Paul Orajiaka, a 37 year-old Nigerian entrepreneur, is the founder of Auldon Limited, a manufacturer of African-themed toys. Auldon manufactures dolls and other toys which depict, promote and teach Africa’s cultural heritage to children. Orajiaka founded the company 17 years ago with less than $100; it now has annual revenues of more than $10 million.
Apart from Nigeria, Auldon’s toys are now sought after in countries like South Africa, Ghana, Kenya, and some parts of Europe. Last year, Auldon launched the Unity Girl Dolls, a set of multi-cultural dolls clad in the traditional attires of Nigeria’s major ethnic groups. It has been a runaway success and a tremendous hit among Nigerian parents and their daughters.
Orajiaka is currently studying for a Doctorate in Business Administration [DBA] at Henley Business School of the University of Readin, majoring in Entrepreneurship. I recently had a chat with him where he recounted his journey and spoke about his future plans.
Read More: http://www.forbes.com/sites/mfonobongnsehe/2015/01/06/the-nigerian-entrepreneur-who-built-a-10-million-toy-company/
According to Business Insider, Jay Z may acquire music-streaming service WiMP for $56 million. Extremely popular in Scandinavian countries, and owner of Tidal, which operates in Norway, WiMP poses one of the largest threats to Spotify.
Olajide Olatunji a 21 year old is one of the UK’s most popular digital media superstars, boasting more than 9,000,000 subscribers to his two YouTube channels and a portfolio of brand endorsements to rival David Beckham
Olatunji films himself playing video games, usually his beloved Fifa and then uploads the footage to YouTube. He makes up to 40 videos a month. Each is watched around two million times.
The business model is simple: the more clicks his videos receive, the more cash he earns (through YouTube partnership programmes, which split the revenue from pre-roll adverts). This is the world of social media: a meritocracy which rewards mass popularity very handsomely indeed.
Not that he concerns himself too much with figures and projections: “I have an agent for that, I’m not business-minded.” “Fifa is my baby. I have to pinch myself sometimes… I am living a lifestyle most guys my age would love to lead, playing computer games and earning good money.”
“I would say in a year I spend maybe half of that playing Fifa. I love it that much. I think I must have spent 200 hours on the new game already. It’s pretty cool (to think) I’m known for Fifa, he adds. If you think of KSI, people instantly think ‘ah, that Fifa YouTuber’. I didn’t think I would be up there as the ambassador of Fifa on YouTube but I’ll take it.”
If you have ever thought about starting a business and wanted to focus on on the continent of Africa, then now is your chance. With the stroke of his pen, Obama initiated his executive order to add to the Doing Business In Africa (DBIA) Campaign he started in 2012.
This effort went into effect last year at the U.S.-Africa Business Forum where President Obama announce his plan to invest $7 billion dollars in new financing to promote U.S. exports and investments in Africa under the DBIA Campaign. This is on top of other companies, institutions and nations commitment of another $26 billion dollars for similar efforts totally a whopping $33 billion dollars in opportunity.
The goal of the effort is for the US Government to strengthen commercial relationships with the continent of Africa. POTUS recognizes there are a wide range of opportunities for trade, investment and more across the continent. This puts entrepreneurs and businesses in a great position for expansion and creates job opportunities right here in the United States.
The DBIA Campaign encourages U.S. commercial engagement in Africa by harnessing the resources of the U.S. government to assist businesses in identifying and seizing opportunities and to engage with members of the African Diaspora in the United States.
President Obama’s Executive Order (E.O.) is to promote broad-based economic growth in the United States and in Africa by encouraging U.S. companies to trade with and invest in Africa.
The E.O. creates a President’s Advisory Council on Doing Business in Africa under the direction of the Secretary of Commerce. The new Government resources to support the exports and investment in Africa will come from the following; Interagency Initiatives, U.S. Export-Import Bank, Millennium Challenge Corporation, Overseas Private Investment Corporation, U.S. Trade and Development Agency, U.S. Department of Agriculture, U.S. Department of State, U.S. Department of Commerce, U.S. Agency for International Development, U.S. Department of Transportation, U.S. Department of Energy, and the Office of the United States Trade Representative.
After one very disappointing shopping trip to find naturally made beauty products for tweens and teens, this sister duo decided to launch their own, Sweet Dream Girlz.
Sweet Dream Girlz has been seen in USA Today, Bloombergs Businessweek, Girls Life Magazine and celebrity endorsed by several teen, tweens and mothers. The naturally made beauty products are filled with shea butter and natural oils. And, free from harmful ingredients such as paraben and talc. The body product fragrances smell almost good enough to eat. The facial products teach girls that it is essential to learn good skin care habits at their age. The professional quality hair care products leave the hair feeling soft and silky.
These two aren't stopping at beauty, Their direct selling program, SPA DIVA empowers girls to be entrepreneurs.
They have expanded the brand to be
vibrant lifestyle of products to include fun, sweet sneakers, apparel and accessories. Thus, enabling teens and tweens to be Sweet Dream Girlz from head to toe
Michael Akindele, a 30 year-old Nigerian, is a director and a co-founder of SOLO Phone, an experience-driven digital content and smartphone company focused on delivering the best content and services on the mobile platform to African consumers.
SOLO Phone, which was established in Nigeria in 2012, is an experience-driven mobile device manufacturer which aims to provide the best content and services to the African consumer at an affordable price. The company manufactures smartphones priced at $150, bundled with free music of up to 20 million songs licensed from Sony, Universal and Warner. SOLO also recently launched a Video-On-Demand App available to all Android devices in Nigeria which offers the latest Nollywood and Hollywood movies from global movie studios.