4. Exports: A large percentage of the population in Africa are involved in the agricultural value chain. Food security is something I believe France, like most countries are concerned about.
Let us sit down and look take a good look at our agricultural value chain in Africa to assess how we can add value.
This collaboration could potentially give French citizens access to high quality organic produce possibly at lower prices, as well as provide African countries with foreign exchange improving our balance of trade.
You don't have to buy all your avocados from Mexico or all your bananas from Costa Rica. We are ready to work on the standards of our produce and may need some technical assistance.
But why go all the way to Costa Rica, when we are here?? We have been in this relationship for a long time. Yes, it's been difficult, but as far as I know neither of us has filed for divorce.🤗🤣
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@EmmanuelMacron Thank you to your Government for hosting us for both the Ambition Africa event in Paris and the Afrique France event in Montpellier
I believe that there is so much opportunity for collaborative economic impact for both France and Africa.
But these are the top 3 for me.
1. Technology: Technology and technology investments are the future of our existence on this planet. Europe has fallen behind America and China in terms of these investments.
But it's important to remember that monetary policy is countercyclical, but prudential policy is procyclical.
If you are really interested then Goodhart and Schoenmaker,1993 make this point better than I can.
But I still talk about it on a slide in my lecture series where I focus on the relationship between central bank as LOLR (Lender of last resort) and monetary policy.
Just finished a team meeting that made me reflect on something Warren Buffet said in his 2002 annual report on peer pressure & corporate boards.
He admitted that even he the Oracle of Omaha, the Oga at the very top, at one point the richest man in the world, boss of bosses...
Sometimes couldn't talk on board when bad decisions were being made because he didn't want to rock the boat.
So he chose politeness and liability over potential animosity.
He people to like him. He didn't want to be seen as disagreeable despite the fact that everyone would have respected his opinion because of his stature and achievements.
"Even if a businessman intends only his own gain, he is led by an invisible hand to promote an end to which is not his intention"
-Adam Smith.
I don't 100% agree with Adam Smith. But I find his perspectives interesting because simply because they have so much money, Samad and Aliko give more money to charity than anyone else in Africa.
A lot of women's groups I join focus on helping girls in schools, mentoring young graduates, giving our palliative.
And they tell themselves "let's help each other the way men do".
But that's not the way men help each other.🤣🤣🤣
Guy how far, I get one deal, let's run it and split the profit. Is very different from let's spend our Saturday doing soap making lessons in Ikorodu and giving out food in Mushin.
These are laudable activities, but it's not the typical way that men help each other. Let's not be confused.
Men typically help each other in a way that is mutually financially or politically beneficial based on personal interest not altruism.
A lot of the rhetoric around success in Nigeria leaves us all hoping for a lucky break.
"Divine favour"
"Unmerited promotion"
"The only alert in your life this year will credit alert"
These things happen. But not for most people.
But there are things that you can do everyday that can increase your chances without having to rely on that one lucky break...and even increase your chances of having a lucky break.
1. Read as much as you can in your field/intended field
2. Try to spot statistical trends around what industries are currently or going to be "hot"
3. Take post graduate qualifications e.g an MBA/MSc/CFA/post grad diploma