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Shell Makes It Clear As It Acquires Daystar, a Nigerian renewable energy provider

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FILE PHOTO: A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. REUTERS/Marcos Brindicci

This is one of the reasons why Tekedia Capital invested in TradeGrid: the path to energy companies of the future will be totally different from most things we do today. TradeGrid is built for today’s energy while primed for the energies of the future. Also, our members are currently investing in another downstream energy startup which we hope will provide the basic technology operating systems for energy systems of the future. Whether fossil fuel or energy from electrons, measurement and revenue assurance will remain critical (will share name after the cycle closes here).

Yes, Shell has bought Daystar: “Shell has made its first power sector acquisition in Africa with the purchase of a Nigerian renewable energy provider, as the oil major seeks to build out a green energy business that will eventually reduce its dependence on fossil fuels. Daystar Power, which operates in Nigeria, Ghana and three other countries across west Africa, provides solar power and battery solutions to business and industry across the region, including Nigerian Bottling Co, makers of Coca-Cola in the country.”

If Shell is buying solar tech companies, it is time for you to see energy differently.  Shell recently paid  $1.55bn for India’s Sprng Energy in April. This world is changing rapidly; rethink everything.

Peter Obi Leads in Premise Data Poll with 72% – Bloomberg

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The Peter Obi universe would be excited over this one. In a Premise Data poll for Bloomberg, the Labour Party candidate picked 72% of the votes: “A clear majority of respondents said they intend to vote for Peter Obi, a former state governor, in elections scheduled for February. The results of the survey conducted for Bloomberg News by Premise Data Corp. were published on Wednesday as the official campaign to succeed President Muhammadu Buhari kicked off… Peter Obi scored 72% among those who have decided how to vote. Main party candidates much less favored in Premise Data poll”. 


A third-party candidate is the top choice to become the next president of Africa’s most populous country, according to a new opinion poll.

A clear majority of respondents said they intend to vote for Peter Obi, a former state governor, in elections scheduled for February. The results of the survey conducted for Bloomberg News by Premise Data Corp. were published on Wednesday as the official campaign to succeed President Muhammadu Buhari kicked off.

Of the 92% of participants who said they’ve decided how to vote, 72% named Obi as their first choice. Of those who are still unsure, 45% said the 61-year-old is their preferred candidate.

Presidential Race

Poll shows Obi is most-favored candidate before February election

Source: Premise Data

The San Francisco-headquartered data company surveyed 3,973 Nigerians from Sept. 5-20. Respondents to the app-based poll were selected from quotas developed by age, gender and location across the country’s six geopolitical zones. Results were then weighted against the original quotas to ensure national representation. About 44% of Nigerians own smartphones, according to the Alliance for Affordable Internet.

The candidates of the two parties that have ruled Nigeria since the restoration of democracy in 1999 fared less well. Bola Tinubu of the ruling All Progressives Congress garnered 16% of decided voters and 23% of those yet to make up their minds. Atiku Abubakar of the main opposition Peoples Democratic Party tallied 9% and 17% respectively.

The Lesson from Europe on Nord Stream “Gas Leakage”

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Good People, can anyone explain why an “ordinary gas” leak is making European leaders unsettled? I mean in Nigeria, that happens all the time and the press does not even report it. In other words, it is not news!

In Sweden, the Defense Minister Peter Hultqvist was speaking in big grammar as though something big had happened. Indeed, it is a big deal when you understand that civilization is built on energy. If you lose energy security, you lose your future.

The European Commission President Ursula von der Leyen was blunt: “Any deliberate disruption of active European energy infrastructure is unacceptable and will lead to the strongest possible response.” That is how critical energy is. And they are mobilizing everything to make sure it does not repeat again.

Fellow Nigerians, everyone will know when Nigeria will move to the next level. And that will happen when we have a secure energy future. The urgency to get there is something we must look at in the current election season. Our office in Owerri uses the national grid as the second backup! In Sweden, the governor of the state would have called press conferences as though the world is failing. Respect good #leadership.

The European Union is “deeply concerned” about damage to the Nord Stream 1 and 2 pipelines that has resulted in leaks in the international waters of the Baltic Sea, calling it a “deliberate act.”

