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Leo Stan Ekeh: Toast to an Entrepreneur-patriot

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Nigeria is reputed to be a difficult place to do business, especially if your business is the type that requires constant power supply. It’s even more cumbersome if other businesses depend on your business to thrive. When your business is an enabler of other businesses, you are encumbered with more pressure and responsibility.

You must grind out success for others to succeed. That’s the dilemma of Leo Stan Ekeh over three decades ago when he returned from the United Kingdom to birth an information communications technology (ICT) start-up. And he chose the complex computer ecosystem, then thought to be out of the ken of knowledge for Africa and Africans.

Against odds, he has made a success of it, etching his name on the boulder of history.

Today, February 22, as he marks his 65th birthday, it’s apposite to peek into the life odyssey of the man who easily typifies the true Nigerian spirit of courage and productivity even in the face of crippling headwinds. Needless to say that no comet heralded his birth but his life has been a herald of hope for humanity and the nation. And if every victory has a scar, as it’s often said, then Leo Stan bears many scars, seen and unseen.

He has fought many battles chief of which is the battle against ignorance. The Imo State-born computer magnate is reputed to be behind the computerisation of many Nigerian secondary schools, higher institutions and corporates. He has spent more than half of his life working to change the orientation of Nigeria and Nigerians from analogue to digital.

This has seen him at the cutting edge of pioneering several tech-based initiatives, and growing a small computer type-setting office operating from a rather obscure office in Alausa, Lagos into a conglomerate with interests in ICT, property, banking, e-commerce, oil, among others.

Gifted with unrelenting entrepreneurial spunk, he has since grown his yesterday’s start-up from its initial one-office space in Lagos to a multinational with offices in Africa, Europe and Asia.

So, who’s Leo Stan? He’s the one his close associates call the pioneer-in-chief. He pioneered desktop publishing in Nigeria. It’s akin to setting the captives free. He changed the entire Nigerian publishing landscape from its slow and dodgy analogue routine to a smart, clean digital patch. Newspapers, advertising agencies and printing houses were the early birds to embrace what was then seen as the magic box, the computer.

 At a time Nigerian media houses felt very comfortable with their typewriters and compugraphic machines, it took Leo Stan to disrupt the system. He pushed aside their burly compugraphic machines and placed in their hands the then rave of the moment, Apple computers.

 He’s the one who for the first time introduced WiMAX (Worldwide Interoperability for Microwave Access) to Nigeria, planting the first hub in Yobe State in 2007, and exposing the state to a brave new world of opportunities and skill in cyberspace. He pioneered the deployment of digital dispensing pumps at Nigerian filling stations, a business born out of circumstance than anything else.

Before he partnered with then Elf oil (now Total Plc) to upscale fuel dispensing with digital dispensers, he had fallen victim to a notorious scam among petrol station attendants who cashed in on the unintelligent analogue fuel pumps to cheat on motorists. Leo Stan was fleeced at a filling station in Ikeja, Lagos. It was that incident that opened his eyes to the business opportunity unnoticed by many at the filling stations. He’s the archetypal street-smart opportunistic investor.

Again, who’s he? He’s the undisputed pioneer of e-Commerce in Nigeria when he launched BuyRightAfrica.com in 2012. Aside being the forerunner of all the e-commerce ventures in Nigeria, BuyRightAfrica, though suffered a temporary death, was later resurrected by his son, Prince Nnamdi Ekeh, first as Yudala and now Konga.

He’s the man who, having made a success of automating corporate Nigeria with exotic computer brands, decided to create his own brand, a Nigerian computer identity. He made good his ambition when he launched the Zinox range in 2001 during President Olusegun Obasanjo tenure. Zinox was not just an expression of patriotism and ambition, it was a carefully created brand and the first indigenous computer to earn both Intel and Microsoft certification.

It came bundled with inbuilt power surge protector, taking cognisance of Nigeria’s epileptic power supply prone to surges and brownouts. Plus, it has a naira sign cleverly engrafted as part of the Q-w-e-r-t-y keyboard. This gave Zinox a shoulder-high advantage over other exotic brands to the delight of President Obasanjo who had to issue a directive to ministries, departments and agencies (MDAs) to standardise their tech operations on Zinox and other indigenous brands most of which were swamped in the marketplace by foreign brands until Zinox burst into the stage. Today, the Zinox brand has not only made inroad into Nigerian offices, it has been deployed to host major international conferences and events including the 7th Ordinary Session of the Assembly of the Africa Union (AU) from July 2 to 5, 2006 in Banjul, The Gambia. The list is long.

