Magatte Wade, Unlocking Prosperity in Africa (#53)

The Kevin Rose Show

Kevin Rose

Technology, Business, Entrepreneurship

4.9 • 2.1K Ratings

🗓️ 16 April 2024

⏱️ 91 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Kevin is joined by Magatte Wade, renowned for her TEDTalk and activism dedicated to unlocking prosperity in Africa. Magatte discusses the challenges and opportunities facing Africa today. She elaborates on her journey since the talk, focusing on her efforts to improve Africa's economic conditions through innovative startup cities and advocating for economic freedom. Magatte provides a deep dive into the intricacies of creating prosperous environments in Africa, her personal experiences with bureaucratic challenges, and her vision for Africa’s future. Partners: Notion: Try Notion AI free to automate tedious tasks and streamline your work Manscaped: 20% off precision engineered grooming tools with code KEVINROSE Facet: Personalized Financial Planning + $250 enrollment fee waived Guest Bio and Links: Magatte Wade is the world's leading African prosperity activist. She was made famous initially for a TEDTalk she made in 2017 about what she argues is an excessive regulatory environment in Africa which forces young Africans to emigrate for economic reasons. She is an entrepreneur, keynote speaker, and the author of The Heart of A Cheetah. Listeners can learn more about Magatte Wade at her website https://www.magattewade.com/, on X @magattew, and on YouTube @MagatteWadeOfficial Resources: Why it's too hard to start a business in Africa -- and how to change it The Heart of a Cheetah Be the Solution: How Entrepreneurs and Conscious Capitalists Can Solve All the World's Problems by Michael Strong and John Mackey Africa Unchained: The Blueprint for Africa's Future by George Ayittey Why Africa Needs Startup Cities Show Notes: (0:00) Introduction (0:50) Manscaped - Get 20% off with code KEVINROSE at manscaped.com (2:30) Notion - Try Notion AI for free at kevinrose.com/notion (4:20) Today’s guest is Magatte Wade (6:50) Why it's too hard to start a business in Africa -- and how to change it (12:00) Slavery in the 21st century (14:50) Reasons Africa has been one of the fastest at adopting cryptocurrency and bitcoin (17:00) What makes money ‘sound’ (19:55) Facet: The Future of Financial Planning - www.facet.com/kevinrose (22:10) Question: What do you need to have happen so that rather than leaving Africa, there can be places in Africa that are entrepreneurial hubs that have true prosperity? (27:00) “How come some countries like mine are poor while others are rich?” (27:15) Stereotypes surrounding the African economy (30:40) Magatte’s journey into entrepreneurship (36:00) “You were always raised to criticize by creating. Got a problem with this? What's your solution? It doesn't have to be the right one, but get on that journey of solving.” (45:15) Question: Where do you feel you are going to have the most impact in your mission? (46:15) The Heart of a Cheetah (47:30) Magatte discusses the conflicting African ideologies (51:10) Question: Is it going to take a series of iterative changes or a revolution to have Africa prosper? (57:30) The concept of startup cities in Africa (59:00) The British common law explained - Dubai being the example (1:07:35) Próspera | Maximize Human Prosperity (1:19:00) Partners in Próspera (1:23:00) Inspirations, mentors, and closing thoughts Connect with Kevin: Website: https://www.kevinrose.com/ Instagram - @KevinRose X - @KevinRose YouTube - @KevinRose

Transcript

Click on a timestamp to play from that location

0:00.0	Bring us up to speed though since that really famous TED Talk, like what does your life look like?
0:04.4	The case I was trying to make is why is Africa still the forest region in the world?
0:08.8	In terms of how easy or hard it is to start a company?
0:10.8	You tell me why African countries, all 50 of them, are basically at the bottom of that list.
0:17.0	Despite having some of the greatest riches in the world, do you know what it is for others, Kevin? For others others it is you pack yourself into little
0:23.9	fishermen's boats trying to cross to somewhere in Spain and oftentimes that boat tips
0:30.0	on the ocean.
0:31.0	I heard you called that at one point people are turning into fish food?
0:33.7	Yeah, basically we are still serving as fish food.
0:37.2	That's the sea route.
0:38.2	Let's take land route.
0:39.2	What happens to us?
0:40.2	Most of the time we get stuck in Libya.
0:41.6	And being stuck in Libya means you get sold as a slave.
0:44.4	Yes, in the 21st century.
0:46.4	So what happened in my situation was...
0:48.4	The one question for you then is like...
0:50.4	All right, it's that time. This episode is brought to you by Manscaped. True story, a few years ago, I got their razor. It's called the lawnmower. It's fantastic, and it's largely because
1:05.0	How do we say this if you're trimming these sensitive areas that we have we all have
1:10.0	You can get cut and it's not fun. It hurts and it's not a good look. So they have
1:16.3	something called the skin safe blade that doesn't cut you when you're
1:20.5	trim in some sensitive areas. I've been using the lawnmower ever since.
	...

Transcript will be available on the free plan in -270 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Kevin Rose, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Kevin Rose and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.