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.
Viero: A SaaS Platform Enabling Entrepreneurs Create Food Delivery App Without Code In 60 Seconds
Viero & Zistify Founders, Basheer Phiri and Hopewell Fakude
Launching a food delivery start-up requires an entrepreneur to manage 4 aspects; Restaurants, Delivery Agents, Customers, and the most costly of them all, an application. Building a food delivery application can cost up to $60 000. There are also additional costs that need to be paid on a monthly basis to maintain and improve the application. “This is a major barrier to entry into the food delivery industry in Africa” said Basheer Phiri, the founder and CEO of Viero.
“Because of these high costs, we see a lot of food delivery Startups all over Africa serving the urban market, because it is big, and has enough customers to cover the development and maintenance costs and make a profit.” Basheer believes that food delivery Startups do not target township and non-urban areas because these markets need to be built from the group up, which means additional marketing costs and slower growth and adoption rates.
Therefore, coupled with the need to cover maintenance costs and the demand for growth and traction from investors, food delivery Startups prefer competing in the already established urban markets. This has led to high concentration in urban markets while non-urban markets remain relatively untapped.
“We saw this and realised that there was value that could be created” said Basheer. “After speaking to a few interested entrepreneurs, we saw that they could manage every aspect of the food delivery business, but could not afford to pay for an App. That is how Viero was born”
Viero is a SaaS Platform that enables entrepreneurs to create a food delivery web application with no code in 60 seconds. (Here’s how it works – https://youtu.be/1T9oxNtRDpM).
The platform built a standard food delivery application template and enables it to be cloned, rebranded and hosted through white-labelling. Entrepreneurs can use the application under a monthly subscription and have access to many features depending on their chosen plan. Entrepreneurs can also make changes to the layout and design of their app, all without any code.
Launched in South Africa on 1 June 2020, the platform has achieved amazing uptake thus far. 22 Apps in total have been created with 2 Food delivery Startups that are live and operating in South Africa and 20 other Startups preparing for launch. 108 orders have been delivered, with R4700 processed in transactions, 200 customer users, 16 listed stores and 45 delivery agents.
Viero was launched by UCT students Basheer Phiri and Hopewell Fakude. They met in their first year in 2018 as residents of Smuts Hall Residence at The University of Cape Town, when they were introduced by a mutual friend who noticed their passion for entrepreneurship. Since then, they have worked together on several Startups and projects.
Basheer and Hopewell are not new to the food delivery industry. In 2019, they launched Zistify, a food delivery start-up for the university market. Zistify delivers food ordered from food vendors on campus through it’s app to university students and staff.
Viero is in capable hands and is ready to disrupt the food delivery industry in Africa. Currently raising a $100 000 seed round to incorporate logistics into its business offering, to bring in more talent to the team, and to continue building and improving the platform.
Meet The Resilient Black Brothers Saving The Planet One Car At A Time
AutoSparkle Owners, Jesse and Genesis Onomiwo (Image by: Jesse Onomiwo)
According to UNIDO’s Investment and Technology Promotion Office in Nigeria, only 20% of SMEs manage to survive in Nigeria. The studies further states that “although everybody in Nigeria desires to become an entrepreneur, only 40% of the dreamers get to start, but no more than 20% survive. But one innovative Lagos-based company seem to have gotten the winds in its sails instead.
Founded by Jesse and Genesis Onomiwo in 2010 in Lagos Nigeria, Autosparkle is currently the world’s only waterless luxury car interior-only detailing company with an option of waterless engine cleaning. As a fully integrated professional operation that combines convenience with environmental sustainability, the company takes their services to their clients without messing up the environment with water and soap.
Autosparkle was selected and named one of Nigeria’s Top Emerging SMEs for 2019 by ConnectNigeria. And just last month, the company also got selected as part of 200 businesses out of 5,000 others to take part in the first ever Forbes Digital Accelerator Program for Nigerian businesses. This has further opened the company up to top venture capital firms, successful founders from Silicon valley and a host of highly respected resource persons from Google, LinkedIn and other renowned credible organizations.
