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13 Apr, 58 tweets, 32 min read
13 days, 3 countries (or 4), nothing pre-booked. Let’s see how much we can wing this. 🚀
First location: Dakar, Senegal 🇸🇳 ImageImageImageImage
Finally tasted Senegalese “Bisaap”. Tastes exactly like Nigerian Zobo (hibiscus based drink). Also enjoyed the Grilled Thiof and Chicken Chimchurri and potato gratin. Loads of seafood here. Still yet to try the Senegalese Wolof (but it’s on the list). ImageImageImage
Infinity pool. That’s the tweet.
I’ve particularly liked the house styles, architecture & decor in Dakar, Senegal. A gentle mix of modern & traditional. Also beautiful art. ImageImageImageImage
Night-view of the 171-feet African Renaissance Monument located on top of the Collines des Mamelles twin-hills in Dakar, Senegal. Image
Jet beach Cafe, Dinner & wine. ImageImage
The tallest statue in Africa: The African Renaissance Monument.

171 feets of Copper, built by a North Korean company. Image
Architecture in Dakar, Senegal

P.S:
1st image - Musée des Civilisations Noires (a musuem)
3rd image - Gare de Dakar (Dakar railway) ImageImageImageImage
Views from the Museum of Black civilization - Sculptures & buildings! ImageImageImageImage
Time to look for Wolof rice. But the walking route to the restaurant is the Flea (second hand) market. Bubbling, organized and a lot of colours. ImageImage
Local guide took us to a place where I tried red wolof rice, white wolof, lamb, beef, chicken, Bisaap (zobo), tamarind & baobab drinks.

Loved all of it. Won’t pick it over my Nigerian Jollof yet but enjoyed it.

P.S: image of red wolof, lamb & tamarind. ImageImage
Today is for Goree island and Saly. I’m actually excited!
Dakar Jumat prayer-time traffic is bad bad! ImageImage
Views from Gare Maritime Internationale de Dakar

Time for the ferry to Goree Island. ImageImageImage
Quick tasty fish meal at the port + ferry ticket.

One thing about Senegal - They can cook. Every meal has been a hit! ImageImage
Views from Goree Island.

One of the most beautifully colorful places I’ve ever visited. ImageImageImageImage
More colours from Goree Island.

3rd image is the door of no return (of the slave trade route from Goree island). ImageImageImageImage
Special sand art technique in Goree Island.
Art for sale: Sand Art, recycled materials as art & motif art. ImageImageImage
Wall art in Goree island.

First 2 images are a technique of painting on glass by local artists. ImageImageImageImage
Decided at 9pm last night to head to the next location, and that’s exactly what happened.

Few negotiations after and at 10pm, headed in a Car to Saly, Senegal.
2nd location: Saly, Senegal 🇸🇳 ImageImage
The croissant in Saly, Senegal is heavenly.
Today in Saly, was for pools, beach walks & live music. ImageImageImageImage
Breakfast by the Atlantic Ocean with a pool for backdrop. ImageImageImageImage
Quick stop at the Lagune de la somone to see the views and women washing and selling seafood, shells and dried star fish.

Got one starfish. ImageImageImageImage
Pink/red lake (lac rose) next. 45 minutes drive from Saly.

Horses and carts are such a popular means of moving things and people in Senegal. ImageImageImageImage
Lac rose (also know as Pink lake), Senegal 🇸🇳 ImageImageImageImage
Fun fact about Lac rose (pink lake): because the water is salty, you can actually float in it.
And the 1 hour 20 mins trip back to Dakar is complete.

Bonjour Dakar! Image
Dinner is served. Image
One thing no one tells you is that Dakar is actually chilly at night. If you’re visiting, bring a jacket or sweater.
After a chilled morning with croissants and Covid tests (for next location), a visit to Mosquée de la Divinité (Mosque of the Divinity) ImageImageImageImage
Then visit to the art exhibition of Dada gallery at Yaas hotel in Dakar, Senegal 🇸🇳 ImageImageImageImage
And dinner is served. Tonight is for fish, veggies and potatoes. ImageImageImageImage
Restaurant art. ImageImageImage
Today was rest day.

Then a power-ride through Dakar at night. ImageImage
3rd location, 2nd Country: Gambia 🇬🇲

Money changed, new SIM and no better way to start the experience than the popular Banjul-Barra ferry crossing. ImageImageImageImage
35 minutes of scenic beauty on the Banjul-Barra ferry crossing, while bobbing on the Atlantic Ocean. Loved every moment of it. The pictures don’t do enough justice.

Image 2 - I tried to mimic the titanic pose ImageImageImageImage
Everyone in the Gambia is so pleasant and understanding. Love it! Also, cost of living (food, taxis, etc) is loads cheaper than Senegal.
About to try Benachine, The Gambia’s traditional variant of Jollof rice and Chicken Afra (another local dish).
I liked the chicken Afra. A bit spicy but I didn’t mind the taste. It’s like diced grilled chicken. Didn’t have any strong opinions on the Benachine without the sauce. But mixed with the sauce, it was also okay, but definitely not as tasty as jollof rice. Image
Personal side note - I’ve not been particularly excited at the food presentation and restaurant decor so far in The Gambia, especially for a touristy place like Senegambia.

But tomorrow I hit cape point, calypso, Ngala lodge and crocodile pool, so will fully decide then.
Gambia generally has traffic at peak hours, but I think it’s mostly because the roads are narrow.
Calypso beach bar, Bakau, The Gambia and the crocodile pool. 🇬🇲

Beach, crocodile pool and beautiful sceneries. ImageImageImageImage
More views from Calypso beach bar, The Gambia. 🇬🇲

Peep our waiter matching attire with the menu. Love it! ImageImageImage
Lunch is served: Fish and rice.

