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Alex T Magaisa 🇿🇼
@Wamagaisa
, 3 tweets, 1 min read Read on Twitter
1. Africom borrowed $15m from Afrexim Bank. NSSA, with 4,5% shareholding guaranteed the whole loan. But Fernhaven Investments held 51% shares in Africom. When Africom failed to pay, Afrexim Bank came after NSSA. Why commit & risk public funds in this way? bigsr.co.uk/single-post/20…
2. Turns out that Fernhaven Investments is a military-related company in which according to South Africa’s Sunday Times the Foreign Affairs Minister & former general S B Moyo was/is a director. His wife is the head of the anti-corruption watchdog. This will be interesting.
3. The Africom debt was eventually passed on to state asset management company, ZAMCO. Why should the taxpayer be saddled with a private debt? If you audit the affairs of directors & individuals of Africom orFernhaven they are not living in poverty compared to the taxpayers
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Alex T Magaisa 🇿🇼
@Wamagaisa
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1. This year I had a profound encounter with a fellow Zimbabwean. She’s an avid reader of the #BSR She insisted we meet. We had tea. She was kind & I was humbled by her admiration. She said, Alex, I want to thank you. Why, I asked?
2. She said the #BSR her opened her universe to things she was not aware of. She loved my village stories. And everything else. She is a Zimbabwean but there are things she had never known because of her background. Then she told me a proud story which touched me.
3. For years, she had been very bitter because of a tragic experience. Her brother was a pilot in one of the viscount planes that were downed during the war. He died. He was not a soldier. Just civilian. He died in that crash. He was a young man, doing his job.
Read 5 tweets
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Alex T Magaisa 🇿🇼
@Wamagaisa
1. ZANU PF people never learn. The political reforms we insist on will help them too. Prisca Mupfumira is being denied bail on the basis of an unconstitutional law. But when we asked for realignment of legislation to the Constitution she quiet. Probably thought we were mad.
2. We tell them to use resources to fix prisons & detention centres so that they are suitable for human habitation. They build mansions, never imagining they might one day be guests of the state in those inhumane facilities. When we ask for reforms & they think we are a nuisance
3. Mupfumira’s case presents a moral dilemma to the opposition. On one hand if there’s mistreatment that’s an internal matter between her & her ZANU PF colleagues. On the other hand, you know if they can do that to one of their own they will probably do worse to you & justify it
Read 6 tweets
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Alex T Magaisa 🇿🇼
@Wamagaisa
1. It’s turning out to be a “perfect storm” - a particularly bad situation sparked by the simultaneous convergence of adverse conditions. The major fallout from the Econet situation is not the disruption of its traditional services but one product that impacts the payment system.
2. Over the years, the government has virtually abdicated its traditional role in managing the national payment system to the tech-giant, via its arm EcoCash. It was clear & warnings were given that if EcoCash sneezed, the payment system would catch a serious fever.
3. To understand EcoCash’s power you have to look at the numbers: it has 98% market share in the mobile money market; its transactions account for 70% of the GDP (everything that we produce); its subscribers are 80% of the adult population. It is powerful.
Read 8 tweets

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Lyman Expand the House Stone, AKA 石來民
@lymanstoneky
Maybe. But maybe not. Their previous big splash programs ended up getting just a handful of applications, and since pro-natal policy was ramped up about 2 years ago there has been no rise in births.
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♈🅰️⤴️™
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For those who doubted @narendramodi 's Pakistan policy, let me share details of data of Pakistan Senate Committee on "Indian policy impact on Pakistan economy - Paper1". This data was sent to LUMS for regulatory measures to stabilize Pak economy from where it was leaked.
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Points to note.
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Ugo Obi-Chukwu
@ugodre
Good Evening. Welcome to @Nairametrics corporate news roundup for the week ended March 9 2019

This thread is BTU by @bluechiptechng
@Nairametrics @BluechipTechNG The thread starts here. As usual, kindly retweet the first tweet of this thread so others on your timeline don't miss out. Feel free to be a part of this thread by commenting, asking questions or being a part of the conversation.

We begin
@Nairametrics @BluechipTechNG 1. South African telecommunications giant MTN last week released its FY 2018 results and held a live analyst presentation on CNBC Africa.

Nigerian firms need to emulate that by the way.
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Ugo Obi-Chukwu
@ugodre
Good evening everyone. Welcome to corporate stories with @Nairametrics.

This is part 2 of the Oando story.

Thread starts here
If you are just joining this story for the first time, we suggest you first read Part 1 of the thread here..

1. Flashback: After the merger, Jite, one of the founding members of Ocean and Oil Ltd, was now also the MD of Oando Energy Services
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