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The Power of Women in the 21st Century: The Zinox Group Example

Ekeh had stated that women are heavily knowledgeable, highly domesticated, humane, humble and less greedy, even as he noted that current statistics indicate that women have proven to be more knowledgeable and intelligent compared with men in the same age bracket and intelligence quotient (IQ). Further, he cited their concentration power and integrity in managing resources as far higher than those of their male counterparts.

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Zinox Women Empowerment

By Dr. Abiona Iwajowa

“There’s something so special about a woman who dominates in a man’s world. It takes a certain grace, strength, intelligence, fearlessness, and the nerve to never take no for an answer.’’ – Rihanna

“A 21st Century woman is a privilege and special blessing to a family and society and anointed to lead corporates and countries from the second quarter of this century. Leadership shall demand global knowledge, style, absolute trust, creative energy and faith in God and all these are domiciled as a right in today’s civilized woman.” – Leo Stan (2019)

For long, the world has paid lip service to the place of women in the global scheme of things. The situation, although more critically felt in developing economies, Nigeria inclusive, is one that has remained a problem globally.

Indeed, gender equality is a globally-acknowledged human right. Nevertheless, the world today still faces a disturbing and abject reluctance to leverage on the potential of this very important gender in shaping our existential narratives. Put in another way, despite the growing evidence of the sterling qualities and achievements that women have proved capable of delivering, there are still huge gaps in access to opportunities and decision-making power for women.

Globally, women have fewer opportunities for economic participation than men, less access to basic and higher education, greater health and safety risks, and less political representation. The situation is the same in the corporate space where men have been known to dominate leadership positions, even when there are more capable or at best, equally qualified or suited female counterparts.

Today, women leaders are still a pitiable minority in various sectors. Men continue to outstrip women in leadership roles across every sector in the world. This includes government, corporate, non-profit, education, medicine, military and religion. Research also reveals that globally, at Fortune 500 companies, women hold only 19 percent of board seats and 15 percent of executive management positions. In addition, the number of female CEOs at these companies is a paltry four percent. Four percent of 500 companies equals 20 female CEOs, with male CEOs running the remaining 480 companies.

A report published in March 2020 by data mining company PayScale also shows a global disparity in how men and women are paid, even when all compensable factors are controlled, meaning that women are still being paid less than men due to no attributable reason other than gender. In 2020, women make only $0.81 for every dollar a man makes.

As demonstrated above, this is not only a Nigerian problem. It is a global phenomenon.

The foregoing is in contrast to the evidence-based capacity of women to create a positive disruption when placed in leadership positions.

It is an open secret that guaranteeing the rights of women and giving them opportunities to reach their full potential is critical, not only for attaining gender equality, but also for meeting a wide range of international development goals. Research shows that empowered women and girls contribute to the health and productivity of their families, communities and countries, creating a ripple effect that benefits everyone.

As Michelle Obama, former First Lady of the United States of America one famously declared: “There is no limit to what we, as women, can accomplish.”

Numerous examples abound in government circles, with the likes of Angela Merkel, a woman who leads the powerful nation of Germany. In Chile, Michelle Bachelet also distinguished herself as President of the South American country from 2006 to 2010 and again from 2014 to 2018, the first woman to occupy the position. This is just to mention a few.

Here in Africa, women have also shown they have what it takes to lead from the front, with Liberia’s Ellen Johnson Sirleaf covering herself in glory after winning the presidential election in 2006, the first in Africa. She was also re-elected in 2011.

Even in the corporate world, where men have dominated, instances abound of women who have distinguished themselves when appointed to leadership positions.

However, there is still a grudging refusal to empower women with leadership responsibilities, not only in Africa., but the world over. Here in Nigeria, there is often times a shocking mind-set when women assume top roles in an organization. In most cases, there is a belief that she was unfairly favoured or, if she is an attractive woman, then she is deemed to have compromised or slept her way to the top.

This is why the example of Leo Stan Ekeh, Chairman of the Zinox Group is worth mentioning.

Although I have not had the privileged of a one-on-one encounter with the man, I recall that as far back as 2014, he had declared that women will lead the world, not as second class citizens, but in the management of global resources mainly in the corporate marketplace, by the second quarter of the 21st Century which starts by 2026. Ekeh, who was speaking at a Women in ICT event at Sheraton Hotel, Ikeja, had cited the increasingly pivotal role women in the corporate sector are playing in the global arena.

Here is what he had to say: “Women are naturally more structured, trustworthy, less greedy, live longer and more prayerful than men. These innate qualities have strategically endowed women with the basic ingredients for leadership. As entrepreneurs, all you need to do is combine these innate qualities with absolute commitment, capacity for innovation, credibility and sound digital knowledge and very soon, the male folk will be struggling to keep pace with the women in the industry.’’

