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Home Blog Page 7675

African Entrepreneur, Have You Tried BiD Network? They Have Got Some Nice Tools

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BiD Network sources and selects business plans of small and medium sized enterprises in emerging markets. BiD Network offers tools to the best entrepreneurs, paving the way for them to access finance.

 

BiD Network offers investor matchmaking services, runs the business plan competition; and the BiD Challenge, from 17 countries.  They also engage thousands of entrepreneurs, experts and investors from all over the world to stimulate entrepreneurship and economic growth in emerging markets.

 

Things they offer:

  • Entrepreneurs: access to a worldwide platform to make your business plan visible; receive professional feedback and assistance from business coaches; get exposure to a network of investors, experts and business partners and a chance to win prize money.

 

  • Investors: unparalleled access to screened and filtered small and medium sized businesses seeking finance.

 

  • Companies & NGOs: the opportunity to share the competence and expertise network of your organisation with thousands of entrepreneurs in developing countries. Engage your employees, invest in SMEs and get a network, market insight and possible return on investment.
  • Professionals: the opportunity to make a difference by sharing your business expertise with entrepreneurs as a coach, screener or jury member. Enjoy a wonderful experience with entrepreneurs in emerging markets, broaden your insights and possibly get a stake in a change-making business.

BiD Investor Matchmaking

Small and Medium Enterprises (SMEs) are the backbone of any economy. Better access to equity and finance can stimulate the growth of SMEs, jobs, income levels and economy. Through BiD Network Investor Matchmaking, quality businesses and their entrepreneurs gain access to worldwide finance markets consisting of experienced Angel Investors and SME funds.

 

BiD Network Investor Matchmaking matches investors with highly committed entrepreneurs from developing countries, seeking from USD 10.000 up to 1 million USD in finance. Most deals range from USD 50.000 to USD 250.000.

Why African Utilities Are Broken – First Rate Graduates Are Not Attracted To Public Utility Boards

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Any person travelling to most parts of Africa will notice the level of infrastructural decay in the continent.  From roads to electricity, public water system to waste disposal system, the continent continues to struggle to join the league of modern world by not providing necessary services to its citizens.

 

During the time of Africa’s greatest generation, the legends of our 1960s that liberated us from colonization, we saw a continent on the path of continuous progress. It had a virtuoso agricultural system and was revamping the social amenities. Good and durable roads were built and Africa was respected across the regions of the earth.

 

Those days, the brightest African minds were living in Africa. From Chinua Achebe to Camara Laye, Africa gave the world literary icons. Interesting, as our literature was developing and growing with African voice and writing under the African Writers Series, our engineering was solid. Our engineers were in charge of the railway system which was functional and efficient.

 

Our engineers built the best roads. Our few water boards were working. The electricity where they were was reliable. Construction houses were not collapsing.  Across the universities, there was an aura of order and intellectual haven. The public utilities were functioning and government had access to the brightest African minds to hire and retain.

 

It was an honor to be working for government because they offered the best package.

 

But, that was then. Things have changed, for worse. Military governments destroyed that harmony and alienated many Africans to their leaderships. Many left the continent and some vowed never to work for government.

 

During series of workshops and seminars across Africa last year, I asked groups of students where they would like to work upon graduation.  At Universality of Nairobi (Kenya), none of the engineering students I spoke with showed any interest to work in the public utilities.

 

At Ahmadu Bello University (Nigeria), the brightest of the engineering students noted that public utilities like Nigeria’s PHCN (public electricity corporation) and NITEL (public telecom corporation) were lasts on their lists. From Uganda to Cameroon, Senegal to Botswana; government agencies are not attracting the very bests of African talents.  These students do not see public utilities as places to build their careers.

 

In short, the students thought that by working with government, people will think they are not good enough to compete for private sector jobs.

 

In a seminar in Benin, we made this observation to students: “why do you complain when there is no light considering that the very best among you are not interested in helping to provide that light”. They all smiled and said it was none of their problems.  We gave a lecture making an argument that any sector that cannot recruit and retain the bests in the land cannot compete.

 

It does not matter whether this sector is run by government (many public utilities are still monopolies in Africa) or the private sector. The point is that we cannot necessarily expect the governments to give us the best service on electricity, water, etc when the brightest people do not engage in those areas.

