WEBVTT 00:07.010 --> 00:07.100 Oh. 00:13.860 --> 00:16.850 Or The two to. 00:17.370 --> 00:18.360 Ten. Minutes. 00:21.130 --> 00:22.290 Remain very optimistic. 00:22.940 --> 00:23.860 Two years dancing. 00:25.370 --> 00:26.340 The tensions that. 00:28.070 --> 00:30.210 Seek as much as to me to. Be. 00:33.410 --> 00:34.690 Efficent might as well. 00:35.450 --> 00:39.620 Yeah I see the effort. Ooh.. Ooh. 00:40.220 --> 00:46.820 Ooh. Piece of my house. 00:47.340 --> 00:48.540 And symptoms of consumption. 00:49.670 --> 00:50.880 Just a has continued. 00:51.830 --> 00:54.090 Posted 10 fastest growing. Economies. 00:55.760 --> 00:58.580 I was that the expected like 20 team. 00:59.850 --> 01:03.520 In the demographics of consumption are extra money from dying for. 01:04.110 --> 01:06.370 Has and will cost now there's luncheon coming. 01:07.220 --> 01:10.660 The two women and their Tuesdays this is the mud and the key 01:10.660 --> 01:13.000 west businesses to invest in africa. 01:13.540 --> 01:17.170 In running around in a lot about cutting main use of pesticide 01:17.170 --> 01:21.410 and business and what a This is the mums to which hot bishops 01:21.660 --> 01:26.380 we gotta quants that's in the world last year's export vehicles 01:26.380 --> 01:28.000 150 countries around. 01:28.730 --> 01:32.680 This is the money to build infrastructure physical and just. 01:33.300 --> 01:37.070 Me and this can make him to commit the stuff can weaken this 01:37.070 --> 01:38.450 is the most believes. 01:39.510 --> 01:43.830 Set too low to cause pasted a team is taking to instantly to. 01:44.680 --> 01:47.770 Time close to a much wanted to contain. 01:49.660 --> 01:49.940 Uh.. And 01:51.500 --> 01:56.920 And Companies that I did. 01:57.710 --> 01:58.680 The women seemed.. To. 01:59.440 --> 02:03.830 To. This is.. Yeah. 02:06.890 --> 02:21.430 Yeah. Ladies and gentlemen please. Welcome found that the boom 02:21.430 --> 02:27.500 that L P and Bloombacks the land for peace and 108 man field 02:27.500 --> 02:31.010 safety the on local michael up things. That. 02:42.350 --> 02:43.450 Good morning everyone. 02:44.340 --> 02:45.800 I don't hear you get more named. 02:46.910 --> 02:50.170 That and thank you for joining all of us and I didn't wanna especially 02:50.230 --> 02:54.570 bank president obama and commerce secretary penny pricks carefree 02:54.570 --> 02:57.620 teaming up with our foundation lumbered format that they used 02:57.940 --> 03:00.280 to host this groundbreaking event. 03:01.050 --> 03:05.810 With over 200 corporations and 50 African countries represented 03:05.810 --> 03:09.270 here for this gathering really does representing new approach 03:09.270 --> 03:15.070 to economic development in africa and That in us African relations. 03:15.850 --> 03:20.270 Since the donna's Africa's independence. Mover movement america's 03:20.270 --> 03:24.290 relationship with the kayak men has centered on foreign aid and 03:24.290 --> 03:27.450 the work of international institutions particularly the world 03:27.450 --> 03:28.660 bank and the us. 03:29.350 --> 03:32.850 That part of our relationship still is vitally important. 03:33.300 --> 03:37.400 But africa has now developed into a global economic force and 03:37.400 --> 03:41.640 so our relationship must the balls and machu work and that is 03:41.640 --> 03:46.640 the purpose of this forum to recast our relationship as a full 03:46.790 --> 03:49.870 equal and advanced economic partnership. 03:50.410 --> 03:54.180 A partnership that holes as much promise for African countries 03:54.210 --> 03:55.980 as it does for america. 03:56.740 --> 04:00.360 We have the people in this room to make that partnership a success 04:00.780 --> 04:04.740 so to start off the morning. I would like to invite all of you 04:04.890 --> 04:08.870 to take a few seconds to introduce yourself to the person next 04:08.870 --> 04:11.650 to you or someone who have not met. Yet. 04:39.370 --> 04:42.790 But we can go on with this this is doing exactly. What we wanna. Go. 04:50.270 --> 04:51.360 As we all. Know. 04:55.250 --> 05:00.410 As we all know whether it's in our families or our businesses 05:00.410 --> 05:04.350 were countries relationships. I what matters and that's the whole 05:04.350 --> 05:08.360 idea here today to get to know each other to develop contacts 05:08.360 --> 05:12.240 and to show why mutual respect. One another and thank you a a 05:12.240 --> 05:15.600 thank-you load really there's a lot to talk about and they will 05:15.600 --> 05:19.410 be more opportunities to continue our conversations. There is 05:19.410 --> 05:23.670 some much to discuss because africa is today's biggest market 05:23.670 --> 05:25.610 opportunity in the global economy. 05:26.180 --> 05:29.500 And if you think I'm paying just look at the numbers africa is 05:29.500 --> 05:34.800 expected to reach a 5% overall growth rate in 20 15 it boasts 05:34.800 --> 05:38.720 six of the world's 10 fastest growing economies it. Right. 05:38.720 --> 05:42.660 This is more than 400 thousand new companies in the last year 05:42.660 --> 05:47.380 all won't and it's middle class workers last is a the fastest 05:47.380 --> 05:52.280 growing in the world for the fact is africa is no longer merging. 05:52.510 --> 05:54.210 He's here now. 05:55.040 --> 05:59.160 Has africa begins a new stage it in its journey we in america 05:59.160 --> 06:01.150 I want to walk buying its side. 06:01.660 --> 06:04.240 But also realize that we have some catching up to do. 06:04.800 --> 06:08.750 Foreign investment in africa has reached record highs. But that 06:08.750 --> 06:13.450 the United States is being driven more by its own domestic policies 06:13.670 --> 06:17.920 and we are letting it europe and china go faster than the us 06:18.210 --> 06:21.580 and Wal-Mart exports to the cotton that are better record height. 06:21.900 --> 06:26.800 It's also true that only 2% of our total exports go to africa 06:27.170 --> 06:30.090 and that means that we're missing out on a major opportunity 06:30.090 --> 06:32.120 to create jobs here at home. 06:32.900 --> 06:36.230 In amount that there is a disconnect between the reality of the 06:36.230 --> 06:40.440 African market and the perception of the African market and this 06:40.440 --> 06:42.580 conference is aimed at fixing map. 06:43.370 --> 06:47.140 Countries and companies that ignore the African market do. 06:47.140 --> 06:50.030 So what their um power a and they will be coming through that 06:50.030 --> 06:54.070 become increasingly true with each passing year. It's the business 06:54.070 --> 06:57.690 that I I'm Bloomberg al Qaeda has offices in six countries in 06:57.690 --> 07:01.650 africa eight cities employing more than a hundred and 60 people 07:01.650 --> 07:05.180 including more than a hundred and 20 full time and free lance 07:05.180 --> 07:08.720 journalist and we are growing there. In fact the first business 07:08.720 --> 07:12.690 trip that I took after leaving office in january was to south 07:12.690 --> 07:17.230 africa to help expand our offices both in Cape town and job where 07:17.280 --> 07:17.750 job or. 07:18.510 --> 07:21.830 While I was there we also launched a time many and alan training 07:21.830 --> 07:25.390 program to increase financial reporting on the continent and 07:25.390 --> 07:28.040 help make African markets more transparent. 07:28.630 --> 07:32.860 We work closely with African financial institutions private companies 07:32.890 --> 07:37.530 and central bankers to help them maximize efficiency mitigate 07:37.530 --> 07:42.090 risk and increase capital flows and that not only helps the local 07:42.090 --> 07:46.070 financial markets. It also helps attract more foreign investment. 07:46.820 --> 07:50.280 By foundation has also been investing in africa for years. 07:50.590 --> 07:53.230 We didn't just start helping africa. We've been doing it for 07:53.230 --> 07:56.890 a long time because the research is clear that perhaps the best 07:56.940 --> 08:00.750 single and batsmen you can make to spur economic development 08:01.080 --> 08:05.150 used to improve public health in zambia for instance we're working 08:05.150 --> 08:10.200 to stop the spread of malaria in Tanzania Senegal Uganda and 08:10.200 --> 08:14.550 of Burkina Faso. We're helping to prevent maternal deaths and 08:14.550 --> 08:18.340 in 34 countries were fighting to reduce the deadly scourge of 08:18.340 --> 08:23.460 tobacco use all of those efforts are saving lives. And also supporting 08:23.490 --> 08:27.730 economic development because the healthier a society is the more 08:27.730 --> 08:31.790 productive productivity is and the greater its potential for roads. 08:32.380 --> 08:35.480 Were also working to create jobs through training programs and 08:35.480 --> 08:39.890 we're one death and the democratic republic of Congo president 08:39.960 --> 08:43.670 fall and and ah many of their windup and president joseph can 08:43.670 --> 08:47.130 be a lot of the due to the democratic republic of the Congo of 08:47.130 --> 08:51.530 boasts here today and boast have been leaders in promoting sustainable 08:51.530 --> 08:55.540 farming and to support that work we provide the resources and 08:55.540 --> 08:59.850 training to help women create independent cosy Simon businesses 09:00.190 --> 09:03.920 more than a hundred and 8000 women have benefited from this programs 09:03.920 --> 09:08.230 so far and if you had a cup of coffee this morning you were benefiting 09:08.230 --> 09:12.370 from it to matthew didn't get much sleep less might have a second cup. 09:13.930 --> 09:16.690 In a decades ahead that I don't think there's any women to the 09:16.690 --> 09:18.430 progress that africa can make. 09:18.990 --> 09:22.510 A mansion from moment an African labor force that will so caste 09:22.540 --> 09:25.590 Indians and triple the size of Europe's. 09:26.180 --> 09:31.020 Imagined and africa where extreme poverty as we know it is virtually eliminated. 09:31.580 --> 09:36.170 We're a consumer class was rising incomes has greater purchasing power. 09:36.630 --> 09:40.690 We're broadband access statues from Cairo to Cape town and all 09:40.690 --> 09:41.920 points in between. 09:42.530 --> 09:46.170 With climate change policies that protect Africa's coastal cities 09:46.170 --> 09:49.360 and farmlands go hand in hand with economic rose. 09:49.940 --> 09:53.500 And with people from around the world want to live and work to 09:53.500 --> 09:57.880 experience Africa's natural beauty diverse cultures and talents 09:57.880 --> 09:58.600 inside it. 09:59.150 --> 10:03.070 That is the africa that Africans want with your children and 10:03.070 --> 10:06.510 their children's children and as the africa that all of us can 10:06.510 --> 10:09.110 help bring to life. If we seize the moment. 10:10.240 --> 10:13.280 Based on the incredible and in she in this Rome. I've never them 10:13.280 --> 10:17.320 more optimistic about Africa's future. And I know that president 10:17.320 --> 10:20.030 obama and secretary fritz to feel the same way. 10:20.620 --> 10:23.510 The secretary does or as an enormous amount of credit for for 10:23.510 --> 10:26.830 leadership and polling this conference together and it is now 10:26.860 --> 10:31.060 what my pleasure to turn the for overture her secretary for its one.. He. 10:43.480 --> 10:47.420 He. Thank you. 10:48.530 --> 10:52.080 The morning and welcome to the heads of state and leaders of 10:52.080 --> 10:55.890 businesses here with test today and thank you michael brian Burke 10:55.890 --> 10:59.280 for your of leadership and thank you to Lombard phalange apiece 10:59.280 --> 11:03.080 for your partnership and organizing this foreign I also wanted 11:03.080 --> 11:07.080 knowledge my deputy chief just asks the a look calmed to played 11:07.120 --> 11:10.600 that we raul on behalf of the department of commerce in putting 11:10.600 --> 11:12.600 together this extraordinary is that. 11:13.520 --> 11:16.240 I don't know michael Bloomberg for over a decade. 