DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 4488

“The Empires On Tech” by Ndubuisi Ekekwe – Tekedia Capital OPEN Presentation [Video]

0

Here is the video in case you missed it.

We invite you to Tekedia Capital OPEN which is scheduled on Saturday, Jan 21, 2023 at  4-5pm WAT. Prof Ndubuisi Ekekwe, the Chairman of Tekedia Capital, will make a presentation titled “The Empires on Tech”. This is an open free event – and every person is invited.

In this presentation, he will explain how Africa is being redesigned by tech startups, re-architecting the economies, and in the process unlocking abundance for citizens, communities and nations, across markets and industrial sectors.

We’re in a new age of value creation, a cambrian moment of entrepreneurial capitalism, and it would be decades-long. The transformations will offer new ordinances in market systems, and the implications will be massive: wealth, scaled exponentially for those who participate. Indeed, there is power in a line of software code and the switching of a transistor; Africa will experience that power at scale. Come and learn about the future.

  • Event: Tekedia Capital Open
  • Topic: The Empires On Tech
  • Presenter: Ndubuisi Ekekwe, MBA, PhD
  • Date: Saturday, Jan 21, 2023
  • Time: 4pm – 5pm WAT
  • Zoom link here (event is free and open). YouTube webcast will be posted on this page on Saturday; only the first 100 will be on Zoom
  • Contact: capital@tekedia.com
  • Mailing list: click here to join our mailing list

Share this message and come with your friends, associates, colleagues, families, investment club members, etc.


About Tekedia Capital:  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. 

We invest in mainly technology-anchored companies and are sector-agnostic which means those companies could be operating in any industry, including finance, real estate, education, health, logistics, etc. The opportunity is open for individuals in Africa, Africans in diasporas, global citizens in any place in the world, investment groups and organizations around the world. To learn more about Tekedia Capital Syndicate, go here.

Tekedia Capital charges $1,000 (or Naira equivalent) membership fee to include an investor in Tekedia Capital deal flows for 4 investment cycles (we typically do 2-3 cyclers every 12 months)

Join Tekedia Capital here and co-invest with us in the world’s finest startups. 

If Peter Obi is elected Nigerian President, will he be a Communist, Liberalist or Neoliberalist?

0

Mr Peter Obi, the Labour Party’s presidential candidate, delivered his speech as expected at Chatham House in the United Kingdom. Like in other places and forums where he campaigned prior to his House speech on January 26th, the former governor cited his bad leadership and poor governance discourses as factors contributing to Nigeria’s various socioeconomic challenges.

In this piece, our analyst examines his potential economic and political ideologies if elected president after the election on February 25th. Mr Peter Obi appears to align with liberalism and communism ideologies more than neoliberalism ideology, according to 22 extracts considered by our analyst from his speech, which has 2, 728 words.

Liberalism ideology implies that Nigerians should expect a president who will work to secure individual rights, liberty, and the consent of the people. During his presentation, his alignment with the ideology suggests that he would ensure equality before the law. Nigerians should also expect a president whose goal is to lead a country with socioeconomic policies centered on common ownership of the means of production, distribution, and exchange that distributes products to everyone.

