Wednesday, February 3, 2016

Series: The Eagle in the Storm. Part 3 - Strive Masiyiwa

This is part 3 of the series - The Eagle in the storm. Click here to read Part one (Introduction), Part 2a and Part 2b.

__Protect the root of your business.

A young man and his father were watching a huge fire coming down from the hills towards their family vineyard. At first, the young man tried to organize buckets of water but it was clear that the fire would engulf everything and consume the vineyard. Then to his surprise he saw the old man pick up an axe and run towards the vines. Systematically he began to cut the vines, leaving only the roots.

"We must protect the root, my son. Do as I show you."

And with this they saved a business that was several generations old.

Every business has a root, and you must know that root. You must be able to protect that root, when things are tough. Sometimes protecting that root looks cruel, but you must protect it at all costs. Sometimes it can come down to reducing activity to the bare minimum, with just a handful of staff. Your most valuable resource will always be good people.

Series: The Eagle in a storm (Part 2b). - Strive Masiyiwa

This is the third in the series. The first one can be read here while the second one can be read here

__Imagining new wealth creation models.

The talk with my Japanese friend had left me thinking deeply about how we in Africa think about wealth. Maybe, just maybe, there was another way to think about it?

Imagine if my teachers had taught me that we are "very rich" because we produce some of the smartest entrepreneurs in Africa… people with the know-how and vision to transform our minerals into such great innovations and products that we no longer export our raw materials all over the world!

From then on, every time I visited a country (or even a major city), and watched its economic activity, particularly places doing well, I would reflect on its "wealth creation model."

__Imagine a wealth creation model that doesn’t require any raw material endowment, like Silicon Valley, or Singapore!

Series: The Eagle in a storm (Part 2a) - Strive Masiyiwa

This is the second in the series of "The Eagle in a Storm. Click here to read Part 1.

__Changing our "wealth creation model."

Ever since I started school, my teachers taught me that our country was "rich" because we had many minerals, and we'd recite the list of minerals. By the time I finished secondary school, I not only knew my country was "rich," but that Africa itself was "rich" because we had so many natural resources.

Even though I didn't study geology, I could almost tell you where all these precious minerals and other resources were found: oil, diamonds, platinum, gold, copper… in places like Congo, there were names of some things I couldn’t even pronounce.

__Yes, Africa is so rich!!!

As a young student, if I thought about what the global buyers of Africa’s natural resources then did with them, it was only ever a superficial thought. But I soon realized something didn't add up…

Series: The eagle in a storm (Part 1 - Intro) - Strive Masiyiwa

Strive Masiyiwa, Founder and CEO of Econet Wireless begins the series - The eagle in the storm.

This is Part 1 - Intro. It is a must read.

The new year opened with turmoil in the Chinese stock markets as prices fell dramatically, leading to a global selloff. In just one week, global stock markets lost over $2 trillion US dollars! Other news in the global markets saw the price of a barrel of crude oil fall below $35 per barrel, down from a high of $62 per barrel less than 12 months ago. That’s down 50% in 12 months and 71% in 24 months!

Since the beginning of last year, 2015, the price of copper has fallen by 30%; iron ore is down by 42%; platinum has also been a disaster, losing more than half its value from less than three years ago. Agricultural commodities have not fared much better on global markets. Last week the South African rand hit an all-time low of 16:1 against the United States dollar and it’s still falling!

Your small business in Harare, Lagos or Nairobi may not have anything to do with China, or with any commodity like oil, iron ore, or platinum, so you might be asking yourself, “What’s that got to do with me?” Answer: EVERYTHING! It has everything to do with you, and its impact is going to be very personal... Brace yourself, there’s a storm on its way!

Video: Watch Pastor Poju Oyemade talk with Adesuwa Onyenokwe on Seriously Speaking

Pastor Poju Oyemade, the Senior pastor of Covenant Christian Centre and the convener of The Platform was recently on Seriously Speaking with Adesuwa Onyenokwe.

He talked about a lot of things including the reason for The Platform.

Watch the Video below


Related Posts Plugin for WordPress, Blogger...

Share This