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Jhaki Enters Nigeria’s Logistics Sector with Technology Differentiator

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Nigeria has an infrastructure paralysis which makes the cost of goods manufactured domestically, and  those imported into the country, very expensive for the final consumers, due to dilapidated roads across the country, and an inefficient rail network which seems to have no sustainable solution.

Jhaki.com is a digital platform which provides a holistic last mile delivery of goods from manufacturers and importers within the country, by connecting them with truck owners and other carriers. It offers advanced booking, real time tracking, proof of delivery, automated receipts and a fair pricing structure.

Jhaki is a platform that connects shippers with carriers. With unmatched capabilities we reinventing freight transportation in Nigeria and sub-Saharan Africa with real-time tracking of cargo, transparent pricing and access to a rich pool of verified carriers. Our experienced professional team solves the industry’s biggest problems using the best technology available in order to promote connections with carriers.

It seeks to empower carriers by intelligent delivery of freight, and hopes to unlock opportunities for shared prosperity in Nigeria’s logistics industry while offering shippers to book affordable, reliable and high quality services.

According to Brainerd Odiete its Co-founder, Jhaki hopes to offer the best customer experience with cutting edge secure technologies to meet and surpass the expectations of customers. The key differentiator between it and the competition is the multi freight delivery option through roads, rail and inland waterways.

This is a game changer because an importer or manufacturer can through the platform have his goods delivered from Lagos to Onitsha, through the waterways, which is the best and cost effective option as a result of the River Niger and Inland port there, due to the bad state of roads in the Eastern region, and lack of rail access from other parts of the country.

Jhaki should deploy Zenvus Loci to improve its technology capabilities.

Facebook Accelerator Nigeria unveils the 12 startups in 2019 cohort

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Following the successes and impact of the first season of its research and mentorship-driven accelerator programme, Facebook Accelerator, Nigeria, Facebook has announced in partnership with Co-Creation Hub, the commencement of season two of its programme which is aimed at supporting and empowering students and entrepreneurs to build locally relevant solutions using advanced technology.

For the first time, applications for this year’s programme stretched beyond Nigeria, and included Ghanaian innovators. The final teams, made up of eight startups and four student teams, will be part of a six-month program which aims to aid innovative and visionary applicants in creating solutions with advanced technologies. The research and mentorship-driven program will provide the teams with access to product and industry experts, as well as deeper knowledge in how to optimize solutions which leverage technology such as Artificial Intelligence (AI), Internet of Things (IoT) Data Science, Augmented Reality (AR) and Virtual Reality (VR).

Like its first edition, this year’s bootcamp was held at Facebook’s flagship Community Hub space, NG_Hub. The student teams taking part will be provided with equity-free funding of $10,000, whilst the Startup teams will be provided with $20,000 in equity-free funding. Both teams will also have access to technical and business mentors from the Facebook and the CcHUB network as well as free working space at NG_Hub.

These are the teams selected into the 2019 cohort: 

Appruve: a financial data API, used by financial services to onboard and verify the identities of their customers in order to analyse transaction data from bank and mobile money account.

VNTS: VNTS is a consumer devices manufacturing and software/platforms company, actively innovating hardware solutions tailored to solve internet connectivity issues.

Chekkit: Chekkit eases asset tracking & consumer intelligence for food, beverage & pharmaceutical product producers/distributors through anti-counterfeit services by labelling products for smart and traceable authentications from the warehouse to final consumer.

Curacel: Curacel is an intelligent platform that fast tracks claims processing and detects fraudulent claims for health insurance companies.

Simbi Interactives: Simbi Interactives is an ed-tech startup that is solving the problem of poor education in Africa by making quality education available, affordable and accessible to all African students using maieutic learning.

Haulr: An IoT and AI-powered platform that tracks trucking operations in real-time to curb illegal hauling & theft of cargo, while boosting efficiency & communication among logistics stakeholders.

VMEDKIT: Vmedkit is a social enterprise with a mission to increase access to mental healthcare by leveraging Virtual Reality Exposure Therapy (VRET).

Gradely: Gradely is using analytics and data-driven recommendations to help schools and parents intervene in real-time to children’s learning gaps through weekly adaptive homework tests.

InventOne: InventOne is a platform that allows hardware engineers, enthusiasts and hobbyists build and deploy IoT solutions with little to no code written – via a graphical programming interface.

Mus-comm Spill-Sat: Spill-sat is an oil spill, gas leak and vandalization detection system. It uses a balloon satellite to collect aerial data that is processed and used to provide real-time analytics to oil companies.

G E S A L: GESAL uses visual learning to offer quality education at a low cost to secondary school students leveraging AR to visualize complicated diagrams in 3D and deploy virtual laboratory tools.

Vinsighte: Vinsighte computer vision and sonar technology to aid the visually impaired in navigating their environment independently and read books conveniently.

Souce: CCHub [Press Release]

Knowing Your Business and Making it Successful

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Making a Business Successful

Doesn’t everyone want a successful business? Surely they want to be successful, but to follow a successful path, a person needs to have an almost flawless knowledge of their business and all of its good points and bad. 