11:17.070 --> 11:20.690 He's been of great stores of weir's down and advice to me. 11:21.230 --> 11:24.750 And i've admired the way. He led new york city the way she's 11:24.750 --> 11:28.900 rhyme his businesses and the way she's committed to south and 11:28.900 --> 11:31.890 his organization to africa and its people. 11:33.350 --> 11:36.760 It's always a great pleasure to work with him and it's part of 11:36.760 --> 11:41.410 the largest gathering of African heads of state ever hosted by 11:41.410 --> 11:45.500 an American present we I'm most excited to welcome new to this 11:45.530 --> 11:50.140 store of that bringing together a remarkable number as yellows 11:50.350 --> 11:53.300 to discuss business opportunities in africa. 11:54.410 --> 11:58.150 Last year president obama traveled to the university of Cape 11:58.180 --> 12:03.680 town to usher in a new chapter of the U.S. of africa relationship. 12:04.470 --> 12:09.430 He called on students there allow with leaders from the 54 distinct 12:09.460 --> 12:13.450 countries of the African union and leaders from the United States 12:13.730 --> 12:18.810 twang grace key tenets of he is the mission for our alliance 12:19.180 --> 12:23.670 to advance progress in democratic institutions to strengthen 12:23.670 --> 12:27.800 peace and prosperity twin kurdish opportunity and about. 12:28.400 --> 12:35.650 A hand to spur economic gras trade and invest the As a maynard 12:35.650 --> 12:40.020 is chief commercial officer. I feel strongly that this last feel 12:40.020 --> 12:45.380 or the us of africa economic relationship is fundamental to our 12:45.380 --> 12:47.680 mutual peace and prosperity. 12:48.710 --> 12:54.000 We know that this is sister se keeper age between our confidence 12:54.240 --> 12:58.120 but we also share the conviction that the Thai said commerce 12:58.410 --> 13:02.580 can be stronger deeper and more lasting. 13:03.440 --> 13:06.940 When I lead a trade mission to nigeria and Ghana at this past 13:06.940 --> 13:11.780 may i've heard of variation of this message from public and private 13:11.780 --> 13:13.430 sector leaders alike. 13:14.220 --> 13:18.060 The you was africa commercial partnership uses band shell. 13:18.840 --> 13:22.970 And the time to do business in africa is no longer five years 13:22.970 --> 13:26.380 away the time to do business. There is now. 13:27.330 --> 13:31.280 To date on both sides of the Atlantic there are stuck klee or 13:31.480 --> 13:36.460 mutual desire to deepen our ties of trade and investment because 13:36.520 --> 13:41.580 doing so was for growth across the United States and the countries 13:41.580 --> 13:42.370 of africa. 13:43.140 --> 13:47.120 Investing in africa will create jobs in Charlotte north carolina 13:47.500 --> 13:51.040 in and it's the ham the power supply ain't gonna because of a 13:51.040 --> 13:55.190 hundred and 75 million dollar deal signed by sea W. Dad. 13:55.190 --> 14:00.330 You energy to operate a cries electricity grid ado rack to us 14:00.330 --> 14:02.100 all to our recent trade mission. 14:02.810 --> 14:07.530 Investing in africa was so poor workers in california and strengthen 14:07.530 --> 14:11.870 my house to patients in nigeria because of the family use signed 14:11.900 --> 14:16.150 fight environmental Cameco corporation to construct the state 14:16.180 --> 14:19.700 of the art cancer institute in cuba dime. 14:20.370 --> 14:24.700 Investing in African was for job growth since Cincinnati through 14:24.700 --> 14:29.560 procter and gamble's 300 million dollar investment in a new manufacturing 14:29.560 --> 14:33.880 plant near lake doubts because one p.m. sheets fans in nigeria 14:34.020 --> 14:37.820 and elsewhere. It supports thousands of jobs at home. 14:38.760 --> 14:43.210 Piece diaz and investment demonstrate that the time is right 14:43.500 --> 14:48.340 to work together as partners in a spirit of mutual understanding 14:48.420 --> 14:53.140 and respect to raise living standards in all of our nations and 14:53.140 --> 14:57.820 to address the challenges that impede our ability to devout closer 14:57.850 --> 14:59.260 economic arms. 15:00.100 --> 15:04.400 Make no mistake our economic and commercial partnership is a 15:04.400 --> 15:09.140 two way Street going to answer misses exports from the United 15:09.140 --> 15:14.810 States to African markets support roughly 200 and 50000 jobs 15:15.070 --> 15:15.990 here at home. 15:17.010 --> 15:21.120 As africa is a middle class continues to X thing and we hope 15:21.120 --> 15:23.490 to see our export numbers grow too. 15:24.230 --> 15:28.690 And through so let us say the administration is actively encouraging 15:28.720 --> 15:33.500 African companies to increase their presence here in the United States. 15:34.120 --> 15:39.440 Closer economic ties and rising to me and create ian bowl opportunities 15:39.440 --> 15:45.060 for businesses in the United States and africa to build new partnerships 15:45.270 --> 15:49.930 reach new markets and support new Johnson me years to come. 15:51.230 --> 15:55.420 With each passing day our commercial connections are deepening 15:55.740 --> 15:59.950 are this is the app by I'm sorry increasing and our trade partnership 16:00.080 --> 16:05.820 is the chair and Yet we have only just the dime to scratch the surface. 16:06.740 --> 16:09.850 No mom I and the department of commerce are ready to write the 16:09.850 --> 16:14.580 first pages of the new chapter of our relationship by taking 16:14.580 --> 16:16.720 our alliance to the next clout. 16:17.510 --> 16:21.590 To imbibing ups the president's vision for africa. We're standing 16:21.630 --> 16:26.280 are form commercials service pressed. These are our economic 16:26.320 --> 16:30.910 diplomats on the ground in country that held the American this 16:31.020 --> 16:35.640 season navigate each African market. We're doubling the number 16:35.640 --> 16:41.050 of commercial offices in africa with new sites in Angola Ethiopia 16:41.300 --> 16:43.380 Mozambique and Tanzania. 16:43.960 --> 16:49.220 We're standing offices. You gotta candy up libya and morocco. 16:49.820 --> 16:53.760 And we're returning a foreign commercial service presents to 16:53.760 --> 16:57.660 the African development bank for the first time in three years. 16:58.570 --> 17:02.720 The department of commerce Oman was our partners at the us trading 17:02.750 --> 17:06.140 and about ninty agency is to date announcing. 17:06.720 --> 17:11.660 Ten new trade missions to africa and tanned reversed trade missions 17:11.660 --> 17:14.030 to the United States by 20 twenty. 17:14.810 --> 17:19.100 Our national institute of standards and technology is launching 17:19.340 --> 17:24.170 the global cities teams chain our inch to Craig teens that cities 17:24.170 --> 17:28.340 in innovators working to gather on issues like you're probably 17:28.570 --> 17:33.950 resource management healthcare delivery and modern energy reacts 17:34.140 --> 17:38.620 to utilize the best technology to Del march cities. 17:39.370 --> 17:44.330 And to come out us industry engagement in africa. We have created 17:44.330 --> 17:46.890 a one stop shop where Puerto. 17:47.570 --> 17:52.570 Trade died got sliced deed the guy a think doing business in africa. 17:53.350 --> 17:57.860 We're American basis as can learn about African markets fine 17:57.860 --> 18:03.450 financing tools and discover potential projects contacts and 18:03.450 --> 18:08.200 resources we want to make doing business in africa it easier 18:08.200 --> 18:10.090 for every American company. 18:11.440 --> 18:15.800 This is the moment of opportunity a decade from now we will look 18:15.890 --> 18:18.770 back at this moment as a starter something important. 18:19.280 --> 18:24.130 For see and missed opportunity to choices up to all of us gathered 18:24.130 --> 18:24.950 here today. 18:26.220 --> 18:30.810 Today's agenda features conversations on financing and development. 18:31.340 --> 18:35.780 Energy and infrastructure good data man and public private partnership 18:36.240 --> 18:39.490 all meant to highlight the choices for for us. 18:40.040 --> 18:44.120 To store some armed with spot like successful business models 18:44.400 --> 18:48.580 in on TV you'll with a chance to explore new partnerships new 18:48.580 --> 18:52.820 relationships with colleagues on the other side of the Atlantic. 18:53.390 --> 18:57.580 This is gathering marks only the beginning a catalyst for each 18:57.580 --> 19:01.750 of us to pursue new deals and new investments as we've got the 19:01.750 --> 19:05.570 next day. So the partnership between the United States and africa. 19:06.480 --> 19:10.150 One of the highlights of my trade mission to africa this spring 19:10.430 --> 19:14.560 was visiting the melt wider entrepreneurial school of technology 19:14.590 --> 19:20.070 in Ghana where you know me innovators received. It training mentorship 19:20.420 --> 19:25.180 and guidance needed to take their ideas and turn them into buying 19:25.210 --> 19:31.260 more kisses the scene trapping yang Africans want to learn how 19:31.260 --> 19:35.610 to the riding enterprises if they get access to capital there 19:35.610 --> 19:37.880 would be no limit to their potential. 19:38.490 --> 19:43.390 With this feat of technology today and the global reach of communication 19:43.750 --> 19:47.790 feats onto printers can build their businesses using all only 19:47.790 --> 19:51.420 itself on the other products around the world. 19:52.310 --> 19:55.870 In a young person with a good idea can bring their products to 19:55.870 --> 19:56.870 the rest of the go up. 19:57.520 --> 20:02.400 At melt wider. I witnessed what the future of Ghana and the entire 20:02.400 --> 20:06.570 continent of africa will look like yves sweet do everything. 20:06.570 --> 20:11.300 We can to support them. I interpret norris and continued to build 20:11.460 --> 20:13.120 lasting partnerships. 20:13.640 --> 20:18.380 These aspiring actor per norris. I'm living proof of what robert 20:18.410 --> 20:23.080 F Kennedy describe nearly 50 years ago at the university of Cape town. 20:23.630 --> 20:26.650 There were said represent ripples of how. 20:27.170 --> 20:32.670 In deet every onto prig nor in Ghana nigeria and go all out or 20:32.700 --> 20:37.320 elsewhere who starts a business and embrace a new why dear represents 20:37.320 --> 20:40.600 or with the love how for the prosperity of the community. 20:41.580 --> 20:46.120 Every student in the rock out Ethiopia or elsewhere who are is 20:46.120 --> 20:50.740 injured greed and join. So workforce represents a ripple of hope 20:50.740 --> 20:55.110 for the future of the family every basis owner in Mozambique 20:55.140 --> 20:59.300 can no are elsewhere who does not it's to reach a new customers 20:59.300 --> 21:03.720 by exporting more goods represents are ripples hope for the groans 21:03.990 --> 21:08.340 of the country and every African leader who embraces greater 21:08.340 --> 21:13.350 transparency and market access speeds. There's a surprise disease 21:13.380 --> 21:18.260 and roots out corruption rapper sensor room a riddle of how for 21:18.260 --> 21:23.130 greater prosperity for their people and for hours searching. 