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When TechCrunch Sarah Lacy Goes ‘Blind’ in Lagos – She Gets The Myopic Syndrome Bug (Part 1)

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First, thank you Sarah Lacy for visiting Lagos. At least, TechCrunch readers will know that humans still visit Lagos and return alive. With the onslaught CNN unleashes in its negative coverage of Nigeria, only those whom the gods love can make it alive from Nigeria. So we are excited that you are back, safely.

Sarah is an eminently talented professional and has achieved many things. We know her largely on her contents in the very popular TechCrunch. A little about her, courtesy of her site:

Sarah Lacy knows great entrepreneurs. After more than a decade covering business in Silicon Valley, Lacy decided to follow the flow of capital into the developing world. She bootstrapped a two-year, 40 week journey through the Middle East, South America, Africa, India, China and Southeast Asia looking for the best entrepreneurs Silicon Valley had never heard of. The result is her second book Brilliant, Crazy, Cocky: How the Top 1% of Entrepreneurs Profit from Global Chaos, which is being published by John Wiley & Sons in January 2011.

She was recently in Nigeria in a program called Tech Open Day with Sarah Lacy. She drew young minds because we all love her writings and perspectives.  Tekedia covered this gathering and participated. She delivered and it was very successful. The energy was intense, the insight was deep and many of us went home with deeper commitments to salvage destines through entrepreneurship, hard work and innovation. Thank you Sarah for coming!

Yet, her very first post, she did not even find it worthwhile to mention or even link the very program she attended. In her first post, in TechCrunch, after the trip, titled Strolling through “Nigeria’s Best Buy” (A Photo Essay), she began thus

I’m in Lagos to speak at an event and decided to come a week early to check out the country’s tech and entrepreneurship scene.

Of course, she must have been aware of the link to the event. The guys would have appreciated that little publicity. Anyway, that is her decision to give a little credit to the organizers. Did you notice, ‘an event’? She forgot the name of the event!

Apparently, we have read the good post as she has noted and the bad ones will be coming.

More on the good and the bad in a future post. A lot more. One story includes guys with machetes. But let’s talk about Nigeria’s tech appetite first. Like anyone else they lust for that new, new thing, and many of them go to a place called “Computer Village” to find it.

Of course what do you expect from these foreign experts? They come into Africa, spend a week, and immediately they become African experts. She will write a story of “guys with machetes” as though she has exhausted her ink on the tech firms that invited her. We cannot wait for that one – it could be a history lesson of elite tech blogger writing about machetes.

Why not? It is common to see US professors who spend less than one week in Africa yearly to become experts on African agriculture or economics or whatever. They write the books everyone uses because the African professors are very lazy. In our tradition of talking and not writing, we never exist in the horizon.

You will see a Kenyan professor of agricultural economics with 30 years experience collaborating with a young assistant professor in a US school and because the funding is coming from US, the real expert is the two year assistant professor. He shapes the discussion and the intervention strategy. And the World Bank will try all the ideas and for decades, nothing positive has happened. No one will even hear the local professor! Never.  The most difficult thing in life is to ask any African professor to write. But he will be ready to talk all-day. Oh yes, for people that existed for centuries without developing indigenous way of writing, you cannot force them to write because there are universities now. It is in the gene – talking, but it must change.

to be continued….here

A Presentation from The Creators of AroundMe – A Kenyan Hit App

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Few weeks ago, we brought you AroundMe – a Kenyan app in the domain of locality.

AroundMe allows you to easily and quickly find important businesses and services in your surrounding or any other location with your Nokia phone. For example, you can find restaurants, banks, gas stations, and other local services with ease. View maps, directions, routes, street view, read reviews or call the business if contacts are available.

 

MNCapital Hosts Investment Strategy in South Africa

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The global finance and investment community is witnessing increasing debate on the extent to which Environmental, Social and Governance (ESG) factors must be integrated into mainstream investment analysis to enhanced long-term investment performance and value creation. Globally, 227 asset owners and 496 asset managers have committed to integrating ESG consideration into their investment and stewardship approaches by signing up to the UNPRI.

This is a strong indication that UNPRI has become a mainstream consideration of innovative asset owners and investment managers. Also, leading financial indices (MSCI indices and FTSE)  and data providers (Bloomberg and Thomson Reuters) launch ESG ratings and tracking products. Thus giving institutional investor and fund managers access to tools that strip down a company’s ESG practices by environmental management, climate change, human and labour rights, supply chain labour standards, corporate governance etc.