By knowing your business inside and out, you will be better at making decisions for it and change it to be a better performer, producer, or negotiator. A business owner is a person to whom all the critical decisions point. Nothing can happen without his or her permission. This is especially true with a new business when everything is running much more stringently than a well-run company that has been on the business block for a hundred years. 

You do not want to make a mistake as a business owner when it is tax time. If you know you are an LLC, but you have part of your business that is really just part of your project and you want to keep it separate from your business, you need to have answers to these questions, “What is a disregarded entity and what makes it different from an LLC?” No one can decide this for you. You have to tell your tax adviser that part of your business may end up as part of the company. The IRS may note it and send back your tax forms and delay your financial year for several months because of something you could have avoided by making the right decision at first.

A Strong Political Climate

Making decisions during a robust political climate where a political party is rising and having employees of all parties in your organization may be a tough situation. What is equally painful is deciding gun carry laws at work. You cannot decide what employees do off the clock, but you can decide what is tolerated at work and how to communicate effectively to employees who are unwilling to let you run the business your way? 

You will need to make big decisions about what employees stay and what employees will be laid off when a substantial downturn happens. You might need to let part of your organization sit out for a while because of funds, most of them with families at home. There are no easy solutions.

Looking to the Future

Every owner will have to make decisions for the future of the company. These decisions could be whether they will stay in this part of the city, move, or open a new branch in another part of the city or state. All of these questions can weigh heavily upon a first-time owner, and sometimes they need to call in a much more experienced person to help with these decisions. 

A business consultant can help ad several dimensions to a business even if they are used only once or twice a year at critical moments of growth for the company. A business consultant has an extensive knowledge and experience in the business world and has, or is, managing a successful business. 

Knowing Your Employees

A successful leader in a business will need to be able to lead all kinds of people. They will also get to know them well without prying into their life. A good leader needs to be inspiring, but not pushy; know his goals, while not forcing those goals on others; be confident in what his business can do, and lead by example. A good follower becomes a good leader, and a good leader becomes a good motivator in time. 

Because a good leader is in touch with their own ways to be motivated, they are sensitive to others around them who fail to be excited or fail to drive themselves in any direction. It becomes a concern. 

A good leader knows his employees well enough to find out what motivates them. Do they work only for money or do they have long-range career goals? Do they have a family? One person may want to see his father taken care of now that he is older while another has problems with her brother or sister who has turned to drugs and needs help in entering them in a rehabilitation program. A wonderful trait of a good leader is knowing who he is leading and how to help.

The Amazon Effect Breezes Forever 21 Into Bankruptcy

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On Sunday, Forever 21 joined the increasing list of retailers who have signed off in business as a result of ever growing oppression of e-commerce giants. Mainly, Amazon and Alibaba.

The 35 years old clothing retail company filed for bankruptcy in the face of overwhelming struggle to stay in business. Forever say it’s closing its 178 stores across the US.

The “fast-fashion” firm Forever 21 has filed for Chapter 11 bankruptcy protection. It wants to close up to 178 U.S. stores, though it does not want to leave any major markets in the country. If the plans go through, Forever 21 would mostly pull out of Asia and Europe, while continuing operations in Mexico and Latin America.

“We have requested approval to close up to 178 stores across the U.S. The decisions as to which domestic stores will be closing are ongoing, pending the outcome of continued conversations with landlords.” The company said.

Forever 21’s bankruptcy filing adds its name to the growing list of retailers that have bitten the dust this year, including Barney’s, Payless Shoes, Gymboree, Sugarfina, Innovative Mattress Solutions and more. In Forever 21’s case, “fast fashion” these days seems to refer to how quickly fickle consumers abandon once popular brands, noted Fortune in a newsletter.

Forever 21 is operational in 57 countries and plans to shut down activities in most of its outlets in Asia and Europe. The company said it would close all 14 stores in Japan at the end of October.

The bankruptcy also affected its businesses in Canada. The company said it is taking down 44 stores in the country. Only Mexico and Latin America stores are allowed to function in the drastic decision.

The incessant dwindling in sales despite some financial backing suggests that the company needs a new approach. Forever 21, received $275 million in financing from its existing lenders with JPMorgan Chase Bank, N,A as agent. And there was another $75 million in new capital from TPG Sixth Street Partners.

More than 20 retailer shops have succumbed to the forces of online shopping giants since 2017, in the US alone. And the remnants are struggling to find their feet doing what they have always done.

Forever 21, believes the tradition is no longer sustainable, for the company to survive the intimidating threat of big e-commerce companies, it must do something differently.

Developing countries that are providing lifelines to retailers because of their conventional shopping pattern have been, recently, implementing cashless policies that will spur the e-commerce culture. Countries like Nigeria are gradually adapting, and retail shops are feeling the boom.

In developed countries where Amazon and Alibaba reign, many believe that the survival of retailers depends on expanding to countries where the e-commerce giants don’t exert much influence. And Africa stands in the center.

The cost of shipping is a deterrent to many would be buyers from Amazon, leaving retail stores as an alternative.

