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Tekedia Institute Unveils Tekedia CollegeBoost for Schools

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Starting tomorrow, our first university partner will onboard its students for Tekedia CollegeBoost. This management innovation program is structured to help university students master the mechanics of markets and management systems.

  • The Innovation of Firms (Part A): Four weeks
  • The Wealth in Nations (Part B): Four weeks

I have been to 103 universities in Africa; we do think we can support students as their schools prepare them. Tekedia CollegeBoost is a non-credit elective. To develop this series, Tekedia Institute worked with schools and students. 

Tekedia CollegeBoost mirrors Tekedia Mini-MBA, but it is more streamlined, and developed completely by the internal faculty of Tekedia Institute. It is open for schools, alumni groups, students unions, etc.

Tekedia Mini-MBA offers an innovation management 4-month 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.

Tell your school about Tekedia CollegeBoost today. Our contact is here.

Tekedia Mini-MBA: Practicability of An Inventive Society in a Co-Learning Space

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Some months ago, our analyst reported the emergence of Tekedia Institute’s mini-MBA as a possible disruption to the traditional ways of producing experts on business administration in Africa, and Nigeria in particular. In the analysis, it was reported that the Tekedia Institute will walk existing entrepreneurs and Nigerian professionals in sales, marketing, technology, administration, strategy, finance, etc through the innovation, growth and digital execution techniques. The entry of the Institute into the online teaching space was described as “a new sheriff is in town, time to disrupt the disruptors” by Francis Oguaju, a Business and Technology Advisor.

Infoprations Analysis, 2020

With the available data [comments of the participants], our analyst has discovered that the programme is indeed disrupting the learning space as participants continue having access to a number of professionals in varied industries as faculty members, who are co-learning with them [participants]. Analysis of 1,884 words from select comments of the participants indicate description and expression of feelings about the programme with the adoption of 687 unique word forms, which establishes their ability to communicate using distinctive words. Corpus analysis further shows that great, tekedia and invention have been used mostly by the participants and faculty members. We also found the use of group and product as dominant words [see Exhibit 3].

Examining the trends in the select comments, it emerged that participants and faculty members are sharing knowledge and ideas towards products/services creation and management. Analysis also suggests that both the participants and faculty members are working towards a number of ideas for growth and development in varied industries [see Exhibit 3 and 4].

Responding to one of the messages on invention, a participant notes that “…if these factors are giving your invention a low score, you need to change the market you are looking at. Move it somewhere else where similar inventions in that line of thought have been made and present it to the investors there. The market there will easily buy it and the investors will readily put their money down.

In summary, the market or investors do not determine whether your invention is innovative. It’s the level of information and the foundation of knowledge they had before your invention came that determines their level of connection with your work. To make people attracted to your innovation, build a foundation of knowledge, tell a story, make them know your line of thought, make them like similar works till it enters their dream. Then, they will trust you and your invention. This will make your invention more attractive and innovative to your audience. Thereby making investors put in their money because you have grown an audience that loves such kind of products.”

From the faculty members to the participants, our analyst notes that there are ability and capability to come up with ideas, designs and other strategic tools/templates for sustainable process and product/service development. Beyond the process and product/service, the learning space is also equipping participants what they need to survive personally and collectively in their respective industries or companies.

One of the unique values of the learning space is flexibility in communicating with the faculty members and sharing ideas and knowledge. With this, our analyst notes the learning space is showing that inventive society , we all crave for, is possible when less emphasis is placed on hierarchical structure for learning environment. Indeed, Inventiveness is more likely to occur if a society is less hierarchical since bureaucracy reduces creative activity.

Exhibit 1: Top Terms

Source: Tekedia Institute, 2020; Infoprations Analysis, 2020

Exhibit 2: Unique Terms

Source: Tekedia Institute, 2020; Infoprations Analysis, 2020

Exhibit 3: Discourse Trends

Source: Tekedia Institute, 2020; Infoprations Analysis, 2020

Exhibit 4: Link among the Top Terms

Source: Tekedia Institute, 2020; Infoprations Analysis, 2020

Tekedia Mini-MBA – “first practical/academic program…from the African lens”

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Just received this nice feedback from one of our co-learners. Tekedia Mini-MBA is the “first practical/academic program…from the African lens”. Yes, we are proud of our Faculty members. They are leaders in markets and industries.  As we prepare for our Career Week in November, I want to tell the community that amazing things are coming.

Cars45 Brakes Hard in Nigeria!

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It seems like a business pandemic and the virus may take time to get a solution vaccine. Yes, Cars45 CEO, and about 11 employees, left around the same time in the company, and the firm went out with a Public Notice with mugshots of the workers. Why did they resign about the same time? You may recall how Naspers invested $400 million in the European parent of Cars45. This is hard braking for Cars45; we hope the pad is not burnt. TC Daily explains.

Mind you, these were not some low level staff. Mohammed Iyamu is a co-founder of the business, and Olajide Adamolekun was the chief financial officer. Mayokun Fadeyibi, who was the VP Commercial, is an experienced executive with a PhD in Business.

