We have this startup which came to Tekedia Capital Syndicate. It was oversubscribed by multiples and before we could even finish, all our members had doubled their investments. Yet, the startup has not even launched! But when you see amazing business models, you admire them. No wonder, everyone wants in, from Europe to Africa to the Americas. The fun fact: they baked the startup in Lagos!
Young people, start building. The greatest business in Nigeria has not been started. We’re just entering the application utility era in the nation and the cambrian moment of entrepreneurial capitalism is still at infancy.
If anyone tells you that the future does not offer a promise, ignore. Simply, Abundance is in the future. Think. Think. Think. There are many amazing things in Africa. Look at those local challenges from a new dimension, not necessarily in the way Silicon Valley would have looked at them. Find that #GreatestBusiness which remains unborn.
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At Tekedia Capital, I will like to explore how to help you. We invest $$millions of dollars yearly with positions in dozens of companies. They will tell you that there is no money in Africa. Sure, I can tell you that in our current Tekedia Capital cycle, our challenge is how to ration investments due to oversubscriptions! Africa has funds. But it needs visionary entrepreneurs for those with the funds to release them. #build
The Nature of Job is Changing
We need to build because the nature of jobs is changing as the World Economic Forum projects that 14 million jobs would be lost in the next five years.
Nearly one in four jobs are set to change over the next five years as a result of trends including artificial intelligence, digitization, the green energy transition and supply chain-reshoring, according to a new report from the World Economic Form. The report, which is based on a survey of over 800 employers, also said global job markets are set for a “new era of turbulence” as clerical work declines and employment growth shifts to areas such as big data analytics, management technologies and cybersecurity.
Employers expect to create 69 million new jobs by 2027 and eliminate 83 million positions, with a net loss of 14 million jobs, it said.
Up to 26 million jobs in record-keeping and administrative positions will be eliminated as roughly 75% of surveyed companies said they expect to adopt AI technologies over the next five years.
Slower economic growth, supply shortages and inflation remain a bigger threat to jobs than AI for now, the report said.
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