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Become A Champion, Accelerare Your Leadership Ascent: Innovate, Execute & Grow [JOIN]

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I invite you once again to join us in the 6th edition of Tekedia Mini-MBA (Sept 13 – Dec 5, 2021). Click here for everything you need to learn about this program – world-class faculty, top-grade curriculum and African-focused business cases. Accelerate your management ascent and play in the business growth orchestra. I will lead that orchestra with the enviable support of business professionals from MTN Nigeria, Shell, Microsoft, MIT, Flutterwave, Access Bank, Queen’s, Infoprive, Sherwin Williams, Nigerian Breweries, Coca Cola, etc.

Twelve weeks, self-paced, online, and costs $140 or N50,000 via Paypal, bank transfer, & debit/credit cards. It is rated “E” for everyone reading. Register  now  and get two ebooks and a free course at Facyber cybersecurity bonuses. 

We are agents of Symphonic Innovation – an innovation system that is domain agnostic, and anchored on a unified and harmonious approach in the deployment of technology components to accelerate productivity gains and cushion competitiveness. With Symphonic Innovation, you do not deploy and launch a blockchain only to be tripped by AI; you launch with a mindset that these technologies are like extended musical compositions which must be carefully organized to make the orchestra an unforgettable experience.

Extending  the symphonic nexus to law, strategy, branding, project management, audit, human capital, fundraising and other areas in our syllabus, you will see that Champions will emerge from this program.

Be a Champion and accelerate your leadership ascent, click and REGISTER today.

Orange to Partner with Huawei for 5G Roll Out in Africa

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As Huawei struggles to keep its place in the global roll out of 5G network, immobilized by US sanctions. Telecom companies are weighing their options for potential partnership with the embattled Chinese telecom giant.

Reuters reported that Orange, France’s largest telecoms firm, will avoid using equipment from Chinese vendors when developing Europe’s 5G networks, opting for suppliers such as Ericsson and Nokia instead, according to its chief executive.

While many countries have come under the pressure of the United States, cutting ties with Huawei and being careful not to use its infrastructure in their 5G roll out, Orange sees no issue in working with Huawei in Africa, where the Chinese company dominates as a supplier of equipment to many telecoms operators.

“We’re working more and more with Chinese vendors in Africa, not because we like China, but we have an excellent business relationship with Huawei,” CEO Stephane Richard told Reuters at the Mobile World Congress in Barcelona on Tuesday.

“They’ve invested in Africa while the European vendors have been hesitating.”

Africa has so far been free from US pressure and has become a fertile ground for Huawei. Beijing has recently developed cordial bilateral ties with many African nations, paving the way for Huawei to lead 5G roll out in the continent without hassles.

After all, African countries are not concerned about the national security threat that the US has warned that Huawei poses, although the company has repeatedly denied it has ties with the Chinese military that could pose a national security risk to countries where it operates overseas.

Some countries, such as Britain and Sweden, had banned the Chinese vendors outright, while others have encouraged telecom operators to opt for European suppliers, particularly in the core parts of their networks.

“It’s not only the pressure from the government – we are European citizens and share the concern,” Richard said in an interview on the sidelines of Mobile World Congress. “We can’t ignore the fact that the big Chinese players are close to the Chinese state.”

Ericsson and Nokia have steadily taken market share from Huawei and, late last year, Orange’s Belgian division decided to progressively replace Huawei equipment with kit from Nokia.

The Orange CEO also showed willingness to use gear from South Korea’s Samsung, which he described as an alternative to the “China vs. Europe debate”.

Samsung signed Vodafone as its first European customer earlier this month as it tries to enter a market dominated by Nokia, Ericsson and Huawei.

“We’ll need time and additional investment to build new standalone networks with multiple vendors,” Richard said. “The fact is that in Europe today developing 5G networks with Chinese vendors is more and more difficult – we take this as a reality.”

While Swedish Ericsson and Finish Nokia are cashing in on Huawei’s misfortune in Europe and North America, the Chinese vendor sees a lifeline in Africa and South America, where the Chinese government has considerable interests protected by its growing influence.

But most African countries are dragging feet in their 5G roll out, limiting the scope of Huawei’s potential market in the continent.

Messi is No Longer a Barcelona Player, And the Club Faces Hurdles Re-signing Him

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Stars like Messi are the attraction

Lionel Messi’s contract with FC Barcelona expired in the midnight of June 30, making him a free agent and further hyping the speculations that have surrounded his future.

Since last year when the Argentine astro sent a burofax to the then club’s president, Josep Bartomeu and his board, saying he wants to leave Barcelona, one of the greatest tasks of Barca has been how to keep Messi at Camp Nou beyond June 30 2021. While the brouhaha that followed his decision to leave his childhood club has died down, Messi’s future remains unsettled and Barcelona doesn’t seem to have a grip on it yet.

A lot of changes have followed Messi’s decision to quit Barcelona. The Catalan side, in a bid to appease its greatest asset, has called for election, elected a new president following the resignation of Bartomeu, orchestrated by Messi throwing in the towel.

