The Chairman of Zinox Group and one of Africa’s leading digital entrepreneur, Leo Stan Ekeh, according to reports might be retiring from his company by 2021. A close friend of Mr. Ekeh thinks going by his tone at the Zinox Group corporate retreat held in April, it is clear he will retire as Group CEO when he turns 65 in 2021.
The source went ahead to state that Ekeh’s target is to achieve a tech group worth $10B in valuation by this time and if he realizes it, he intends to change the lives of his devoted employees by making every Management staff in the group who has served him loyally a billionaire and others millionaires before retiring into full-time research in the technology sector and social work.
“This is his ambition and I hope he realizes this, especially considering the turbulent Nigerian economy. This was one of the reasons his group did not retrench any staff during the last economic recession, an unprecedented feat that is highly commendable in view of the gale of retrenchment that greeted the economic downturn,” the source disclosed.”
To further confirm the report, Mr. Echika Ezuka, the Corporate Communications Advisor, Zinox Group pointed out that Ekeh’s decision to call time on his stellar career as arguably the continent’s foremost technology entrepreneur is one that was taken after deep consideration, as it would afford him more time to focus on his other humanitarian interests.
Mr. Ekeh has achieved a lot for both himself and Zinox Group. He supervised the biggest single ICT digital rollout in Africa with INEC in 2010 as well as the largest single e-Library and Wireless cloud rollout project on the continent through one of his companies – Zinox Technologies Ltd.
He was honored by former President Olusegun Obasanjo on the occasion of Nigeria’s Independence Anniversary on October 1st, 2002 for his sustained pioneering efforts in the area of Information and Communications Technology (ICT) and as a model for modern Nigerian youths, has been consistent with several technology innovations in Nigeria and beyond.
He also launched the first ICT support Company in Nigeria – ITEC Solutions Ltd. and also pioneered structured ICT Distribution in West Africa with the launch of Technology Distributions Ltd. which has remained the biggest distributors in the West African sub-region.
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Recently he expanded the Zinox Group by purchasing Konga, Nigeria’s e-commerce giants from previous majority investors, Naspers and AB Kinnevik. Another notable achievement is the pioneering of paternity leave in Nigeria when he introduced it in his company a few years ago.
Considering Mr. Ekeh’s active lifestyle, devotion to healthy living and Spartan discipline which has made him look much younger than his years, many might be surprised about his decision to retire. But we are wishing him all the best in his future endeavors.