Sometimes I wonder if we should be building certain types of African organizations with obvious gaps in people resourcing?Then I remember what my uncle and his friends did for the financial sector with MAYO and PTC.

Edtech has actually been in Africa longer than we think.

I am in a meeting now that is so annoying but I want to take my mind off things that upset me to talk about love and marriage.

I have been listening to people talk in many @joinClubhouse rooms about what they expect from potential partners and laugh very hard each time.

I laugh because those expectations are what keep a lot of people single. Being single is also not a bad thing as I have been more single in my lifetime than I have been in relationships. I also learned a lot about what kept me single for all those years. It was largely idealism.

Let me digress a bit to one of the pivotal encounters in my life when someone literally came out of the darkness to evangelize to me.

He deliberately ran towards me to deliver a message as if he had been sent on an errand. He told me that God doesn't want perfection.

He said, God wants us to strive towards perfection but knows we will never attain it. He said I should not beat myself up whenever I don't measure up but I should remain trying. It is the act of trying that is desirable. God is the only perfection and we strive to be like God.

I became an Atheist after that conversation. I took the opposite direction in search for perfection. In a roundabout way, it led me back to faith.

That is also my story of love and relationships. The best came at my most skeptical moment after I gave up on everyone else.

There are many Africans with a free $50k to $100k lying idle somewhere than we think. They keep cash as a contingency for many reasons. Anything can happen. Positively or negatively. Cash is sometimes worse than a dead asset. They keep it anyway. Most likely outside Africa.

I was having a chat with my best man about African investments and I could have tried to teach him ancient Sumerian instead. Dude’s mind is closed to Africa. He would rather invest in Dubai as it made more sense. Problem is there are African investments with much better returns.

I think Africa has a massive PR problem. The problems are real no doubt but the opportunities are also real. The news about the problems overshadows the details about the abundance of opportunities. I still can't forget the lady at @Ashesi who told me about African abundance.

I have seen magic done in 2001 with $285m raised all locally in a month for a deal. Over 20 years later, African startups are still hustling in a demo day abroad for thousands of dollars that other Africans already have to give but don't or can't. It is a complete mindfuck.

There is a reason African people don't believe too much of the good news. They have been brutalized and conditioned so much with bad news that it becomes their frame of reference. Where else can a train track be attacked twice in two days and nothing is said by the government?

Epic Win!

That was our team. 🔥

One thing I am grateful about is the ability I have always had to keep living my life on my own terms without being drawn into trends. I am an obsessive extremist. I don't do middle ground obsession. When I love something, I don't do half measures. I can also do dislike that way.

What I have learned is that there are some trends you can't avoid even when you don't like the hype around them. One of those trends is crypto.

My boss @osuide ALWAYS without fail, predicts big things in tech. He introduced me to the Internet with my first infoweb account.

He introduced me to crypto too in spite of my misgivings. I bought $300 bitcoin and promptly lost it. The fact that I could lose something valuable that easily was my pain. I didn't at first see the bigger picture of custody aggregation. This was before coinbase became a thing.

I had actually searched for the domains ”bitbase” and ”coinbase” and maybe I even owned one of both domains at some point, I can't remember. I was, however, a very early adopter who dropped off when it seemed to become a fad. I was even on some ICO advisory board at some point.

I remember I wrote to @iaboyeji and @TechProd_Arch to take it seriously at Flutterwave. I also had a chat with one of the founders of the local exchanges about not using the .ng domain and using .africa to avoid the Nigerian government and their potential issues.

What is the calculation of the super-rich Nigerian and why don't they run to the hills whenever there is an economic crisis?

I think because each crisis presents new opportunities with loopholes to gain advantage. I’ve once said that Nigeria is the world’s opportunity capital.

What Nigeria produces in abundance is opportunists. We don't do capitalism or socialism in Nigeria, we do opportunism.

Opportunism doesn't think long term about anything. It takes lemons and makes lemonade, then tries to create a lemonade monopoly to have outsize sales margins.

