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Become the Next Tony Elumelu entrepreneur – Training | Mentorship | Seed Capital | Networking.

Applications are open for submission from January 1 – March 1, 2020.

As part of the activity for the selection process of the programme you will need a business plan which will guide you in defending your business idea, this is where you need COINBOX LIMITED. We are experts in writing bespoke business plans and we want to help you. Our rates are pocket friendly. Plus necessary advice required for accessing the grant.

To attend this Expert Session on TEF Application Guidlines. You need to register here (https://forms.gle/qS8fTy3kFPU2dv6m6) and pay SESSION FEE – N2000.

Date | 8th of Feb, 2020
Time | 9 am
Venue | 37A, Ramat Crescent, Ogudu GRA, Lagos State

Payment should be made into our Accounts:
Account Name: Coinbox Limited.
Zenith Bank PLC: Account No: 1011765876
Access Bank PLC: Account No: 0029347411

Please don’t forget to contact us for more enquiries: 08140768041, 09084824985. You can also email us: info@coinboxlimited.com.ng.

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FarmAgric Foundation for Agriculture has partnered with GIZ-SKYE project to initiate the ASAP project in order to train and empower 500 young persons who are interested in agriculture. This training will be carried out using global standard training modules.

The objective of the ASAP is to efficiently train young people on contemporary agricultural techniques, create awareness on standardized farming practices and make financial aid available to outstanding trainees.

Through this program, 500 youths will be equipped with requisite skills and knowledge through theoretical and practical agricultural trainings; in order to create income generating employment opportunities and ventures.

At the end of the ASAP project this programme would have successfully increased youth participation and interest in agriculture. Direct and indirect employment opportunities would be created – decreasing unemployment rate and enhancing economic growth.


Module 1. Good Agricultural practices 13th  January – 8th  February
Module 2. Farmer Business School 24th February- 3rd April
Module 3. Farmer c0orporative 20th April- 29th May
 Assessment 15th June- 19th June
 Internship placements 3rd  August – 30th September
 Call for business plan submission 5th October – 23rd October
 Scrutinize applications and Select successful applicants 26th October – 20th November
Disbursement of Grants 30th November – 4th December


Complete the registration here: https://farmagricfoundation.org/asap/#1576793809971-71ccbbda-40f4.

Source: https://farmagricfoundation.org/asap


Stanbic IBTC Tech Founders 2020 & application for Cohort II

Stanbic IBTC Tech Founders 2020 & application for Cohort II

Keturah Ovio, Founder, Limestart, emerged one of the winners of Stanbic IBTC Tech Founders Institute Lagos.

What this economy needs, according to Adeo Ressi, the founder of VC-rating site TheFunded, to get out of its rut is more startups. He wants to do his part to help jump start the economy with fresh ideas and leaders. TheFUNDED Founder Institute, to groom young founders into CEOs. The institute will play in the same entrepreneurial waters as Y CombinatorTechStarsSeedCamp, and LaunchBox Digital.
Ressi’s new venture-based startup camp Tech Founders Institute for very, very early-stage entrepreneurs and students who have basic ideas for potential startups but have not yet founded a company. The clauses will be limited to 150 students and will be a part time commitment, allowing professionals the ability to hold their jobs (other incubators require entrepreneurs to relocate and take time off from work to attend programs.

The students will be worked through an aggressive training schedule, where they will have access to lawyers, CEOs, and investors throughout a four month period. By the end of the semester, all the students will be required
to have an incorporated company with a prototype and potential investors. With access to a wealth of CEOs and investors through TheFunded, Ressi plants to provide students with a wide array of contacts in the tech industry.

