Good People, Trump did not even have to travel to any country or attend any fundraising event or IMF conference, but in less than a week, he has raised $1.1 TRILLION for America. The AI Stargate project propelled by Japan’s Softbank brought in $500 billion, and now Saudi Arabia’s crown prince ups the game with $600 billion: “Saudi Crown Prince Mohammed bin Salman’s announcement of a $600 billion investment in the United States over the next four years has sparked renewed debate about the country’s economic trajectory.”
My People, nations rise when they have credible leaders that markets will respect and believe on their competence. You do not even need a slide or presentation to the investors, but YOU the leader is the slide which investors will study, and commit capital. Our illusion is that we can “package” our leaders and sell them to global investors. That has not worked!
Africa: you need to make your elections free, fair and credible so that men and women who are outside the game now can join to deliver your promises. When that happens, a new future will emerge. The path to economic ascension goes through elections because when they’re credible, some of the poor players will fade at the polls.
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That said, the US is likely going to suck in all the juices in global capital, and I am truly worried how Africa will perform in the next four years. This is very scary now, and it poses grave economic dangers in Africa. The African Union must quickly call an emergency meeting because there is a high likelihood that many projects will be abandoned in Africa on Trump’s America First and the fact that investors will gravitate where the action is.
Trump is a credible businessman to raise funds. That does not mean he is a credible member of your church choir. You need to look at things on domains. Between 2015 and 2019, Dangote raised more money than the Nigerian government. If you have made him a president, he would bring tons of money for Nigeria because he speaks the language of capital and is credible before investors. There is no need to mix emotions: Trump knows what investors want (returns) and he is credible before them
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