Tekedia Capital is in the news in many newspapers this season as we begin a new investment cycle here.
Tekedia Capital invests in technology-anchored early stage startups and companies. Our opportunity antenna and grassroot connections with innovators enable us to see patterns as they develop. We invite you to partner with us as we nurture and build category-king companies in Africa and beyond, and in the process advance citizens, communities and nations. At Tekedia Capital, we fund the foundations of the NEXT African economy.
BusinessDay
The Nation: Tekedia Capital seeks investors for startups in Africa
Independent: Tekedia Capital Invites Investors To Aid Funding Of Early-stage Startups In Africa
New Telegraph: Tekedia Capital invites investors to boost startups in Africa
Leadership: Tekedia Capital Provides Platform To Fund Tech Startups
I flew into Abakaliki last night after so many years that I haven’t visited the state and the first thing that welcomed me was the multi-colour paints on the city walls and roadsides, the fancy street lights and numerous flyovers both completed and uncompleted inside the city centre.
Paradoxically, I can count how many private vehicles drove past us within the city; but everywhere is filled with tricycles (Keke Napep) and I was forced to ask myself the reasons for building multiple flyovers in a city with zero traffic like Abakaliki.
Common sense should have told those in charge that flyovers are needed and of high importance in only highly congested cities so as to decongest traffic gridlock. There has never been traffic gridlock on any road in Abakaliki so I will ask the state government what is and will be the use of the flyovers they built. I guess for aesthetics and beauty purposes. A project as capital intensive as such should not be engaged just for aesthetics and decorations. All the flyovers built are just a waste of money; a gigantic sum of money that should rather be invested in other ventures that would have created long-term sustainable jobs for the Ebonyi residents.
No serious businessman or investor will relocate to invest in a city just because of the city’s aesthetics; paints or street lights.
Again, the airport that was just built in the state is another waste of scarce resources. Enugu airport is just about 45 mins away from Abakaliki city; the Enugu airport has been serving Ebonyi residents and visitors and could still serve. Every state, especially a state like Ebonyi, must not own an airport, it is not a “show off” project. Millions of dollars were spent on that project and I can predict that the airport will go bankrupt and will be abandoned soon just like the Benue’s due to low patronage.
The state government should have asked themselves before embarking on such a project about how many business persons or visitors visit the state daily to warrant an airport to be built.
I expected the Ebonyi state government to know that for every project undertaken by a government, there is an opportunity cost for it which was abandoned and that’s why before embarking and wasting money on a project, the government should ask the hard question; “is the project really necessary at this point”?
For any flyover built, there are schools which ought to be built or renovated which were sacrificed as an opportunity cost to erect a flyover. For every airport built, there is money which ought to be pumped into an educational subsidy to subsidize the cost of university education in the state; Ebonyi state university is one of the most expensive state-owned universities in Nigeria and for a state like Ebonyi which is the state in southern Nigeria that tops the rank of educational less developed states, the state should have prioritized instead on subsidizing the cost of tertiary education to encourage education amongst the indigenes and also investing in projects that will attract industries that will create more jobs.
What the state government like Ebonyi should consider now is the creation of long term and sustainable jobs, inviting and attracting investors through different incentives like stable and low-cost electricity, tax abatement/ reduction and building of more schools and subsidizing the cost of education in state-owned institutions to encourage education.
Building flyovers, and airports and spending millions of dollars painting the city walls just for decoration and aesthetics are just so unnecessary (at this point) and will never attract investors or create long-term jobs.
Happy Easter and let me wish everyone a Happy Resurrection Day. Resurrection brings a new life and I am praying that your career, family, etc will experience the power of His resurrection. As we say in the Scripture Union, His resurrection will resolve any challenge. Good People, grace infinite because He’s Risen. Happy Easter from my family to yours.
Tekedia Capital has unveiled 8 startups for the current investment cycle of Tekedia Capital Syndicate. Members of the Syndicate will invest in these startups until the first week of May 2023.
The startups cut through fintech, financial services, agriculture, human resources management, telecoms and mobile money. Largely, Tekedia Capital makes it easier for citizens, groups, investment clubs, companies, organizations, etc to own a piece of early-stage, high-growth technology startups operating across Africa and beyond.
Good People, out of these 8 companies, a unicorn could be born. We invite you tojoin our Syndicate here and co-invest with our members.
Tekedia Capital offers a specialty investment vehicle (or investment syndicate) which makes it possible for citizens, groups and organizations to co-invest in innovative startups and young companies in Africa and around the world. Capital from these investing entities are pooled together and then invested in a specific company or companies.
Note: by joining Tekedia Capital Syndicate, you attend Tekedia Institute’s Venture Investing and Portfolio Management program at no additional cost (a $400 saving). Visit the webpage for the next scheduled edition.
