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Subomi Profile picture
@subomiplumptre
Jun 19 • 11 tweets • 3 min read Twitter logo Read on Twitter
This week on my Middle-Class Wealth series, I’m sharing insights from @McKinsey_MGI's report.

I highlight the opportunities for the African & diasporan middle class.

#MiddleClassWealth #AfricanMiddleClass #AfricanWealthReport #Africa #Diaspora twitter.com/i/web/status/1… Insights from Mckinsey Glob...
McKinsey Global Institute is an authoritative source of economic forecasts. Their report projects a vibrant economic future for Africa in a number of sectors.
Agriculture: Blessed with plentiful natural resources and a climate conducive to farming, Africa has untapped agricultural potential.
Investments in technology and infrastructure could catalyze this promise, opening up new and lucrative markets.
Manufacturing: Africa's expanding consumer market is a significant opportunity. Formulating local strategies, strengthening supply chains, and nurturing talent could stimulate economies across the continent.
Services: Forecasts suggest that Africa's middle class could triple in size by 2030, leading to increased demand for quality services.
Training programs and partnerships can help meet this escalating demand, with industries like healthcare, education, and financial services poised for growth.
Opportunities for the African & Diasporan Middle-class

There's an opportunity to enhance unique skills in these burgeoning sectors. Training programs with local institutions could provide a platform for talent development.
By focusing on partnerships in the highlighted sectors, governments can realize Africa's full economic potential. This could lead to value creation and prosperity for stakeholders.
As an SEC-licensed fund manager, I provide investment planning for individuals, families, and organizations. I also advise diasporans on how they can transform remittances from gifts to sustainable investments that can pay for expenses back home.
Book an investment planning session here: bit.ly/vcapinvplan

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More from @subomiplumptre

Subomi Profile picture
Jun 14
𝗗𝗲𝗮𝗿 𝗙𝗲𝗺𝗮𝗹𝗲 𝗖𝗘𝗢,

I am not married, and I do not have children. I provide this caveat because by the time you finish reading this, you may think, "She doesn't understand."

#DearCEO Image
However, wisdom is not circumstantial. You must take what makes sense to you and then, leave the rest. So here's my story.

I am the child of a high achieving woman. In her lifetime, my mother ran four businesses at different points while raising six children.
This came at a huge personal cost. And so, this post is for female CEOs, executives and entrepreneurs. I would like to share the lessons from my mom.
Read 31 tweets
Subomi Profile picture
Jun 13
It was an honour to speak at the @SAAMA_NPC Conference on Wednesday, 7th June 2023.

I presented @volitioncap's unique fund management model using traditional African cooperatives.

#AfricanWealth #Diaspora #VolitionCap #MiddleClassWealth Image
I also emphasized the need for asset managers to assist the middle class to reach their financial goals.
By nurturing an environment where the African middle class has the right tools and knowledge to better manage their assets and secure their financial future, we can open the door to a better tomorrow.
Read 5 tweets
Subomi Profile picture
Mar 22
WHO DO YOU ANSWER TO? A CASE FOR ACCOUNTABILITY

[Before you read this article, please take a quick poll to provide feedback about my newsletters, so I know whether to continue writing them: forms.gle/xUb26A6MYGLtTP…]

#Life #Leadership #WakingThoughts Image
From 2015 to 2020, a series of seemingly unrelated events culminated in a personal crisis. Here's the timeline of what happened.

In the summer of 2015 my mom died, and then 6 months later, in 2016, my dad followed. By 2017, I started a company and considered leaving my day job.
I eventually became a full time entrepreneur in 2020, setting up two more companies. But, my co-founder couldn't join me immediately. He was transitioning from his own company and put in for a Master's degree abroad.
Read 20 tweets
Subomi Profile picture
Mar 19
I need to buy a physical Bible, so I can reduce my screen time.
Even though I regulate my social media use, I spend too much time on my laptop for work and on my phone for note taking & reading. I can't even remember the last time I read a physical book.
Note taking is what I need to solve for. I write a lot. And any time I use a physical notepad, I still need to transcribe to my phone before I can turn the notes into emails, blog posts etc. So it just saves me time to write on my phone directly.
Read 4 tweets
Subomi Profile picture
Mar 19
Be ready for help.

I've never believed in reinventing the wheel. If someone is already doing what I want to do, I'll gladly join. But I've noticed two things that visionary builders do wrong.
1. You fail to publicize what you do because you're too busy building. This is a mistake. You would gain many synergies if people were aware of your work.
2. You have no structure to onboard help. People hear about what you're building and want to help, but there's no immediate way to plug in. So you squander the goodwill.
Read 5 tweets
Subomi Profile picture
Jan 18
I FAILED AND IT SUCKS

Last week, I failed at something so monumental that it knocked me off my life axis. All my future plans and dreams went out of the window temporarily.

#Failure #Thread
I failed at something I prepared for, for several months. I haven't done that volume of work in a while. Incredible goodwill and equity were deployed. And I prayed for so long and believed I had clarity of direction.
When I got the rejection email, I went into instant denial, disbelieving what I read. And then, I experienced instant diarrhea and headache. Interestingly, on the same day I had an important team meeting. So I needed to drag myself out of bed, even though I just wanted to weep.
Read 16 tweets

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