Readit Newsanubisresources commented on Ethiopia is now Africa's fastest growing economy phillytrib.com/news/ethio... · Posted by u/thomas
That's just not true. A more accurate statement would be there are very few African companies listed on American stock exchanges. They are still listed in their home country's exchanges
The daily trade volume on the Ugandan exchange is ~$18,000. Companies may be “listed”, but good luck actually buying any stock
anubisresources commented on Ethiopia is now Africa's fastest growing economy phillytrib.com/news/ethio... · Posted by u/thomas
What is their financial system like? My guess is not very good. I think most of the gains are going to go to private investors, businesses, and other countries that can afford to invest in large projects.
Financial system varies broadly country to country, but there are virtually no publicly traded African companies. If you wish to invest you need to find private companies willing to take on an investor
anubisresources commented on Ethiopia is now Africa's fastest growing economy phillytrib.com/news/ethio... · Posted by u/thomas
So after reading Factfulness by Hans Rosling and family I'm really interested in investing in African companies. Ideally it would be through index funds. I got as far as finding ABSA as my go to online broker, but couldn't find any indexes to research (just a bunch of broken links)
Would anybody have any resources or direction to point me to?
There are virtually no publicly traded African companies. There are companies like glencore that have operations here, but they’re still European or Asian companies. If you’re looking to invest in African companies you have to put time in on the ground to find private companies suitable for investment.
> While a lot of current government processes aren't secure, they come with pretty hefty penalties that dissuade most people from messing around with them.
Do they actually investigate mail theft if it isn't at a huge scale like this? Someone got a hold of the USPS skeleton keys in our medium sized city (Oakland) and has raided the mail in our building multiple times, and we have them clearly on video for the multiple break ins, and the postal inspector in charge of the case just kind of shrugged it off as no big deal.
Postal investigators have a reputation for taking any violation of the mail system extremely seriously. It seems like yours in Oakland is breaking the stereotype. Have you reached out to his higher ups?
anubisresources commented on MobileCoin has raised $30M for private mobile payments techcrunch.com/2018/04/24... · Posted by u/rms
They'll still have to pay the gatekeepers if they want to convert their cryptocurrency into something liquid.
Of course. As long as gatekeeper fees are less than the 3% charged for mobile money it’s a win
Did this author "coin" the term Dunning-Krugerrand? Because it's brilliant.
I saw it on Twitter a month or two ago, but I love it too! Great name
anubisresources commented on MobileCoin has raised $30M for private mobile payments techcrunch.com/2018/04/24... · Posted by u/rms
Ok, that makes a lot of sense for the unbanked. I personally don’t know many people who are unbanked but maybe that number will grow in the future? I’m just trying to think about explaining this to some friends and why they should do this. Totally anonymous/private transactions between parties not having to use a bank?
The bulk of those in Uganda are unbanked. Everyone here uses WhatsApp. Something like this would be a great way for me to pay contractors and domestic staff who right now only take cash.
anubisresources commented on MobileCoin has raised $30M for private mobile payments techcrunch.com/2018/04/24... · Posted by u/rms
Can someone explain why the average user would prefer this over using venmo?
I live in Uganda and something like this will be a great mobile money alternative. MTN and their ilk take a huge chunk of change for mobile money, and if this is cheap it’ll catch on very quickly here.
It should also make paying domestic staff and various contractors easier, and that’ll be nice.
It's been on my reading list for a while but the mixed reviews always lead to it being left for another day