The Captain Jack fish was tasty. Image
Ngala Lodge is beautiful ❤️ ImageImageImageImage
The Ocean from The Gambia.
Next spot: Sunprime Tamala beach.

I can totally get used to being surrounded by the ocean at every turn. ImageImageImageImage
Some Gambian art/decor that I’ve loved so far. ImageImageImageImage
Status at 11 days:
- 2 countries: Senegal 🇸🇳 , Gambia 🇬🇲

- 5 cities:
Dakar (Senegal)
Saly (Senegal)
Somone (Senegal)
Barra (Gambia)
Banjul (Gambia)
Finally had properly made traditional Benachine & Afra. Benachine is cooked in a pot with veggies, meat, chicken, cassava. That’s where name “Benachine” comes from - “One pot” in Wolof. Food + history. Love it! Thank you @kemo_bojang @Ousknows & other Gambians who came through. ImageImageImageImage
Back in Dakar, and first stop is for Gelato. Not the most authentic Senegalese experience but needed to satisfy my sweet-tooth. Image
Quick location tip:

Dakar (Senegal): if you want to experience a lot of activity in Dakar, best place to stay is Les Almadies.

Banjul (Gambia): most bubbling place to stay is Senegambia strip.

Both locations are central, bubbling and activity-filled.
Night walk through Dakar. ImageImageImageImage
Good day for a morning walk through Dakar, and a stop at Eric Kayser-Dakar and La Gondole for croissants and hot chocolate. ImageImageImageImage

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More from @adetolaov

7 Nov 20
Peaceful protesters said #EndSARS. What was the response?

1. CBN froze bank accounts in Oct, then court gave 90-days freeze order (law says order should only be 7 - 14 days)

2. IGP told Police to respond with force & that they can deprive citizens of their right to life
3. Moe was stopped at airport and passport detained

4. Detention of persons (including infants) in Lagos on charges of looting (without evidence). Reported to be as much as 700, without feeding.

5. 6 non-violent persons remanded in Abuja till January 2021 & bail denied.
7. Reports of a Eromosele Peter Adene picked up from his house in Lagos today and taken away. No one can confirm his location so far.

8. Lagos State & Police issued statement outlawing protests. That is a contravention of right to assembly & association in Nigeria’s constitution
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14 Sep 20
Regulation on crypto-asset in Nigeria

Nigeria’s SEC in a recent regulatory statement stated it classifies virtual crypto asset as securities (under s.13 of Investment securities act).

Meaning SEC has powers to regulate crypto asset investments (e.g crypto-token or crypto-coins)
The statement defines issuing crypto assets as a regulated activity & specifically lists:
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Gives existing digital offering 3 months to submit documents for initial assessment or registration
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1. Any person, (individual or corporate) whose activities involve any aspect of Blockchain-related and virtual digital asset services (They must register with SEC)

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14 Sep 20
Reading a @TechCabal’s article and intrigued with some figures, which confirm massive role Fintech & digital payments will play in Nigeria’s economic future. Let me share some:

1. Between Jan - June 2020, GTBank processed $356.4m USSD payment & added 600,000 new USSD customers.
2. Mobile & Internet Banking: Jan - June 2020, GTbank processed 95 million mobile banking transactions worth ₦5.7 trillion, and internet banking transactions grew 14% to ₦1.2 trillion.

3. Nigeria’s fintech revenues is predicted to grow to as much as $543.3 million by 2022.
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Read 10 tweets
17 Aug 20
Quick observations for fintech businesses/digital banks from financial results of Monzo, Revolut & Starling

Lesson 1: LENDING HURTS. Starling earned 2.1m from interest but has 2.2m in bad loans. Monzo has an even riskier loan portfolio.

Thread
Lesson 2: card transaction fees still makes up a large portion of the models for the 3 digital banks - about 63% of income for Revolution, 55% for Monzo & 45% for Starling.

So earnings are not so diversified as card transactions fees is main earner. This is a major income risk.
Lesson 3: The Starling model of having a marketplace for vendors to sell their services doesn’t seem to be yielding great results. Starling only got a commission of £72,000 for period.

If the model is going to survive, volumes have to go up for commission to be worth it.
Read 11 tweets
11 Aug 20
From August 20, Online car hailing business (Uber, Bolt etc) must pay Lagos state a fee of NGN 10 million for every 1,000 cars. Annual renewal fee is NGN 5 million.

10% of EVERY transaction paid by every passenger will be collected by Lagos state as service tax.

IT GETS WORSE!!
The Companies must give Lagos state access to your Data and their entire database (section 4.2 of Guidelines).

The companies will push the 10% service tax to customers so the price of trips will increase.

These companies must still pay company income tax by the way.
@TechCabal reports the Guidelines for online hailing business operation of taxi in Lagos state 2020 (which created this rules) has been approved by the Governor

These rules will also make it hard for new smaller entrants into the industry.

techcabal.com/2020/08/11/gui…
Read 9 tweets
7 Aug 20
BIGGEST REFORM IN NIGERIAN CORPORATE LAW:

Today, the amended Companies & Allied Matters Act was signed today by President Buhari.

Key reforms:
1. A company can now have only one shareholder
2. No need for company seal anymore
3. Incorporated Trustees (NGOs) can now merge

1/4
4. Prohibits anyone from serving as director in more than 5 public companies
5. Electronic filing, share transfer & e-meetings for private companies
6. Introduces Limited Liability Partnerships (LLP) & Limited Partnership
7. Small companies no longer need to appoint auditors

2/4
8. Authorized share capital replaced by minimum share capital
9. Provision for virtual Annual General Meeting
10. During incorporation, applicant can sign their statement of compliance (no need for lawyers)
11. Private companies no longer need to appoint company secretary

3/4
Read 5 tweets

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