Finally, if you wish to be part (which you should) of the 20 founders for Cohort II then apply NOW

Source: https://www.strumdigi.com.ng/

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Invitation to Submit Application For Africa 50’s Innovation Challenge

Invitation to Submit Application For Africa 50's Innovation Challenge

 Invitation to Submit Application For Africa 50's Innovation Challenge In recognition of your work in the field of innovation and technology, we would like to invite you to participate in the first edition of Africa50’s Innovation Challenge. As a pan-African investment platform focused on infrastructure development, Africa50 has launched this initiative to crowdsource novel solutions to help solve Africa’s most critical and pressing infrastructure development challenges.
A Call for Solutions to address Last Mile Internet Connectivity in Africa
For this first edition, the theme is last mile internet connectivity and the goal of the Challenge is to source solutions that can help significantly increase access to affordable and reliable high-speed internet in under-served areas of Africa.
In collaboration with United Nations Economic Commission for Africa a (UNECA), Africa50 is looking for the most innovative infrastructure and tech solutions which enable people to connect to the internet in their daily lives, through fixed and mobile devices.
Africa50 believes Innovative last mile internet connectivity solutions have the potential to create significant commercial value across the continent and leave a lasting social impact. It sees it as an exciting opportunity to engage with the most creative minds to develop innovative solutions in Africa, to solve an African challenge while creating value for investors.
Why you should apply?
Africa50’s Innovation Challenge provides you with an unparalleled opportunity to get your solution in front of our investment team and project funding partners, as well as gain exposure in Africa’s leading tech events.

Benefits include:
Investment Opportunity/Financial Reward
The winners stand the chance to receive a cash prize or project development funding, as well as technical support to scale up and roll out their projects.

Unique, unmatched opportunity for scalability throughout the entire continent
You also have the opportunity for scalability throughout the entire continent. To date, Africa50 has 28 African shareholder countries which it can leverage to scale successful solutions.

Access to world renowned experts (Expert panel)
The ideas will be reviewed by a group of experts in ICT, investment, and socio-economic development, as well as Africa50’s investment team.

Investor Connections B2B matching services to connect with new partners.
Beta-test products and scale alongside other sponsors and developers in the Africa50 ecosystem (which offers you the chance to turn trial periods into real contracts).
Making a difference: work collaboratively with organizations from across the industrial spectrum and from around the world on a focused challenge that’s going to make a real difference to the lives of many.
Visibility across the entire continent and beyond
All finalists will be featured in video and/or social media materials and at our event/media engagement activities, for example at the Afrobytes Summit in Paris (May 2020) and other Afrobytes events, the Africa Investment Forum (November 2020), Transform Africa (April 2020), our GSM (July 2020) and AfricaCom (November 2020).

Solutions selected for project development investment will be rolled-out in Rwanda as the pilot country, with the objective to scale them up to other countries in Africa.

The winning criteria
Applicants will be judged on several criteria including innovation, scalability, affordability, and sustainability. In addition, solutions should be modular and be ready to deploy. Solutions will be assessed by a panel including Africa50 investment executives, and independent experts.

Who should apply
The call is open for innovators, engineers, developers, ICT experts, individuals and organizations in Africa and worldwide, to submit their workable solutions for funding and implementation.

How to apply
To apply visit our website https://africa50innovationchallenge.com/. The application process will require you to provide us with a short description of the work that you’re doing and fill in a questionnaire.

Application deadline
Please submit your application before December 31, 2019.

For more information
To learn more about the Challenge, please see the attached brochure. If you have any questions, please don’t hesitate to contact Ms. Lina Naciri at (l.naciri@africa50.com +212 669 938 300), with copy to Mr. Mactar Seck, UNECA (seck8@un.org)

About Africa50
Africa50 is an infrastructure investment platform that contributes to Africa’s growth by developing and investing in bankable projects, catalysing public sector capital, and mobilizing private sector funding, with differentiated financial returns and impact. In addition to the 28 African countries Africa50’s investor base includes the African Development Bank, the Central Bank of West African States (BCEAO), and Bank Al-Maghrib, with over $876 million in committed capital. Since inception, Africa50 has invested in several projects in Africa and our priority sectors are power, transport, ICT and midstream gas.

