Why Elon Musk And Jack Dorsey Have Big Plans For Africa
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- เผยแพร่เมื่อ 27 ก.พ. 2020
- Jack Dorsey, founder of Twitter and Square, Inc, raised some eyebrows in Silicon Valley when he announced he was moving to Africa in 2020. Africa is poised to take off as the next big tech market, and both America and China have taken notice.
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Why Elon Musk And Jack Dorsey Have Big Plans For Africa
I love how we always talk about Africa like it is one country
Because countries like Nigeria, Liberia, Ghana and the rest of them can’t handle a single large Foreign business on their own. It’s not their fault
Maybe, it should be.
It's crazy how it is the case only when speaking of Africa. As if every single country was following the same model when it couldn't be further from the truth
Weird, if you bothered watching the vid, you'd see that they didn't.
Everything is one. Separation is an illusion.
CNBC putting Musk's name in the title to get views even though he's barely mentioned at the end.
The first title was Big Tech instead of Elon Musk. But Elon Musk will probably bring more clicks.
Using Musk as clickbait :D
omg
And what is the problem?
Click bait ,😎
i don't think people care that much about elon he's really not much of a click-bate name if you're interested in Africa, tech and business you'd click regardless
I like how they show the poor parts of Africa.. they deliberately excluded the nice parts to make themselves look as if they are liberators..
Very true, Deserves more likes to make sure people see this comment. They aren't investing in the poor parts of Africa, they are investing in the developed and developing parts.
True
Did you not watch the video? They showed the good parts too.
This is what “news” organizations do here in America, to keep us divided. Thank God Almighty for Wode Maya.
Part of the game
Bro I want Africa to reach at a higher level before I die
It's already happening and if you're below 25 you will see Africa dominate the global market and industry. The apex will be reached in about 50 years
Amen oh 🙏🏾
Robert Mugabe already entered that higher level with all that - Free to do whatever - Tax Payer money.
Me too dude. The biggest obstacle we need to overcome to help Africa progress is to stabilize the uncontrolled and exponential population explosion
So go do something about it
Title feels like an Elon bait lol
What they did is intellectually dishonest!
i totally feel the same, and i clicked and watched the entire 13:24 minutes.
They changed the title from "Why big tech is moving to africa"
Well, it worked on me...
Maybe cause Elon Musk is African
I am from Africa and tbh it's nothing but exploitation of cheap labour as far as I am concerned
as long as africans can learn from the process and use it to benefit themselves...... its going to be 2b+ africans by 2050
Rather cheap labor than no labor as is the current case in Africa.
Africans are running to Europe and drowning in the Mediterranean because they have no jobs
The price of labor can only go up from being bid up by demand. The more companies hire africans, the more they pay overtime as wages normalize.
Where in “Africa” are you? I’m also residing in Africa for the last 4 years.
Nothing wrong with that. Look at how China started off to where they're now economically (yes I know Africa is not a single country,but a continent made up of countries with various cultures etc). Rise Africa, Rise!
Africa: cheap labor and undeveloped land
Investors: it’s free real estate
Darius DarkShadow EXACTLY
Exaclty
bruh what tf ur saying what about south africa
right, unemployed people is awesome. why should they work. any other country has had cheap labor and undeveloped land, but they worked and didn't cry about.
Joseph Ofori it’s a meme
The world: Africa lacks resources to make stable business
Africa: The world takes all our resources
Amen
Fight back
But this is good it’s called advancing a country this is wonderful
Word!
@Chillax they don't sell them. Those were clauses that came with democracy. This is why democracy is great for the West
He is generalizing Africa in a lot of ways .
Olajuwon Uthman farouq if he didn’t the video would be much longer
*”It just works”*
@Shivan Anirudhra west, East, and Southern African regions are as different as different as Brazil is to Mongolia.
@@kevinclass2010 i think he knows that
Yep this news was biased, zero mention of Egypts economy nearing 6.0% and one of the main top 3 economies in Africa which will be the 7th richest economy by 2030: th-cam.com/video/_YHzpxn6psk/w-d-xo.html&t=
Average programmer salary in Africa: $2 an hour. Silicon Valley: 🤑🤑🤑
asdf asdf avg cost of living in SF is $500k annually. So 😂😂
$2 go a long way in African, man.
@TreeFiddy Maybe. But If I can have surgery for a fraction of the cost in America overseas, then I would be a fool to pass on that. That's why medical tourism is so huge.
@@JK-gu3tl Check Nairobi real estate then you'll reverse your skewed views on the salary cap!
Still more than I make in Mexico
You can imagine how much potential there is when an entire continent is talked about as a single country
There are way too many countries in a similar position for him to list them out
america?!