Fast forward to 2019, I was privileged to attend the Disrupt Africa conference organised by Access Bank in May 2019 where Mr. Ekeh was one of the guest speakers at the event.

This time, he had also preached the gospel of women empowerment to the packed audience at the Landmark Centre, Oniru, Victoria Island. According to him, gone are the days when parents would rather prefer to have male kids, as was in the case in the olden days. Ekeh had stated that women are heavily knowledgeable, highly domesticated, humane, humble and less greedy, even as he noted that current statistics indicate that women have proven to be more knowledgeable and intelligent compared with men in the same age bracket and intelligence quotient (IQ). Further, he cited their concentration power and integrity in managing resources as far higher than those of their male counterparts.

Equally important, he had told the listening audience that the foregoing had nothing to do with Africa, noting that it was a global phenomenon.

I was one of the many who had given him a standing ovation at the end of his moving speech. After the conference, I had engaged a few other participants on the thoughts expressed at the event especially the thought-provoking ones espoused by Mr. Ekeh. I was initially of the impression that he was probably playing to the gallery at the conference, as many are wont to do at such public speaking engagements.

This had made me embark on some sort of mini-research or investigation into the Zinox Group. However, my investigations threw up a startling revelation and actually gave me some hope in the future of the battle for women empowerment in Nigeria and beyond.

Indeed, the Zinox Group, led by Ekeh, remains a shining light and a good example of a conglomerate that has not only justified the power of women as leaders, but also given them an equal playing ground to thrive.

At Technology Distributions Ltd. (TD Africa) which incidentally is arguably the biggest company in the Zinox Group in revenue terms, women occupy the first four management executive positions. The company is led by the CEO, Mrs. Chioma Ekeh, wife of Ekeh, a first-rate mathematician and certified Chartered Accountant who has previously worked in the United Kingdom. Next to her is another woman, the Coordinating Managing Director, Mrs. Chioma Chimere. Following closely is yet another woman, Mrs. Shade Oyebode, who is the Managing Director (Operations) and then, Mrs. Andrea Ijogun who is the Managing Director (Sales). Although I did not succeed in obtaining a clear state of the company’s impressive financial figures, it is worth mentioning here that Technology Distributions Ltd. is credited with pioneering ICT distribution in West Africa and till today, it represents the biggest, globally recognised names in the sector such as Microsoft, IBM, Dell, HP, Samsung, Cisco, Lenovo, to mention a few.

If the example of Technology Distributions is deemed a fluke or a chance occurrence, then let us turn our attentions to Zinox Technologies Ltd., the most popular company in the Zinox Group. In 2006 and 2010, the company had rescued Nigeria from a national embarrassment by overseeing the rollout of the computer hardware, components and software solutions used by INEC for the successful conduct of the general elections, rising to the occasion to deliver after foreign contractors failed. It repeated the feat in 2014 when it designed the Direct Data Capture (DDC) machines, Card Readers and worked with INEC in capturing and delivering a credible database of voters – a factor which contributed immensely in reducing post-election litigations.

Zinox Technologies Ltd. is also led by a female Managing Director, Mrs. Kelechi Eze-Okonta –  with an M,Sc. in International Business Management from University of Liverpool, United Kingdom –  a position she has held, along with all the perks of that office, for the past three years.

Do we still consider that a fluke?

If so, what about Task Systems Ltd., Leo Stan Ekeh’s first company? Incorporated over 30 years ago in 1987, Task Systems Ltd. was the company through which Mr. Ekeh transformed the Nigerian media and publishing landscape, transitioning it from its prevailing analogue state of metal cast style publishing and ushering them into the world of Desktop Publishing and Computer Graphics many years ago.  In fact, my late twin brother, who was a top journalist, was one of the witnesses of this revolution which transformed the likes of Punch, Guardian, Sketch, Daily Times, Vanguard, Daily Independent and many others. Back then, he had claimed that Mr. Ekeh was an American whiz-kid! It was until recently that I discovered that he trained in India and the United Kingdom.

For the past five years, Task Systems Ltd. had a woman, Ms. Olufunke Oduntan, as Managing Director. It was only earlier this year that she was replaced by a man, Stanley Okpalaeke with an MBA from LBS as MD after her retirement.

The Group Head, Human Resources, Mrs. Chioma Nwoke, is also female.

Across the Zinox Group, women have not only held top executive management positions; they have also been encouraged to aspire to the very echelon of the corporate ladder. In this remarkable Nigerian example, there are no glass ceilings for the women-folk. At this juncture, it is worth stating that some of these women have worked in the Zinox Group for the past 20 years, growing through the ranks and displaying a high level of integrity, performance and credibility – qualities that have made them undisputable choices for the rarefied positions they occupy.