Source: https://africa50innovationchallenge.com/

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Bank loans to manufacturers, farmers, others hit N241tn – Investigation

Bank loans to manufacturers, farmers, others hit N241tn – Investigation


The total credit of Deposit Money Banks to the manufacturing, agriculture, oil and gas firms and companies operating in15 other sectors of the economy hit about N241.87tn during a four-year period, covering 2015 to 2018, an analysis of the banking sector credit has revealed.

The amount was arrived at based on the analysis of the credit given by Deposit Money Banks to these sectors of the economy during the four-year period as contained in a report obtained from the National Bureau of Statistics.

Findings revealed that the 18 sectors got the sum of N52.8tn, N61.04tn, N66.27tn and N61.6tn between 2015 and 2018.

A breakdown of the loans to the economy showed that the oil and gas sector with a total loan portfolio of N49.8tn accounted for the highest chunk of bank credit.

Further findings revealed that since 2015, loans to the sector had been on an upward trajectory as it got N8.72tn in 2015, N12.83tn in 2016, N14.22tn in 2017 and N14.01tn in 2018.

The total amount given out as loans to the oil and gas sector is about 20.6 per cent of the entire credit advanced by banks to the 18 sectors of the economy.

Our correspondent observed that the manufacturing sector with a total loan portfolio of N33.01tn during the four-year period accounted for the second largest beneficiary of banks’ credit.

But unlike the oil and gas sector that recorded quantum leap in year-on-year credit, such could not be said of the manufacturing sector.

For instance, loan to the manufacturing sector rose from N7.48tn in 2015 to N8.26tn in 2016. Between 2016 and 2017, the rate of increase recorded marginal growth from N8.26tn to N8.79tn before dropping to N8.47tn in 2018.

The N33.01tn loan which the manufacturing sector got during the four-year period was about 13.6 per cent of the total credit given by banks during the period.

Further analysis of the loan portfolio to the economy showed that credit to the government at N19.48tn followed the oil and gas and the manufacturing sector.

The loans from banks to the government was put at N3tn in 2015, N5.34tn in 2016, N5.49tn in 2017 and N5.64tn in 2018.

For companies that are engaged in trade and general commerce, the total loans from banks to them during the period under review was put at N16.38tn.

A breakdown of the N16.38tn credit showed that the sum of N4.32tn was provided in 2015 while 2016, 2017 and 2018 had N3.93tn, N3.89tn, and N4.25tn respectively.

Further findings showed that companies operating in the finance and insurance sector got the sum of N14.69tn.

The analysis revealed that the sector got N3.15tn in the first quarter, N3.49tn in the second quarter while the third and fourth quarter had N3.89tn and N4.15tn respectively.

Our correspondent also observed that the sum of N12.9tn was provided as loans to companies in the Information and Communications Technology sector. The amount was given thus: N3.26tn in 2015, N3.57tn in 2016, N3.3tn in 2017 and N2.96tn in 2018.

For farmers and other companies operating in the agriculture sector, a total of N11.41tn was provided as loans from banks during the four-year period.

Findings revealed that credit to the sector rose from N1.42tn in 2015 to N5.68tn in 2016 before dropping to N2.07tn and N2.23tn in 2017 and 2018 respectively.

In the same vein, companies operating in the construction sector received the sum of N9.71tn during the four-year period. This is broken down into N2.31tn, N2.39tn, N2.56tn and N2.45tn in 2015, 2016, 2017 and 2018 respectively.

For companies in the transport sector, the sum of N6.17tn was provided as loans by banks during the four-year period.

A breakdown of the amount showed that the sum of N1.68tn was given out as loans in 2015 while 2016, 2017 and 2018 had N1.75tn, N1.53tn and N1.1tn respectively.

Further analysis showed that companies operating in the power and energy sector received the sum of N6.51tn during the four-year period.

Out of this amount, the sector was funded with N1.33tn in the first quarter. For the second, third and fourth quarter, companies operating in that sector of the economy got loans of N1.6tn, N1.85tn and N1.67tn respectively.

