Kenya forfeited AfDB shares worth about 92 million US dollars after missing a capital subscription payment, reducing its stake to 1.034 percent in 2025 from 1.16 percent a year earlier.
Read more: https://t.co/qqqvTzpxJs
> I'm a managing editor at Elsevier.
> I did my PhD in English literature.
> I was on the job market for four years.
> I got 53 rejection letters.
> Then I joined the academic publishing industry as an editor.
> One day my boss said we should start an open access program.
> I said great idea.
> How much should we charge? He asked.
> $11,000 per article, I said.
> Nobody would pay this much money, he said.
> They will. I told him.
> I'm the only person in the room with a humanities PhD.
> I know what they'll pay.
> We launched the tier at $11,000.
> We called it Gold Open Access.
> We told researchers open access papers get more citation.
> As expected, researchers paid $11,000 per article.
> I made Elsevier $15 million in the first year.
> I got a $500,000 bonus.
> I bought a flat in Stockholm.
> Last week I introduced anther tier in our open accss program.
> I called it Premium Gold, cost only $25,000 per article.
> Elsevier CFO called it "exceptional revenue capture."
> My assistant said $11,000 it too expensive for researchers from low-income countries.
> I introduced the waiver program.
> The waiver requires a written application with a notarized proof that researchers can't afford to pay.
> Processing the application takes six weeks.
> Actually, it doesn't. I reject all applications.
> We mention the waiver in every panel.
> A senior researcher in India sent me an angry email.
> He included numbers on Indian academic salaries.
> I asked him to recommend his university to buy an institutional subscription.
> The university asked Education ministry for money.
> Education ministry got in touch with us.
> I quoted $715 million.
> My bosses said India would never pay such a price.
> I said they will. And they did.
> Researchers from univesities that rejected me submit their papers to Elsevier.
> I charge them extra $5,000 as my "grief fee."
> Last week, a graduate student emailed me asking why we sued Sci-Hub.
> I sent her our public statement on "sustainability."
> I didn't mention we'd also sued the Internet Archive that morning.
> Sci-Hub mirrors our papers for free.
> We sued them in New York.
> We sued them in Delhi.
> We'll sue them everywhere.
> The lawsuits are good for branding.
> They show we're "defending scholarly publishing."
> An APC is a fee.
> A fee is a service.
> A service has tiers.
> Tiers have premiums.
> Premiums signal prestige.
> Prestige justifies the fee.
> The fee justifies the bonus.
> The bonus is the metric.
> The metric is in my review.
> The review gets me promoted.
> I'll be Senior Vice President of Elseveir Open Access Strategy by Q3 2026.
> I'm going to introduce a new open access tier, Premium Gold Plus: $50,000 per article.
> We're launching three more journals this year.
> All open access.
> I'm speaking at the Frankfurt Book Fair in October.
> The panel is called "The Future of Equitable Publishing."
True....
Nobody prepares you for the strange social grief of becoming smarter than the conversations available to you β it doesn't make you better than anyone, it just makes you lonelier in ways that are hard to explain without sounding arrogant https://t.co/NXVWXhR8w1
The arithmetic is grotesque....the 60% distributed to the 46 βentrepreneursβ represents an average, on paper, about 310,000 times the average community allocation and about 25,000 times the average employee allocation.
https://t.co/UCbRSoghX8
πΉπΏTanzania is about to finalize one of the largest energy deals in African history.
Equinor, ExxonMobil, and Shell are meeting in Dar es Salaam this week for the final round of negotiations on a $42 billion LNG project.
The hard part is already done... Commercial terms agreed and Tax framework settled.
What's left is turning the handshake into legally binding contracts.
π‘Tanzania sits on massive offshore natural gas reserves that have been waiting for development for over a decade.
This project would build the infrastructure to liquefy that gas and export it globally creating one of Africa's largest LNG export hubs.
Right now the world is desperately hunting for LNG supply outside the Gulf(Qatar mainly)
Tanzania is about to enter that market with $42 billion of committed infrastructure and 3 of the most credible operators on earth behind it.
Another node on the new energy map and one that bypasses Hormuz entirely.
π¨ ππ₯πππππ‘π: The Premier League is considering launching its own Netflix-style streaming platform.
The idea would allow fans to watch every single league match and choose any game they want, whenever they want.
The service could cost around Β£10 per month, be available in 188 countries, and may also include matches from past seasons to create a full archive.
[@Guardian]
π¨ ππ₯πππππ‘π: The Premier League is considering launching its own Netflix-style streaming platform.
The idea would allow fans to watch every single league match and choose any game they want, whenever they want.
The service could cost around Β£10 per month, be available in 188 countries, and may also include matches from past seasons to create a full archive.
[@Guardian]
....he said he now thought owning an EV "just doesn't make financial sense" given the higher purchase price and more rapid depreciation levels, adding that a pay-per-mile tax "will literally be the final straw"...
π‘π‘π‘
https://t.co/mWFolfpZUS
@VusKTheLandLord@LadyM1306 I once got a similar call via WhatsApp. When it was time to give him the code, did I not pretend to stutter. The guy said "my sister you're healed in Jesus Name". I started laughing and I dropped the call π€£π€£π€£