Ukaegbu Great Jr, is the Founder and CEO of Keanyi an eCommerce consumer goods retail platform that connects exclusively local manufacturing sellers with consumers. He is responsible for the performance and long-term strategic development of this new startup. In this exclusive interview with Uchechukwu Ajuzieogu of Business Africa Online, Ukaegbu speaks on the Keanyi’s experience in the all ready existing Nigerian market, current state of the eCommerce sector, the biggest potentials for growth in Nigeria and outlined his company’s future plans.
Uchechukwu: Kindly share your set goals when assuming as the CEO, and how much progress has been made?
Ukaegbu: The role of the CEO has sent me back to Libraries and web directories , Every Single day, I read books and articles of becoming a better manager and understanding the market, above all I have adopted the culture of learning, unlearning and relearning. My goals as the CEO is to primarily see Keanyi reached our vision and goals as a company, creating thousands of Jobs and empowering Nigeria and African SMEs. Yes, I’m the CEO of Keanyi but sometimes I get scared to address myself as CEO because that’s not just a title, its work more than a war to conquer.
Uchechukwu: Can you provide some insights into Keanyi’s presence in Nigeria?
Ukaegbu: Keanyi was an idea that was conceived early 2016, then called Ariaria Online because we thought it to be more of an Aba thing, after much consultations, experts advised us to change the name because it will box our content and scope of reach. By early 2017 , we had re-branded to Keanyi adapted from an Igbo word ‘Nkeanyi’ which means our own. Keanyi was launched on the 3rd of October 2019 on the web space.
Our Goal is to put up made in Nigeria Products back to the map, and we will achieve it. After the launch we have seen lots of challenges and we are set to conquer them, Our primary interest was to boost to Aba market but we got negative signs on our radar with much rejections coming from the Aba manufacturers.
One of the interesting Facts about Keanyi’s presence is that 99.5% of vendors on Keanyi are from Lagos, and this is a good sign seeing Lagos as the hub of business, we might be concentrating more on Lagos, alongside Kano and probably Aba for vendors while targeting major cities in Nigeria.
Uchechukwu: What has been Keanyi’s experience in the market in terms of its challenges, competition and successes?
Ukaegbu: Keanyi’s experience in Nigeria has been that of Stable growth, our vendors keep increasing every Single day, One of the major challenges I have seen is acceptability. Keanyi is new and we are just One Month old and being an idea that seems to be swimming against a heavy wave of a growing economy, we are doing all to calm the tide. Challenges are there but we will bring bring them to justice.
About Competitors, they will be there and I believe strategies makes the difference. Success is never a war won completely,it’s a continuous war and the only way to stay alive in the war is to keep winning every Single day.We are growing and waxing strong in the market.
Uchechukwu: In terms of reputation and performance, where would you like to see Keanyi and NIGERIA in 3–5 yrs?
Ukaegbu: Keanyi is a child in the industry. Let me make reference to a book of by my friend Obinna Uzoije: “Nigeria has never witnessed an industrial revolution and i believe the time is now.” Why is China dominating; Industrial dominance and control, just like the metamorphoses of the butterfly, I’m seeing Nigeria SMEs rise above SMEs to big business through Keanyi because our goal is to put Nigeria Products to the map. In the next 3 years, we will be setting the pace to connect African SMEs and businesses which we call the Shift 2023.
Uchechukwu: How would you evaluate the current state of the Local Manufacturing sector in Nigeria?
Ukaegbu: Manufacturing in Nigeria is indeed one the biggest challenges we are facing and ready to see it change. 78% of the SMEs producing, produces at request which I can tally to subsistence agriculture, their output most times is not much probably because of their mode of production/manufacturing.
With Keanyi’s presence to boost the market, we hope to see most of the manufacturing SMEs switch to the industrial/enterprise stage. We also aim to invest heavily to boost their production.
Uchechukwu: Where are the biggest potentials for growth in Nigeria now and beyond?
