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Denloye, Rustagi Spilled All to Startups at CFA’s Startups Hangout

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The much talked about June edition of the CFA’S Startups Hangout came up on Friday, June 23, 2017 and it lived up to it’s billing.

The attendee Startups really had their times worth at the event from insights given by the two distinguished and successful Entrepreneurs that spoke at the occasion, Deepankar Rustagi, Co-Founder, VConnect and  Nadu Denloye, PhD, Co-Founder, Telnet and Director, CDNet Ltd/Gte.

First to speak was Deepankar Rustagi, Co-Founder, VConnect, who stated that many people talk about the challenges of SME’s, but very few people do anything about it. He said that this was one of the reasons that VConnect was started in order to be of assistance to SME’s. Deepankar went on the state that the Social Media has various channels and businesses should always know which of the channels works best to promote their business.

He reiterated that technology should be used to simplify things, reach out to ones target customers/audiences. So they can patronize.

“Technology is not difficult to implement. You don’t have to be techy to operate your Facebook or WhatsApp. We are not scared of what to do, we are only scared of what will happen”, he stated.

Deepanker gave the attendee Startups, 8  things to imbibe when building a digital strategy and these are: a) Visibility; b) Accessibility; c) Highlight your differentiation; d) Be focused; e) Understand your target market and not the entire population. (Reach out to the right people); f) Choose what channel of social media to promote and sell your products; g) Create a good and impactful Customer Service; h) Measure your results.

In closing, Deepankar offered all the attendee Startups that attended the June 2017 edition of the CFA’s Startups Hangout, free registration for listing on VConnect.

The second Speaker, Nadu Denloye, PhD,  Co-Founder, Telnet and Director, CDNet Ltd/Gte, stated that, over time, the world has changed, but then, it has not really changed. ” The “What” and the “Why” of business has not changed over the years, but the “How’s” have changed”, she explained.

Dr. Denloye gave the elements of growing a business as: a) Turning an idea into a product or service; b) Turning your employees into your disciples by training and treating them well; c) Transforming a customer to a partner; d) Aligning your long-term objectives with those of your investors; e) Scaling your business upwards.

Dr. Denloye went on to state some things her team at Telnet did right as follows: a) Started small and growing the business gradually; b) Each team member knew his/her strengths and weaknesses and stuck to concentrating on his/her strength; c) Staff were developed and trained; d) The company walked its talk by saying what they can do and doing what they said; e) The company was constantly re-working itself through innovation of its products and services and forming effective partnerships; f) Breaking into other businesses with new brand names and with financial backing; g) Building transparency and culture of professionalism with customers.

One mistake she said she and her team made but, had to quickly correct at Telnet was that they kept putting in money without looking at the bottom line.

Some other strategies that Dr. Denloye advised the Startups to imbibe include: a) The fact that your personality reflects your business, hence, you are the change you want to see in your business;  b) You have to seek knowledge and seek it early; c) The challenges of business are ever present, so, you have to keep on solving challenges, no matter the size or level of your business d) Build your business for succession by training a successor to effectively take over from you.
 
“Your mindset, the attitude you put into your business, is what makes your business what it is and not where you graduated from”, she concluded.

The June 2017 edition was sponsored by VConnect.com, DC Hub and TAMS.

TAMS also made a presentation on the services it renders in the field of Human Resources from recruitment to retirement, etc., which the Startups can patronize in running the HR department.

Kudos also to the Media Partners of the CFA’s Startups Hangout, Nigerian CommunicationsWeek, Guardian Tech and CFAtech.ng for spreading the awareness of this unique opportunity for Startups to learn and grow.

Watch out on https://startups.cfatech.ng/ for details of the July 2017 edition of the CFA’s Startups Hangout which also promises to be excited and educative to our growing Startups.

CFA is the Founder, www.CFAtech.ng & Co-producer/Presenter,Tech Trends on Channels Television

 


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Adeleke Describes Adenuga’s Contribution to African Economy as Unquantifiable

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Senator Ademola Adeleke, the Osun State Governor, has described the Chairman of Globacom, Dr. Mike Adenuga, Jr., as an icon who has made enormous contributions to the development of Nigeria and Africa.

Speaking when he received the Public Sector team from Globacom in his office at Osogbo recently, the governor also commended the positive impact the company has made in the telecoms industry in terms of innovation and pricing.

He described Dr Adenuga as a great believer in Nigeria “whose impact on the Nigerian and the African economy cannot be quantified”.

Adeleke assured the Globacom team led by Niyi Odejobi of his government’s readiness to explore areas of business partnership with the company. “Be rest assured that this partnership is already a reality. We just need to work out the details”, Senator Adeleke noted.

He urged telecommunications companies to strengthen ties with the state government, adding that “the subnational entities are where your market is. Even though the regulatory body is national, your market base remains the states and the local governments. You must deliberately prioritize partnership with the state government.

