I have met many super-achievers from around the world. I have also sat on the same tables with the richest 1%. I have also worked with some of the most amazing thinkers.
This is my conclusion: greatness is achieved not because of extraordinary talent; rather, due to total dedication, perseverance and commitment to a purpose.
Take it from me: we’re all born with latent greatness, but we need the right principles to unlock it.
– Ndubuisi Ekekwe
Emerging technologies are not only revolutionizing how people and businesses interact, but they are also continuing to determine how to produce and disseminate information needed by people and businesses worldwide. Our analyst previously looked at the technological fusion of 63 African media outlets, with a focus on Egypt, Nigeria, Kenya, and South Africa.
According to a variety of sources, these countries have long been Africa’s largest media markets. In these countries, the media ecosystem is complex and relatively advanced in terms of content production and distribution to the public. As previously stated, new technologies are influencing how media organizations and professionals produce and disseminate what the public wants. This has been specifically driven by the Internet, smart devices, and the constant innovation of social media owners.
To keep up with the constant innovation of new media and other emerging technologies producers, news media and their professionals are being pushed to either converge or lose the game of creating and capturing value from the emerging dynamic audience. This insight is one of the key findings of analysis of the African media convergence ecosystem.
The degree to which 63 African media outlets have converged with new media, particularly social networking sites, podcasts, live FM TV, and mobile apps, clearly demonstrates that new technology developers and social networking site owners are forcing media outlets into spaces where they are not typically expected to be. In this regard, our analyst observes that the concept of industrial structure convergence and divergence is consistently being brought into reality by media owners and professionals.
Our research reveals that the majority of media outlets (Exhibits 1 to 4) are under pressure to combine content that was originally intended for distribution through traditional radio and television with Internet-enabled versions of the same mass communication channels. Our data show that, in addition to content integration, one of the media companies also engages in content syndication. A situation known as content syndication occurs when one medium and another agree to share media content created on their respective platforms.
Looking at the data, our analyst discovered that some broadcast organizations are clearly using the Internet to make their presenters and management team visible to the public. According to our analyst, they are breaking down the anonymous barrier associated with traditional radio and television as mass communication channels.
Our data also show that some media outlets have dedicated sessions for promoting upcoming programs and news belts, in addition to letting audience know the people who are behind programme and news presentation. Our analysis shows that when posting these, a brief description of the news or program’s focus and any potential advantages viewers or listeners might experience are typically provided.
Exhibit 1: Radio Stations Convergence with New Media by Content Distribution Patterns
We discovered that some media organizations are interlinking their branches with the main website in what appears to be an effort to reduce Internet usage (as a platform for reaching audience). This primarily allows the audience to visit other establishments owned by the same individuals and/or organizations. As technologies continue to force constant convergence on media owners and practitioners, our analyst observes that a critical balance must be found between which new technologies to converge with and diverge from. One method is to assess which emerging technologies work and which do not work for the targeted audience of each content (especially programme).
Exhibit 2: Radio Stations Core Content Distribution Strategies in the Face of Media Convergence by Operation Patterns
Exhibit 3: Television Stations Core Content Distribution Strategies in the Face of Media Convergence
Exhibit 4: Newspapers Core Content Distribution Strategies in the Face of Media Convergence
Rivers State governor Nyesom Wike has debunked the report that he filed a lawsuit against the PDP’s presidential candidate for the 2023 election, Atiku Abubakar, challenging his emergence as the party’s flagbearer.
Wike allegedly filed the lawsuit alongside Michael Ekamon, a PDP member, against Atiku, the PDP, Sokoto State governor Aminu Tambuwal and Nigeria’s electoral body INEC.
But in an interview with ThisDay, the governor denied taking any legal steps against anyone respecting the result of the PDP’s primary election. He said he does not know the lawyers who might have filed the lawsuit.
“I don’t know anything about the so called suit. I did not ask anyone to file any suit for me,” he said.
“I don’t know the lawyers,” he added. “Am I a kid to be filing a suit at this time? I had 14 days after the primary within which to have filed any suit. I didn’t do that then, is it two months after primary I will file a suit?
Wike attributed the report to mischief makers, citing another matter he said was falsely reported about him.
“Just yesterday they came up with the claim that I ordered my Chief Security Officer to pull down PDP flag in Government House. This is all false, it’s all propaganda. Some people are trying to use me to win the election. Please disregard all these lies,” he said.
Wike was aggrieved by the outcome of the PDP’s primary election after Tambuwal stepped down from the race for Atiku, and has since refused to support the former vice president’s presidential ambition.
According to legal documents filed at the Federal High Court in Abuja, which was published by ChannelsTV, Wike and Ekamon had asked the court to determine eight issues, including if it is illegal for votes originally meant for Tambuwal to be transferred to Atiku. In addition, the plaintiffs prayed the court to see whether Tambuwal lost his claim to votes the moment he stepped down for Atiku.
The co-applicants argued that should these issues be determined in their favour, the court should grant nine reliefs including a declaration that the purported transfer of Tambuwal’s votes to Atiku be declared null and void.