Some finance and economic experts said that the Central Bank of Nigeria should reduce the lending rate to make it easier for businesses to borrow and expand their operations.

The experts said a reduction in the lending rate was long overdue as many businesses were currently finding it difficult to service their debt obligations.

A Developmental Economist, Odilim Enwegbara, said while the monetary authority had argued that lending rate could not be higher than the  inflation rate, in countries like Japan and Turkey, their interest rates are lower than the inflation rate and bank still lend.

He said, “The government must mandate banks to reduce it  (lending rate) and lend to key sectors of the  economy because one thing is for the rate to be lower and another is the banks’ willingness  to lend.

“If the lending rate is reduced, the cost in servicing debt by  the Federal Government would reduce.

“The government should make these banks to invest in the real sector instead of giving money to importers of finished goods. The manufacturing sector should get single digit lending rate , importers of finished  goods should borrow at 15 per cent while lending to the government should be done at a single digit. This will reduce the level of inflation in the country.”

The Lead Director, Centre for Social Justice, Eze Onyekpere, said that the high lending cost was a major reason why many debtors were finding it difficult to service their loans.

This, he added, had led to a continuous increase in the huge  non-performing loan portfolio of banks.

He said, “We have been saying it repeatedly that the high lending rate is not good for the economy. How do you expect a business to borrow money at 30 per cent and remain competitive? There is no way that kind of interest rate can support the growth of the economy.

“So the lending rate should be reviewed downward so that businesses can have access to cheaper funds, because that is what the country needs at this time.”

Source: PUNCH.  

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CBN wants to give you Loan

Creative Industry Funding Initiative.



It’s a new dawn for the creative industry as the Central Bank of Nigeria makes funds available for creative persons, who genuinely seek financing to grow their businesses under its Creative Industry Funding Initiative.

Just like it did to farmers under its Anchor Borrowers’ Program (ABP), where rice farmers got cheap capital to boost their production capacities, leading to Nigeria becoming one of the world’s largest producers of rice, the Central Bank of Nigeria, has launched a financing program for the creative industry in Africa’s largest economy to enhance productivity and wealth creation.

The Creative Industry

“Nigeria has the largest economy in sub-Saharan Africa and its fast-growing tech, film and fashion sectors have become a strong exporter of culture,” the British Council has said on its website.

Also, Nigeria’s culture and information minister Lai Mohammed said, “Our greatest strength lies in our creative industry, our music, and our films. That is one area we need to build on because that is one area we have a comparative advantage over many other countries.”

Nigeria’s creative industry is growing at an exponential rate with emerging talents in the fashion and film sector. But the chances of emerging from talents to creative entrepreneurs are quite slim due to the country’s harsh economic realities.

The country’s unemployment rate was at 23.1 per cent, from the previous rate of 18.8 per cent released in the third quarter of 2017, Nigeria’s National Bureau of Statistics said in December 2018.

Despite these challenges and even more, Nigeria’s creative industry is tipped to hold the key to reducing the growing unemployment rate and contribute to the nation’s economy. While the challenges are real, the opportunities in the creative industry remain limitless.

Operators in the industry might as well heave a sigh of relief as the CBN has taken it upon itself to make funds available to creative entrepreneurs to finance their dreams and grow their businesses and this loan is up to the sum of N500m.


The central bank, in collaboration with the Bankers’ Committee, as part of efforts to boost job creation in Nigeria, particularly among the youth, has developed a Creative Industry Finance Initiative (CIFI).

A circular recently published by the CBN disclosed that four key areas in the creative industry are targeted for financing under the scheme. They are fashion, information technology, movie production and music distribution. Software Engineering students can also access loan from the scheme for use in their creative ventures.

According to CBN, prospective beneficiaries are only required to prepare their business plan or statement on how much they want for their business and approach their bank for the facility.

