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Home Blog Page 4066

Process Improvement and Operations Management at Tekedia Mini-MBA

By
Ndubuisi Ekekwe
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0

Two things make Federal University of Technology Owerri special – four different internships (year 1, year 2, year 3 and year 4) -and option for triple degree in one (electrical electronics engineering with option in electronics computer engineering). In two of those internships, I served in NNPC (Owaza Gas Station under NNPC’s Nigerian Gas Company) and Shell (Kolo Creek Flow Station, Yenagoa) as an instrumentation and control engineer – electrical systems.

Good People, the experience remains unparalleled because the whole nexus of process improvement and operations management especially in Shell was legendary. Sure, they did not measure the quantity of food consumed, and that was the only thing under our control as interns!

Tomorrow at Tekedia Institute Mini-MBA Live, an industry zen-master from the storied Schlumberger will be teaching. Yes, our Faculty Rasheed Adebayo will educate us on process improvement and operations management. His course in our Institute is very popular in the oil and gas industry. Why not? If the process is broken, the tools and the people have no mission.  Now, he will teach live.

Tekedia Mini-MBA: the best teach here!

Alex Kruger Forecasts Strong Bitcoin Rally

By
Paul Ugbede Godwin
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Alex Kruger, a well-known crypto analyst and trader, has recently published an article where he forecasts a strong rally for Bitcoin in the coming months. He based his prediction on several factors, such as the increasing adoption of Bitcoin by institutional investors, the growing demand for Bitcoin as a hedge against inflation, and the improving technical indicators that signal a bullish trend reversal.

Kruger argues that Bitcoin is undervalued at its current price level, and that it has the potential to reach new highs by the end of the year. He cites the recent announcements by MicroStrategy, Tesla, and Square, among others, as evidence of the rising interest and confidence in Bitcoin as a store of value and a medium of exchange. He also points out that Bitcoin’s market capitalization is still relatively small compared to other asset classes, such as gold, stocks, and bonds, which means that there is plenty of room for growth.

Kruger also analyzes the macroeconomic environment and how it favors Bitcoin as a hedge against inflation. He notes that the unprecedented monetary and fiscal stimulus measures taken by governments and central banks around the world have resulted in a massive increase in money supply and debt levels, which could erode the purchasing power of fiat currencies. He believes that Bitcoin, as a scarce and decentralized asset, offers a viable alternative to protect one’s wealth from inflationary pressures.

Kruger examines the technical aspects of Bitcoin’s price action and identifies some key indicators that suggest a positive outlook. He observes that Bitcoin has broken out of a descending triangle pattern that had been forming since April, and that it has reclaimed the 200-day moving average as support.

He also highlights the bullish divergence between the price and the RSI (relative strength index), which indicates a possible reversal of the downtrend. He expects Bitcoin to test the resistance levels at $50K, $58K, and $64K in the near future, and to eventually surpass its all-time high of $69K.

Finally, Kruger concludes his assertion by stating that he is confident in his forecast and that he is holding a long position in Bitcoin. He advises his readers to do their own research and to be prepared for volatility along the way. He also warns them not to invest more than they can afford to lose, and to use proper risk management techniques.

The increasing adoption of bitcoin by institutional investors, the growing demand for digital assets — CBDCs in emerging markets, and the improving technical indicators on the charts are clear indications that the crypto and more importantly Bitcoin will transcend into mind blowing innovations in the coming months.

Plant The Tree of Capital; Join Tekedia Investment and Portfolio Management program

By
Ndubuisi Ekekwe
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0

On Saturday, we will begin the Live Zoom of Tekedia Investment and Portfolio Management program. More than 150 professionals are co-learning with us in this edition. The prerecorded courseware went out on Monday (July 3), and on Saturday, I will open the live session with a two hour delivery.

Together, we will co-master how to plant that capital, to grow and blossom, exponentially. Among the five factors of production, CAPITAL remains the one with the highest velocity. What I mean is this: you can use capital to acquire Knowledge, Land, Labour – and even the Entrepreneur (co-founder-for-hire is common these days), and that means Capital is central in the formation, organization, and operation of firms. A man or woman with capital is a FACTOR because with capital, you can pursue a vision, and bring it to pass.

The questions remain: how do you make that capital to keep growing as you deploy it? How do you balance the risk as you plant it as a seed, since the soil of markets can consume it? How do you take care of your capital, from nursery into the main forest of markets? When you invest, you deploy capital so that firms, organizations or the partnering entity can use it to do something in the market system.

The Investment Process now means understanding the market system functions towards making sure your promised value is realizable and your capital protected. Legends of markets are made when they accelerate realized growth with minimal risk!

I invite you to register if you have not done so. It is $400 or N180,000 and we have many payment options here. Like a farmer, Tekedia Institute educates on how to pick the best fertile ground, the right fertilizer mix (balanced nitrogen, potassium and phosphorus) and shovels to have the best harvest. Co-learn with us and REGISTER.

This is the best investment course in Nigeria and Africa you can get for value.

MTN Mobile Money, MoMo, Hits 8 Million Users in South Africa

By
Ojukwu Emmanuel
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MTN, Africa’s largest telecommunications company, reports that its mobile money (MoMo), has hit a total of 8 million users in South Africa.

