Chinese authorities have hit e-commerce giant Alibaba with a 18.23 billion yuan ($2.8 billion) fine for abusing its market dominance. Alibaba has been under the radar of Chinese regulators since last year. In December, the State Administration for Market Regulation (SAMR), launched an investigation into the practices of China tech giants. The e-commerce platform was found guilty of forcing merchants to choose one of two platforms rather than being able to work with both. SAMR said on Saturday it had determined that Alibaba had been “abusing market dominance” since 2015 by forcing its Chinese merchants to sell exclusively on one… The post China Fines Alibaba $2.8 Billion for Anti-competition Practices appeared first on Tekedia.

When the National Bureau of Statistics (NBS) recently released the “2019 Poverty and Inequality in Nigeria” report, which highlights that 40 percent of the total population, or almost 83 million people, live below the country’s poverty line of 137,430 nairas ($381.75) per year, so many people who were undeniably pro-Nigerians took to the media to claim it was all lies. How can it be such lies, when President Buhari’s administration is fighting poverty and empowering everyone with all sorts of empowerment. I was watching from afar, as a spectator than I was. Oh yes, far away, I was smiling because… The post Banking Vs Telecoms War: Poverty and Startups Dominance appeared first on Tekedia.

The African Union (AU) said it has halted plans to secure Oxford/AstraZeneca coronavirus vaccines because of supply concerns from India’s Serum Institute. This comes at the heels of AstraZeneca vaccine blood clot concerns and vaccine shortage that has kept African countries at the bottom of global vaccination effort. The Financial Times reported John Nkengasong, the Africa Centres for Disease Control and Prevention unit’s director, saying that the body will instead focus on the single-shot vaccine from Johnson & Johnson. According to him, the decision not to buy AstraZeneca is so as “not to duplicate efforts.” African countries will still receive… The post Africa’s Vaccine Concern Increases as African Union Drops AstraZeneca appeared first on Tekedia.

Innov8tiv Innov8tiv - Blacks In Technology in USA, UK, Caribbean Islands & Africa Technology is certainly exciting, but it also has the power to intimidate. Think what someone from 500… The post 5 Amazing but Scary Technology Examples first appeared on Innov8tiv. 5 Amazing but Scary Technology Examples Innov8tiv.com

Innov8tiv Innov8tiv - Blacks In Technology in USA, UK, Caribbean Islands & Africa You might have dozens of different online accounts ranging from banking and investment, insurance company accounts, social… The post Is There a Safe Way to Store Passwords? first appeared on Innov8tiv. Is There a Safe Way to Store Passwords? Innov8tiv.com

Innov8tiv Innov8tiv - Blacks In Technology in USA, UK, Caribbean Islands & Africa As writers, we are always on the lookout for excellent online tools out there that can further… The post Is Paying for Grammarly Worth It? first appeared on Innov8tiv. Is Paying for Grammarly Worth It? Innov8tiv.com

Understand the power of Conglomerate Tax and how entrepreneurial capitalism with pioneering upstream capabilities change the ordinance of market systems. In The Dangote System, I explained how empires are built and how the greatests of the greats become the states, from old GE to Amazon, from old IBM to Dangote Group. Critics like it…read exclusively at Tekedia Institute. “This book is a worthy read to all aspiring, low-fly and high-flying entrepreneurs, including those envious of the privileges that Dangote Empire has enjoyed. Noteworthy to say, I doubt Mr Aliko Dangote himself understands these privileges as a Conglomerate Tax (reward for… The post To Read My Book, “The Dangote System”, Register for Tekedia Mini-MBA appeared first on Tekedia.

Innov8tiv Innov8tiv - Blacks In Technology in USA, UK, Caribbean Islands & Africa For decades Laptops have been romanticized as the ultimate replacement for desktop computing. And on many fronts,… The post LinkOn 112W USB-C Car Charger Powerful enough to Charge MacBook Pro and then some first appeared on Innov8tiv. LinkOn 112W USB-C Car Charger Powerful enough to Charge MacBook Pro and then some Felix Omondi

How do you translate knowledge into a solution? How do you move from Invention into Innovation? How do you build category-king companies? At Tekedia Mini-MBA, with a world-class faculty of 120 executives, we provide a roadmap. I invite you to join us. If you register before midnight in your city today, we have many goodies for you.  Tekedia Mini-MBA: 12 weeks, self-paced, 100% online, thrice weekly live sessions and costs $140 or N50k. Begin here.     The post Join The Innovators – Register for Tekedia Mini-MBA appeared first on Tekedia.

