" ITREALMS: Austin Okere
Showing posts with label Austin Okere. Show all posts
Showing posts with label Austin Okere. Show all posts

Monday, May 20, 2024

Air Peace battle for skies: Strategies to gain competitive advantage by Austin Okere - ITREALMS

Commentary@ITREALMS ... making leadership SENSE with digital news!

Battle for the skies
Congratulations to Air Peace on its inaugural flight to London and for achieving full bookings for the upcoming months, thanks to attractive ticket prices. Over the past fortnight, Air Peace has been making waves on social media for various reasons. On a positive note, the airline shared a LinkedIn post featuring a picture of former Nigerian President, Chief Olusegun Obasanjo, aboard a return flight to London. The caption highlighted his positive experience, stating, "I went, it was pleasant. I came back, it was even more pleasant." However, on a different note, Nigeria Stories recently reported that the United Kingdom Civil Aviation Authority has contacted Nigeria's Civil Aviation Authority regarding alleged violations of aviation safety regulations by Air Peace.
Air Peace battle for skies: Strategies to gain competitive advantage by Austin Okere - ITREALMS
The significance of Air Peace's impact on airfares along the Lagos-London route cannot be overstated. Since commencing operations on March 30, Air Peace has maintained its round-trip economy ticket price at $1,000 (₦1.2 million), a substantial reduction compared to the previous rates charged by international airlines, which could soar up to $2,500 (₦3 million). This bold pricing approach has disrupted the established norms, prompting foreign carriers to reassess their pricing frameworks.

Monday, April 10, 2023

Navigating away from abyss of 2023 Presidential Election by Austin Okere - ITREALMS

MondayCommentary@ITREALMS ... making leadership SENSE with digital news!

Reading about the post-2023 Presidential election discourse in Nigeria is exasperating. The politicians have successfully steered the discourse away from logical discussions about our country's development to emotional and divisive topics such as tribalism and religion. 
This tactic has been used to maintain the status quo by dividing the population. People are willing to overlook the truth and blindly follow their tribal or religious affiliations. We have all been manipulated and will continue to be until we can break free from this narrow-minded way of viewing national issues.
Navigating away from abyss of 2023 Presidential Election by Austin Okere - ITREALMS
History has taught us that following the paths of ethnic and religious bigotry leads us to no viable destination. The Rwandan Genocide serves as an example of the tragic outcome of such paths.The genocide against the Tutsi in Rwanda, also known as the Rwandan genocide, occurred during the Rwandan Civil War between April 7 and July 15, 1994. Over the course of about 100 days, armed Hutu militias killed members of the Tutsi minority ethnic group, as well as some moderate Hutu and Twa. The most widely accepted scholarly estimates put the number of Tutsi deaths between 500,000 to 662,000.

Friday, April 15, 2022

Ausso Leadership Academy marks fourth anniversary - ITREALMS

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The foremost leadership academy on the continent, the Ausso Leadership Academy (ALA) turned four on April 12, 2022, reports 
ITREALMS
Austin Okere, Founder of ALA
Disclosing this, the founder of ALA, Mr. Austin Okere said are excited to be celebrating the fourth year anniversary.

Tuesday, October 08, 2019

Austin Okere to keynote @ MoDiTECH’19 - ITREALMS

The Founder and Vice Chairman, CWG Plc, Mr. Austin Okere has been confirmed as the keynote speaker at the maiden edition of Mobile & Disruptive Technology Forum (MoDiTECH 2019) holding on October 24, 2019 in Lagos State, Nigeria, reports ITREALMS.
ModiTECH’19 is being organised by TechEconomy.ng in collaboration with Nigeria CommunicationsWeek, as a platform for inter-sectorial review of economic impacts of technologies; giving particular attention to the disruptive potentials of emerging solutions supported by the Artificial Intelligence, Machine Learning, Data Analytics, Robotics, FinTechs and mobile phone economy around retail and service provision

The event under the theme: “The Power of Digital Services”, holds at Victoria Crown Plaza Hotel (VCP), 292B, Ajose Adeogun Street, Victoria Island, Lagos under the chairman of the Managing Director of Rack Centre, Dr. Ayotunde Coker, while the Chairman, Connect Technologies & Africa Chair for IEEE, Chris Uwaje (Oracle), is the co-chairman and will moderate a session on digital disruptions.