“All available information indicates those leaks are the result of a deliberate act,” the bloc’s foreign policy chief Josep Borrell said Wednesday, while promising to increase energy security efforts.

The bloc “will support any investigation aimed at getting full clarity on what happened and why and will take further steps to increase our resilience in energy security,” he said.

(This leak is assumed to be a sabotage)

Comment on Feed

Comment: This isn’t just a gas leak, it’s a suspected act of sabotage. It’s worth all the big Grammar and calls for investigation and action.

We all know what’s going on in Europe and everyone is wary. If this was indeed a deliberate act from an hostile country, why won’t they panic and work towards ensuring it doesn’t happen again ?

If Russia can silently blow up an undersea pipeline under Sweden’s nose, it can definitely do the same to Norway’s gas pipeline.

My Response: I pity the small Russia for blowing its own pipelines just as it is bombing nuclear power plant it controls. If sabotage is the standard, the whole force of Nigeria military would be in the creeks. More than 90% of leaks are due to “sabotages”. So, why are we not mad as the Europeans?

Building Agile Workforce in Companies – Tekedia Mini-MBA

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Companies exist to fix frictions in markets. To do that, they must mobilize factors of production to create products and services. When you examine the whole constellation of that translation of organizing, combining and recombining those factors to make products, you see three things: people, processes and tools. The People are the heart of every firm. They are the central nervous system of any operating entity, making it possible for the neurons and synapses of markets to operate effectively. The wealth of firms is in the People of the firms.

Tomorrow, one of the finest minds in this industry of discovering, nurturing, and uplifting the human capital to execute business missions will be at Tekedia Mini-MBA. Ijeoma Anunibe, PHRi, SHRM-SCP, ACIPM is the Head of People at Shuttlers, an innovative transportation startup.

IJ will teach on  “Building Agile Workforce in Companies”. It would be an academic excursion from an industry leader with certifications in the critical domains of human resources management and administration.

Tekedia Institute >> the best teaches here.

SouthSweep, South Africa’s Home Service Startup, Raises $11m in Funding

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The African tech economy is gradually expanding, shifting focus from fintech to non-financial services sectors, with edtech, logistics etc. gaining prominence recently.

The expansion has propelled an uptick in fundraising among non-financial services startups. From mobility to digital bookkeeping to agriculture to home services, investors are finding new markets through startup ideas.

Thus, SweepSouth, South Africa’s online home services platform, has secured $11 million in a funding round led by Alitheia IDF with participation from current investors like Naspers Foundry, The Michael and Susan Dell Foundation, and Futuregrowth Asset Management. New investors like Endeavor Catalyst, Endeavor’s Harvest Fund II, Caruso Ventures and E4E Africa also participated in the round.

The eight-year old startup, which provides on-demand home services, said it will use the new funding to drive its expansion and grow its infrastructure.

SweepSouth was co-founded in 2014 by Aisha Pandor and Alen Ribic, and has since then found footing in cities across South Africa, Nigeria, Kenya and Egypt.

“This new funding round is an important one for our team as we continue to scale in South Africa, and further grow our operations in Kenya, Nigeria, and Egypt. We’re excited to continue SweepSouth’s work in connecting customers with home service providers across the continent, building a platform that empowers domestic workers and local tradespeople,” Pandor said.

Alitheia IDF is a pioneering private equity fund that identifies, invests in and grows SMEs led by gender-diverse teams to achieve high financial returns and social impact for communities in Africa. Alitheia IDF was driven to invest in SweepSouth by its growth potential.

“We are proud to support SweepSouth’s growth as it expands its platform that substantially improves the financial and social outcomes for domestic workers across Africa, most of which are women,” Polo Leteka, principal partner at Alitheia IDF said.

Home service, with this inflow of funds into SweepSouth, is tipped to become another sector to watch as the African tech economy burgeons.

Alen Ribic, the co-founder of SweepSouth, said investing in SweepSouth is a way of boosting tech-based home service delivery that offers convenience.

“We’re excited about bringing new shareholders on board in our mission to build technology that aids in providing meaningful connections – giving customers access to safe, convenient services, and home service providers access to decent work opportunities under dignified conditions,” he said.