21:23.160 --> 21:26.780 Yeah they're these ripples of how will form a term wrench of 21:26.780 --> 21:31.590 current debt and this out all of last on a wave of opportunity. 21:32.210 --> 21:36.690 This is our nation today to work to gather term. I'll promote 21:37.090 --> 21:41.840 the future of shared prosperity for both the United States and 21:41.840 --> 21:43.160 the nations of africa. 21:43.700 --> 21:48.250 As fake man golf. Great one of the men dollop fellows told other 21:48.310 --> 21:53.700 non African leaders and prop president obama jes says tasks week 21:53.900 --> 21:54.710 and I quote. 21:55.500 --> 22:01.290 Africa is no longer a sleeping giant but is awake and all planned 22:01.320 --> 22:02.270 for basis. 22:02.830 --> 22:06.890 With the leadership in this around we will keep the west africa 22:06.940 --> 22:11.990 economic partnership open for more growth and success we will 22:11.990 --> 22:14.620 keep the United States and africa. 22:15.140 --> 22:20.130 Open for business you weren't this. Thank you very much and try 22:20.130 --> 22:20.510 to. Get. 22:42.000 --> 22:45.880 In this lesson that I see in between successful investments in 22:45.880 --> 22:49.790 successful business partnerships is a people believe that people 22:49.790 --> 22:51.490 on the ground to make decisions. 22:52.580 --> 22:53.930 The goal is written. 22:55.820 --> 23:01.280 He is to women and that's the show the And tim thomas and good 23:01.340 --> 23:04.510 teams and taking time to just two years. 23:05.180 --> 23:06.010 And in nigeria. 23:06.570 --> 23:09.090 Once people love with expenses tinsel. 23:09.680 --> 23:13.420 The action and to into a mission supports in government policies 23:13.420 --> 23:15.540 accretion time that produce assistant that. 23:16.160 --> 23:19.520 Just waiting to talk and we can just go and really it's more 23:19.580 --> 23:23.570 than that which governments are for him and asked them and about that. 23:24.260 --> 23:26.960 It was sold to Uganda this much. I would like to. Do. 23:31.550 --> 23:34.800 African businesses are looking to next to teach some solutions 23:34.800 --> 23:36.620 that help you do it for a. 23:37.370 --> 23:41.850 Fast food better and American companies that sarin at the long haul. 23:42.540 --> 23:47.450 Relevant help me and what the companies they can take and there 23:47.450 --> 23:52.550 is a mountain future stood out from one car for target says to funding. 23:53.150 --> 23:54.870 Can bring into markets like this which. 23:55.580 --> 23:57.460 After mendoza which in inches from grow. 23:58.430 --> 24:04.990 The Over it to the west honda ships of the old industries in 24:04.990 --> 24:09.440 africa was seen nesting Sestak coastal single communication technologies 24:09.440 --> 24:10.140 tomato ball. 24:10.700 --> 24:14.530 What a system of all communications rethink destination is fighters 24:14.640 --> 24:17.040 to be very happy to plug into the ipad. 24:17.560 --> 24:21.620 Air company I I don't need the once and i've noticed will find 24:21.620 --> 24:27.000 it very using the message from algeria iran has a new it's understood 24:27.000 --> 24:29.350 is very much interested in all of the mission. 24:29.900 --> 24:34.230 Yeah and Measles lot who for production African companies and 24:34.230 --> 24:38.200 looking for investors to have an open mind domestic gets involved 24:38.200 --> 24:42.100 in all the seeds up that will sign that is actually a a a flurry 24:42.320 --> 24:43.490 and told us to do. That. 24:54.440 --> 24:55.540 And no. 24:56.600 --> 25:02.290 And Please. 25:03.010 --> 25:04.330 Found that martin. 25:04.930 --> 25:07.480 Missed that a she should jay about. That. 25:11.180 --> 25:14.530 Morning ladies and gentlemen. I'm leniency to she's de facto 25:14.670 --> 25:17.220 on the founder of the martyr and the mark foundation. 25:18.100 --> 25:22.250 I was a refugee from a school drop out amounts of an hour of 25:22.250 --> 25:26.330 finance at this I hope to be an astronaut makes shia and more 25:26.330 --> 25:29.220 importantly and a false generation African. 25:30.080 --> 25:34.280 My family moved trafficking 18 90 and we went to the unfortunate 25:34.280 --> 25:38.770 incident of media mean that in 19 72 we got kicked out wincing 25:38.770 --> 25:41.860 and started again and then we came back home. We came back to 25:41.860 --> 25:44.240 africa in ninety-three remove truro one to. 25:44.890 --> 25:48.480 Nine months later unfortunately the genocide broke up me my sister 25:48.480 --> 25:50.550 and parents were refugees streamed sham side. 25:51.710 --> 25:54.910 When that he again came on a light but unfortunately lost everything. 25:55.620 --> 25:59.610 I then decided to quit school at the age of 15 and support the family. 26:00.360 --> 26:03.450 So I took a loan of $5,000 and set up a little like tea company 26:03.450 --> 26:04.190 in Uganda. 26:04.760 --> 26:08.470 And then slowly and needed a pan African business 18 years late to. 26:08.980 --> 26:13.320 The mara group is in 22 countries. We have about 11000 employees 26:13.320 --> 26:16.840 and we're focused on manufacturing technology real estate and 26:16.840 --> 26:18.030 financial services. 26:18.740 --> 26:21.880 The Maher foundation a nonprofit is focused on youth in common 26:21.910 --> 26:25.110 and women and common to be an pieces say that we empower of the 26:25.110 --> 26:27.660 200 50000 businesses across africa. 26:28.240 --> 26:31.030 And we've are pondering the young African the business to this 26:31.030 --> 26:33.530 laws which president obama announced a few days ago. 26:35.180 --> 26:39.060 As a young African and the and note in hawaii emphasize young them. 26:39.610 --> 26:42.470 As a young African. I'm extremely happy today. I think the U.S. 26:42.470 --> 26:45.050 africa summit is history in the making in the true sends. 26:45.630 --> 26:49.090 The United States entrepreneurial culture beat the you at the 26:49.090 --> 26:52.560 depths of on top of masham the depth of capital in this country 26:52.780 --> 26:56.710 is unbelievable. I'm a some believe the and rather than Reinventing 26:56.710 --> 26:59.980 the wheel is the best combination of global and local. 27:00.590 --> 27:04.000 Global organizations pottering would look a little come looking organizations. 27:04.000 --> 27:07.950 Like Maher in many of this is the on set a case in point is after 27:07.950 --> 27:11.040 the smart which my pot nimble diamond and I sets up a few months 27:11.040 --> 27:12.740 ago to by banks in africa. 27:13.430 --> 27:16.710 We raised a billion dollars within six seven months and majority 27:16.710 --> 27:20.080 about capital came from the U.S. and majority of the capital 27:20.180 --> 27:23.340 had never invest in africa the full to the appetite is apps and 27:23.340 --> 27:23.900 maybe that. 27:24.650 --> 27:27.920 I think we need to change the narrative people talking about 27:27.920 --> 27:29.860 bringing silicon valley to africa. 27:30.570 --> 27:33.000 I'm a believe that that raul in china bring silicon valley to 27:33.000 --> 27:37.020 africa next bring africa to silicon valley. I think it's time 27:37.070 --> 27:40.290 league as africa become innovative creates a missions that we 27:40.290 --> 27:43.610 can take global rather than trying to remind what's already being done. 27:44.480 --> 27:47.820 And I think just to sum up and I'm somebody in san Francisco 27:47.820 --> 27:50.650 reason the Osteen media press most be this that you know when 27:50.650 --> 27:51.960 he's africa gonna catch up. 27:52.910 --> 27:55.790 I looked at them and and and then I said look I'm so surrey wait 27:55.790 --> 27:59.260 we're actually not gonna catch up and the look to me quite shot innocent. 27:59.260 --> 28:01.010 Why innocent because McKinnon eat the way. 28:01.550 --> 28:04.270 So thank you so much for being here. That. 28:10.460 --> 28:14.590 Ladies and gentlemen please. Welcome to the stage president chen 28:14.590 --> 28:18.980 and and a chief executive officer that dow chemical company this 28:18.980 --> 28:21.090 stuff and to and. Difference. 28:23.850 --> 28:24.500 She said. 28:25.110 --> 28:28.670 The Wall ma'at stools Ng missed. The dup mcmillan. 28:31.160 --> 28:35.520 Did. You get to Volvo said don't go to a move missed the and 28:35.520 --> 28:36.520 equipped. Uncollected. 28:39.580 --> 28:43.460 The people that can limit to it was just we are in will. 28:45.560 --> 28:47.660 He. Composition do a. 28:48.310 --> 28:50.050 Nice booty mum-run yen will. 28:51.950 --> 28:55.970 And I'm going to be the second president of the United States. 28:56.170 --> 28:58.210 No really in jaffna. City. 29:08.850 --> 29:09.770 Good morning everyone. 29:11.410 --> 29:12.950 Would like to began by making. 29:14.180 --> 29:17.990 Secretary protester and Miracle embark for. 29:18.770 --> 29:21.550 The enormous amount of or play in their teens of gone to bring 29:21.550 --> 29:23.710 us together and I'm very grateful one day from. 29:24.280 --> 29:26.350 President obama for sponsoring this. 29:27.310 --> 29:30.010 This is probably something we should've gone a long time ago 29:30.010 --> 29:30.480 there are. 29:31.340 --> 29:34.060 Many it heads of state here for my africa. 29:34.790 --> 29:37.710 And political and business leaders from both continents. 29:38.530 --> 29:40.140 Love like the one decided. 29:41.770 --> 29:43.790 That our thoughts are with the leaders of. 29:44.690 --> 29:48.330 Liberia guinea and Sierra leone who could not be here that because 29:48.330 --> 29:49.440 the at the site home to. 29:50.170 --> 29:51.360 Deal with the appalling. 29:52.230 --> 29:54.150 Out right and we were so well. 29:55.650 --> 29:58.430 Tell us before we came out today that. 29:59.690 --> 30:02.020 I'm eight Tamil whoever over directed. 30:03.130 --> 30:07.340 And adele like ones where the members filibuster but I didn't 30:07.340 --> 30:09.200 want them to be a was say what they. 30:09.720 --> 30:10.810 Have to sigh. 30:11.730 --> 30:13.310 About this issue. 30:14.050 --> 30:15.070 We all want. 30:15.890 --> 30:18.480 More try it more investment better times. 30:19.990 --> 30:21.980 It is generally known that. 30:22.730 --> 30:27.210 Africa it's gonna grow is that has for some more between five and 7% 30:27.210 --> 30:27.890 of the continent. 30:29.510 --> 30:32.570 Six to the 10 fences wry economies in the world are in africa 30:32.570 --> 30:35.220 that that by going seven of this coming decade. 30:36.300 --> 30:38.070 Mellow class is growing. 30:39.150 --> 30:43.030 But in spite of the 80 billion dollars in foreign investment 30:43.060 --> 30:46.180 and the 400 billion dollars and exports will see this year. 30:46.790 --> 30:50.300 Recorders to those I exporters' until and all I guess metals 30:50.300 --> 30:53.670 and um and So leave potential. 30:54.350 --> 30:57.130 For economic diversification is great. 30:58.900 --> 31:01.500 There are six iron to gin than cell phone users. 31:02.210 --> 31:04.530 On the continent of 100 million people. 31:05.460 --> 31:07.840 Only 300 million people one electricity. 