Good People, join me to thank Adekunle Babasola for supporting young people to attend Tekedia Institute programs. Mr. Babasola, we thank you for your generosity and kindness. As you sojourn in markets, win more domains and territories. Thank you for funding the future. Thank you.
Structuring Tech Companies To Stay in Compliance and Mitigate Regulatory Risks in Nigeria
Good People, I am updating my topic for Aug 21 Tekedia Live from “8 Options On The Most Important Decision in Business” to “Structuring Tech Companies To Stay in Compliance and Mitigate Regulatory Risks in Nigeria”. This is how we roll in Tekedia Mini-MBA; we adjust schedules to accommodate current events where possible.
The technical freeze on the six investment startups in Nigeria is a reminder that a playbook cannot be deemed “ready” until the core regulatory risks are well within managed zones. In this session, I will share what we do in Tekedia Capital, and how we work to make sure our startups are in compliance.
The fact is this: we build risk mitigation and compliance into the architecture of the firm, making it possible that even if there is a regulatory somersault or perturbation, we can recalibrate within hours, and still serve customers, even when necessary working outside the jurisdictional ordinance.
Remember rule #1: do not operate with fear, operate with knowledge and stay compliant.
Sat, Aug 21 | 7pm WAT | Structuring Tech Companies To Stay in Compliance and Mitigate Regulatory Risks in Nigeria – Dr. Ndubuisi Ekekwe
See you in class.
Comment on LinkedIn Feed
Ndubuisi Ekekwe very necessary sir, personally I’m beginning to feel that the fourth matrix for innovation (after user needs, available technology and business value) is regulatory direction. Let’s face it, if companies like Gokada, Bamboo, Chaka, Patricia and the likes that were solving huge problems for users, building and making the most of available technology and creating value for their respective businesses could have their whole models upturned by one letter, it goes to show you that the fourth matrix for innovation needs to be a strong regulatory focus.
It’s kind of getting clear now why companies like Google and Facebook hire policy roles when they enter new climes, and why they’re exceptionally focussed on the nitty gritty of regulation and policy direction to avoid trouble.
Dangote and the likes don’t have a problem, their businesses are within proper regulatory terrain. Our generations technology companies must find ways to follow suit (or at least have fail proof backup plans).
The Tecno’s Glocal Playbook
In cities like Lagos, Nairobi and Addis Ababa, busy streets are awash with the bright blue shopfronts of Transsion’s flagship brand, TECNO. The company might still be a new brand globally, however, the company took a different path to success from other top Chinese smartphone makers or international mobile brands. TECNO built its business in Africa and is focused on its growth in global emerging markets. And it has no plans to change tact now.
For TECNO, future growth is set to come from building its business outside Africa by tapping into other developing regions like the Middle East, East Europe, and Southeast Asia, but with Africa still a key focus.
A recent Counterpoint research reveals that TECNO was responsible for 18% of the total smartphone shipments in Africa in 2020. The research firm attributes TECNO’s rise to a strong second half of the year and its affordable smartphone portfolio. The brand has made a dent to some of the bigger smartphone names, making TECNO a challenger brand to watch out for.
Glocal approach
TECNO’s ethos is rooted in a business strategy called “glocalisation,” the creation of products that will sell universally but can be customised to specific markets or regions. This strategy signifies TECNO’s growth from an Africa-focused brand to a newcomer in the mid-to-high-end smartphone segment in global emerging markets.
In Ethiopia for example, Tecno became the first major phone brand in the country to offer a keyboard in Amharic, the country’s native script. This unlocked an entirely new customer base. Swahili and Hausa keyboards have also been added since then.
“This has helped TECNO grow into one of the most admired smartphone brands in Africa, as well as an expert in providing industrial-leading technology and innovative devices designed for global users in emerging markets,” explains Stephen Ha, General Manager at TECNO.
Today, TECNO’s product line is greatly enriched by its quad core smartphone product lines and a diverse AIoT products, providing consumers with high-quality middle and high-end smart devices.
“We offer a very competitive price, enabling our customers to always stay connected to the world and enjoy a fashionable way of life. Unlike many international brands, TECNO focus on users in emerging markets and creatively combines global technology with the actual needs of local consumers, bringing them cutting-edge technology with localised innovation and differentiated features. This kind of innovation is in our DNA,” adds Ha.
In 2021, TECNO plans to leap further forward with the hope of stabilising its foothold on more emerging markets. “To further expand our brand popularity, we aim to play a more significant role in the mid-to-high end market segment. We will do this by actively combining international-level partnerships to create our global brand image, while also utilising diverse and innovative branding activities to serve a growing number of young consumers.”