 

When they hire third class graduates, they cannot provide a first-grade service. It is the same analogy where a school district asks a teacher to provide A students when the teacher is not an A grade quality. It is a vicious cycle and can only be broken by getting the right talents in the pipeline.

 

The best African technical graduates are employed by banks and multinational corporations (MNCs). The few more ambitious and risk taking ones travel abroad. Usually, the ones that make it abroad are above average; at least they pass the visa interviews. Under these conditions, the monopolistic public utilities have to plan with some graduates who may not be on top of their games.

 

Sure, this does not mean that all those that work in public utilities are not bright; we are discussing averages here. We are aware of first class graduates in these agencies, though we acknowledge that those might have been hired more than a decade ago.

 

Many of our public utilities are not efficiently managed and lack dynamism you will see in banking or MNCs. The bureaucracy is stifling with usually below average remuneration. To compound all is that many African governments do not see talent drains in the utilities as a problem they have to find a solution.

 

It makes one laugh when governments issue orders that public utilities in different African countries would double capacity. Nigerian governments have consistently missed targets in this yearly ritual for more than a decade. They promised to raise electricity capacity; they will revise at year end.

 

On rare occasions, they have small success because they brought in some foreign contractors. But when these expatriates are gone and time to sustain that capacity, you will notice in few weeks, the system has broken. In the good old Africa when public utilities had the brightest stars from universities, competing far better than banking, many nations had better electricity and water than today. Those talents will not just support the capacity, they will improve on them.

 

So how do you fix this problem?

 

It is about knowledge and skill – the greatest tool of this century. To modernize and make utilities functioning in Africa, it is time African leaders understand that talent drain in the public is hurting everyone. They must find ways to bring talented Africans to public service to move our continent forward.

 

This can be done by revamping the system, paying competitively, developing merit based processes and finally entrusting our bests to run our utilities. Fixing Africa’s public utilities is perhaps one of the most important competitive weapons the continent can use to reverse brain drain and accelerate economic development in the continent. It is time not to handoff the brightest talents to the private sector.

Embedded Systems Development For National Economic Prosperity

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Editor’s Note: This is an abstract of the paper presented by the author during Fasmicro Embedded MASTERs this week.

 

This paper presents massive investments in human capacity building to enhance the development of the Nigerian indigenous embedded systems technology as a key factor towards achieving Vision20:2020. The goals and objectives of Vision20:2020 as well as necessary steps or actions that have been identified as vital to the achievement of the vision are briefly discussed. Investment in technology driven Agriculture as well as Hi-tech manufacturing industries to boost the Nation’s gross domestic product (GDP) and gross national income (GNI) stands out among the vital steps identified.

 

Developed and emerging economies in the world were investigated to ascertain the key factor responsible for their growth and development. The research findings show that no nation can develop beyond her technology or experience economic boom on borrowed technology without investing in developing it indigenously.

 

Engaging in human capacity building through establishment and funding of research and training centers on embedded systems design and development will provide the platform for indigenous solutions in the form of equipments, machines, tools, products, etc ranging from very simple to complex systems to be developed so as to meet the growing needs of our agricultural, manufacturing and other industrial sectors.

 

An embedded system is a micro-processor based system that is built to control a function or range of functions and is not designed to be used by the user in the same way that a personal computer (PC) is. Embedded digital technology is present in many equipments and systems, and is used to increase functionality, as well as to improve operation at low cost.

 

They are now found in almost all technical devices, from simple everyday home appliances, to facilities and facility management such as heating, air conditioning, elevators and escalators, in agricultural equipments and in production units from robotics to production automation and control systems, etc.

 

With appropriate Government policies and the will to stick to the implementation plans, in place, sustenance of achieved development and economic growth resulting from development of embedded system technologies will be guaranteed.

 

Soon we will have Nigerian made digital watches, mp3 players, phones, traffic lights, cable modems, calculators, technology driven farm tools, manufacturing and processing equipments, cars, medical equipments, etc designed, developed and produced by Nigerians for Nigerians and for other countries of the world. This will strengthen and grow our economy by boosting our GDP and GNI at an accelerated pace and vision20:2020 will then be achieved.

