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The Jim Rutt Show

EP 242 Magatte Wade on a Vision for African Economic Development

Jun 6, 2024
Magatte Wade, entrepreneur and author, discusses African economic development in the podcast. Topics include challenges with aid, African prosperity, forming a business in Senegal, free enterprise in pre-colonial Africa, special economic zones, and supporting African entrepreneurs.
01:10:11

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • African economic development hinges on entrepreneurship over aid, symbolized by 'cheetahs' prioritizing trade, not charity.
  • Hibiscus drink industry revival in Africa empowers women economically while preserving cultural identity.

Deep dives

The Heart of a Cheetah: Promoting Economic Freedom in Africa

Magat Wade, a Senegalese American entrepreneur, discusses her book 'The Heart of a Cheetah' honoring Ghanaian economist Georgia Ite. She highlights the concept of 'hippos versus cheetahs,' where cheetahs symbolize proactive African leaders promoting trade over aid. George Aite's influence on Wade's perspective emphasizes the importance of a shift towards entrepreneurship and economic development in Africa.

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