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Stephen Adeyemo on building a digital platform simplifying property rentals

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Stephen Adeyemo is a social entrepreneur, product designer, and founder of Resavation, a rental application addressing the challenges of renting accommodation in Nigeria. Stephen contributes to digital economy policy at the Nigeria Economic Summit Group (NESG) and is a proud member of Forbes BLK, driving innovation and strategic solutions in proptech to enhance access to housing in Nigeria. In this interview with Alaba Ayinuola of Business Africa Online (BAO), Stephen shares his entrepreneurial journey and he is building Resavation and redefining the proptech space. Excerpt.

 

Alaba: Could you briefly tell us about your entrepreneurship journey and what inspired you to launch Resavation?

Stephen: My entrepreneurship journey started in 2017 when I came across Unilever Young Entrepreneurs Awards and this made me write my first business plan but I wasn’t selected. Fast forward to 2018 when I got into Obafemi Awolowo University, I had a challenge renting first accommodation as a freshman, it was time consuming and stressful and I was exploited by my house agent paying double of my rent to him. This horrible experience made me birth Resavation to solve difficulty renting accommodation in Nigeria.

 

Alaba: How did you identify the market need and who are your target audience?

Stephen: The market need for Resavation was identified through personal experience and market research. As a student at Obafemi Awolowo University, I faced challenges renting accommodation, including lengthy property searches and scams. This highlighted a gap in the market for a reliable, digital rental solution. Further research revealed widespread difficulties with transparency, trust, and convenience in Nigeria’s rental sector. Our target audience includes young professionals, students, and families looking for safe, hassle-free rental experiences. We focus on tech-savvy individuals in urban areas who prefer digital solutions for property search, inspections, and rent payments.

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Alaba: How does Resavation work and what is your revenue model?

Stephen: Resavation is a digital platform that simplifies property rentals by allowing users to search for properties, book inspections, and pay rent online. Users can browse verified property listings, schedule visits, and complete transactions securely, minimizing the risk of scams. Landlords can list properties, manage tenants, and receive payments through the platform. Our revenue model is commission-based: we charge a percentage on successful property rentals, collect fees from landlords for premium listings, and offer subscription plans for additional services like rent savings plans and credit score boosting tools for tenants.

 

Alaba: Can you tell us how Resavation is currently leveraging AI in addressing the challenges facing the real estate sector?

Stephen: Resavation leverages AI to address key challenges in the real estate sector by enhancing user experience, optimizing property recommendations, and improving security. Through AI-powered algorithms, we use content-based filtering to match users with properties based on their preferences, ensuring personalized property recommendations. Additionally, AI helps us verify property authenticity by analyzing property data and detecting potential fraud patterns. We also plan to integrate AI-driven solutions for rent savings and credit score boosting, enabling tenants to build financial credibility. This AI integration enhances trust, efficiency, and personalization, addressing the pain points of Nigeria’s rental market.

 

Alaba: Where do you see Proptech in the next 5 years?

Stephen: In the next 5 years, PropTech is poised to revolutionize the real estate sector with increased digital adoption, AI integration, and blockchain technology. Property transactions will become more seamless and transparent through digital platforms, reducing the need for intermediaries and paperwork. AI will drive personalized experiences, from tailored property recommendations to predictive maintenance and smart building management. Blockchain is expected to streamline transactions and title transfers, enhancing security and reducing fraud. Virtual and augmented reality will also transform property viewing, enabling immersive, remote inspections. Overall, PropTech will make real estate more efficient, data-driven, and customer-centric.

 

Alaba: Where do you see Resavation in the next 5 years?

Stephen: In the next 5 years, I see Resavation becoming a leading PropTech platform in Nigeria and expanding across Africa. We aim to be the go-to digital solution for renting, offering seamless property search, inspection, and rent payment experiences. With continued AI integration, we plan to introduce advanced features like predictive property recommendations, rent savings plans, and tenant credit score boosting. Our vision is to expand into property management and sales, offering end-to-end real estate solutions. Additionally, by forming strategic partnerships, we hope to foster trust in the market and drive digital transformation in Africa’s real estate sector.

 

Alaba: Lastly and in your opinion, what are the most significant opportunities and trends in the proptech sector?

Stephen: The PropTech sector is brimming with opportunities, particularly in AI-driven property management, blockchain for secure transactions, and virtual reality for immersive property tours. AI offers personalized experiences, predictive analytics for property values, and tenant screening automation. Blockchain presents opportunities for transparent, fraud-resistant property sales and smart contracts. The rise of virtual and augmented reality can revolutionize property viewing, enabling buyers and renters to inspect properties remotely. Additionally, the growing demand for sustainable and smart buildings creates a trend towards energy-efficient solutions.

