If you invest $1m in Treasury bills you get the following amount MONTHLY while your $1m remains untouched with the Central Bank.
Kenya - Ks 857k
Nigeria - N3m
South Africa - 90k Rand
Zambia - 109k Kwacha
Ghana - 65k cedis
Here's the math.
For Nigeria:
$1m = N360m
Treasury bill rate = 10% per annum
Annual return = N360m x 10% = N36m
Monthly return = N36m/12
Monthly return = N3m or $8,333
For Kenya:
$1m = 103m Kenyan shillings
Treasury bill rate = 10% per annum
Annual return = Ks 103m x 10% = Ks 10.3m
Monthly return = Ks 10.3m/12
Monthly return = Ks 858,333 or $8,333
For South Africa:
$1m = R15.2
Treasury bill rate = 7% per annum
Annual return = R15.2m x 7% = R1.064m
Monthly return = R1.064m/12
Monthly return = R88,666 or $5,844
For Ghana:
$1m = GHC 5.45m
Treasury bill rate = 14% per annum
Annual return = GHC 5.45m x 14% = GHC 763,000
Monthly return = GHC 763,000/12
Monthly return = GHC 63,583 or $11,663.18
Caveats.
1. Tax rates differ by country. It will affect your actual return. 2. Ghana has the highest ROI, South Africa the lowest. 3. Lots of opportunities for arbitrage, if taxation is not prohibitive. 4. This is not financial advise. Please do your own due diligence.
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As I reflect on my journey through my 40s, I have compiled ten invaluable lessons that I believe hold value for individuals in their 20s, 30s, 40s, or even 50s.
1/10 Time Flies: Enjoy the Present Moment: One of the most important things I've realized in my forties is how quickly time passes. It's crucial to embrace each moment and make the most of it. Cherish the present because it's the only time that truly belongs to us.
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To navigate it successfully, we must understand the imperatives of each decade and fight to win one decade at a time.
Let's explore the adventures of the 20s, 30s, 40s, and 50s together.
- A THREAD
Your 20s: Explore and ponder.
- Try new things and embrace failure.
- Discover your passions and interests.
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This is your golden era of exploration. Try 1000 jobs or music or art or coding or...
Your 30s: Focus and Specialize
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Focus on honing your craft, discovering what brings you the most value until it's a unique superpower.