The Minister of Communications, Dr. Isa Ibrahim Pantami is the special guest of honour. Other special invitees expected at the Forum are the Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta; the Director General of the National Technology Development Agency (NITDA), Kashifu Inuwa Abdullahi; the Managing Director of Rack Centre, Dr. Tunde Coker; the President, African ICT Foundation (AfICTF), Mr Tony Ojobo; the President of NiRA, Mr. Muhammed Rudman, to name a few.

Other speakers include, the Co-Founder/COO, Digital Encode, Dr. Obadare Peter Adewale; President, African ICT Foundation, Mr. Tony Ojobo; Co-founder/CTO, Digital Encode, Dr. Oluseyi Akindeinde; the Chief Operating Officer, FinTech Association of Nigeria (FinTechngr), Dr. Babatunde Obrima; the Founder Rise Labs; Nigeria’s First AI powered Learning, Research & Work Readiness Centre, Toyosi Akerele-Ogunsiji; the Chief Technology Strategist, Debbie Mishael Consulting & Board Member Global Advisory Council, EC-Council, Engr. Frank Ogochukwu; the Managing Director of Global Accelerex Limited, Tunde Ogungbade, amongst others.

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Wednesday, April 26, 2017

Okere’s five forces for future banking

Commentary@ITRealms:
Having enjoyed centuries of monopoly, assured by the support of regulation, including through stringent requirements to new licensees, the erstwhile secured future of traditional banks is facing a heightened threat of disruption from Financial Technology companies (or FINTECHs), who are exploiting pent-up customer dissatisfaction and new technologies such as blockchain, coupled with the significant boost in smartphone adoption and pervasive broadband to disrupt the sector. 

The foundation of the Fintechs’ disruptive model lies in a peer-to-peer model for transactions, without any middleman or Central Authority in mind. A model that will possibly render the current establishment totally redundant and irrelevant.

The biggest threat to the banks has been precisely their seeming success. Centuries of relatively significant higher returns, even in the midst of economic downturns that adversely affect the real sectors, has engendered an attitude of invincibility and pomposity, characterised by a loss of touch with their customers.

Considered too big to fail, they take it for granted that they will be bailed out with taxpayers’ money in the event of any missteps – a perfect prey for disruption.

There are indeed five forces that will define the new face of banking: 
1. The banks - traditional and established, best with cash and ancillary instruments 
2. Fintechs – the new kid on the block, disrupter, mostly telecom roots, best with digital currencies and mobile services
3. Regulators - Central Banks, regulating traditional banks; and Communication Commissions, responsible for telecoms regulation (and thus Fintechs) 
4. Currencies - traditional, such as cash and cheques; or Digital, such as bitcoin or other cryptocurrencies
5. Customers - the weight and force of their new found voice. Typically, they clamour for whatever will give them convenience and lower costs. 

These forces and their interplay are represented in the schematic below:
A schematic representation of Austin's five forces analysis of the future of banking. 

Customers are the most significant force, and represented by the outermost sector of the concentric circles. As they tend more towards a preference for digital currencies, the Fintechs will tend to assume a more prominent role in the new face of banking, and the Regulatory regime will inadvertently tend towards the Communication Commissions under whose purview the Fintechs fall. 

This will introduce a regulatory imbroglio, as future ‘Huge Banks’ may fall outside the regulatory ambit of Central Banks (as seems to be the case with the MPESA mobile money platform, through which 25million Kenyans transacted $28billion in 2015, representing about 44% of the country’s GDP. Safaricom, the telecoms promoter of MPESA ironically falls under the regulation of the Communications Authority of Kenya rather than the Kenyan Central Bank).

If the customers however, maintain a strong appetite for traditional instruments of financial transactions such as notes & coins, cheques etc. then the current status quo will remain. The face of banking will thus be more of the same, and the regulatory authority will continue to be Central Banks. Between these two positions may be many variants, depending on the appetite and preferences of customers, and the pace at which they are willing to embrace change.