The plaintiffs are also seeking a declaration that the PDP acted negligently and in bad faith by assigning the Sokoto governor’s votes to Atiku at the primary.
They are praying the court to cancel the transfer of votes and a corresponding order restraining the 3rd respondent (Tambuwal’s) withdrawal in the primary was done after voting had commenced.”
The applicants also prayed the court to declare that the PDP and Atiku took undue advantage of Tambuwal’s withdrawal when they allowed the Sokoto governor to persuade delegates to vote for the former Vice-President in the primary.
Wike and Ekamon asked the court to order INEC to reject or remove Atiku from “its list of candidates in the 2023 presidential election.”
They are also seeking an order commanding the PDP to recount the votes of the primary that was held on May 28 and May 29.
Lastly, the applicants are seeking an order of the court “directing the 1st respondent (PDP) to declare the 2nd applicant (Wike), a presidential aspirant in the May 28 and May 29 primary as the winner of the aforesaid primary with a corresponding order directing the 1st respondent (PDP) to forward his name as the candidate to contest the presidential election in 2023.”
In a supporting affidavit he deposed to, Ekamon noted that he was a member of the PDP and attested to the fact that Wike won the presidential election.
He maintained that Tambuwal withdrew from the contest after voting had commenced and directed that his votes be assigned to Atiku.
Efforts by the party to reconcile the characters involved in the infighting have proved futile. Wike has demanded the resignation of the PDP’s Chairman Iyorcha Aliu as his condition for peace.
But speaking at the commissioning of House of Assembly Quarters in Port Harcourt, the Rivers State governor maintained that he didn’t not take Atiku and the PDP to court as he is focused on his job.
“People have called me that I went to court against Atiku Abubakar,” he said. “I want to state categorically that I didn’t go to court. I just want to say it for Nigerians to know. I have kept quiet. I am busy with delivering the dividends of democracy.
“If they lose election, nobody should call my name. I have told the candidate.
“If I wanted to go to court, I would have gone to court within two weeks. It is the candidate’s group that are doing all these things. Let the world hear. They are the ones plotting all these things, thinking they will spoil my name.
“We are supposed to be talking about winning election.”
Recall that Assets and Resource management holding company (ARM) last month, on the 19th of July 2022, held a meeting in Lagos, with the theme “Building The Next Set Of Unicorns”.
In the meeting, they disclosed how they intend to set up Labs, to support Fintech and Proptech startups who are poised to use innovation in solving problems across Africa.
It is interesting to know ARM has walked the talk, as the company recently launched a state-of-the-art innovation workspace for Fintech startups selected in the ARM labs innovation program.
The workspace, with its headquarters located in Ikoyi, Lagos, was birthed in fulfillment of the organization’s commitment to providing a well-equipped location where startups in the country can develop their businesses and gain access to mentors within the ecosystem.
The establishment of this workspace is coming after ARM partner Techstars accelerator, solidified Lagos as Africa’s most attractive tech hub. Reports disclose that the newly built workspace is well equipped with access to Wi-Fi, designed workstations, a PS5 entertainment console for relaxation, a meeting room, and a communal area.
During the launch of the ARM lab, the managing director of ARM Pensions, Mr. Wale Odutola stated that the platform presented to Startups in Nigeria, was to provide them with the opportunity to scale their businesses and help fine-tune how they go into the market.
He further stated that the program will assist startups to develop business relationships within and outside Nigeria.
In his words;
“It is not every day you have the opportunity to partner with an established firm that has over a million clients and focuses on course development and services. We are also a business that tends to be more protective of the things we create.
“This is a great opportunity to test the extent of our mentorship and hopefully come out on the other side transformed and ready to break new ground”.
Also, The managing Director of ARM Academy, Uche Azubike disclosed that the ARM labs innovation program is a learning environment, where startups will have the opportunity to interact with other businesses. He advised startups not to limit their mindsets, as they have the opportunity to do as much as they can.
This is a commendable initiative from ARM as they constantly offer wealth creation solutions and opportunities to fintechs in the country through support programs to facilitate and encourage innovative growth in the financial services industry in the country.
It is interesting to note that ARM currently manages total assets of approximately N1.6 trillion as of December 2021. With these programs offering support to startups in the country, I have the inkling that many more unicorns will emerge from this country, adding to the pre-existing ones. This will also make the city a hotbed for investors and also have a positive impact on the revenue.
Tekedia Institute is excited to announce that we’re opening a new subsidiary in Eswatini (formerly Swaziland) next month. Tholeni S Buthelezi will lead and run the business for us. Through this process, we will serve schools, companies, and individuals better on Tekedia Mini-MBA, Tekedia Industries, Tekedia Practice, Tekedia for Enterprise, Tekedia Startup Masterclass, etc.
The broad Southern Africa has become a growth region for our education and training on entrepreneurial capitalism. Tekedia Institute is poised to graduate more learners this year than any university in Africa.
Tekedia Institute – Africa’s temple for the mastery of entrepreneurial capitalism and business management. Our customer support runs 24/7 because we support 41 countries; email my team on how we can help you advance your mission here
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