Submarine Networks World Africa Is Here – J’Burg, South Africa. 25-28 July 2011

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Submarine Networks World Africa is the place where cable operators, owners; telcos and investors showcase best practice, discuss solutions for growth, and forge long-lasting business relationships. Submarine Networks World Africa 2011 explores new markets, new ideas and generate new opportunities for business!

 

Submarine Networks World Africa 2011 is where cable operators and owners, telecos, ISPS, policy makers, and investors come together to develop a sustainable & cost-effective solutions for Africa’s telecoms sector. It showcases the latest technology and hottest solutions for the fibre optic market in Africa. And in scope, content and experience Submarine Networks World Africa is the only event of its kind in Africa!

 

Pre-Conference Programme: Monday, 25 July 2011


08.30

Registration and refreshments

09.00

How FttX can support profitable new Cloud based business and consumer applications

• Constructing a viable business case with the use of variousbroadband technologies and commercial objectives

10.30

Morning refreshments and networking

11.00

What services do customers want and what will they pay for?

• Shaping up the consumption model and moving up the mediabusiness value chain
• Opportunities for carriers and broadcasters

12.00

Architecting your FTTx network to fulfil the demand for flexible, low cost bandwidth services

• Examining various network elements in composite FTtx networks

12.30

Networking lunch

13.30

Accelerate speeds on existing last mile copper to provide high bandwidth video and cloud applications

• New technologies to enhance existing copper for fixed line operators

14.30

Assessing the ROI of new applications: IPTV and Unified Communications

• Understand IPTV and Unified Comms as productivity and entertainment services
• Adopting innovative business models in B2B, B2C and OTT scenarios to boost revenue streams

14.30

End of workshop

15.00

Afternoon refreshments and networking

15.30

Key questions answered

• How will the online video and Cloud Computing market develop and  service providers? service profitably

Ivy Technique Of Modern Investing – Look Beyond The Rating Agencies

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We wrote “The Illusion of Global Investment Risk” and want to expand that thinking further. So, what is the science behind modern investing?

 

The amazing thing here is that many investors are missing acres of diamond in the emerging market and some developing economies because of perception which has nothing to do with realities in these economies. Rating agencies have an inertia to overcome that perception and rate the bonds of these economies properly. It is the advanced world that is sucking the juice out of the global economy; the emerging and developing economies did not cause the Great Recession and the European debt meltdown.

 

For today’s blog, I have this simple Ivy technique for modern investing.

 

  • Look for markets where the credit quality is good. If it is not good, let it be improving. Brazil is a prime example. I have blogged about this nation that continues to win after wins.

 

  • Look for markets where the government bonds are attractive. This means you must look beyond the rating agencies that will give South African and Greek bonds the same scale, months ago anyway, though the latter is broke

 

  • Look for countries with manageable debt-levels and where the interest rate is  declining or staying stable in long term. Sovereign debt crises will remain a major part of the global challenges in coming years and will be problematic than corporate debts. Nations with manageable sovereign debt is a good place to invest. They will remain stable and economically positioned to pass through the next level of economic crises. Brazil, Indonesia and India are good candidates here.

 

  • Look for sovereign debt profile. Along with the PIIGS, Japan and US, there are debt worries here. US can be excluded since they control the dollar and can always get away easily from any currency problem. Big cap US firms will remain attractive since they can easily survive the economic crises that will happen if any of the PIIGS default. It could be time to put money on big cap equities in the US. Japan is looking increasingly not good. South Korea is taking a good shine in Asia now.

 

  • Bet on currency movement. Nations like China, Norway and Australia are expected to have their interest rates to rise. This means that one can make money on currency movements. I expect the value of these currencies to appreciate over the next 6 months and beyond. Especially China, it looks very certain that yuan will appreciate. Indian rupee looks good also. Notice that you must look at the health of the economy. In all these nations, they seem healthy. China and Australia were just scratched through the recession. Norway is solid and India has that brutal pragmatism in the economy.

 

  • Be careful in euro-zone; in currency union, what matters is the weakest link.

 

Author: Ndubuisi Ekekwe