31:08.550 --> 31:13.530 About a hundred and 70 million people were generally good internet. Access. 31:15.480 --> 31:19.770 One 3% and we will have a bike account Flex largely the cellphone planking. 31:20.450 --> 31:22.280 And 5% have a credit card. 31:23.300 --> 31:25.780 So there are lots of all of the this. 31:26.380 --> 31:27.240 Auctions here. 31:29.090 --> 31:32.630 Those of you this small number here you are interested in this 31:32.630 --> 31:35.370 subject when it not have a lot of contact with africa. 31:36.040 --> 31:39.120 I think it is important to sell a cell that are African penguins 31:39.120 --> 31:39.950 owner to sign that. 31:40.750 --> 31:42.230 Uh in the audience. 31:42.950 --> 31:45.260 It is a common not a country. 31:45.950 --> 31:49.870 And the laws of countries matter and the practices in the cultures 31:49.870 --> 31:53.510 and the opportunities will be different from place to place but 31:53.510 --> 31:56.420 all these but analysts travel a lot of experience. 31:57.360 --> 32:01.000 On all the relevant issues that this conference is well organized 32:01.000 --> 32:04.460 so this is ball to be about help business to business contacts 32:04.770 --> 32:05.700 can increase. 32:06.310 --> 32:09.200 Investment. And economic activity. 32:10.650 --> 32:12.700 Then there is a of handle. 32:13.360 --> 32:17.110 On infrastructure then there's one on non finance which is a 32:17.110 --> 32:19.800 huge deal when there's one on government action. 32:20.750 --> 32:23.400 But I call our plan was not to worry too much to they'll have 32:23.400 --> 32:26.880 to sign a some things about the constraints and opportunities 32:27.290 --> 32:29.080 and these other categories. 32:29.850 --> 32:32.350 So with that as a any background. 32:33.220 --> 32:34.360 I would like to start. 32:35.900 --> 32:40.730 With jesse animal because general electric his men involved an African. 32:41.270 --> 32:43.310 For a bully 116 years. 32:43.970 --> 32:45.480 Then it's 80 90 eddie. 32:46.240 --> 32:47.720 And they're about to get the hang of it. 32:50.450 --> 32:51.150 The. So. 32:53.420 --> 32:54.760 Oh one as you. 32:55.580 --> 33:00.660 In spite of of Belo which iceland almost 40 years ago or 15 years ago. 33:02.110 --> 33:04.680 And all the things that offend and sense. 33:05.640 --> 33:07.570 Uh it strikes maybe. 33:08.130 --> 33:10.990 There we've only barely scratched the surface of what we could 33:10.990 --> 33:13.160 and should be doing there and met. 33:14.100 --> 33:16.440 We're missing the boat that we should never. 33:17.180 --> 33:20.710 We should understand is it gonna massive opportunity for American business. 33:21.320 --> 33:22.890 So placed on your experience. 33:23.760 --> 33:27.170 What do you wanna sigh in the americans here and what he wanted 33:27.170 --> 33:30.400 in the Africans here about what one or two things. 33:31.190 --> 33:33.920 Each of us can do to excel like this process. 33:34.460 --> 33:37.750 The facts of which president tonight amami's effects again the 33:37.750 --> 33:41.550 penny in the in the present for doing Oceanic. It's a great step 33:41.640 --> 33:45.840 the chose so up of the commitment and the potential of a to reach 33:45.840 --> 33:46.550 an impasse. 33:47.070 --> 33:50.870 I would say to all of the uh you know my fellow Co owns. So than 33:50.870 --> 33:52.150 um one thing is get local. 33:53.000 --> 33:56.290 Uh and I think too many of us suck conceded. This earlier in 33:56.290 --> 34:00.770 our careers to the europeans mainly because the U.S. market was 34:00.770 --> 34:04.720 so gonna turn American of Maya H relay for all and printed even 34:04.720 --> 34:08.840 have to travel mm auctions. So we can a gave African to the europeans first. 34:09.390 --> 34:11.220 And to the chinese sun later. 34:11.990 --> 34:16.090 But today it's wide open for us but you have to get local so 34:16.090 --> 34:17.230 that step on one. 34:18.120 --> 34:21.060 I think finance saying is the number one delicate lease in the 34:21.060 --> 34:22.160 businesses were of. 34:23.060 --> 34:27.910 And what slack king. I think is a of what I would say in festival a. 34:28.840 --> 34:31.030 Strategies the government's the to put forward. 34:31.610 --> 34:34.350 Princes there's a right way to do a power purchase agreement 34:34.380 --> 34:37.330 and one way to do a power purchase agreement. If you want people 34:37.330 --> 34:40.950 to invest in the so we need more convergence around good stay 34:40.950 --> 34:44.250 endurance on behalf of the government's and we need more rest kept. 34:44.250 --> 34:48.680 Well there's probably a 25 billion dollars of it infrastructure 34:48.680 --> 34:51.980 investment in this room alone. But to all one of the the second 34:51.980 --> 34:52.680 person then. 34:53.260 --> 34:55.330 After somebody else's taken prompt specter us. 34:55.910 --> 34:58.450 And what we me it is a good coronation of the U.S. 34:58.450 --> 35:01.550 government OPEC acts around Wall plaque people like that. 35:02.090 --> 35:05.610 Along with real investors are willing to put to a skin in the 35:05.610 --> 35:08.890 game you get that first investment and and that you know so we 35:08.890 --> 35:11.260 get less I can ourselves about financing. 35:11.960 --> 35:14.620 And it's gonna fit you know it's gotta be flexible. It's gonna 35:14.620 --> 35:16.860 fit the African standard should be of local. 35:17.440 --> 35:21.290 We need flexible risk-based finance saying it in the first thing 35:21.290 --> 35:24.130 I sinister present and this is a small thing just on our rehab. 35:24.650 --> 35:27.700 I think all of us would benefit if there are some regional integration 35:27.700 --> 35:28.280 in africa. 35:28.810 --> 35:32.520 And eastern africa once a southern African wines. Do what out 35:32.520 --> 35:36.170 more than each country that might put together for five countries 35:36.510 --> 35:39.150 that we can invest before and those of the three things I would 35:39.220 --> 35:39.930 I would put forth. 35:41.830 --> 35:45.070 Whoa. I'm a as one fallen russian very. Quickly. 35:47.190 --> 35:50.020 We don't wanna get humbled. Why choose political wars. But how 35:50.020 --> 35:53.500 important do you think idiots for the future prospects of getting 35:53.500 --> 35:58.710 more financing and Africa from American businesses to renew the 35:58.810 --> 35:59.570 export import. 36:00.830 --> 36:03.650 I reckon I looked a somewhat of things to the protocol but big 36:03.650 --> 36:06.580 businesses about and there's a lot of things that don't work 36:06.580 --> 36:07.190 in garment. 36:07.820 --> 36:09.430 But exporting is not one of them. 36:10.040 --> 36:11.440 And the action factors one of them. 36:12.090 --> 36:15.180 And the fact that we have to sit here in our Q4 it. I I think 36:15.180 --> 36:16.410 it's just it's just for. 36:17.160 --> 36:19.540 There's 53 export banks around the world. 36:20.160 --> 36:25.500 Us on a relatively small basis said uh is so uh is less than 36:25.870 --> 36:28.760 than a lot of point europe the answer would that chided the there's 36:29.150 --> 36:32.280 been more private than anything else for suppression shows us cares. 36:33.110 --> 36:36.790 And and you know what I'm not asking GE caterpillar like the 36:36.790 --> 36:41.300 and our not asking for for favors reporter on risk capital up 36:41.300 --> 36:46.030 against the But these projects in the I think that the he and 36:46.030 --> 36:48.860 that the U.S. the under writing at the west under its appeal 36:48.860 --> 36:51.770 to roll back under its appeal risk capital comes to. 36:52.640 --> 36:56.510 So we punch web overweight with axiom. I think it take it speaks 36:56.550 --> 37:00.280 to the country's interest and reach an it's a compound of weapon 37:00.490 --> 37:03.990 and a crazed jobs here. What's a challenge and a crate shops 37:03.990 --> 37:04.930 the country's recount. 37:05.650 --> 37:06.880 So. We. Can. 37:09.410 --> 37:11.270 You have tabloids some love. 37:12.650 --> 37:14.410 Remarkable partnerships with. 37:14.920 --> 37:17.050 Neck comic American brands. 37:17.850 --> 37:21.090 And do I know from talking to you backstage into got some very 37:21.090 --> 37:22.030 clear ideas about. 37:22.540 --> 37:24.600 What should be done from the African summit. 37:25.740 --> 37:29.160 What do you think it be gone to accelerate the business partnerships 37:29.480 --> 37:32.150 with low investment and the creation of tulips. 37:33.680 --> 37:34.430 It's acting. 37:36.110 --> 37:36.530 Thank you. 37:37.630 --> 37:40.100 This isn't I think the more than just. 37:40.750 --> 37:44.620 What we us as Africans continue looking to get that what became 37:44.620 --> 37:49.740 to use it to me look at the area all the figures that all a challenging 37:49.840 --> 37:54.400 for us as African countries and the Kenya forest is around. 37:54.940 --> 37:57.190 Young people that we had to that. 37:57.710 --> 38:01.240 Fifteen to three to five meals an epic and make up 60% of the 38:01.240 --> 38:02.990 population of consonants state. 38:03.760 --> 38:07.910 And so the key issues may quiche tool that compared those people 38:07.990 --> 38:11.870 would be to painted to be able to contribute two quarts. 38:11.960 --> 38:15.340 You know that the continued growth of icon and so on the continent. 38:15.960 --> 38:20.030 And so in the in a pot shifts to an end action people we've been 38:20.030 --> 38:23.610 able to the pot ships with McDonald's and coca cola that. 38:24.230 --> 38:29.110 That's been. A key period for us for some weeks on with McDonald's 38:29.110 --> 38:32.430 today beautifully given us a few hundred people in south africa. 38:32.940 --> 38:37.770 And what we've done is to focus on each paid to engine cooling 38:38.140 --> 38:42.480 a young people coming in swap is it's the and and so what what 38:42.480 --> 38:46.950 to do is we have a significant focus on and so I think this is 38:46.950 --> 38:51.270 to speak to its fortunes that focused on education and dick palmer 38:51.270 --> 38:52.180 and all of them. 38:53.060 --> 38:56.790 And so that as people go we have the resources that you might 38:57.270 --> 38:59.550 to push economies that for. 39:00.260 --> 39:04.230 And and it and then the speak to be the people that it's to be 39:04.260 --> 39:07.710 able to to continue to grow it and said that.. To. 39:08.450 --> 39:15.310 To. Did you think he would be helpful if these major American 39:15.310 --> 39:17.690 companies that morning education right here. 39:18.660 --> 39:22.350 He does not profiles written directly to the job market unless 39:22.350 --> 39:26.150 like this is not just part of this of problem for can seep all 39:26.520 --> 39:28.870 all over the world. There is a job shortage. 39:29.510 --> 39:30.920 For young people every. 39:31.580 --> 39:34.580 It was part of what triggered the Arabs spring in the career 39:34.580 --> 39:38.120 scorer and kahlo they were producing form felt in college that 39:38.260 --> 39:41.470 you extend the more and you're 400 thousand josh with them. 39:42.800 --> 39:44.600 Because I wore trying to do the job that. 39:45.240 --> 39:46.540 World might be brought. 39:47.060 --> 39:50.810 So. Beat is this something we should do together. 