Good People, I am updating my topic for Aug 21 Tekedia Live from “8 Options On The Most Important Decision in Business” to “Structuring Tech Companies To Stay in Compliance and Mitigate Regulatory Risks in Nigeria”. This is how we roll in Tekedia Mini-MBA; we adjust schedules to accommodate current events where possible.
The technical freeze on the six investment startups in Nigeria is a reminder that a playbook cannot be deemed “ready” until the core regulatory risks are well within managed zones. In this session, I will share what we do in Tekedia Capital, and how we work to make sure our startups are in compliance.
The fact is this: we build risk mitigation and compliance into the architecture of the firm, making it possible that even if there is a regulatory somersault or perturbation, we can recalibrate within hours, and still serve customers, even when necessary working outside the jurisdictional ordinance.
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Remember rule #1: do not operate with fear, operate with knowledge and stay compliant.
Sat, Aug 21 | 7pm WAT | Structuring Tech Companies To Stay in Compliance and Mitigate Regulatory Risks in Nigeria – Dr. Ndubuisi Ekekwe
See you in class.
Comment on LinkedIn Feed
Ndubuisi Ekekwe very necessary sir, personally I’m beginning to feel that the fourth matrix for innovation (after user needs, available technology and business value) is regulatory direction. Let’s face it, if companies like Gokada, Bamboo, Chaka, Patricia and the likes that were solving huge problems for users, building and making the most of available technology and creating value for their respective businesses could have their whole models upturned by one letter, it goes to show you that the fourth matrix for innovation needs to be a strong regulatory focus.
It’s kind of getting clear now why companies like Google and Facebook hire policy roles when they enter new climes, and why they’re exceptionally focussed on the nitty gritty of regulation and policy direction to avoid trouble.
Dangote and the likes don’t have a problem, their businesses are within proper regulatory terrain. Our generations technology companies must find ways to follow suit (or at least have fail proof backup plans).
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