“If you want to become extremely wealthy over the next five years, and you have a basic grasp of technology, here’s a no-brainer: move to Africa.”
The quote comes from a recent and truly interesting Wired article by David Rowan.
It is not just the ‘million & trillion dollar aspect’ that I like about the article, no, what I really fancy is the way Rowan portraits how Africa is transforming in a way no-one thought possible 20 years ago. Rowan even compares the situation in Africa with the dot-com era back in 1995 (in this connection; I really hope businesses establishing here have learned their lesson and know when enough is enough).
Yes, I fully agree with Rowan in his view-point on Africa today and tomorrow, which is also why I did not agree with Mfonobong, in his Forbes article, when he puts forward that all the good intentions that exist in Africa will never see light of day because a lack of seed finance.
Finance WILL come as things develop (this is a no-brainer in my universe)! Just take the Helios Investment Partners $900 million fund that I wrote about back in July. Helios is for sure paving the road for investors targeting earlier in a business’ cycle and not just focusing on grand scale, proven businesses within mining, brewing, etc.
We are doing our part to make this a reality, as we think it fits very well with the South-South model we are planning to introduce. A short update on this: we have finalized the concept paper which is now being circulated in order to raise the funds to build the platform.
I encourage you to read the Wired article as I think it gives a good picture of what the MYC4 team is seeing and is introducing at your fingertip… bit by bit!
Let me end with a grand quote from Rowan (well done!!): “…you know it’s time to abandon our traditional assumptions.”