@@scopolamin1 lol idiota
In Kenya we have been using mobile payment for over 15yrs🤣🤣🤣
10years In Ghana 👍🏽
It was the somalis that started mobile payments in Kenya
@@shafsteryellow you are proposing a serious conspiracy theory.
@@shafsteryellow um. No. It was not. Please do no propagate false information. It was invented by Nyagaka Anyoya Ouko. And if you Google, it's now being credited to Hugh and Lonie. Typical European style to steal African inventions and take the credit for their own.
Stop telling this greedy world what yall are doing
"Okay everyone say it with me.... Cheeeeeaaap Laaaaaabouuur"
Also an actual job for some locals.
Also reuses brain drain.
Also probably higher wages than other local busineses.
Hey I'm always in favor for honest paying jobs and for people to be a productive member of society. But let's be honest here... that's one of the main factors of why they would want to move factories/warehouses over there. I'm sure the locals wont complain about the pay.
@@signsofthetimes886 Yeah, i dont know why i reacted that way to your first comment.
Why does Africa need these people? Haven't they done enough damage? Let African's build up Africa.
That’s not how that works
Businesses have to diversify in terms of global financial structures and Africa does not have it yet. The world 🌎 is becoming more globalized and Africa have to be part of that globalization or we'll be in the back of the bus compared to the rest of the world.
Send them over to Asia if you don't need the investments and the knowledge.
It's a global economy. If you look at Silicon Valley there are people from varying parts of the world who come here to create something. What might it be like to have that in Africa! And have Africans benefit from start-up $$..This is how innovation and growth happens.. Colonization 2.0 to me is a whole new reality.. means that instead of having Africans as purely the labor they now get to be business leaders and become funded entrepreneurs who can then mentor and employ other Africans.
opening for trade is how a country build up. look at the modernization of japan china india. all nearly the exact path. I hope africa adapts a green city planning instead using the american city planning.
when economic exploitation hides its face as altruism
Please point out where anyone said this was altruism.
@Amir Mansa don't they need materials 🤔
@@kanaana Nope. Africans can manufacture their own
Love your pic 😆
Be careful of these foreign countries and theirs investment Remember our history and our current situations.
Well American companies will lift up Africans as a way to import them into our country to cover up the failure of us (black Americans). They should be training blk folk in the hood on tech.
@@wandiledlamini4916 will you invest ya hard earned in Africa then?
@@DawnKing bruh u fr? Stay broke rather then selling yourself to china bruhh
@@mohamedadan1553 bro what’re you saying? If someone is investing in you, does that mean you’ve sold yourself to the person???
The biggest obstacle Africa faces is it uncontrolled and exponential population growth
Africa’s Internet infrastructure isn’t amazing but growing extremely fast. Like a few years ago South Africa didn’t even have Fibre now they have fibre nearly everywhere and is still booming.
Did you know Africa still doesn't have electricity. Talk to akon.
S J Yes because I’m typing this to you on sand.
Where are you from? I'm from Morocco. Good to see a fellow African
Amine Lachkar lol South Africa. I believe Fibre is also booming in Morocco. Am I right?
@@TamimLB Oooooh South Africa? Our countries compete a lot lol. On car manufacturing, virtual reality centers(Our countries are the only ones with them), and both our countries are trying to launch 5G first.... and Yeah.... Fibre is like everywhere. Anyways hello from the other side of Africa
1. Cheap labour.
The end.
Same reason why China and India are growing. I feel sorry for them because they are getting ripped off for their technical skills.
Rick R it’s still bringing in money for Africans. It may be cheap for us but to Africans it’s like getting paid $15 an hour
Welcome to America. This is the capitalist way. If you dont like it, move to Africa.
Embarrassingly pessimistic and naive
@@justicewarrior9187 it'd be too kind to call you ignorant. Just admit it your scared of their potential.
Africans themselves ought to be securing more localized self determining sustainable, technological industries. Through homegrown creative innovations and developments.
And where's the money coming from? Not nation, let alone a continent of nations can survive without foreign investment, the big difference between the UK and nigeria. is tht american pour hundreds of billions into the UK. Take the money, build somthing, and pay it back. Then you'll be self sufficient
The western world can never let that happen, they want to keep Africa poor so that they can control our resources.
@@274Ttime no
T time ok boomer wake up the corporations are the power they want money and a developed Africa means profit.
@@danielloughran2527 which is the reason the UK is in so much debt loooool. Nigeria has a population 4, 5 times that of the UK, yet the UK is in debt almost 20 times that of Nigeria. So you have no leg to stand on, we won't be taking your suggestion anytime soon, but thank you for your time
as an African everything about this video triggers me
@Greg Glass you sound like a white person pretending to be black no black person I know sounds this stupid.
Jojo, it triggers me to but not in a good way. More of the diaspora need to go there to circumvent this madness
@@bobagucci502 lowkey agree with you
As an american make a better vid if u think this so bad
All those Nigerian princes can start their own silicone valley.
