Afrobility: Africa Tech and Business

#8: Reliance Jio - How India's largest company enabled a mobile revolution & how Africa can also have a "Jio Moment"

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Overview: Today we’re going to talk about the potential for a Reliance Jio moment in Africa. We'll start with some context of the Reliance parent group, its telco subsidiary - Reliance Jio (& its digital services subsidiary Jio Platforms) & their impact on India. Then we'll end by discussing ways Africa can also have a Reliance Jio moment. This episode was recorded on July 26, 2020.


Companies discussed: Reliance group, Reliance Jio / Jio Platforms, Dangote Group, Remgro, Transcorp, Naspers, Safaricom / Vodacom, Transsion, América Móvil & MTN


Business concepts discussed: India Tech, vertical integration, government relationships, pricing strategy, import substitution, industrialization, debt financing & equity fund raising

 

Conversation highlights:

  • (00:33) - Why the Reliance Jio story is important to Africa
  • (02:29) - Background on Reliance parent group - founding & IPO
  • (03:50) - Reliance backward integration & expansion
  • (07:20) - Similarities to African conglomerates
  • (11:04) - Starting Reliance Jio Telecoms
  • (13:17) - Jio impact on competition, Indian economy & consumers
  • (18:55) - Jio 2020 fundraising
  • (24:24) - How can we have a "Jio moment" in Africa?
  • (25:47) - Western Africa candidates to create a Jio moment
  • (28:27) - Southern Africa candidates to create a Jio moment
  • (35:27) - Eastern Africa candidates to create a Jio moment
  • (37:00) - African governments or Non-African candidates to create a Jio moment
  • (42:13) - Bankole’s overall thoughts & outlook
  • (46:26) - Olumide’s overall thoughts & outlook
  • (50:30) - Bankole’s recommendation & small wins
  • (54:18) - Olumide’s recommendation & small wins

    •  

    Olumide’s recommendations & small wins:

    • Recommendation: Designing your life book (by Bill Burnett & Dave Evans)
    • Small win: "Earnings calls" app by Borsa Finance --> It's earnings season!
    • Small win: Kuda bank --> First digital-only Nigerian bank

      •  

      Bankole’s recommendations & small wins:

      • Recommendation: You're Not Listening: What You're Missing and Why It Matters
      • Small win: Watched football this weekend with my friends on a conference call. Potential for a unified co-watching experience product --> Have ideas? E-mail us!

        • We’d love to hear from you. If you have feedback, topics you’d like to hear, or just want to say hello, please email [email protected]


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        Afrobility: Africa Tech and BusinessBy Olumide Ogunsanwo and Bankole Makanju
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