School of Hard Knocks interviewed Indomie’s CEO who is Indonesian. He said they also own Dano, Kellogg’s, Hypo, Lush, Guinness & Malt. Their biggest competitor is Nestlé, which owns Maggi. He came to Nigeria for a holiday, and they now generate $2B in revenue. 😳
This was the reason Uber left Nigeria. GST team is doing an amazing job, they are well-researched. Nigerians have no idea they are paying a 7.5% transportation VAT via hidden charges. Don’t allow the APC to gaslight you.
Tony Elumelu talks about why wealth doesn’t start with how much you earn, but how well you manage what you have.
Earn. Save. Invest. Build. Small financial habits can create big results over time.