39:51.480 --> 39:55.710 Exchanging peel it's one thing you can pick estimates the up 39:55.770 --> 39:59.560 I think we we mean you can see me to to be focusing on pushing 39:59.620 --> 40:03.120 for more education of young people to give up and I think it's 40:03.120 --> 40:06.430 it's a critically she for iced tea to focus on as room for it 40:06.430 --> 40:09.410 because if you think the ball to what is the one critical me 40:09.410 --> 40:13.260 Souls that we need to them of huntsman forward and continue to 40:13.260 --> 40:15.550 grow its to develop a young people. 40:16.090 --> 40:19.810 And and ending fund that speaks with to being able to to continue 40:19.810 --> 40:22.770 to to be some having you is and we know that the various of the 40:22.770 --> 40:26.280 challenges that the face of people sick touring um. We know that 40:26.280 --> 40:29.770 the number of sick to sit for plan significant to basement uh 40:29.770 --> 40:33.030 and and and so you know from debt to speak to what a with saying 40:33.100 --> 40:37.130 is that for American atheist is coming into the African continent 40:37.410 --> 40:40.860 the one thing that we need to be looking yet to is that you know 40:41.160 --> 40:45.100 we you cannot be looking at coming into the African continent's 40:45.410 --> 40:48.990 with the perspex have all been able to based mediation as as 40:48.990 --> 40:52.220 many of the no because you know you you you for up in in vista 40:52.220 --> 40:53.700 seemingly and African consonants. 40:54.290 --> 40:57.930 But it's it's it's the issue will make you so look that we all 40:57.960 --> 41:01.140 pointing to can feast in the infrastructure requirements all 41:01.240 --> 41:04.420 the country that chen pasting in so we that it is in the city 41:04.420 --> 41:08.200 of the people of the country one piece to give the infrastructure 41:08.200 --> 41:12.000 up wanting to do is very important to be able to do that I want 41:12.000 --> 41:15.880 it to the attitude and this meant in the business of the because 41:15.930 --> 41:19.160 you know with all that thing you want all that continued growth 41:19.510 --> 41:23.790 all the replacements and you wanna be able to supports a um that 41:23.790 --> 41:25.410 the country that that you in this will. 41:29.120 --> 41:31.500 Oh. Okay life is um. 41:32.630 --> 41:35.390 We're. Swimming a presence in walmart. 41:36.410 --> 41:39.300 Oh I'm. Be. 41:41.270 --> 41:45.020 The right your move in African apartment by. Acquiring. 41:47.480 --> 41:48.110 The company. 41:48.890 --> 41:49.450 Now has more. 41:50.370 --> 41:52.120 And you do. 41:53.620 --> 41:56.460 Or successful in this country and around the world. 41:57.540 --> 41:59.070 And no small measure. 41:59.970 --> 42:01.220 Not just because you do. 42:03.270 --> 42:05.460 Sourced from people would give you a good prize. 42:05.970 --> 42:09.350 Logo cut you have a brilliant something watching operation. 42:10.510 --> 42:13.650 I think vespa my own experience working on trying to get. 42:14.210 --> 42:16.860 Aids drugs malaria and tuberculosis to. 42:17.450 --> 42:21.900 People in the last mile fine-tune felt very small farmers become 42:21.900 --> 42:23.200 part of a competitive market. 42:23.930 --> 42:27.460 That the supply chain issues are quite profound but they should 42:27.490 --> 42:29.780 create an economic market. 42:30.950 --> 42:34.010 So talk to me a little about why the to. 42:34.530 --> 42:36.530 Delay and africa by buying. 42:37.300 --> 42:41.520 Another company first and why choose like on the supply chain 42:41.520 --> 42:43.450 issue and whether it's. 42:44.060 --> 42:48.230 Both an opportunity enough obstacle the future investment is 42:48.260 --> 42:51.460 the issue of for us and would love to talk about it first fall. 42:51.460 --> 42:54.610 Thank you for having us which is so honored to be here. I'm excited 42:54.610 --> 42:58.310 about after started going a few years ago weeding up to the acquisition 42:58.310 --> 43:01.500 that we may and as we look it what we're trying to do in africa. 43:01.500 --> 43:05.730 We are simply trying to revive customers access to fresh produce 43:05.760 --> 43:09.780 and other items at a great about you to do that we've got a grades 43:09.810 --> 43:13.610 a Chang and in the case of africa we're taking some of the learning 43:13.610 --> 43:15.910 that we've experienced from latin america and other parts of 43:15.910 --> 43:19.990 the world to invest in supplemented areas where it's needed but 43:20.020 --> 43:22.890 all asked me to be doing that we wanna be able to. 43:23.420 --> 43:26.840 Take fresh produce for example and reach to small and medium 43:26.840 --> 43:31.190 holders enables them to be more productive and he wants to provide 43:31.230 --> 43:34.770 packed houses where they need them to but the pieces in place 43:34.770 --> 43:37.370 to create this system that supplies store. 43:37.910 --> 43:42.370 Which also creates great jobs for both a value vacuums as well 43:42.370 --> 43:45.340 as more commodity tap bottoms to lift the whole thing and have 43:45.340 --> 43:49.530 a system that works. So for us it's a long term proposition that 43:49.530 --> 43:53.850 we invested two point six billion in 2011 and that's just the beginning. 43:54.440 --> 43:57.570 And what we're expecting and the reason we may be invested is 43:57.570 --> 44:00.600 that we think the whole region not to south africa that such 44:00.600 --> 44:04.470 a care in africa including nigeria can yet and so many countries 44:04.500 --> 44:08.060 around the continent of going to do the right seems to create 44:08.120 --> 44:11.330 the right rules. Right transparency summit was infrastructure 44:11.330 --> 44:14.810 investment so that the whole thing works and we wanna do our part. 44:15.410 --> 44:18.030 One of the side benefits that we see you are ready is that we're 44:18.030 --> 44:21.360 tapping into those sources of supply a for producing even things 44:21.360 --> 44:25.190 like wine in exporting them out of africa and so on in places 44:25.190 --> 44:26.710 like United States in the UK. 44:27.320 --> 44:29.790 The one of my favorite stories is about a couple sisters. 44:29.790 --> 44:32.640 He came back together after park that inform the winery. 44:32.890 --> 44:36.570 It's called seven sisters wine and we're selling and 500 us super 44:36.570 --> 44:40.020 centers and of sold about 5000 cases so far we never would've 44:40.020 --> 44:42.510 found and if we didn't have that the presence. Of. 44:51.270 --> 44:53.570 What's your Future wrote when your back. 44:54.780 --> 44:58.620 Yeah that's gonna be one of the think I think it's worth pointing out. 44:59.780 --> 45:03.970 And while manufacturing its single most rapidly growing. 45:05.440 --> 45:08.550 A second economy in terms of annual productivity. 45:09.440 --> 45:10.160 You're for. 45:11.060 --> 45:13.920 Every year fewer people and there's more stuff whatever that 45:13.920 --> 45:14.650 stuff is. 45:15.380 --> 45:18.640 Multiplier effect of men tracking jobs and every society on with 45:18.670 --> 45:19.360 was quite how. 45:20.620 --> 45:23.250 And the The and we eat. 45:24.380 --> 45:27.810 Get better infrastructure and if we do better with this clutching. 45:29.470 --> 45:34.400 And We should be able to build when factoring centers but it's 45:34.400 --> 45:36.620 yeah said in opening remarks. 45:37.250 --> 45:40.300 Of one of the things that have town happen within a half. 45:41.190 --> 45:43.420 Is that the original promises. 45:44.390 --> 45:48.410 Echo lawson sought. I can you used to have been a pick community 45:48.440 --> 45:54.610 and that made that up to a out basic. Multi-national. 45:55.610 --> 46:01.580 Continental. Marketing and open markets and More free trite within africa. 46:02.150 --> 46:06.070 I think is slowing down a lot of manufacturing investments that 46:06.070 --> 46:07.960 might otherwise come so. 46:09.380 --> 46:12.110 A little about than what do you think we all do that and what 46:12.110 --> 46:13.500 can this conference do that. 46:14.350 --> 46:17.560 And thank you mr. President I had my thanks to being invited 46:17.560 --> 46:21.060 here and I'm a doubt doesn't have score lomond pedigree never 46:21.060 --> 46:24.630 cruise people within a 60 use some it will cut up to you can 46:24.630 --> 46:27.860 learning on south africa or the in the many decades of south 46:27.860 --> 46:31.540 Africa's for progress of the one thing that we haven't discussed 46:31.540 --> 46:34.760 cannons Powell. But the companies like dow I'm bring that and 46:34.760 --> 46:38.400 bowl mongeese bring the been this supply chains to africa also 46:38.400 --> 46:42.240 a place that Kaufman says a philosophies and practices the on 46:42.270 --> 46:46.100 governance and bad governance and beyond age and having use eight 46:46.370 --> 46:51.040 uh without oppressed pocketing other still applied in the U.S spanning. 46:51.040 --> 46:54.580 But sleeping a lot of people beehive and as you know income inequality 46:54.610 --> 46:58.540 and to all who abuse and reduce unemployment in gentleman to 46:58.540 --> 47:01.870 both touch thought is a cynic one on issue of most developing 47:01.870 --> 47:05.530 nations and and the solutions by sweeping getting into gear like 47:05.530 --> 47:09.810 fostering like free trade like all things to mention a designing 47:09.810 --> 47:13.630 an economy used to be for most of that thing you know when making 47:13.630 --> 47:17.180 investment Paulson all but i've been trying very hobble cost 47:17.180 --> 47:20.980 a lot of my many travel of emerging nations the U.S single boy. 47:21.820 --> 47:25.060 Is thailand use a few other countries that advance some economies 47:25.060 --> 47:28.400 and generation skipped and actually cannot but I have to go through 47:28.400 --> 47:31.650 the learning of the United States and other industrialized nations 47:31.650 --> 47:35.140 of a hundred years ago. You can generations people boy the pollution 47:35.380 --> 47:38.880 really great job moral Pius apart chance about the type of mention 47:39.090 --> 47:42.570 five to eight to one and a sign of being a woman truro exporter 47:42.750 --> 47:45.180 which is all this the way you stop first in with the china's 47:45.180 --> 47:49.030 could just be new American companies up the tide that we uh especially 47:49.030 --> 47:52.870 key in about we bring value chains. We bring training and we 47:52.870 --> 47:56.220 bring actually that technology to you know it's when local Popchips 47:56.420 --> 47:58.900 and we actually prefer the local partnership model a most store 47:58.900 --> 48:02.210 and you know I joined out his vision of doing the nation within 48:02.210 --> 48:05.290 a very successfully mid-eighties six joint ventures around the world. 48:05.290 --> 48:07.900 In fact when we prefer had to be in those to inventions and I 48:07.900 --> 48:11.850 think this whole notion of gone local and then cut credit costumes 48:11.850 --> 48:15.560 around france manifacturing meets be brought to a nation state 48:15.880 --> 48:18.670 if it never costumes of another cracks regional costumes. 48:18.940 --> 48:22.620 Some beer but at least within countries of science like maybe 48:22.620 --> 48:25.740 a Kenyan fact we have with the Kenyan government. Trade fact 48:25.740 --> 48:29.820 exactly that held to approach designing its economy such it you 48:29.820 --> 48:32.770 can take advantage of the most important resources you have a 48:32.770 --> 48:35.690 quarterback coach and you gotta bring that into them on sentry 48:35.940 --> 48:38.080 and not wastes food but have a two people. 