“You can get a loan of up to N3 million as a Software Engineering Student, N30 million for Movie Production business, N500 million for Movie Distribution business,” the CBN announced.

The facility covers rental/service fees for Fashion and Information Technology business and training fees, equipment fees, and rental/service fees for Music business.

The CBN added: “Go to any bank of your choice to access the fund. Tell your bank how much you need. Your bank will discuss your request and provide you with the money.”

The maximum interest rate of nine percent per annum  (all charges inclusive) is applicable to all loans with a period for the repayment of the loan ranging from three to 10 years, depending on the segment of the business.

For software engineering student loan, it is a maximum of three years to repay a loan while it takes up to 10 years for people in movie production and distribution and also fashion, information technology and music.

CBN Requirements

Prepare your business plan or statement on how much you want
for your business.


The creative industry in Nigeria is believed to have the potential to turnaround the economy, if given the right attention as the CBN and the banks are about to do under the CIFI scheme.

Although there are no precise data on the size of the Nigerian fashion market, the apparel and footwear market in sub-Saharan Africa is estimated to be worth $31 billion with the global apparel market valued at $3 trillion.

As of 2014, the film industry was worth N853.9 billion (about $5.1 billion) making it the third most valuable film industry in the world, behind the United States and India. It contributed about 1.4 per cent to Nigeria’s economy- this was attributed to the increase in the number of quality films produced and more formal distribution methods.

How we can help you?

COINBOX LIMITED is a Management consultancy firm which commenced business in 2012 and has successfully managed many projects, alongside establishing business systems that has revived dying businesses and optimised existing ones, we have also written business plans and proposals for new or existing businesses enabling them access grants and loans locally and internationally. 

We at COINBOX are experts in writing bespoke business plans and we want to help you. Our rates are pocket friendly.

Benefits of Writing a Business Plan

A well-written business plan helps business owners get their businesses off the ground and then grow.  A business plan serves as a road map to profitability and a guide for structuring and operating the business.

Prospective investors and lenders want to know what they are getting themselves into. Just as you would want to know the specifics of a mutual fund or stock portfolio before you put down money, your investors and creditors want to know if funding your business is a sound idea.

Your bankers want to know what you will do with the money you are requesting for and see clearly how you will pay back and still remain in business and the usual instrument is a well written business plan.

It is not so easy for early investors or lenders to measure a company’s performance. There isn’t adequate financial history available about new businesses, which means that you have to provide much more information about your vision and projected revenue to help them get a full view of what you’re doing or what the business is about. This is clearly defined in your business plan.

Business plans are valuable when trying to secure startup or expansion funding. Investors want to be confident that they will see a return on their investment. A business plan is a tool that can help you prove that your company is viable and poised for future growth.



Where we come in:

-We will help in writing  bankable business plans for you with financial projections of up to 3 years and more.

-We  will support you with the necessary advice required for accessing and managing the loan


Reach out to us today: or fill your contact details below.

37A, Ramat Crescent, Ogudu GRA, Lagos.




coinboxlimited@gmail.com and bukola.oyedokun@coinboxlimited.com.ng





7 Proven Strategies to Prepare Your Business for Sale


When you are looking to sell your business, it is imperative to prepare the company for sale before going to market.

Similarly to painting your house or fixing a faucet leak when selling your home, when selling a business, it is necessary to paint and repair leaks (both literally and figuratively).

Also, it may surprise you at how much your business can increase in value when you follow a few proven strategies to prepare it for sale. These strategies can typically be performed over a few week periods and ultimately prepare your company to sell for the highest possible value.


Prepare Your Business For Sale With These 7 Guaranteed Strategies


Strategy #1. Increase Business Profitability Before Selling Your Startup

While increasing profitability may seem obvious, let me explain a little more. You may be surprised at how quickly you can increase your business’ profitability.

Anyone coming to acquire a startup wants to understand its past value. Buyers want to feel confident that when they acquire your business they would be able to replicate or increase those profits in the future.