Afripreneur

Oluchi Anoruo on building SmartPharm and addressing access to healthcare products

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Pharmacist Oluchi Anoruo is a visionary healthcare leader and a passionate advocate for global health and well-being. As the Co-founder and CEO of SmartPharm, Oluchi has leveraged her extensive experience to drive innovative solutions in the pharmaceutical industry. Her over six years of practice as a pharmacist have equipped her with a deep understanding of clinical practice, pharmaceutical management, and patient care. Under her leadership, SmartPharm is at the forefront of transforming access to healthcare products, ensuring better health outcomes for patients. In this interview with Alaba Ayinuola of Business Africa Online (BAO), Oluchi shares her entrepreneurship journey, advocacy for global health and well being and how she is addressing access to healthcare products in Nigeria with SmartPharm. Excerpts.

 

Alaba: Could you briefly share your entrepreneurial journey, and what inspired you to start a pharmacy aggregator startup?

Oluchi: My journey as a founder started in 2017 when I lost my aunt due to the lack of access to an emergency drug needed to reduce the swelling in her brain caused by head trauma she sustained in a car accident. Her death was preventable. This painful experience exposed me to the bottlenecks patients faced in accessing vital medications and made me more intentional as a pharmacist to help patients gain easy access to vital medications. Leveraging on the influence I had within my professional circle, in 2018, I created an e-directory of some Pharmacies in Owerri, Imo State on Google sheet which I regularly updated. This e-directory was extremely useful in quickly finding the Pharmacy in the community to visit for a particular medication.

Having no entrepreneurial or tech skills, I embarked on numerous self-development journeys that enabled me to gain the required skills. I enrolled in online courses on EDx for entrepreneurship. During this time (2019), I got selected by Circuit Pointe a women focused non-profit organization for a 5 months web development course. On completion, I equally got awarded the fully funded Andela/Google/Pluralsight scholarship on android development. It was during this program I got coaching that helped me to pursue product design as it was more relatable , human centred and gave me room to hone my problem solving skills. I enrolled in Pixels online design school, graduated top of my class and got a scholarship sponsored by UK tech hub to further develop my product design skills. During this time, I registered SmartPharm as a business name.

 I went on to work remotely as a contract product designer for various healthtech companies while building SmartPharm and also working as a community pharmacist. As a testament to my academic, professional and social achievements, I enrolled at the Nigerian University of Technology and Management (NUTM) in September 2021 as one of the selected sixty scholars for a fully funded one-year postgraduate program on tackling African perennial challenges. During my time in NUTM I was able to develop the first MVP of SmartPharm with the help of some colleagues who I parted ways with after the program. I also met one of my co-founders at NUTM. My co-founders and I have gone on ahead to achieve great milestones and we are positioning to achieve more towards our goal of changing the way Nigerians access their healthcare products.

 

Alaba: What specific problems does your platform solve?

Oluchi: We are addressing the poor and untimely access to healthcare products (medication, medical devices and pharmaceutical cosmetics) for persons who are in need of them.

 

Alaba: How does your platform aggregate pharmacy services, and what benefits do users gain?

Oluchi: We typically work with and onboard registered community pharmacies. Our users get to enjoy discounted prices offered in partnership with our partner pharmacies.

 

Alaba: Can you walk us through your platform’s key features and user experience? 

Oluchi: Using smartpharm.net is pretty easy. Our platform is a webapp for now and you can find and order your health products in 3 easy steps – search, order and receive(door delivery or you can pick it up yourself.)

We pride ourselves in providing timely access to your medication and also delivery. On the average, we typically find and deliver within an hour (within Lagos). We are in Lagos for now.

 

Alaba: How do you ensure competitive pricing and discounts for users?

Oluchi: We are very customer centric and we are always on the lookout for our customers. Because we have a lot of pharmacies in our network, our customers get to choose the best price to buy their health products.

 

Alaba: What strategies do you employ to retain users and encourage repeat business?

Oluchi: It’s simple- we put the customers/users first.

 

Alaba: How has your entrepreneurial journey impacted your personal life and values?

Oluchi: Being an entrepreneur has given me the opportunity to make impact by contributing to reducing avoidable deaths due to poor and untimely access to health products and also instil values that made me over the years such as integrity, fair hearing, respect, empathy and discipline into my business through the way we treat people who work for us and they people we serve.

 

Alaba: Lastly, What role do you see pharmacy aggregators playing in improving healthcare outcomes? 