Ukaegbu: Our biggest Potential no doubt is our population, we have a higher percentage to sell to but the level of poverty keeps stalling these potentials making us have zero percentage to sell to most times. Our Potentials is nested to our population and government Policies in the now and beyond ,the government must have good policies, sometimes I feel that Nigeria is a socialist state because of the effects of Government on the economy.
Uchechukwu: Tell us about Keanyi Vendor Platform and the gap its filling?
Ukaegbu: The Keanyi Vendor Platform is one of the best modifications we introduced on the platform because our market keeps growing every single day. The Vendor presence made us to launch the ‘Zero Sales Season’, where a Vendor signs up, put up their products and sell without us taking any percentage, the Zero Sales Season started from November 2019 and will span till Feb 2020.
Uchechukwu: Describe your leadership style, and what Keanyi Represents?
Ukaegbu: My Leadership style is goal oriented. I have my eyes on the goal, and I will do all the reach the goals with the Keanyi team. Being a leader means you have unlearn, learn and relearn. I understand that every single member of Keanyi has goals to live for as a person and I will also put myself in their shoes to make their goals come to reality. I remind myself that leadership is about humility every single day.
Uchechukwu: What are your Source of Resilience?
Ukaegbu: My source of Resilience is drawn from two different Sources;
– Jesus: I might sound religious here because in this Keanyi journey, I have always drawn more strength from prayers and directions. A lot of times as a person, I had loved to shut down and look for a soft work or even travel abroad, but He(Jesus) has been faithful.
- My second source of Resilience is the power of time and opportunity: I believe Nigeria at a time when the Rise of SMEs is on a higher magnitude, which calls for a marketplace. I am sure that Keanyi will be the next big thing that happened to the Nigerian Economy
- My Able Team: At this Point i would like to say that my biggest Source of Resilience is my Team, I want to appreciate Keanyi’s Chief Technology Officer — Mr. Uchechukwu Ajuzieogu. This man been doing a lot for Keanyi , I owe him a lot in this life. I also want appreciate our Chief Operating Officer the beautiful intelligent lady and mother, an event shaker, and business maker — Mrs. Flora Mgbeledeogu, thanks for all the time you have been amazing. I owe you more, you guys has helped me grow, lets keep doing this.
Uchechukwu: An average CEO reads 52 books in a month. What’s your reading Pattern?
Ukaegbu: A lot of books has made me see beyond the norm, the stories and setting might be different but the strengths seems similar. I used to think reading was never my thing, but i read on a daily basis now; print and web. It’s been amazing getting more informed everyday. I read at night most times and I’m currently reading a book by Strivye Masiyiwa.
Uchechukwu: What is your advice for aspiring entrepreneurs and graduate students?
Ukaegbu: Well entrepreneurship is a journey of 20% Idea, and 70% resilience. Ever Imagine watering an apple tree from nursery and watching it grow. As an entrepreneur get people who are better than you, its helping me already, network,build contacts and allies within your niche, work hard and above all listen to your customers — they are the king.
Graduate is a title that comes with paper, which can only guarantee you job from a company who likes your paper, but a skill is your job which you offer for people who pays for it. While you read books to pass exams and leave the four walls of college, get skilled to overcome the under-utilization of the graduate paper.
B I O G R A P H Y
Ukaegbu Great Jr, is the Founder and CEO of Keanyi an eCommerce consumer goods e-commerce retail platform that connects exclusively local manufacturing sellers with consumers. Ukaegbu has more than 5 years experience in the Graphics, Branding and eCommerce ecosystem
He is also the founder of ABSUVilla. Prior to this role, he took on various senior roles with various organization — PR and Social Media Manager for Today’s 95.1 FM. He is a Nigerian and fluent in several languages including English, Hausa, and Igbo.