The Integrating ESG Investment Strategy in Portfolio Management Forum – An Africa Perspective is a tailored interactive forum designed to explore strategies employed by institutional investors and portfolio managers in integrating ESG issues into their investment decisions. It will also examine emerging investment
strategies and best practices employed by Asset and investment managers to enhance sustainable value creation and improve long-term portfolio performance; thus creating value for their stakeholders. Africa is a unique market, with unique set of issues and challenges to consider when implementing ESG Integration; this forum sets the stage for Africa’s leading asset owners, investment manager, financial and investment community to explore these issues.

This unique platform presents an opportunity for Africa’s finance and investment community to meet, share, network, collaborate and discuss Environmental, Social and Governance (ESG) issues in the Africa context.  Participants will debate challenges and issues unique to Africa, hear case studies and lessons from successful ESG Integration and discover how Africa’s investment community need to adapt its strategies for a successful and holistic ESG Integration. Delegates will hear from asset owners and investment managers in Africa, Europe and US who will bring their practical knowledge and insights on best practices in integrating ESG issues into portfolio management of diverse asset classes.

 

Venue: JSE Auditorium, South Africa

Date: 5th of August 2011

Organizer: MNCapital

Africa’s #1 Internet Savvy Pastor – Chris Oyakhilome

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He certainly does not need any introduction. He is always on the TV, radio, podcast and everywhere. He had made many people whole. He is a cute great guy. And we think he is success personified. He has built an empire and he is great manager. What companies cannot achieve, Pastor Chris has done. Today, he distributes the highest number of religious content of African origin on the web – to any medium (you can challenge this!).

 

The Pastor of Christ Embassy is someone to learn a lot of ideas from. We spent time on this Rhapsody of Realities and we began to be renewed.Hallelujah. God is Good somebody!

 

Rhapsody of Realities is a life guide that brings you a fresh perspective from God’s Word everyday. It features the day’s topic, a theme scripture, the day’s message, the daily confession and the bible reading plan segment.

 

Rhapsody of Realities daily devotional by Pastor Chris and Anita Oyakhilome has been designed to enhance your spiritual growth and development. In addition to the inspiring, revelatory and Word-based articles, the best-selling devotional also features a special Word-study page every week, where you’ll learn about certain key words and their scriptural Hebrew and Greek imports and connotations. You will be refreshed, completely transformed and positioned for a day-to-day experience of success and victory as you go through the life-changing thoughts in every edition.

 

Pastor, let the miracle flow. We need it here. God bless you.

U-Mo (your mobile, your money) And What You Need To Know

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U-Mo (your mobile, your money)  is a mobile payment scheme that allows a subcriber to carry out transactions such as money transfer, deposit and withdrawal, on their mobile phones. A subcriber need not have a bank account before he/she can use U-Mo.

 

An agency structure has been put in place to assist subscribers to carry out transactions seamlessly. There are 3 tiers of agents which are Mega, Super and Priority agent.

 

To become a Mega Agent:

I.      Operate an individual Current or corporate account with UBA Plc

II.      Provide completed enrolment forms

III.      Signed Service level agreement forms to be provided by Afri-Pay limited.

IV.      Deposit N500,000.00 the suggested working capital  in the U-Mo Agent UBA current account

V.      A designated office designed to conform to the U-Mo branding and merchandising standards.

VI.      At least one computer with steady internet access

VII.      One dedicated operational staff

VIII.      A dedicated and operational mobile phone

IX.      An official e-mail for contact

X.      Steady power supply, a power generating set as alternative source.

XI.      Any other items/equipment necessary to conduct the business like chairs, Desk, stationery, Log book etc.

 

To become a Super Agent:

I.      Provide a operational Java enabled Mobile phone and SIM

II.      Operate an individual current account with UBA Plc

III.      Provide completed enrolment forms

IV.      Deposit N100, 000 into their SVA account created on their mobile phones.

V.      Any other items/equipment necessary to conduct the business like chairs, Desk, stationery, Log book etc.

 

To become a Priority Agent:

I.      Provide a operational Java enabled Mobile phone and SIM

II.      Operate an individual savings account with UBA Plc

III.      Provide completed enrolment forms

IV.      Deposit N10, 000 into their SVA account created on their mobile phones.

V.      Any other items/equipment necessary to conduct the business like chairs, Desk, stationery, Log book etc.

 

An additional requirement for becoming a Mega Agent is that all prospective mega agents must provide at least 5 Super agents and 15 Priority agents. This will form the initial agent network for the mega agent. We recommend the recruitment of retail shop owners, business centres, phone shops and similar retail business owners as U-Mo agents.