Indeed, each of these women have merited their appointments.

This is clear when you look at their respective profiles. These are corporate giants who know their onions and who can defend their appointments or distinguish themselves in similar appointments in the global marketplace. These are women who are ethical and spiritually filled and imbued with the right ingredients to drive a business to profitability. Further, their occupancy of those lofty positions is tested on an annual basis, with their unerringly brilliant leadership seeing to the continuous profitability of the Zinox Group.

More remarkable is the fact that the Zinox Group has remained in the forefront of sustaining Nigeria’s march to technological emancipation. The numerous feats recorded by the various companies in the Zinox Group have not only given Nigeria a voice in the technology sphere; but have also gone a long way and still continues to usher millions of Nigerians into the contemporary world mediated by advancements in technology.

But there has hardly been any significant recognition for this Nigerian miracle.

It appears the Nigerian government is more comfortable with recognizing politicians or noise-making institutions and persons who hardly contribute anything of note to the nation’s development. If not, how do we justify the fact that such a gender-sensitive, high-performing entity that has been in business for over 30 years in a difficult terrain such as Nigeria without any major scandal, providing direct and indirect employment opportunities for millions of Nigerians has not received any form of special honour by the Nigerian government?

I put it down to the fact that the Zinox Group is not a noise-making entity, as exemplified by the character of the organization and the fact that its leadership is dominated by women, who are naturally conservative. Perhaps, if the company was into beating the drums of its many achievements they would be identified. Very unfortunate!

Having a man such as Leo Stan Ekeh as a Nigerian is a blessing to this country. These are the kind of leaders that Nigeria needs – people that see beyond today. He has shown remarkable vision in many of his dealings and specifically, with his clarion calls for women empowerment which he has not only preached but implemented across his companies while the country struggles with civilization.

Little wonder, Mr. Ekeh has been at the forefront of driving the charge to computerize Nigeria for the past 30 years, as he has always declared that no nation is truly independent without achieving technological independence.

Despite the non-recognition by the Nigerian government for its many contributions to national development, the Zinox Group has been mightily blessed. In my research, I have followed the growth of this exciting technology group and, despite the difficulties in the operating environment, the Zinox Group has continued to give hope to many Nigerians.  No wonder Alhaji Lateef Jakande- the former Governor of Lagos state said at the launch of Task Systems’ Allen Avenue, Ikeja office in 1992, that if the country could have five Leo Stan Ekehs, Nigeria would emerge as a quality representative of Africa in the global community.

Today, a lot of our young ones are out of school without any clarity as to how long this predicament will last. Yet, the government cannot partner with a proudly Nigerian brand such as this to empower these little kids, all of whom will pay taxes in future, with simple gadgets and devices to aid their learning. On the other hand, the government is investing billions in a feeding programme riddled with controversy for out-of-school children.

What a shame!

Dr. Abiona Iwajowa is a policy expert who writes from Kano

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Enterprise

Andela Rwanda Launches Apprenticeship Program to Connect Africa’s Top Organizations with Talent

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Andela, the global network for remote technical talent, has announced the launch of the Andela Rwanda Apprenticeship Program, a 12-week program that aims to introduce global organizations to the vast potential of up-and-coming Rwandese tech talent.

The apprenticeship program offers companies the chance to build their team with graduate apprentices from the Andela Technical Leadership Program (ATLP). The ATLP is Andela Rwanda’s signature accelerator program, in partnership with the country’s Ministry of ICT and Innovation,  empowering Rwandese nationals with the prerequisite software engineering they need to be future tech leaders. 

The ATLP simulates a real-world technology product setup, where participants learn to work within a team to build web applications with best practices based on Javascript and its associated frameworks. The program has so far successfully trained 380 junior engineers from across ten different African countries, with over 70% of the graduates from the ATLP currently employed. There are currently 150 additional learners in the program. 

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Africa Region

Opportunik Global Fund Set to Break Barriers Through Its African and Diasporan-Focused Investment Fund

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Opportunik, a private wealth fund giving Africans and Diasporans access to global investments, announced today that it will launch its licensed fund on the 2nd of May 2023. Administered by Accuvise Administrators Limited, a registered fund administrator based in Mauritius, Opportunik Global Fund [OGF] will present a diverse mix of asset classes enabling investors to create wealth with minimal currency or political risk. 

