No. 14: 3 Wednesday AM Reads You Should Have Gotten Tuesday

  1. This piece on Jack Dorsey being named as CEO of Twitter while keeping the CEO reins at Square is pretty poor. How do you give recent examples of folks successfully running multiple companies without discussing what is enabling them to get this done? Yet, you reach back to 1990 to pull out a worst case situation, mention that Elon Musk and Carlos Ghosn say running two companies is hard and one should avoid it, and conclude that Jack isn’t listen to the right advice. The piece should have progressed something like: 1) This is a bad case from years ago. 2) Here are some more recent cases and reasons why they avoided the bad case from years ago. 3) This is really hard and not advisable for most. Since Jack is going forward with this, this is what he should consider.

  2. Growing up, my dad often talked about the unappreciated genius of artisans in Ghana. Ory Okolloh Mwangi and Bobby Pittman, among others have touted the huge potential of the creative industry across Africa. This piece discusses the Rwanda government’s efforts to invest in its creative industry with the help of the Swedes. In the mean time, check out Oxosi – a startup bringing high-end African fashion to the US. It should be launching soon.

  3. Here’s some interesting analysis of greenfield investments in Africa still being led by the western countries. On the other side of Africa-bound FDI, here is an interesting report from the Financial Times’ Africa Summit on how African countries will deal with depressed currencies, China’s slowing, and falling commodity prices (I saw $1.90 gas the other day, and my heart fluttered).

Why Akinwumi Adesina Won the African Development Bank Presidency

Bobby Pittman, head of Kupanda Capital, did a nice interview with the Center for Global Development where he serves as a board member alongside the likes of Ngozi Okonjo-Iweala and Lawrence Summers. He highlights the reasons Dr. Adesina won the AfDB presidency, and some things on which he will have to focus. Three points that stood out are:

  1. The AfDB picked a lot of low-hanging fruit in developing the private sector on the continent. Now that the private sector has advanced significantly, a lot of thought has to go into how to most effectively catalyze the private sector. Dr. Adesina has the track record and skill set to take the development of the private sector to the next level. 
  2. The AfDB’s focus on areas like the private sector, infrastructure, and regional development, in comparison with other development banks has contributed to its success. Maintaining that focus will continue to position the AfDB for success. 
  3. There are a lot of voices that could be part of the AfDB’s conversation, but are not currently. Work has to be done to incorporate their viewpoints into the AfDB’s work. 

I am excited about Dr. Adesina taking the reins at the AfDB and look forward to seeing the bank continue to do good work on the continent. 

Social Media a Key Driver of the Next Wave of African Growth

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But I won’t argue the point too hard.

Yesterday evening, I attended the DC Africa Tweet up hosted by Semhar Araia. I learned about the event through Twitter and had a blast chatting it up with folks addressing the task of contributing to African development from different angles.

Of the ~60 or so people at the event, I met three through Twitter – Laura Seay, Semhar Araia, and Teddy Ruge. The statistical analysis may not make much of that, but these are three people who have a significant impact on my thinking in regards to Africa. Since joining Twitter, my connection to people doing work on the continent has grown exponentially, and has created opportunities to do a lot of cool things. There are other potential reasons for this increased connection, I do admit. Nonetheless, I am in constant communication with folks regarding Africa and I am not the only one.

In the span of a few hours, the following happened:

1. I got a better understanding of how Africare sees itself participating in African development.

2. I offered some advice to a recent graduate looking to get into international development work.

3. I connected with individuals interested in a partnership Afara Global is part of.

4. I learned about the work of an individual in London who could offer some nice value-add to one of our projects.

5. I had an incredible conversation with a fellow Greensboro-native on the opportunity areas for growth in the African-American community.

Needless to say, I left the event refreshed and excited to push forward.

Thanks Semhar and Twitter. Let’s make this happen in other cities.