By Austin Okere
The popular saying used to be that big fish would
eat small fish. This has since changed significantly in the light of recent
happenings in the global economy; UBER, until recently a relatively unknown
company out of Silicon Valley in California employs 160,000 drivers today, and
is adding an average of 20,000 drivers every month.
This transport services disrupter is now valued at
$41b. Another previously obscure company with similar roots, AirBnB, has over
1.5m accommodation on her platform, and is now valued at $25b. Upwork, a
platform that connects businesses with freelancers have gone from zero to $1b
revenues in just five years and projects to reach $10b in the next 5 years.
The new disrupters are not confined to just North
America and Europe. China’s foremost e-commerce business, Alibaba’s recent
listing on the New York Stock Exchange broke all records with a valuation of
$170b. DiDi Kuaidi, a Chinese transport platform is pooling over 8m drivers and
serving 10m commuters every day, in a consumer to consumer model.
Africa leapfrogs the trend
Here in Nigeria, our own Company, CWG Plc
(www.cwlgroup.com), has seen a record uptake of 6m new Accounts on the Diamond
Y’ellow Account platform; a mobile banking product that she white labels, and
recently launched in conjunction with MTN (the largest Mobile Operator in
Africa)