Tekedia Capital will have an Open Session on May 29, 2021 at 4pm WAT on Zoom to answer questions on Tekedia Capital syndicate & membership, early stage investment in Africa, sectors and opportunities, market drivers and the broad topic of seeking alpha within entrepreneurial capitalism.
Tekedia Capital offers a specialty investment vehicle (or investment syndicate) which makes it possible for citizens, groups and organizations to co-invest in innovative startups and young companies in Africa. Through our syndicate, you can invest in amazing Africa-focused early stage technology-anchored startups. Email (our email is capital@fasmicro.com) for the Zoom link and learn more about Tekedia Capital here.
More so, Tekedia Capital Demo Day for Q2 2021 is June 12. That one is restricted to only members of our syndicate. Membership costs $1,000 or local equivalent per year. If you join, you will receive access to startups we will co-invest in this quarter. They include insurtech, fintech, healthtech, energy-tech, autotech, etc startups.
Everywhere the music remains that the new oil is data. And it has been noted by professionals and academics that businesses that embrace data-driven culture will always stand tall in terms of creating and delivering tailored value to every stakeholder. The preliminary result of our analysis of real estate market landscape in Nigeria shows that the market is mainly concentrated in Lagos, Abuja, Port-Harcourt and Kano when one considers expected formalised processes for operational activities in the market.
However, as our earlier report Ibadan Data Economy shows, it is clear that Ibadan is gaining some level of traction in modern means of curating, mining and refining data for developing solutions to various socioeconomic challenges. From traditional to modern research approaches, small and big data can be collected, analysed and drawing insights for smart decision making.
Harvesting small data through traditional research approaches such as survey, in-depth interview, experimental, observation among others, have the capacity of increasing developers, realtors, investors, engineers, builders and prospective homeowners’ knowledge about where to find land, what to build, how to build it and how to price including marketing it. As good as the traditional approaches in getting the needed data, they are mainly limited to what they can collect in static time, a deficit, which numerous modern data collection tools such as Google Trends, Hadoop, Apache, MapReduce among others are eliminating.
As people demographics keep changing and the city experiences new developments, it is time for the stakeholders to prioritise decision making with the adoption of the two data categories. This means placing the city along with other developed real estate markets in the country and possibly getting it ahead of them.
As it is being done in other developed markets in Nigeria and other countries, land acquisition, building, marketing and selling, and maintenance decisions need to be made after exploration of large datasets that encompass both demographics and psychographics of every stakeholder. In the developed markets, “home prices are not just driven by having nearby grocery stores. Rather, they are driven by access to the right quantity, mix, and quality of community features.”
When traditional approaches are employed mostly, they have the tendency of drawing hypotheses needed towards the choice of alternatives before making a decision difficult. Available information suggests that “resident surveys, mobile phone signal patterns, and reviews of local restaurants can help identify “hyperlocal” patterns—granular trends at the city block level rather than at the city level.” Digging and using big data will also help in averting risks associated with land acquisition, construction, marketing and selling, and maintenance of varied real estate products.
Additional reports by Mubaarak Abdulhameed [a Builder and Quality Engineer] and Mariam Akanni [a Real Estate Marketer]
We welcome Blacklistng and CEO Ayoge Teresa Bassey to Tekedia Institute. Thank you. The firm, Blacklist, was created to serve as an alternative database for chronic debtors, defaulters and fraudulent people as reported by verified registered Nigerian businesses. As a registered lender, your organization can have access to data in the Blacklist especially when the need to verify the status of prospective borrowers, beneficiaries or customers arises.
Blacklist is hosting an event for lenders and the broad fintech community as follows:
Theme : Lending 2.0 Emerging tools and opportunities for Fin-tech lenders
Date: Friday, 28 May 2021
Time: 4 PM
Location: Flutterwave Office , Venia Business Hub, Plot 8, The Providence Street, Lekki, Lagos
Good People, join me to welcome Blacklistng, CEO Ayoge Teresa Bassey and the team to Tekedia Institute. Over the next few weeks, we will be co-learning and co-sharing with this special database company.
Blacklist was created to serve as an alternative database for chronic debtors, defaulters and fraudulent people as reported by verified registered Nigerian businesses. As a registered lender, your organization can have access to data in the Blacklist especially when the need to verify the status of prospective borrowers, beneficiaries or customers arises.