Leo Stan is the patriot who made game-changing interventions during Nigeria’s 2007 and 2011 general elections. He leveraged on the strength and international partnerships of Zinox to salvage Nigeria’s voter registration exercise by delivering 11,500 DDC (Direct Data Capture) machines in 14 days for the 2007 polls. That marked an epochal introduction of technology into the nation’s electoral process and ended the duplicity that hallmarked the voter register in the past.

He repeated the same feat in 2011 when he delivered 80,000 fully integrated units of DDC machines within 35 days ahead of two foreign companies just in time for the conduct of the general elections of that year much to the relief of then INEC chairman, Professor Attahiru Jega.

Though a successful entrepreneur, but he’s quick to tell you he’s not mindful of the balance sheet, but is concerned more by the value he adds to humanity. He tells you he’s not driven by profit but by empathy for mankind and it shows in the manner he strives to wipe away tears from those who weep and give food to the hungry. A very silent philanthropist, he has built a collateral of integrity over the years which has earned him respect from global players in the ICT agora.

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For his ceaseless efforts to help in building a better Nigeria not just by creating jobs but by creating the milieu and technology that make it possible for Nigerians, especially the youths, to claw their way into the complex computer technology marketplace where they have brought honour to the country, Leo Stan has been rewarded with a couple of national medals.

President Muhammadu Buhari in 2019 honoured him alongside Aliko Dangote and others with the National Productivity Order of Merit (NPOM) award. President Obasanjo also on October 1st 2001 named him ‘Icon of Hope,’ a symbolic emblem that speaks to his birthing of a new threshold of hope for the nation and her teeming youths.

All this in addition to the Order of the Federal Republic (OFR) national honour, Microsoft Global Adviser, dozens of national and international awards and several honorary doctorate degrees (Honoris Causa) from Nigerian universities.

On the occasion of his 65th birthday, let’s toast to an entrepreneur, patriot, statesman, nationalist and passionate believer in the Nigeria project. Happy birthday to a man whose values are propped up on the ramparts of integrity, fairness, justice and love for all without discrimination.

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Create AI Strategies In Line With Your Business Strategies – Deloitte West Africa Tells Firms

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Data Science and Analytics Leader at Deloitte West Africa, Jania Okwechime, has advised firms to leverage Artificial Intelligence (AI) responsibly and sustainably by creating AI strategies in with their business plans. According to her, businesses also need to put governance and risk processes in place so that they can innovate with trust and confidence.

Jania Okwechime disclosed this at an interview with the media at the sidelines of the just-ended 8th Ghana CEO Summit held in Accra. She mentioned that in this era, AI is transforming businesses more than anything else in the world and therefore called on institutions across West Africa to embrace AI.

Jania also advised businesses to take advantage of AI to improve and accelerate their products and services for the benefit of their customers. Although she acknowledges the growing adoption of AI in West Africa, she stated that the adoption of AI globally has moved from the Programmable Logic Controllers (PLCs) stage to more implementation stage.

“In the African continent, we are still experimenting with some of the opportunities that the AI can generate for the people. So, we see adoption, but it could get accelerated”.

“I think it is not going to be long before they would see the impact of AI. You already saw some of the presenters [8th Ghana CEO Summit] today specifically in the telecoms and advertising industry that, AI is already being leveraged by businesses. We are only going to see the acceleration in the next coming years”.

Why AI has become a buzzword

She noted that although Artificial Intelligence has been around for decades, AI has now become a buzzword.

According to her though Artificial Intelligence has been around for decades, businesses have now realised its importance and are now taking advantage of it because of the data explosion.

“Every time an action is created, data is formed. Every time we send a text message, every time we pick up the phone to make a phone call, every time we pick our favorite series on Netflix, it’s creating data. So, there’s a huge data explosion”, she mentioned.

“Ninety percent of the data that we used today were created in the past two years. So, you can imagine. Now we have no choice but to harness technology like AI to be able to gain insights”, she added.

Generative AI and the traditional AI

Touching on Generative AI and traditional AI, Jania reiterates the differences between the former and the latter.