Exhibit 1: Core words in his speech

Peter Obi's Chatham
Source: Peter Obi, 2023; Infoprations Analysis, 2023

Liberalism

  1. It is for this change that my vision of policy change and institutional development is rooted in the push for a broadened scope of social mobility and freedom for Nigerians, particularly our children and youth.
  2. We will patriotically reform our institutions particularly ones directly responsible for implementing Government policies to make them fit for purpose.
  3. We count ourselves honoured to be trusted especially by the youths, to lead this democratic revolution and we deeply pledge to do so with sincerity, accountability and unquenchable love and desire for a better Nigeria.
  4. We are determined to do everything that needs to be done to rescue and lead our beloved country to prosperity, freedom, security and peace. We will use merit to assemble competent Nigerians from all sections of Nigeria to form an effective Government of National Unity.
  5. We will turn our youth bulge to a demographic dividend, rather than today’s harvest of a time bomb of violence and insecurity from the uneducated, unemployed and marginalised.
  6. …by pursuing a robust reform of the security governance structure with a strong coordinating mechanism that assures that all levels of government – federal, state, and local (with 3-level policing structure) – are aligned with strong collaboration with partners from both the private sector and development groups to provide the required services and deliver results for every Nigerian.
  7. Our Micro, Small and Medium Scale Enterprises (MSMEs) will be robustly supported. Further borrowing will be strictly for productive purposes.
  8. We will enforce the principle of performance auditing and institutionalize monitoring and evaluation process of the entire public service delivery as the primary means of actualizing our vision of a new Nigeria.
  9. For the avoidance of doubt, we will collaborate with the Central Bank of Nigeria for the transparent liberalization of the foreign exchange market and the dismantling of the opaque multiple exchange rate regime which effectively subsidises a few privileged persons.
  10. We will also seek to boost the supply side, rather than continuing to concentrate exclusively on demand management of the foreign exchange market.
  11. We will support local manufacturing capacity of power technologies and encourage and expand local R&D in universities, training centres, and workshops through which many jobs will be created.
  12. In line with this commitment to transform our educational sector, we will prioritize the funding of this critical sector. Our tertiary institutions will be remodelled to serve as hubs or centres for research, development, and commercialisation of ideas for the quick industrialization of Nigeria.
  13. “Conduct an afro-centric diplomacy that protects the rights of Nigerian citizens abroad and advances the economic interests of Nigerians and Nigerian businesses in a changing world”.

Communism

  1. “Shift emphasis from consumption to production by running a production-centered economy that is driven by an agrarian revolution and export-oriented industrialization”.
  2. …we will pursue an agricultural revolution through proper segmentation of Nigeria to activate and harness the factor endowments of different parts of the country for both rapid and mechanized agricultural development and as a pillar for Nigeria’s other sectoral development and industrialization.
  3. We will incentivise and invest in agro-cluster and industrial cluster development across our geo-resource zones to take advantage of agglomeration and scale effects particularly in North-West, North-East and North-Central regions of Nigeria.
  4. …we will ensure that reforms are pursued in a way that protects the livelihood of our hardworking and efficient civil servants.
  5. We will embark on effective macro-economic and fiscal restructuring to quickly restore fiscal viability by discontinuing unaffordable subsidies which have left a black-hole in government finances.
  6. When unaffordable subsidies are removed, some carefully calibrated transfers will be used to cushion any adverse impact on the economically weak.
  7. We will support local manufacturing capacity of power technologies and encourage and expand local R&D in universities, training centres, and workshops through which many jobs will be created.

Neoliberalism

  1. We will employ entrepreneurial governance to dismantle impediments to free trade and ease of doing business and implement radical economic policies that will drastically reduce our debt service – a major drain on government revenue today.
  2. “Build expansive infrastructure for efficient power supply, rail, road and air transportation, and pipeline network, through integrated public-private partnerships, and entrepreneurial public sector governance”.

Beyond Personal Branding, Pursue Authentic Personality

1

The experts will tell us to build, project and market our personal brands.  I do not necessarily think that is the crux of the deal – to wake up, with the nexus of finding ways to “sell” an image to the world. As an engineer, I understand the constructs of root cause analysis where the foundations are evidently catalytic for sustained success. 

Personal brand built on marketing fails because while you can get the horse to the water, you may struggle to get it to drink.  In other words, I challenge you to build foundations for authentic relationships to cushion your reputation. Simply, go for authentic personality.

Human relationships which endure are never transactional, unlike product-brands which you can buy, use, and move on. The implication is that those who become authentic thrive over time. The modern virality of personal brand is largely ephemeral because without that authenticity, that reputation cannot be sustained.

What is authenticity? Earning your laurels in absolute objectivity; everyone sees and knows it. Your personality becomes durable, unlike transient brands which sparkle like the acid and base experiment which causes effervescence in chemistry labs in secondary schools.