What we know for now is that at least 8 out the 11 in the graphic (including Iyamu, Adamolekun and Fadeyibi) have joined former Cars45 CEO and co-founder Etop Ikpe in a new car financing venture called NewCo. We also know that Sujay Tyle, another Cars45 co-founder, left Frontier Car Group (Cars45’s parent company) last week.

It means three out of the car company’s four founders have signed off. The company insists there isn’t cause for alarm but we can’t help wondering what’s gone wrong with the wheels over there. (TC Daily)

Chekkit Partners with Fantom to Provide Anti-counterfeit Technology for Afghan’s Pharmaceutical Industry

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Chekkit, a Nigerian health startup designed to assist in the fight against counterfeit products, especially pharmaceutical drugs, has secured a partnership deal with Fantom Foundation in Afghanistan.

Founded in 2018 by Dare Odumade and Jide Asare, Chekkit uses anti-counterfeiting technology for supply chain tracking and consumer real-time feedback analytics. The company uses Unique ID labels – secured on the Ethereum blockchain network – and USSD or QR scanning to verify product authenticity and automate data entry.

Chekkit operates a B2B business model, helping companies in the food and drug business to track their supply chain integrity and protect their products from counterfeiting. So far, the company is operational in Ghana, Nigeria and Zimbabwe, where it offers other governments its services.

As its services help more companies to monitor their goods and products, and governments to fight counterfeit through the unique tamper-proof ID, Chekkit is exploring other markets beyond Africa, especially in countries with similar history of fraud and counterfeit products.

Chekkit’s Afghan partner Fantom, is a DAG-based smart contract platform with fast confirmation times. Their solution is built on Opera mainnet that provides fast and secure consensus capable of scaling to the high transactional throughput required to power a country’s entire healthcare system.

Africa and Asia are the continents with the highest rate of counterfeit products, and their respective governments have struggled to curtail it. Afghanistan, as one of the countries inflicted by the menace, is counting on the strategic public-private collaborations to curb counterfeit products, and the Chekkit-Fantom partnership has offered it.

“Over the years, we have seen several partnerships between progressive governments and innovative technology companies to tackle counterfeiting head-on, no holding back. A testament to the fact that a lot can be achieved with strategic public-private collaborations,” the partners said in a press statement.

With its record of hundreds of fake pharmaceutical businesses, Afghanistan is a country of interest for Chekkit services.

As of 2015, Afghanistan, with a population of 31 million, had a total of 450 foreign pharmaceutical suppliers registered with the health ministry. Compared to its neighbors, India which has a higher population of over 1.3 billion and only 100 foreign pharmaceuticals registered with the ministry of health, Afghanistan has an apparent problem of illicit pharmaceutical operators.

Consequently, the country’s Ministry of Public Health has signed a MoU with Fantom and Chekkit to help tackle the menace of counterfeit drugs using analytics and blockchain technology. The project, which begins in a 3-month pilot phase, will utilize Chekkit’s product authentication technology to track and verify all drugs sold in Afghanistan.

The Chekkit-Fantom partnership was initiated in November 2019, during the AfricArena Summit held in South Africa, where Chekkit was among the top three participants.

“Fantom was already in conversation with the Afghan Ministry of Health and brought Chekkit into discussion because our solution was advanced enough to tackle the Afghan counterfeit problem and the fact that Chekkit’s solution was built to work perfectly in developing countries was a huge plus as well. The partnership sees Chekkit’s solution deployed on Fantom’s DAG blockchain network,” the partners said.

The project will be executed through various means of checks and authentication in collaboration with the Ministry of Health, drug manufacturers and consumers.

Chekkit said each product will be labeled with a unique QR code generated through it software which contains information on each product like its authenticity, manufacturing date, expiry date, FDA number, manufacturer, distributor etc.

Afghan public can verify the authenticity of drugs by scratching Chekkit’s label to reveal the company’s QR code, which they can scan using the Chekkit’s app to confirm the authenticity of the product. The company said it has deployed a loyalty/reward system to encourage verification.

As part of its collaboration with the Afghan health ministry, Chekkit has provided special hand-held devices that they can use to verify the authenticity of products at the point of entries into the country.

Odumade says he is hoping that the double focus strategy of the project will make it “extremely difficult for counterfeiter to thrive” and at the end of the pilot phase, there will be deployment of Chekkit’s technology across board.

“Through this partnership, we will provide the pharma companies involved with valuable consumer insights and a reward program to encourage purchase and verification by buyers, as well as give the government/ministry a transparent view of the pharmaceutical market.

“On completion of a successful pilot, we envisage our technology being deployed across the board for all meds coming into Afghanistan.

“Finally, we will also deploy a supply chain tracking solution that offers 360-degree protection against counterfeiting. We plan that the supply chain tracking will be implemented in collaboration with manufacturers, distributors, and retailers,” he said.