Is West Africa the Future of "ALL" Africa?
What if West Africa was possibly the Future of ALL of Africa?
For example, ("most people") in Africa live in West Africa? How can the future of all of Africa be determined by West Africa or even "Nigeria" or even a city like Lagos a large city? Maybe? Maybe not? Whats the alternatives to "Sub Sharan" West Africa?
(for fun) I recently started to study “all of africa” (yes ALL of africa!?) and anyone who “starts” studying Africa Quickly realizes that there is something for sure called “west africa” and its kinda the “normal” or “what it means to be” African (in some new african suburban sense) and yet totally not what all of africa is about?
So what is the alternative to "west africa?" if its "almost everything?" (in terms of population?)
This is a study of “West Africa” through the foreign view with GLOBAL X Nigerian ETF. This Nigeria ETF ("NGE") invests in many of the largest companies in Nigeria and I guess "africa"? One of the companies in particular is a very interesting company called "Dangote Sugar" and "Dangote Cement". I was particularly interested in this "etf fund" because of its “investment” in FOOD and less interested because so many of the companies are “new banks” that I’ve never known...
Unlike the United States that is basically divided into West and East Coast “society” (and the midwest).. Africa has 4 main regions. The North (or Mediterranean North Africa which is VERY different then the rest of Africa!?) and then “the rest of africa” below the worlds largest desert the great vast sharan desert? A desert with some of the strangest small oasis towns out in the middle of no place sharan desert earth?! However, why is Africa still very complex even in Sub Saharan Africa "perspective"? The problem? Is that Africa is on the Equator and unlike everyplace else on earth your either north or south america ... antartica or your someplace in asia or russia? but not on the equator?
I was studying many of the richest people in the world and “got very booredom” because well… who doesn’t know “bill gates? and the apple?”.. however, I didn’t know anyone who was “rich” in africa?! So, in Africa the richest person “in the world” started a “sugar” business and his name is “Alhaji Aliko Dangote” or just “Dangote”… He is in fact the “richest person in africa” and he “looks like a pretty tough business man” (hes maybe a little like trump nice if you are his friend but very mean if your not?)? However, I was very impressed (personally) that he started a “sugar” company and was involved in foods also because I was looking to “start a foods business”. And yet I was also curious why the food problems in Africa are “so bad” (friends have told me who live in Uganda).. that “they need food” and basically have been bagging for food. Even still, the richest person in Africa has an estimated net worth of US$13 billion (May 2020), making him the 85th wealthiest person in the world and the richest person in Africa. So I thought to myself “if you want to be rich” (in the new economy of Africa?) you have to be involved in “foods”? And yet something isn’t quite going so good?
So how do we understand Africa? and whats going on economically there?
Well, there is West Africa (primarily centered around Nigeria... most people say) From a “population vote” West Africa and East Africa are where “most African people are. However, talking about “west” and “east” africa isn’t anything like talking about West or East America its more like comparing North America to South America. Or the Middle East to Asia? In a sarcastic sense. West Africa is mostly Jungle and is on the equator. Its very difficult for everyplace else in the world except brazil to “explain” africa. Because so much of Africa is “jungle” and right on the equator. However, its still “very very different” because of strange dust storms that can cover entire countries or even “all” of west africa with a single storm of sand even though the climate maybe “jungle” they still get “dust storms” because the sahara desert is so ginormous!?
Here is a listing of the companies that this Nigerian ETF is investing in. I was very surprised and “upset” at first when I discovered almost ½ the companies are “banks” however, after reviewing many of the websites I was very surprised at the “quality” of the banks websties in Africa and also laughed at some of the “funny” african commercials trying to get “the new wealthy” people in Africa. It worried me a little that “africa” might be becoming “suburban” and really want a new suburban “african normal”… the one video I saw was of two african parents watching TV and their kids interrupt them to ask them if they can “have a savings account too” it was a fun commercial but it also raised the question in the background how much do africans spend on the internet and “TV” and youtube? It could be a sign of a problem. Can Africa hopefully inspire the world to “be different”?
