Opinion

📸✍ Olufemi Olanipekun (Co-Founder, VeendHQ) shares his thoughts on lending and credit penetration in Africa “My grandpa was a lender, and If I was my grandpa in today’s world, these are the things that I would do differently.Credit penetration is low in Africa because it is hard to get the data needed to check creditworthiness, and payment is still an issue for credit use cases.For instance, banks rely on credit bureaus to access Credit history data. However, a lot of African businesses and consumers don’t have their data on the credit bureaus, which makes it hard for banks to serve…

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Did you know that 61% of marketers still find lead generation their biggest challenge despite all technological advancements? The traditional marketing model isn’t doing enough to attract potential customers for most businesses. So, how about something a little unorthodox—crazy even? From bold public stunts to quirky social media campaigns, let’s delve into some unusual lead-generation tactics. 1. Publicity Stunts Nothing captures public attention like a spectacular publicity stunt. While it might seem extreme, staging a memorable event can generate a host of publicity and lead to an influx of potential customers. A compelling example of such a method is Felix…

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On the occasion of the World Water Day, the French government, through the Agence Française de Développement (AFD), shares how they are supporting water supply in Nigeria. Water is one of the most basic and important need to human life and development. Cooking, drinking, farming and hygiene: all those vital needs depend on water. Yet, this resource remains unevenly spread. If the southern part of Nigeria benefits of heavy rain with more than 3 000 mm yearly in Calabar and over 1 700mm in Lagos, the central part sees two major rivers, Niger and Benue, flowing across its territory, while…

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Dr. Elizabeth Shaw, (Founder, 1000 Black Voices) As 1000 Black Voices® and Royal Pearl Society unite to launch London’s Women’s Entrepreneurial Development Lab, female founders with ambitions to grow in the UK will have the opportunity to participate in an eight-week programme launching on April 24th, 2024 1000 Black Voices® (an organisation dedicated to advancing equitable inclusion), announced yesterday that it has joined forces with Royal Pearl Society (an official interest group of Alpha Kappa Alpha Sorority, Incorporated®) to launch a new eight-week programme aimed at empowering Black female tech founders. [Apply here]. Set to launch on April 24th, 2024 the…

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OPINION Jane Egerton-Idehen is MD/ CEO at Nigerian Communications Satellite (NIGCOMSAT) “I am at the SAT SOW 2024. It has given me a lot of time to reflect on the industry and its evolutionary changes. One question I have been asking is, “Did satellites make progress in closing the digital divide?” There have been some changes:◼ The current Evolution has seen more software-driven innovation (SDS), significant strides in propulsion and launch technologies ( e.g. Space X with its Starship and Falcon),◼ The miniaturization of satellites, coupled with the consolidation in the space sector we have seen in the past couple…

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📸✍ Ujama Akpata (L) is a CNN-featured female-entrepreneur on a mission to simplify global logistics and bring the world to Africa As a co-founder, the journey of building Cargoplug has been an incredible ride. Yet, it’s important to recognise that amidst the highs, there have been moments of doubt and uncertainty. We’ve encountered numerous setbacks along our journey, and this year has been no exception, it’s been an intense 2 months. From the challenges of fluctuating currency values to unexpected increases in customs fees, we’ve faced our fair share of obstacles 😣😖. Running a business, especially in times like these,…

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Tony Elumelu (Founder, The Tony Elumelu Foundation – TEF) ✍ The Tony Elumelu Foundation “Dear African Entrepreneurs, In the exhilarating journey of entrepreneurship, one truth remains unwavering: success is seldom a solitary pursuit. Today, let us delve into the profound significance of carrying your team members along every step of the way. 🚀 Entrepreneurship is a team sport: As visionary leaders, we ignite the spark of innovation, but it is the collective effort of our team members that fuels the flames of success. By fostering a culture of inclusivity and collaboration, we harness the diverse talents and perspectives within our teams,…

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Lemachi Chris-Asoluka (Lead, Partnerships and Brand Projects, United Bank for Africa – UBA) Empowering SMEs: Insights from the UBA Business Series Event The last UBA Group Business Series was held at the Head Office in Lagos, and the event brought together a diverse group entrepreneurs, e-commerce experts and industry stakeholders to explore strategies for driving success in the digital business landscape. Amidst the backdrop of increasing competition and challenging business terrain , SME owners received actionable tips aimed at fostering success in their ventures. Lemachi Chris-Asoluka with Kaylah Oniwo (Media personality); Prince Nnamdi Ekeh (CEO @ Konga); Tolu Alero Ladipo (Group Head,…

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Drew Yancey (founder, Teleios Strategy ) Drew Yancey is a business strategist and founder of Teleios Strategy, with extensive strategy consulting and executive leadership experience across multiple industries, helping solve challenging problems at the nexus of growth, strategy, and innovation. According to Yancey, choosing a niche is now necessary and no longer optional – and the top reasons these kinds of businesses are successful including: Enhanced Marketing Efficiency: By targeting a specific group, businesses can tailor their marketing strategies to resonate more effectively with that audience. This targeted approach often leads to higher conversion rates and more efficient use of…

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🎥 Insider In January 2023, the World Economic Forum published a circular transformation white paper in collaboration with Bain & Company, the University of Cambridge and INSEAD. Insights from the paper revealed that companies that embark on circular transformation, creating more adaptable operating and business models, are better positioned to prosper, even in times of disruption, while contributing to sustainable growth. This kind of circular transformation is already happening in Uganda where TEXFAD – a banana textile company that produces handwoven textiles – transforms waste banana pseudo stems and other waste materials into high quality sustainable textile products. TEXFAD products Founded by Kimani…

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