Nigerian rather flex and floss
Lmao rotf. That actually made me laugh, i heard that in eddie Murphy voice
Wrong spelling of silicone it’s silicon
I shouldn't have ignored those emails!
Yes. "Silicone" Valley. Not Silicon. LOL! Implants everywhere...
Lord my people too kind and so naïve. When will we finally learn from our history. 🤦🏾♀️
Thank you! 100%! When has a foreigner ever come here with the intention to genuinely develop anything (save for NGOs, I guess)? From what I have observed, whenever people from EU, US, whatever, say they're coming here, it's always to take, take, take! Even if they do give something, Africa and Africans are always worse off after all is said and done.
Americans are more than capable of making an impact in Africa. But, you'd find it very difficult to see an effective altruist who doesn't really care about the potential financial benefits of investing in Africa.
Those are Godly traits....they have Godly spirits❤️
History repeating itself with different players, but the same script.
tutsi, hutu
Elon Musk was born in South Africa. I thought I should leave this here.
Nkululeko Ngwenya what does that mean
@@kyellbrown it's means he was African before being American.
@@kyleiki2473 we are all African
@@kyleiki2473 Africa for black Africans and no one else.
He's an African Canadian man
Now we need to get more black people in America involved in the Tech Industry as engineers, software developers, product managers, data scientists, etc.
The good Lord will take care of all the leaches who think they could rob Africans Of their resources. Especially the the greedy disgusting chinese.They need to be aware of all the foreigners.Africa needs honest God fearing leaders.
"Simba named after the Lion King character " lol! The word Simba is a precedent to the Lion King movie. It is the swahili word for Lion. Over 150M African's speak Swahili.
Exactly, Rafiki yangu!
Cheap Labor and Natural Resources "PERIOD".
You mean CAPITALISM
Its still good for them. Cheap labour for us is a livable wage for them. Look how strong china got from cheap labour. It's a cycle that will get better
That's always been the case.
African Americans won’t let that happen.
@@newxgodzgamer8494 ????
i like the story about my continent, but as a person who speaks swahili i would like whoever narrated this to know that 'simba' means lion. We dont base our language on hollywood character names on movies
The narrator did not say your language is based on Hollywood, or The Lion King, they said that an infrastructure project, I think it was an underwater pipeline, that an American company was laying down in Africa was called Simba based on the Lion King movie. The American company named the project Simba based on what they understand, irrespective of any region’s language.
Exactly my thoughts! I was like Simba is a Lion not based on some movies. Their understanding is wrong made me laugh.
nlawson2004 thats still a misinterpretation on the editor’s part.
Tell them bro
True
Why!!! This always puzzles me, why westerns talk about Africa like it's a single country, there's more diversity in language, religion, currency, economy... In Africa that are in Europe and Asia.
How dare you say "Europe." It's not just one country you know.
@@thicknight1 are you that dumb ?
@@KhaledKimboo4 r/whoosh
Because we are uneducated regarding Africa, my friend. We have only been taught that Africa=slaves, starving people, AIDS, and Ebola.I have been shocked to see this video of a modernized Africa. I realize how ignorant I've been now.😔 Much love from Alabama, USA.
Youre right Africa is more diverse but in regards to genetic make up, ecosystems and spoken and written languages. Asia is larger than Africa, so its safe to say its more diverse than Africa with economical development, topography and climate.
Be careful and be protective when it comes to Americans in Chinese they’re probably going to take over if we’re not careful
Like dey always do.. wicked intentions
Good Lord are you beautiful ma’am.....
where tf is elon musk in this
there's like 40 seconds of him in this
Your a fan of his?
Studies show that Elon musk in titles = clickbait
@TheSushiraw South African
elon Musk has a rocket, he can fly over all Africa in less than 40 seconds
"[Facebook's] project is known as 'Simba' for the Lion King character...MEANWHILE, Google has its own plan called 'Equiano' named after the Nigerian-born abolitionist and writer who was a slave when he was a boy."
I suspect Google put a little more thought into their project's name.
They’re both trash. And marketing stunts for useless crap
Simba is a swahili word meaning lion the whole lion king thing mostly uses words n real places in kenya
😂😂
@@african1141 the whole Movie uses many Swahili words, names and places, swahili is the national language of Tanzania.
This is just made realize I need to study computer science
lol
I am studying computer science.
I think you need to study money and know how it works..
I think you need to study money and know how it works..
@@jhay_vine5083 Good luck,I hope you will start your own company once you complete
@@SAOnPoint yes, understanding how money can be used to grow more money is CRUCIAL, especially for startups
As an African, this video is so outdated and incorrect that it's so American.
Robert Martin what's an example?
African named Robert Martin ,sounds legit....