But the journey for the founders of Autosparkle hasn’t always been rosy. One of the company’s founders, Genesis Onomiwo, had to drop out of school for a whole year in order to come establish the company in Lagos. His brother and co-founder also had to push his National Youth Service forward by one year. When the business failed to pick up as envisaged, Genesis eventually had to return to the university where he completed his first degree in Architecture. In all, Autosparkle failed more than 8 times before finally picking up. But all that is history now as the rewards of their perseverance and exceptional business acumen is now starting to pay off beautifully well.
Autosparkle spotted a critical gap in the car care market and has so far exploited it richly. The common neglect by car wash shops that popularly dot the roadside in Nigeria and the observed dissatisfaction of most customers with often rushed jobs made the brothers decide to start focusing on waterless cleaning of what they term the two most critical parts of the car; the interior and engine. Their approach to car cleaning is based on nanotechnology and covers everything from stain removal, vacuuming, leather and upholstery treatment, dashboard conditioning, roof cleaning, plastic/rubber/chrome trim polishing, to deodorization, and more.
The level of personalized attention given to the details is based on the fact that Autosparkle treats each car according to its unique needs. That’s why it could take up to 3-4 hours to get one car completely detailed. They do not overlook any part because no one sees them. As a mobile unit, they take their pampering experience to homes and offices in Lekki, Victoria Island, Ikoyi and Ajah axes of Lagos Island and beyond in Nigeria. From the most executive to the most luxurious of cars, Autosparkle continues to renew the interior of cars for Nigeria’s affluent class and those expatriates living in Nigeria. And now a replacement for the word interior detailing.
Ultimately, the company is building the largest chain of environmentally friendly and convenient cleaning operations out of Africa. This covers waterless detailing (thorough cleaning) of luxury cars, aircrafts, boats, furniture and fittings in homes and other types of spaces. This company is certain one to look out for in the coming years.
Black Founders: Here are some fundraising and networking opportunities
In the past few weeks, the world has witnessed one of the largest civil rights movements in recent history. People across races, religions, geographies and social economic classes have joined together to demand justice, opportunity and respect for black people. As an African woman living in the US, I have personally seen and sometimes witnessed the ugly side of racism and racial bias. To make any meaningful difference, we must support each other in stamping out racism from not just the United States, but across the world. I am hopeful that this movement will bring practical solutions to the fight for social justice.
On the positive side, this movement has brought a renewed (and hopefully lasting) vigor and focus on black entrepreneurship. From venture capitalists to retail companies and professional communities, many institutions have committed to supporting black entrepreneurship in some way. If you’re a black founder, or looking to start a venture, now is the time to tap into new and existing resources and opportunities.
It might be difficult to keep track of them all, so I have curated some key resources.
- Apply to join the 2020 cohort for the 1-week immersive course by Black Founder’s Exchange.
- SoGal x Atlas is limiting this year’s Cohort for “Building without Burnout” to Black Entrepreneurs. Apply by June 15, 2020.
- Clever Girl Finance is now offering all its Finance Resources and Courses for free!
- Apply to join the Transparent Collective which is helping underrepresented founders access the resources they need to succeed.
- Apply for a $10k grant from IFundWomen. Deadline June 15, 2020.
- Apply for a grant at the National Association for the Self-Employed (maximum $4k).
- Founder Gym wants to help you learn about fundraising and scaling tech ventures.
- Have a fintech startup and are looking for solutions for underserved populations, Accion Venture Lab wants to talk to you.
- Reach out to funds that are passionate about supporting black founders such as: Harlem Capital, Backstage Capital, New Voices Fund, Cleo Capital and Cross Culture Ventures.
- Nihal Mehta, Co-founder of Eniac Venture is offering free 15-minute mentoring sessions to Black founders.
- Jason Lemkin, VC Investor is reviewing decks and pitches of Black Founders.
- Ha Nguyen wants to meet with Black and Latinx founders.
Networking and Community
- Add yourself to the Black Founders List, and get visibility.
- Join Valence, a network of black professionals.
- Follow the Black Enterprise blog.
- The Plug has all your information needs.
- Plan to attend the Women in Tech Conference; happens every year. 2020’s is virtual and is happening in July.
This is a dynamic shortlist of resources I could gather online and from my networks- will continue updating. Are you aware of any great resources or opportunities?
Please comment below.
Article By: Dami Olagunju Founder, Lagos Young Professionals Innovation Club (LYPIC)