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goloyieng · 3 years

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With OTE (Overtime Elite) League, Is the Basketball World ready for the establishement of its Academies as in Association Football?

Luka Doncic, the Dallas Mavericks $200 million, 4 year contract dollar star player went to a Real Madrid Basketball Academy at a young age and came out shooting the light outs in the most elitest league in the world, the NBA. In North America, particularly the USA, they have elite high schools, college basketball programs and NBA development league also known as the NBA G league, and with the G league, young players would be institutionally forced to play with amateur, or aging players with no future in the NBA, or Turkish Airlines EuroLeague. European football(soccer, or association football) have centuries old academies owned by the European footballing elite clubs such as Liverpool, Barcelona, Real Madrid, Bayern and now with cash stacked giants, especially the likes of Paris Saint Germain, Manchester City and Chelsea. Thanks to the visionary exploits of Kevin Ollie, the former winning coach of the 2014 University of Connecticut Men's basketball NCAAM Champions, OTE was created out of a sheer desire to develop the future elite basketball stars and create a conducive environment where they could compete again each other; perhaps influence their game to the next level. Zion Williamson, the New Orleans Pelicans star player marketball value at Duke University was $7 million. This is the right environment where they will be able to market their images, and overall their value. Rapper Drake, Carmelo Anthony, Kevin Durant and the world richest man, Jeff Bezos, invested in Overtime Elite.

From Martenzie Johnson's the Undefeated and Espn article:

Overtime Elite pro basketball league launching in September, will compensate high school-aged players

According to OTE president and commissioner, Aaron Ryan, some current players feel their high schools don't offer adequate academic and skills development and want to challenge current NCAA rules that don't allow them to profit from their likeness.

"This offering and opportunity not only gives you pro-caliber training and development in a facility that models and starts to simulate what life will be like in the NBA ... but it also provides a six-figure salary," said Ryan, who worked in the NBA for 22 years, including most recently as vice president of the NBA 2K league.

Each OTE player will earn at least $100,000 guaranteed for the season. The league also plans to compensate players through bonuses, equity in Overtime, and revenues from a player's name, image and likeness, the latter an NCAA issue that is currently being discussed in Congress.

Along with full health care benefits, OTE will offer up to $100,000 for players to use toward college tuition in the event a player doesn't go on to play in the NBA or other professional leagues.

In lieu of a traditional high school curriculum, the league will offer an academic program that it says will focus on "financial literacy, and media training."

On a Different Note

The Ugandan Twitter Blogger Charles Onyango - Obbo says, "Africa’s richest man Aliko Dangote says barriers at borders making intra-Africa trade difficult, so most businesses prefer to ship from China than deal with the hassles at borders. Says Africa Free Trade would earn his businesses $12 billion a year. Dangote says today it takes 14 days to move goods to Ghana from Nigeria, which should ideally take 10-12 hours. Takes 10 days to move goods to Togo, which is just 270Kms to Lagos (Eliud Kipchoge could run there in less than half that time, I guess)." Full Article is on Salaam Gateway website: https://t.co/u2vpvtFKOb?amp=1

Professor Ndubuisi Ekekwe: I have accepted to speak at Growth Africa Conference which is bringing thought-leaders and innovators together, to discuss and marshal out how to build $billion entrepreneurs for this age of app utility. The planting season is here and many investors and knowledge builders are planting in Africa. We will enter the growth phase very soon.

I expect a massive harvest from 2026. Forbes Africa millionaire list, take note; everything you have there will change because harvest time is near. Tekedia Institute, Africa’s most diverse school, with 39 nations represented, will serve as the knowledge partner of this program.

There will never be a great nation without growing companies; let’s grow Nigeria/Africa!

Visit: www.growthatafricaconference.com, to get your ticket.

From the Zimbabwean British Entrepreneur, Sir Strive Masiyiwa

Products from the most important entrepreneurs on earth!

__Time to shine, and help others shine, too

Last month I gave a #ShoutOut to a few professions I admire most. Many of you added to my list, including one of the most important jobs on earth -- so important that not one of us would be alive today without these entrepreneurs…

The women and men who grow our food! And I don’t just mean our millions of smallholder farmers [mostly women] who help feed the African continent through their daily toil. I mean the emerging array of innovators in agritech, agbiotech, “Novel Farm Systems” and many many applications of fintech and AI designed to increase productivity, market links, capital access, and profitability in this critical industry.

With the rich land on our continent, there's just no reason why our governments should have to import tens of billions of dollars of food each year, [even though the balance of trade in at least a few countries is better than it used to be]. You all know by now that there’s a trillion+ dollar opportunity in Africa’s agrifood industry.

__But who's going to profit?

Our own agrifood Afripreneurs, innovators and industrious workers ... or others? Will jobs be created or lost with these new technologies? It’s really up to us to decide.

So! I have a little project for some of you. First, let me introduce you to this year’s GoGettaz Agripreneur Prize Top 14. These seven men and seven women agrifood entrepreneurs (ages 18-35) are going to compete online on Wednesday, 8 September at the AGRF Summit to win two prizes of $50k and four others of $2,500. Big congratulations to these innovators for getting this far, out of about 3,300+ registered applicants who started the process!