The year 2020 will always be remembered by the students and other stakeholders of the Nigerian oldest University, University of Ibadan. It is the year that brought unexpected happenings to the University Community. The happenings affected academic and administrative progress. The stakeholders could not believe it that a virus would emerge and disrupt academic activities on the campus. They were surprised that the first and the best would find it difficult to lead other institutions in terms of virtual teaching during the challenging time.  In our experience, the disruptive element which the COVID-19 constituted to the University’s ability and capability… The post New University of Ibadan Governing Council, Vice Chancellor Appointment and the Burden of Ethnicity in Nigeria appeared first on Tekedia.

Innov8tiv Innov8tiv - Blacks In Technology in USA, UK, Caribbean Islands & Africa What Is Forex? Foreign exchange trading or forex for short refers to the over-the-counter market for foreign… The post How to Choose the Best Trading Platform for Forex Trading first appeared on Innov8tiv. How to Choose the Best Trading Platform for Forex Trading Innov8tiv.com

Innov8tiv Innov8tiv - Blacks In Technology in USA, UK, Caribbean Islands & Africa Even in the face of a deadly pandemic, technological advancements continue to boldly surge forward. The medical… The post The Future of Healthcare: 5 New Medical Tech Advancements to Watch For first appeared on Innov8tiv. The Future of Healthcare: 5 New Medical Tech Advancements to Watch For Innov8tiv.com

Innov8tiv Innov8tiv - Blacks In Technology in USA, UK, Caribbean Islands & Africa The question of technology putting people out of work has long been a concern for many workers.… The post How Technology in the Workforce Could Benefit Workers first appeared on Innov8tiv. How Technology in the Workforce Could Benefit Workers Innov8tiv.com

Innov8tiv Innov8tiv - Blacks In Technology in USA, UK, Caribbean Islands & Africa The question of technology putting people out of work has long been a concern for many workers.… The post How Technology in the Workforce Could Benefit Workers first appeared on Innov8tiv. How Technology in the Workforce Could Benefit Workers Innov8tiv.com

The Nigeria’s Securities and Exchange Commission (SEC) notice should concern those investment apps in Nigeria which focus on foreign stock markets, helping Nigerian investors to buy Apple, Facebook and other foreign stocks. Sure, many of them would move to comply but this is a concern that the SEC is not going to look the other way. Chaka, Trove, Bamboo, Risevest and others have works to do, because as they become more successful, regulations will evolve. Proliferation of Unregistered Online Investment and Trading Platforms Facilitating Access to Trading in Securities Listed in Foreign Markets 08/04/2021 The attention of the Securities and… The post The Nigeria’s SEC Notice On Trading Platforms Facilitating Access to Foreign Markets appeared first on Tekedia.

The Central Bank of Nigeria has frozen fintechs from using BVN (bank verification number) to validate and authenticate their users. That should not be a problem if the National Identity Management Commission (NIMC)’s NIN (national identity number) has gone mainstream. Yet, technically, what the apex bank did is a good call because if indeed NIN is working, even BVN has to be discontinued. Companies must try to add the NIN field as quickly as possible.  “We’ve recently been made aware of a regulatory directive from the primary custodian of Nigeria’s BVN service to all their partners to suspend the provision… The post Central Bank of Nigeria (CBN) Punches Fintechs on BVN Validation appeared first on Tekedia.

Death took on great names in the United States and Great Britain on Friday. The super powers mourn both on corridors of royalty and entertainment. Prince Philip, the Duke of Edinburgh, Queen Elizabeth II’s husband and the longest-serving consort of any British monarch, has died at age 99. In the US, rapper Earl Simmons, aka DMX, who had been on life support since April 2 following cocaine overdose, lost his fight. He died at 50. A statement posted on the royal family’s website Friday morning said: “It is with deep sorrow that Her Majesty The Queen announces the death of… The post Prince Philip and DMX: A Weekend of Great Loss for the US and the UK appeared first on Tekedia.

Western Sahara was the last colonised African country. Like Spain, which colonised it, Britain, France, Portugal, Belgium and a number of other countries in the global north scrambled for the partitioning of Africa during the colonial period. The partitioning was largely driven by natural resources that abound on the continent, which colonial masters believe would help them in their industrial growth and development agenda.  The exit of the colonialists meant that Africans are free to lead and govern themselves. But, they are not totally free when one looks at varying foreign policies being implemented in the last 61 years. The… The post Resurgent Partitioning of Africa by the Global North for Scholars Hunt appeared first on Tekedia.