Therefore, the restructure that Forever 21 acknowledged it needs will only be effectual if they are thinking in the direction.

SERAP’s Open Letter to Buhari for the Implementation of Judicial Financial Autonomy Report.

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The Social Economic Rights and Accountability Project (SERAP), has sent an open letter to President Muhammadu Buhari urging him to publish and fully implement the recommendations of the report on financial autonomy of state legislature and the judiciary.

The social economic rights group took the step in light of the frequent disobedient to court orders by the Federal Government.

It is believed that somehow, the Federal Government is commanding some economic influence over the judiciary, which is against the principles of separation of power.

SERAP, in the letter signed by its deputy director, Kolawole Oluwadare, thus urged president Buhari to use his office to promote accountability and judicial independence by publishing the report he received back in June. The letter reads:

“In the context of a growing attack on the country’s judiciary by the authorities and politicians, the full implementation of the report will contribute to improving judicial independence, and respect for constitutional principles of separation of powers and systems of checks and balances designed to prevent political interference and ensure respect for the rule of law.”

“Equal treatment before the law is a pillar of democratic societies. But when judicial financial autonomy and by extension, independence and sanctity is undermined, the scales of justice are tipped, and ordinary Nigerians suffer. In fact, when judicial autonomy and independence is under siege, everyone loses, as the voice of the innocent goes unheard, while the guilty continue to act with impunity.”

“The failure to publish the full recommendations of the report and to begin to implement them has continued to undermine the country’s judicial systems, and deny citizens’ access to justice and basic human right to a fair and impartial justice system.”

“Ensuring the financial autonomy and independence of the courts would improve the ability of our judicial systems to deliver justice effectively and efficiently. it would also allow the court to jealously guard the rights of innocent men and women, and ensure that the guilty receive a fair and impartial hearing, as well as remove the dangerous possibility of summary justice.”

“We urge you to ensure full respect for the rule of law and due process in words and actions.”

“A financially autonomous judiciary is crucial for the effectiveness and success of your anti-corruption agenda, and important for the realization of citizen’s human rights. Unless the report is fully implemented, trust in the court’s impartiality and independence will continue to be eroded, and the core judicial functions, access to justice, and the broader accountability function of the judiciary, will continue to be undermined.”

“A weak judiciary would mean that impunity for corrupt officials will remain, as the ability of our government and ant-corruption agencies to prosecute grand corruption, as well as public trust and confidence in institutions of government and public officials, will continue to be undermined.”

“SERAP is extremely concerned about the growing attack on the independence of the judiciary and the sanctity of our justice system, particularly the repeated failures by your government, state governments and politicians to respect and comply with court decision and orders.”

“SERAP notes that you received in June 2019, the report of the Abubakar Malami-led presidential Implementation Committee on Financial Autonomy of State legislature and Judiciary. The committee, inaugurated by you on March 22, 2019 was tasked to fashion out strategies and modalities for implementation of the financial autonomy of the state legislature and judiciary, in compliance with section 121 (3) of the 1999 Constitution as (amended).”

“When you received the report, you stated that, ‘I went through a terrible time getting here for the three times I contested elections. That is why I want to stabilize the system so that others will not pass through the same experience.”

“This worrying situation threatens to undermine the judiciary’s fragile independence, and the sacred constitutional principles of separation of powers and systems of checks and balances.”

“Continuing refusal to respect and obey court decisions and orders if not urgently stopped will lead to increased corruption and impunity. Disobedience of court orders is an implicit interference in the judicial system, and shows a flagrant disregard for Nigeria’s constitution of 1999 (as amended) and international obligations. Persistent disobedience of court orders and decisions threatens any gains in the fight against corruption that your government may have recorded.”

“SERAP is concerned about the growing list of court orders and decisions that have been flagrantly disobeyed by your government, the most recent being the order of justice Taiwo Taiwo, Federal High Court, Abuja granting bail to the publisher of SaharaReporters, Mr. Omoyele Sowore, and the reported attempts by your government to drag Justice Taiwo before National Judicial Council (NJC) on account of his decision to grant bail to Mr. Sowore.”

“Other high-profile judgements your government is refusing to obey include at least three judgements obtained by SERAP. The first is the judgement by Justice Hadiza Rabiu Shagari ordering the government to tell Nigerians about the stolen asset it allegedly recovered, with details of the amounts recovered. The second judgement, by Justice Mohammed Idris, orederd the government to publish details on the spending of the stolen fund recovered by successive governments since the return of democracy in 1999.”

“The third judgement, Justice Chuka Austine Obizor, a professor of law, ordered the government to publish details of payments to all defaulting and allegedly corrupt electricity contractors and companies by the governments of former president Olusegun Obasanjo, former president Umaru Musa Yar’Adua, former president Goodluck Jonathan, and your government.”

“Another court order that is yet to be complied with is the order for the release of Islamic Movement of Nigeria leader, Sheikh Ibrahim El-zakzaky and his wife, Zeena , from unlawful detention, obtained by human rights lawyer and Senior Advocate of Nigeria, Femi falana.”