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Why You Must Dare to Fail


Thousands and thousands of people who are now enjoying success have attested to having failed many times before they could test the fruits of success. Their reaction to failure has always been the same. They saw failure in a different way, reacted to it with amazing positivity, and regarded failure as a snowball of lessons. It is probably one of the most important factors that have made them what they are today.


If you are afraid of taking risk, you are actually avoiding the fundamental requisite element that guides you towards your success. The fear of failure denies you the opportunity to unleash you potential. Research indicates that the average human being using less than 10% of their potential.


Every single person has so much potential to be able to use in a 100-life times. Fear is one of the biggest factors that diminishes human ability and stands between you and a life of your dreams. Multi-millionaire, entrepreneur, and author Richard Brandson flew thousands of kilometres in a hot air balloon and was rescued by a helicopter after falling into sea. His company Virgin is now flying to space.


I am not suggesting you take extreme ridiculous risks but this a clarion call for you to dare to fail. Somehow men and women who have dared to fail have achieved great things. Failure is a weapon of success, it must be used to achieve, and it should not be a destructive force.  


 Great men and women have seen failure as a definite pathway to success and believed that failure is a starting point to any form of success. While ordinary folks give up, successful people regard failure as a feedback mechanism and use the opportunity to re-strategize and face the future cognizant of what would not work.


The man who discovered the light bulb Thomas Edison when once asked how many times he failed responded by saying “I did not fail a thousand times I just found out one-thousand ways it would not work.” Great men and women have their brains wired to view failure in a different way. Failure tends to toughen their resolve to get what they want.


Their view and perception of the world is so entirely different and traceable in their language that they use. There are very stubborn and stick on their goals and dreams until they achieve them. The ordinary folk stops at the very first hurdle but when great men and women are faced with challenges they remain stuck to the ultimate goals.


They remain so focused on their goals so much that little else on the road side matter. Their eyes are always on the ball. The one thing that they have mastered is the power of persistence. They never give up because nobody has really achieved anything by giving up.


Successful people know that when you fail, you fail at something not everything. Defeat can only be temporary and the measure of a true man or woman is their ability to rise from what looked like impossible positions.


Author of the Classic book Think And Grow Rich Napoleon Hill states that “opportunities have a sly habit of coming misguided as failure or temporary defeat” In what you have deemed failure in the past what were the opportunities, what lessons did you learn and how would you do things differently if you were to undergo the same process?


These are three question that successful people ask themselves when they are facing set-backs. I just want you know that you can react differently to failure. If you don’t see failure differently you will use a few instances to make a judgement call on your abilities, skills and personality.


The end result will be a loss of confidence, low self-esteem and you will be doubtful of your purpose. And I am sure you have met somebody so much dejected by failure that they begin to question their existence on earth. But if they had just reacted differently to failure and regarded it as necessary feedback they would be probably be reacting differently about their purpose.


 Your subconscious through various life experiences will be wired to react to failure in a particular way. You would know of people who react to failure by crying, some become withdrawn, some aggressive and they do this because that is the only way they know of reacting to failure.  All these reactions have been stencilled to the subconscious mind because of our attitude towards failure.


If there is someone who has never failed, it is because they have never tried anything. They go through life cautious and afraid of taking the risks and end up failing anyway. And because they have never experienced failure, it becomes a new devastating phenomenon. Most of people who are failure averse never recover from major set-backs.
Start reacting to fear differently, fear provides lessons and it is a tool to be used to achieve and throw out that fear and start living today.    

Money Mind
Until next week.
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Jewellery manufacturing plant to create over 100 jobs

30th January 2023

The state of the art jewellery manufacturing plant that has been set up by international diamond and cutting company, KGK Diamonds Botswana will create over 100 jobs, of which 89 percent will be localized.

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Investors inject capital into Tsodilo Resources Company

25th January 2023

Local diamond and metal exploration company Tsodilo Resources Limited has negotiated a non-brokered private placement of 2,200, 914 units of the company at a price per unit of 0.20 US Dollars, which will provide gross proceeds to the company in the amount of C$440, 188. 20.

