Become Rich in Africa before Total Lock out

I’d like tell the African Diaspora that the window of opportunity for getting rich in Africa from corruption and collusion is closing and moving upward.

This means you’d have to work 10 times harder to get what you want.

In a capitalistic society, becoming rich depends so much on the ability to make above market profit, access insider deals, read more

Ghana Immigration Corruption

For once I have to be honest.

I hate going to Ghana.
I hate the whole Ghana experience.
I just want to vomit hearing the name Ghana.

This morning I was crossing the south west border between Togo and Ghana.

And, what did I saw?

Ghana immigration officers running after travellers in the bush, while it was raining. They arrested about 7 people and brought read more

Comment on Ghana One ‘District One Factory’ Project

When I was in Accra this week I heard about an ongoing debate about a government policy called ‘one district one factory’

Not really sure if that’s the official name of the policy but it’s said it’d require Ghana to use 5% of its currency reserve to invest in this policy backed by a Chinese governmental bank which would read more

That Good Promise You Should not Take

Any system or ideology with the promise to protect you from the chaos of life, its uncertainty and meaninglessness, will predictably end up abusing you.

We all know what happens to animal living in a zoo. They are exploited to earn the money necessary to maintain them in captivity.

Zoos are good, but there is no such thing as a free lunch.

Build yourself read more

Africa seasons

We have a situation. Africans are importing climate seasons!

In West Africa, following our seasons cycle, our ancestors set the months of December, January and March as the vacation months.

During those three hottest months of the year, there is no farm work, but only the period for funerals, festivals, circumcision, initiation ceremonies, weddings, read more

Vodun Tourism

My country wants to promote tourism, which means attract foreigners to visit Togo and spend money here.

After lot of deliberation, the only feature they found that attracts the most tourists is Vodun.

Indeed Vodun festivals attract thousands of people to Togo. Also traditional ceremonies when our people perform our traditional dances, pray to the ancestors, read more

If Only…

If only… About 3 years ago, the government of Togo forbade the exportation of maize. The decision was motivated by the need to curb speculation on this basic food and reach some level of food sufficiency. Maize is at the base of over 70% of food consumed in Togo. Togo still export maize, but under case by case authorization by the government. After 3 years of such a policy, the results are in. Togo has now an oversupply of maize, and food became cheaper and widely available. The country has to build new public storage centers all over the country to deal with the increase in production and oversupply. Then it dawns on me. Isn’t it the same strategy China applied to its currency to become an economic superpower? As maize is strategic to Togo development, the same is its currency. Putting the same restriction on currency export might lead to the same phenomenon we are observing with maize: cheap currency, high availability and circulation of currency for local trade, leading to a stimulus for local goods production and trade, and afterwards ability to strengthen export capabilities. I’ve heard that Africa development problem is very much a problem of courage to take tough and unpopular decision in the short term but more beneficial in the long term. I remember well when the government took the decision some time ago, lot of people were unhappy. The maize experience in Togo is very much revealing. Food became so cheap and so available that we are now facing instead an obesity issue, specially in the South. Funnily, in the same time we are facing a shortage of currency supply in the economy to boost trade and entrepreneurship. Why not to try the maize experience, or copy the Chinese model of tight capital exit control to boost currency availability in the local economy? The control of capital flow might be something we should consider. * Definition of the poor (person or country): The poor is not he who doesn’t have money, but he who does not know how to keep money.