48:38.790 --> 48:41.810 Happen you will not to sell so the infrastructure it does people 48:41.840 --> 48:44.960 filled with the press just kept me to raise happen. You actually 48:44.960 --> 48:47.990 to build look they will come have one tech on that mentality 48:47.990 --> 48:50.650 and that don't get him on bass and and having actually a free 48:50.650 --> 48:53.970 trade zone up for GM actually building some industrial cost is 48:53.970 --> 48:57.240 which is the beginning of the supply chains and you can solve 48:57.240 --> 49:00.330 one of them that this is a generational moon. You have to come 49:00.330 --> 49:03.600 in with the training programs at the grassroots level as I speak 49:03.600 --> 49:07.560 I have 41 doubt people might be in people in Ethiopia try any 49:07.560 --> 49:10.990 local students when actually had to some other stop working with him. 49:10.990 --> 49:14.370 She owns so that you know in the schools and I think he's gonna 49:14.370 --> 49:18.350 shoot models and then of course this is for africa by Africans 49:18.850 --> 49:22.570 so going local spacek you can the truth was trainee. I think 49:22.570 --> 49:25.930 the great American morning the great American enterprise has 49:25.930 --> 49:28.810 to get up out of the local around the world but pretty bad each 49:28.810 --> 49:32.870 things and actually pretty jewels at best better factory in a 49:32.870 --> 49:34.310 way it destroys jobs. 49:34.970 --> 49:38.170 Said what you gonna do is to you he can do what we used to do 49:38.530 --> 49:42.560 with it I go see you in some man picture chemical's basic industries. 49:42.810 --> 49:43.650 That's a lot and all. 49:44.260 --> 49:47.910 You got a relief aid your way through advanced economy development 49:48.020 --> 49:51.250 of learning lessons light had ally complete an aviation supply 49:51.250 --> 49:52.510 can't like morocco was that. 49:53.160 --> 49:56.690 But don't let that deter future space industry than this of whole 49:56.690 --> 49:59.870 supply chain the godmother spiced. But never proven point people. 50:00.410 --> 50:03.470 Any of this is really with color advanced that affecting plan 50:03.740 --> 50:06.560 we work with governments into that and the papa should model 50:06.590 --> 50:10.110 Bezos governments civil society in she goes working with schools 50:10.340 --> 50:13.450 you see on the way for not leave africa can generation skit. 50:14.180 --> 50:17.470 If it doesn't list files the from alluding of a previous. Companies. 50:19.550 --> 50:22.380 Well one with just to follow up one that uh. 50:22.980 --> 50:25.660 Mattel to not editorial us too much without actually. 50:27.160 --> 50:30.050 I think that one of the great opportunities that the African. 50:30.630 --> 50:32.580 Leaders and business leaders have here. 50:34.380 --> 50:39.140 He is to edit value of their own natural resources before when 50:39.140 --> 50:39.760 leave the country. 50:40.620 --> 50:43.220 Before they leave the region before they leave that can. 50:44.270 --> 50:45.350 And I think we really should. 50:46.130 --> 50:50.220 And we made the American investment funds and their pre trouble 50:50.220 --> 50:53.830 represented here in the last one here who were it shouldn't have that. 50:55.580 --> 50:57.460 A look at this value-added proposition. 50:58.330 --> 51:01.490 You know and the was talking with a group less mind about to. 51:02.670 --> 51:06.280 The work we did in the one that you try that. You know break 51:06.280 --> 51:09.370 them a coffee roasting operation. We sold all black coffee. 51:09.990 --> 51:12.840 Three years it's fair trade prices. But there were Jews coffee 51:12.840 --> 51:16.260 painful untreated close to call being marketed to the world might 51:16.260 --> 51:18.820 a huge affront and i've made so much more money. 51:19.610 --> 51:24.250 All of which they used to and reinvest their businesses protect 51:24.250 --> 51:28.150 their topsoil do all the things that you're talking about Taipei 51:28.150 --> 51:29.780 was or the process until I think. 51:30.410 --> 51:32.260 That the opportunities there. 51:33.140 --> 51:35.920 Would surprise even a lot of people who do a lot of this is in 51:35.920 --> 51:40.500 africa but not in that the un a chatty there are lots of opportunities 51:40.940 --> 51:43.950 that just the one example like eat your coffee sample to top up. 51:44.550 --> 51:47.800 The soccer is the proper choice touch of choice in africa that 51:47.800 --> 51:50.490 I'm not worried wouldn't of producing this up. So you can and 51:50.490 --> 51:53.220 do research to help the complete the cuss out a supply chain 51:53.370 --> 51:56.660 in africa and woodland within the G rear i've ever replace. 51:56.660 --> 51:59.050 We flocking great with this up. 51:59.670 --> 52:02.880 Then suddenly this break for Africans by some a crop cuts out 52:02.880 --> 52:06.000 of all the costs and you can order a new schools in your store 52:06.000 --> 52:09.150 some in this is the sort of close to supply chain pointer making 52:09.150 --> 52:12.030 with coffee which I think he's day if you go. 52:12.760 --> 52:16.050 And the the one I wanna like reinvestment to here. 52:16.580 --> 52:19.800 If they're actually money and Real money. 52:21.640 --> 52:24.340 The the africa. I think it's very under-invested.. Oh. 52:25.910 --> 52:31.340 Oh. The one that I got a lot of other questions that go. 52:31.370 --> 52:33.580 Well one ago actually go next because. Of. 52:36.290 --> 52:39.620 It's just taken made to watch you or. 52:40.550 --> 52:41.330 The marshlands. 52:42.000 --> 52:45.890 Not. From being a person might a lot of money in the traditional 52:45.890 --> 52:48.920 industries to someone who is thinking about. 52:49.740 --> 52:52.370 Where you wanna African of these five and 10 20 years. 52:53.690 --> 52:56.380 Planet it's a we were talking about. 52:57.220 --> 52:58.940 Nigeria before we came out of. 52:59.510 --> 53:02.540 How fortunate we benefit least knock on wood. So for that. 53:03.050 --> 53:06.120 Not was standing the political turmoil in the north which sometimes. 53:06.960 --> 53:10.540 Presented a little of the country will lagos reviews pretty much 53:10.930 --> 53:14.330 when a well operated continue growing character a brisk right. 53:15.170 --> 53:18.500 Which is highly important for all Africans which are gonna bill 53:18.500 --> 53:22.990 national coming McConnell model because they're more people in work. 53:23.970 --> 53:26.310 So just tell us. 53:27.050 --> 53:27.720 What are you. 53:28.500 --> 53:32.750 What. Potential American investors to know what you made the 53:32.750 --> 53:36.330 most and what you think you and your fellow Africans should do 53:36.800 --> 53:38.710 to help us build more partnerships. 53:40.010 --> 53:44.250 Thank you to a use them forcefully discrete to you want to be here. 53:45.190 --> 53:48.920 Uh what I think that's quite some of the law a you'd imagine 53:48.920 --> 53:50.560 piece of four and one health. 53:51.140 --> 53:54.620 In hopes of bringing people together into something you both 53:54.650 --> 53:56.950 of Pickens and americans to get a forest to. 53:57.470 --> 54:01.500 A malala sauce. Up was to be don't know us host the and when 54:01.500 --> 54:05.120 to be in the business and the being the beam button and quite 54:05.120 --> 54:06.000 a lot of uh uh. 54:06.570 --> 54:08.860 And they can the company's. I know that. 54:09.440 --> 54:12.710 Couple of in the how to make the information on a from playing 54:12.710 --> 54:15.310 with these solo thinking about a fifth of the most. 54:15.920 --> 54:18.200 They can organise 10 feet to use. 54:18.760 --> 54:22.560 What as we do things about change dramas in the of rican now 54:22.560 --> 54:25.150 has been poorly in that about five point five percent. 54:25.690 --> 54:30.010 On a bridge in the uh the most to you to a the cake. 54:30.620 --> 54:34.850 And it is the way to cut the future of the features. Yeah I mean 54:34.880 --> 54:36.000 if we going to do. 54:36.630 --> 54:40.980 Is present to all of a a five point 5% of the five one 5% will 54:41.060 --> 54:43.110 is a treaty with a looked pout. 54:44.000 --> 54:47.410 He goes mobile uh. The means that is known. Well I what I see 54:47.410 --> 54:48.410 that this mobile uh. 54:48.920 --> 54:53.210 Uh you know you tickets become chief. We don't like that video 54:53.210 --> 54:55.360 and you have the the 20 make most of up. 54:55.920 --> 54:59.590 With a full visual pretty and I have you been or maybe to tune 54:59.590 --> 55:02.580 in an open issue and you know for me this taste better call from 55:02.580 --> 55:06.970 him and get a well what she had in fact it to make closeup out. 55:07.640 --> 55:12.450 So I didn't that's a tribunal pile up a that but still look beat 55:12.450 --> 55:16.880 struck beating because of the might seek a needle a sees hope 55:16.880 --> 55:22.890 for a yeovil a transformation in thousand mud cool. My cool and 55:22.970 --> 55:26.500 when it's close to its us be there for a sometimes of close. 55:27.090 --> 55:31.560 The city to beat until up issues. Yeah. Yeah but you don't wanna wait. 55:32.110 --> 55:36.130 I mean who punch unit to AOL even like these bugle the projection 55:36.290 --> 55:37.390 the and and makes. 55:37.910 --> 55:41.900 A needle that seeks seals. Which is plaintiff you keep. 55:42.590 --> 55:46.420 Uh one represent a proponent of i've been about the team tree 55:46.420 --> 55:48.000 in to the TV. 55:48.870 --> 55:54.020 So I mean is going to be a good tony a middle up when the the 55:54.020 --> 55:59.200 that uh and I see my yes the in motyl by a that seat risk. 56:00.190 --> 56:03.710 He won the talk about race. But what until then the plastic we 56:03.710 --> 56:05.260 scoop up the story. 56:05.810 --> 56:09.030 You have no to repeat that uh and the he's a press release is 56:09.030 --> 56:13.380 something that africa is about two to four countries known post 56:13.550 --> 56:15.320 some people waited what paprika. 56:16.000 --> 56:18.770 People believe the yo's up replacement won seats. 56:19.350 --> 56:23.410 I mean somebody that me. I did about that she's so boom visas. 56:24.710 --> 56:25.760 No but on in africa. 56:26.600 --> 56:31.090 Manifold uh for somebody coming from the top yet he use it in 56:31.170 --> 56:32.010 80 percent. 56:32.580 --> 56:34.790 All the countries to get a visa moral. 56:35.310 --> 56:39.780 So I think that what do you mean suggests that the was the Piece 56:39.940 --> 56:43.780 integration within us is that it might with an all this the event 56:43.780 --> 56:44.390 is picked. 56:45.110 --> 56:48.260 He to get to love open up about just what what the pace play 56:48.260 --> 56:51.310 people to a what's up with them to open a major at. 56:51.850 --> 56:55.680 The end I should be free moment of wards and side. He sees the 56:55.680 --> 56:59.390 the within what do all within the region but with him to be up 56:59.390 --> 57:00.290 and itself. 57:01.100 --> 57:02.270 Uh what the us. 57:02.810 --> 57:06.700 We hope that these uh and a global demand that this may to look 57:06.700 --> 57:08.880 to the treaties incomes we've been spent. 57:09.480 --> 57:13.470 A what I this will tutsis in all were infected with little to 57:13.520 --> 57:15.400 companies uh most of these companies. 