Chief Financial Services Officer MTN South Africa, Bradwin Roper disclosed that the surge in MoMo users is attributed to the increasing demand for alternatives, especially among those in rural areas where there is no traditional infrastructure.

Also, in search of connectivity, simplicity, reliability, added value, and an increasing range of services from a single source, MoMo has become the go-to platform for most South Africans.

In his words,

“As more South Africans look to join the mainstream financial services sector, they encounter discouraging fees, complexity, and bureaucratic hurdles. Compounding this is the present economic situation, which is seeing banking fees increase, and even double in some cases. Our commitment to this market is expressed in our MoMo platform, which has attracted eight million subscribers in a few years. The key to this success has not been due only to free services but access to everyday services and the promise of future advancements.

“The fee-free benefits of many of our MoMo services are significant, particularly as many individuals struggle to make ends meet amidst mounting financial pressures. The advantage that MTN and other significant players in this sector have, is that we do not have the legacy investments in technology and systems common to many mainstream financial institutions.

“Our ability to offer cost-effective and convenient smartphone-based services and quickly adapt to changing customer needs to launch add-on services means we have a significant business advantage. Consumer trends indicate that the search for alternative services will only accelerate in the future. Our ability to pivot, meet demands, and control costs together with our commitment to offering customers innovation at every step, will drive benefits for a growing customer base well into the future”.

MoMo platform which is powered by UBank, uses the Ericsson Wallet Platform, enabling customers to use their mobile phones, and other devices, to send and receive money, purchase airtime and prepaid electricity, and pay for their municipal bills and DSTV subscriptions.

MTN believes this is what makes MoMo appealing to SA’s unbanked community as well as those who might not enjoy the burden of withdrawing cash from their accounts.

Since the launch of MoMo in South Africa in January 2020, MTN said the mobile money service has continued to amass millions of users every year. In the first quarter of its launch, MoMo users had grown by 400,000.

Also, the number of active merchants accepting MoMo payments has continued to increase significantly, with the value of remittances growing.

In 2021, underlying the growth of MoMo across Africa,  MTN announced a $2 million partnership with the International Finance Corporation (IFC) to expand its mobile money business in South Africa.

The partnership aimed to target the unbanked and underbanked population by establishing a strong network of MoMo agents. MTN is attempting to tap the unbanked market in SA, which it has estimated at 11 million.

Strategic Voices for Improving Nigerian Brands in the Changing World

By
Mutiu Iyanda
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0

Our analyst observes various themes in what people are saying about Nigerian brands in 24 hours. These themes include skepticism and concern about product quality and authenticity, the importance of supporting local businesses, the impact of globalization on consumer preferences, and the need for Nigerian brands to improve their image and offerings.

Skepticism and Concern about Product Quality

Several tweets express skepticism and concern about the quality and integrity of Nigerian brands, particularly in the skincare and fashion industries. @CupOfSugaInMay highlights her skepticism about working for Nigerian brands due to their lack of transparency and testing evidence. @Temmietholar and @Bibi_Eth mention that some Nigerian skincare brands have been compromised due to the demand for quick results, leading to safety concerns. @whyifeoma mentions that even some international brands may have questionable practices, suggesting that product quality is a broader concern.

Implication: Nigerian brands need to prioritize transparency, quality control, and safety measures to gain consumer trust and confidence. By addressing these concerns, they can enhance their reputation and credibility in the market.

Support for Local Businesses

Some tweets emphasize the importance of supporting Nigerian brands. @DukeofBourdilon advocates for avoiding discrimination and tribalism and urges people to support local brands to realize the Nigerian dream. @GoodMarket_ promotes Nicnax, a Nigerian brand offering affordable alternatives to imported products and creating job opportunities for local farmers.

Implication: Encouraging local support for Nigerian brands can stimulate economic growth, create employment opportunities, and contribute to the overall development of the country’s business ecosystem.

Globalization and Consumer Preferences

Many tweets suggest that some consumers are shifting towards foreign brands due to perceived quality, safety, or authenticity. @TheDakoAlice contemplates targeting foreign customers due to budget constraints with Nigerian brands. @Bibi_Eth and @Tejumola__ recommend opting for foreign skincare brands for safety reasons. @Heydavinaa_ expresses frustration with Nigerian ready-to-wear brands, indicating that some consumers may perceive international brands as more reliable.

Implication: Nigerian brands need to adapt to changing consumer preferences and global trends to remain competitive in the market. By continuously improving their offerings, branding, and marketing strategies, they can attract both local and international customers.

Need for Improvement and Innovation

Several tweets point out the need for Nigerian brands to innovate, create original designs, and offer unique products. @MonsuratAbdulw2 raises concerns about Nigerian RTW brands lacking originality in their designs. @EuginhoCortez criticizes the excessive sweetness of Nigerian peanut butter, suggesting room for improvement in product formulation.

Implication: Nigerian brands should focus on research and development, investing in creativity and innovation to develop distinct products and designs. By doing so, they can carve a niche in the market and differentiate themselves from competitors.

While some express skepticism and concern, others advocate for supporting local businesses. Globalization and changing consumer preferences pose challenges for Nigerian brands, necessitating constant improvement and innovation. By addressing these issues, Nigerian brands can enhance their image, foster consumer trust, and compete effectively in the global marketplace. Supporting local brands not only boosts the economy but also empowers Nigerian businesses to thrive and contribute to the country’s growth.

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