Joining the premium smartphone space
TECNO’s brand mission is to become the most admired tech brand in the global emerging markets by continually making breakthroughs in product innovation.
With PHANTOM X, TECNO intends to redefine the premium flagship phone trend and evolve it to new dimensions that exemplifies premium design, industry flagship camera technology, and seamless customer experience punctuated by a differentiated service. “We are confident that we have figured out a right strategy in terms of many aspects like elegant design language, camera technology, and total user experience,” says Ha.
But PHANTOM X is just the beginning. As TECNO continues to play a more significant role in the mid-to-high end market segment, it will cultivate its market position by bringing with it premium smart devices and services-based offering and lead with a customer-oriented innovation mindset.
“The mid-to-high-end smartphone market has become more mature today, and market demand has spread rapidly to global emerging markets. We are eager to push the competition into new boundaries to make flagship technology and innovation available to consumers in global emerging markets sooner,” adds Ha.
TECNO plays a crucial role post-pandemic
The COVID-19 pandemic has brought unprecedented challenges both for industry and society, however, TECNO knows that every challenge brings with it an opportunity. “During the period, we kept the communication lines with our global partners. We stood alongside our consumers to help them overcome challenges. We’ve always been the brand that pushes past limitations,” says Ha.
TECNO gave back to communities. They implemented fast-response measures to support local communities in time of outburst events such as COVID19. “Last year, we rolled out a range of initiatives to provide prevention measures, materials and educational and economical support that aims to help local communities to maintain their safety and wellbeing for everyday life.”
TECNO partnered with governments in countries such as Nigeria, Thailand, Myanmar, and India, to provide medical support to local communities. Prior to the pandemic, they partnered with UNHCR to support its global education project, Educate A Child, to help improve the educational conditions of refugee children and enable them to get more opportunities for education.
But more than taking its social responsibility to heart, TECNO is all about knowing what the customer needs, and this philosophy is at the very center of everything they do. “We are at the forefront of meeting neglected market demand by developing elegantly designed smart tech devices and services for our consumers across more than 70 global emerging markets. We want to provide consumers with a comprehensive range of high-quality products and services at competitive prices, from smartphones, tablets, smart wearables to AIoT devices,” says Ha.
As TECNO readies itself to take on the world by storm, the brand recognises the role that it plays in society.
“We are investing more around digitalisation to drive positive impact on business ecosystem, consumers as well as social development. For example, we held the first global AR launch event for the CAMON 16 series in 2020; we witnessed the rise of short-video social trend and launched the very first documentary looking at the “rise of selfie” calling out for the public to employ devices in a positive way. We are also investing more in e-commerce to bring better convenience to consumers,” concludes Ha.
One can clearly see why TECNO is on the up and up.
It is no surprise therefore that in 2020 it has outpaced its competitors in Africa and was named one of the top ten “most admired brands in Africa”, a recognition bestowed upon it by its industry peers and consumers.
McPherson University Champions Innovation Hour Scheduled At Tekedia Institute
McPherson University Champions, welcome again to Tekedia Institute. Very excited to host all of you here. Please the Zoom link is now in the Board. I hope to meet all on Saturday to discuss innovation, business growth and the wealth in nations. It is always transformational – and I am confident that you will see a hopeful, promising and abundant future, out of your capabilities and the promises of tomorrow.
Yes, the future is full of abundance, and innovation will fix frictions which are challenges nations, communities and firms are facing. Those who have the capabilities to fix those challenges win the trophies. Yes, they become champions across domains in academic, business, political and other human endeavors. Everyone is invited on that mission because we are agents to make the world a better place.
Saturday, Aug 21, 2021 at 5pm WAT.
Tekedia CollegeBoost >> co-learning with university students and innovators of tomorrow
Let’s Master The Physics of Business At Tekedia Mini-MBA
Does your business operate on Speed or Velocity? At Tekedia Mini-MBA, we educate on the physics of business systems. It is possible you are operating on speed. We will help you have Velocity which is a playbook with a Clear Direction. Let’s co-learn on how to unlock the opportunities in your firm.
Registration for the 6th edition of Tekedia Mini-MBA (Sept 13 – Dec 6, 2021) opens. Tekedia Mini-MBA, from Tekedia Institute, is an innovation management 12-week program, optimized for business execution and growth, with digital operational overlay. It runs 100% online. The theme is Innovation, Growth & Digital Execution – Techniques for Building Category-King Companies. All contents are self-paced, recorded and archived which means participants do not have to be at any scheduled time to consume contents. Our programs are designed for ALL sectors, from fintech to construction, healthcare to manufacturing, agriculture to real estate, etc.
Join our school here https://www.tekedia.com/mmba6/ . Class begins with The Innovation and Growth of Firms on Sept 13.






