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Verraki Partners seek new narrative for Africa’s tech space, businesses

Verraki Partners seek new narrative for Africa’s tech space, businesses

Verraki Partners, a new business and technology solutions firm, has said it wants to set a new and positive narrative for the growth of businesses on the African continent.

The new company hopes to achieve this by implementing technology and business solutions designed inherently for Africa while curating business ventures to unlock new sources of growth across the continent.

At the media unveiling of the company in Lagos on Tuesday, 23 April, the leadership of the company said it is asserting its capability not only to provide tailored business solutions across technology, advisory and ventures, cutting across the social sector, services, and real sector. Verraki is also focused on working with its clients to provide solutions to Africa’s seemingly intractable challenges.

“Professional services firms in Africa are currently at an inflexion point,” Niyi Yusuf, the managing partner of Verraki said at an interactive session with the media. “Digital technologies, revolutionary ideas and new business models are creating disruptions and new factors such as agility, flexibility, risk intolerance, cost-leadership, value for money and entrepreneurship are key requirements for success.”

The five founding partners of Verraki – including Toluwaleke Adenmosun, partner, services; Niyi Tayo, partner, Technology; Abayomi Olarinmoye, partner, Real Sector, and Kelvin Balogun, partner, Ventures – are former executives in Accenture Nigeria. Yusuf explained that unlike reports that claimed Accenture has exited the country, there was a reorganisation of Accenture operations in Nigeria.

Following that reorganisation, Verraki will now handle services to Accenture clients in Nigeria while Accenture will continue to support and provide services to Verraki, including delivering support and access to specialised skills on projects as applicable.

Verraki will also develop technical support agreement for specialised support provisioning with other global companies in USA, Europe, China, and India among others as required.

“Verraki’s birth at an auspicious time like this is driven by our understanding of clients’ needs and our desire to harvest the opportunities the disruption brings and participate fully, via a rebalance and reconfiguration to address the specific needs of the market,” Yusuf said.

With Verraki clients can expect expanded services to cover more sectors of the economy and servicing different types of customers (small and big, local and multinational). Importantly, Verraki will also be investing in the market while taking measured risks and developing relevant home-grown, solutions that are needs-based and affordable, offering significant value for money.

The company also sees its impact extending with the coming on board of the Africa Continental Free Trade Area (AfCFTA) in 2019 to create a single continental market for goods and services, with free movement of business, persons and investments.

“We are excited about the prospects on the continent and look forward to contributing to Africa’s transformation via fit-for-purpose solutions and working with leading enterprises and governments to drive their capacity and motivation for change,” Yusuf said.

Verraki 1, 2. L- R: Kelvin Balogun(Partner, Ventures); Abayomi Olarinmoye (Partner, Real Sector) ;  Toluwaleke Adenmosun (Partner Services); Niyi Yusuf (Managing Partner/Social Sector) all of Verraki Partners during the company’s media unveiling in Lagos. April 23, 2019.

Verraki 3. L – R: Toluwaleke Adenmosun (Partner Services); Niyi Yusuf (Managing Partner/Social Sector) Kelvin Balogun(Partner, Ventures) Abayomi Olarinmoye (Partner, Real Sector) all of Verraki Partners during the company’s media unveiling in Lagos. April 23, 2019.