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You Think Obama Leads The Free World? Think Again, We Are All Lead By Algorithms. Ok, His Country Makes Good Ones

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Technology is the leader of the enterprising world. And it leads using a constitution. Unlike the traditional political structure, this constitution is Algorithms written by engineers, scientists, etc and not congressmen and politicians. The global competition is largely who has the best technical group to write the best one; in this regard, Algorithms that comprise of patents, technical processes, etc.

 

As a nation develops, adopts, applies and diffuses appropriately the contents of this constitution, it elevates the lives of its citizens. Economists have shown a correlation between Knowledge Economy Index (KEI), productivity and standard of living. The challenge is improving the KEI number. Those discussions on comparative advantage based on abundant natural resources seem superficial in this contemporary time.

 

The age of natural resources dominating global commerce and industry is gone. What matters now is creating knowledge and applying it. Some nations will create, others will merely consume. But wealth is concentrated at the creative stage and nations that focus on consuming, without creating technology will not prosper. Even with abundance of natural resources, which in many instances, the consuming nations cannot independently process without the knowledge partners cannot change this trajectory of limited national wealth without technology creation.

 

Let me illustrate using Nigeria where they speak the language of petroleum. In the petroleum industry, there are the downstream and upstream sectors. While the upstream focuses on exploration of crude oil, downstream does the distribution and marketing. The money is in the upstream sector, a major reason we have the foreign partners concentrated therein. That is where the knowledge creation is done and utilized in the industry. I am cautious to say, without the knowledge partners in Nigeria, helping to explore this crude oil, Nigeria cannot mine this product. Verdict: the oil will be there and of no tangible economic use. This will follow a pattern where villages have water underneath them but no drilling expertise to harness the water for cooking and drinking.

 

Similarly, Africa has embraced ICT, but we are just focusing on the downstream. We are not creating it and we will not benefit much from the technology economic benefits unless we move up on the pyramid. Upstream ICT will involve designing computing systems, cellphones, routers, device drivers, and all other infrastructures that enable ICT revolution. Instead of importing the latest cellphones, we will think how to design them.

 

How do we do that? We need fundamental changes in our national policies on technical education. That is the answer. I believe in knowledge and education creates it. Specifically, technical education is the engine that will move up the ICT movement from downstream to upstream operation as we expand our commitments on microelectronics, nanotechnology, biotechnology, mathematics, etc. This will be a good path to improve our national competitiveness and transform Africa into a global outsourcing hub. If our students have the skills, the multinational companies will come to tap our comparative cheaper labor.

 

In conclusion, there is an opportunity in the upstream ICT sector and it is time Africa gets there. Our government can facilitate a national ICT transition by funding major investments in microelectronics to enable our universities, research labs, polytechnics and small enterprises acquire and diffuse the technology. This will create jobs and diversify our economies out of minerals and hydrocarbons.

Focus On African Startups – A New Tekedia Column By Stern School of Business MBA Graduate, Brian L. Aoaeh

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For my first article I will like to introduce the philosophy behind my column, tell you the topics I intend to cover and tell you a little bit about myself.

I expect to publish a new article every fortnight. Typically, I will make an effort to keep my posts between 250 – 350 words, or 750 – 1000 words if I feel that is justified. I am guilty of loving to dig deep into anything I am studying or writing about. In this case I hope to acquire some discipline.

The goal of my column will be to focus on issues relevant to entrepreneurship and start-ups across Africa. Although I have a special affinity for technology and science based industries, I do not intend to discriminate as far as this column is concerned; every industry is fair game. I believe that entrepreneurship offers one path to solving some of Africa’s most pressing problems

We will study and discuss entrepreneurship in general. Our focus here will be to explore the environment for entrepreneurs across Africa, the socio-cultural dynamics, the political climate, and the economic realities that affect the development of a more commercially entrepreneurial society. We will also examine the factors that are necessary for creating a culture that nurtures an increase in commercial entrepreneurship throughout Africa.

We will study and discuss start-ups, specifically, African start-ups. The goal of this exploration will be gain a clearer understanding of the start-up scene across Africa. We will also examine start-up activity that is driven by people of African descent living abroad; in this case we will favor people who travelled abroad for business, or academic study. We will discuss the challenges faced by these start-ups in general, with a special focus on problems peculiar to those start-ups that are based in Africa. The topics we focus on will include; start-up business models, business plans, product development, and innovation. We will rely heavily on case studies when appropriate, either in direct relation to one of these topics, or simply to focus on something interesting that an African entrepreneur is doing. Once in a while we may study an example from another developing region of the world. 

We will study and discuss major conceptual developments in the areas of corporate and business strategy and try to apply those concepts to early and late-stage start-ups. Examples will be taken from around the world in order to highlight certain lessons on which I want to focus our attention. The topics we discuss here will include corporate and business strategy, general management, competition, game theory, marketing and other topics that I think could be considered under this broad umbrella. 

We will study and discuss topics in accounting and finance that I believe are important for any entrepreneur launching a start-up anywhere.