This is why we import when things are scarce. We trade when we are broke. Importation and trade are very short-term value creation processes without long-term upside. It is why our wealthy people are ”low-quality” according to @DoubleEph 😂

There is generally no production depth

Our banking system is also complicit in supporting this charade. It is why most of the nonperforming loans have been made to these same opportunists masquerading as the ”super-rich”. I missed the opportunity to add quotes in my first tweet. Their so-called wealth is qualified.

Something is fundamentally wrong when an economy is almost completely transactional. Yes, I have made money from fintech but I also see the long term damage of the current fintech hype. Nigeria as a country has been in one long hype cycle. This is why I keep saying it isn't real.

A Thread
Joseph Hope, Editor-in-Chief of the New York Times:
Narendra Modi's sole aim is to make India a better Country.If he is not stopped, in the future India will become the most Powerful Nation in the World.. It will surprise the United States, the United Kingdom & Russia

Narendra Modi is moving towards a specific goal.. No one knows what he wants to do..

Behind the Smiling face, a dangerous Patriot.. He uses all the Countries of the world for the benefit of his Nation India..

Destroyed US ties with Pakistan and Afghanistan..

Narendra Modi has created an alliance with Vietnam, shattered China’s Superpower dream and made use of the 3 Countries.The longrunning dispute over oil extraction overseas between Vietnam and China has benefited India.. With India's support,Vietnam began producing Oil

In China's Southern Seas..
It supplies all of its Oil to India.. The United States has different support for this. He made Pakistan a poor Country.He brought the Port of Iran under his control.

He has set up an Indian Military base on the border with Afghanistan,very close to the area that divides Pakistan. In order to increase Indian trade, he has also built a route through Iran (leaving Pakistan) to Afghanistan..
Narendra Modi’s desires are going one by one.

THREAD

1)
#Iran’s regime has a network of apologists/lobbyists in the US influencing foreign policymakers.

Kaveh Afrasiabi was recently arrested for acting as an agent of #Iran's regime.
https://t.co/fJq6jRtBha

There are more.

cc: @TheJusticeDept

Why should we be careful when talking about a “jobs bounce-back” in South Africa? - A THREAD.

You don’t get better labour market economists in South Africa than the @NIDS_CRAM team, but the main finding of an “employment bounce-back” seems counterintuitive. What’s going on? 1/n

NIDS-CRAM does NOT show a rebound to pre-COVID employment levels. They report 700,000 job lost between Feb and Oct 2020, this is massive = 3.85% fall (broad definition). The authors of the employment paper say this could be as high as 5.3% or 960,000 jobs.

The authors @joshbudlender @ihsaanbassier (+ Rocco) also show that Oct employment is normally higher than Feb employment, super roughly Oct is plausibly around 102% of Feb. This means it’s plausible 360,000 jobs would have been gained between Feb-Oct *anyway*.

This would mean - within the study parameters - it’s possible COVID has caused up to (an outer outer limit) of 1.32 million job losses when comparing Oct 2020 with what we would have expected it to be in normal times. This is a total disaster in the context of the SA economy.

This is roughly what we should expect from the StatsSA QLFS. This showed 2.2 million jobs lost in first half of 2020, and 543,000 regained in Q3, meaning a loss of just under 1.7 million jobs in first 9 months. We’d definitely expect some more jobs regained in Oct-Dec.

@atsumori5834 An Argentinian variant of Italian fascism with stuff from German National Socialism that took an unexpected turn and led to a globalist and progressive ideology. Menemism was a conservative variant but not faithful to the doctrine and from that new generation arose Kirchnerism.

The Kirchnerists are antifascists and "supercapitalists", which is a term used by Juan Perón to refer to a deformed, monstrous style of government, the result of the fusion between Marxism and Capitalism (Globalism).

The Kirchneristas dubbed themselves Peronism and little by little they are making the orthodox Peronists treated like outdated garbage and surely soon persecuted as if they were authentic NationalSocialists. A tragedy.

Peronism is full of progressives, globalists, left liberals, feminists, zionists...
Left: Juan Perón, creator of the Peronism movement.
Right: Alberto Fernandez, actual leader of the Peronist movement. Pathetic.

In addition, the Kirchnerists give our sovereignty to the Chinese, and they do not recognize the value of our Japanese brothers. But Perón admired the Japanese a lot. Carlos Menem also maintained excellent relations with Japan