- Take a look at the tweet below. If you follow economic development across Africa, you have seen the referenced charts. All I will say about the paternalism in this tweet is that the reasons for optimism about Africa go back further than 60 years. Moving on.
- Scott Galloway, a professor at NYU, said that the only reason Marissa Mayer will not be fired from her CEO post at Yahoo is because she announced she is pregnant with twins. Adam Grant, a fellow professor at Wharton, should probably give him a call.
- Very interesting profile of Uber and its CEO Travis Kalanick. Warning: It is long. With the ongoing debate around the lack of people of color, I was glad to see that Ade Olonoh runs one of Travis’ portfolio companies. These Nigerians, sha. They are everywhere. Also, I need to read Atlas Shrugged.
“I don’t feel pressure from being the President of the Toronto Raptors. I feel pressure from Africa.” The energy that entered the room when Masai Ujiri said that at yesterday’s NYU Africa Economic Forum is why I am still awake.
Masai went on to say that his work would be a waste if he didn’t have any impact in Africa to show for being NBA Executive of the Year or potentially winning an NBA championship. Boom!
Masai’s speech was the highlight of the NYU Africa Economic Forum, though three ideas from other speakers really got my brain going and I may dive deeper on them later this week.
Makhtar Diop, World Bank VP for Africa, explained how pursuing a credit rating for Senegal while he was Minister of Finance provided investors data they could understand, subsequently increasing their level of interest in placing capital in the country.
Ken Ofori Attah, retired CEO of Databank, stressed the importance of Diasporans marketing Africa well.
Eric Guichard, CEO of Gravitas Capital and Homestrings, highlighted the opportunity for the structuring of projects to satiate the perceived lack of capital and projects from the perspectives of companies and investors, respectively.
Kudos to the NYU Africa Economic Forum team for keeping me up way past my bedtime!
What else? What ideas struck you at the NYU Africa Economic Forum?