CEO @nombahq | Building Africa’s global bank. Future Industrialist
Lagos | Kinshasa | Lusaka
Joined January 2010
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Doesn’t work in Africa. Make profits o.
A startup isn't supposed to make money.
It's supposed to grow fast and maximize the odds of returning a multiple to its investors.
Once you take VC money, your job is to increase value, not generate profit. If a company in my portfolio is sitting on profits, I'm annoyed. That cash should be going back into growth.
If you own 100% of your company, do whatever you want with the profits. Pay yourself a dividend. Buy a boat. Your call.
With VC funding, it doesn't work that way. Dividends sometimes become acceptable after an IPO, long after anyone still calls the company a startup.
Profit isn't the goal, it's what's left when you've run out of better places to put the money.
Yinka retweeted
Everything is hard. Nothing works the first time. It all feels pointless. That’s when you realize you’re going to have to will it into existence with every ounce of your fucking soul. And that’s when it starts to happen.
Yinka retweeted
Host a handful of journalists, and they’ll prattle on endlessly about our dear tech ecosystem. Will they debate how the media business they work in is hanging on for dear life? Don’t hold your breath.
Notadeepdive is back early:
notadeepdive.com/p/the-money…
Yinka retweeted
these trades will be settled on Nomba
The Lobito Corridor is moving from vision to implementation. The ambition is to build an integrated economic corridor — connecting export oriented trade with jobs through mining, energy, agribusiness, logistics, and much more along Zambia, DRC, and Angola.
cnbcafrica.com/media/7791261…
🇿🇲
At the round table hosted by the @StateDept, the @_AfricanUnion , the @CorpCnclAfrica, and @USChamber we advocated for more support towards infrastructure investment in Zambia...
The Logistics infrastructures already exist, the financial infra haven’t caught up.
USD/CDF 🇨🇩> ZMW 🇿🇲(near instant).
Nomba DRC is extending its payments corridor into Zambia 🇨🇩🇿🇲
Zambia’s goods exports to the DRC hit $1.6B in 2025, up about a third in 2024. Our CEO @YinkaAdewale joined @cnbcafrica to talk about cross-border payments between the two markets 👇
cnbcafrica.com/media/7792664…
I recently found out that: If you have a COMESA ID, you get to do trades between DRC and Zambia with a Visa.
You can just walk through the border, super cool!
Yinka retweeted
I think developers are some of the hardest people to sell software to.
You can have the nicest website, the most impressive demo, and all the marketing in the world.
They'll install your tool, run one command, and know within five minutes whether you've been exaggerating.
Yinka retweeted
Excited to share that @swoopappng has averaged over 550 daily orders this week… from a single restaurant! A huge thank you to the restaurant team for making this possible and preparing over 3 orders per minute at peak times!
And we are welcoming our 2,000th restaurant partner to the platform this week as well.
We launched Swoop in Lagos less than six months ago. This rapid growth is a testament to our work to make food delivery faster and more affordable for all Nigerians. Next up: bringing Swoop to more Nigerians, starting with our first cities outside Lagos.
Yinka retweeted
Trillionaire mindset:
"I believe in my ability to figure it out more than I believe in any obstacle."
Trillionaire mindset be like: I don’t know how to do something, but I’ll figure it out. I’ll learn.
“I still have a tremendous amount to learn about chip making. I don't know how to make chips, to be clear. I have no idea how to make chips, but we'll figure it out. Got to start somewhere. I had no idea how to make cars or rockets as well.”
—Elon Musk
Yinka retweeted
Deutsche Bank AG is going long on Nigeria’s naira against the dollar and has also added the west African nation to its frontier index monitor which now features several African currencies including Angola’s kwanza and Ghana’s cedi bloomberg.com/news/articles/…
In Lusaka this week. Spent today with banks and the Central Bank.
Heading up to the Copperbelt next.
Nomba moves money for businesses trading between Zambia and the DRC.
Big part of this trip is meeting the people on the ground, from Lusaka to Kasumbalesa, and seeing how we serve them better.
Traders, truckers, EPC firms, mine suppliers. If that's you, DMs are open.
Yinka retweeted
AFC and the DRC recently signed agreements to support continued development of the 25km MetroKin urban rail project in Kinshasa, and the development of the 463km Kinshasa–Matadi–Banana railway, which is expected to connect the capital to DRC’s emerging deep-water port at Banana.
Yinka retweeted
Bygones: You can't compete with Chinese manufacturing! Just stick to services!
Chinese manufacturing: We are going to Kenya!
😂😂Chesa!
Taking shape at Naivasha SEZ!
Construction is progressing at Juyons Waterproof, a Chinese SEZ enterprise establishing its operations at Naivasha Special Economic Zone.
SEZA is proud to see this investment take shape, reflecting investor confidence in Kenya and the opportunities available through our SEZ programme. Each milestone brings the enterprise closer to operations and the opportunities it will create for employment, skills development and local business partnerships.
We congratulate the Juyons Waterproof team on their progress and remain committed to supporting their journey from construction to operationalisation.
Yinka retweeted
So in fact we actually can get robots, flying cars, superintelligence, fast internet on planes, space travel, space colonies, orbital data centers, unlimited energy, likely cures for nearly every disease, and more all in our life times. Pretty great.
Yinka retweeted
We are pleased to announce that Mr. Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has been appointed Chairman of the AFC Board. He succeeds Ireti Samuel-Ogbu, who continues to serve as a board member.
Read the full announcement: africafc.org/news-and-insigh…
