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2008-04-02

Q: Hi Omodudu and welcome to Askablogr. It looks like you don't use widgets at all, so let me know if I can help you use a text link to invite questions. And please take a moment to introduce yourself.
Asked by Chris DeVore

A: Thanks for checking up on me. I like the minimal feel of my blog. I tried the widget but it was sort of rigid. I could not use custom css. That is why I took it down. I am very impressed with the concept.

I am interested in testing out the text alternative.

Thanks

omodudu

Ask omodudu a question.

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THINGS NIGERIA DOES NOT DO WITH HER OIL MONEY


Here is a diagram showing the activities of the 20 largest Sovereign Wealth Funds since 2005. I know Nigeria has her own fund. Is there anybody out there with some info about this. I figure since we are not building infrastructure a la China and UAE we are probably investing this money wisely. Wink wink.

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IS DR. USMAN CHINA'S FINANCE MINISTER?

China has offered export guarantee facilities worth up to $50bn to encourage investment in Nigeria in a bold strategy to woo Africa’s biggest oil producer. From the FT. This is a symbolic boost on the part of China. However my concern is that I would not like Dr. Usman to negotiate the terms of my credit card let alone the term of this line of credit. Why you may ask?

Dr Usman said. “Which other country has made that kind of money available? Has the UK or America or any one of them? For me this is a sign of real commitment by China.”

It is a line of credit dude. The terms can still go both ways. Is he representing China or Nigeria?

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2008-04-01

INTERVIEW: BENIN MWANGI OF THE AFRICAN PATH VILLAGE


I recently had a chit chat with a friend, Ben Mwangi of the African Path Village. Below is an excerpt of the interview/chit-chat with Benin. He shed some light on the development and outlook of the African Path Village; an Africa themed online community which was launched by the AfricanPath. Please see the interview below and I hope you enjoy it.
Could you give us a little introduction to the African Path Village. Some reader may not yet be familiar with the community?
Sure Omodudu, we are an online community for people who are interested in making connections with the African continent. We are a place where members can find interesting discussions on culture, business, politics, relationships and the like- and again it all goes back to (re)connecting the members to the African continent.
What is your role in this community?
A few months ago we at African Path decided that the African Path brand would not be complete without a robust social network. So we set out on the path to building one and my role in the community began as a co-founder of the community with Joshua Wanyama. But today my role has morphed into being more of a joint facilitator in the ongoing development of this vibrant young community.
As a member of this community myself, I must say that I am impressed with the growth which this community as experienced. What will you attribute this growth to? In addition, Does African path village have a niche?
Good questions. Well, one of the things that has helped is invites. During the month of February "Village" members collectively invited more than 800 friends, colleagues, and family members only a small number of those that were invited became members during the month of February. But just during the first week of March 1000 invites went out and a fairly larger percentage of the recipients actually became members. We feel that this can be attributed to the ever increasing amount of activity within the community.
It is impossible to talk about an African themed community without falling back on discussion about issues in Africa. Are there any current themes/issues that the community seem to forming around?
Yes, there are some re-current themes that can be found on the African Path Village. One of them comes from having such a diverse and well heeled group of members. This would be the topic of building, starting, or improving upon various lines of business. There is usually always at least two or three Village members possessing detailed knowledge within specific industries and these conversations often drive group discussions. Then there are discussions related to social issues-especially as they relate to the concept of an African identity. Lately we have also noticed more members who are delving into relationship issues too.
It is quite impressive to see Africans taking on the reins and also making moves to get others involved. So let us say I am small business owner, or investor or just an individual interested Africa and business in Africa. What is at African path village for me?
*You have a community of fellow Africans to bounce ideas off of.
*spreading your businesses message to members who might be in the market for your services
*And also increasing your company's overall profile
The bottom line is that a business person on the African Path Village increases their opportunity to make new sales.
I like to hear the word sales. Okay moving on, where do you see African Path Village in the Near Future?
We certainly would agree with you that it is indeed exciting.We see the Village sprouting with "Village Elders" who will act as ambassadors for the brand both on and off line
Are there any upcoming features? I have a few feature request of my own, I would like to see a Business In Africa Wiki and a Q and A section about doing business in African countries where the power of the community can be put to use? I must admit I am a sucker for crowdsourcing research.
In terms of milestone, our next one is the 1000 member mark and after that will be the 10,000 member mark. There are several members of the community that we are currently brainstorming with as to how to best communicate the message and which are the best tools and so forth. Although, we are still in the early stages of investigating whats out there-I can say that the Wiki is a topic which has come up...
Have you run into any challenge(s) in your attempt to develop a successful Africa themed online communities?
I would say that two of the toughest challenges seem to be in keeping the attention of the members 24/7 with engaging content and in convincing members of the larger Facebook like networks that there is value in a smaller and more niche oriented network like the African Path Village. I think that where we have been successful in making this point is that on the larger sites members interested in genuine topics affecting Africa must filter through a great deal of distractions before they can actually find the real issues. Whereas with us they don't need to walk very far before finding relevant discussions.
I am sure there a some readers out there that would have questions for the you and your colleagues at the Village. How can the public contact you?
Benin: Sure, they may contact me either via benin@africanpath.com or through profile at http://village.africanpath.com/profile/BeninMwangi
Do you have any additional information for anyone out there contemplating joining the group?
Yes, one more point that I would like to add is that we really would like to encourage more of Africa's bloggers to become acquainted with the site.
There are a number of great stories that are springing up in the form of photos and discussions and I am sure that their readers would benefit from this.