TOP 10 HOLDINGS
As of 5/21/20
NET ASSETS % NAME MARKET PRICE ($) SHARES HELD MARKET VALUE ($)
13.53 DANGOTE CEMENT PLC 0.39 11,501,848 4,466,737.09
12.42 GUARANTY TRUST BANK 0.06 66,031,216 4,102,910.51
9.45 NESTLE NIGERIA PLC 2.58 1,211,123 3,119,915.56
8.30 ZENITH BANK PLC 0.04 62,245,336 2,739,600.55
5.54 NIGERIAN NAIRA 0.00 706,558,730 1,829,278.27
4.93 MTN NIGERIA COMM 0.29 5,666,143 1,628,328.47
4.75 FBN HOLDINGS PLC 0.01 113,264,967 1,568,848.09
4.57 UNITED BANK AFR 0.02 87,003,212 1,509,181.93
4.39 STANBIC IBTC HOLDINGS PLC 0.09 17,063,251 1,451,204.65
3.79 DANGOTE SUGAR RE 0.03 37,739,109 1,250,642.32
So, while I really wanted to invest in someplace “difficult” and also “including all of africa” .. I couldn’t really find an “east African” ETF and south africa seemed too “speculative” environmentally because most people dont really include Madagascar, Mozambique or Tanzania which are two very very large important “strategic” countries that are mostly “eastern”. And one of the problems with “investing” in southern africa is that its “dry” and basically almost sharan desert ish.
So while “almost everyone” in africa lives in West Africa you basically “have to invest” in West Africa even if the culture of “west africa” maybe already becoming “homogeneous” relative to the exotic lands and wildlife preserves (elephants, tigers, graphs, zebras.. monkeys which they dont have in the amazon in south america)… of “east africa” and the “jungle” which is basically “off limits” to foreigners and certainly investment. In fact to Africans South America is a “joke” they dont even have “real animals” there like monkeys or tigers or elephants or any of the “really large animals” of the jungle.
So, one of the most interesting regions on earth to study the “new” economy and “economics” is Africa! The problem is that “Nigeria” is taking over LOGICALLY because of its (centralized location) even with good alternatives like Ghana Accra a very nice safer and cleaner alternative city to Lagos. However, there must be something about being at the “edge” of the real jungle.. when you actually “live in the jungle” according to everyone else including “climatologists” would say that “west africa” is a jungle climate when its maybe really truly not… except for a small area of unusual rain storms, and its definitely worth studying the rain maps in “detail” of west africa to “discover” where the hidden mysterious “sudden” jungles are that are accessible from the coast of west africa. Yes, India is interesting and the Middle East and some “tiny island” in the center of the ocean has interesting economics.. But Africa is extremely important and the continent so huge! Africa is also “well defined” unlike the middle east or asia. You know if your in Africa but sometimes your not sure what part of the world. In some sense “AFRICA is the heart and center of the entire earth!?” Look at earth from space.. all you see is Africa!?
Anyway…
West Africa use to be called the “Gold Coast” … and I guess its still kinda fun “I guess” to still call it (west africa?)…the “gold cost”? I really really wanted to invest in Gold but the prices are so ridiculously high for just 1 ounce of gold at $2000… I just cant and couldn’t invest in gold even at 1/10 the cost it might not make sense to my scientific futurism where you can “make gold” from sand? One of the saddest and most ironic keys in Africa is while people love to invest in gold very VERY few people invest in where gold comes from. On a typical day only about 10,000 stocks trade for the Nigerian ETF while many stocks trade in the millions by volume.
In the 1980’s or 1983 only (took) one country in Africa produced 21.847 million ounces of gold, roughly 64% of the world's output. That is South Africa?! Alone? this part of “Sub Saharan”
While “west africa” is maybe not the “true heart” but is… is and yet isn’t and yet is… the west african heart of africa? The Center of africa is the Congo or maybe geographically someplace absurd to the rest of the world like Sudan or Kampala? For better or worse… West Africa is becoming “all” Nigeria and the city of Lagos. Its a very complex city more like a “florida lagoon” but a lot closer to the equator… its almost impossible for the rest of the world to understand simple facts (environment) about Africa … Africans.. almost 90% of them live very very close to the equator.. and “not all in west africa”… that is the basic importance of East Africa and how it has influenced the middle east all the way back to the foundation of one of the worlds most popular religion.
Anyway, there are alternatives to investing in West Africa and in “Lagos” that might one day “sink” because they are trying to build out into the ocean a “new city”… safer places and certainly more interestingly safe places in Africa like Accra Ghana and the “genius” of east africa culture. The fundamental difference maybe that while West African’s maybe aim to “take over the world” east africans maybe able to “save the entire middle east” and one day translate the future of african region to the rest of the world and is especially “close” to asia.
