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Business Idea #4 – Transforming Aba to Sell Fashion, Not Clothes and Shoes

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Aba shoes sector would grow with partnerships [source: technomy]

This daily series focuses on business ideas for those looking to launch new ventures in Nigeria (and Africa in general). The short ideas are archived here.

The Problem

Aba (Nigeria) is a makers’ ecosystem with extremely talented people in the broad fashion business. They design and make shoes, clothes, etc. These designers sell these items across Nigeria and increasingly beyond. However, they have no identity and that remains the weakest link.

The Opportunity

Aba designers can transition from small business owners into entrepreneurs. Entrepreneurs have the scaling capabilities and their ventures grow. For that to happen, Aba needs identities which mean Aba needs brands. Only brands sell fashion. Others sell clothes and shoes which are easily forgotten. Aba must create fashions, not items because it is evident that it needs the brands to even improve volume.

Action Roadmap

Establish a vehicle that will galvanize the different shoe, clothe, etc making entities into brands. Each brand will push for higher quality through better tools and training. Through strategic advertising and marketing, Aba will reach its promise. Read more here for some insights as you craft your roadmap.

Senator Dino Melaye (APC – Kogi) at Area 1 Bus Stop Abuja [Videos]

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These videos are troubling! A serving senator in a bus stop looking like a thug? I am not a fan of Dino Melaye but just for his office as a senator, it does not have to be this way. But hey, that is Nigeria. It is very painful to watch these videos.

The Aggregation-Integration Construct

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Here, I explained the Aggregation Construct using many case studies.  I am expanding it by adding the integration element in this video. Integration is a very important component of aggregation and without it, no one can achieve aggregation capabilities. Aggregation drives scalable advantage because of the relative low marginal cost it anchors.

I identify four types of elements in the aggregation construct system: demand, supply, platform and enabler. The platform is very catalytic to make these elements work seamlessly.

Looking at the construct, it is the unbounded and unconstrained internet that makes it possible, primarily because of immersive connectivity. By examining the relationships among demand, supply, platforms and enablers, I identify four categories of aggregators as shown in the table below.

This table is updated with examples from LinkedIn users

Looking at the integration part, I make a case that only the integration of customer relationship at scale within platforms can enable new basis of competition. And when new basis of competition is created, the outcome is typically disruptive at scale. The video is below.

Business Idea #3: Pan-African Aggregator for Mobile Money & Payment Networks

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This daily series focuses on business ideas for those looking to launch new ventures in Nigeria (and Africa in general). The short ideas are archived here.


The Problem

There are many mobile money systems in Africa. These systems are supported by banks, telcos, money transfer organizations, mobile money operators and broad financial institutions. Largely, these systems are disparate and disconnected from one another across Africa. Indeed, a system like Kenya’s M-Pesa is not connected to another mobile money system like Ghana’s Airtel Money at end-customer level.

The Opportunity

There is a clear need to link these mobile money ecosystems across Africa. In other words, there is a need for an aggregator that can integrate and link all these systems together. That way, someone with Airtel Money in Ghana can seamlessly remit and transfer money to someone using M-Pesa in Kenya in a way that location is eliminated with all compliance issues automatically handled by software.

Action Roadmap

Develop an API that will enable mobile money systems to become members of the aggregator system. Once connected, all their customers can then remit and transfer money across regional and national boundaries and borders while complying with all local regulations at receiver end. The aggregator system should support banks, mobile money operators, mobile transfer institutions, and companies with end-users in mind.