In many places across the world, the consensus is that artificial intelligence will displace workers, especially those at the entry levels of industries. The narrative is that AI will trigger disintermediation, eliminating jobs in massive numbers. But let me share a perspective: Africa will not be severely affected in this disruption. In fact, the continent may benefit in unique ways.
Years ago, I had divided modern civilization into three eras: the invention society, the innovation society, and the accelerated society. Those who have studied with us in Tekedia Mini-MBA know that framework well. In the invention era, brilliant minds created the pillars of modern knowledge in physics, chemistry, mathematics, and biology. But they did not commercialize those ideas into products and services.
The innovation society did what the inventors did not: they transformed those discoveries into products that shaped modern commerce and life. From the understanding of compounds, vaccines emerged; from electromagnetism, industries were born. Then came the accelerated society—our present moment—where technologies, powered by automation and AI, are compounding at breakneck speed. We are experiencing a Cambrian explosion of possibilities, and markets are being reshaped in unprecedented ways.
But these epochs have not been universal. They largely describe the realities of a few regions: Western Europe, the United States, China, and a handful of others. Sub-Saharan Africa has not fully crossed from invention to innovation. We remain largely in the era where ideas abound, but the systematic conversion into scalable products and services lags. And since AI can only disrupt jobs when innovation has created industries and employment structures to disrupt, Africa is shielded. The foundations required for AI-driven mass job losses are still thin across the continent.
Of course, this does not mean AI will have no impact in Africa. In banking, insurance, and telecoms, AI will certainly play roles. But let us be factual: how many people are employed in those sectors compared to agriculture, trade, and informal economies? The vast majority of Africans work in spaces where AI is not immediately applicable.
So, while the world panics about job losses, Africa must think differently: this is our window to leapfrog, to harness AI not as a destroyer of work but as a catalyst for creating new categories of industries, jobs, and opportunities for our people.
In 2016, MTN was slammed with a $5.2bn fine for unregistered SIMs. They called Seamfix. We had 10 days to rebuild their entire SIM registration system.
Fastest identity platform rollout of its kind globally. We rebuilt our systems to handle 100x previous capacity and captured tens of millions of biometrics in record time.
We slept in MTN’s office throughout. On our desks, under our desks. No going home. It was war.
If we failed, MTN was in serious trouble. And so were we.
We didn’t fail.
People wonder why fraudsters can't use the same intelligence and effort to do legitimate work.
However, it's actually more difficult to do things right. It takes more effort to be good than bad.
When you have no conscience, you don't second-guess your decisions or think about who you hurt. You have a god-like complex because you're smart enough to get away with stuff others won't attempt.
So, when you see someone trying to make money the right way, they deserve accolades. It's crushingly hard.
A white patient called me a “nigga” and I burst into laughter. He then repeated it and I laughed harder. He asked why I wasn’t offended and I said that I’m Nigerian.
He then asked me to go back to my country on the monkey boat I came on. I found that funny too and laughed some more. He asked why and I said that I came on an airplane.
I always remember the interaction because by the time I walked away, he was very offended by my laughter and that I wasn’t offended. I learned a lesson that day.
In the right spaces, the very aspects of you that were attacked will be celebrated.
Don’t let ignorance and oppression silence you.
Your fire will warm many you have never met. Your fire will save lives, including yours.
Once you hear by so & so age, you should have done this or own that, unlook & leave the pressure where it belongs. As much as I encourage young people to work hard & do great things early, I know that our paths are uniquely different. Reject pressure, including marital pressure!
Be careful of Outlier examples. They tell you Bill Gates was a dropout,but they won't tell you his mother was on the board of a Bank. They'll tell you Zuckerberg dropped out, but they won't say his parents were top medical professionals.
Jeff Bezos didn't drop out, but he got about $250,000 from his parents at the start of Amazon. These men worked extremely hard, but you could also see the advantages they had.
There is a reason why most start-up founders are middle class. The majority of start-ups fail, and it is a huge risk if you come from nothing.
We have not even added the "American" advantage over the whole world since Bretton Woods.
If you have no financial shock absorber, take your education and skills seriously!
Here’s a business finance advice I’d give to my younger and future self: Plan your cash flow well. Invest in assets as you make money; don’t just keep the money in the bank. Invest in strategic partnerships too. Most importantly, diversify your income sources. #AsYouRiseToday
I've been searching for this video since the first time I saw it.
I'm glad I found it today.
May God protect this sweet little girl and bless her lovely father for creating one of the best online content in 2024 ❤️.