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A New Ndubuisi Ekekwe Article Is Coming in Harvard

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A new piece is coming in the Harvard Business Review. I have taken time to examine the African technology domain, looking at the Cambrian moment of entrepreneurial capitalism that we are right now. I have waited for this piece primarily to put the statistics of 2021. 

Good People, it is good morning in Africa when you see the numbers. But yet, there are issues ahead. Those issues if not managed could posit a challenging future for Africa. Africa’s finest companies of the future are not Africans – and that alone breeds an economic dislocation where even the current local exchanges cannot be refreshed, with new companies. Simply, without those new firms joining as the old fades, where will the resilience to deepen asset classes come from?

I make the case that redomiciliation of startups out of Africa to the Western world will punt Africa’s future if not addressed.  You will like it when it is published. My editors are on it.

Visit harvard.edu and search “Ndubuisi Ekekwe” and read some of my influential works.

Beat Early bird deadline and join the best school at Tekedia Mini-MBA

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The early bird registration deadline for the 7th edition of Tekedia Mini-MBA is here. Click to register for Tekedia Mini-MBA (Feb 7 – May 7, 2022). Our program is online, self-paced, and costs $170 (or N90,000 naira) per person.

We have many goodies if you beat the deadline including attending our Innovation Week and Career Week free, besides access to my books, and certificate courses at Facyber.com. Click and register here 

Beat the deadline and join the best school. Do it now.

Unicorn startup is the new leopard for Ikoro, prepare for the next initiation

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Unicorn (a startup worth at least $1 billion) is the new leopard for the ikoro! Peerless Chinua Achebe would’ve written: “the bell rings, the markets open, the young men and women on t-shirts are gathered. It is a new festival in a market no one can see, but powered by computers with billions of naira from traders from all over the world.

“Nwangele, the CEO of the unicorn, the new leopard for initiation for that bell ringing is here. It has long been coming since Nwangele created that API in his college dorm in Nsukka. Ring louder, the fans cheer because this is a better way to enter the new ikoro: the Nigerian stock exchange.”

Unicorn is the new leopard; prepare for the next initiation.

In Igbo Nation, killing a leopard qualifies one to “enter” the ikoro, the huge wooden drum that could be the size of a room. In ancestral Igbo, it was mainly for warriors who battled and returned home with symbols of victory like human skulls of enemies.

Chinua Achebe described it in many of his works, illustrating a time of urgency or uncommon events. Whenever it sounds, the villagers are required to pay attention [call it your modern emergency alarm] with everyone making it to village square unless it is expected apriori like during festivals.

Today, we’re updating that ordinance, replacing the leopard with a “unicorn”, a private tech company worth at least $1 billion. Build one, we will ask the elders to honour you! Yes, Unicorn is the new leopard young people must kill to go to the ikoro.

BoundlessPay Rules Zero-Free International Money Transfer

Rising Unauthorized Use Of Sensitive Vehicular Devices In Nigeria (II)

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Owing to the fraudulent or dubious attributes that accompany the use of tinted glasses, the Nigeria’s Federal Road Safety Act regulates the degree to which vehicle windows can be tinted, especially the front windows.

These limits are in place to enable the Police and other security agents identify the driver and passengers of the vehicle in question, as well as allow motorists to see through the windows of other vehicles in order to spot hazards that otherwise could not be noticed. Similar regulation or restriction is also accorded to the use of siren.

Furthermore, customized or personalized number plate, which creates a unique identity of any vehicle it is applied on, is another sensitive gadget indiscriminately used by automobile owners in Nigeria.
In essence, a customized registration number plate, which is really much easier to memorize, conceals how long the automobile has been in existence contrary to a general number plate that discloses the age of the vehicle that bears it.

