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Upgrade Ya, Enjoy Prison and What's the CFCA?

Upgrade Ya, Enjoy Prison and What's the CFCA?
By TheBrief • Issue #34 • View online
Welcome to this week’s episode of The Brief where we bring you news from across Nigeria and Africa!
Quote of the Week:
Watch your thoughts; they become words.
Watch your words; they become actions.
Watch your actions; they become habits.
Watch your habits; they become character.
Watch your character; it becomes your destiny.
Lao Tzu
We must have courage to bet on our ideas, to take the calculated risk, and to act. Everyday living requires courage if life is to be effective and bring happiness.
- Maxwell Maltz

What's The Palava? (What's Going On In Nigeria?)
I Can Upgrade Ya
Last week the African Development Bank (the “AfDB”) approved a $210 million investment for the Nigerian electricity grid. This is huge!
The Nigerian electricity transmission network aka the grid, is one of the critical pieces of infrastructure which is holding back the country’s ability to have 24 hour power and through this industrialisation. Currently, the grid is only able to transmit a quarter (mad, we know) of the total electricity generated to homes and businesses across the country.
According to the AfDB this project will be part of a $1.6 billion program.
It’s Going Down! I’m Yelling Timber!
The international rating house Moody’s have downgraded Nigeria’s credit rating from B2 stable to negative.
Shout out Buhari and Emefiele...sigh
Shout out Buhari and Emefiele...sigh
The Rule of Law ? What’s That?
Mr. Sowore
Mr. Sowore
Nigerian activist, journalist and former presidential contestant Omoyele Sowore was re-arrested on Friday just hours after being freed on bail. His case has been particularly vexing as he has been in prison for months now but has yet to be officially convicted for anything. His case constantly raises questions over free speech in the country.
Interesting side note: Mr Sowore was a youth activist fighting against government repression during the military era.
He was charged with treason, money laundering and cyberstalking the President, but denies all charges.
What’s the rule of law between friends?
Enjoy Prison :)
Orji Kalu, the ex-Governor of Abia state was sentenced to 12 years in prison by a Federal High Court in Lagos this week on several counts of corruption.
To be specific, Mr Kalu was convicted of 38 of the charges of corruption and money laundering brought against him by the Economic and Financial Crimes Commission. Enjoy prison governor. We hear it’s a great place to read and work-out.
Ugandan motorcycle-hailing company SafeBoda will commence operations in January 2020 in Nigeria. Read more about motorcycle hailing startups here.
What's Going On Across Africa?
Luanda Luau
The IMF has approved a second tranche of a $247 million loan to be paid to Angola to help the country reform its oil dependent economy.
Locked Up
Mike Sonko, Governor of Nairobi, was arrested on Friday along with several other politicians.
Kenya’s top prosecutor Noordin Hajj said the governor and other officials will be prosecuted for “crimes of conflict of interest arising from having received money from the county of Nairobi while serving as governor, unlawful acquisition of public property, money laundering and other economic crimes.”
What’s the FCFA
Check out this primer on the West African CFA franc, a colonial era financial instrument still in use by Francophone West Africa and backed by France which has been a touchpoint in recent weeks.
How the France-backed African CFA franc works as an enabler and barrier to development
What in the world??
(our segment where we highlight the most outrageous story we have come across while scraping the web for news articles for you). We have taken to using what we call the Ehn scale. The longer the Ehn the more incredulous. For example, President Buhari is not Nigeria’s most prolific travel blogger: Ehnnnnn? Got it?
Racissimo Unleaded
Two Nigerian students went to Croatia to participate in an international table tennis competition, as part of the World InterUniversities Championship except things didn’t go as planned. They were instead stopped in the middle of the street and deported to a refugee camp in Bosnia. This is truly mind-blowing. Racial profiling on steroids.
Everyone Needs A Teacher

So there’s a Yahoo Academy in Akwa Ibom Nigeria. I guess everyone needs a mentor?
NOTE: For those who don’t know what Yahoo is, it is a euphemism/short-hand in Nigeria for internet fraud.
Rating: Ehhhhnnnn?
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