Africa

[mbewane]

It wasn't all easy in Shash, I got to hear some sad stories but they've maintained their communities and went from just another person with no money or means to make it, to businesspeople and pillars of the community. Hell, you find locals talkin patois so the exchange of culture definitely happened and is a beautiful thing to see given how tough a town Shash is to begin with.

To me you can't avoid the racial aspect, since it's so sensitive to diaspora Africans of the middle passage. To me, racial pride should be taught but with the idea in mind that all of us are a part of the same global family. The pride should go no further than the accomplishments of all our people, the survival of those Africans stolen from here, etc. But beyond that, superiority should never be preached. Plus, the less homogeneous the society the better so even beyond native Africans and diaspora Africans there should be people of other races to really bolster the culture and brain gain. Brain gain to me is the ultimate goal in this, native Africans are better taught foreign languages and the world outside of Africa while long lost Africans get to reacquaint themselves with their roots.

Shash sounds like a very interesting place

I can agree with all of the rest, especially the bolded

 

[Sinnerman]

KPMG: Nigeria Among World’s Four Major Investment Destinations

Nigeria has been ranked as one of the four major investment destinations and growth areas in the world.

According to KPMG, one of the world’s foremost audit, financial and tax advisory firms, Nigeria’s newfound status followed the disappointing returns recorded by the BRICS, with the exception of China.

BRIC was the term coined by Goldman Sachs’ economist, Jim O’Neill in 2001, to symbolise the emerging global economic powerhouses of Brazil, Russia, India and China. The term was later expanded to BRICS to accommodate South Africa.

However, KPMG at the weekend, said the poor regulatory environment, slower than expected growth prospects and disappointment returns on investment recorded by the BRICS, with the exception of China, has worked in the favour of Mexico, Indonesia, Nigeria and Turkey which have been termed the MINTs, as well as the ASEAN (Association of South East Asian Nations) region, now considered the new destinations for global capital and investors.

Global Chairman, KPMG International, Mr. Michael Andrew, who was on his first visit to the country last week, told reporters in Lagos that Nigeria and the other countries among the MINTs have attracted increasing investment offers and enquiries through the services of KPMG, amongst others investment and financial advisories, with the view of taking advantage of the high rates of return on investment.

According to him, with the exception of China, international investors have found the Brazilian, Russian, Indian and South African economies disappointing in the last few years and are looking for safe havens with better returns for their investments.

“The offers for the MINTs are intense and we are getting a huge amount of enquiries about these countries. People want to know how to do business in these countries, how to access the markets and how to take advantage of the long-term growth that is coming.

“If you are a CEO and you are sitting in London, New York or Frankfurt, because the market is growing and the cash inflow to these markets, the markets are putting pressure on the CEOs to try and find new markets where they can find growth.

“Particularly, companies in consumer markets such as financial services, food and energy are the ones that they are really focused on in these emerging economies,” he said.

Andrew, who spoke alongside the National Senior Partner, KPMG Professional Services, Mr. Seyi Bickersteth, and Partner, Management Consulting, KPMG Professional Services, Joseph Tegbe, said the international investors are interested in investing in the Nigerian capital market and could later move to the real and other sectors of the economy.

He said: “Initially they are going to move into the stock market, then they will move into the property market, then they will start to move into the real sector in economies such as Nigeria.

“So everyone is watching where this cash goes, but the real question is what are the factors that will actually drive this growth?”

Elaborating on the determining factors, Andrew said: “People are looking for a growing middle class, they are looking for a predictable regulatory environment, and they are looking for stable and transparent corporate governance structures.
“In the last few weeks, I have been to Mexico, Indonesia, India and then Nigeria, and their similarities are remarkable – between those economies and this one are the ones attracting a lot of interest.

“In the last few years, we have talked about the BRICS being the area of focus. But if you talk to international investors, their views will be that the BRICS, with the exception of China, have been quite disappointing.
“So they have found it difficult to invest in these countries, their regulatory environment is unpredictable and they have not been able to get good returns on their investments.

“As such, people are now focused on the MINTs – Mexico, Indonesia, Nigeria and Turkey. They are the four countries that international investors are really focused on for growth and investment.”

Bickersteth while fielding questions on the power reform and recent sale of successor companies of Power Holding Companies of Nigeria (PHCN), gave a pass mark to the Federal Government on the exercise.

