Tekedia Capital is on the path to bring Foreign Direct Investment into Nigeria in $millions this year. In short, the best export Nigeria has is the Diasporas and it is time we put efforts to harness their capabilities and resources. I am truly honoured that we began this mission, to connect the Diasporas to fund the NEXT Nigeria and Africa. Yes, your $change can help build communities and your nation in Africa.

People, Nigeria needs to communicate a higher purpose and connect its citizens, home soil and in diaspora, towards building a nation. Yes, it is easier to mobilize people to go to the moon than to dig a ground. From our data, I now believe that any governor or federal government that develops and executes a great diaspora playbook will outperform.

Abundance is with the Diasporas Nigeria; Nigeria needs to build bridges to get them connected to building the nation. Tekedia Capital is a fintech company and our focus is on investment syndication.  Learn more here.

What just happened here? “Cristiano Ronaldo’s removal of Coca Cola bottles at a Euro 2020 press conference on Monday was followed by $4 billion being knocked off the company’s market value. Ronaldo was speaking at a press conference ahead of Portugal’s game against Hungary on Monday when the soft drinks were placed in front of his seat. The 36-year-old removed them from view and said that people should ‘drink water’ instead. The gesture coincided with a significant impact on Coca Cola’s market value,” notes the theathletic.

Coca Cola is one of the world’s leading advertisers but here it used its money to pay for an own goal (as in football). Yes, when a football god scored against you, in the minds of a generation, you could be imperiled.

Coke is not a bad product. People need to consume EVERY legal product moderately and in order. Yet, Coca Cola needs to understand that with virality in this age, change will not come from politicians and governments, but through conscious efforts by companies to do the right things.

So when a brand is worried that its money could be used to destroy its value, you will see CHANGE. Coke has served the world but it is evident that it is losing the next generation; it should worry about that.

Yesterday was amazing as a Microsoft manager took us to an excursion on strategy and business execution. Tomorrow,  Aderinola Oloruntoye is going to focus on Design Thinking. The ex Digital Transformation & Innovation Lead in West Africa for software giant, SAP,  brings the connection between design and innovation.

And the most amazing: an European bank which sent staff to Tekedia Mini-MBA asked Tekedia to drive a project, and he delivered with the team for the Institute – thanks Aderinola for making this small school stand before giants. Then on Saturday, I will close the week with “Building Great Companies and Brands”.

• Thur, Jun 17 | 7pm-8pm WAT | Design Thinking – Aderinola Oloruntoye, Dean, Workforce Group
• Sat, Jun 19 | 7pm-8.30pm WAT | Building Great Companies and Brands – Ndubuisi Ekekwe.

Zoom links in the Board.

Tekedia Institute school.tekedia.com >> Learn from the best.

Fatura, a Cairo-based B2B ecommerce marketplace, has secured $3 million in a pre-Series A round led by Sawari Ventures and Arzan Venture Capital. The deal also included Egypt Ventures, EFG-EV, Cairo Angels, and Khwarizmi Ventures. In July 2020, the company raised an unknown amount of money in a seed round.

With this financing, Fatura will be able to expand its services beyond e-commerce and digital financing, allowing it to optimize the interchange of products, money, and information in the B2B environment while concentrating on ease and user experience.

“There is a great opportunity in the B2B space in Egypt, that is growing as the players are becoming digitally mature and ready. Collectively, the digital B2B players in the FMCG space capture less than five per cent of the market and there is a long way to go. Our conviction is to stay asset-light, be inclusive to all the industry stakeholders and to attract the best on-ground acquisition force across the country,” Hossam Ali, Fatura’s CEO, said in a statement.

Fatura has established a solid basis and infrastructure for monetizing its data and services. New services to serve the many actors in the company’s ecosystem, such as manufacturers, wholesalers, and retailers, as well as diverse digitization projects with an emphasis on digital payments and regional development into new markets, are among the company’s future ambitions.

“Fatura’s existing infrastructure has enabled them to expand their offerings to new customers,” commented Hany Al-Sonbaty, Managing Partners at Sawari Ventures, adding that, “the team has demonstrated that they have the vision to identify new opportunities and the prowess and agility to implement and deliver. We are excited to become part of their journey.”

“Being part of Fatura’s success story is exciting for us. The FMCG industry is in need of Fatura’s product, which will solve many challenges faced by small retailers. Also, its fintech angle complements the core product and enables retailers to scale their business further with less working capital constraints,” Hasan J. Zainal, Managing Partner of Arzan Venture Capital said.

Khwarizmi Ventures recently participated in Egyptian ecommerce logistics startup, Bosta’s $6.7 million Series A round.

The B2B marketplace began in late 2019 and has already exceeded 1 billion EGP in annual GMV, and that’s just in the FMCG industry. The Fatura smartphone app links wholesalers and manufacturers with retailers across a wide range of sectors. The company has been functioning in the FMCG market and is now experimenting with other industries.

The firm has also expanded its reach to more than 25,000 stores and 500 wholesalers and manufacturers throughout 20 governorates, exchanging more than 10,000 SKUs in the last year. Fatura also pierced the surface of financial services by offering digital lending with a focus on retail financing, with plans to expand its retail financing offerings in the near future.