Oluchi: I strongly believe that the adoption of tech enabled solutions into the healthtech (pharmacy tech space), will completely revolutionize the pharmacy space in the nearest future culminating in enhancing the way people access their health products subsequently helping to improve people’s health outcome. If Mr A can have constant access to affordable health products without the need to worry about his next refills or where to get his next refills, then he will be able to stay faithful to taking his medications with all things being equal.  

 

B I O G R A P H Y 

Pharmacist Oluchi Anoruo is a visionary healthcare leader and a passionate advocate for global health and well-being. With a robust educational background that includes a Bachelor of Pharmacy from the University of Uyo and postgraduate studies at the Nigerian University of Technology and Management, Oluchi combines academic excellence with practical expertise. Her dedication to lifelong learning is evident in her numerous certifications, including notably Jim Leech Fellowship and Ashoka in Social Innovation in Health and Wellness.

As the Co-founder and CEO of SmartPharm, Oluchi has leveraged her extensive experience to drive innovative solutions in the pharmaceutical industry. Her over six years of practice as a pharmacist have equipped her with a deep understanding of clinical practice, pharmaceutical management, and patient care. Under her leadership, SmartPharm is at the forefront of transforming access to healthcare products, ensuring better health outcomes for patients.

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Redefining Real Estate Marketing: An Interview with Imelda Usoro Olaoye, Founder of Thinkmint

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Imelda Usoro Olaoye is a seasoned sales and marketing leader who has worked in various sectors of the economy. Imelda is an expert in real estate, marketing consultancy, using new tools, technology and methods having successfully launched and run an award winning real estate digital marketing firm with branches in Lagos, Nigeria and Estonia, Europe; Thinkmint Nigeria and Europe. She started her real estate/home sector marketing career in Clarions UK after which she joined PropertyPro.ng where she rose to lead the company’s media, real estate transactions and exhibitions team. In this exclusive interview with Alaba Ayinuola of Business Africa Online (BAO), Imelda shares her entrepreneurship journey with a passion for creating solutions that meet people’s needs and the real estate market in Nigeria. Excerpts.

 

Alaba: Could you briefly share your entrepreneurship journey, and what inspired you to start a real estate deals marketing company? 

Imelda: My entrepreneurship journey began with a passion for creating solutions that connect people with the resources they need. While working in media, exhibitions, and events, especially as the Head of Transactions, Media/Exhibitions and organising the African Real Estate Discussions & Awards (AFRECA) at Tolet.com.ng ; now PropertyPro.ng, I recognized a significant gap in the real estate market: the need for a platform that simplifies transactions and bridges the gap between buyers, sellers, and industry professionals. This inspired me to found Thinkmint, a real estate marketing company. It was born out of the desire to provide a seamless experience for clients and to use technology as a tool for creating accessibility and efficiency in real estate marketing. 

 

Alaba: Can you share your experience in real estate marketing and notable achievements? 

Imelda: Over the years, I’ve built a robust experience in real estate marketing by managing high-value transactions and leading teams to deliver measurable results. Notably, I spearheaded the launch of Real|Life Magazine, an innovative publication showcasing real estate opportunities, developed an online marketplace, www.thinkmint.ng/buyrealestate, which simplifies the discovery and purchase of offplan properties with No Agency Fees, Flexible Payment Plans and Low Entry Fees. Additionally, through events like the Real Estate Discussions and Awards (REDA), I’ve fostered industry networking and thought leadership, which have contributed to the visibility and credibility of Thinkmint in the real estate sector. We recently also launched a branch in Estonia, Europe to allow for ease of transactions for Nigerians in Diaspora. 

 

Alaba: What services do you offer, and how do you differentiate your company from other platforms? 

Imelda: Our services include real estate marketing, lead generation, content creation, and event management tailored specifically to the property sector. What sets us apart is our focus on integrating cutting-edge digital tools with traditional marketing techniques. We offer personalized solutions for clients, leveraging data analytics to optimize campaigns and drive results. Additionally, our platforms, including Real|Life Magazine and www.thinkmint.ng/buyrealestate, provide a unique blend of informative content and actionable opportunities, creating a comprehensive resource for the real estate market, with a focus on offplan properties. 

 

Alaba: What marketing strategies do you find most effective for real estate deals, and how do you leverage technology in your marketing efforts?

Imelda: Digital marketing has proven to be the most effective strategy. We rely heavily on SEO, targeted social media campaigns, and email marketing to generate leads and close deals. Technology plays a crucial role in our operations—we use analytics tools to track campaign performance, understand customer behaviour, and refine our strategies. We also utilize CRM systems to manage client relationships effectively and online marketplaces to streamline property listings and inquiries. 

 

Alaba: What trends do you see shaping the real estate industry in Nigeria? 