The essence of the Austin Okere’s Five Forces model is to enable players equip themselves with the imperatives that will ensure that their business is continuously relevant in the sector. It helps to guide the formulation of your prediction based on the following considerations:
·        whether there will indeed be a disruption
·        What the disrupted space will look like
·        The scale of disruption 
·        The pace of disruption

A correct application of Austin’s five forces model will define the difference between whether you continue to be in business, or whether your business model will become irrelevant and redundant.

Even though I developed the Austin’s five forces model, primarily to analyse the direction of the future of banking, the model can also be used to analyse any industry which is susceptible to disruption from the pervasive blockchain technology; including Real Estate; e.g. EY’s Australian operations piloted a real estate blockchain ecosystem that is now being used in the market to trade full, and even fractional ownership of properties. 

And also Government; e.g. Ukraine has partnered with global technology company, the Bitfury Group to put a sweeping range of government data on a blockchain platform. Dubai also has an ambitious blockchain strategy to issue all government documents on blockchain by 2020.

I will like to acknowledge due credits for this work to all blockchain enthusiasts, whose previous works have provided valuable insights, and also to my dear Son, Iheomimi Okere, who is quite artistically inclined, and has been able to correctly interpret my model in an aesthetic schematic.

*Contributed by Austin Okere, founder of CWG
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*Image by Omimi Okere

Tuesday, April 04, 2017

Mentality of wining according to Austin Okere

"The thing about winning and losing is that they are both self-reinforcing."
The Gunners as a metaphor
As an Arsenal football club fan, how do I convince anybody that the team is good or that coach Arsene Wenger is doing a good job, given the long spate of trophy draught and inexplicable losses in the current season both in the English Premier league and the Champions league?

The mentality of winning and losing – the Tyson effect
Winning reinforces your self-confidence and instils an inherent mythical fear in your opponents. The whole team is energised and ready for the next win. Losing on the other hand, engenders a loss of confidence and a significant level of demystification, inviting all manner of opponents to fancy their chances at you, as happened when the erstwhile undefeated heavyweight boxing champion, Mike Tyson lost to a lowly challenger, Buster Douglas in 1990 in Tokyo, Japan. This was followed by a string of losses leading to a less glorious retirement, highlighted by his biting off the ear of an opponent, Evander Holyfield, during a boxing match. Thus, was dimmed a golden opportunity of going down in history as one of the greatest heavyweights of all time.

Reversing the pattern – Leicester City FC finds her magic
Taking the steps required to reverse your losing spree and shifting into a winning mentality restores your lost glory, seemingly obliterating the past string of losses e.g. Leicester City Football Club; after parting ways with coach Claudio Ranieri (ironically the same coach that propelled them to the dizzying heights of winning the English Premier League title last year) have suddenly become unstoppable again; beating the better rated Spanish side, Sevilla FC for a place in the Quarter Finals of the UEFA Champions League. Even as first timers, they are the only English team still flying the British flag where great teams such as Manchester City and Arsenal have crashed out.

Winning is ‘In spite of’; Losing is ‘because of’ - the Usain Bolt determination
A loser’s mentality is strongly underpinned by a culture of excuses; finding ‘very good’ reasons why you didn’t make it or why you lost; as if this will magically convert the loss into a win. An earful of balderdash at best.

A winner’s mentality on the other hand, is centred on ‘making it’ in spite of all odds. A very good example being Usain Bolt, who not only holds the world record for the fastest human dead or alive, but also winning three gold medals in the 100m, 200m and 4X100m races in three consecutive Olympics; Beijing (2008), London (2012) and Rio (2016) – Now, that is a winner with a strong winning mentality. 
Believe me, it was no walk in the park. He knew what he had to do when overconfidence brought an embarrassing loss to his training partner and competitor Johan Blake. Blake beat Bolt to second place in both the 100m and 200m at the 2012 Olympic trials in Jamaica, and this was just about a month to the London Olympics. Just imagine the pressure that Bolt would have felt. In the beginning he resorted to excuses; he blamed the 100m loss on a poor start, and the 200m on a poor bend. Realising that a golden dream was evaporating before his eyes, he quickly faced reality in his following statement, capturing his renewed attitude “it’s all about work and just needing to get my things together and get it right. I’ve got to get in the work and figure out what I did wrong”. And with that he got himself in shape in time to win both events at the London Olympics. He did work very hard and deserved the results and his place in history (watch the documentary on him titled ‘I am Bolt’).