Work hard to elevate your authenticity, not just to market your personal brand, and if you do so well, many will recommend you in your absence. The greatest among us do not build personal brands; they’re authentic personalities and that is why they’re durable in our minds!

Comment on Feed

Comment 1: Never read any wiser post than this.

Whenever I see people try to pick a personality type, wear a red cap or so on to stand out (or be LIKED) I am always turned off. The outside mask we put on will fall off under pressure.

That said, “Human relationships which endure are never transactional, unlike product-brands which you can buy, use, and move on.”

Comment 2: Building authentic personality that transcends time and ages is a life long project, it will be intentionally built on our core values and they must align with our character, attitude and principles that hinges on the above…well said prof

Comment 3: Your perspective on every matter is always worth a read. Even when not conclusive, it provides intentionally molded lego bricks to build upon. Thank you Prof. Ndubuisi Ekekwe.


The following are some suggestions on how to build a professional online persona. It is establishing your web personality (webinality) to explain that person you are. Yet, that does not mean authentic personality.

Presence: Open at least one social media or blog account.

Specialize:  Define an area of interest and build around it. A five-minute online search should reveal what you represent. You need to differentiate yourself and showcase your core skills and unique capabilities to potential hiring managers.

Accuracy: Always remember that once that post goes online, you may not control who sees it. If you lie on your accomplishments, your classmate or co-worker is just an IP address away from challenging it. Make it accurate – always, otherwise, you will destroy your persona.

Comprehensive: While blog should be short, once in a while, develop comprehensive articles in your field and post them online. It could mean expanding a class project you worked on, adding more contents, and fully proving your expertise. Half-baked contents will not take you too far.

Judgment: What you post or share online defines who you are. Your profile defines you – values, interests and reliability. For employers, they want reliable team leaders and you must not offer less in your web personality.

Vertical Integration: Seek to connect with people ahead of you professionally while building a horizontally network.

Generosity: Share and exchange good ideas. Invite people to your network and be generous to promote good ideas from others. Write professional reviews on books, journals and articles. In no distant time, people will reward you.

Policy Matters: If you are working, ensure you adhere to policies on using the company’s name online. There is a threat that you could be a source of data leakage that can hurt competitiveness. Your profile must not be another portrait of your employer – you must be wise to separate both, where necessary.

Continuity:  Professional online branding is a continuous work-in-progress that requires constant tune-ups of networks, contents and profiles. It must be constantly nurtured.

Build Your Webinality – 9 Ways of Standing Out in the Web

3 reasons to never neglect the paid services for promotion of your Instagram page 

0

It might seem like you can do everything by yourself, but, unfortunately, in 2022 reality this is very far from the truth. IG has turned into the platform that requires not only time and effort, but also knowledge and some special technologies to become popular on. However, it still doesn’t stop anyone from coming here and starting to develop their blog and monetize their content. In this article we’re going to tell how to make your start smoother and will give 3 reasons why you shouldn’t neglect a chance to buy Instagram packages for your page – it is an initial boost for your promotion and so much more than that. Let’s figure it out together!

Reason 1: it saves you time

Working on a profile is a big way to go – you need to spare some time on generating content, some time on interacting with the audience and keeping them in touch with your current reality (if we’re talking about blogging). Free promotion methods all take a lot of time and effort from the content creator, the same goes to PR from the bloggers: you need to get ready the actual post or story that you want to be seen by their audience, you need to agree on the terms and conditions, this is a long and time-taking process. Whilst paid services such as a possibility to order a pack of third party services takes literal minutes to arrange.

Reason 2: it saves you money

Targeted ads, PR from bloggers, SMM managers services are very pricey – not everybody who is just starting off on IG (or willing to quickly boost their page) is willing to spend so much on a social media page. Paid third party services cost less but have nearly the same effect: if you’re taking on subs from a decent agency that sells them genuine and real, you’d be able to not only increase the number of followers on your page, but also greatly improve the stats of your page. And those two are literally the only aims that any online development can hit. All the other stuff is the duty of the content creator: engagement and interactions with the audience are lying on you only.