Imelda: The industry is rapidly embracing technology, with the rise of online property listings and virtual tours gaining traction. There is also a growing interest in eco-friendly developments and smart homes, reflecting global trends. Additionally, flexible payment plans and increased involvement in public-private partnerships are helping to address housing deficits. As the market evolves, I see technology continuing to drive transparency and efficiency in real estate transactions. 

 

Alaba: What inspired you to create a business women’s hub, and how do you aim to empower women in business? 

Imelda: The platform Business Women Hub is a non-profit organization inspired by my belief in the power of collaboration and mentorship. Women often face unique challenges in business, including limited access to resources and networks. The hub serves as a platform to connect women entrepreneurs, provide educational resources, and create opportunities for collaboration and growth. Through workshops, networking events, and mentorship programs, we aim to equip women with the tools and support they need to thrive in their ventures. Business Women Hub specifically caters for women within their first five years in business and has grown to have over 1500 registered businesses located in Nigeria , South Africa , Kenya , United Kingdom, Canada , New Zealand, Australia & USA. 

 

Alaba: What challenges do you see women facing in business, and how do you address them? 

Imelda: Women often face challenges such as access to funding, balancing work-life responsibilities, and overcoming societal biases. To address these issues, I advocate for policies and programs that provide financial support and promote gender equity. Through the Business Women’s Hub, we create a supportive community where women can share experiences, learn from one another, and gain confidence to navigate these challenges. 

 

Alaba: Lastly, what advice would you give to aspiring entrepreneurs and businesswomen? 

Imelda: My advice is to stay resilient, consistent, embrace continuous learning, and never underestimate the value of networking. Build a strong support system and seek mentorship from those who have walked the path before you. Also, be open to innovation and leverage technology to create solutions that stand out. Most importantly, believe in yourself, and your vision—success often starts with a mindset of possibility.

 

B I O G R A P H Y

Imelda Usoro Olaoye is a seasoned sales and marketing leader who has worked in various sectors of the economy. Imelda is an expert in real estate, marketing consultancy, using new tools , technology & methods having successfully launched and run an award winning real estate digital marketing firm with branches in Lagos, Nigeria and Estonia, Europe ; Thinkmint Nigeria and Europe. 

She started her real estate/home sector marketing career in Clarions UK after which she joined PropertyPro.ng where she rose to lead the company’s media, real estate transactions and exhibitions team. Prior to this she had worked in the banking and pharmaceutical industry. 

A graduate of the University of Port- Harcourt, she has honed her skills in digital marketing, PR & advertising and business practice from the Edinburgh Business School. 

Imelda is a member of the International Real Estate Federation, FIABCI. She is also the Founder of Business Women Hub, a nonprofit organization dedicated to the growth of female-owned businesses , especially within their first five years of existence, and 1303 DSylva Events.

Apart from being an entrepreneur, she is a very passionate business growth manager, an award winning real estate consultant and philanthropist.

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Exclusive: Meet the founders building AI tools for education in Africa

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Akpan Emmanuel and Uche Nwaobi are the Co-founders of International Community for Educational Technology – ICEDT makers of Ai Teacha, a teaching app that has an engaging and interactive experience for both educators and learners. As pioneers in the educational technology sphere, Akpan and Uche understand the evolving needs of teachers. They are on a mission to empower educators with tools that transcend traditional boundaries. In this exclusive interview with Alaba Ayinuola of Business Africa Online (BAO), Akpan and Uche share their journey and why they are committed to reshaping the landscape of teaching and learning through cutting-edge artificial intelligence. Excerpts.

 

Alaba: What inspired you to start an EdTech company focused on Africa? 

Emmanuel: My inspiration came from witnessing the challenges educators and students face across Africa, particularly in underserved communities. Through initiatives like CS First Lagos Edu Consultant and Code Nigeria Project, I saw how technology could transform education by bridging gaps in access and quality. AI Teacha was born out of a desire to amplify this impact by empowering educators with AI-driven tools that reduce their workload, enhance student engagement, and improve learning outcomes. The platform represents my vision of using technology to make education accessible and equitable for all. 

 

Alaba: Could you briefly share your personal experience with education in Africa and how it shaped your vision? 

Uche: Having spent over 25 years in the classroom, I’ve experienced the daily challenges teachers face: overwhelming workloads, limited resources, and difficulty integrating technology into teaching. As a Microsoft Innovative Educator Master Trainer and TeachSDGs Ambassador, I’ve witnessed how transformative technology can be when used effectively. AI Teacha is my way of scaling those solutions. By combining local insights with global best practices, the platform addresses critical gaps, making it easier for educators to provide engaging and impactful lessons. 