He said: “The process is being handled by someone for whom I have a lot of respect for – Mr. Atedo Peterside. The process has been very transparent.

“However, you are not going to satisfy everybody in this particular deal, so my own opinion is that we must move forward. We need to move forward because if we don’t we are going to have a real problem in the power sector.”

Stressing that it has been shown quite clearly that the public sector cannot deliver the amount of electricity that the country needs to form the industrial base in the country, he observed that Nigeria needs the resources and the expertise of the private sector.

“On the overall basis, the power reform programme is something that I welcome; the process has been fair and the valuation, from what I understand, has been fair. So let’s move on and deliver the power objective that we say we want to deliver,” he submitted.

MINT though?

I'll take it
@IrishBrother

 

[Sinnerman]

It wasn't all easy in Shash, I got to hear some sad stories but they've maintained their communities and went from just another person with no money or means to make it, to businesspeople and pillars of the community. Hell, you find locals talkin patois so the exchange of culture definitely happened and is a beautiful thing to see given how tough a town Shash is to begin with.

To me you can't avoid the racial aspect, since it's so sensitive to diaspora Africans of the middle passage. To me, racial pride should be taught but with the idea in mind that all of us are a part of the same global family. The pride should go no further than the accomplishments of all our people, the survival of those Africans stolen from here, etc. But beyond that, superiority should never be preached. Plus, the less homogeneous the society the better so even beyond native Africans and diaspora Africans there should be people of other races to really bolster the culture and brain gain. Brain gain to me is the ultimate goal in this, native Africans are better taught foreign languages and the world outside of Africa while long lost Africans get to reacquaint themselves with their roots.

I can get jiggy with this

 

[IrishBrother]

MINT though?

I'll take it
@IrishBrother

Cheers for keeping us up to date on developments, breh.

 

[Sinnerman]

Cheers for keeping us up to date on developments, breh.

how are the wedding plans going

 

[IrishBrother]

how are the wedding plans going

Believe it or not, they are actually going well. Ive convinced me girl, that we can have a great wedding without obtaining a load of debt.

The atmosphere makes the wedding - we can drop 15 large euro(20 large dollars), still have a great meal, great entertainment and all that. If she had her way, originally, we would have dropped 50 large euro. Mad. I explained that we use our cash to invest in worthwhile projects and then we can give our future children a lifestyle we only dreamt of, as kids.

That sold her.

You know me, man. I adore my African queen. Id marry her if she was wearing a bin liner.

Our honeyman though, that is gonna be no expense spared. Thinking of Mauritius and a trip home too. Ever been to Mauritius, breh?

 

[Sinnerman]

Believe it or not, they are actually going well. Ive convinced me girl, that we can have a great wedding without obtaining a load of debt.

The atmosphere makes the wedding - we can drop 15 large euro(20 large dollars), still have a great meal, great entertainment and all that. If she had her way, originally, we would have dropped 50 large euro. Mad. I explained that we use our cash to invest in worthwhile projects and then we can give our future children a lifestyle we only dreamt of, as kids.

That sold her.

You know me, man. I adore my African queen. Id marry her if she was wearing a bin liner.

Our honeyman though, that is gonna be no expense spared. Thinking of Mauritius and a trip home too. Ever been to Mauritius, breh?

You know me, man. I adore my African queen. Id marry her if she was wearing a bin liner

you silver tongued devil you

that's good though, you got your girl in line

no I haven't been to Mauritius, do I have to add it to my list :when I go back home this summer?

are you gonna visit her home as well?(Ivory Coast if I remember correctly)

 

[FluffyCorleone]

Believe it or not, they are actually going well. Ive convinced me girl, that we can have a great wedding without obtaining a load of debt.

The atmosphere makes the wedding - we can drop 15 large euro(20 large dollars), still have a great meal, great entertainment and all that. If she had her way, originally, we would have dropped 50 large euro. Mad. I explained that we use our cash to invest in worthwhile projects and then we can give our future children a lifestyle we only dreamt of, as kids.

That sold her.

You know me, man. I adore my African queen. Id marry her if she was wearing a bin liner.

Our honeyman though, that is gonna be no expense spared. Thinking of Mauritius and a trip home too. Ever been to Mauritius, breh?

