Sangu Delle: In praise of macro -- yes, macro -- finance in Africa
Sangu Delle - Investor
Sangu Delle is an entrepreneur and clean water activist. A TED Fellow who hails from Ghana, he sees incredible potential in the African economy. Full bio
in Africa are not working very well.
in African development-related aid
is lower than it was in the 1970s.
the IMF and the World Bank --
shows little empirical evidence
silver bullet is microcredit.
on this romanticized idea
is an entrepreneur.
in 40-plus countries across Africa
want jobs instead.
he founded Celtel International in '98
across 14 African countries by 2004.
than the everyman entrepreneur model,
of diffusion and knowledge-sharing.
leads to growth through competition.
to each of 500 banana farmers
their surplus bananas
at the local market.
to one savvy entrepreneur
that yields 40 percent additional income
and creates 50 additional jobs.
Kenyan entrepreneur Eric Muthomi
factory called Stawi
banana-based flour and baby food.
to create value for not only its owners
an ownership in the business.
and try to help him become a Mo Ibrahim,
local and global partnerships,
during the Berlin Conference of 1884 --
were not exactly consulted --
with small populations:
Cape Verde, 500,000.
with trade barriers and other impediments,
across the continent
outweigh the challenges,
Stawi's markets from just Kenya
and anywhere else that will buy our food.
empower farmers, create jobs,
and we hope to become rich in the process.
achieve the same feel-good
to buy a goat on kiva.org,
that scale pan-Africa
for which our forebearers fought
for economic freedom
so desperately need,
this is strong rhetoric.
and growing regular investment.
a role for microcredit at all?
to the bottom of the pyramid.
at the Marshall Plan
and we need jobs.
About the speaker:Sangu Delle - Investor
Sangu Delle is an entrepreneur and clean water activist. A TED Fellow who hails from Ghana, he sees incredible potential in the African economy.
Why you should listen
Traditional aid and microfinance platforms have good intentions, says Ghanaian investor Sangu Delle, but they largely haven’t worked. This TED Fellow proposes a different way: investing in pan-African entrepreneurial titans. Through Golden Palm Investments, the investment company he founded, Delle focuses on supporting smart businesses in Africa with big ambitions. GPI focuses on high growth industries and has funded promising startups like SOLO Mobile in Nigeria, mPharma in Ghana and Stawi Foods in Kenya. Because instead of lending small amounts to 500 farmers who’ll each make a small percentage more as a result, he’d rather lend a huge amount to one world class company with the ability to employ 500 people — and perhaps many more. Africa has a market of one billion people and, with more high-impact businesses, could quickly outpace other emerging economies, he says.
Sangu is the author of the upcoming book, Seeding Growth: Africa’s Youngest Entrepreneurs. He is also the co- founder of cleanacwa, a non-profit in Ghana that supports water and sanitation as basic human rights, and that is currently serving about 120 villages. In 2014, Delle was named one of Forbes magazine's “30 Most Promising Young Entrepreneurs in Africa.”
Sangu Delle | Speaker | TED.com