In a recent Harvard Business Review piece, I explained the One Oasis Strategy and Double Play Strategy. As the news that Elon Musk was divorcing Bitcoin because of his desire to save the planet hit the world, many were skeptical of the core hypothesis he was making the call. Yes, was Elon and Tesla really concerned about the climate? Yes, you are right to ask that question because mining Bitcoin is not a state secret, and Tesla knew how it has been done before they bought the first coin. So, the reason Elon gave must be examined. Bitcoin has lost… The post The Tesla Double Play – Selling Emission Credits To Bitcoin Miners appeared first on Tekedia.

After Tesla’s CEO, Elon Musk’s announcement on May 12, stating that the world’s leading electric vehicle manufacturer will no longer accept bitcoin transactions due to carbon emissions emanating from mining, the cryptocurrency market went down, losing over 15% of its value. Ever since then, speculations about the future of bitcoin has been on the rise, as losing Musk, one of its biggest cheerleaders, will have a long-term negative impact not only on bitcoin but also the entire Cryptocurrency market. Musk says Tesla is “looking for cryptocurrencies that use

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Let me extend that conversation on making As and academic grades in general. Here is the deal: whenever you have a setback, on anything, besides looking at the outcome, spend more time on the process that produced the failure. A student who graduated with a poor grade in a university should examine his/her actions in school. It is only by looking at that process that the student will avoid repeating poor grades in future life endeavors. If you worked hard, gave your best and ended up with poor grades: the world has a future for you. That attitude will lead… The post On Grades of Life, Focus More On Fixing The Processes, To Win appeared first on Tekedia.

The 2021 quarter one report (Q1 2021), released by Jumia showed 11% year-on-year gross profit increase, as adjusted EBITDA loss decreased by 24% year-over-year. Coming from a past year filled with financial mishaps, the Q1 2021 result consolidates the e-commerce’s gains at the end of last year. The report by the company also showed a sixth consecutive quarter of positive Gross Profit After Fulfillment Expense, which reached €6.2 million, more than doubling YoY. According to Jumia, the Q1 2021 report is a reflection of a solid progress towards profitability, with gradual monetization and cost discipline as major drivers. “Our first-quarter… The post Jumia’s Q1 2021 Result Shows 11% YoY Growth appeared first on Tekedia.

A student asked me here: how were your grades in the US? I told him: As. You will not see anything but As. In short, in some of the courses, I scored 108% because there is that thing where they offer bonuses to help those struggling to catch up. In Nigeria, making A was tougher, not because of the academic work, but because of the academic environment. Work hard to make good grades even though many will say it does not matter. Notice that they have been unable to explain how bad grades help! It has been a long time… The post Go for As – Aim higher and challenge your capabilities to be the best appeared first on Tekedia.

Hyundai and Kia are teaming up to disrupt the current US electric vehicles status quo, where Tesla reigns. The duo are pouring billions of dollars into the United States, where they plan to start building electric cars and invest more in futuristic technologies. In announcement on Thursday, the South Korean carmakers said they would invest $7.4 billion in the United States over the next four years. Report by CNN gives further details of the plan that hopes to kick off next year. The funding will help the companies gradually expand manufacturing, though they said in a statement that exact plans… The post Hyundai and Kia Team Up to Manufacture Electric Vehicles in The US appeared first on Tekedia.

This week, we concluded an arrangement to appoint an Official University Partner for Tekedia Institute in Nigeria. The university is a federal university and one of the largest in the nation. This school will serve as a vehicle to bring new students, companies, communities and other stakeholders into Tekedia Institute. Tekedia retains and holds 100% of course and program development along with customer support. More so, Tekedia Institute will develop special courses along with the university to serve its targeted markets; both the school and Tekedia will jointly award the certificates. The public announcement is coming next month. In Nigeria, we… The post Tekedia Institute Has Chosen An Official University Partner In Nigeria appeared first on Tekedia.

“[The Dangote System by Ndubuisi Ekekwe] is my best read so far in 2021. I’m reading “The Creative Edge” by Matthew Ashimolowo now, let’s see if it will topple this one”. Olusegun A, Doctoral Researcher  If you are looking to understand how markets work, and find deeper insights on the mechanics of competition, you need to read “The Dangote System: Techniques for Building Conglomerates”. Remember, until you have read a book, do not comment on the title! Begin reading the book here.     The post The Dangote System is my best read so far in 2021 appeared first on Tekedia.

YouTube clips is a relatively new YouTube creator feature that enables creators to share a specific part of a video – 60 seconds max – to run on a loop on the main video’s watch page. While the clips option has been in use before now, YouTube has confirmed that access to its functionality will […]

A few weeks ago, I shared the story of a young man who finished a PhD in computer science in Europe in May 2020 but has been unable to collect his certificate as the school requested for a VALID passport. His old Nigerian passport had expired and the delay for a new one he applied for has been unprecedented. Many people here said he was lying that one does not need a passport to collect a certificate. The comments were exceedingly unforgiving and many showed absolute lack of passion for a fellow citizen. I told the young man to ignore… The post The Student Has Received The PhD Certificate appeared first on Tekedia.

Tekedia Institute is excited to be welcoming the University of Ibadan amazing students to Tekedia CollegeBoost, a mini-MBA designed for university students. The onboarding is May 24, 2021 and Eyitayo Adeleke is coordinating. We hope to spend 8 weeks with you all, to co-share and co-learn. You are already well prepared by the premier university; Tekedia will simply expand your horizons on market systems. Welcome to Tekedia Institute. Tekedia CollegeBoost is an Advanced Diploma in Business Administration designed for students in colleges. It involves an 8-week program which could be broken into two semesters or taken in one semester, depending… The post Welcoming University of Ibadan Students To Tekedia CollegeBoost appeared first on Tekedia.