Wahida Mohamed: Empowering Women And Championing Islamic Financing In Sub Saharan Africa
Wahida Mohamed is the founder of Islamic FinTech Hub and a retail banker with over 10 years’ experience in conventional International trade finance and SME Relationship Management. She has also worked for a Democratic Governance Programme implemented for 3 years immediately post the promulgation of Kenya’s 2010 Constitution. She has been of service to Somaliland by working for a Mott Macdonald managed – Somaliland Development Fund Secretariat that provided and managed an external development budget aligned to the country’s 5 year National Development Plan.
In order to make better use of her Monitoring and Evaluation qualifications Wahida founded One OAK Consultants that was selected out of 20,000 applicants to be part of the inaugural cohort of The Tony Elumelu Entrepreneurship Programme. One OAK Consultants uses Randomised Controlled Trials. It also makes a comparison of objective and subjective indicators to determine baseline and assess progress as well as impact of development programming interventions. One OAK Consultant she begun exploring the use of Immersive Virtual Reality as a reporting and advocacy tool.
Wahida’s passion for Islamic Finance Research has enabled her to participate in various studies in Sub Saharan Africa commissioned by The Islamic Research Training Institute – the research arm of The Islamic Development Bank, headquartered in Saudi Arabia. Her forte is Islamic financial inclusion, capability and consumer protection studies. She has also led a team that developed a Working Paper entitled Islamic Banking and Economic Infrastructure Development -Kenya’s prospects for The Kenya Bankers Association – Centre for Research on Financial Markets and Policy.
Her keen interest in addressing systemic barriers and other challenges that prevent women and girls from accessing and using financial services therefore impacting negatively on their economic empowerment is one of the drivers for the establishment of her latest venture– The Islamic Fintech Hub for Sub Saharan Africa (IsFHSSA). The other reason being winning a PhD Scholarship Award for ICT for Development.
IsFHSSA targets start-ups from ideation stage with a gender focus lens. Its first cohort comprises of an agribusiness with a halal certification feature that it is looking forward to developing in collaboration with Indonesian Halal Certification experts -PT. Ammacue Ihalals Ummatin. In this way the start-up will open up the Asian and other Islamic Consumer markets for its Sub Saharan Africa domiciled suppliers. This start-up has been selected for 12 months incubation, capacity building and financing by The Kenya Climate Innovation Centre (KCIC) – an initiative supported by the World Bank’s infoDev and is the first in a global network of CICs launched by infoDev’s Climate Technology Program (CTP).KCIC is funded by the United Kingdom’s UKaid and the Danish Ministry of Foreign Affairs.
Another startup is a Takaful solution provider that leverages on blockchain and has just completed participation in round two of the on-going 2020 Corda Challenge. This startup is looking forward to working with Takaful Outsource of Netherlands to develop its sharia compliant products.
IsFHSSA is also host to an e-learning platform that will make use of TAIF Digital Institute – an Islamic Finance & Technology company with offices in UAE & Canada. TAIF is committed to support IsFHSSA initiative to deliver world-class Digital Learning Experience across Kenya & region. TAIF is seeking to connect students and teachers from different schools across Sub Saharan Africa.
Other start-ups in IsFHSSA first cohort are a wholly mobile sharia complaint microfinance targeting the Gambian Market; an app targeting sports persons and teams with the aim of building sports careers as well as refurbishing/commercialisation of grass root sports facilities; a sharia compliant mobile lending platform; institutionalization of Zakat vide a network of masjids; automation of sharia advisory services using Machine Learning and sharia complaint crowd funding platform for real estate and specialized agricultural projects development.IsFHSSA is part of the Fintech Galaxy UAE Ecosystem.
Clearly IsFHSSA less than six months’ trajectory is steep and promises to offer interesting businesses and discourse around Islamic Fintech from Sub Saharan Africa.
Wahida was born and raised in Mombasa, Kenya. She holds a Masters in Monitoring and Evaluation from Maseno University, a BSc. Statistics from Egerton University, Post Graduate Certificate in Business Administration from the University of Manchester and Diploma in Financial Services Management from the Institute of Financial Services UK.
