The Economist's Africa editor compares East Africa's development with the rest of the continent

The Economist's Africa editor compares East Africa's development with the rest of the continent

In this episode I speak with Jonathan Rosenthal, the Africa Editor of The Economist.

Our paths crossed when I was back in London for a few weeks, and so we took the opportunity to meet, and speak about some of the continent wide trends which he’s seeing, from the vantage point of running the Africa desk for the magazine.

Most episodes you’ll have listened to on the show will delve into a particular aspect of running a company in East Africa. Teasing out the specifics of why a certain business decision has been made or not, or trends that are present within a particular industry niche.

This episode is slightly different.

Jonathan and I take a much broader look at Africa’s development through the lens of, say, government debt ratios and currency reserves.

Whilst this might seem a bit lofty, I’d encourage you to stick with it.

In listening to the other episodes you will (I hope) get an understanding of the micro level of business in the region.

To get a fuller picture requires, I believe, to understand the larger macro factors at play in the story of development.

One such example of this is the government policy of raising debt from local banks. Because the interest rates they offer are so high, it distorts the incentives for banks to lend to local businesses. As such, this macro level effect of “crowding out” the private sector trickles down to the suppression
of local businesses looking for capital to grow.

There are also references to the macro trends that can come from the innovation of rooftop solar systems. If you’d like to learn more on this, be sure to check out the Distributed Economy episode with Conrad Whitaker from Azuri Technologies.

The interview took place at The Economist HQ in London which, helpfully, has a recording studio of its own. If you’re interested in hearing more from The Economist, be sure to check out their regular podcasts which feature updates, insights and in-depth interviews that expand on their stories.

READ MORE AT:
https://theeastafricabusinesspodcast.com/2018/09/20/the-economist-how-east-africas-development-compares-with-the-rest-of-the-continent-with-jonathan-rosenthal-africa-editor-of-the-economist/

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The exciting ways brands can engage with a growing youth market in Uganda, with Belguin Prosper

The exciting ways brands can engage with a growing youth market in Uganda, with Belguin Prosper

Uganda has the world’s youngest population. Brands are waking up to the idea that if they can create loyalty amongst this large section of society, they will reap the rewards for years to come. But how? Well a lot of them are going to Belguin, who started Young & Free International, an organisation that helps brands engage with the youth of Uganda. Belguin gives an excellent overview of his journey so far, what campaigns he has seen work best, and what he learned from hosting a cultural exchange with students from Somalia… READ MORE AT:https://theeastafricabusinesspodcast.com/2016/11/09/marketing-how-brands-engage-with-the-growing-youth-market-in-uganda-with-belguin-prosper-of-young-and-free-international/

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Make up for African women - why imported cosmetics don't work and no-one trusts the Chinese

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How a credit marketplace can unlock the potential in SMEs, with George Bakka from Patasente

Interest rates in Uganda, and indeed the whole East Africa region, are by Western standards, very high. A small business looking for a short term loan from a bank will be expected to pay in the region of 10% interest per month. In an economy where payment is often made upon delivery, this causes problems in terms of getting access to working capital. In this episode, Bakka and I discuss Patasente, the platform he has started to essentially crowdfund credit agreements for small businesses so that they can raise funds to take on new contracts that come in, and grow their business. READ MORE AT:https://theeastafricabusinesspodcast.com/2016/10/26/sme-financing-building-an-enterprise-focused-credit-marketplace-with-george-bakka-from-patasente/

26 Loka 201635min

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If you consider businesses that solve Tier A problems, safe drinking water is pretty much top of the list. Across East Africa people are unable to drink from the tap, and so are left to either boil their own, or buy expensive water in a bottle. Galen started Jibu to address the need, creating a franchise where local entrepreneurs could treat tap water at source and sell it in reusable bottles to people in their neighbourhood. We discuss how the business started, the benefits and challenges that come from the franchise model, and Jibu’s vision to provide convenient safe drinking water for all. READ MORE AT:https://theeastafricabusinesspodcast.com/2016/10/19/bottled-water-franchise-decentralising-water-treatment-to-empower-entrepreneurs-in-east-africa-with-galen-welsch-of-jibu/

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New York, Paris, Kampala..? How and why Gloria Wavamunno started Uganda's international Fashion Week

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Across the world the pinnacle display of a country’s fashion is its annual “Fashion Week”. London, New York and Paris lead the way in this showcase of designers pushing the frontiers of design and style. Until Gloria Wavamunno started it a couple of years there was no Fashion Week in Kampala, Uganda. In this episode we discuss how and why she started the event, and cover a lot about the cultural and societal issues around fashion as well as giving an overview of the creative industries as a whole. Kampala Fashion Week 2016 is 20th – 22nd October 2016 READ MORE AT:https://theeastafricabusinesspodcast.com/2016/10/12/fashion-how-and-why-gloria-wavamunno-started-kampala-fashion-week/

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Smoothies: how a growing Rwandan enterprise sells healthy juices, with Anitha Dusabe of Twistiblendz

Smoothies: how a growing Rwandan enterprise sells healthy juices, with Anitha Dusabe of Twistiblendz

There’s (literally) tonnes of fruit in Rwanda, but only a tiny fraction of it ends up being whizzed up and drunk as smoothies. When it does, it’s usually at Twistiblendz. I speak with Anitha about the leap she took to start the venture (in partnership with Giles and an organisation named SMGF), her plans for expansion, and the general market for healthy produce in the countryREAD MORE AT:https://theeastafricabusinesspodcast.com/2016/10/05/smoothies-a-small-but-growing-rwandan-enterprise-selling-healthy-juices-with-anitha-dusabe-of-twistiblendz/

5 Loka 201627min

How using solar energy can drastically improve how farmers water their crops, with Flavia Howard

How using solar energy can drastically improve how farmers water their crops, with Flavia Howard

Water is fundamental to any sort of agricultural business. As it stands, a large portion of Rwandan farmers only get it from the sky, in the form of sporadic rainfall. This is despite plentiful lakes full of water being mere metres away. Irrigation is the general term process for artificially getting water on these crops, and Flavia and I discuss her evaluation of the market and the product she has been looking at (Future Pump) that provides a solar powered irrigation pump to smallholder farmers. READ MORE AT:https://theeastafricabusinesspodcast.com/2016/09/28/irrigation-systems-an-overview-of-innovations-in-how-farmers-in-rwanda-water-their-crops-with-flavia-howard/

28 Syys 201632min

Beanz Meanz Development: value addition by cooking and packing nutritious beans

Beanz Meanz Development: value addition by cooking and packing nutritious beans

From a GDP perspective, any business that “adds value” to a supply chain  is a good thing. Traditionally countries like Rwanda have been just growing agricultural produce, with other companies/ countries undertaking investment and reaping the benefits of manufacturing of a higher value product. FarmFresh is  different in that regard. I visited Christian Heremans at their “pilot factory” (a converted house) to see how his company are taking raw beans, and turning them into well packaged cooked beans for consumption in and out of Rwanda. READ MORE AT:https://theeastafricabusinesspodcast.com/2016/09/21/cooked-beans-the-food-business-of-bean-processing-in-rwanda-with-christian-heremans-of-farmfresh/

21 Syys 201629min

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