According to a statement from the group, proceeds from the private placement will be used for the betterment of the Xaudum iron formation project in Botswana and general corporate purposes.

The statement says every unit of the company will consist of a common share in the capital of the company and one Common Share purchase warrant of the company.

Each warrant will enable a holder to make a single purchase for the period of 24 months at an amount of $0.20. As per regularity requirements, the group indicates that the common shares and warrants will be subject to a four month plus a day hold period from date of closure.

Tsodilo is exempt from the formal valuation and minority shareholder approval requirements. This is for the reason that the fair market value of the private placement, insofar as it involves the director, is not more than 25% of the company’s market capitalization.

Tsodilo Resources Limited is an international diamond and metals exploration company engaged in the search for economic diamond and metal deposits at its Bosoto Limited and Gcwihaba Resources projects in Botswana.  The company has a 100% stake in Bosoto which holds the BK16 kimberlite project in the Orapa Kimberlite Field (OKF) in Botswana.

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Global CEOs Back Plan to Unlock $3.4 Trillion Potential of Africa Free Trade Area

23rd January 2023

African heads of state and global CEOs at the World Economic Forum Annual Meeting backed the launch of the first of its kind report on how public-private partnerships can support the implementation of the African Continental Free Trade Area (AfCFTA).

AfCFTA: A New Era for Global Business and Investment in Africa outlines high-potential sectors, initiatives to support business and investment, operational tools to facilitate the AfCFTA, and illustrative examples from successful businesses in Africa to guide businesses in entering and expanding in this area.

The report aims to provide a pathway for global businesses and investors to understand the biggest trends, opportunities and strategies to successfully invest and achieve high returns in Africa, developing local, sub-regional and continental value chains and accelerating industrialization, all of which go hand in hand with the success of the AfCFTA.

The AfCFTA is the largest free trade area in the world, by area and number of participating countries. Once fully implemented, it will be the fifth-largest economy in the world, with the potential to have a combined GDP of more than $3.4 trillion. Conceived in 2018, it now has 54 national economies in Africa, could attract billions in foreign investment, and boost overseas exports by a third, double intra-continental trade, raise incomes by 8% and lift 50 million people out of poverty.

To ease the pain of transition to its new single market, Africa has learned from trade liberalization in North America and Europe. “Our wide range of partners and experience can help anticipate and mitigate potential disruptions in business and production dynamics,” said Børge Brende, President, and World Economic Forum. “The Forum’s initiatives will help to ease physical, capital and digital flows in Africa through stakeholder collaboration, private-public collaboration and information-sharing.”

Given the continent’s historically low foreign direct investment relative to other regions, the report highlights the sense of excitement as the AfCFTA lowers or removes barriers to trade and competitiveness. “The promising gains from an integrated African market should be a signal to investors around the world that the continent is ripe for business creation, integration and expansion,” said Chido Munyati, Head of Regional Agenda, Africa, World Economic Forum.

The report focuses on four key sectors that have a combined worth of $130 billion and represent high-potential opportunities for companies looking to invest in Africa: automotive; agriculture and agroprocessing; pharmaceuticals; and transport and logistics.

“Macro trends in the four key sectors and across Africa’s growth potential reveal tremendous opportunities for business expansion as population, income and connectivity are on the rise,” said Wamkele Mene, Secretary-General, AfCFTA Secretariat.

“These projections reveal an unprecedented opportunity for local and global businesses to invest in African countries and play a vital role in the development of crucial local and regional value chains on the continent,” said Landry Signé, Executive Director and Professor, Thunderbird School of Global Management and Co-Chair, World Economic Forum Regional Action Group for Africa.

The Forum is actively working towards implementing trade and investment tools through initiatives, such as Friends of the Africa Continental Free Trade Area, to align with the negotiation process of the AfCFTA. It identifies areas where public-private collaboration can help reduce barriers and facilitate investment from international firms.

About the World Economic Forum Annual Meeting 2023

The World Economic Forum Annual Meeting 2023 convenes the world’s foremost leaders under the theme, Cooperation in a Fragmented World. It calls on world leaders to address immediate economic, energy and food crises while laying the groundwork for a more sustainable, resilient world. For further information,

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