American Monetary Association 303: Africa's Changing Economies with NJ Ayuk
Jason Hartman talks with NJ Ayuk, Executive Chairman of African Energy Chamber, CEO of Centurion Law Group, and author of the new book Billions At Play: The Future Of African Energy And Doing Deals, about the development that's happening inside Africa. Many outside of Africa view the continent with skepticism, but there's a big shift happening, especially in the banking sector (or lack thereof). Jason and NJ discuss some ways that Africa in general is beating first world countries, as well as how a shift toward property rights could go a long, long way toward more prosperity.
Key Takeaways:
[4:35] Africa may not have first world countries, but it has some infrastructure that's better than countries like the US
[8:03] Africa, unlike the United States, is not banking centric
[11:30] Money transfers have gotten so fast and easy that illiterate grandmothers are doing it
[15:10] What NJ views as the bedrock of a strong society
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