The new president, Joan Laporta has vowed to offer Messi a new contract he can’t resist, but there have been obstacles. Barcelona, like every other club in Europe has been dealt a financial blow by the pandemic, limiting its financial capability to retain Messi with a mouth-watering new contract. Messi’s agent and father, Jorge Messi has been communicating with Barcelona with the aim of getting the six-time Ballon D’or winner to sign a new contract, but the inability of the parties to reach an agreement before the expiration of Messi’s contract has further compounded the situation.

Messi becoming a free agent means that Barcelona will have to re-sign him, and he will have to register with La Liga as a new player with the club. That increases the chances of other clubs wooing him over. Also as a new signing, Messi, whose wages are far above average, will have to be fit into the framework of La Liga’s financial regulations by Barcelona.

The Spanish football authorities have been working to tame high financial spending by clubs jeopardizing fair play. Earlier, La Liga president Javier Tebas had warned Barca to reduce its wages or they won’t be able to register Messi ahead of the 2021-22 season.

In addition, Messi said last year in a tell-all interview with Goal, that he tried to leave Barcelona because there is no project, which has resulted in the club losing its form and many trophies, (Champions League and La Liga) among other competitions. Though Laporta promised that Barca will embark on projects that will see a new team built around Messi, the club’s financial status is posing a challenge to his ability to fulfill the promise and Messi needs assurance that there will be projects.

The 34 years old is currently with Albiceleste, Argentine’s national team in Brazil, where the 2020 Copa America is taking place whilst his future in Barcelona is being negotiated. There is optimism that Messi will commit his future to Barcelona by signing a new contract, but the complexities surrounding the new contract opens him up to other possibilities.

Tekedia Congratulates Our Faculty For Winning Microsoft MVP – Business Applications

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The category-king enterprise software maker with a market cap of $2 trillion has honoured him as the 2021 MVP Global Administrator. Yes, Microsoft does not do that easily. You must be really brilliant to receive that honour.

He is extremely amazing at the mechanics of automating businesses. When you talk about the zen-masters of modern productivity and automation in the world, within the Microsoft ecosystem, Tekedia Institute faculty Olanrewaju Oyinbooke, MCT, mMBA is the king.

A first class graduate of statistics of the University of Ilorin, he brings uncommon perspectives to basic simple things.  From all of us at Tekedia Institute, we congratulate Olanrewaju,the best.

Congratulations Faculty. Many college students appreciate the course you developed on workplace productivity and automation.

Beyond The World Bank’s Alarm on Nigeria – Lost Decade of Economic Growth

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It is a very tough call by the World Bank: “The international bank made it known that the country’s gross domestic product is likely to approach its 2010 level by the end of the year thus reversing a full decade of economic growth.” But that is not the full story before you begin to blame Buhari.

Two things: (1) there is no need for finger pointing on the World Bank’s latest Nigeria Development Update (2) while President Buhari has a partial blame for driving Nigeria into a mild recession due to his exceedingly and unnecessarily delays to appoint ministers in 2015/2016, he cannot be held responsible for all the paralyses. 

The fact is this: Nigeria is at war and during wars, especially when fought in your homeland, you struggle.  While our researchers are yet to do the needful, my layman’s estimate is that Boko Haram insurgency has, through its cumulative effects, subtracted at least 3% per year in Nigeria’s GDP since 2014. That 3% comes via opportunity cost, moving money from education and infrastructure to fighting wars, and also through massive displacement of farming communities. Agriculture remains the mainstay of our economy and accounts for the largest share of the GDP. So anything which distorts farming will affect the economy.

If our near-term GDP suddenly falls back to 2010 number, in US dollars of course, it means poverty will be scaled since our population has grown over the same period. So, if economic opportunities are growing or shrinking when the population is growing, we will suddenly find ourselves in the Rev Malthus quagmire (remember you secondary school economics).

My suggestion is this: Nigeria needs to refresh its economy through investment in the future, and if we do that, we can ignite growth. From my angle, there are many ways we can do this. But I will simply share one: commit to purchase military and other necessary things from Nigerian companies. If we commit to that, we can develop new industries and magically as we fight these wars and insecurity, we can capture “value” by seeding companies of the future which can serve Nigeria and Africa in general. Today, the opportunities which the war has offered us to innovate and think differently are not being utilized. That is a bigger war we are losing!

The Nigeria Development Update (NDU) report by the World Bank estimated that despite the country’s gradual recovery from the 2020 recession, Nigerian masses will continue to suffer the adverse effect of the economic downturn.

A new report authored by the World Bank says a full decade of economic growth in Nigeria is likely to be lost by the end of 2021 under President Muhammadu Buhari’s administration.

The international bank made it known that the country’s gross domestic product is likely to approach its 2010 level by the end of the year thus reversing a full decade of economic growth.

The bank in its bi-annual Nigeria Development Update (NDU) report series said that there will be a constant decline in the country’s GDP per capita despite recovery from recession, projecting the country’s population to grow faster than its economy.

The NDU report by the World Bank estimated that despite the country’s gradual recovery from the 2020 recession, Nigerian masses will continue to suffer the adverse effect of the economic downturn.