Starkite Technologies (Pty) Ltd

Building AI-driven solutions in predictive maintenance, cybersecurity,digital twins & smart energy Future-focused innovation.

[Shubhvani @shubhvanii]

If you believe you're going to be the first billionaire of your bloodline, retweet this.

[Starkite Technologies (Pty) Ltd @Starkitetech]

@blavejr Let's work together

[Rodney Cloete @rodneycloete]

So here’s where it gets interesting, because history has already run this experiment for us. In 2016 Mozambique handed Vitol exactly the arrangement Namibia just signed one supplier, no competition, trust us and according to the London Standard it cost their state oil company eighty million American dollars in overcharging. Eighty million. This is the thing about single-supplier deals that every weak state from Maputo to Caracas keeps relearning the hard way: when there’s only one seller in the room, the price stops being a market and starts being a tribute, and the buyer always finds out too late.

And now watch this, because it gets better. Amutse stood up in Parliament and told the House “there is only one Vitol.” One Vitol. Except the corporate records the GLEIF legal entity registers, sitting in public, free, checkable by anyone with a phone show Vitol Bahrain E.C. and Vitol SA both rolling up into the same holding company in Luxembourg, Vitol Holding II S.A. So the Minister has now put a claim into Hansard that any journalist, any student, any citizen can test against the paper trail in about four minutes. Ministers have survived scandals, they’ve survived court cases, but the one thing no minister in history has ever survived is the moment the public realises it can fact-check him faster than he can speak.

https://t.co/Ip2Rb3kmYX

[Rodney Cloete @rodneycloete]

Most people have no idea how resource curses actually start, so let me show you one forming in real time. Namibia just handed Vitol one of the most powerful commodity traders on Earth a N$7.2 billion exclusive fuel monopoly for three months. The state's own oil company, NAMCOR, offered the same fuel 10 cents cheaper per litre. They lost anyway. Their former acting MD, Maureen Hinda-Mbuende, is now publicly saying what everyone privately knows.

And here's where it gets darker. Vitol's subsidiary Vivo owns the Shell and Engen stations so the monopolist now sees the import data of its own retail competitor and can pick off NAMCOR's clients one by one. This is textbook elite capture Vitol's local partner is Mathews Hamutenya, whose son's company, Nasan, just bought 52 Engen stations and is appealing a Competition Commission ban on buying fuel from Vitol. Who decides that appeal? The same Minister who just gave Vitol the monopoly. Angola in 1979, Nigeria in 1985 the pattern is always the same. The state doesn't get robbed. It hands over the keys.
- https://t.co/n4JeEmBDtd

[Kayilula @MekondjoKondja]

Yes. Affordability does stop people, but Banks are just selling you the property at a repayment (sum) based on future projections of what the value will be by the time (20, 15, 5 years later) you make your last payment, because that is the point when you've actually bought the property.

If it's a depreciating asset, by the time you finish paying it, it's worth way less than the price of those years ago, therefore they charge only the price + the cost (interest) of having their outstanding money (loan).

(Interest in layman's terms is birthed from the principle that there is a foregone opportunity to make money elsewhere with my money that you have, so you may as well be that opportunity.)

If it's an appreciating asset, by the time you finish paying it off, it's worth way more than the price of 20, 15, 5 years ago, therefore they make sure you buy the property at today's price, not at the price of 20, 15, 5 years ago.

We need to understand that we don't buy the property at the first installment, but the last. Then you get to realize the price you're paying is what that property is worth at that point when you settle the last $.

If you're buying cash, you pay N$800k right now as that is what it's worth right now. If you're going to finish your payment in 2046, that's the point you'll buy the house, so you'll pay around N$1.8 million - the projected value that property will be by that time.

You'll see that when you pay cash, you only pay the price at that point. When you pay in a short period, say 10 or 5 years, the repayment sum is also less than the one for 20 years. You'll get why if you compare how much a property was worth in 2020, 2015, 2010 and 2005.

Those who bought properties in 2005, 2006 would tell you the properties they are paying off this year, that are worth, say around N$1.8 million today were worth around 500k in 2006.

The question is, should I (Bank or Markus) leave you (Shikongo) with a property worth N$1.8 million that you're only finishing to pay off now (buying only now), and I must benefit only N$500k?

That's the whole meaning of Appreciating and Depreciating Asset.

We should interrogate the Affordability of properties as it goes back to that. If we question the payment period, we may as well include the repayment period of furniture, TVs and phones (2 years, 1 year, 6 months) in the conversation and ask why we aren't allowed to pay off houses and cars in 12 months if we can pay off beds in such a period.

[Starkite Technologies (Pty) Ltd @Starkitetech]

Give us a call 📞

[Starkite Technologies (Pty) Ltd @Starkitetech]

@ngurare Hon,let Starkite Technologies help modernize government websites,APIs, databases,and authentication systems.Our goal is to help Namibia achieve true digital sovereignty through secure,locally driven,world class digital infrastructure built by Namibians for Namibia.

[Starkite Technologies (Pty) Ltd @Starkitetech]

@ngurare ,Hon..let Starkite Technologies Pty Ltd help revamp government websites, APIs, databases,and authentication systems. As a proud Namibian company, we can deliver modern,mobile friendly, secure, and user focused digital platforms that meet international standards.

[Starkite Technologies (Pty) Ltd @Starkitetech]

Give us call 📞

[Starkite Technologies (Pty) Ltd @Starkitetech]

Give us a call 📞
For your AI solutions
@EmmaTheofelus

[Starkite Technologies (Pty) Ltd @Starkitetech]

Hon.@EmmaTheofelus let @Starkitetech help revamp government websites,APIs,databases, and authentication systems,As a proud Namibian company, we can deliver modern,mobile friendly,secure,and user focused digital platforms that meet international standards.

[Eagle FM Namibia @EagleFMNam]

Ethiopian AI Education App Wins Amazon Competition

Ethiopian developer Natnael Getenew Zeleke has won the global AWS AIdeas competition with Ivy Mobile AI, an education app designed to work without internet access. Over 10,000 ideas from 115 countries were submitted.

The app uses on-device AI to provide tutoring on low-cost smartphones, allowing students in areas with limited connectivity to access lessons and learning support offline. Ivy currently supports English and plans to add Ethiopian languages including Afaan Oromo and Tigrigna.

Zeleke received $10,000 in prize money and international exposure through the competition. The project highlights growing interest in AI tools developed to address local challenges across Africa.

Report: Abigail Nalisa
Photo: Contributed

[Toys Ndjebela @toys_ndjebela]

You’re driving from the other side, well within speed limit, lights on, seatbelt tight and playing Ndize by DJ KSB… then some idiots chasing God knows what crash into you, instantly killing you and your children. Issuing fines is not enough. Start arresting these wild animals.

[OVO Sound @OVOSound]

WARNING
ICEMAN
🧊🧊🧊

[Starkite Technologies (Pty) Ltd @Starkitetech]

Happy Mother's day 💐❤️ to all the mother's out there 💕
From us to the World 🙏

[Starkite Technologies (Pty) Ltd @Starkitetech]

@purposetalks_ You deserve it 💪😁💗 congratulations 🎉

[Starkite Technologies (Pty) Ltd @Starkitetech]

@purposetalks_ we are behind you 💪 go get it 🎉🎉🎉🙏🙏🙏

[Starkite Technologies (Pty) Ltd @Starkitetech]

@NewEraNewspaper Thank you 🙏

[Starkite Technologies (Pty) Ltd @Starkitetech]

SaaS development

[Apple _Guy (Mr iPhone) @Paul_AppleGuy]

Retweet if your country has 0 IMF debt .