The Nigerian Super Eagles – Our ‘Invincible’ of old
I remember with nostalgia when all the immigration officers in the countries that I visited in the 1990’s became very friendly upon sighting my Nigerian Passport, reeling the names of our Super Eagle players and asking me if I knew them; Jay-Jay, Kanu, Amuneke, Keshi, Okechukwu, Taribo, Oliseh, Rufia, Amokachie, Yekini, Siasia, Ikpeba and the host of others .

These were the glory days of Nigerian soccer, where other teams’ reverence of our players conferred on us very deep respect as a country. Not so these days; we have managed to get ourselves stuck in a losers’ mentality to the extent that ‘the giant of Africa’ did not even qualify for the last edition of the African Nations Cup in Gabon this year. We managed to win the bronze medal at the Rio Olympics, but who remembers, after the unbelievable story of our players being stranded in America and arriving hours before their opening match; what manner of organisation? The headlines in the global media were enough to make every Nigerian bow their heads in shame. The Mirror succinctly captured it thus “Nigerian Olympic football team stranded in Atlanta hours before first game after unpaid flight bill”. You did not need to read the body of the copy to see how shoddy our organisation could be. How can we aspire to Gold with this attitude?

We need the right attitude to aspire to greatness – the China and Dubai examples
Countries like the UAE did not attain their heights by sudden flight, but rather toiled over the midnight candle while other less ambitious ones floundered, more so the ones with more human and natural resources and much more potential. They have keyed into a certain winners’ mentality that sees them breaking record after record.

For instance, The Burj Khalifa in Dubai is the tallest building in the whole world. A trip to Dubai will convince you beyond doubt about how seriously they take themselves, and how seriously everybody takes them. China is another story. For over three decades, China has had the world’s fastest growing major economy. The country is in the midst of urbanisation on an unparalleled scale.

With more than 1.3billion citizens, China is the world’s most populous country. Until the late 20th century, most of her citizens lived in rural areas. Within a 50-year span, the percentage of city-dwellers rose from 13 to 50%. On a recent visit with my wife, we could only marvel at the scenic beauty of the west Lake area of Hangzhou, the capital of Zhejiang province. Our Chinese tour guide, Mr. Forrest informed us that the plan of the Government was to lift a third of the population into the millionaires club within the next 10 years.

Without power we have not even started – the Muritala Mohammed Airport blues
Africa is called the ‘Dark Continent’ for a reason; it is literally pitch dark when you fly overhead at night, due to the dearth of electric power. The sound track of Lagos, and indeed many Nigerian cities is the din of generators coughing up smoke into the already polluted environment, making the ban on public smoking of tobacco quite superfluous. From reliable reports, our International Gateway, Muritala Muhammed Airport (MMA) has had to rely on candle lights more than once, due to power outage (and unbelievably, failure of the generator secondary source).

To tell it the way it is, MMA being the first and last impression of a visitor to Nigeria is either a misrepresentation, or a sad commentary on us as Nigerians. The non-functioning escalators over many years, projects us as a set of very unserious people. How complex is the technology and what will it take to fix it?

The drive from the airport to the Third Mainland Bridge that takes you into the commercial business districts of Victoria and Lagos Islands  could qualify as one of the most uninspiring airport rides in the world – again, can this not be fixed; Really? A famous Irish proverb that says ‘nodding the head does not row the boat’ seems to sum this up. 

Are we passionate about our country – should we be?
Is it true that passion is something you value more than your life? Something you are willing to die for? If so, are we passionate about Nigeria? Should we be? Are other nationals passionate about their countries? Growing up in Ghana, my motherland, I really felt very passionate about her, as I believe were the sentiments shared by my other classmates. The Chinese, Japanese, Europeans, Americans and all the places we love to flock to are very passionate about their countries and will gladly use their talents to help her win; be it at the Olympics or the World Cup. Many a times our Athletes and Players have made money a precondition; and who can blame them? The experience seems to suggest that the officials bail with the money immediately after the games. The objective all round, seems to be the money rather than the glory for country.

