Ndubuisi Ekekwe

Lucky China as they fight to keep growth going : “In a series of unexpected moves, China has implemented consecutive interest rate cuts, signaling a strategic response to the current economic pressures facing the nation. …The People's Bank of China (PBoC) has reduced key rates, including a significant cut in the one-year medium-term lending facility rate, from 2.5% to 2.3%, injecting a substantial 200 billion yuan into the market.”

“To succeed in business, you must build a brand and never destroy it. One competitive advantage I had when I ventured into manufacturing was my brand ‘Dangote,' which I diligently built in the course of my trading commodities.” – Aliko Dangote

Mr. President: Last night, you provided one of the most important business cases for ages. Yes, if I have to relinquish power for my team to win, that is normal, and I will do it. You did it before the nation, and that is leadership.

(1) A culture where a manager can never be wrong because the assumed influence & power is used to make mistakes look “correct”.

In our over 100 companies, Tekedia Capital has institutionalized opportunities and lucks in communities through entrepreneurial capitalism. We just finished investing in 10 companies, including Lumona (USA), Dime (USA), Cybervergent (Nigeria), Binta (Canada), VaultPay (Congo DRC), MeekFi (Cotonou's Benin Rep), Fintellia (Nigeria), etc. We are recruiting a new class…

The United States invents. China scales. And the European Union regulates. Hello, Nigeria extends that…yes, Nigeria wants to collect. How? Osun and Delta States have fined Google and Facebook's parent company (Meta) $150 million and $200 million , respectively, for allegedly failing to remit withholding taxes (WHT) on payments to content creators and makers.

I have scanned the Twitter space to know if anyone is going to sue or block Netflix's recent price increases in Nigeria. Yes, this week, Netflix increased its prices by about 40% in Nigeria:

The principle of the Igbo Apprenticeship System is universal. In the Harvard Business Review, I wrote “The Igbo apprenticeship system (IAS) is a communal enterprising framework where successful businesses develop others, and over time provide capital and pass along their customers to the new businesses.” Donald Trump donated $5,000 to Kamala Harris' California attorney general reelection campaign in September 2011.

In 2015, 1 CFA franc in Cotonou would have given you N0.25 (or 25 kobo); today, you will get N2.50. If you run the numbers, that is a 10X appreciation over the Naira in less than ten years! Kenyan Shilling has delivered something closer.

Comment : You wrote “ For South Africa's rand, the Naira has lost a factor of 6 over the same period (1 Rand was about N15 in 2015; today, it can buy N90).“ What other things do I not know about Nigeria and South Africa in the capital market.