Tuesday, 5 June 2012

It was a black Sunday for Nigeria on June 4 as a plane owned by Dana Air crashed into a densely populated residential area of Lagos, killing all 153 passengers on board as well as several others on the ground. May their friends and family find the strength to bear this terrible loss.

In today’s world, paradoxically, it is the boldest action that is often the safest. Remaining where you are in a world that is changing so rapidly is in fact the most dangerous of all places to be in.”

Hakeem Belo-Osagie at a speech with the Harvard Business School Africa Business Club (ABC) Harvard MBA Students, March 2012

Hakeem Belo-Osagie is one of Africa's richest men with an estimated net worth of $450 million. He is the chairman and largest shareholder of the Nigerian operations of the UAE based telecoms provider Etisalat. He is an alumni of Harvard Business School and in March this year he was awarded the ABC Leadership Excellence Award by Harvard Business School Africa Business Club (ABC) where he made that pertinent statement. Please watch the rest of the speech

Quote courtesy of forbes.com
''My advice to women all the time is: If you want a certain future, go out and create it. Conquer your fears as that is what enslaves most women. Opportunities are now galore.  We just need to roll up our sleeves, lift our feet, and walk through the door as no one will carry us.
Have a game plan and execute it with passion, determination and focus. Never mind that you are a woman. Lastly, choose your team carefully and get rid of non-performers soon enough.''

Divine Ndhlukula
Divine Ndhlukula, Founder and MD of SECURICO, one of Zimbabwe's largest security companies, giving advice to budding female entrepreneurs.

Two successful individuals with similar sentiments running through i.e don't dilly dally, take the bold decision to take risks, be determined to succeed and you shall.

Some wonderful investment opportunities exist in agriculture where Africa is ripe for a green revolution. There is a high demand for food processing services, this can be very profitable. it can be started on a small to medium scale by partnering with local farmers.

Maize Milling Plant for Africa

There is the opportunity of going into modern vegetable production with the abundance of arable land in many parts of Africa, process them and turn them into a variety of canned soups and sell them to other African countries.

IT technology and communication is booming in Africa and as i underscored in an earlier blog if the technology is tailored for the specific African market the scope for success is huge. Here are some Kenyan IT millionaires to watch out for

Ken Njoroge

Ken Njoroge – Co-founder and CEO, Cellulant
Ken Njoroge quit his studies in pharmacy opting for a degree in information systems management. At 23 he teamed up with two friends and started 3mice, a web development firm. Together with a Nigerian friend Bolaji Akinboro, Njoroge later co-founded Cellulant, a mobile commerce company that manages, delivers and bills for digital content and commerce services actualised over telecom networks.
“Founded in 2004 on about $3,000, and a credit card, the vision of Cellulant’s founders was to create a Fortune 500 company in Africa, out of Africa and by Africans,” reads a statement on the Cellulant’s website.
Nigeria’s federal government recently awarded Cellulant, which already has a presence in eight countries across the continent, a four-year $8.9 million contract to run an e-mobile registration and validation system for subsidised fertiliser.

John Waibochi

John Waibochi – Founder and CEO, Virtual City Group
John Waibochi is the founder of Virtual City Group. The firm has won numerous awards and millions in cash prizes, one of them being the 2010 Nokia Growth Economy Venture Challenge award, which came with a $1 million cash prize.
Waibochi’s first job was with a telecoms operator where he was involved in selling ‘walkie-talkies’. He founded Virtual City 12 years ago. Today, Virtual City is a mobility solutions company specialising in supply chain automation, knowledge management and interactive solutions. He also runs two sister companies: VirtualMobile, a distributor of mobile apps, and VirtualSat, which is concentrating on establishing and running contact centres. To take his company to the rest of Africa, Waibochi is currently seeking up to $5 million in investment.