Epilogue – where we should be headed
As a country, we have the complete ingredients for success; human, mineral and material resources in abundance. What we need are people that can dream and turn the dream into an executable plan. Then execute and live the dream. Dubai has proved this theory, we just need to follow the path to success. We have to strongly shun the temptation to try to ‘win by shortcuts’. Imagine that Nigerians lost a whooping N18b to the MMM Ponzi scheme, despite many warnings by the Central Bank. This is not the first time and unlikely to be the last time we embark on a get-rich-quick misadventure. We flock to all manner of religious centres and shrines looking for money doubling miracles instead of putting in brainpower and manpower towards our endeavours.

As Mary Robinson said, nobody can go back to create a new beginning but anybody can start today to create a new ending. This is what we must do as a country. Everybody needs to put in the disciplined hard work and dig into our inner recesses to find our own winning ways! We need to start in earnest to develop and sustain the serious mentality of winning. We need to genuinely create an enabling environment underpinned by peace and security that nurtures prosperity for all, rather than all for a cabal.

This is our chance – the tide in the affairs of Nations
“There is a tide in the affairs of men. Which, taken at the flood, leads on to fortune; Omitted, all the voyage of their life Is bound in shallows and in miseries. On such a full sea are we now afloat, And we must take the current when it serves, Or lose our ventures”. This is the admonition of Brutus to Cassius in William Shakespeare’s epic, Julius Caesar. Nigeria today is presented with such an opportunity. The current economic challenges after decades of squander and squalor have presented us with the golden opportunity of a reality check devoid of the distractions of easy oil money. This difficult period is too painful to waste. We must seize the opportunity for a reawakening, and realign towards doing the right thing and cultivating a winning mentality. If not now, then when? If not you, then who? 

*Austin Okere is the Founder of CWG Plc & Entrepreneur in Residence at CBS, New York. Austin also serves on the World Economic Forum Global Agenda Council on Innovation and Intrapreneurship and on the Advisory Board of the Global Business School Network (GBSN).

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Friday, July 03, 2015

CWG 2.0 business model yielding fruit in H2 2015

PR@ITRealms:
The founder and Chief Executive Officer of Computer Warehouse Group (CWG) Plc, Mr. Austin Okere noted that the Company’s subscription business has begun to yield fruits. This statement was made by the CWG boss during his speech at the 10th Annual General Meeting (AGM) held in Lagos on the 25th of June, 2015.
Addressing participants, the company’s Acting Chairman, Mr. Abiodun Fawunmi, said that “CWG Plc made significant progress in her key business objective for 2014 which was to scale out the subscription business in order to be the No 1 technology platform provider in Africa by 2015, a business model that would provide predictability, as well as ensure annuity revenues.”
The Company re-iterated her commitment to continue her focus in developing new lines of businesses, under the CWG2.0 model, which are better positioned to withstand macroeconomic shocks, especially those relating to foreign exchange movements. The new products include the flagship CWG-SMERP, the cloud based Enterprise Resource Planning (ERP) product for SMEs, the award-winning Openshopen.ng, her ecommerce technology platform and CWG-SES Teleport Services. Being Intellectual Property locally developed, implemented and supported by CWG, the business growth and profitability are immune from the shocks of foreign exchange fluctuation.