Many employers demand their employees’ fitness test results before their recruitment processes are completed. This is found in both private and public sectors and it is usually requested from all candidates irrespective of who they are or where they come from. In most cases, candidates that go for medical tests are sure of receiving their appointment letters because it is the last stage in recruitment procedures (even though it is never publicised). But that is not always the case because a question mark on the candidate’s medical result can cost him the job. This explains why some people do not… The post How Pre-Recruitment Medical Tests Infringes on Candidates’ Rights appeared first on Tekedia.

These things happen, from Uber to Amazon, most times, what you expect is NOT what typically  happens. Yes, “Amazon has defeated a union drive that would have established the company’s first US union. The vote count against unionization totaled 1,798, surpassing the simple majority of 1,608 needed for either side to prevail, on Friday. The Retail, Wholesale and Department Store Union, which is behind the Bessemer union drive, announced it plans to file objections and unfair labor practice charges with the labor board.” So, the Labour union will make it look this way: the reason we failed was because Amazon… The post Lol, Amazon Is The New “Right” Party appeared first on Tekedia.

Nollywood makes nice movies but they have not been making ones which go to the heart. Why? Corporate Nigeria makes better movies. The latest episode is that Dangote Sugar and Flour Mills are suing BUA Sugar to get out of the business of running a sugar refinery in Nigeria: “Backed by the Chairman of Flour Mills of Nigeria Plc, Mr. John Coumantaros, Dangote said in a letter sent to the Trade Ministry that the establishment of a new sugar refinery plant in the country poses a threat to the attainment of the National Sugar Master Plan (NSMP) as well as… The post Dangote Sugar, Flour Mills, BUA Sugar – And Problems with Nigeria appeared first on Tekedia.

The Chairman of Dangote Group, Aliko Dangote, has moved to stop the BUA Group from running a sugar refinery in Nigeria. Backed by the Chairman of Flour Mills of Nigeria Plc, Mr. John Coumantaros, Dangote said in a letter sent to the Trade Ministry that the establishment of a new sugar refinery plant in the country poses a threat to the attainment of the National Sugar Master Plan (NSMP) as well as sustainability of the country’s local sugar industry. The letter dated 28 January argued that the country currently had enough refining capacity to meet national demand, demanding that BUA… The post Dangote Group, Flour Mills, File A Petition to Stop BUA from Running A Sugar Refinery appeared first on Tekedia.

If you have paid for Tekedia Mini-MBA, ask Admin to give you access to a Certificate module at First Atlantic Cybersecurity Institute. You can start taking that course while we wait for the Tekedia Mini-MBA program. There are four tracks in Facyber  for you to select, and each module takes 12 weeks. All programs are self-paced with a brilliant portal designed for geeks.  The course syllabus and Table of Contents are provided in Facyber.com. Here are the tracks: Certificate in Cybersecurity Policy (CCYP) Certificate in Cybersecurity Technology (CCYT) Certificate in Cybersecurity Management (CCYM) Certificate in Cybersecurity Intelligence & Digital Forensics (CCDF)… The post Your Facyber Bonus for Early Bird Registration of Tekedia Mini-MBA appeared first on Tekedia.

Section 67-70 of the same act and Rules 414 & 415 of the SEC Rules and Regulations say that only foreign securities listed on any exchange registered in Nigeria may be issued, sold or offered for sale or subscription to the Nigerian public. The post SEC’s new rule for online investment and trading platforms brings back familiar regulatory scare appeared first on TechCabal.

On Wednesday evening, *Femi, the owner of a last-mile delivery service in Lagos sent me a text; “is there any way I can get a SIM card? I have been trying for weeks.” With no SIM cards, he cannot move forward with his plan to extend his company’s services to Abuja. The post The hidden costs of NCC’s suspension of SIM registration appeared first on TechCabal.

On January 1, 2021, I wrote thus: “Happy New Year again. In 2021, I want to set up Tekedia Capital – a very early stage venture ecosystem. I have seen a trajectory and the validation is there: the new species of companies called startups are bringing an economic-Cambrian moment like never before, in Africa’s markets. Our goal is to become a feeder, and a pipeline, for the world of investing and venture business. We have done well, and I hope to institutionalize what we have learnt so far, at the next level.” Today, I am happy to share that we… The post Tekedia Capital Launches April 12, 2021 appeared first on Tekedia.