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2008-03-31

FINANCE CLASSROOM

I believe some these topics will be beneficial to anyone out starting off in finance. There are also a few lessons in there suitable for those curious about personal finance issues. The classes aren't very dense, which makes the classes easy to go through. Good luck. The lessons are a part of the Morning Star class room . Hat tip to Allfinancialmatters.

Stocks

101: Stocks Versus Other Investments
102: The Magic of Compounding
103: Investing for the Long Run
104: What Matters and What Doesn’t
105: The Purpose of a Company
106: Gathering Relevant Information
107: Introduction to Financial Statements
108: Learn the Lingo–Basic Ratios

201: Stocks and Taxes
202: Using Financial Services Wisely
203: Understanding the News
204: Start Thinking Like an Analyst
205: Economic Moats
206: More on Competitive Positioning
207: Weighing Management Quality

301: The Income Statement
302: The Balance Sheet
303: The Statement of Cash Flows
304: Interpreting the Numbers
305: Quantifying Competitive Advantages

401: Understanding Value
402: Using Ratios and Multiples
403: Introduction to Discounted Cash Flow
404: Putting DCF into Action
405: The Fat-Pitch Strategy
406: Using Morningstar’s Rating for Stocks
407: Psychology and Investing
408: The Case for Dividends
409: The Dividend Drill

501: Constructing a Portfolio
502: Introduction to Options
503: Unconventional Equities
504: Great Investors: Benjamin Graham
505: Great Investors: Philip Fisher
506: Great Investors: Warren Buffett
507: Great Investors: Peter Lynch
508: Great Investors: Others in the Hall of Fame
509: 20 Stock-Investing Tips

Funds

101: What a Mutual Fund Is
102: What NAV Is
103: Finding a Fund’s Total Return
104: Mutual Funds and Taxes
105: How to Purchase a Fund
106: Methods for Investing in Mutual Funds
107: Fund Costs
108: Important Fund Documents, Part 1
109: Important Fund Documents, Part 2

201: Five Questions to Ask before Buying a Fund
202: How to Benchmark Fund Returns
203: Looking at Historical Risk, Part 1
204: Looking at Historical Risk, Part 2
205: Gauging Risk and Return Together, Part 1
206: Gauging Risk and Return Together, Part 2
207: Examining a Stock Fund’s Portfolio, Part 1
208: Examining a Stock Fund’s Portfolio, Part 2
209: Why Knowing Your Manager Matters
210: Your First Fund’s Qualities
211: Good First–and Maybe Only–Funds

301: Why Diversify?
302: Building Your Mutual-Fund Portfolio
303: Choosing an Index Fund
304: Choosing Socially Responsible Funds
305: Choosing an International Fund, Part 1
306: Choosing an International Fund, Part 2
307: Examining a Bond Fund’s Portfolio, Part 1
308: Examining a Bond Fund’s Portfolio, Part 2
309: Choosing a Municipal-Bond Fund

401: Shades of Value
402: Shades of Growth
403: Using Focused Funds
404: Style-Box-Specific versus Flexible Funds
405: Mid-Cap Funds: The Small-Cap Substitute?
406: Sector-Fund Investing
407: Using Quirky Bond Funds
408: Bear-Proofing Your Portfolio
409: The Plight of the Fickle Investor
410: Chasing Closing Funds
411: Buying the Unloved
412: Buying Rookie Funds

501: Avoiding Portfolio Overlap
502: Fund Warning Signs
503: Where and Why Asset Size Matters
504: When to Sell a Fund
505: Rebalancing Your Portfolio
506: Calculating Your Personal Rate of Return
507: Calculating Your Cost Basis
508: Is Your Retirement Portfolio on Track?
509: Refining Your Portfolio