Airtel Africa also posted net profits of $415 million, a slight growth of 1.8% from the previous year where it made $408 million in profits after tax. The post Airtel Africa’s profits grow by 1.8% as it posts $415 million net profit for FY 2021 appeared first on TechCabal.

One landmark acquisition, several funding rounds and meaningful expansions have drawn attention to Nigeria’s potential to become an enabling environment for businesses. Nigerian tech startups are raising larger seed rounds and pursuing unique global ambitions than at any other time in the last decade. But in the last 18 months, major regulatory events that ended […] The post A startup bill for Nigeria is being discussed between founders, investors and government reps appeared first on TechCabal.

Ant Group Co.’s profit rose to $3.4 billion in the December quarter after Chinese regulators thwarted its record initial public offering and told it to scale back its sprawling business, reported Bloomberg. Billionaire Jack Ma’s fintech giant contributed nearly 7.2 billion yuan to Alibaba Group Holding Ltd.’s earnings, a company filing showed Thursday. Based on Alibaba’s one-third stake in Ant, that translates to 21.8 billion yuan ($3.4 billion) in profit, up 50% from 14.5 billion yuan in the previous three months. Ant’s earnings lag one quarter behind Alibaba’s. The tally underscores the earnings powers Ant boasted before authorities demanded China’s… The post Despite Regulatory Clampdown, Ant Group Posted $3.4 Billion Profit appeared first on Tekedia.

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Zoho Corporation, a leading global technology company announced a new version of its expense reporting software, Zoho Expense, that includes advanced capabilities to help mid-market businesses bring about efficiency in its T&E process, and control costs while recovering from the effects of Covid-19. With the new version of Zoho Expense, businesses can seamlessly manage their […]

Good People, there are so many things which are coming up in the SpaceX Starlink satellite broadband domain as the company plots its strategy into Nigeria and Africa. By now, we ought to have spent time looking at this redesign and what the future offers. But Tekedia Mini-MBA is not in session; the next edition begins June 7. But timing is very strategic as we want our members to have the right information. So, on Saturday,  May 22, 2021 at 7pm WAT, we will run Tekedia Live as follows: Topic: Satellite Broadband, SpaceX Starlink and Opportunities Ahead in Nigeria &… The post Tekedia Live Scheduled – Satellite Broadband, SpaceX Starlink and Opportunities in Nigeria, Africa appeared first on Tekedia.

This is a massive one: Google Cloud has won a contract to supply computing resources to SpaceX, and help deliver internet service through its Starlink satellites. SpaceX will install ground stations at Google data centers that connect to SpaceX’s Starlink satellites. This has a massive implication for telcos as it could begin a disintermediation if datacenters’ traffic suddenly go satellite, denying them major revenue. The Google team said it clearly: “The real potential of this technology became very obvious. The power of combining cloud with universal secure connectivity, it’s a very powerful combination.” Simply, there is no need for cell… The post The Massive Disintermediation of GSM Telcos via Datacenters by Satellite Players (SpaceX Starlink, Amazon Kuiper) appeared first on Tekedia.

Recorded April 3, 2021 The webcast below… Greetings. Due to popular requests in the Tekedia community, we are making today’s Tekedia Mini-MBA Live titled “Building Modern Investment Portfolios in Africa” public.   Date: Sat, April 3  Time:  7 – 8.30pm WAT  Topic: Building Modern Investment Portfolios in Africa Faculty:  Ndubuisi Ekekwe, PhD – Lead Faculty, Tekedia Institute; and Harvard Business Review writer since 2009 Webcast Link (for non-current members) –  https://www.tekedia.com/live/  Current Edition 4 members: Zoom link in the Board. Tekedia Institute offers an innovation management 12-week program, optimized for business execution and growth, with digital operational overlay. It runs 100%… The post Tekedia Live – Building Modern Investment Portfolios in Africa appeared first on Tekedia.

Google announced on Thursday its cloud unit has won a deal to supply computing and networking resources to SpaceX, Elon Musk’s privately held space-development company, to help deliver internet service through its Starlink satellites. CNBC has the story. SpaceX will install ground stations at Google data centers that connect to SpaceX’s Starlink satellites, with an eye toward providing fast internet service to enterprises in the second half of this year. The deal represents a victory for Google as it works to take share from Amazon and Microsoft in the fast-growing cloud computing market. Investors are counting on Google’s nascent cloud… The post Google Cloud Wins SpaceX Deal for Starlink Internet Connectivity appeared first on Tekedia.

Bitcoin has lost one of its biggest fans, Elon Musk. The Tesla CEO, whose announcement of accepting bitcoin for payment earlier in March, fueled the lead-cryptocurrency rally that hit $64,000 in April. In a blow-dealing U-turn, Musk said Wednesday that Tesla will no longer accept bitcoin, citing mining energy concerns. “Tesla has suspended vehicle purchases using bitcoin,” a statement shared by Musk on behalf of the electric vehicle company said. “We are concern about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.” The decision comes at the… The post Tesla Divorcing Bitcoin Creates Uncertain Future for the Leading Cryptocurrency appeared first on Tekedia.

It is a very hard news: a US company paid $5 million after ransomware attacked its supply chain. By paying that money, it was able to get itself out of the paralysis. That is the world where we have the FBI and the legions of US police. You would have wondered how possible? It turns out that these things happen: “The extortion fee was paid in untraceable cryptocurrency”. Yes, many companies are paying tons of money to criminals and those hired to figure out how to stop them, while trying, remain helpless in some cases. The operator of the Colonial… The post The US’ Colonial Pipeline $5 million Ransom Payment – And The Lesson for Nigeria appeared first on Tekedia.