Ndubuisi Ekekwe

This is one of Nigeria's major challenges: diminishing foreign direct investments . Yes, “revelations from a presentation by Wale Edun, Nigeria's Minister of Finance and Coordinating Minister of the Economy, have shed light on a concerning trend in the country's foreign direct investment (FDI).

Good People, allow me to breathe. I did not create the foreign reserves data on Nigeria. I only picked that data from the Central Bank of Nigeria website. I am not spreading any fake news; that is impossible as I do not break news as I only focus on analyzing broken news. Understand that 99.9% of my posts have links to my blog. The goal is for you to go there and get references, links. The link to CBN website was provided, and here is the direct link for that plot on CBN website

Plot the exchange rate of Naira against time. Plot the foreign reserves of Nigeria against time. This is what you get. Is that statistically significant to deduce that the recent strengthening of the Naira was not done naturally, but has a connection to depletion of the foreign reserves?

On July 28, 2023, I wrote “ Nigeria will either pause the full floating of its currency or return back to fuel subsidy within 6 months.” The fuel subsidy has since returned at scale. Here are my sources:

The periwinkle rarely drops the precious gems until it is cracked. For years, China has possessed latent capabilities in the semiconductor industry. But magically, to unlock those abilities, only US sanctions could. So, when the sanctions came, China abandoned the US chips and

If you read investment briefs from Nigerian fund managers or broad capital market operators, you will see a version of this line: “We invite you to consider this investment in Africa's largest economy”. Yes, everyone likes to remind global investors that Nigeria is Africa's top economy.

In the current Tekedia Capital investment cycle, we have 10 startups, representing Canada, US, Congo DRC, Benin Republic, etc. Our vision is to breed technology unicorns, even as we fix frictions in communities, through entrepreneurial capitalism.

The most important component in a business is its Business Model . A business model is the logic of a firm, and encapsulates how a company will capture value. Board of companies hire CEOs and Executive Management for one main responsibility: design and commit a business to a business model (or models), and capture value from the process.

If this was indeed DONE, not just announced, I want to commend the government for it. Yes, Nigeria is scrapping/merging many dead/weak agencies and departments , including NTA, FRCN, ICPC, NCDC, NCC, etc. This is the right move and the government should stay the course and conclude it.

Kenya's Marketforce shuts down the ecommerce unit, RejaReja. This business has raised more than $103 million. It follows old Konga, OLX, Kalahari, Mocality, and other big funded ecommerce companies which have folded in Africa: “YCombinator-backed Kenyan retail startup Marketforce has announced the shutdown of its e-commerce arm RejaReja. The company's co-founder, Tesh Mbaabu, via a blog post, disclosed that the shutdown was due to struggles with profitability.”