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Alaba: What specific problems does your platform solve for African learners? 

Emmanuel & Uche: AI Teacha solves several pressing issues; 

Overburdened Educators: Teachers often spend countless hours on administrative tasks. AI Teacha automates processes like lesson planning and assessment creation, giving them more time to focus on teaching. 

Resource Constraints: Many schools lack quality teaching materials. Our platform provides AI-driven tools that help create lesson aids, activities, and personalized learning resources. Educational Equity: Students in underserved regions often have limited access to engaging and inclusive learning experiences. AI Teacha bridges this gap by offering affordable, accessible tools that cater to diverse learning styles. 

 

Alaba: Can you walk us through your platform’s key features and benefits? 

Emmanuel & Uche: AI Teacha offers a comprehensive suite of AI-powered tools designed to simplify teaching and improve student engagement: 

Lesson Plan Generator: Automates lesson planning, saving educators significant time. 

Assessment Generator: Provides customizable assessments tailored to student needs. 

Visual Aid Generator: Enhances classroom learning with interactive visuals. Text-to-Audio Conversion: Supports auditory learners by converting text into audio resources. 

Activity Generator: Creates engaging activities to boost classroom participation. These features reduce workload by up to 80%, making teaching more efficient and impactful while ensuring every student receives a high-quality education.

 

Alaba: How do you envision the future of learning in Africa, and what role does your company play? 

Emmanuel: I envision an Africa where technology eliminates barriers to education, enabling every child to access high-quality learning opportunities. AI Teacha will play a critical role in this future by equipping educators with tools to create personalized, engaging, and effective learning experiences. Our platform empowers teachers to reimagine their classrooms and inspires students to love learning. 

 

Alaba: How do you measure the impact of your platform on learning outcomes? 

Uche: We measure our impact through metrics like time saved by educators, improved student performance, and engagement rates on the platform. Additionally, we gather feedback from educators and collaborate with schools and education ministries to track progress. These insights help us refine our tools and ensure that AI Teacha continues to meet the needs of teachers and students. 

 

Alaba: What have been the biggest challenges you’ve faced as an EdTech entrepreneur in Africa? 

Emmanuel & Uche: Infrastructure Challenges: Limited internet connectivity in rural areas makes it difficult to scale technology solutions widely. Adoption Barriers: Introducing educators to new technologies requires significant training and awareness efforts.

Funding: Scaling AI Teacha in underserved regions while keeping it affordable has been challenging, but partnerships with schools, governments, and NGOs are helping us overcome these obstacles. Despite these challenges, our shared passion for transforming education keeps us focused and persistent. 

 

Alaba: Lastly, what advice would you give to aspiring EdTech entrepreneurs? Both Founders: Emmanuel: Focus on solving real problems for educators and students. Build simple, scalable solutions, and don’t give up – transforming education is a long journey that requires patience and dedication. 

Uche: Collaborate with teachers to understand their needs deeply. Invest in partnerships and prioritize affordability and impact in your solutions. Above all, believe in the power of education and technology to change lives.

 

Akpan Emmanuel is the Co-founder and Executive Director of International Community for Educational Technology -ICEDT makers of Ai Teacha. He is an Education Technology Consultant, a Microsoft Innovative Educator Master Trainer and a Microsoft Innovative Educator Expert.He is a Global Teacher and a facilitator for Global Project – a UN Project on SDGs. He supervises classrooms from US, Canada, UK, India and Greece teaching SDGs.

He is also TeachSDGs Ambassador, UK, he speaks at various Edtech conferences for educators and school leaders locally and internationally. He is very passionate about the Edtech space in Africa and committed to seeing the desired change.
 
Uche Nwaobi is the Co-founder and President of ICEDT. He is an Educational Technology Consultant and public speaker, Microsoft Innovative Educator Master Trainer, Microsoft Innovative Educator Expert, Microsoft Global Training Partner, Skype in the Classroom Master Teacher, TeachSDGs Ambassador, UK and Google Applied Digital Skills Ambassador.
Uche possesses incredible leadership and effective personal development skills and speaks regularly at various empowerment and motivational programs, edtech conferences for educators and school leaders. He is very passionate about making a difference in the world which includes life coaching and helping others live a more fulfilled life. He has over 25 years of classroom teaching experience and 5 years of teachers and school leaders Edtech training experience across Nigeria. He studied at the National Teachers Institute Kaduna, Adeniran Ogunsanya College of Education, Re-Imagine Education course graduate from University of Exerter, UK, and further groomed at the University of Buckingham, UK.
As an author, he writes from Lagos in his home country, Nigeria.

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