In her words: “The difference is that Generative AI can perform tasks predominantly done by humans. Like reading documents, creating documents, generating videos, generating reports, etc.”

“Now, it is making AI more accessible to businesses in a way that they can harness in three different ways. They can change the way they interact with their customers and increase customer experience internally within their network and their internal organisations. So, that they can improve internal statistics”, she pointed out.

Continuing, she said by harnessing AI and generative AI, businesses can reduce cost by automating tasks, and can make things more effective and efficient.

“One thing that is key to also mention is why AI and generative AI are used today for automation tasks and improving the set of processes that businesses already have. Businesses that are going to be successful and thriving in the next five years are those which are harnessing AI to transform what they are doing. And this needs some more thinking”, she stated.

Concerns about AI leading to job losses

On concerns of AI leading to job losses and other things, she said: “So, that is the concern right? because I mentioned that there are certain things that AI and generative AI can do today that were predominately done by humans. So, that is a concern, and we understand why. However, it doesn’t need to be”.

We don’t need to worry

“We don’t need to worry about our staff and our talent losing jobs, but rather we must transform the talent.  So, things are going to change in businesses. Their staff are going to change the way they work. So, organisations are responsible for upscaling their staff”.

She added that “Because their roles are going to be transformed. Instead of one person being in charge of creating a report, now that person needs to know how to use and leverage AI solutions to be able to interpret that report to be able to make strategic decisions. So, AI has a big implication on talent and the responsibility and the responsibility of the organisations to invest in the talent and upscale it”.

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Ericsson Study research reveals split in AI expectations

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Ericsson found almost half of respondents to its ConsumerLab report have fears over AI’s potential influence, though most believe the technology can assist users across areas including education, employment and childcare.

The vendor polled more than 6,500 early adopters across 13 cities globally about their expectations of how AI could influence their lives in the 2030s, asking them to evaluate 120 digital services across 15 areas that are powered by the technology.

Services range from personal shopping assistant to simulation of real-life experiences and work-related advisers.

The report reflected a divide in opinions regarding future AI deployments, with 51 per cent of participants expressing “hopeful” expectations on how the technology can be applied, compared to 49 per cent who are “fearful”.

However, only 37 per cent of respondents under the hopeful category believe they will have control over how the technology is used in their own lives. The figure is lower for those under the fearful category, at 27 per cent.

Notably, Ericsson found “60 per cent of even the most ardent AI fans believe they will not have full control of how it will impact their lives in the 2030s”.

In terms of use cases, 80 per cent of the total respondents believe they will devise AI simulations to help them make “life-altering decisions”, such as buying a house or adopting a healthier lifestyle.

Participants also believe AI can assist in upskilling children and help them secure an attractive job.

Head of research agenda at Ericsson Consumer and IndustryLab Michael Bjorn said the research mirrors early adopters’ expectations that AI will have “significant roles in their future daily life”, while noting the technology’s future implications on network data traffic.

”Another insight is the concern that early adopters have, including the biggest supporters of AI, about the future control of AI in their personal lives. This shows a need for companies working with AI to address the concerns of consumers as they develop solutions.”

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Nvidia leaves Apple behind as market cap passes $3trn

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Nvidia’s market capitalisation surpassed the $3 trillion mark in a feat that places the AI chipmaking powerhouse as the world’s second most valuable company, surpassing Apple for the first time.

The company has experienced rapid growth in the past year, in particular as early bets around chips to power AI models began to pay off, taking it to a value of $2 trillion in February. With its share price surging 5 per cent yesterday (5 June), it ended the day at $3.01 trillion, marginally ahead of Apple at $3 trillion.

Notably, Apple lost its position as the world’s most valuable company to Microsoft earlier this year, also largely due to the latter’s AI push and partnership with trailblazer OpenAI. Nvidia could expect a further surge after instigating a stock split, which will increase the number of shares bought by a factor of ten while reducing their value, enabling smaller investors to get involved. The move will go into effect tomorrow (7 June).

Before the AI boom, the company founded in 1993 was best-known for producing computer chips which process graphics for gaming. CEO Jensen Huang has said AI models will lead to a new “industrial revolution” and transform global businesses. The company reported revenue of $26 billion in Q1, up 262 per cent year-on-yea

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