Mark Ndibui

@OfficialDesiree @edithbrou If like to have a sit-down with a racist person. Truly to understand what makes them think that they are better than me because they have a different color of skin.

Racism is a sign of low intelligence.

We go again.

@philippilk Interesting.

The Chinese just poached the guy that was working on TSMC’s 3-nanometer chip production in Japan. 🇨🇳

@benawoks Interesting food for thought

Financial institutions spend billions annually on risk management systems. Preserving capital is as important as generating returns

@QCompounding Thanks for sharing.

Mark Leonard turned $25 Million into $80 Billion His shareholder letters are full of wisdom I am sharing them all in one PDF:

@gietzschean Amazing.

Kenyan Brutalism

@magattew Please all find my detailed response to this on my page. It will be worth your time.

@magattew I'd love to have a conversation with you to understand why you keep saying this, I strongly disagree with your assessment of Africa's problem.

Ask anyone why Africa is poor and you'll hear every answer except the real one.  Nobody ever says it's because Africa is the most overregulated region in the world. That's the answer.  And once you connect those dots, everything else starts to make sense.

The continent is poor because for centuries , from the slave trade, to colonialism, to SAPs, to modern tax havens its wealth has been systematically extracted by actors operating in systems designed to their advantage. Fix the system. Don't gaslight the victim.

Africa's "Overregulation" Myth THREAD: Africa's biggest problem is NOT overregulation. That take is dangerously wrong and the data proves it. A thread.

Now is Africa's regulatory environment perfect? No. Is there red tape that frustrates local entrepreneurs? Absolutely. Overregulation burdens local SMEs. External extraction robs entire nations. One is an inconvenience. The other is structural dispossession.

Real world example: Zambia. A country rich in copper. Yet mining multinationals use transfer pricing to declare profits offshore. Zambia receives a fraction of the actual value extracted. Its losses from illicit flows vastly outweigh all the aid it receives.

Then came the Structural Adjustment Programs of the 80s & 90s. African govts were forced to: Cut public services Privatise assets (sold cheap to foreign firms) Remove trade protections Liberalise capital flows The result: more exposed to extraction, less able to build.

This isn't new. Scholars documented it decades ago. How Europe Underdeveloped Africa — Walter Rodney (1972) Africa's poverty is structurally produced by its integration into the global economy on exploitative terms. The Debt Trap — Cheryl Payer (1974)

The result? Africa paid $163B in debt servicing in 2024 alone 25 countries spend more on interest than health & food security 7 countries spend more on interest than education External debt hit $1.15 trillion in 2024 doubled in 4 years Source: African Development Bank (2024)

Now let's talk debt — because this is where "overregulation" collapses entirely. African countries pay an average interest rate of 9.8% on external loans. Germany pays 0.8%. That gap — the "African risk premium" — costs Africa an extra $75 BILLION per year in interest alone.

How do they do it? Transfer pricing shifting profits to low-tax jurisdictions. Trade misinvoicing falsifying import/export values to move money out. Tax treaty shopping exploiting bilateral treaties to pay near-zero rates Read: The Looting Machine.

The single biggest line item? Multinational tax avoidance. Africa loses an estimated $220 BILLION every year to tax avoidance schemes and incentives handed to multinationals. That's not overregulation. That's under-taxation of foreign capital.

More recent estimates are worse. The AUC's acting head of economic policy stated in 2024: "Illicit financial flows are depriving the continent of ~$390 billion a year 75% of what Africa needs to finance its own development." Source: The East African, October 2024

Start here: The AU High-Level Panel on Illicit Financial Flowsfound that Africa loses over $50 billion annually to illicit financial flows. Of that corruption accounts for just 5%. Commercial (corporate) abuse? 65%.

Someone prominent here just said Africa's biggest problem is overregulation. With respect, that framing does more harm than good. It misdirects blame inward while the real haemorrhage is external. Let me show you the receipts.