Serah Odende, co-founder of African Harvesters Talks Entrepreneurship and Her Initiative Ag4SDGs
Serah Odende is co-Founder and CEO of African Harvesters, an AgriMedia (marketing, advocacy and training) startup based in Lagos, Nigeria. She has years of experience working directly with critical stakeholders in the agricultural ecosystem focusing on Agriculture and SDGs, policy advocacy, research, training and community development. In this interview with Alaba Ayinuola of Business Africa Online, she talks about her entrepreneurship journey and initiative Ag4SDGs, and more. Excerpts.
Alaba: Kindly tell us about African Harvesters and the gap it’s filling?
Serah: African Harvesters is an agribusiness hub for agricultural stakeholders across the African agribusiness value chains (farm to table). We fill the information gap in the industry, we agvocate youth engagement and investment in Agriculture, we also agvocate for women inclusion in Agribusiness.
Alaba: What sparked the interest?
Serah: Wow! I would say unemployment and passion for food security. I was a graduate out of the university searching for a job and I got an opportunity to work with an agribusiness association, that’s where was my interest in Agriculture rose.
Alaba: Could you share some of your challenges and how you’re navigating them?
Serah: Challenges are milestones to be crushed! As an organization, our major challenge is getting quality human resource as our volunteers. We resolved the challenge by giving incentives to our volunteers across Africa.
Alaba: How does Agriculture interact with SDG goals?
Serah: The main SDG that is Agriculture inclined is the SDG2 which is zero hunger. Zero hunger basically means no hunger. For this SDG to be achieved by 2030, this means that there would be no hunger as the case may be. For this to be achieved climate smart agriculture needs to be upheld which is SDG 14, gender equality and women inclusion in agricultural decisions which is SDG 10 and 5 respectively.
Aquaculture needs to be explored to attain food sufficiency which is SDG 14. SDG 15 interacts with Agriculture in the aspect of land degradation, biodiversity, afforestation etc.
Alaba: The Covid-19 pandemic has negative impact on the Agricultural value chain. What solutions will you proffer?
Serah: There should be synergy between every Agriculture stakeholders across the value chain. The Covid-19 pandemic has shown the significance of synergy; government, developmental partners and private sectors needs to work together to achieve zero hunger by 2030.
Alaba: Are we post Covid-19 ready and what are the prospects to look out for?
Serah: Yes we are post COVID-19 ready. As an organisation, African Harvesters has always embraced digital solutions to our operations as we are in strategic countries across Africa, the pandemic has made us to re engineer our mode of operations.
Alaba: What support do you expect from the government?
Serah: The pandemic has added to the responsibility of the government to do better. I expect the government to create an enabling environment for businesses to thrive. Multiple taxations is not the solution.
Alaba: Could you tell us more about your initiative, Agriculture for SDGs (Ag4SDGs) and it’s impact?
Serah: Agriculture for SDGs (Ag4SDGs) is our sustainability initiative at African Harvesters, we enlighten the public on the impact of Agriculture in solving the Sustainability Development Goals (SDGs). We hold online sessions to share more light on the relationship Agriculture has with the SDGs. We also teach kids on sustainability, food waste, hand washing, recycling, water management among other things. We plan to expand our reach on the Ag4SDGs initiative to schools and other African countries outside Nigeria.
Alaba: What’s the future for African Harvesters?
Serah: We envision being the go to resource platform for opportunities, agribusiness happenings across Africa. We also want to open up frontiers for funding opportunities for the platform- African Harvesters.
Alaba: How are you encouraging young female entrepreneurs into the agribusiness ecosystem?
Serah: We at African Harvesters support women inclusion in Agriculture which is SDG 5 and SDG 10. We uphold gender equality, as a female founded startup we include women in all our opportunities with our developmental partners and negotiate equal benefits for our male and female beneficiaries.