Summarily, a personalized number plate, which its use is equally controlled by the Federal Road Safety Corps (FRSC), is widely used for three main purposes, namely: creation of uniqueness, easy memorization as well as for concealment of the automobile age, as the case may be.
However, in some quarters like the entertainment industry, most individuals use it to showcase to their fans or the public in general how influential they are, thereby ridiculing the prime essence of the device.
Owing to this lingering abuse as stated above, the apt authorities had in various times banned or warned decisively on the continued use of these sensitive gadgets by unauthorized Nigerians.

It’s appalling to observe that despite the incessant severe warnings, most Nigerians such as the politicos and what have you, still violate the law on a daily basis with impunity, thereby disabusing the members of the public of the popular notion that ‘no one is greater than the law’.

It’s more worrisome to realize that these persons received an unofficial or illegal authorization to make use of the devices from the top personnel or employees of the concerned law enforcement agencies such as the FRSC.

Such preferential treatment invariably received by influential Nigerians from the above mentioned saboteurs, in the name of ‘immunity’, really calls for a public outcry as well as a more stiff measure towards its eradication.

Against this backdrop, any member of the FRSC alongside other relevant bodies caught in the act of sabotage or any form of criminality ought to be outrightly dismissed and thereafter duly prosecuted no matter whose ox is gored. In the same spirit, any unauthorized citizen regardless of his/her status found wanting, is also meant to face the wrath of the law.

Inter alia, there’s a compelling need to review most of the laws or Acts biding the use of sensitive vehicular devices in Nigeria to include siren, tinted glass and customized number plate, with a view to making amends where need be.

The proposed review needs to be done headlong without further ado considering the societal implications of the aforesaid uncalled lifestyle unabated displayed by various Nigerians who think they are beyond the law of the land that is invariably reckoned to be a respecter of nobody.

More so, the various military cum paramilitary organizations in the country ought to be extremely careful whenever they are recruiting new members into their respective confraternities with a view to ensuring no person of any questionable character benefits from the exercise as long as it lasts.

They must be conscious of the fact that the membership of such bodies isn’t meant for everybody or all Nigerians. Unarguably, the ongoing alarming pace of sabotage witnessed in several quarters in Nigeria is mainly attributable to harbouring of fraudsters, albeit ignorantly, by various sensitive societies or corporate bodies across the country.

The President Muhammadu Buhari-led administration that seems to possess a high-integrity profile against corrupt practices is expected to act very fast toward ending this alarming rate of heresy, before we’ll wake one morning only to realize that the FRSC and its likes have been taken over by a group of ‘bloody’ civilians.

BoundlessPay Rules Zero-Free International Money Transfer

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He graduated from UNN with BSc Computer Science in 2017. His name in college was Blockchain Oracle. He moved to Lagos and built an amazing company that employed tens of people. Then Nigeria put a switch – cryptocurrency is a financial sin – and switched off the opportunity. That week, he relocated to Dubai – and they gave him everything!

Last quarter, he acquired a small UK company and bought the IP of another one in Mauritius. His company enables companies and people to move money across countries at zero fee, using blockchain.

As a shareholder in his business, the hometown boy of Isuikwuto Abia State is amazing. Nigeria cannot make people like Franklin Peters Odoemenam uncomfortable with senseless bans when what we need is smart regulation.

Please download Boundlesspay https://boundlesspay.com/ and experience freedom on moving money. BD has been recognized as one of the finest fintechs in Dubai and hometown guy is congregating with the legends. I have told him, come back to Isuikwuato with a “unicorn” and the elders will anoint him in the village square. Unicorn is the new leopard young people must kill to go to the ikoro**!


*startups worth at least $1billion.

** In Igbo Nation, killing a leopard qualifies one to enter the ikoro, the huge wooden drum that could be the size of a room. Chinua Achebe described it in many of his works, illustrating a time of urgency or uncommon events. For example, every wrestling match would begin with the ikoro summoning the village to the square. Franklin does not need to kill a leopard, he needs to bring home the “unicorn” and we will anoint him.