# Emanuel N. Kungu, Afri-EcoFeeds, Tanzania, https://bit.ly/TOP26-AfriEcoFeeds

Recycles waste from the food processing industry such as food peels and trimmings into low cost animal feed for poultry, pigs and dairy cows (M)

# Costantine Edward Herman, Agrilife, Tanzania, https://bit.ly/TOP26-AgriLife

Introduced pioneering waste-to-nutrient insect technology using black soldier fly larvae to up-cycle organic waste into eco-friendly protein for animal feed (M)

# Michael Ogundare, Crop2Cash, Nigeria, https://bit.ly/TOP26-Crop2Cash

Proprietary technology enables smallholder farmers to receive digital payments and build their financial identity while also making credit accessible (M)

# Baraka Jeremiah Chijenga, Kilimofresh Foods Africa Limited, Tanzania, https://bit.ly/TOP26-KilimoFresh

Trades and markets all types of foods, grains, fresh fruits and vegetables, reducing post-harvest losses via cold storage while powering all activities with renewable energy (M)

# Nana Yaw Antwi-Boasiako, ProSect Feed Ltd, Ghana, https://bit.ly/TOP26-ProSectFeed

Researches, farms, processes, and markets carefully selected insects as a sustainable and affordable source of protein to feed poultry (M)

# Gabriel Eze, Rural Farmers Hub, Nigeria, https://bit.ly/TOP26-RuralFarm

Provides agricultural services with a core product called Capture™ which uses a proprietary algorithm and big data to assess crop and soil health, then generates near to real-time farming insights and advice (M)

# Nshimiyimana Alexandre, Sanit Wing Ltd, Rwanda, https://www.sanitwing.net/

With 90% of his suppliers being local women farmers, Sanit Wing processes and manufactures locally sourced, pesticide-free avocados into high-value oils, cosmetics and soaps (M)

# Fily Keita, Agrowomen, Mali, https://bit.ly/TOP26-AgroWomen

Adds value to local cereals and oilseeds by processing sesame seeds and producing cold press and natural sesame oil, snacks, and tasteful rice, working with women farmers’ cooperatives as key partners (F)

# Tracy Kimathi, Tree_Sea Mals/Baridi, Kenya, http://baridi.co.ke/

Developed and introduced Baridi - innovative solar-powered cold rooms and IoT remote access, with vision to reduce post slaughter loss throughout East Africa's livestock value chain (F)

# Sepenica Darko, FarmerTribe Company Limited, Ghana, https://bit.ly/TOP26-FarmerTribe

A one stop shop for smallholder farmers in last mile communities to access quality and improved seed, agrochemicals and fertilizer, agronomic training, extension services and market linkages (F)

# Diana Orembe, NovFeed, Tanzania, https://bit.ly/TOP26-NovFeed

Uses a proprietary technology to up-cycle organic waste into high-protein fish feed and organic fertilizer using bacteria and the black soldier fly, while providing data to fish farmers to help them improve their yield (F)

# Evangelista Chekera, Passion Poultry, Zimbabwe, https://bit.ly/TOP26-PassionPoultry

Designed and now manufacture and distribute innovative proprietary poultry equipment for small scale urban farmers (F)

# Chidinma Eriobu, Phronesis Foods Nigeria Limited, Nigeria, https://bit.ly/TOP26-PhronesisFoods

Organically processes and packages local Ukwa (breadfruit) for sale in both local and global markets (F)

# Jolenta Joseph, Sanavita Company Limited, Tanzania, https://sanavita.co.tz/about-us/

Produces and processes orange-fleshed sweet potatoes, Pro Vitamin A maize, and high iron and zinc beans as well as runs awareness campaigns and nutrition education programs (F)

Now #Senior&JuniorClass, this is what I want you to do:

This is the real deal and next year it could be some of you! I have been talking to you for years about what investors look for, and have shared lots of information about how to pitch. I have told you about the 3Ps and Drucker's most important equation... [you know which one I mean].

Now it’s your turn. Let’s build each other up, but also be candid. Take a look at the 3-minute pitches with the criteria the Generation Africa GoGettaz Prize judges will use:

# Innovation

# Business model

# Social and/or environmental impact

# Market potential and traction

# Founder and management team

I will NOT be a judge myself but will be announcing the male winner, and my friend Svein Tore Holsether of Yara International [one of the co-founders with me] will announce the female winner. The four social impact award winners will be announced by my dear friend, Dr Agnes Kalibata who’s now both President of AGRA and the Special Envoy for the UN Food Systems Summit.

Here's a chance to apply your learning. A lot of people will be studying your comments. Time to shine, and to help fellow #Afripreneurs shine, too.

Let’s talk.

Image caption: From seed to table... without our frontline farmers and the whole supply chain to feed our world, where would we be? Here’s the link to see this year's 14 GoGettaz’ agripreneurs intro videos: https://genafrica.org/meet-the-top-14-finalists/

The 3-minute final pitches will be 1 - 2:30 pm CAT on Wednesday 8 September. Keep an eye out on Sasai and here for more info!

The AGRF Summit this year runs 7-10 September and I'll be taking part in a few sessions. You can register here to find out more... and also watch online: https://agrf.summit.tc/

#GrowEntrepreneurs

#TransformFood

#GoGettazAfrica

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