Euvin Naidoo wants to change your mind about Africa. Armed with facts, figures and a forward-looking outlook, he conveys a nuanced picture of a continent that's large, diverse and full of potential, with stabilizing economies and business growth. Speaking at TED, he offers persuasive reasons why investing in Africa can make great business sense.
Aid has failed to create economic growth, says Moyo, and allows governments to evade their responsibilities. So when people say that aid provides essential services, they're missing the point. Except when disaster strikes, governments should be responsible for their citizens, not the international community.
From the vantage point of many who live in the West, Africa remains a continent of woe -- But today, at last, the flawed mythology that treats Africa as a homogenous disaster area is being challenged by investors, economists, and academics alike. The bottom billion is quickly becoming the fastest billion.
Where has growth in Africa come from, and what route will it take? Three speakers present at Chatham House on 31 October 2012. The panel: Charles Robertson, Chief Economist, Renaissance Capital; Jide Olanrewaju, Partner - Satya Capital LLP; Razia Khan, Head of Regional Research Africa, Standard Chartered; Chair: Komla Dumor, Presenter, BBC World News
Hersman asks us to shed outdated notions of Africa as a unified place plagued by starvation and war. Between mobile phone innovations like M-PESA, social networking like MXit and entrepreneurial spaces like Maker Faire Africa, Hersman sees innovation and entrepreneurship exploding within some of Africa's—and the world's—fastest growing economies.
Ghanaian economist George Ayittey unleashes a torrent of controlled anger toward corrupt leaders in Africa -- and calls on the “Cheetah generation” to take back the continent. Economist George Ayittey sees Africa's future as a fight between Hippos -- complacent, greedy bureaucrats wallowing in the muck -- and Cheetahs, the fast-moving, entrepreneurial leaders and citizens who will rebuild Africa.
Jacqueline Novogratz applauds the world's heightened interest in Africa and poverty, but argues persuasively for a new approach. Jacqueline Novogratz founded and leads Acumen Fund, a nonprofit that takes a businesslike approach to improving the lives of the poor. In her new book, The Blue Sweater, she tells stories from the new philanthropy, which emphasizes sustainable bottom-up solutions over traditional top-down aid.
In this provocative talk, journalist Andrew Mwenda asks us to reframe the "African question" - to look beyond the media's stories of poverty, civil war and helplessness and see the opportunities for creating wealth and happiness throughout the continent. He argues that aid makes objects of the poor -- they become passive recipients of charity rather than active participants in their own economic betterment.
Ngozi Okonjo-Iweala, the finance minister of Nigeria, sums up four days of intense discussion on aid versus trade on the closing day of TEDGlobal 2007, and shares a personal story explaining her own commitment to this cause. As the first female Finance Minister in Nigeria, Ngozi Okonjo-Iweala attacked corruption to make the country more desirable for foreign investment and job creation.