Now, a little bit about me; I come from Ghana, but grew up in Nigeria between the age of 5 and 12. My family has lived in Nigeria for more than 3 decades. I studied mathematics and science at the WAEC GCE O and A Level at St. Francis Xavier Junior Seminary, Wa, UWR, Ghana and the Presbyterian Boys’ Secondary School at Legon, Accra, Ghana respectively. I obtained a BA with a double major in Mathematics and Physics at Connecticut College, and then an MBA in General Management with a specialization in Financial Instruments and Markets from the Leonard N. Stern School of Business at New York University. I am presently an analyst in Corporate Development at a small (I mean really small!) privately held private equity/venture capital company in the United States. I assess investment opportunities and assist the entrepreneurs we work with accomplish the task of building successful companies. You can find me on LinkedIn and Twitter.

Tekedia Climbs Four Slots In Vrank’s ‘Most Visible Brands In Nigeria’

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Tekedia has moved from 13th position to 9th position in the Vrank’s Most Visible Brands in Nigeria, within two weeks. Our online reputation remains solid and thanks for our readers and those that are contributing articles.  We apologize for the slow speed and interruptions, especially today. It was due to traffic and hosting issues which are fixing.  Our apologies.

Tekedia is indeed making a contribution in the tech space of Nigeria. Get the ranking live here.

 

Most visible brands in Nigeria

These are today’s most visible brands. Vrank scores change over time – come check them every now and then!

1
51.9%
Vrank : 519/1000
2
51.1%
Vrank : 511/1000
3
ReVou
(http://www.revou.com/)
43.9%
Vrank : 439/1000
4
Cp-africa
(http://www.cp-africa.com)
43.6%
Vrank : 436/1000
5
41.8%
Vrank : 418/1000
6
40.5%
Vrank : 405/1000
7
40.2%
Vrank : 402/1000
8
Internet Payment Solutions
(http://www.paybycash.com)
36.3%
Vrank : 363/1000
9
35.6%
Vrank : 356/1000
10
Scoopafrica
(http://scoopafrica.com)
35.4%
Vrank : 354/1000

Is It Still Worth Getting The iPhone 4?

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Although it is over a year old and the iPhone 5 is set for release in just a matter of months, the iPhone 4 still remains one of the most popular phones that are available. But with a newer version likely to offer much more to consumers, does the iPhone 4 risk becoming obsolete within a short space of time?

 

 

The simple answer is no. Although the technology has moved on quite a great deal since the release of the iPhone 4 in the summer of 2010, including dual core processors, Near Field Communications (NFC) and various other developments, the phone still remains just as excellent as it ever was. Take for example the processor. The iPhone 4 features a single core 1GHz chip, which is surely not as powerful as all the new dual core phones that have recently come into existence. But it only takes a quick play around with phones like the LG Optimus 2X to see that processor speed doesn’t really guarantee much, as the LG phone is still a lot slower than the iPhone 4 and more prone to freezing up.

 

 

Or how about the screen? One of the biggest selling points of Samsung’s Galaxy S2 is its amazing Super AMOLED Plus display, yet the Retina Display of the iPhone 4 is still one of the most phenomenal phone screens that currently exists. It offers a sharpness and vividness that has not really been surpassed in a whole year. As well as being high quality visually it is also pretty sturdy thanks to the anti-scratch glass that it is made from.

 

 

Of course the iPhone 4 still offers the same excellent software experience, with the App Store still providing plenty of fun games and apps to enjoy. While other phones, such as those running on Android, will often get locked down into an older version of the operating system with little chance of a timely update, the iPhone 4 is still compatible with the latest iOS 5 that is to be released with the next iPhone. Because of this, there is not much software wise that you will miss out on by going for the current model instead of the next.

 

There are not many other phones that still sell so well so long after they were first released, and the fact that the 12 month old iPhone 4 is still one of the top sellers and only just being knocked from the top spot in terms of sales really speaks volumes for this phone. The arrival of the iPhone 5 should serve to make the iPhone 4 on contract a little bit cheaper to get hold of, but in no way will it make it any less of an experience to own.

Main One Cable Linking West Africa To Europe Commissioned

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Arguably the hottest indigenous African company, Main One has announced that it’s 1,920 Gbps, 7000 kilometres long, submarine fibre optic cable system linking West Africa to Europe has been completed and commissioned.

 

With landing stations in Nigeria and Ghana and branching units in Morocco, Canary Islands, Senegal and Ivory Coast, the cable will deliver unprecedented broadband capacity to West Africa, more than ten times what is currently available.

 

With its cable system now turned on, Main One is poised to champion a communications revolution in Africa impacting businesses, governments and individuals by providing higher bandwidth and exceptional speeds at a lower cost. The ramifications of Main One’s cable will be felt in all sectors: from education, to health, to entertainment, etc helping driving economic growth and creating job opportunities all over Africa.

 

Main One, is wholly African and is the first privately owned submarine network cable in West Africa. A landmark achievement, Main One delivered its cable system on time and within budget, a rare occurrence with projects of this magnitude and complexity.