OGF was created to address African investors’ pain points, including high barriers to global deals, insufficient yield on smaller ticket sizes, ever-changing foreign exchange rates, and high inflation and taxation. Participants can be located anywhere in the world but must invest in the most traded currencies, such as the US Dollar. As one of the first private retail funds aimed at Africans, the multi-asset growth fund will provide the following: 

  • Low-entry barrier with a minimum investment of $5,000 and optional monthly subscriptions in multiples of $1,000
  • Access to diversified asset classes and investment strategies in multiple financial markets
  • Projected return of 10-20% paid annually to investors’ bank accounts
  • 5-year tenure for the principal with an annual payment of returns 
  • Ability to track wealth journey and measure returns and financial growth

Commenting on the fund, Kola Oyeneyin, CEO of Opportunik Global Fund, said: “We created Opportunik Global Fund to directly tackle the challenges many African investors face when looking for global investments. As an African-born fund, we recognise that the continent is full of wealth opportunities; however, there is a need to empower rising middle-class Africans with a platform to enable them to access new markets beyond the continent’s borders. 

Driven by an in-house team of fund managers located across Africa (South Africa, Nigeria, Kenya, and Zambia), OGF will work alongside Accuvise Administrators. With over $216m in Assets Under Administration, Accuvise has a proven track record of structuring and administrating investment funds. 

According to the Henley & Partners’ Africa Wealth Report, a total of $2.4 trillion total investable wealth is held on the continent, with South Africa, Egypt, Nigeria, Kenya and Morocco accounting for more than half of Africa’s high-net-worth individuals.

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Enterprise

PMI Seeks Stronger Partnerships to Bridge Education and Employment Gap

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Non-profit professional association and global advocacy group for the project management profession, Project Management Institute (PMI) has recognised that linkages are required between education and employability so that young skilled Africans are able to deploy their skills in formal employment where available or create their own opportunities through effective entrepreneurship.

 As the future of work becomes more projectised, project-based skills will become essential to helping changemakers turn ideas into reality and overcome complex challenges. 

PMI predicts the global economy will need 25 million new project professionals by 2030. In its Talent Gap report, it attributes this demand to an increase in the number of jobs requiring project management skills, economic growth, and retirement rates. 

A shortage of this critical skill could pose considerable risk to organisations as they rely on project teams to implement strategic initiatives on time and on budget. Globally, the talent gap is being exacerbated by the post- pandemic ‘Great Resignation,’ which has seen workers quitting their jobs. 

In Africa, however, “we observe the opposite trend,” says George Asamani, PMI’s Business Development Leader for Africa. 

“The continent graduates around 11 million young people from schools and universities each year, according to Junior Achievement Africa. This presents the continent with an opportunity to leverage this demographic dividend to address shortages of project management professionals in the developed world – while also developing the project skills to help young Africans build the conditions for much broader economic participation at home.” 

PMI has successfully partnered with universities in Sub-Saharan Africa to provide practical courses to help students while still at university to understand how to apply project management skills for delivery in the real world. Through a train-the-trainer model, lecturers and professorial staff at universities are trained to teach project management skills to reach as many students as possible across all disciplines. 

“While some universities include these courses as part of their overall fees so that students receive project management training free at point of delivery, others deliver the training as additional pay-as-you-go courses. Regardless of how universities choose to build these critical project management bridges into their curricula, PMI provides 60% discounts on all certifications received by university students,” says Asamani. 

PMI together with Microsoft has also built the Citizen Developer courseware available to partner universities or directly to individual students. Microsoft estimates that an emerging class of citizen developers will create 450 million apps over the next five years using software development dubbed “low-code / no-code”.

“The execution of all projects today relies heavily on digital ability. 86% of IT decision-makers say the biggest challenge to digitally transform their business is too few developers. That’s where the power of citizen development comes in,” says Asamani. 

In Africa, PMI has partnered with the Tony Elumelu Foundation (TEF) which seeks to add US$ 10 billion to the African economy by creating 10,000 new businesses on the continent. PMI’s own research shows that one of the five most common causes of entrepreneurship failure is execution risk, or the inability to deliver projects successfully. 

In response, and together with the TEF, “PMI has developed a webinar series that guides young African entrepreneurs build businesses and execute projects by successfully managing risk through ideation, strategy and delivery,” reports Asamani. The webinar series also supports young African entrepreneurs directly with mentorships provided through the TEF.

PMI also partners with the African Leadership Group, composed of the African Leadership Academy (ALA), the African Leadership University (ALU) and the ALX career accelerator to empower young Africans with project management skills. 

At ALA, PMI works with undergrad students who during their first-year present ideas which are formally critiqued, marked and refined. During the second year, students work on delivering their ideas practically, supported by mentors through the PMI South Africa Chapter. 

“Today, beyond education, where we are already doing a lot of work – we also need to find ways to work with government and the private sector to reach and empower a much broader segment of young Africans. All of us have a role to play in creating a more confident and readily employable workforce,” concludes Asamani. 

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