Portfolio

101: Steps to a Suitable Portfolio
102: Determining Your Goals and What They’ll Cost
103: How Much Risk Can You Tolerate?
104: Building Your Emergency Fund
105: Determining Your Asset Mix
106: Core vs. Noncore Investments
107: A Simple Portfolio
108: Creating Your Investment Policy Statement
109: How Many Investments Should You Have?
110: Avoiding Overlap When Building a Portfolio

201: How to Juggle Different Investment Goals
202: 401(k) Plans
203: 403(b) Plans
204: Individual Retirement Accounts
205: The Best Investments for Tax-Deferred Accounts
206: The Best Investments for Taxable Accounts
207: Investing in Your Company’s Stock
208: How to Invest for Short-Term Goals
209: How to Invest for Intermediate-Term Goals
210: How to Invest for College

301: How to Monitor Your Portfolio, Part 1
302: How to Monitor Your Portfolio, Part 2
303: When to Sell an Investment
304: Strategies for Selling
305: Rebalancing Your Portfolio
306: Getting More Aggressive
307: Getting More Conservative
308: Adding Mutual Funds to a Stock Portfolio
309: Adding Stocks to a Fund Portfolio
310: How to Withdraw from Your Portfolio in Retirement

401: Variable Annuities
402: Closed-End Funds, Hedge Funds, and UITs
403: Exchange-Traded Funds
404: Using Sector Funds in a Portfolio
405: Investing in IPOs
406: Gold’s Role in a Portfolio
407: Real Estate’s Role in a Portfolio
408: Futures and Options
409: Short Selling
410: Income Alternatives for Retirees

501: Why Bother with Investment Theory?
502: Efficient Market Theory
503: Modern Portfolio Theory
504: Asset Allocation Is “It”
505: Can Foreign Stocks Really Diversify a Portfolio?
506: Value: The “Better” Approach?
507: Measuring Mutual-Fund Manager Skill
508: The Small-Company Advantage: Fact or Fiction?
509: The Demise of Dividends
510: Behavioral Finance

Bonds

101: Bond Market Interest Rates
102: Bond Duration
103: Buying Bonds
104: Immunization
105: The Process of Issuing Bonds
106: The Role of Collateral
107: Secured and Unsecured Bonds
108: Introduction to Government Bonds
109: U.S. Government Agency Bonds
110: U.S. Savings Bonds

201: Junk Bonds
202: Callable Bonds
203: Collateralized Mortgage Obligations
204: Zero-Coupon Securities
205: TIGRs, CATS, and LIONs
206: STRIPS
207: Treasury Inflation-Adjusted Securities
208: General Obligation Bonds
209: Revenue Bonds
210: Municipal Bond Insurance



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2008-03-27

READING LIST (AFRICA)

I am testing out Zemanta a Firefox plug-in that promises to help discover links, articles and other resources automatically. It works with blogger, Wordpress and a few other blogging platforms. So far I am very impressed. To test this tool out I have used an old blog post which has been sitting in my draft folder for a second. Unfortunately, I have not been able to develop this entry, so for now we have to make do with Chris Blattman's list and a few from the Marginal revolution blog. I also threw in one or or two of mine. Please feel free to include the good African themed you have read. I intend to develop a concise list from all the entries I find on the web. I hope you like the list. I have used only links suggested by Zemanta. This tool has a very strong potential of being abused.
P.T. Bauer's West African Trade, Stanislav Andreski's The African Predicament, Martin Lynn on the Palm oil trade, and Robert Klitgaard's Tropical Gangsters. Robert Bates' "Market and States in Tropical Africa", John Updike's "The Coup", Untapped: The Scramble for Africa's Oil, by John Ghazvinian, Martin Meredith's The Fate of Africa, The Wizard of the Crow by Nagugi wa Thiongo is an allegory for post-colonial Africa, The Shackled Continent by Robert Guest, Also William Boyd's African novels: The Ice Cream War, Brazzaville Nights, "The State of Africa" by Martin Meredith, Ryszard Kapuscinsk's Shadow of the Sun. Another Day of Life, Paul Collier's Bottom Billion, Jeffrey Herbst's States and Power in Africa, Bill Easterly's Elusive Quest for Growth, Pierre Englebert's State Legitimacy and Development in Africa, Nicolas van de Walle's African Economies and the Politics of Permanent Crisis. Half of a Yellow Sun, Adichie,
Long Walk to Freedom, King Leopold’s Ghost, Hochschild, A Man of the People: A Novel of Political Unrest in a New Nation, Achebe. And a pretty comprehensive list from the Tukopamoja blog.


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