Bremen
@Rxbremen • 14,668 subscribers
Pharmacist|| Capitalist|| Life is a satire || Dubito Ergo Cogito Ergo sum|| Polymath ||JW||Lone wolf
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The boy who chose shoes over code. — Yinka Atunde, a computer science graduate of Babcock University, saw his plans change in 2015 when delays to the NYSC programme gave him time to rethink his next steps. — Instead of tech, he followed his love for design. He travelled to Italy for a shoemaking course with placements in Italian factories, then toured factories in China, where the pace was faster and more commercial. —Then came the move that shocked everyone at home: back in Nigeria in 2015, he took a manual job in a local shoe factory, to the dismay of his family. From fashion shoes to safety boots — Yikodeen started in 2016 making fashion shoes, then a police contract pointed it toward safety footwear. Work on safety boots began in 2018, but certification and COVID slowed things down. — The big break? Saipem, the Italian oil-services firm, tested the boots and started ordering in 2022, proving a Nigerian maker could meet strict safety standards. — Local content helped too: Yikodeen is one of the few domestic manufacturers certified by NCDMB to supply safety footwear to the oil and gas sector. Regulation did the rest. — Lagos State Safety Commission now inspects even small construction sites, where workers once wore flip-flops. Demand got so heavy that they had to reject all military footwear orders for lack of capacity. Enter the money — Aruwa Capital Aruwa Capital Management invested $1.5 million from its Fund II as sole investor, to buy equipment that would take capacity 10x to 2,500 pairs a day, grow corporate sales and improve efficiency. — The investor's logic is worth noting: many of Yikodeen's corporate clients pay in dollars, a natural hedge against naira depreciation. — Aruwa has since led a follow-on round, with the company adding an upgraded plant and specialised lines for electrical and water-hazard environments. Ten years on Yikodeen claims over five million pairs in ten years and capacity of 5,000 pairs daily from a 120,000 sq ft factory in Ejigbo, Lagos.
Bremen106,869 views • 4 days ago
This is the brand I was talking about. Merok, Founder is Chekwas Okafor. MEROK
Bremen151,555 views • 5 months ago
“MTN Nigeria has more fiber cuts in a day than Saudi Arabia has in an entire year.” — Karl Toriola Despite MTN Nigeria investing almost 2 Trillion Naira in Nigeria, Karl Toriola explains why it would appear services have not drastically improved. MTN Nigeria are experiencing massive year on year data demand and month on month demand than ever before.
Bremen91,859 views • 3 months ago
Kobo 360. Started in 2017, as UBER to truck and logistics, between two founders, Obi Ozor (CEO) and Ife Oyedele (CTO). Raised $30 million in 2019 (a mix of equity and debt) led by Goldman Sachs. Kobo 360 later failed, ended in debt of over 10B naira; while Obi Ozor joined Enugu state government as commissioner of transportation. Watch why they failed and learn 👇
Bremen33,343 views • 3 months ago
Bringing to your attention another manufacturing company in Nigeria called Wemmy industries. — Founded in 1978 by Pastor Ademola Odunaiya and the late Dr. (Mrs.) Aderonke Odunaiya. — it’s a leading indigenous Fast-Moving Consumer Goods (FMCG) manufacturer and the pioneer manufacturer of disposable baby diapers in West Africa. — They make DrBrownCares products, diapers, wipes, soaps, lotions, ETC. — Partnered with Aruwa Capital Management here is their story 👇👇👇👇
Bremen15,150 views • 1 month ago
In 2016, when Segun Agbaje (MD/CEO of GTBANK) was asked questions pertaining the instability of the Naira, the two exchange system rates, about Nigerians exiting the country and investors leaving Nigeria due to infrastructural deficits. Listen to his response, his mindset and his perspective towards matters 10 years ago. I’ll let you decide if it still holds water today.
Bremen35,645 views • 7 months ago
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