Well, with that said… Africa is perhaps of the worlds most important and (interesting) places to study Modern Economics. If you want to “help” you need to learn about Africa and whats going on in africa. Unfortunately there are not many choices for foreign ETF’s to “help”. It appears that West African Banks from their maps.. although located in Nigeria are “not so quietly” (taking over) all of african finance. If this idea of “nigerian” banking collapese.. all of africa could collapse with it. As you study the Nigerian ETF you realize its extremely heavily biased towards Nigerian banking selector.. with one exception the richest “man” in africa. Who somehow too hasn’t saved africa from poverty or starvation even though he started as a (simple?) “sugar” company.
For now I’ve made some good money investing in Nigeria. I didn’t really want to “make a lot” of money in Nigerian stock but it has been interesting to see it go up when everything else was going down…
I wish the best for West Africa!
Take care, (your friend)
Asher!
CONCLUSION:
There are too many details in this graph of the past few years (since 2016). However the Nigerian Economy (guiding from the ETF) at least has had a lot of problems since 2018. Things in Nigeria have been “good” before 2018 and then a lot of problems started around July of 2017 (orange vertical time cause line). Most of the world did see a lot of problems in 2016 However I think even in the “up market” you can notice this problem in July of 2017? However this was the “UP” Side of the economy 2017 however, I wanted to be very specific about a problem during the upside that “caused” the problems after the high of January 2018 in Nigeria or “west africa”. Unbelievably while the rest of the worlds stocks went up.. Nigerian ETF went down and has been going down till 2020. So its very important to “track” down the problem for Nigeria. While its almost impossible to “see the solution” from the price graph its maybe possible to see signs of a (interesting) solution in the Nigerian Volume graph (you notice a major change in the direction of volume in January starting of 2019? which several spikes of volume even while the stock is going down. Volume is almost always correct while price is usually 50/50 depending on who the buyer or seller was.. (both sides are required to specified a price?)
The interesting prediction about the future of “west” africa is is a “tightening up” of business philosophy? starting in about October of this year.. (this fall of 2020). The price oscillator shows a “convergence” in price followed by an unexpected divergence around June of 2021 of NEXT year? It possible that this might “flip” to a major positive “up” trend next year instead of a down trend as “predicted?”?
For example, ("most people") in Africa live in West Africa? How can the future of all of Africa be determined by West Africa or even "Nigeria" or even a city like Lagos a large city? Maybe? Maybe not? Whats the alternatives to "Sub Sharan" West Africa?
(for fun) I recently started to study “all of africa” (yes ALL of africa!?) and anyone who “starts” studying Africa Quickly realizes that there is something for sure called “west africa” and its kinda the “normal” or “what it means to be” African (in some new african suburban sense) and yet totally not what all of africa is about?
So what is the alternative to "west africa?" if its "almost everything?" (in terms of population?)
This is a study of “West Africa” through the foreign view with GLOBAL X Nigerian ETF. This Nigeria ETF ("NGE") invests in many of the largest companies in Nigeria and I guess "africa"? One of the companies in particular is a very interesting company called "Dangote Sugar" and "Dangote Cement". I was particularly interested in this "etf fund" because of its “investment” in FOOD and less interested because so many of the companies are “new banks” that I’ve never known...
Unlike the United States that is basically divided into West and East Coast “society” (and the midwest).. Africa has 4 main regions. The North (or Mediterranean North Africa which is VERY different then the rest of Africa!?) and then “the rest of africa” below the worlds largest desert the great vast sharan desert? A desert with some of the strangest small oasis towns out in the middle of no place sharan desert earth?! However, why is Africa still very complex even in Sub Saharan Africa "perspective"? The problem? Is that Africa is on the Equator and unlike everyplace else on earth your either north or south america ... antartica or your someplace in asia or russia? but not on the equator?
I was studying many of the richest people in the world and “got very booredom” because well… who doesn’t know “bill gates? and the apple?”.. however, I didn’t know anyone who was “rich” in africa?! So, in Africa the richest person “in the world” started a “sugar” business and his name is “Alhaji Aliko Dangote” or just “Dangote”… He is in fact the “richest person in africa” and he “looks like a pretty tough business man” (hes maybe a little like trump nice if you are his friend but very mean if your not?)? However, I was very impressed (personally) that he started a “sugar” company and was involved in foods also because I was looking to “start a foods business”. And yet I was also curious why the food problems in Africa are “so bad” (friends have told me who live in Uganda).. that “they need food” and basically have been bagging for food. Even still, the richest person in Africa has an estimated net worth of US$13 billion (May 2020), making him the 85th wealthiest person in the world and the richest person in Africa. So I thought to myself “if you want to be rich” (in the new economy of Africa?) you have to be involved in “foods”? And yet something isn’t quite going so good?
