Wednesday, May 23, 2012

What does this sentence mean?

I'm fascinated by the lingo of evangelical Christians.  I saw a prime example in the newspaper today.  On page 47 of the Daily Graphic, there is a full page colour advert wishing Rev. (Mrs) Rita Korankye-Ankrah a happy 50th birthday. The interesting sentence is:

"Mama Rita, we salute the oil upon your life"

The consensus in my office is that it refers to anointing but no one could tell me what the sentence actually means. Hmm...

Thursday, May 17, 2012

Facebook IPO

Follow this link to the best perspective that I've read on the Facebook IPO.  If Facebook shares were available on the Ghana Stock Exchange, I wouldn't buy the shares.  Try as I may, I can't understand the business model and how they propose to generate enough earnings to justify such a huge valuation.  I'm NOT suggesting that investing in Facebook won't be a good (or even great) investment; I just don't put invest in stuff that I don't understand.  $100 billion for a firm that earns $1 billion, a 100x multiple? Hmm...that's making a huge bet on earnings potential (growth) of the firm.

Good luck to Mark Z and his crew anyway, they've worked very hard for this.  They've certainly created something that ~1 billion people find useful.

Tuesday, May 1, 2012

Ouagadougou, Burkina Faso

Arrived in Ouaga yesterday.  My first time here.  I don't know what I expected but it's way more urbanised than I expected :).  I really like the place but my very poor French does not allow me to plug in as well as I'd like.  Staying at the better than okay Splendid Hotel on Avenue Kwame Nkrumah.  Shows how close Ghana and BF are that one of their main thoroughfares from the Airport into the city is named after Ghana's first president.

My hosts have just treated me to a fabulous dinner at the Restaurant Gondwana.  Great ambience, free wifi, great service and some of the best food I've ever eaten.  Highly highly recommended.

I'll certainly be back!