On the Company’s financial scorecard, the Acting Chairman noted that her gross margin percentage grew by 5% to 20% (2013: 19%) while the financing costs and general operating costs declined by 43% and 15% respectively to N199.8m and N2.7bn (2013: Financing cost N348.7m, OPEX N3.2bn) showing better efficiency of our operations. The Company also finished with an improved cash position of over N1.5bn at the year end. Shareholders at the event were informed of the payment of the 2kobo dividends per unit share, to be made within 24 hours.
According to Mr. Okere, the CWG subscription business model was conceived five years ago as the Company needed to re-invent and transit herself to become a company that could predictably grow revenue and profit. From a small startup some 23years ago with seed capital of barely N160,000, CWG has grown to become one of Africa’s largest system integrators with revenues of more than $100m, 650 staff and operations across Nigeria and three other African countries, CWG had always been at the forefront of innovative information technology solutions that enables growth.
Mr. Okere noted that the opportunities that CWG has successfully pursued under her subscription business include providing a cloud solution for micro finance institutions in partnership with MTN (a solution dubbed MTN XaaS), building a cloud based solution for Micro, Small and Medium Enterprises (MSMEs) to manage their businesses, partnering with openshopen.com to build an ecommerce platform for increased visibility and sales. CWG’s investment in building technology that addresses power theft, which is a major concern of most Power Distribution Companies, has gained significant traction with the first commercial order, and four other proof of concepts completing and progressing into commercial sales. The Company has also partnered with SES Astra to operate a digital satellite television teleport service. 
He noted that being certified by the CBN as a payment terminal service provider (PTSP) will enable the company to deepen her offering in the Point of Sale and Payment systems. Recognizing the need for automation and effective management of internally generated revenue, CWG has recently launched technology solutions that help State Governments to increase their internally generated revenue in the area of third party Insurance management system.
“Not unexpectedly, this has been a slow and difficult journey into innovative and uncharted territory that is beginning to show green shoots in sales, that will be consolidated in the second half of 2015. For instance, adapting the FinEdge technology platform to power the backend of the Diamond Yello Account product, has generated platform subscriber base exceeding expectation to 4 million in less than a year after launch, and with potential to grow to 10 million by the end of 2015. Also, the first order for the power theft detection and prevention system has been secured with one of the electricity distributors opening the way for a foray into a market with estimated potential in excess of $200m within the next two years” Mr. Okere declared. 
He further highlighted that the Company’s SMERP business management platform has been extended to various verticals including medical, retail and manufacturing and is fast winning deals, including one with a major retail chain about to build out more than twenty outlets in Nigeria within the next two years. The CWG-SES teleport infrastructure has also begun re-broadcasting digital television signals for more than 8 broadcasters.
“CWG’s Mobile Financial Services partnership with CIT Vericash is set to power the mobile financial services of one of the largest banks in Nigeria with plans for full scale Africa-wide deployment in the coming months. Most significantly, CWG and her consortium partners have started their first phase of the deployment of a unique third party insurance management system for one of the largest states in Nigeria. This system is projected to help the state generate significant revenue while ensuring that the public gets benefit for their mandatory third party insurance on their vehicles” Mr. Okere continued.
“While not yet Africa’s number one Technology Platform Provider, the increasing pace of roll out of platform solutions and growth in subscriber numbers are clear pointers of reaching that ambitious goal sooner than later” he concluded.
The event also witnessed the election of Mr. Kunle Ayodeji as an Executive member of the Board in charge of Finance and Operations. Mr. Ayodeji is a seasoned professional with over 15 years of experience in the fields of banking, financial consulting and private equity. He has held Executive positions in numerous organizations including KPMG and Abraaj Capital. In the same vein, three other shareholders were also elected as members of the audit committee, while Ernst and Young was reappointed the company’s auditor for another year.
The AGM was well attended by the esteemed shareholders, the media, the Company’s Acting Chairman, Mr. Abiodun Fawunmi;  Executive Directors: Chief Executive Officer, Mr. Austin Okere; Chief Operating Officer, Mr. Phillip Obioha; Chief Technology Officer, Mr. James Agada; Executive Director, Finance and Operations, Mr. Kunle Ayodeji; Non-Executive Director, Mr. Emmanuel Ijewere; Company Secretary, Barrister Okey Ejibe, and other stakeholders.
 
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Sunday, March 01, 2015

Okere takes CWG 2.0 to Columbia Business School



The Founder and Chief executive officer (CEO) of the Computer Warehouse Group (CWG) Plc, Mr. Austin Okere has been confirmed as guest speaker at the forthcoming workshop at the Columbia Busines School (CBS) in New York, United States, reports ITRealms.

Confirming this to ITRealms, Success Nmerife, Head, Corporate Affairs at CWG said that Mr. Okere who is fulfilling his mandate as Entrepreneur in Residence (EIR) at Columbia Business School (CBS), New York would be speaking on “Riding the whirlwind of the new digital age, CWG 2.0 – An Emerging Market Perspective of Innovation.”

