Cletus

Follower of Christ

[Ndubuisi Ekekwe @ndekekwe]

Question: “We have noted that Tekedia Capital has not invested in any renewable energy solar company especially in Nigeria. Can you explain why?”

Our response: We understand that energy is a big opportunity in Africa. However, the solar-based model with retail customers is not something we are open to explore at this time. This is not because of the usual challenges of manufacturing and selling hardware systems. Our real concern is that some of the major investors in these markets are actually international oil companies, directly or otherwise.

We posit that these oil firms are not necessarily investing in these companies for direct financial profits, rather, they are investing to have companies they can use for carbon credit transfers. In other words, if you flare gas in the core operation, you can also zero that out, via carbon credits, from a solar-based energy provider you invested in. That model is cheaper than going to Tesla, forest reserves, etc to buy carbon credits.

Consequently, for Tekedia Capital, it is going to be challenging to fund firms with capacity to beat that oil company-supported solar energy provider, as generating carbon credits is more important for the firm, than making direct financial gains. That is why we have avoided this sector. Of course, there are investors who do not care and do have capabilities to win; fair game.

As always, feel free to check what we fund https://t.co/gSk0hc9VJI . Of course, we welcome new Tekedia Capital Syndicate members as the next investment cycle will open in Oct 2024, and we have great companies coming; join here https://t.co/SyV9tnEaJ7

[Cletus @Cletus_SA]

@ndekekwe Always a pleasure to read your opinion Prof.

Your knowledge resonates quickly with logic and reason

[Ndubuisi Ekekwe @ndekekwe]

There is something very unusual happening in Mali, Niger and Burkina Faso. These are largely landlocked countries which posits that they have inherent geographical disadvantages. But since they disconnected from ECOWAS, pockets of uncommon visions have emerged. For everything done, I am concerned about the plan for them to have their own currency. As I write, the 3 countries remain members of the West African Economic and Monetary Union (Uemoa), a currency union, behind the CFA franc, which is issued by the Central Bank of West African States (BCEAO).

My secondary school Commerce teacher, Mr Udeagu Jr, explained that BCEAO does deposit foreign reserves in Banque de France and the French nation is the guarantor of the CFA franc. Good People, the trio have done many things including a rumoured turning down an IMF loan, but this new currency will not be an easy one.

I have written extensively in the African Union working papers on the perils of currency union within heterogeneous economic structures. My position is that building infrastructures and using tech to eliminate currency friction, across borders, should be prioritized.

In Nigeria, we use the Naira but without the rail networks, the level of trade between Maiduguri and Aba has gone down. And the one between Ovim (my Abia village) and Enugu has collapsed. The old Ovim Railway Station served more than nine local governments, linking communities to opportunities. We continue to use Naira but with no railway system, trade has faded.

So, it goes beyond having the same currency. Jumia does not deliver packages to Ovim, even though Ovim uses the same currency as Lagos. The issue is this: the currency of commerce and the operating system of trade - supply chain - is limited in Nigeria. That is the currency we need to have in Africa, and stop the illusion that because I can pay you with the same currency, all core problems with disappear. Yes, the trio can develop their markets via infrastructure linkages and leave the currency alone, for now. The risk of a currency mess is huge. https://t.co/2RE4gyiXXT

[Cletus @Cletus_SA]

@ParamLaboratory @gate_io Waiting!

[Cletus @Cletus_SA]

@LegendofArcadia We'll reap all

[Cletus @Cletus_SA]

@JamesNumbere Where is Victory @number_E , my guy I know you will have a hand in organising this communion 😄. I love the size of the bread, it equals a good breakfast. we need to be filled in his presence

[Cletus @Cletus_SA]

@yabaleftonline She has a big point regardless.

However, Pastors are not the ones pushing this narrative. This comes from an imperfect foundational African value and a lot of men, either a pastor African or an ordinary African carries this biased leaning. There is the opposite also but...

[Cletus @Cletus_SA]

@pastorpoju Here is the counsel 👇

"What will be sinful in such situations will be to allow yourself to be so influenced by people such that you deny your deepest convictions trading it for human acceptance."