It has always been clear that all business owners want to pay less in taxes. In order to pay fewer taxes, it is often common for there to be personal types of items that the company is paying for.  Many times these types of expenses will “go-away” once the business owner exits the company.

When these expenses are identified you can reclassify them as owner’s discretionary expenses, it will increase the profitability and therefore increase the value of the company.


Strategy #2. Renew Expired Contracts Before Selling Your Business

It is very common for businesses to have expired customer contracts. These customers, however, are often still doing business with the company.

When selling a business, it is important to renew those contracts to help increase the value of the company.

These types of contracts are seen as more reliable revenue than a customer that can leave the next day.  It is also important to note that even contracts that have a 30 day out or a cancellation clause are more valuable than a customer that “walks in” and purchase at random.

Taking the time to organize, update and renew customer contacts will solidify the value of your business.


Strategy #3. Have a Formalized and Documented Processes of Running Your Business

Franchises are one of the hottest business categories for over the last 20 years. The primary reason is that business buyers want a proven track record, training, and formalized and documented processes. These processes help a business buyer to feel comfortable that they can follow a proven system that works.

When selling your business, it is essential to document all of your processes.

Many business owners don’t even realize that they already have formalized processes for 99% of the daily things they do in the business.

When you document how things are done and create a book of standard operating procedures, this will increases the value of the company due to the ease of transferability to someone from the outside.


Strategy #4. Build a Competent & Trained Workforce

While some businesses have normal turnover with employees, it is imperative to have key employees that are experienced and have longevity in the business.  Experienced workers bring balance and stability.

You can increase your company’s worth by training and keeping staff. When valuing a business, brokers often look at the experience level of the staff.  When there are numerous key staff members that have formal training for their job and are very capable, this becomes a valuable asset to the company.

Take a look at the robust startup team at Paystack and you will discover that this has always been one of their biggest advantages.


Strategy #5. Build a Business that Stands Out in the Marketplace

As a business owner, you must figure out how to stand out in the crowd just to turn a profit and have a successful company. But when selling a business, it is also good to highlight how this happens.  This is your value proposition over other companies that are for sale in your market and industry.

When looking to increase the value of your business try to figure out how the business has stood out in the past as well as how the business can stand out from the crowd in the future. You can check out how the owner of this blog, Emenike Emmanuel stood out and built a highly successful business in just one year.

Yours could be in terms of business location, processes or even technology. Businesses with differentiated products and services are uniquely positioned to sell as this makes the company more attractive.


Strategy #6. Do Everything to Minimize Risk Factors Before Selling Your Business

When selling a business, it is essential to look at the risk factors that a prospective purchaser will face when they own the business. There are many ways you can minimize those business risks and increase the value and viability of selling the business.

There are risks and potential risks in every business that may not concern you as an owner.  However, when selling a business, a buyer will view any number of items as a potential risk. Start by taking the time to review customer contracts, vendor contracts, and employee contracts. As a longtime owner, it’s usually pretty easy to “clean up” these contracts that could pose a risk for a new owner.  Therefore, it is crucial to identify and remedy any areas before going to market.

Often it is simple for you, the business owner, to have a simple non-solicitation and non-compete signed by any longtime employees prior to the sale.  This also can impact on the value of the business.  If your key employees have employment contracts with non-solicitation and non-compete agreements, then it creates more stability for the company going forward.


Strategy #7. Clean Up the Business

When running a business things often get messy, both figuratively and literally. This can mean sweeping the shop floor to cleaning up the “go-away” or “personal expenses” in the financials.

When preparing a business for sale, it is important to step back and look at the business as if this is the first time you have ever seen it.  Make a list of the messes and use this as your “to-do list.” For example:

  • Are the financials easy to follow?
  • Are the contracts tidy?
  • Are the employee handbooks up to date?
  • Does the break room need to be repainted?