Everquest Sales have you ever in your life thought that many people don’t fit the stereotypes your media feed you with? Look at my name, you must think I’m a mexican, however I’m from India, yeah it’s not all Kumar and Patels here.
Everquest Sales ...ever heard of Liberia? Probably not, because you’re “‘Murica”....It’s an African Country invented by the US.
@@Ethiopianexposer Always blame the white man. Tell me, who was oppressing the Africans before the Europeans came? Why didn't they build their own roads and infrastructure BEFORE the Europeans came? hhhmmmmm.......
Please don't come to interfere in our elections.
Say it louder👏👏
This is re-colonization
2.0
Africa watch your
Back!
God bless you
Mother Africa. 😘
@Zerevv go do some research about us before you speak. We have a very vibrant democratic system even more transparent that he 🇺🇸. In this day and age of all kinds of frauds how can a country trust mail voting? Thats backwardness or deliberately encouraged for rigging purposes.
God bless you brother
@@charlesmungo6782 african countries are some of the most corrupt in the world
We must have our own Google now
CEOs realizing that people in Africa can buy stuff too!
*surprised Pikachu face*
1844 all over again. Its sickening.
I’m Nigerian and we’re not all about scamming. In fact of 75% of black us doctors are Nigerian. We have some really REALLY smart people in Tech as well right now...we just like to be low key about things; keep the world hearing the same narrative their comfortable with.
Loool, you mean you are a well guarded secret?
dude this comment alone qualifies as a scam lmao
I'm Nigerian, let's not act like money doesn't drive most of our people, forget black American doctors, those are the good ones and they are leaving. Nigeria is in a mess right now, corruption on every level and people are driven by money than they are by doing what is right. I know we are trying to change the narrative and only a fool will say all Nigerians are scammers, but less face facts a largely uncomfortable percentage of our youths have settled for fraud and other illegal jobs.
In other words, they're recolonizing the continent smh
Idiot
Lets keep africa poor word
@@maximilliandirnfeld2442 let's keep white people scared of African greatness word. With yo wonder bread lookin ass smh
Bite the hand that feeds you
@@maximilliandirnfeld2442 Africa feeds the entire world you dumb Neanderthal
Did he just mention "colonization 2.0"?
Yep. That’s what it looks like to me too.
Right!
🤷🏾♂️🤷🏾♂️🤷🏾♂️...
I dont get it lol do you want the infrastructure or not cuz it is not free lol the quality of life will go up. Africans need to pride themselves. Nigeria produces so many engineers ans doctors in America and I want people to think of all of Africa like they think of Nigerians
Not sure about western activity (wouldn't surprise me though), but china's definitely been engaged in some serious neo-colonialism in the continent.
I can't wait for Africa to come up. It's coming. Booming economy eventually
The African Union is also planning on introducing a single currency similar to the Euro. It would be managed by the African Central Bank (ACB) and be called something like Afro. Africa is the future.
It's the "ECO" and it's been postponed repeatedly since 2000, and the 2020 deadline is expected to be postponed again.
@@FahadShah822 the ECO is for West African countries that are part of ECOWAS, West African Union. There is a plan for a continental single currency, encompassing all of Africa. Although there's not a huge amount of information on it at this point because it's still very early days.
yeah bro, future of cheap labour. soon to be like china.
ah, zimbabwe euro, this will work out just as well.
So Africa is basically taking European ideas and trying to emulate the eu?
Anything that can contribute to African economy growth, increase local jobs and reduce its addiction on Chinese loans, is good news
@长安平安 😂😂😂😂😂😂
@长安平安 okay wu mao
@长安平安 "you should study more history if you want to know more"
Whose history?? You're telling Africans they should learn more of their own history because Chinese knows more African history than an African? 😐
@长安平安 Xi Jinping is that you
@@Art_of_Throwing 😂
When two elephants (China and US) fight (for resources) the grass suffers.
If Nigeria plays its cards right, it could become Africa's only global superpower. It already has the continent's biggest economy, a huge military budget and a fair record of regional engagement. By 2040 it will also be the fourth largest country in the world after India, China and the United States.
Source: Mail & Guardian
That China helping lie sticks out like a boil on a supermodel.
Lol, great analogy
I hate how the West use like 5 African countries to represent the whole continent. I’m Ghanaian but born in UK and a lot of companies are missing out on many untapped industries all around Africa but luckily there are initiatives to have majority of the people who get investments and contracts will be natives.
Girl 101 They look at the poor South Africans and completely ignore Cape Town beauty. Durbans tourism fun. Johannesburg massive financial access. Like Johannesburg and Pretoria are two massive cities so big and so close that they are already emerging into one really big city.
Ok firstly you are British not Ghanaian if you're born in the UK and of Ghanaian decent
WES I get it but still Ghanaian because I was born to Ghanaian parents. But I get what you mean.