A membership payment of $1,000 (orN1,000,000 ) is required to join Tekedia Capital Syndicate.
Message below was sent to members our Syndicate today.
Tekedia Capital H1 2023 Startups Posted for Investment; Demo Day Scheduled April 29
Dear Sir/Madam,
Greetings and Happy Easter! We are very happy to update that the deal flow is now live in Tekedia Capital H1 2023 board once you log in https://capital.tekedia.com/. Once logged in with the membership email, the direct link is https://capital.tekedia.com/lesson/active/. We have 8 great startups in this cycle including mobile money wallet (Francophone Africa), neobank, agtech, benefits aggregator, etc.
We made a special video for each startup and also provided their respective pitch decks. Please keep all the startups confidential until we have invested; all provided discounts. Also, there are some startups that have space constraints as they’re oversubscribed; we will manage the spaces we have in ways that make every member happy. Just let us know how much you plan to invest per company, irrespective of any space limitations.
The investment cycle will conclude on May 8, 2023 and that is the last date to receive funds; please plan accordingly.
More so, the Demo Day is scheduled on Saturday, April 29, 2023; Zoom link is already in the Board when you login. All the startups will be live to present and take your questions.
Event: Tekedia Capital Demo Day
Date: Saturday, April 29, 2023
Time: 4 – 60pm WAT
Zoom Link: login here for it
For this Demo Day, please bring your investment friends, families, advisors and associates along; indeed, any person you consult with as you make investment decisions. The proceeding will be recorded and available in the Board afterwards.
Have a great moment checking them and if you have any questions, please contact us. (If you have forgotten your password, email us for a temporary one or just go here to request a new one https://capital.tekedia.com/setup/.)
The major advantage of blockchain technology is its capability to store data in a permanent and unchangeable format. Any data uploaded to the blockchain cannot be altered, making it a highly effective method for record-keeping.
Indonesia is exploring the use of NFT technology based on blockchain to safeguard its cultural heritage. This suggests that governments are acknowledging the potential of blockchain and its various applications, including cryptocurrencies and NFTs, which bodes well for emerging ventures like signuptoken.com.
Indonesia is leveraging NFTs!
Muhammad Neil El Himam, the deputy chairman for the digital economy and creative products in the Ministry of Tourism and Creative Economy, has partnered with Quantum Temple, a tech-based company, to use NFTs for the preservation of the Indonesian cultural heritage. Himam believes that NFTs can help preserve Indonesia’s cultural heritage while enhancing virtual tourism.
Quantum Temple will use Ethereum and Algorand blockchain networks to help preserve the Indonesian cultural heritage. Digital representations of traditional ceremonies, craftsmanship, knowledge of nature and the universe, musical and oral expressions, dances, and pilgrimages will all be tokenized. Tokenizing cultural heritage creates three critical areas of value, including immutable archives of culture, transparent alternative income streams through royalties, verified provenance, and recognition for cultural creators.
Indonesia’s move towards leveraging blockchain-based NFT technology to preserve its cultural heritage is a testament to the growing recognition of the power of blockchain and its applications. Governments are now recognizing the potential of blockchain-based technologies such as cryptocurrencies and NFTs.
The popularity of Signuptoken.com demonstrates the growing interest in the crypto industry, especially among those who want to enter the DeFi market without spending any money. The project’s audacious claim to make a million millionaires has also generated a lot of buzzes.
Signuptoken.com: A Unique and Trending Project in the Industry
Signuptoken.com is a unique project in the crypto industry that is currently making waves. The project allows users to enter the DeFi market without spending any money. Users can sign up at the website and gain entry into the fascinating world of DeFi.
After creating a fan base of one million users, Signuptoken.com plans to launch its ERC-20 tokens and follow it up with its Uniswap exchange. The project also plans to launch its own NFT collection. In addition, Signuptoken.com has made an audacious claim: to make a million millionaires.
The project’s no-money-required presale and audacious claim have put it in the spotlight. With its mailing list already exceeding 3000 and growing every day, there are limited seats at the top.
Indonesia’s partnership with Quantum Temple to leverage blockchain-based NFT technology to preserve its cultural heritage is a significant step towards recognizing the power of blockchain and its applications. Signuptoken.com’s popularity is another indication of the growing interest in the crypto industry, and its unique project is attracting attention from investors and enthusiasts alike.
As the power of blockchain and its applications continues to grow, it is essential to keep an eye on the latest developments in the industry. With Signuptoken.com’s promise to make a million millionaires and Indonesia’s move towards preserving its cultural heritage through NFTs, the crypto industry is sure to keep us on the edge of our seats.
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