I also invite you to join the team as they discuss the emerging tools for the lending and broad fintech universe on Friday, 28 May 2021 at 4 PM WAT. Register FREE here https://lnkd.in/gCVW_Bq
One sign of a failing administration is when you see people that ought to correct perceived abnormalities in a system, decisively concentrating efforts in destroying institutions that they neither have a better alternative for, or can make it work better to achieve set goals.
How do you begin passing a bill to scrap the ONLY institution that brings the entire educational system of a nation together? A system that have continued to survive the fragmentation of the Nation?
If not for the NYSC scheme and considering the uneven distribution of factors of production in Nigeria, Oghenero who just graduated from Delsu will not voluntarily agree to go take up a teaching assignment in a faraway Zamfara village that seldom boosts of quality teachers in their rural schools.
Also, it is on record that some of the few credible elections conducted in Nigeria abundantly sourced their organizers from the pool of the NYSC scheme.
And believe me, a large chunk of the Nigerian youths that passed through this scheme earned ideally earned their first salary from this scheme, which transcended to a sense of worthiness for them, whereas, so many are yet to find such an engagement that will earn them such a living till date.
The NYSC scheme has continued and remains the only institution that has continued to build in the mind of the Nigerian graduate a sense of national interest and togetherness. Is it not on record that most schools in far-reached States only get to see economic boom and witness quick educational heights during the influx of the NYSC participants?
In many organizations, agencies, parastatals and several other States and Federal civil commissions, these NYSC assignees continues to inject fresh ideas, technological innovations into their day to day undertakings.
Against all odds, the scheme continues to be a breeding ground for the discovery of talents hitherto not seen while in the academic environment because, at this level, participants are prepared for the market and on how to become self-sufficient and contribute to the development of their immediate communities, States and the nation as a whole.
At this junction, is it not imperative that the Acts that set up this scheme be revisited and the obsolete portions be expunged and then replaced with current trends? I once again, leave this with the relevant body saddled with this onerous responsibility (the legislative arm of government) to take a rather cursory view of this issue and make necessary adjustments, all in a bid to ensure that this scheme that have benefitted the Nigerian graduate and succeeded in bringing the National interest to bare be rescued.
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has revealed that Nigeria will launch a digital currency. With this, Nigeria tracks other nations which plan or have launched digital currencies. China is expected to roll out thee-yuan, its digital currency, at scale, later in the year. The United States has also started work one-dollars.
The apex bank boss revealed this plan during the 279th MPR meeting held today in Abuja- “We are committed in the CBN and I can assure everybody that digital currency will come to life even in Nigeria” – Nairametrics reports.
He said, “We have carried out our investigation and we found out that a substantial percentage of our people are getting involved in cryptocurrency which is not the best. Don’t get me wrong, some may be legitimate but most are illegitimate.”
Under cryptocurrency and Bitcoin, Nigeria comes 2nd while in the global side of the economy, Nigeria comes 27th. We are still conducting our investigation and we will make our data available.”
Emefiele voiced his concerns surrounding digital assets using the CEO of Tesla, Elon Musk’s uncertainty as an example.
“We saw the market collapse. Initially, when Elon Musk tweeted around the time when we said our banking and payment facilities are no longer available for cryptocurrency transactions and he tweeted that he will invest $1.5 billion and the price (Bitcoin) went up. He now tweeted and raised a few concerns and the thing (Cryptocurrency) plunged.”
To a large extent, this is what we are asking: if you must ban crypto in Nigeria, provide an alternative to Nigerian youth. Now, CBN has copied, loud and clear. Make it happen, big boss.
Comment: Bold move, but is it truly a right direction in the current state of things? Africa needs a continental currency and if digital the better. China is pegging their new digital currency against their strong Fiat currency, if Nigeria has to peg it’s e currency against the naira, the solution is similar to putting old wine in new skin.
A united Africa being led by one unique currency is what Nigeria should be pushing for and working towards. Not another opportunity to spend money on flamboyant projects that we know technologically our governments cannot maintain effectively.
It is strange, because I do not see any private sector stakeholders giving this move a thumbs up, as it is not in any way going to resolve the import export problems plaguing the Naira. Rather is will only cause more problems for the economy managing two currencies when they cannot reconcile the local black market and the CBN dollar rate for banks.
This is not a smart move by any common sense reasoning based on the current state of things within the nation. My two cents
My Response: Great points. Crypto will not save Nigeria. Factories (old type and modern versions like startups) and warehouses will remain the solutions. Yet, doing nothing is not an option because a new currency is emerging and if we want to predict the future, we have to create it.