Reason 3: it is safe

No matter what other people say, if you’re taking on bought followers from a trustworthy agency, you won’t have any difficulties with having them delivered to your page. The whole system is safe: decent companies usually find ways to work with real social media users who are keen on becoming somebody’s subs or leaving likes and comments for a nice reward after. Using bots and fakes is not necessary, so you should check what you’re buying and what policy a promotional company you’re going to work with has about these.

Conclusion

In 2022 there is literally no reason to neglect the third party paid services – these can tremendously help with the promo itself and with keeping your profile high on its statistics. You only have to check the quality (or use the links we have given in this article) of the services you’re about to buy and don’t forget that none of it is going to work if you won’t put enough effort into generating quality content and interacting with your new audience.

Luxury Conglomerate LVMH Hits $572.6bn in Market Value as Tesla Hovers Around $400bn

0

French luxury goods conglomerate, Moët Hennessy Louis Vuitton, commonly known as LVMH, has hit 400 billion euros (S$572.6 billion) in market capitalization, after its shares rose to a new record on Tuesday.

The multinational company has enjoyed significant growth from last year that saw its chairman and CEO Bernard Arnault overtake Tesla CEO Elon Musk in Bloomberg’s Billionaire Index, becoming the richest man in the world.

LVMH market value rose slightly above 400 billion euros after its shares jumped 0.4 percent, pushing it to an all-time-high of 795.7 euros, according to calculations made by Reuters based on Refintiv data.

The record growth is attributed to the easing of covid restrictions in China, which has accelerated economic activities in the South Asian country. China, as the world’s second largest economy, is a choice destination for luxury companies and reopening its markets has seen LVMH sales boosted.

However, some analysts quoted by Reuters said further gains in the share price could become harder to achieve.

“Let’s say I’m waiting for 500 billion to mark it down as a milestone,” said Angelo Meda, head of equities and portfolio manager at Banor SIM in Milan.

“They are firing their last cartridge which is the Chinese reopening, going forward things will get tougher: tough comparisons, US dollar going down,” he added.

Both LVMH and Musk’s Tesla count on China to increase revenue growth. However, Tesla has seen its revenue dwindle in the past year, cutting its market cap slightly above $400 billion (406.85 billion as at Tuesday) from its peak of $1.2 trillion in January 2022.

The electric vehicle manufacturer has cut prices for some of its car models in the Asian markets, in a push to increase sales amid crashing revenue.

In a new move to increase sales, leading electric vehicle maker Tesla, has reduced the cost of some of its car models in Asia.

Reuters reports, citing a person with direct knowledge of the matter, that the decision cuts prices for Tesla Model Y and Model 3, and in addition to China, covers Japan, South Korea and Australia.

Arnault has also made changes at LVMH, with a reshuffle that saw his daughter Delphine appointed to lead Christian Dior, a subsidiary of the group. A new head was also named to oversee Louis Vuitton. But the reshuffle is not targeted at increasing sales.

However, Tesla remains the most valuable auto company and is expected to recover its lost market value soon following the adjustments the American company is making to boost sales. Musk, who has been largely blamed for Tesla’s ordeal, is also expected to bounce back soon, retaining his place in the Billionaire Index as the world’s richest man.

Tesla’s ordeal is attributed to the chief executive’s acquisition of Twitter late last year, which he’s been spending more time trying to reinvent. Musk lost $200 billion in 2022 as Tesla shares took a pounding, making him the highest loser of personal fortune in history.

Elon Musk’s net worth took a pounding in 2022, spiraling downward from its lofty $340 billion record in November 2021, to $137 billion, according to Bloomberg Billionaires Index, which makes him the first person in history to lose $200 billion.

The significant drop in Musk’s fortune was as a result of the plunge of Tesla’s stock, which has fallen 65% since last year. With his fortune largely tied to Tesla’s shares, Musk has got into the Guinness World Records as the biggest loser of personal fortune in history.

Japanese tech investor Masayoshi Son, previously held the record with a whopping $58.6 billion loss in 2000.