Best Projects 2019 features all the nominated entries submitted ‘Submit your Project’ category. All the entries consist of innovative projects run by existing enterprises in the form of businesses, NGOs or informal programs.
ONE KIOSK AFRICA
Explain your project in details:
In Africa, Micro, Small and Medium Enterprises (MSMEs) contribute to over 85% of the employment force absorption. In Nigeria, there still exist a whopping 42% high rate of unemployment and underemployment when put together as at the report released by the Nigerian Bureau of Statistics for 2018. The Nigerian E-commerce sector poses great potentials, with a market estimation of over $15 billion and growth potentials to $75 billion by year 2025 according to McKinsey report. This is however not the case with key factors such as poor delivery timeline, high cost in price and logistics for delivery, concerns on safety of information online and quality of product accounting for the low impact and penetration. The above factors has led to increased dissatisfied customers and closure of various E-commerce solutions over the last 5 years which could have contributed towards reducing the unemployment rate and helping MSMEs have a platform to distribute their products or services. Through our solution, we are able to connect MSMEs to wider pool of customers within their radius of operations (Branch or HQ) and with our neighborhood community Pro-delivery service deliver products and services to the customers within a 59 minute cycle. We provide a tech-driven solution to busy working professionals and Micro Small and Medium Enterprises (MSMEs) to connect by leveraging artificial intelligence and GPS technology, were able to personalize results for users through a data-driven yet, fast, and efficient way. We also specifically built for low-income, middle class and communities to engage and boost local efficiency. By contrast, other E-commerce solutions in the past have been unable to utilize community engagements thus leading to high cost for delivery and poor delivery turnaround time. We also use a community base delivery system through our One Pro-delivery system where professionals within the neighborhood are assigned to make deliveries.
Impact of your enterprise on sustainable development
We secured a $3,000 grant commitment in January 2019 from Sterling Bank Plc to further increase our impact and development. We also just commenced testing of our platform and have achieved over $1,000 in revenue in less than 2 weeks. We project over 1,000,000 transactions over the next 12-18 months with revenue turnover of over $6 million. In the next 12 months, we expect to be serving at least half a million customers and communities through the One Kiosk Africa platform. For our merchants, we intend to have introduced workable offerings to increase their capacity to efficiently take charge of the delivery systems either by absorbing our One Pro-delivery members or building their own system. In 5 years, that's by 2024, we expect to have grown to over 3.5 million users and created over 1 million direct and indirect jobs through our platform value chain. The platform should also be accounting for about 10% of the Gross Domestic Product (GDP) of the African countries (Nigeria, Ghana, Kenya, South Africa and Egypt) where we operate by year 2024. This is in line with the research report by NASPERS on the viability of E-commerce in Africa.
Sustainability and future plans
Our path to financial sustainability is from our Market Linkage Model where we charge an average of 7.5% ($6) on every transaction done on our platform. This in turn facilitates job creation along our value chain where we intend to create over 1 million jobs by year 2024 towards reducing the high rate of unemployment in Nigeria and Africa. In 5 years, that's by 2024, we expect to have grown to over 3.5 million users and created over 1 million direct and indirect jobs through our platform value chain. The platform should also be accounting for about 10% of the Gross Domestic Product (GDP) of the African countries (Nigeria, Ghana, Kenya, South Africa and Egypt) where we operate by year 2024. This is in line with the research report by NASPERS on the viability of E-commerce in Africa.
Your profile as an entrepreneur
Adeshina is a 28 year old serial entrepreneur that enjoys creating solutions from Nigeria to the world. As an entrepreneur who has defied all odds and environmental limitations, Adeshina's commitment is to inspire, build and coach other entrepreneurs towards building profitable & sustainable ventures. Adeshina has seven years of experience in the private sector and social entrepreneurship where he has actively engaged in operations, youth development, business processes and entrepreneurship advisory. He earned a Bachelors degree in Accounting from Bowen University Iwo, Nigeria which he completed with a first class honors. He also received certifications in Entrepreneurship (sponsored by Sterling Bank Plc) from Enterprise Development Center, Pan-Atlantic University Nigeria. He has shown high level of commitment in driving positive change, promoting sustainable development goals and capacity development through various programs in Nigeria, Africa and the Globe. He has received several awards and recognition both home and abroad among which include; Google Local Guide Award, Business Day Media, Bowen University Student Proud Alumnus and IFC 100 African Startup Initiative Program. He holds membership with various institutes and associations among which include but not limited to the Nigerian Institute of Management (NIM), Information System Audit and Control Association (ISACA), Association of Accounting Technicians (AAT), Institute of Management Consultants, Institute of Business Diplomacy and Financial Management, Royal Society of Arts UK (FRSA) and Young African Leaders Initiative (YALI).