As a Lagos banker and a doctoral banking & finance student, I spent time understanding currency and its impacts on the welfare of citizens. Writing to the African Union Congress, I posited that a single African currency under a supranational bank will struggle to improve the welfare of Africans. Why? Africa’s heterogeneous market will make it nearly impossible to design a welfare-boosting monetary policy that will work for all countries. Simply, you will end up having shocks across communities.
Then, as I moved into engineering, I saw such divergent constructs in digital platforms. But here, instead of currency playing the central role, marginal cost becomes what you have to deal with. That marginal cost is your transaction and distribution cost. What happens therein determines your capacity to scale and grow as a business. That is the heart of the economics of digital platforms.
At Tekedia Institute Startup Masterclass, we have introduced a new course – The Economics of Digital Platforms – to help digital entrepreneurs (practically everyone as every business is going digital) understand how to win digitally. Explore and advance your business here.
Tekedia Mini-MBA edition 14 (June 3 – Sept 2, 2024) begins registrations; get massive discounts with early registration here.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
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Register for Tekedia Mini-MBA (Jun 3 - Sep 2, 2024), and join Prof Ndubuisi Ekekwe and our global faculty; click here.