Africaโs tech & culture revolution is here!
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attributing this action to the countryโs reluctance to accept deportees, which included one person mistakenly identified as being from South Sudan.
As tensions heightened, the US implemented additional restrictions, while South Sudan expressed its regret.
South Sudan has declared its intention to permit the return of an individual who was deported from the United States, a step taken to ease a diplomatic dispute regarding visas.
Recently, the US revoked visas for all citizens of South Sudan.
Algeria has imposed a ban on flights to and from Mali and has pulled its ambassadors from both Mali and Niger.
Mali, on the other hand, claimed that the drone was operating near the border to eliminate terrorist threats and accused Algeria of backing international terrorism.
Tensions are escalating between Algeria and Mali following the Algerian military's downing of a Malian drone. Algeria has accused Mali of breaching its airspace on three occasions in recent months, leading to the recall of ambassadors from Mali, Burkina Faso, and Niger in Algiers
Many African leaders are WILLINGLY walking into these debt traps, knowing full well the consequences. They get immediate political wins (visible infrastructure) while the debt burden falls on future administrations.
China's infrastructure investments across Africa aren't just about resources - they're creating economic dependencies that Western nations can't match. The new colonialism isn't about military occupation but economic leverage through debt.
Data point that should alarm you: Between 2003-2020, over 60% of African railways were built by Chinese companies. Projects like the $4B Mombasa-Nairobi SGR created infrastructure but at terms that guarantee Chinese control for decades.
Nobody wants to discuss it, but, The CFA Franc currency used by 14 African nations still requires them to deposit 50% of foreign reserves in France's treasury. Financial sovereignty remains an illusion for many "independent" African economies.
While everyone focuses on corruption, the bigger issue is capital flight. Africa loses $88B annually to illicit financial flows - nearly equal to all development aid and foreign direct investment combined.
The "Africa Rising" narrative has harmed as many startups as it's helped.
It creates unrealistic growth expectations while ignoring the crucial infrastructure and policy work needed before many tech models can succeed at scale.
The big question is; would Konga have survived with Less funding? Counterintuitively, their massive capital raise may have pushed them towards unsustainable growth rather than finding product-market fit first.
A lot of African companies have come to the limelight and scaled through. But, what about those who have fallen short of expectations?
This might sound a bit controversial. However, Konga had a dramatic fall and just COULDN'T!
A THREAD๐งต!
Finally, SIM Shagaya's vision wasn't wrong. However, his execution timeline was. He's since built uLesson (EdTech) with much tighter unit economics and focused problem-solving.