These items can make a big difference when a business buyer looks at your business. The less messy the business looks to someone from the outside, the more confident the business buyer becomes. The more confident the business buyer means the better potential for a successful sale.

Source: Emenike Emmanuel

Interview An With SAP’S Greg Mc Stravick: The Intelligent Enterprise Learns And Adapt

Philosophers have struggled for centuries to articulate a definition of the word “intelligence.” Aristotle considered it the highest of human virtues, and the root of rational thought, and indeed, the meaning of its original Latin word, intellectus, translates to understanding.

Another definition, often attributed to the late astronomer Stephen Hawking, describes intelligence as “the ability to adapt to change.” It’s a view that adheres closely to that of Greg McStravick, president of database and data management at SAP when he gets to talking about the intelligent enterprise: “In the same way that humans adapt and learn from experience and information, businesses can learn and adapt in order to grow.”

But whether you’re talking about a person or a business, there’s a catch: The only way to understand something is if you have the right information about it, the right data. And in business, getting the right data isn’t easy.

“The only way to change and grow is through data coupled with emerging technologies such as artificial intelligence and machine learning,” McStravick says. “A solution that helps companies manage large volumes of data from disparate sources to gain valuable insights is the foundational requirement for the intelligent enterprise.”

Businesses gather a massive amount of data about every aspect of their operations. Study the data close enough, the thinking goes, and eventually, patterns emerge that lead to insights that in turn lead to more informed business decisions. And those decisions usually aim for one of two outcomes: increase revenues or reduce costs.

So it’s no coincidence that data has been called the oil of the 21st century. The comparison runs deep. Before it’s useful, oil must first be refined into valuable items like gasoline or jet fuel. For it to have any value, McStravick says, data must also be refined and analyzed: “You can’t fuel an intelligent enterprise without data. It’s like a car with no gas.”

Data sprawl

The comparisons end there. Access to valuable, actionable data is difficult for many reasons. For one thing, it’s usually spread all over the place. Most enterprises store their data in a fragmented manner in six to eight different cloud systems, each running different applications. This “data sprawl” leaves companies without the meaningful insights and understanding of their customers, suppliers, and even their own products. And that leads to uninformed business decisions.

This sprawling data landscape is also hard to govern and to protect. Both problems add a new layer of risk and liability: New regulatory schemes such as GDPR in the E.U. impose stiff financial penalties for data misuse.

SAP’s vision is to provide an enterprise with a common data model that brings together all data types from many sources without moving anything.

“Once the data has been captured and processed, it becomes trustworthy, and only then can it be used for analytical and computing purposes,” McStravick explains. “The elegance is in combining large volumes of data outside of core systems … to allow computation on data at the point where it resides without having to replicate it.” That makes it easier to perform analytics or to feed the data into a machine learning system.

An example of enterprise intelligence

Companies in a range of industries are on the journey to intelligence. “Some energy companies are already leveraging geospatial capabilities [of an in-memory platform] to identify all impacts on their grid and to manage the subset of the grid infrastructure on a graph basis,” says McStravick.

He goes on to explain that to achieve the first layer of intelligence, a company would load all data on customers, plants, and homes using their utility services by longitude and latitude into the in-memory system to pinpoint exactly where their assets are. Events like service outages can be immediately identified by location and managed.

“That would normally take hours; with [an in-memory platform] it takes sub-seconds,” McStravick says. “In the second layer, the company could start to leverage other sources of data to predict the likelihood of outages, based on earth observation and weather data.”

It is this capability that would enable them to intelligently and proactively predict outages, structure outage teams, or schedule predictive maintenance.

A phased approach

One big issue facing enterprises on the journey to intelligence is the fact that their enterprise resource planning (ERP) systems are aging, and their master data is not harmonized, making it difficult to access and understand information coming from disparate sources.

For example, any company that has dozens of manufacturing sites worldwide generates huge data volumes in a complex landscape. Achieving standardized reports is a challenge because often tables are stored in different systems, and a lot of manual tools are needed for mapping them. Addressing this challenge is a central data repository and a unified stream of clean data, allowing enterprises to analyze and process to make decisions.