They are reporting based on data.. Do you have any? Do you know the time scale of the economic data they used? Have you taken time to look into the data regarding those countries mentioned? May be you should look into it.
Cypher Yeah that’s true. They only focus on really poverty striking countries. And now that they see that Africa’s economy is growing they want to make bank. Which isn’t necessarily q bad thing but don’t paint us in a bad light and act like you’re saving us.
As for Twitter he came pretty late I mean Nigerians have been keeping that thing going for a while now.
As much as I would like for this to be the case I don’t see citizens of African countries benefiting from this at all, instead i see large corporations targeting a growing market out of their own self interest
Of course large corps will benefit, but regardless as the market in Africa grows it will be inevitable for Africans to reap the benefits. Their will be more job opportunities, more opportunities for Africans to start their own business, more access to internet, more education, etc. This all leads to development and a higher standard of living.
I like the fact that almost all images used in the background are from Nairobi , Kenya. I also don't see the reason why Africans should get mad when Africa is generalized. That's like the best thing ever.
ben kigera Are you African? Our entire continent being generalized is just awful.
@@saint-cyrmagdalene8782 Look at his second name... He clearly is African.
@@mwanikimwaniki6801 There are a lot of people born in the west with African names but know nothing of Africa.
@@martinmwenda3551 I'm awre
Hopefully Facebook doesn’t get much further. Eww.
They started the protests already in Africa.. This news was biased, zero mention of Egypts economy nearing 6.0% and one of the main top 3 economies in Africa which will be the 7th richest economy by 2030: th-cam.com/video/_YHzpxn6psk/w-d-xo.html&t=
Will this make it easier for that Nigerian Prince to send me his money? I'm tired of having to send him thousands so I can get millions. 😟
Chris Gilliam Man Stuff 😂
As we Nigerians are tired of American old dying women, who need us to send thousands to transfer their million donations to Charity groups
Omg no you didn't 😂😂😂😂
This is other side of Africa you don't see in the Media
th-cam.com/video/maGkcP7wEbI/w-d-xo.html
So we just gonna ignore “colonization 2.0” 🙄
It's not! Go see for yourself. In some countries the development that has taken place in the last ten years, is more than they have done alone in the previous fifty. Of course there are elements of financial crime, but which country in this world developed without hiccups and growing pains?
And the smirk ...
There are young people who need jobs, graduated college with degrees they are not putting to use. It is also getting more difficult for them to travel out of the continent for more opportunities. So if they can't make their bread at home or abroad, what do you want them to do? And don't try to talk about farming or starting a poultry farm because not everyone wants to live only to farm. Some people want to win in technology, some people want to invest, and some people have big dreams. Even Rwanda does business with other countries. The only thing I would suggest is that countries in Africa be more aware of who they are doing business with. But I think in this day of technology a lot more people are going to be more transparent and more aware of what's going to happen. One of the reasons why the Slave Trade happened was due to the lack of transparency. When the lights are off people tend to start doing whatever they want because no one is watching. But when the lights are on and they realize people are watching they will be very careful of how they act.
@@Ada-zg2qb completely agree whole heartedly. My concern is are they gonna give these people what their worth and not short change them when they create these jobs.
@@Derelyn Yeah I'm concerned as well. But I realize that may happen at first due to the currency exchange and the fact that some African countries are willing to get paid less just to grab the opportunity only in the beginning. I have a cousin who got hired by a French bank and they're paying him $500 a month. He's still able to pay his bills and have a good quality of life but due to the internet, he knows he can get alot more per month and use his skills to build something.
These same foreign companies did the same thing with China and India, but luckily those countries figured them out and dominated the tech industry. I wouldn't be surprised if these foreign companies are coming to Africa simply because they feel they can pay them less and influence them for the time being. So I am hoping and praying and assuming that the African countries participating in this may react the same way India and China did. If this doesn't work, then we're screwed.
I’m from Africa, I can literally see Africa changing before my eyes.
From AWS and Azure opening databases here, to houses going from tin to brick.
I see Africa soon as better than Asia.
It is about compounding, understand Compounding effect, it will help you open your eyes
Wait a second this isn't how to make
Al pastor tacos with salsa Verde
What am I doing here.....
6:55 That's a lot of tabs!
That is normal for me :|
Lmao that's nothing
I use that many tabs on the daily too 😂
I often had a few hundred tabs opened at once lol
Thankfully the add on OneTab on Firefox helped me to bring them down again from time to time without losing them😂😂
Lol... I can Feel That 😂😂😂
12:27 "We are still so early...." lol
Wow, when I went to malawi, I wanted to do business so bad. My instincts are right, time to spend more time there
Its Time for Africa
It won't be time for Africa because Africa waited too long. The AI revolution will effectively stop all development in Africa that was seen in Asia.
