Sustained wealth happens when you have a community thinking together. The key person who is visibly wealthy only achieves that wealth because others also have skin in the game and propel them for their benefit.
I am not engaging in "trillionaire worship" like others, but what was instructive about the SpaceX IPO was that the cafeteria workers and janitors at the same company also became wealthy. That is a bigger deal than anything else.
I hear so much talk about founders and investors in African entrepreneurship, but what nobody tells you is that the people who also became wealthy are the people who supported the entrepreneur and the enterprise with work.
Decades ago, I discovered that Dangote's depot operators, when he was selling commodities, were also Naira billionaires in their own right. They didn't need to cheat him to get wealthy, as most misguided people believe employees should do; they had an arrangement that made all of them wealthy.
Dangote took the financial risk while the depot chiefs took the operational risks. I see this same dynamic in many supply chains in Africa. My wife's aunt's 70th birthday in Accra last year was attended by all the key FMCG players and traders who worked together in an ecosystem that they all profited from.
Aliko became rich because his family learned about this model long before anyone else did. He benefited immensely from it, and he is passing this same ecosystem-building approach on to the next generation of his family.
This aspect of African entrepreneurship is rarely discussed. People want to hear grass-to-grace stories or miracles. True wealth in reality is built by communities and ecosystems that work in sync. I will be talking about it a lot more.
I survived surgery yesterday, and I am grateful for another chance to keep doing this.
@jayanaman I attended a similar interview in Feb 2023.
One question was about teaming up to deliver results. I was so focused on being a lone ranger that I missed it.
I knew that moment that I wasn't getting the role. I forgot about them, and they never even sent a rejection email.
@Shejackiesays I still don’t understand this thing till now, because anytime you want to withdraw money the agent will ask you to allow cash out before transaction can take place so why do this still happen even if you have not cash out??@MTNGhana
Nothing kills me more than the slice of pool they’ve started doing. No trees, no warmth no nothing. Looks like their target market is short term rentals. Doesn’t even look like a home
Don’t be afraid to be the "Jesus person" in your industry. Excellence is a form of evangelism.
When your work is undeniable, they have to respect the God behind it.
3 Observations.
1. He didn't give SUYA a western name. Suya is Suya just as Pizza does not have an African name. Pizza is Pizza.
2. He honoured the origin. He didn't dilute the source by vaguely calling it "a Nigerian delicacy." He said Northern Nigeria. He didn't add a letter to make it sound Yoruba - 'Sunya'. It is Suya.
3. Clearly, he is Yoruba. We do not claim what is not ours. Not food. Not fashion. Not culture. We are complete all by ourselves.
BE LIKE OLANIYI
I was surprised when I first found out that most African countries do not have the equivalent of GhIPSS, RTG and NRT ACH.
But I am glad they are catching up now according to the latest reports https://t.co/I4RiHAI9Z6
Countries and the time it takes to receive domestic transfers:
Ethiopia – 2 days
South Africa – 2 days
Angola – 2 days
Sudan – 4 days
Nigeria – 20 seconds
Nigeria has the most advanced banking systems in Africa. Truly the Giant of Africa!