Magatte Wade Profile picture
Sep 7 14 tweets 5 min read Read on X
In 2004, the rulers of Dubai did something brilliant that almost nobody talks about.

They created a small legal zone, just 110 acres.

Inside it, they didn’t use UAE law. They used English common law.

That changed everything.

Let me explain: 🧵 Image
The place is called DIFC (Dubai International Financial Centre).

It’s not just some fancy office park. 

It’s a place where the rules are completely different.

Contracts, judges, courts… everything inside DIFC runs on common law, just like London or New York.

Why does that matter?Image
Because in common law, you don’t need permission to innovate.

If something’s not explicitly illegal, you can do it.

In civil law (like what France gave many African countries), it’s the opposite:

If something isn’t written in law, it’s automatically forbidden. Image
That’s why Dubai boomed.

They didn’t wait to “reform” the whole country.

They gave freedom somewhere and watched investors, entrepreneurs, and talent rush in.

Legal trust created economic trust. Image
Now contrast that with Francophone Africa.

We still run on the Napoleonic civil code, a system built in 1804, before electricity, airplanes, and the internet.

And then we wonder why nothing moves… Image
In civil law, you can’t start something new unless the state already predicted it and legalized it.

So if you want to build Uber in Senegal, the government says:

- Where’s the law for ride-sharing?
- Wait for legislation
- Maybe next year
- Maybe never Image
Meanwhile, in a common law country, you can just build Uber, TODAY.

If there’s a problem, courts deal with it later.

The innovation comes first. The law adapts after.

That’s the common law mindset. Image
Under civil law, the judge asks: “Did the lawmaker foresee this?”

Under common law, the judge asks: “What’s the fair outcome here?”

It’s flexibility vs rigidity. 

Adaptability vs permission. Image
And it’s not just business.

Civil law slows everything:

- AI startups
- Land ownership
- Medical innovation
- Education systems
- Local investments

…literally EVERYTHING. Image
Ask yourself: why do we love “pilot programs” so much in Francophone countries?

Because even when something works, we’re either too scared or too stuck in the law to make it real.

The law should be a launchpad, not a prison. Image
Africa doesn’t lack talented entrepreneurs and innovators.

It lacks systems that allow them to do their magic.

Yes, you can train and invest money in 100,000 entrepreneurs…

But if the system blocks them, what’s the point?
We don’t need to fix everything at once.

Just like Dubai, we can start small.

Give a piece of land different rules when it comes to business.

Let builders build.
Let the market decide.
Let the courts be fast and fair. Image
That’s exactly what we’re doing with @Prospera_Africa.

Just like Dubai’s @DIFC, we’re creating zones in Africa where entrepreneurs don’t have to beg for permission.

We use common law. We protect contracts. And we let you build. Image
If your legal system was written in 1804 by a French emperor who wanted to control society…

…it might not be the best tool for creating freedom in 2025.

Time to upgrade. Image

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More from @magattew

Jun 18
12 rules to keep Africa poor: 🧵
1. Blame colonialism for everything and ever take responsibility.
2. Ban free trade
Read 14 tweets
Apr 22
The biggest LIE told about Africa? 

That socialism is somehow "African" while free markets are "Western colonialism."

Truth: Africa had thriving free markets & trade routes CENTURIES before Europeans arrived. 

Let me explain… Caravan routes of the Sahara, 1413.
Ever heard of Timbuktu? 

It was the heart of a vast trading network in Africa. 

African merchants moved gold, salt, textiles & books across the Sahara. 

Market women dominated local trade. Timbuktu
When Europeans arrived in Africa, they found sophisticated commercial systems. 

In Botswana, the kgotla (traditional council) protected property rights & enforced contracts. 

The Somali Xeer system had independent clan judges who resolved trade disputes without a central government, much like how British common law originally developed through local courts.Traditional council gathering in Botswana
Read 10 tweets
Feb 21
By 2030, Africa will make up 80% of the world's poor.

This is not inevitable, it’s a choice.

And if we make the right choices, Africa can become a global hub of innovation, growth, and prosperity.

Every person must read “The capitalist revolution Africa needs.” (The Economist)

Let’s break it down 👇🏾Image
The article highlights Africa's growing role in the world:

• In 2030, more than half of the young people entering the global workforce will be African.

• Africa’s population share will jump from 13% in 2000 to 21% by 2030.

Opportunity is knocking. 

But are we ready? Image
Here’s the problem: while the world is advancing, Africa is falling behind.

• Income per person has fallen from 1/3 of the global average in 2000 to 1/4 today.

• Nigeria and South Africa (the giants) are struggling.

We need a real shift. Image
Read 14 tweets
Dec 7, 2024
Africa is rich in resources, but its people are POOR.

Something is clearly missing.

What is it?

The answer: economic freedom.

(A THREAD 🧵) Image
Economic freedom isn’t complicated. 

It just means people can work, trade, and start businesses without being blocked by high taxes, overregulation, or endless rules. 

It means people have the power to build their own futures.

(Economic Freedom Index by @FraserInstitute) Image
Why does this matter? 
Because when people are free to create, they thrive. In freer countries:

• People live longer (16 years more on average).

• Almost no one lives in extreme poverty (1% vs. 30% in the least free places).

• Education, especially for girls, takes off.

• Corruption is lower.Image
Read 14 tweets
Aug 4, 2024
Thomas Sankara, Kwame Nkrumah, Patrice Lumumba, Julius Nyerere…

These are the names that come up when most people talk about great African leaders.

But there’s one GREAT leader no one is talking about:

Seretse Khama.

He completely TRANSFORMED Botswana, making it one of the world’s fastest-growing economies in the world.

Here's how:Image
From birth, Seretse Khama was marked as a person who would bring unity to his people.

His parents were the King and Queen of the Bamangwato clan. In 1921, they gave their son the name Seretse—“the clay that binds.” Image
That weight became even heavier in 1925, when Seretse’s father died, leaving him the title of kgosi (king).

The boy was only 4 years old, so his uncle Tshekedi Khama served as his regent and guardian while the young king attended school in South Africa. Image
Read 20 tweets
Jun 22, 2024
12 principles I live by (practical advice):

A THREAD 🧵 Image
1. Personal Responsibility For One’s Actions

Victimhood is the opium of those who don’t believe in themselves.

If you don’t take ownership of your actions, you’ll never be great.

​​When you reject playing the victim and take ownership of your actions, you empower yourself to change your situation.

No matter your starting point, the important thing is to keep moving forward.
2. Independent Thinking

Think for yourself, and don’t mindlessly repeat what you’ve been told.

Question every belief you have now and ask yourself:

“Is this necessarily true?”

Challenge the status quo.

Just because everyone is doing it, doesn’t mean it’s RIGHT.

When you start thinking for yourself, you open your mind to new perspectives.

And this is the starting point of the process of finding solutions.
Read 14 tweets

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