Sounds like a good place to do business: Mauritius Economy: Population, GDP, Inflation, Business, Trade, FDI, Corruption

I don't know much about the country. If I wanted to invest in Africa that would probably be the first place I'd go based on my limited research.

 

[Schmoove]

Nigeria

It's obvious America is one big demonic whores rectum

 

[IrishBrother]

you silver tongued devil you

that's good though, you got your girl in line

no I haven't been to Mauritius, do I have to add it to my list :when I go back home this summer?

are you gonna visit her home as well?(Ivory Coast if I remember correctly)

She mixed, but yeah her da hails from the Ivory Coast. Their flag is the Irish one back to front - only right they rocked up here to Ireland.

We are only spending three days in IV and some of that time will be business - she works with an African womens group, based in Dublin, that are anti FGM. So she wants to touch base with some likeminded contacts there.

We hitting Naija, my mothership, and spending a week in Mauritius too. Really looking forward to it now - the light at the end of the tunnel.

Havent been home in a while, cant wait to see my people. Il have my ear to the ground about upcoming business ventures in the area - no doubt about that.

But whats really exciting me is Mauritius. It looks an amazing island. Great people, Mauritians. We have a load of them here in Dublin. Great people - you go to a bar with them and you have to argue with them to let you buy them a round back for the five they got you in. Hospitable as f*ck.

Its a place with an awful lot of potential. A multilingual, young and well educated workforce that is now attracting some inward multinational investment. Them CEOs love their tropical get-a-ways. Could be a nice place to invest.

My boy says that the government corruption is rapidly declining and if they get a half decent government - the country could boom, financially.

Might be worth you checking out.

 

[Sinnerman]

She mixed, but yeah her da hails from the Ivory Coast. Their flag is the Irish one back to front - only right they rocked up here to Ireland.

We are only spending three days in IV and some of that time will be business - she works with an African womens group, based in Dublin, that are anti FGM. So she wants to touch base with some likeminded contacts there.

We hitting Naija, my mothership, and spending a week in Mauritius too. Really looking forward to it now - the light at the end of the tunnel.

Havent been home in a while, cant wait to see my people. Il have my ear to the ground about upcoming business ventures in the area - no doubt about that.

But whats really exciting me is Mauritius. It looks an amazing island. Great people, Mauritians. We have a load of them here in Dublin. Great people - you go to a bar with them and you have to argue with them to let you buy them a round back for the five they got you in. Hospitable as f*ck.

Its a place with an awful lot of potential. A multilingual, young and well educated workforce that is now attracting some inward multinational investment. Them CEOs love their tropical get-a-ways. Could be a nice place to invest.

My boy says that the government corruption is rapidly declining and if they get a half decent government - the country could boom, financially.

Might be worth you checking out.

this place could be something special

 

[IrishBrother]

this place could be something special

Potential is all there, man. Get a decent pr team in and adverise them waves to surfers across the west. Great waves, stunning beaches, cheap drink and food, low crime rate and hospitable locals. Tourism will take off.

Its a small island, with some post colonial issues, but if they go about their business correctly - who knows where the possibilities end?

Il go there with my eyes and ears firmly open and report back my findings.

 

[Sinnerman]

Potential is all there, man. Get a decent pr team in and adverise them waves to surfers across the west. Great waves, stunning beaches, cheap drink and food, low crime rate and hospitable locals. Tourism will take off.

Its a small island, with some post colonial issues, but if they go about their business correctly - who knows where the possibilities end?

Il go there with my eyes and ears firmly open and report back my findings.

do you think it could be marketed like an Ibiza type destination?

 

[IrishBrother]

do you think it could be marketed like an Ibiza type destination?

Not a bad idea.

Gotta remember though, the older folk are Hindu. The younger more liberal folk tend to emigrate to western europe for their 20s and return in their 30s. So it would be electoral suicide for a government to sell the place as such. The older folk are the ones who are there to vote.

 

[Sinnerman]

Not a bad idea.

Gotta remember though, the older folk are Hindu. The younger more liberal folk tend to emigrate to western europe for their 20s and return in their 30s. So it would be electoral suicide for a government to sell the place as such. The older folk are the ones who are there to vote.

yeah I forgot about the demographics of the country for a quick sec

still tons of potential though, hit me a pm when you return from there