57:16.280 --> 57:18.750 Uh that a gun to four to pick up and face. 57:19.290 --> 57:21.700 But what if you that they don't uh-huh up the pot to us. 57:22.490 --> 57:27.940 We in knoll a freak out to you get some. Sort in the top of most 57:27.940 --> 57:30.630 of these mixes them in had and I'm sure that the most when they 57:30.630 --> 57:34.480 can companies must have up to the view of down on one or two 57:34.480 --> 57:39.590 companies which to cuts and of amiss for the one that to a you'll 57:39.620 --> 57:43.830 announced that to you know forest. Acts that would seek who were 57:43.830 --> 57:48.910 up up to be a a to make you that's an issue for one of which 57:48.910 --> 57:52.610 use the the guests a because an issue with don't with tea on 57:52.660 --> 57:56.800 Blackstone works time and the more you'll which would be a knows 57:56.830 --> 58:00.580 a B. A way to sing fight began bonus. 58:01.140 --> 58:06.020 Two into the beam pile up but infrastructure and the interested 58:06.020 --> 58:08.440 to a post sub-saharan africa. 58:09.200 --> 58:16.930 And the Woo. 58:17.870 --> 58:18.570 We will. 58:19.260 --> 58:23.500 Be you'll rose the doubt this by to look at that and these up 58:23.530 --> 58:26.600 you know we'd all been picked up and the unity is that all local 58:26.600 --> 58:31.840 TV ACS and baby at gracie. So the tool obligations will when 58:31.840 --> 58:32.630 you make the top. 58:33.150 --> 58:36.030 And these separate and that would have is who can that will have 58:36.030 --> 58:38.310 the indian bonus which is to be is in. 58:38.820 --> 58:39.980 The two of them were fighting. 58:40.830 --> 58:44.790 And also and coastal hitter of ivan ivan punch-up and financial 58:44.820 --> 58:49.390 side sees who was when the post to you all can and when to a 58:49.430 --> 58:54.280 into a in them said to do up-tick of and We to temper some of 58:54.280 --> 58:57.440 the witches few team union Gomez. But eventually released. 58:58.070 --> 59:01.590 What windpipe and that none of the raise some 120 it's made in 59:01.590 --> 59:03.360 the other so well off of. 59:03.860 --> 59:06.690 And them show up that they'll be pricing looks of these fields. 59:07.250 --> 59:10.840 Um you know and I hope somebody will be of yet to be the spike 59:10.880 --> 59:13.930 it in the low self. Well like this but just remember her sells 59:13.930 --> 59:15.580 power generators for them. 59:17.150 --> 59:18.710 David steve just to. 59:19.530 --> 59:20.430 Just wanna get that. 59:21.600 --> 59:24.270 The a lot of that suffered was lose. Confidence. 59:28.940 --> 59:30.510 Then you're a do that I love. 59:32.360 --> 59:32.580 The way. 59:33.240 --> 59:34.760 About how all of them. 59:35.650 --> 59:37.050 Related to the supply. Tents. 59:40.040 --> 59:43.560 In the again it's not only based on my experience into three 59:43.560 --> 59:44.830 countries where we do. 59:46.130 --> 59:49.340 This is that all the work of the plan foundation and our partners 59:49.410 --> 59:50.210 there. But 59:54.170 --> 59:55.320 Africa's know as 59:57.070 --> 01:00:00.760 A lot of and equality in terms of economic opportunity and options. 01:00:01.360 --> 01:00:03.260 Like all places city. Country. 01:00:05.670 --> 01:00:08.100 The one thing that has spread like wildfire. 01:00:09.080 --> 01:00:12.470 The at that has all the world is cell phone technology which 01:00:12.470 --> 01:00:12.790 is why. 01:00:13.400 --> 01:00:16.710 You got it but is 23% the level of by account because of the 01:00:17.050 --> 01:00:20.730 cell phone technology and The to actually you can have two parts 01:00:20.730 --> 01:00:24.010 of the people liking just on their phones. 01:00:24.680 --> 01:00:27.410 Which is essentially what we're going in haiti that. 01:00:28.310 --> 01:00:29.110 And up. 01:00:30.020 --> 01:00:30.940 To some extent. 01:00:32.030 --> 01:00:33.620 Was based on my experience. 01:00:34.730 --> 01:00:37.860 We're ooh we have to have some power source. 01:00:38.840 --> 01:00:41.900 To preserve medical test for example one we. 01:00:42.430 --> 01:00:45.040 Try to build health clinics in rural areas. 01:00:46.460 --> 01:00:48.420 We need a. Combination. 01:00:49.150 --> 01:00:52.750 If we want to accelerate broken leg. Good. Even posts. 01:00:53.260 --> 01:00:55.130 Seven was power off the korean. 01:00:55.650 --> 01:01:00.110 And distributed power through solar wanna. Then bile mast to 01:01:00.420 --> 01:01:01.280 solemn west. 01:01:03.600 --> 01:01:06.890 Bow. So what should I can that if you were. 01:01:07.400 --> 01:01:11.280 The The energy and development minister of. 01:01:11.940 --> 01:01:16.070 In aid African country with a substantial world population which 01:01:16.070 --> 01:01:20.370 you pursue a dual strategy and if so what are the implications 01:01:20.370 --> 01:01:21.890 of that for. 01:01:22.610 --> 01:01:26.530 The investment funds and um and American companies won't be prisons there. 01:01:26.870 --> 01:01:29.740 So I would say you have a spreadsheet you'd you'd need you need 01:01:29.780 --> 01:01:32.890 all of this I got a hundred and or roughly a hundred and locked 01:01:32.890 --> 01:01:34.030 up somewhat frisbee. 01:01:34.670 --> 01:01:38.020 Enough so you just huge just pervasive. 01:01:38.790 --> 01:01:45.370 Um I think the great and it's not gonna be invested in Berkeley about. 01:01:46.220 --> 01:01:49.920 So I would advocate baby leading with distribute power. 01:01:51.010 --> 01:01:55.630 Uh that you've got to to solve for the gas availability issues. 01:01:55.630 --> 01:01:57.610 So you you know you can are start with fuel. 01:01:58.740 --> 01:02:02.240 You've got countries that have high grow capability in so high 01:02:02.240 --> 01:02:04.120 grown should be a real option. 01:02:05.050 --> 01:02:08.060 You've got countries that have not forecasts in the issue should 01:02:08.060 --> 01:02:11.660 be to get the natural gas prices the right way you can put it 01:02:11.660 --> 01:02:15.710 back in the system gets some pipeline are rail infrastructure 01:02:15.710 --> 01:02:16.910 to do distribute power. 01:02:17.790 --> 01:02:21.610 You got countries that have of a of wind came going like Kenya 01:02:21.610 --> 01:02:24.950 Tanzania where wind can the a optical. 01:02:25.730 --> 01:02:29.100 And the sun shines and most watched show solar that solar the 01:02:29.100 --> 01:02:31.660 sugar source. I can solve Africa's challengers. 01:02:32.450 --> 01:02:36.140 So I would pick the I would pick the country's thicken get downs 01:02:36.190 --> 01:02:39.150 do both more pinch a distribute cash. 01:02:39.790 --> 01:02:41.790 And the countries that have hydrogen quite wrong. 01:02:42.480 --> 01:02:45.190 Uh there's gonna have to be some calling next we're just not 01:02:45.190 --> 01:02:48.500 gonna be able to enforcer we we need the practical about where 01:02:48.500 --> 01:02:49.210 that goes. 01:02:49.870 --> 01:02:52.800 We are I have to be sure programs throughout the region. 01:02:53.740 --> 01:02:56.770 And and I think it's gonna take a multitude of different things. 01:02:56.770 --> 01:02:59.250 But what every government in this room. 01:03:00.030 --> 01:03:04.260 Should have a very transparent energy policy and you should have 01:03:04.260 --> 01:03:05.930 a very transparent financings. 01:03:07.040 --> 01:03:11.280 And and you know whether it's a traitor agree mantle power purchase 01:03:11.280 --> 01:03:14.100 agreements those are right away and I'm wrong we do those things 01:03:14.100 --> 01:03:18.200 for attracted to attract investment than to mr. President things 01:03:18.200 --> 01:03:19.630 that can be local ice here. 01:03:20.240 --> 01:03:23.240 Our I guess you know when you get you are gonna have about stay 01:03:23.240 --> 01:03:26.580 appeared to be able localize some gas turbine technology you 01:03:26.580 --> 01:03:28.250 can localize a lot of wind here. 01:03:28.880 --> 01:03:32.590 I so not only are use on an infrastructure issue your awesome 01:03:32.590 --> 01:03:35.970 finish all of job question. But I start with the fuels. 01:03:36.500 --> 01:03:38.830 And they go the structure of the most fun. I've beacons. 01:03:39.440 --> 01:03:42.070 I always say saw in these two problems first. 01:03:43.640 --> 01:03:47.310 Doing something like building a nuclear power plant is the hardest 01:03:47.310 --> 01:03:48.480 thing on earth to do. 01:03:49.200 --> 01:03:52.430 The cute later everything on our down picket harvested to partners. 01:03:53.180 --> 01:03:56.500 I just don't think that's gonna be pervasive technology Dickinson 01:03:56.540 --> 01:03:57.510 minutes and a. 01:03:58.580 --> 01:04:02.590 A A 100 that you're gonna common and as I do one a call at the 01:04:02.590 --> 01:04:06.280 close uh. This is a passion of mine which use a objects as well 01:04:06.310 --> 01:04:10.050 energy all city for nation States is something that I can one 01:04:10.050 --> 01:04:13.040 from all the rest of us a quote raul and this country still doesn't 01:04:13.040 --> 01:04:16.470 have a right to and one thing that countries can do regions. 01:04:16.470 --> 01:04:20.090 Of course you start the efficiency conservation end and then 01:04:20.120 --> 01:04:23.840 walk backwards into the Greek some the fuels forces because if 01:04:23.840 --> 01:04:27.020 you don't the fuel away and you cite new clues to a it right 01:04:27.020 --> 01:04:30.450 in the price of war all its proxy and that's it for a copy to 01:04:30.450 --> 01:04:33.980 compete on affordable energy affordable energy for these countries 01:04:33.980 --> 01:04:37.410 use the cynic one on issues the cushion up and it get all the 01:04:37.410 --> 01:04:40.820 things we want from competitiveness and job creation of us affordable 01:04:40.940 --> 01:04:44.830 to stop the BT you you'd never every use raw on the one that 01:04:44.830 --> 01:04:48.710 can greatly play too much full so national building standards 01:04:48.890 --> 01:04:52.570 generation skit intense us mop city designs like you know many 01:04:52.570 --> 01:04:55.690 companies of putting in place. Now walk out of traffic that would 01:04:55.690 --> 01:04:59.010 get to logistics love the whole notion of energy use in building 01:04:59.010 --> 01:05:02.230 to know we we weighs 40% of the energy we use in this country 01:05:02.230 --> 01:05:05.380 through bat buildings in black an actual building codes. If you 01:05:05.380 --> 01:05:09.600 can in fact the defeat at the use level and what the way back 01:05:09.660 --> 01:05:13.380 into the fueled solutions pay me feel fortunate that the on natural 01:05:13.380 --> 01:05:17.420 gas which is of course he was fueled a component menus that domestically 01:05:17.420 --> 01:05:20.550 before you end up exporting of for the one time gain pitcher 01:05:20.550 --> 01:05:23.700 that guinea. What do you do that thing that money back and do 01:05:23.700 --> 01:05:26.530 something weiss with that in terms of you see with the new economy 01:05:26.870 --> 01:05:30.410 liability VP keep diffuse the way. I think this is up all the 01:05:30.410 --> 01:05:34.320 above and destructive might have missions rose will lovely decipher for. 01:05:35.100 --> 01:05:35.910 We're gonna go. 01:05:36.950 --> 01:05:39.590 In it he has far alive mayor won't work. 01:05:40.740 --> 01:05:45.000 And and at the end of this town was the Chairman of a group called 01:05:45.000 --> 01:05:45.890 the sea forty. 01:05:46.640 --> 01:05:51.060 The big cities throughout the world dedicated to greater energy efficiency. 