Waka waka
Samina mina eh eh waka waka eh eh..
@@glorymanheretosleep How will AI stop development
Myhandsspeak law iq means low education and they will over come
1800- Europeans century
1900- America century
2000- Asia century
2100- Africa century
Unlikely, there would need to be huge technological improvements very soon to overcome Africas enormous geographic issues. Especially to the extent that they rival Europe, Asia or NA
yea, the 22nd century is africa's looking at the projections
Africa is such a misunderstood continent with lots of potential. I'm looking forward to seeing them grow over the next few decades.
just love how the Nairobi skyline is shown all-through the video
China "helping" Africa?
Lol
Jason Bourne They actually are unlike the imf and America. Look at how much China has improved Rwanda and Kenya. Instead of just providing food China provides training and job skills to help the growing population so that these Africans countries can start working and trading with them more. It’s more of trust worthy business deal. Unlike American and European country cheating and destroying African and the global south
@@evano5635 China doesn't really care about Africa. They only pity them because of the plagued corruption that exists there, impoverty and their backwards way of thinking. Africa as a whole is not favored well they're more like doormats in the eyes of the world. Africa will never be a competitive player on the world stage. Ever. They will remain the weakest continent stuck in the past while the rest of the world progresses forward.
@@evano5635 what they are doing is debt trapping developing nations to blackmail their leaders into doing chinas bidding
@@Theoneandonly88able yet africa was able to grow from $600 billion in 2000 to $2.6 trillion in 2020 that's almost 5 times it's original size. For the past 20 years 6 out of 20 fastest growing economies have been in Africa. Don't worry your ignorance racist grandparents said the same about Asia in the 60s.
@@Theoneandonly88able "And time goes by so slowly, but time, can dooo soo much"
they just put in musk's name to bring viewers. On the other hand, they are also on of the ones how down play him all the time
Look I’ll be honest, I was like “Africa???” When I read the title, very interesting and thanks for broadening my mind!
We Africans should make our own things and make our OWN money not make other people who are rich richer no way.
I agree but if Africans want to accomplish that then they'll need to fight their leaders who are taking advantage of them.
Did you MFs really call our land "the dark continent"?
Kabelo Kekana but it is though 🤷🏽♂️
Did you not listen to the narration? The narrator clearly stated that was a derogatory name used during colonial times. Simmer down.
@@hmackprotection1 You shouldn't call a fat woman a fat woman.
@@kabelokekana1392 You should definitely call a fat woman a fat woman so she is aware of her problem.
@@farzana6676 so being dark is a problem..you racist... your parents should have raised a dog instead you...
Jumia failed because the world found out it wasn't really African which Isn't a bad thing but because they tried so hard to hide the fact they weren't really African, it all felt shady and made investors panic I also did.
As an African i can tell you jumia's fundamental business model was flawed, they never deliver on time (some times they would take weeks), wrong product order and awful refund policy. Plus its not even African
None of it is going to be African owned. That’s the whole catch. You think they would just do it out of the goodness of their hearts? Lol!
Ok allowing them to get into the middle class while African Americans here suffer in 3rd world hoods/homeless shelters. Make this make sense smh!
They're going to exploit
Africa being known as the dark continent is honestly news to me
Well those were the European/American favourite words describing Africa and now suddenly the same nations are the ones behind the tail of China in Africa.
@class-A tow yeah okay so when Im in history class and I learn about slavery every Caucasian just pretended like that wasn't the title of Africa.. people be so delusional own your past 😒
Imagine a solar powered starlink transceiver relaying to wifi/4g... internet EV E RYWHERE
PieCrusher it wouldn’t relay to 4G, it is incompatible. You’re more likely to see the proliferation of cheap modems that connect to the Starlink system. Most could simply attach them to the top of their buildings to receive signal. The Starlink system works with base stations here on the ground at approximately 17 to 20Gbps.
@@hantzleyaudate7697 The 4G telecom providers, instead of signing agreements with tier 1 ISPs that control undersea fiber lines & paying them hefty access fees, can get their internet from Starlink, which would then be distributed locally via 4G in cities the operators provide service in.
As for direct to consumer it'd be a little costly for a single household so many local ISPs will prop up working on bandwidth share basis.
Starlink sucks compared to the speeds we currently have in the US
Dont speak to much. The government loves free ideas. Cheap workers, dont know they are;). Subscribe to my page. Do n t tell the government. They want my bacon.
Big tech: how do I take advantage of poor and uneducated people in order to make a profit? Africa!
Africa poor? well maybe some of us are just like any other continent!!! but Africans uneducated? Of course not!!!!!!!!!!!! check out the most educated immigrant groups in the US. it's Africans...................
@@littlegenius6932 Well China isn't stupid so there are plenty of debt traps they can plant around Africa and even the smart African countries are falling for it.
