@NahamaAlochi You're right but not just companies, African companies. I don't think these IFC or( UFC😂) thieves get away with or try it with a silicone valley company.
This is probably how the World Bank handles African governments after all this borrowing 😂
@Randommest@Papa_Ibeji@oaksupreme And the road/process they take to their profits wueeh. You'd think it's a legal case involving a decades involving a piece of land. Boyz anazungushwa proper
@MosheTre@Davisthedoc@sgikandi@BoardLotSultan This is easier said than done. Needing the money and then trying to dictate control terms is like being jobless and over-negotiating a salary package that’s already good. Leverage isn’t equal.”
@sgikandi@Africastalking@sama@automattic@WordPress Because beneath all the legal language, the question is brutally simple:
Who gets to decide what happens to a company when the people who built it and the people who financed it no longer want the same thing?
Tech bros hupitia shida.
Twiga forced into admin. ADC engineers reportedly facing PIPs. Equity reportedly planning AI-driven layoffs.
Even those of us who grinded, built the rails and became top boys are having THIS👇
7 months No salary Security at the door of his own company.🧵
@sgikandi@Africastalking@sama@automattic@WordPress And yes, THAT IFC.
The World Bank’s private-sector investment arm the same IFC reportedly lining up KSh1.94B around the Quickmart IPO. 👀
And somehow this is one of the most both Kenyan AND Silicon Valley tech stories I've seen in years.🧵
@sgikandi@Africastalking@sama@automattic@WordPress Except it was over a ~$20M Kaleyra acquisition (kaleyra which was actively funded by IFC to buy AT) while $100M offers from the likes of Unifonic and Google got shot down.
This is Nairobi btw, not an episode of Succession.🧵