💯

[World Faith Believers Convention @WOFBEC]

A component of faith we must understand is knowledge

There is spiritual knowledge behind the practice of our convictions

~ @ApostleArome

#WOFBEC2024
#FaithThatMovesMountains

[Cletus @Cletus_SA]

@OkeStalyf @LordMoe9ja 🤣

[Cletus @Cletus_SA]

@EduUdechukwu No small Christ actually MOG 😁

[NaijaFarmer @Nig_Farmer]

This is a 4 in 1 Rice Milling Machine, It processes 600kg of milled rice per hour
It destones and gives you exactly the same quality just like the big rice mill

Imagine we have this in each rice producing community across Nigeria.

But No!

Let's carry 400 people to Dubai!

[Premier League @premierleague]

How many names have you been saying wrong? 🤨

[Cletus @Cletus_SA]

@ndekekwe Lol.

Prof., Your obsession with Ovim is something

[Cletus @Cletus_SA]

@kingwhsam Interested.
Remote only

[Apostle Edu Udechukwu @EduUdechukwu]

We Pray too Much in Africa.

I have heard a lot of people make this assertion, mostly on a negative light to cast aspersions on prayers and praying.
Firstly, the matter of Prayer is beyond man's adjudication, just like that of the Word of God; you either join or bend over. The implication is that many unfounded opinions does not stop prayer from being critical and central to Possibilities in God and through God.

That briefly been said; a surface enquiry into the content and purpose of prayers and praying in Africa reveals the reason for obvious inconsistency in the expected societal transformation.
It's a simple matter of garbage in, garbage out. It's a simple matter of enquiry and output.
We have had the privilege from God to recover the lost art of praying and bringing people into it and I have to say sadly that some people involved in these praying are there for their SELFISH and MATERIALISTIC GAIN and this is not limited to us only, but other people involved in public prayer ministry.
For us, over the years the number of these Heathenistic Prayer Contractors reduced and some even stopped coming. They felt we are not properly channeling the prayers since its not solving their personal ambition, gain and lust. One even asked, since you've been praying what have you gotten from it.

This pushes even genuine men of God called to pure Intercession to abandon it for prayers of selfish results of which many of the receivers are enemies of God in heart and words. One of them told me years ago that the way I'm going that no one will come to my church, well, the Church is neither mine nor built by man. Another told me I should understand that Nnewi is a business town that if I can understand how to pray for people's businesses that I will make it in no time and never worry about financially flows.

The implications are that we are found in a vicious cycle; pastors praying for them to get their wishes met because that's the only way to keep them and make progress in ministry. Some of them yahoo boys, criminals, evil politicians, wicked pastors, prostitutes or what is now called runs/hookup, acute immorality etc. And some pastors that are willing tools will teach these people going to hell if they don't change, that God loves them and through these prayers will do anything for them.

Please let me say CATEGORICALLY that WE ARE NOT PRAYING YET in AFRICA until we pray God's PRAYERS and BURDEN . If it is to consume it on our selfish desires, God's established purpose of Prayer and praying is defeated. This is why we can't have a territorial Revival, a national Revival, a DENOMINATIONAL revival because we are too selfish even in the Holy matter of prayers to pray God's prayer.

Let's awake to God's Holy burden today and first repent of desecrating the Holy places of Praying with the stench of flesh and Self and then cry to God, peradventure He will save Us.

2 Chronicles 7:14 KJV
If my people, which are called by my name, shall HUMBLE themselves, and PRAY , and SEEK MY FACE, and TURN FROM THEIR WICKED WAYS; then will I hear from heaven, and will forgive their sin, and will heal their land.

[Cletus @Cletus_SA]

@Joedesign23 @DeleMomodu Very apt translation

[POJU OYEMADE @pastorpoju]

Evening sessions line-up for @WOFBEC 2024. January 2nd to 8th.

[Cletus @Cletus_SA]

@beninghone Always talking as if they own Nigeria.

[Cletus @Cletus_SA]

@maazi_ogbonnaya Your Mazi Nnamdi Kanu rode majestically on the propaganda and led away many who lack esteem in their originality as if it is less blessed to be Igbo.