How can a single individual produce such a detailed work and 3 solid investment banks completely missed it.
I desperately want to read a rebuttal from these 3 IB’s because this is insane
Here you go. Almost 8,000 words with plenty of charts. I have left the anti-Dangote polemic till the very end, after what I hope is a fair discussion of the numbers, so you can skip that part if you prefer https://t.co/WOSuORJo6X
Been following Mr Alli on X for over a decade way before he locked his account. He and @asemota have had such a huge influence on my life and super grateful to them.
Love all the way from Ghana sir🫡
Today's Spotlight: Andrew Folorunsho Alli
He is former President & CEO of Africa Finance Corporation (AFC), and Chairman of FirstBank UK.
He currently sits on the board of:
• MTN Nigeria
• British International Investment Plc
• Heirs Holdings
He previously held board roles at:
• Development Bank of Nigeria (DBN)
• Guaranty Trust Bank Plc (GT Bank)
• ARM Cement Plc, Kenya
• Cenpower Generation
He's a role model for the younger generation.
This is the reason why we have to figure out a way for Telecel and AT to survive but it’s looking very unlikely. Mtn has a super majority customer base and capital to corner the market but somehow we need the other telcos to survive. This is only going to get worse
Good morning @MTNGhana’s Jemima, please go on a working visit to most of your outlets in Accra today like East Legon and experience what we customers experience from you..the crowded situation of customers, the average waiting time of over 30 minutes and overall bad customer service quality..I entreat you to go and experience it all..
I sat down with a Mercedes-Benz repair specialist to uncover the common mistakes owners make, the models worth buying, the ones to avoid, and the maintenance secrets that can save you thousands.
Hmm this is interesting especially if you’ve read Malcolm Gladwell’s Outliers. I’m sure if we dig deeper we can find the correlation between being born in 1985 and they’re tremendous success
GB Agboola, Shola Akinlade, and Tosin Eniolorunda all turned 40 last year and founded their companies at 30.
What was in the water in 1985 for the leaders of Flutterwave, Paystack, and Moniepoint – arguably the biggest 'startups' of this decade – to have been born that year?
All three companies turned 10 this year, and I wrote about how they're competing again: https://t.co/SLGLqsJJcZ
And if you love this story, I tell the greatest stories in tech. Read and subscribe here, and it lands in your inbox every Monday: https://t.co/cuW4D4qNrm
I’ve read media reports on a Supreme Court decision of 12 May in favour of businessman Daniel Ofori against Ecobank Ghana. Reportedly, the Court ruled that Mr Ofori’s “investment of GH¢6,163,240 is entitled to 30% monthly compounded interest from 2 June 2008 to 25 July 2018. The ruling mandates 13.5% interest on the debt after the 2017 judgment date until final payment, dismissing Ecobank’s appeal.”
This frightens me as a mere bystander.
I decided to do the maths privately and the figures that emerged were so staggering that I would not even dare put them here.
What is even more curious and why I suspect there may be some inaccuracies in the media reports is that during the appeal hearing, the Supreme Court reportedly admitted a lack of technical expertise on the issue of interest computation and asked the Bank of Ghana to assist on how such interest should be calculated.
The Bank of Ghana is said to have responded to the effect that there are no fixed rules in such matters, as the calculation is first and foremost determined by the wording of the contract. In the absence of clear contractual terms, there are no hard-and-fast rules. However, the Bank reportedly suggested that if compound interest were to be applied, it should ordinarily be annual, not monthly.
Though not binding, that is why I would be most surprised if the Court indeed ignored such expert advice and imposed monthly compound interest over a decade. I’m more inclined to believe that the journalists got it wrong as such a ruling, in my humble view, would likely bring the name of Ghana’s judiciary into serious disrepute.
I, therefore, keenly await the release of the actual judgment itself.
It may also be helpful for Ecobank Ghana to issue a statement to calm customers, shareholders and the wider financial market. The implications of this case may be far-far-reaching than we may even care to contemplate.
@ohene_xy@tailorMARIQUE Random but I just came across your profile under this post and I have to tell you,your dp is soo cool,like soo fucking cool. I’m saving it.
@afalli@afropolitan Like I said in the YouTube comments,Andrew is one of my favorite accounts on X,I come back to read his views on anything and everything. Only problem I have is,nobody is asking him what he does these days,I want to know what he is working on lol. Fantastic interview👍🏾
@najilal_ That’s precisely what I’m saying,first it’s the cost and after you go to site and another person shows up saying they own the land yours eyes will clear