So how do we understand Africa? and whats going on economically there?
Well, there is West Africa (primarily centered around Nigeria... most people say) From a “population vote” West Africa and East Africa are where “most African people are. However, talking about “west” and “east” africa isn’t anything like talking about West or East America its more like comparing North America to South America. Or the Middle East to Asia? In a sarcastic sense. West Africa is mostly Jungle and is on the equator. Its very difficult for everyplace else in the world except brazil to “explain” africa. Because so much of Africa is “jungle” and right on the equator. However, its still “very very different” because of strange dust storms that can cover entire countries or even “all” of west africa with a single storm of sand even though the climate maybe “jungle” they still get “dust storms” because the sahara desert is so ginormous!?
Here is a listing of the companies that this Nigerian ETF is investing in. I was very surprised and “upset” at first when I discovered almost ½ the companies are “banks” however, after reviewing many of the websites I was very surprised at the “quality” of the banks websties in Africa and also laughed at some of the “funny” african commercials trying to get “the new wealthy” people in Africa. It worried me a little that “africa” might be becoming “suburban” and really want a new suburban “african normal”… the one video I saw was of two african parents watching TV and their kids interrupt them to ask them if they can “have a savings account too” it was a fun commercial but it also raised the question in the background how much do africans spend on the internet and “TV” and youtube? It could be a sign of a problem. Can Africa hopefully inspire the world to “be different”?
TOP 10 HOLDINGS
As of 5/21/20
NET ASSETS % NAME MARKET PRICE ($) SHARES HELD MARKET VALUE ($)
13.53 DANGOTE CEMENT PLC 0.39 11,501,848 4,466,737.09
12.42 GUARANTY TRUST BANK 0.06 66,031,216 4,102,910.51
9.45 NESTLE NIGERIA PLC 2.58 1,211,123 3,119,915.56
8.30 ZENITH BANK PLC 0.04 62,245,336 2,739,600.55
5.54 NIGERIAN NAIRA 0.00 706,558,730 1,829,278.27
4.93 MTN NIGERIA COMM 0.29 5,666,143 1,628,328.47
4.75 FBN HOLDINGS PLC 0.01 113,264,967 1,568,848.09
4.57 UNITED BANK AFR 0.02 87,003,212 1,509,181.93
4.39 STANBIC IBTC HOLDINGS PLC 0.09 17,063,251 1,451,204.65
3.79 DANGOTE SUGAR RE 0.03 37,739,109 1,250,642.32
So, while I really wanted to invest in someplace “difficult” and also “including all of africa” .. I couldn’t really find an “east African” ETF and south africa seemed too “speculative” environmentally because most people dont really include Madagascar, Mozambique or Tanzania which are two very very large important “strategic” countries that are mostly “eastern”. And one of the problems with “investing” in southern africa is that its “dry” and basically almost sharan desert ish.
So while “almost everyone” in africa lives in West Africa you basically “have to invest” in West Africa even if the culture of “west africa” maybe already becoming “homogeneous” relative to the exotic lands and wildlife preserves (elephants, tigers, graphs, zebras.. monkeys which they dont have in the amazon in south america)… of “east africa” and the “jungle” which is basically “off limits” to foreigners and certainly investment. In fact to Africans South America is a “joke” they dont even have “real animals” there like monkeys or tigers or elephants or any of the “really large animals” of the jungle.
So, one of the most interesting regions on earth to study the “new” economy and “economics” is Africa! The problem is that “Nigeria” is taking over LOGICALLY because of its (centralized location) even with good alternatives like Ghana Accra a very nice safer and cleaner alternative city to Lagos. However, there must be something about being at the “edge” of the real jungle.. when you actually “live in the jungle” according to everyone else including “climatologists” would say that “west africa” is a jungle climate when its maybe really truly not… except for a small area of unusual rain storms, and its definitely worth studying the rain maps in “detail” of west africa to “discover” where the hidden mysterious “sudden” jungles are that are accessible from the coast of west africa. Yes, India is interesting and the Middle East and some “tiny island” in the center of the ocean has interesting economics.. But Africa is extremely important and the continent so huge! Africa is also “well defined” unlike the middle east or asia. You know if your in Africa but sometimes your not sure what part of the world. In some sense “AFRICA is the heart and center of the entire earth!?” Look at earth from space.. all you see is Africa!?