Intelligent enterprises are on a long-term journey that usually involves a phased approach. First, they need an operational platform to automate processes and allow access to all data, which may have been physically and logically dispersed at one time. Next, they can start making better and quicker tactical decisions using trustworthy information. And finally, they can proceed to advanced business decision-making for strategical impact.

Source: The Digitalist Magazine

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Preparing an executive summary page for your business plan

Writing a business plan is now being considered by some groups as an outdated activity. This is especially with the advent of new modes of business presentation like the Business Model Canvas (BMC).

But I would rather see it as not outdated but a reassignment of the need for a business plan to be more important now than ever before but at the same time not need to go straight into preparing it. This is because we are in the information age and information even as young as 12 months old is already outdated in a lot of places. This is the age of innovation and dynamism where you either innovate or relocate to the stone age.

In a standard business creation process, one would roll out as below

  1. Business ideation: here you brainstorm and search for business ideas and look out for that eureka moment. Also, you meet with various groups at various events tinkling with your business ideas and generating new ones. Finally you trim down your by now many ideas to about the top 5 workable ones to move to the next level.
  2. Business modelling: This is where you create a business model around each idea using a BUSINESS MODEL CANVAS – BMC and prioritize them from the one with highest return on value (ROV) to the least. this does not necessarily mean that all the ideas will not be implemented, it just helps you focus on which is priority and act accordingly. This is also the stage at which the ideas are tested for workability and the most workable and effective of them is taken to the market.
  3. business plan: This is the third stage before access to market and/or finance of the idea. Here you have prioritised your ideas and tested same and decided on the one to start with. This is the one(s) you now write a business plan for. this business plan is a long term view (3-20 years) of the business with a defined strategy for implementation taking the BMC into consideration.

In writing your business plan, the first page is usually the executive summary.

this page is to be prepared last but comes first in the final document. this is because it is the document that like introduces us to the entire project and it is usually like a 2-3 page summary of the entire project stating the key information so the Executive (financier or partner) can decide whether to go on and read the rest of the document, get more references or jettison the project at that point.

It is always good to keep the language here simple and concise, no unnecessary technicalities keep to the primary elements as all other issues will be dealt with in-depth further into the document.

In your executive summary, you are expected to state

  • your brief history
  • your mission
  • your vision
  • your value proposition
  • your target market
  • your product/service list
  • your unique selling proposition
  • your market entry model
  • market/customer relationship model
  • and other executive matters: these are key issues like; who owns the business, what is the ownership structure (current and proposed), capital requirement (and structure), payback, ROI, key business margins and exit strategy.

finally, you close stating why it is key to join your business train to achieve your defined purpose and reiterate whats in it for the target reading audience.

With this your executive summary is complete.

Ayo is a management and business development consultant, a business startup coach, trainer, microfinance expert and marketing consultalt.

He can be reached on social media at @ayoemakhiomhe or via email – emakhiomheayo@yahoo.com






  • Cassava Bread Fund was created by the Federal Government as part of the transformation policy in the agribusiness sector.
  • To ensure that Nigeria becomes the largest cassava processor having occupied the position of largest producer of the commodity in the world, and guarantee the reduction of food import bills; a number of measures including the cassava bread policy were endorsed by the Government.
  • Government’s intervention in the Cassava Value Chain by funding Cassava Processors and Bakers would translate to foreign exchange savings and job creation along the cassava value chain and also prevent post-harvest losses.
  • Projected Impact
  • The Cassava Bread Development Fund is aimed at the gradual substitution of wheat flour with cassava flour up to 20%. This initiative would translate to foreign exchange savings and job creation along the cassava value chain and also prevent post-harvest losses.

Target Market

The initiative is aimed at providing equipment and working capital support to Master Bakers and High Quality Cassava Flour (HQCF) processors across Nigeria.