ITRealms also gathered that the workshop has been slated for Friday, 5th of March, 2015 at CBS New York, at the Eugene Lang Entrepreneurship Centre by noon.

Noteworthy is that CWG had a humble beginning in September, 1992 as Computer Warehouse Limited with only Four (4) staff members to undertake hardware projects.  Five (5) years later, DCC Networks, the communications arm of the group was berthed to provide Very Small Aperture Terminal (VSAT), Metropolitan, Wide Area and Local area networks to corporate organisations. 

In 1999, based on the existing demands in the area of software solutions, system and training, ExpertEdge Software was acquired.

CWG now has branches across Africa including Ghana, Uganda, Cameroon among others.
 

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Monday, February 16, 2015

NBC DG commends Okere’s CWG over teleport


The Director General of the National Broadcasting Commission (NBC) Mr. Emeka Mba has commended the Computer Warehouse Group Plc (CWG) led by Founder and Chief Executive Officer (CEO), Mr. Austin Okere, over its teleport facility, reports DigitalSENSE Business News.

Mr. Mba gave this commendation during an courtesy visit to CWG headquarters in Lagos, saying the visit has afford his team at NBC the opportunity of inspecting CWG’s satellite facility that will serve as the support base for the soon to be launched SES digital TV platform.

He applauded CWG’s vision for introducing a free to air Direct-To-Home (DTH) Television to the Nigerian broadcasting populace. 

“The idea of a free to air satellite TV platform is novel to the TV experience of average Nigerians. Its coverage capacity will be instrumental in our quest to take quality broadcasting to every corner of the nation. More so, it will allow indigenous stations compete competently and affordably with regional and global ones, in terms of picture and content quality,” he said.

Mr. Mba also assured CWG management that NBC will provide the necessary support the company may require to make certain this project is a success.

Welcoming the NBC delegation with a presentation, the Head, Presales at CWG, Mr. Gbenga Odegbami, gave an overview of CWG’s history of innovation and service excellence.

Odegbami, DigitalSENSE Business News reports, told the guest that CWG offers integrated ICT solutions that add value to the operations of diverse clientele, using highly skilled and well-motivated workforce.
”At inception, CWG was basically an Information Technology (IT) infrastructure sales firm. The group has since evolved into a pan-African ICT powerhouse, with focus on enabling businesses through strategic partnerships with world-class organizations and Original Equipment Manufacturers (OEMs),” he said.

According to him, CWG recently innovated her business model to be based on Subscription and Cloud Computing under an umbrella aptly tagged CWG2.0. Odegbami explained, the business concept, of CWG 2.0 is a cloud based subscription business model birthed and driven by the quest to help Small and Medium Enterprises (SMEs) grow and make notable social impact. 

This, he said, includes Openshopen, an e-commerce platform that allows shop owners open their own virtual stores online; and SMERP, an Enterprise Resource Planning (ERP) solution built to assist business owners manage their Accounting and Financial Record Keeping.

“Our strategic collaboration with SES Astra, a foremost global satellite company to bring the first Direct to Home digital TV is an integral part of our CWG 2.0 vision. The partnership entails SES providing space segment, using their ASTRA 2F satellite, at 28.2 degrees East, while CWG will manage the teleport services required to project the signals to viewers, using high operational standards”, he added.

Addressing NBC delegation earlier, Mr. Austin Okere, thumbed up NBC for its efforts in ensuring that the nation beats the ITU June 17 deadline for migration to digital TV broadcasting. “The CWG/SES platform, beyond being a business idea, is our social impact investment contribution to ensure that none of the 27 million households in Nigeria are left out in the digital TV switchover,” he said.

Firstly, Okere said, visual content will be made available to millions of households at no cost, through a Free to Air (FTA) medium.

Stressing that secondly, CWG is offering a platform that will enable broadcasters deliver their content to a broader audience cost-effectively.

“Most importantly, our platform offers the nation the opportunity of meeting the core requirements needed to beat the ITU transition to digital broadcasting deadline,” he assured.

+Remmy Nweke (ITRealms) +NBC News +Austin Okere @CWG
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Pix:  L-R: Mr. Philip Obioha, COO, CWG Plc; Mr. Emeka Mba, DG, NBC; Mr. Austin Okere, Founder and CEO, CWG Plc and Mr. Gbenga Odegbami, Head, Presales, CWG Plc when MR. Mba visited CWG’s corporate headquarters in Lagos.