3:41 china "helping" ? lmaoooooooooo
*Exploitation of their natural resources and cheap labour force*
Saved you 13 min.
If companies didnt go to Africa, they wouldnt come out that fast out of poverty. Its a too simplistic way of seeing things. I bet you they are paid more by these companies than those from African businesses, if they didnt why should they work for them. And pf course they are paid less than in your wealthy country, living expenses are different in every country. Nothing is perfect and there will always be some company doing bad stuff, but overall, these companies are lifting a lot of people out of poverty.
Riiiiight, lets just ignore that tech start-ups are booming, harbors are being built, and trade routes extended. Lets just pretend that the whole world wants to enslave africa.
@@acidtears Yes all those things are being built on Chinese loans by Chinese workers and what do China get in return? Natural resources, infrastructure, mines, etc.
@@acidtears Don't twist my words. I said *exploit*. Not enslave. Do you think capitalist from the west or China are going to Africa because they are kind hearted people? They are ruthless businessmen trying to become millionaires and billionaires and trillionaires. Africa can develop on its own, if it were to build the right infrastructure, tackle some core problems and build strong institutes. IF the west really wanted to help Africa develop, they'd help them with that, they'd teach African to fish, instead of offering them a fish meal for a day.
This belief that Africa needs “help” is just ridiculous. Africa needs to be left alone to develop however each country decides, the same as all these western nations did. The “help” has done nothing but under-develop Africa and enrich everyone else. Utterly ridiculous. The stories of altruism & “complexity” that they tell themselves are nothing more than attempts to hide the truth. Sick of it.
They're all growing fast I bet they could sell a lot of tech there, and they don't have to deal with all the legacy technology there either.
God bless Africa.. God bless mother Ghana
Most of the drone footage is of Nairobi city skylines in Kenya. Yet it is not mentioned once in the video. 👀🤔....
Bana hadi mm ndio nashindwa 🤔🤔🤔
Most African entrepreneurs are not natives but immigrants from India, China etc
Axe M. the cell phone that is said to be a first African phone, is actually a company owned by Asians.
The same way as all entrepreneurs in China and India are not natives
@@kingrazakusher2837
I doubt that.
@@axem.8338 Well your opinion has no importance.. Keep staying in your doubt
@@kingrazakusher2837
Neither yours matter so go on.
Coca Cola stuck around in chaos when most cooperate disappeared
They do nothing
Bake don't break make sure put extra butter on yourself lol 🤣👍
Never mind economic growth,we have the fastest growing civil society in the world.
We are going to change how the world is run.
“The Dark Content”.. 😂🤣😂🤣.. I’m assuming He meant “The Dark Continent”...
Why is Kenya 🇰🇪 not on the list😞, which is funny coz most photos, you guys are using in this i documentary are from @Nairobi #Kenya...😳...anyway bigups
They are reporting based on data.. Do you have any? Do you know the time scale of the economic data they have used? Have you taken time to look into the data regarding those countries mentioned? May be you should look into it.
Well it's Africa. Who will know the difference? Lol
Kenya is already developed. They're featuring up and coming markets.
@@mieldoux308I was being sarcastic.
Kenya needs to keep up. They have been more developed then other countries in Africa BUT other countries are really improving. Ethiopia for exp
That’s all the African continent needs is consistent clean energy, roadway/interstate system, consistent government, and Westernized residential neighborhoods and stores. Many Americans are READY to relocate to both Africa and Canada.
South Africa 🇿🇦♥❤🙌
China built the infrastructures. US companies monetize them. Same in China in the 90s.
Because they have a big potential in growth.
Any update on this?
GOD PLEASE PROTECT THIS LAND FROM THE GREEDY.
In Jesus Name
Yes lord ,
They are coming back oh jesus help us.
African can build africa, if we can unite.
You do realize the greedy ones first came here in Jesus' name, right?
Yes I can’t wait to see Africa become the number one continent Africa and the people deserve it
If you think Africa will become the 1st continent this way then you are dream.
Wait Elion is from South Africa.
Hes from Africa but moved to Canada then to US coz he really wants to push in the US, and now it's tesla and the boring company
@@lenchenes and spacex
He left South Africa for better opportunities elsewhere. Then the rest of his family followed. South Africa is a dangerous place. It used to be talked about as the S in BRICS, countries that were destined for middle income status. Not so much anymore.
@@dlewis8405 The United States is more dangerous and corrupt than South-Africa. And racist.
@@dwaineleso5127 Bruh, the south Africa is still one of the
most segregated, unbalanced and violent countries in the world with statistics backing that up.How is that racist?
If there is anything i learned here inthe states is nothing comes free everything has price
Eduardo Perez cheap labor.