“The telecom community must understand that giving full support to the states in terms of payment of right taxes and corporate social responsibility is an investment in your market. The more robust the state governments are, the more buoyant your market will be,” the governor said.

In his own remarks, Odejobi pledged Globacom’s support for the growth and development of Osun State, adding that it would deploy various internet and digital infrastructure to promote governance and businesses in the state.


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Foodstuff Store introduces Innovative Recycling Program

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Foodstuff Store, an AgriTech company on Wednesday announced the introduction of its innovative recycling program. The expansion of the corporate mission to include waste management and recycling solutions underlines the company’s commitment to sustainability and environmental responsibility.

Foodstuff Store is providing a way by which their customers who are provided with wholesome and fresh food products directly from farmers can now dispose of their plastic wastes as an added service, thereby reducing their ecological footprint.

For every waste item delivered for recycling by customers, they’ll receive a credit that can be used for a next purchase at the Foodstuff Store.

Not only will this ensure a contribution to a cleaner environment, but it will also provide a way to incentivise their efforts towards adopting sustainability practices.

“We are thrilled to offer our customers a convenient way to recycle and contribute to a cleaner Nigeria and a cleaner planet,” says Diana Tenabe, Chief Operating Officer at Foodstuff Store. “By offering rewards for recycling, we hope to incentivize eco-conscious behavior within our communities in Nigeria.”

Nigeria faces a significant challenge with plastic pollution. The prevalence of single-use plastics, which is caused by widespread use of sachet water pouches, plastic shopping bags, and take-away containers, leads to massive waste generation. There are also recycling capacity challenges in Nigeria, where only a small percentage of plastic waste gets recycled.

Additionally, indiscriminate disposal of plastics and other waste materials contributes to overflowing landfills with plastics, clogged drainages that lead to flooding, and harming marine life.

Foodstuff Store believes that by working together with its customers, it can create a positive impact on the environment. This new program allows customers to enjoy the quality products and services they expect from Foodstuff Store, while also contributing to a more sustainable future.


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Edenlife Opens the first Homemade Outlet Store in Oniru, to open 49 more Across the Country 

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Homemade by Eden, the food retail business of Nigerian home concierge startup, Edenlife has marked a significant step towards National expansion with the launch of its first Outlet store in Oniru, Lagos State. This move signals the company’s commitment to bringing its signature homemade meals directly to consumers across the country.

Commenting on the launch of the Oniru Outlet, Nadayar Enegesi, CEO of Edenliife stated, ‘’At Eden Life, it’s in our DNA to adapt and meet the evolving needs of our consumers.

The new outlet store by Homemade exemplifies this commitment. These outlet stores will deliver delicious, home-cooked meals to its customers and create job opportunities in logistics and tech support, driving local economic growth.

By sourcing fresh ingredients from smaller Nigerian farms, we strengthen the agricultural sector and ensure a reliable supply chain. And there’s more to come we have plans to launch mobile kitchens in other strategic locations across the nation.

It’s a win-win situation – our customers enjoy a taste of home, we create jobs, empower local businesses, and contribute to a stronger Nigerian economy.’’

The establishment of these outlet stores translates to new job opportunities in logistics and potentially tech support for the mobile units. Additionally, the focus on fresh, local ingredients could encourage partnerships with smaller Nigerian farms, strengthening the agricultural sector and supporting local food production.

This localized approach to food delivery keeps money circulating within communities and fosters a more sustainable economic ecosystem.

Speaking at the launch event on Friday, May 10, 2024, Orafiri Adoki, Business Lead of Homemade stated that some of Nigeria’s food culture has not been fully explored.

She stated, “Nigeria has such a rich culture around food, which has not been explored to its maximum. So, with the launch of the Homemade outlet, we hope to introduce some of the meals Nigerians are used to at home while providing creative and innovative ways to enjoy these meals,” .

As Nigeria’s e-commerce sector continues to evolve, Eden Life’s innovative approach positions the company as a frontrunner in driving industry growth and reshaping consumer expectations. By providing a seamless omnichannel shopping experience, Edenliife not only captures market share but also cultivates meaningful connections with Nigerian consumers.

Nigeria’s e-commerce industry has been experiencing a boom in recent years, driven by factors like increasing internet penetration, smartphone adoption, and a growing young population. The e-commerce market in Nigeria is estimated to be around USD 8.53 billion in 2024.

It is expected to grow at a compound annual growth rate (CAGR) of 11.82% during the forecast period (2024-2029), reaching approximately USD 14.92 billion by 2029. E-commerce is expected to continue its strong growth trajectory in Nigeria, presenting immense potential for e-commerce platforms like Edenlife to capitalize on the rising demand for convenient and affordable food options.


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