Tuesday, February 03, 2015

SME: Okere prescribes 3 Powers for Success as entrepreneurs



FOUNDER and Chief Executive Officer, Computer Warehouse Group Plc, Mr. Austin Okere has prescribed three antidotes owners of Small and Medium Enterprises (SMEs) must abide with to become successful, reports DigitalSENSE Business News.

The three antidotes are what he tagged “3 Powers of success” which include the Way power, the Will power and the Wait power.

Okere who gave this insight at the maiden edition of the Annual Fidelity SMEs conference in Lagos as a panelist on the theme “Leveraging Technology for SME Growth”, noted that the three powers are secrets that will keep every entrepreneur going.

The panel featured outstanding entrepreneurs in the ICT sector of the country, including Chief Leo Stan Ekeh, the Founder of Zinox Technologies; Mr. Nicolas Martin, CEO and Co- Founder of Jumia , Mr. Charles Anudu, CEO, Swift Networks, Mr. Bankole Cardoso, Founder Easy Taxi, Mr. Opeyemi Awoyemi, Co-Founder Jobberman and Mrs. Funke Opeke, CEO of Main One.

“Will power is the competence you possess to run your business. The knowledge of how to run the enterprise you want to venture into,” he said.

Many people, he noted, will start a business, create solutions then go about looking for the problems. And when sales are not made they become disappointed.

“You first ought to be finding out peoples’ problems and pain points then create solutions that ameliorate the pain. This is the best way to ensure patronage,” Okere advised.

The will power, Okere said is “the resolve to keep going when everyone say give up”. “Sometimes people close to you will advise you to dump your venture and seek a proper job. But, what should keep you going at such times is your passion. It is the passion of a footballer that makes him complain when he is benched, despite the fact that he will still receive his pay at the end of the day. Your will power makes you go the extra mile, while your passion makes you persist in your venture while waiting for pay day.”

“Most businesses fail because the proprietors abandon them as soon as they face challenges, because it is not yielding as much as they want. After you have put so much effort into your business, you need to patiently wait for the benefits that will accrue from it. This is the essence of the third power; the wait power, which takes you eventually to light at the end of a dark tunnel,” he concluded.
On how SMEs could leverage on technology to maximize results, Okere advised merchants to explore the opportunities that the CWG 2.0 platform offers.

“SMERP and Openshopen platforms are designed to meet the peculiar needs of SMEs in Nigeria. Openshopen will give you the visibility your business requires to thrive in this age where businesses are going online, while SMERP will take care of your accounting and generate the records banks like Fidelity will require from you to access loans. Beyond that, they are reliable and affordable, and are available on a subscription basis,” he said.

Okere emphasized on the essence of developing the CWG2.0 platform to democratize the technology that companies such as Jumia and Konga have erstwhile used exclusively to great advantage, and make them available to the over 17.7m MSMEs in Nigeria.

“Seeing the value that this platform shall bring to the SME’s in the country, SMEDAN recently signed an MOU with CWG Plc culminating in a partnership that will address the technology needs of the sector.” Austin asserted.

The Managing Director, Fidelity Bank Plc, Mr. Nnamdi Okonkwo, in his opening speech maintained that the bank’s commitment to building Nigerian entrepreneurs is one of its core business focuses. 

“We have gathered here today to deliberate on the challenges faced by SMEs in Nigeria and proffer solutions that would guide entrepreneurs to build sustainable businesses,” he explained.

“Our goal is to produce more successful businessmen like Alhaji Aliko Dangote from our entrepreneurs that are in SME category for now. We have watched Dangote transform from a merchant who went into manufacturing and later transformed into an owner of a multinational conglomerate,” he said.

Earlier, Mr. Okere was given a Distinguished Partner Award for his role in the building of Nigerian entrepreneurs by Fidelity Bank plc.

In a commemorative statement, the bank appreciated Mr. Okere for sharing his ideas on the panel. 

“We have continued to receive excellent feedbacks from the audience who are inspired by the insights and knowledge you shared.” he explained.
 

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