Philippines is here 💖 wow thanks
Nairobi 🇰🇪 🇰🇪 🇰🇪 😊😊😊
Feel awful that Mpesa was not mentioned under payments section
@@deewinc I think we have more innovations than Mpesa
@@unlockwithjsr ~ yes we do but Mpesa is global. No other innovation from Kenya comes that close.
Saw the backdrop of Nairobi as well
@@MainaGakere they kept showing nairobi and capetown
It's a shame that Africa is so Mismanaged, with that much man power and resources they should be far wealthier (yes I know there are anomalies like Mauritius and Botswana) so I hope that this COULD be the start of a new era. Rawanda represents what a stable African continent could be.
Then again companies will be companies, so let's see...
@@TamimLB who do you think funds and runs those illegal operations ? It's mostly corrupt politicians.
Rishikesh Ramjith yes but it’s the fact that those companies would use these people like that. “Never make a peasant a king”
They likely would be far better off had not they had the west’s boot on their throat for the past 300 years.
Botswana honestly just has a government which are too scared to think of new ideas. And their citizens are dumb for voting for such a bland government
It’s like spraying trash with fabreeze. There is zero infrastructure. That should be the number priority. Fixing the transportation system and solving the energy and power issues should be the number one focus.
Thanks for posting.
Mpesa is coming soon to a shop near you, Nigeria 😂
He literally said ...”it would be easy to paint a picture of colonization 2.0, but the reality is we’re still so early...” at 12:22. Hmm...
When you have a colony, you are creating market that only you can serve, while you are banning everybody else from your “playground”. Basically you are monopoly, so you can have whatever prices that suits you because there is no other company that would compete with you. When he says that comment, it means it isn’t in that stage yet, because as you can see in the video half of continent doesn’t have access to electricity, and Facebook can’t sell you ads if you don’t have electricity, since you can’t access their platform. So as it is now, everybody is in building stage, building roads, cables, ports, to create infrastructure. And THEN when corporations will probably corner their markets, we can talk about colonialism, but since that didn’t happen yet, it’s pretty valid response on his part.
Simply put.
Facebook building internet infrastructure in Africa. Not a colonialism.
Facebook banning all competition on “their” internet so people in that area can only buy online services from them. That would be colonialism 2.0
People can be wary. That’s OK. But complaining about colonialism before colonialism actually happens seems disingenuous.
@@stafer3 I hear what you said and I understand that aspect of it. However, the word colonization doesn't equate to good. History has shown that colonization in Africa was horrendous, whites capitalizing off the land and backs of the natives. This is what they're trying to do AGAIN...sure they worded some things differently, but in the end, its CHEAP LABOR.
@@XCocoaCutieX You are saying it as if currently people all around Africa have high salaries, and then these tech companies will come and lower everyone’s salary and make them cheap labor. Which is direct opposite of what will happen. They will offer highest salaries in their respective local regions and push all other local companies to compete and make higher salaries as well. They can’t offer lower salaries than people already have, because nobody would work for them in that case.
I don’t understand this criticism of cheap labor. I would understand if people in America who will lose jobs since they will be replaced by cheaper labor in Africa, would criticize this. But from perspective of Africans, their salaries can only go up in this arrangement.
stafer3 the cost of living will rise as well, and if they lock you in these cheap salaries, if you don’t fight now, you’ll find the wealth gap will skyrocket and soon, you’ll be priced out of your own land. They’ll import their own labor for the high paying positions, build their own neighborhoods and “tech cities”, and if you don’t step in now, I promise it will not be for your benefit in the end. 🥺☹️
thats what they said when my country left the ussr, 30 years later we still live in poverty
Which country ?
Bulgaria, but we don't live in poverty. Bulgaria is actually quite rich, but since a big portion of the economy is in the gray sector (not legal, not illegal, not taxed, not documented) and the corruption, it seems as if we are poor. Yes, rural areas are dying, but that's happening in all of Europe. It's just a drawback of the European Union. Big cities benefit, Sofia has a great IT sector, many people prefer working in Bulgaria than Germany since the buying power of Lev is just higher than the Euro in Germany for example. Small villages don't contribute to global economics and they are dying. Some people aren't ok with this, I'm ok with it. The only people that live in poverty are those with the soviet mindset. Those who think the country will solve their problems and that they don't need to address them. We have our problems, but in no way, it is as bad as "everyone living in poverty".
Where are you living? Beside Belarus and russia I have seen growth in all western warsaw-pact nations. From Estonia to Bulgaria.
@social It was no poverty in Soviet Union you moron !!!
This was a well produced video from CNBC , there are some generalizations but the honest truth is Africa is ready for investment and leadership. As a Zimbabwean born Canadian, I spend most of my time in SADC region and the opportunities are amazing. Good luck to those that a brave to invest.
This makes me want to cry.. First time they are not talking about poverty and starving children.. #Ghana🙏🏾 thanks Wode Maya.. Your work is paying off!