B I O G R A P H Y
Serah Odende is an outstanding sustainability development advocate with experience in SDGs 2 and 12. She is the co-Founder and CEO of African Harvesters, an AgriMedia, marketing and advocacy startup based in Lagos, Nigeria. Serah is also a reputable digital transformation consultant with experience in training, digital marketing, social media, email automation and customer experience.
Serah Odende helps organisations position their brands on traditional and digital media.
Chidi Nwaogu: Multi Award-Winning Entrepreneur Launches Global Fellowship Program for Aspiring And Early-Stage Entrepreneurs
Chidi Nwaogu, Founder Publiseer (Source: Chidi Nwaogu).
On the journey to impact over 10,000 professionals before year-end, Nigerian serial tech entrepreneur and software developer, Chidi Nwaogu, launches a global fellowship program for those passionate about solving some of the world’s most pressing problems through innovation. Savvy Fellowship is built for those who want to build their own impact-driven business but don’t know how to, or for those who own an early-stage business and want to grow and scale their impact into new markets or verticals. It is a 12 weeks e-learning, assessment, and mentorship program, where individuals learn everything from ideation to venture-scaling. After going through the 12-week program, Fellows receive a Certificate of Completion to proudly share with their professional network.
“Due to the COVID-19 pandemic, many have lost their jobs and are now living in an uncertain world. I have decided to start the Savvy Fellowship, to equip passionate individuals with the necessary knowledge and skill they need to start their own impact-driven business and succeed as entrepreneurs,” says Chidi Nwaogu, co-founder at Savvy, multi-award-winning serial entrepreneur, and author of the ‘Dear Entrepreneur’ book series. “It’s no news that every day, I love sharing with others what I’ve learned from my experience as an entrepreneur, and Savvy is just an extension of that personal journey of sharing for me.
Savvy is a 12-week-long virtual fellowship program that runs throughout the year. Some of the things Savvy Fellows learn include fundraising for their business, building the right team to execute their business strategies, building buzz around their product or service, achieving product-market fit, scaling into new markets and verticals, and building customer loyalty and retention.”
Savvy Fellowship kicks off with a rigorous 12-weeks e-learning experience. Savvy Fellows get to learn how to start, build, and scale an impact venture. Using visual presentations, they get to answer all the relevant questions they need to kickstart their impact venture, gain early traction, achieve product-market fit, and scale into newer markets. Some of the things they learn during the program are ‘understanding their customer’, ‘building a product or service that effectively solves their key challenges’, and ‘effectively positioning their solution in the market.’ Savvy is for every impact entrepreneur, no matter what stage their venture is.
During the 12 weeks of learning, unlearning, and relearning, Fellows can test their understanding by taking weekly multiple-choice quizzes. Fellows use the weekly assessments to identify their strengths and weaknesses and work on improving their areas of weaknesses. While learning, Fellows are offered mentorship as well, from entrepreneurs who have built post-revenue businesses in diverse sectors, which is a great way to have a better understanding of their industry. The Savvy mentorship team includes nearly 60 changemakers from 20 countries, with a combined experience of over 250 years. Savvy also runs a peer-to-peer mentorship program that helps Fellows learn from each other, as they ask questions, and have other Fellows help answer them.
Savvy Fellowship launched on August 4, 2020, with its call for application. So far, nearly 10,000 applications from 71 countries have been received for the Savvy Fellowship program, and 1,222 Savvy Fellows (~10%) from 64 countries around the world, has been selected. The program intends to select 2,000 Fellows, so call for application is still open. There is no cohort, no application deadline, and no ethnic restriction, so you can apply today. Savvy accepts new Fellows between the ages of 18 to 40. It’s a rolling Fellowship program, so new applications are accepted, every day, year-round.
Interested individuals can apply to the Fellowship program from https://savvyfellows.com/apply/
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