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Be unbounded, and do not be limited by anything

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Thank you Duke Magazine United Kingdom. Personally, I would have gone with “I am a global citizen. Confident, Respectful and Hardworking”.  With those three attributes, I have dined with the world’s greats, and hope one day I will be elevated to their levels.

People, if they ask you “have you ever seen a village boy on the cover of a UK magazine”, you have an answer: “Ndubuisi Ekekwe”. Be unbounded, and do not be limited by anything. Put in effort and the world will elevate you. One of the most memorable presentations I have ever given was speaking before Bill Gates.

I had one concern: would they stop me after 60 seconds because I was wasting a billionaire’s time. But gracious heavens, I finished and he praised me – and extended a handshake. Doubts exist because we are humans but check, we are making progress.

Be on the cover of a magazine!

 

Aim Higher On Your Mission

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In business, it is always easier to execute a new, hard and great mission than a marginal one. Men and women easily sign up for things which are GREAT than things which are ephemeral. Yes, it would be easier to execute Tesla mission than another typical car company like Ford or Peugeot. While great people will line up for Tesla, many would be unresponsive for another Ford or Peugeot company!

When Mark Zuckerberg says he wants to “bring the world closer together“, via Facebook, he has put a great vision. It is certainly new and it is worthwhile. The newness and hardness are not necessarily a function of technology, but rather the aspirational quality of the mission at hand. When Google says it wants to organize the world’s information, it has something many people, across generations, would commit to help it execute.

In our age, you can sign up a whole village if you say you are going to the moon. But if you say you want to dig the ground, many will not show up. Going to the moon is new and harder; men and women would be inspired by that possibility. Digging the ground is easier and stale; few people would want that. The best talent would congregate for the moon business while the digging ground one will struggle.

Do hard but great things, and the best will like to work for you!

Communicate A Greater Purpose

Ndubuisi Ekekwe To Keynote First Bank Fintech Summit 5.0

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From the 7th century Tang dynasty of the invention of paper money to the Great Debate of Pythagoras and to the modern concept of co-opetition, one thing has been constant: industries advance when they find ways to cooperate even as they compete against one another. In fixing market frictions, finding ways to expand the market becomes strategic. 

In the domain of financial services, Open Banking is a vista to advance the sector, accelerate innovation and improve service delivery for citizens. I will be speaking on the promises of Open Banking in First Bank Fintech Summit 5.0 and how it would unlock new opportunities in the financial sector in Nigeria and beyond. 

Nigeria’s fintech sector is still at infancy because we have minimal innovation at the credit phase. If we use open banking and concatenate disparate datasets, a new ordinance will evolve. Financial APIs will change economies but they can only be potent if powered within a unified data regime. From insurance to mortgage to real estate to core banking, open banking APIs will redesign the architecture of our economy. 

Go to First Bank website and register free.

Just #believe

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#believe. That is all it takes. For everything ever accomplished, there was a phase that someone believed. Your background is past, but your future is an open book which can chronicle greatness and accomplishments. Have a great Sunday.

Tesla Sets Up Supercharger Stations in Morocco, Suggesting Move into African Market

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The long-awaited Tesla entry into the African market may have become a reality as the leader in electric vehicles has deployed its first two Supercharger stations in Morocco.

African has been sidelined while Tesla expands production and sales to Asia and Europe, a situation that poor infrastructure is largely responsible for.

Electrek, which first reported development, noted that deployment of supercharger stations is generally the first step toward Tesla entering a new market. That’s why it’s interesting that Tesla is now opening its first Supercharger stations in Morocco and consequently, the first Supercharger stations in Africa.

It is not clear if the move involves opening a factory, but it sure shows that Tesla is moving toward registering its presence in Africa, which will boost the number of Tesla vehicles in the continent.

Africa is bedeviled by poor infrastructure that doesn’t support the electric vehicle market, which has kept it out of Tesla’s plan even as the automaker records an increase in production and sales globally.

Tesla produced a record-breaking 237,823 electric vehicles and delivered 241,300 in the third quarter of the year, beating expectations. But a few of this number made it to Africa.

Africa’s infrastructure deficit has hindered CEO Elon Musk’s dream to launch Tesla in his native Africa, and it is a concern shared by many in Africa, who wish to own a Tesla car.

Nevertheless, as Electrek noted, though there are plenty of Tesla cars in Africa, they have been privately imported by individuals who have to jump through hoops to make it happen.

These owners face huge challenges charging and maintaining their vehicles since Tesla doesn’t support the market with service centers, Supercharger stations, navigation updates, and connectivity. Tesla has solved these problems in its existing markets by firstly deploying Supercharger stations and service centers.

According to Electrek, there are only four Supercharger stalls at each station and they are only v2 150 kW, which is the previous generation of Tesla’s Supercharger technology.

However, while the gesture points to a desire by Tesla to venture into Africa, it could be a strategic move by the automakers to serve the needs of its nearby markets.

What Electrek thinks.

Based on those locations, those first Superchargers in Africa might be more about servicing vacationing European Tesla owners than the local market.

Nonetheless, it’s an important first step toward Tesla entering the African market. After opening those Supercharger stations, it will be easier for Tesla to open more.

There are already a decent number of Tesla owners in Morocco and a few other African markets.

Tesla has been known to look at the number of owners who imported their own cars into a market as a data point to consider officially entering the market.

In Morocco, Tesla is also doing more business after recently starting a supply agreement with semiconductor company STMicroelectronics based outside of Casablanca.

However, getting into the African market will require that Tesla sets up more than supercharger and service stations. With the epileptic situation of electricity in the continent, the major infrastructure that electric vehicles need to sell in Africa is largely lacking.