Call for Applications: Startup Open 2016 for New Entrepreneurs Without Seed Funding

Brief description: Startup Open 2016, powered by Global Entrepreneurship Network is calling for entrepreneurs from any industry with a new business that has yet to raise any outside capital from angel investors, venture capital firms or other formal sources of seed funding.

Application Deadline: 30th September, 2016

Offered annually? Not known

Eligible Countries: Global

To be taken at (country): South Africa

About the Award: Startup Open is a global competition that is open to entrepreneurs from any industry with a new business that has yet to raise any outside capital from angel investors, venture capital firms or other formal sources of seed funding.

Type: Entrepreneurship contest

Why Nigeria’s economy will decline in 2016 – IMF

Nigeria’s economy will not appreciate to an impressive level in 2016.

According to the International Monetary Fund (IMF), Nigeria’s economy is likely to shrink as it was performing below the IMF forecast for the country.

Gene Leon, IMF resident representative in Nigeria on Monday, said energy shortages and delayed budget weigh on output in the country.

With deflation of the economy by 0.4 percent in the first quarter of 2016,