01:05:51.060 --> 01:05:56.750 Instead of only true point energy than urban areas. And The Upland 01:05:56.750 --> 01:05:58.160 foundation once a basic. 01:05:58.730 --> 01:06:02.350 The recall up woman or for a lot of this and we there are a lot 01:06:02.350 --> 01:06:06.540 of African cities today that are now on our coalition merit getting 01:06:06.540 --> 01:06:11.100 a sufficient but rip bus rapid transit than are trying to close 01:06:11.100 --> 01:06:15.270 all the landfills and using energy sources and the recycling 01:06:15.570 --> 01:06:20.370 an hour working up and down the lion to get more out of what's 01:06:20.400 --> 01:06:20.910 they are. 01:06:21.710 --> 01:06:23.160 And so it's no longer. 01:06:23.870 --> 01:06:28.260 People think it is a sound touchy-feely offbeat irrelevant issues. 01:06:28.910 --> 01:06:32.800 And uh I think it's authentic users more that kitchen perhaps 01:06:32.800 --> 01:06:35.470 later in the in the other panels and 01:06:37.070 --> 01:06:39.670 I don't think there's any big company in america this product 01:06:39.670 --> 01:06:42.900 the war on the sustainability issued walmart and so. 01:06:43.410 --> 01:06:46.450 What what do you think about just what does this as an opportunity 01:06:46.450 --> 01:06:50.510 for are in effect creating energy to study the going in africa 01:06:50.650 --> 01:06:53.510 that is connected to between your point around investment in 01:06:53.510 --> 01:06:56.890 a business opportunity in africa. We distributed energy. No we 01:06:56.890 --> 01:06:59.850 are in pursuit of are noble energy everywhere. We are where we 01:06:59.850 --> 01:07:02.840 operate around the world and use a lot of onset solar here in 01:07:02.840 --> 01:07:06.590 this country use a lot of high growing when mexico what in africa 01:07:06.590 --> 01:07:10.330 it just seems to me like there is a place given the alpine the 01:07:10.330 --> 01:07:14.390 jeff Davis for investments to to accelerate this process and 01:07:14.390 --> 01:07:17.710 do some generation skipping do what new equipment can do today 01:07:17.740 --> 01:07:22.020 compared to what old equipment used to require them in terms 01:07:22.020 --> 01:07:24.840 of energy is dramatically different and that is that his did 01:07:24.840 --> 01:07:27.980 a lot of scorers um in africa and seeing what a competitions 01:07:27.980 --> 01:07:31.010 doing what we're doing as a lot of waste in this system that 01:07:31.390 --> 01:07:35.610 new money could generate not only more efficiency but a tremendous 01:07:35.610 --> 01:07:38.100 for her I think there's an investment opportunity there. 01:07:40.280 --> 01:07:43.600 I think this place and just be the the of issues or so just looking 01:07:43.630 --> 01:07:46.800 at one fault which all provinces to because it's too. 01:07:47.360 --> 01:07:49.960 Premature public sick to trip in india. 01:07:50.510 --> 01:07:54.380 Um the end and we me to call more legislation that an oscar called 01:07:54.410 --> 01:07:58.420 sick to to participate in that's an end and ending have noted 01:07:58.420 --> 01:08:02.200 that I would say that you know we need to have countries focus 01:08:02.230 --> 01:08:03.690 on in each islamists and it's. 01:08:04.320 --> 01:08:08.170 It's making more seems to get the coast. You know if you look 01:08:08.170 --> 01:08:12.700 at us it's not necessarily be also to get the country. I'm for 01:08:12.700 --> 01:08:16.690 instance guest is noughts easily available in south africa. 01:08:17.270 --> 01:08:21.570 But acting is available in nigeria. So you know you need to look 01:08:21.570 --> 01:08:24.770 at fuel Souls says that that are unthinkable and make the most 01:08:24.770 --> 01:08:28.250 sought so if I wanted to be from the south African to speak to 01:08:28.610 --> 01:08:31.850 I would say that you know we need to use up that people call 01:08:31.850 --> 01:08:34.510 that had been accused most of the cook them you will jin-ichi 01:08:34.510 --> 01:08:37.540 sources which out government has a leading inch juice and that 01:08:37.540 --> 01:08:41.040 is so would be down the and then when you win ici looking at 01:08:41.040 --> 01:08:44.870 that the false picture. I'm seeing what can and should just first 01:08:44.870 --> 01:08:46.650 and then the and thinking that are taken. 01:08:47.350 --> 01:08:50.360 Um but I think this is still haven't all that nice to be done 01:08:50.360 --> 01:08:53.320 in terms of the give a true scientists. Well making sure that 01:08:53.350 --> 01:08:56.760 we have bit and and having it invented that he's interested in. 01:08:59.020 --> 01:09:03.530 But He has a business from the nothing to the end of three. 01:09:04.600 --> 01:09:10.640 Lapd. A good to me to call from various sources the more um you 01:09:10.640 --> 01:09:13.600 know some punch go on I mean and you know what the title. 01:09:14.210 --> 01:09:19.540 With a lot of called of tests. I mean to D8 a image you don't 01:09:19.540 --> 01:09:20.620 wanna plucked a show. 01:09:21.230 --> 01:09:24.970 That's because of some 460 treating TV pita that. 01:09:25.550 --> 01:09:29.850 I Y modi you may use up long been and uh to the people that's 01:09:30.170 --> 01:09:33.740 so that squared off side that and uh you know what can be quite 01:09:33.740 --> 01:09:34.080 and looked. 01:09:34.640 --> 01:09:38.710 Up but I think we need to be in multiple attention. 01:09:39.350 --> 01:09:41.690 To power a and that's me the base. 01:09:42.290 --> 01:09:46.180 Uh because if we would you want to have inclusive golf most of 01:09:46.180 --> 01:09:49.780 these small and medium and to prices that no one will come this 01:09:49.860 --> 01:09:50.330 up a. 01:09:51.330 --> 01:09:53.800 The movie the mike to fall to if we G. 01:09:54.310 --> 01:09:56.790 But I think you've got for okay. 01:09:58.570 --> 01:10:02.530 I think something that we be to do and eegs daily important Unkrich call. 01:10:03.110 --> 01:10:09.580 Separately a with this Allah interaction became a free cup um 01:10:09.890 --> 01:10:14.080 United States. I press me dignity they it's very important and 01:10:14.080 --> 01:10:16.520 parliament to extend a only mule. 01:10:17.120 --> 01:10:20.290 The aches and banks such as you know because the big. 01:10:20.790 --> 01:10:23.990 Enough to countries what that being that the a couple to paul 01:10:24.370 --> 01:10:27.990 Craig eat into what you want but quit miss america to be he's 01:10:28.050 --> 01:10:29.020 a pump to tea. 01:10:29.570 --> 01:10:31.710 The cost of the cheap and achieve the you have. 01:10:32.240 --> 01:10:35.650 It is very they've gone to to be close to enable compliment in 01:10:35.650 --> 01:10:39.340 look up to you so much it's the indigent. So I made it quote 01:10:39.340 --> 01:10:42.640 men's that gave a punt 50 I get that he's not renewed. 01:10:43.580 --> 01:10:46.170 I think they'll want you to be to plantation and 01:10:48.170 --> 01:10:50.860 First of all of that we're all have innovators agreement on this 01:10:50.860 --> 01:10:51.410 I find it. 01:10:51.950 --> 01:10:54.860 Blazing economics is not the olive tree. 01:10:55.910 --> 01:10:59.990 And a furor running the country you've got a truck creating opportunity 01:10:59.990 --> 01:11:02.690 for all your business is to be competitive. 01:11:03.290 --> 01:11:07.070 That's ali extend by a or more ridiculous playing some of that 01:11:07.160 --> 01:11:10.410 exxon um but the last six months and I have a my adult lifetime. 01:11:11.250 --> 01:11:13.810 I also believe is very important extend a go. 01:11:15.470 --> 01:11:20.470 And And to improve that I think we could do logo in a way that 01:11:20.470 --> 01:11:24.850 would encourage more economic diversification and africa. 01:11:25.880 --> 01:11:27.500 And I won't wear wished that. 01:11:28.550 --> 01:11:33.110 Uh. Not only are African penguins. But others here would give some. 01:11:33.680 --> 01:11:34.810 Thought to that you know. 01:11:35.380 --> 01:11:38.590 We right now we're wiegers wanna get extended but. 01:11:39.200 --> 01:11:42.940 Think about how to crafty extension. So that we can support the 01:11:43.520 --> 01:11:47.300 Development aspirations of the various African nation 10 what 01:11:47.390 --> 01:11:51.720 people really the Uh what we're out of time. We have to talk 01:11:51.830 --> 01:11:55.230 to you know enough about. Education and trainee about. 01:11:55.800 --> 01:11:59.560 The BMW inclusion of women and girls than the economic plan for 01:11:59.560 --> 01:12:03.270 the future there. Are so many things in a could be said about. 01:12:03.960 --> 01:12:07.820 A finance infrastructure energy that presumably will be set later. 01:12:09.350 --> 01:12:13.270 But I hope that everybody who's here because you're interested 01:12:13.270 --> 01:12:14.760 bone not yet and. Fall. 01:12:17.320 --> 01:12:19.960 Is now more interested in more determined that the in ball. 01:12:20.560 --> 01:12:23.250 And I hope that all of our African friends. You are here. 01:12:24.860 --> 01:12:30.460 World. Excel right the auto these we have to do things together. 01:12:31.090 --> 01:12:35.540 Uh uh the I think the United States and its business community. 01:12:36.170 --> 01:12:41.950 The this relationship as much or more as africa and its business community. 01:12:42.730 --> 01:12:45.120 The this is a very important part of our future. 01:12:46.070 --> 01:12:48.080 And that up just like this I. 01:12:48.980 --> 01:12:50.150 One final thing. 01:12:51.050 --> 01:12:54.080 Wanna she's to car was approved talking before we came out. 01:12:55.100 --> 01:12:57.100 And I one more time purdue story. 01:12:57.720 --> 01:13:00.120 And I thought of all the people. 01:13:01.010 --> 01:13:02.710 Who were driven out of. Uganda. 01:13:05.130 --> 01:13:10.370 And the amazing stories. So many of them made it reinforced something 01:13:10.370 --> 01:13:14.790 that we shouldn't forget here. And tell us grades and a willingness 01:13:14.790 --> 01:13:17.730 to work party evenly distributed throughout the world. 01:13:18.290 --> 01:13:22.380 Investment opportunities and says sums are warts mark right here 01:13:22.650 --> 01:13:23.170 are not. 01:13:24.290 --> 01:13:28.000 That's really what was an about all of us to be given the chance 01:13:28.470 --> 01:13:32.400 theater do our work like the gates foundation and not too far 01:13:32.400 --> 01:13:36.620 to like a lot of money out of the fact that this gap was occurred 01:13:36.960 --> 01:13:38.340 which should now be clones. 01:13:39.040 --> 01:13:39.860 And up. 01:13:40.740 --> 01:13:44.510 I see the world by president jim cam appear. He's gonna help 01:13:44.510 --> 01:13:45.040 was do it. 01:13:45.830 --> 01:13:47.980 Of the American governments committed to help us do it. 01:13:48.560 --> 01:13:51.430 With just remember his speech in a way that might be the most 01:13:51.430 --> 01:13:54.260 important like it's part of this study just morning. 01:13:54.780 --> 01:13:58.810 They got prophet us to look 50 envelope what he's gonna last 01:13:58.810 --> 01:13:59.770 play TV years. 01:14:00.440 --> 01:14:04.820 And you should never of that italy palma single to right to do that. 01:14:05.410 --> 01:14:06.120 We won. 01:14:06.750 --> 01:14:09.210 To create the African home. 01:14:09.770 --> 01:14:13.380 As a place of opportunity for Africans and from those who want 01:14:13.380 --> 01:14:17.610 to work with him and I think we should get our Pavlov's especially 01:14:17.610 --> 01:14:19.330 our African fans that they can..