Anyway…
West Africa use to be called the “Gold Coast” … and I guess its still kinda fun “I guess” to still call it (west africa?)…the “gold cost”? I really really wanted to invest in Gold but the prices are so ridiculously high for just 1 ounce of gold at $2000… I just cant and couldn’t invest in gold even at 1/10 the cost it might not make sense to my scientific futurism where you can “make gold” from sand? One of the saddest and most ironic keys in Africa is while people love to invest in gold very VERY few people invest in where gold comes from. On a typical day only about 10,000 stocks trade for the Nigerian ETF while many stocks trade in the millions by volume.
In the 1980’s or 1983 only (took) one country in Africa produced 21.847 million ounces of gold, roughly 64% of the world's output. That is South Africa?! Alone? this part of “Sub Saharan”
While “west africa” is maybe not the “true heart” but is… is and yet isn’t and yet is… the west african heart of africa? The Center of africa is the Congo or maybe geographically someplace absurd to the rest of the world like Sudan or Kampala? For better or worse… West Africa is becoming “all” Nigeria and the city of Lagos. Its a very complex city more like a “florida lagoon” but a lot closer to the equator… its almost impossible for the rest of the world to understand simple facts (environment) about Africa … Africans.. almost 90% of them live very very close to the equator.. and “not all in west africa”… that is the basic importance of East Africa and how it has influenced the middle east all the way back to the foundation of one of the worlds most popular religion.
Anyway, there are alternatives to investing in West Africa and in “Lagos” that might one day “sink” because they are trying to build out into the ocean a “new city”… safer places and certainly more interestingly safe places in Africa like Accra Ghana and the “genius” of east africa culture. The fundamental difference maybe that while West African’s maybe aim to “take over the world” east africans maybe able to “save the entire middle east” and one day translate the future of african region to the rest of the world and is especially “close” to asia.
Well, with that said… Africa is perhaps of the worlds most important and (interesting) places to study Modern Economics. If you want to “help” you need to learn about Africa and whats going on in africa. Unfortunately there are not many choices for foreign ETF’s to “help”. It appears that West African Banks from their maps.. although located in Nigeria are “not so quietly” (taking over) all of african finance. If this idea of “nigerian” banking collapese.. all of africa could collapse with it. As you study the Nigerian ETF you realize its extremely heavily biased towards Nigerian banking selector.. with one exception the richest “man” in africa. Who somehow too hasn’t saved africa from poverty or starvation even though he started as a (simple?) “sugar” company.
For now I’ve made some good money investing in Nigeria. I didn’t really want to “make a lot” of money in Nigerian stock but it has been interesting to see it go up when everything else was going down…
I wish the best for West Africa!
Take care, (your friend)
Asher!
CONCLUSION:
There are too many details in this graph of the past few years (since 2016). However the Nigerian Economy (guiding from the ETF) at least has had a lot of problems since 2018. Things in Nigeria have been “good” before 2018 and then a lot of problems started around July of 2017 (orange vertical time cause line). Most of the world did see a lot of problems in 2016 However I think even in the “up market” you can notice this problem in July of 2017? However this was the “UP” Side of the economy 2017 however, I wanted to be very specific about a problem during the upside that “caused” the problems after the high of January 2018 in Nigeria or “west africa”. Unbelievably while the rest of the worlds stocks went up.. Nigerian ETF went down and has been going down till 2020. So its very important to “track” down the problem for Nigeria. While its almost impossible to “see the solution” from the price graph its maybe possible to see signs of a (interesting) solution in the Nigerian Volume graph (you notice a major change in the direction of volume in January starting of 2019? which several spikes of volume even while the stock is going down. Volume is almost always correct while price is usually 50/50 depending on who the buyer or seller was.. (both sides are required to specified a price?)
The interesting prediction about the future of “west” africa is is a “tightening up” of business philosophy? starting in about October of this year.. (this fall of 2020). The price oscillator shows a “convergence” in price followed by an unexpected divergence around June of 2021 of NEXT year? It possible that this might “flip” to a major positive “up” trend next year instead of a down trend as “predicted?”?
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.