13 days, 3 countries (or 4), nothing pre-booked. Let’s see how much we can wing this. 🚀
First location: Dakar, Senegal 🇸🇳
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).
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.
Night-view of the 171-feet African Renaissance Monument located on top of the Collines des Mamelles twin-hills in Dakar, Senegal.
Jet beach Cafe, Dinner & wine.
The tallest statue in Africa: The African Renaissance Monument.
171 feets of Copper, built by a North Korean company.
Architecture in Dakar, Senegal
P.S:
1st image - Musée des Civilisations Noires (a musuem)
3rd image - Gare de Dakar (Dakar railway)
Views from the Museum of Black civilization - Sculptures & buildings!
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.
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.
Today is for Goree island and Saly. I’m actually excited!
Dakar Jumat prayer-time traffic is bad bad!
Views from Gare Maritime Internationale de Dakar
Time for the ferry to Goree Island.
Quick tasty fish meal at the port + ferry ticket.
One thing about Senegal - They can cook. Every meal has been a hit!
Views from Goree Island.
One of the most beautifully colorful places I’ve ever visited.
More colours from Goree Island.
3rd image is the door of no return (of the slave trade route from Goree island).
Special sand art technique in Goree Island.
Art for sale: Sand Art, recycled materials as art & motif art.
Wall art in Goree island.
First 2 images are a technique of painting on glass by local artists.
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 🇸🇳
The croissant in Saly, Senegal is heavenly.
Today in Saly, was for pools, beach walks & live music.
Breakfast by the Atlantic Ocean with a pool for backdrop.
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.
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.
Lac rose (also know as Pink lake), Senegal 🇸🇳
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!
Dinner is served.
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)
Then visit to the art exhibition of Dada gallery at Yaas hotel in Dakar, Senegal 🇸🇳
And dinner is served. Tonight is for fish, veggies and potatoes.
Restaurant art.
Today was rest day.
Then a power-ride through Dakar at night.
3rd location, 2nd Country: Gambia 🇬🇲
Money changed, new SIM and no better way to start the experience than the popular Banjul-Barra ferry crossing.
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
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.
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.
More views from Calypso beach bar, The Gambia. 🇬🇲
Peep our waiter matching attire with the menu. Love it!
Lunch is served: Fish and rice.
The Captain Jack fish was tasty.
Ngala Lodge is beautiful ❤️
The Ocean from The Gambia.
Next spot: Sunprime Tamala beach.
I can totally get used to being surrounded by the ocean at every turn.
Some Gambian art/decor that I’ve loved so far.
Status at 11 days:
- 2 countries: Senegal 🇸🇳 , 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.
Back in Dakar, and first stop is for Gelato. Not the most authentic Senegalese experience but needed to satisfy my sweet-tooth.
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.
Good day for a morning walk through Dakar, and a stop at Eric Kayser-Dakar and La Gondole for croissants and hot chocolate.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
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:
⁃Initial coin offering
⁃Digital asset token offering
⁃Security token offering
Gives existing digital offering 3 months to submit documents for initial assessment or registration
Who is regulated?
1. Any person, (individual or corporate) whose activities involve any aspect of Blockchain-related and virtual digital asset services (They must register with SEC)
2. Issuers or sponsors (start-ups or existing corporations) of virtual digital assets
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.
4. Nigeria’s payment market is estimated to grow between $20 billion to $40 billion over the next few years.
5. In August 2020 alone, NIBSS Instant payment (NIP) transaction volume was nearly 200 million with total transaction value of almost ₦15 trillion ($38.9 billion).
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.
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.
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