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.
[3:54] Jason believes Nixon went to China to open up a cheap labor market
[6:06] Is Africa the next low cost labor market?
NJ Ayuk Interview:
[10:47] Africa may not have first world countries, but it has some infrastructure that’s better than countries like the US
[14:04] Africa, unlike the United States, is not banking centric
[17:42] Money transfers have gotten so fast and easy that illiterate grandmothers are doing it
[21:21] What NJ views as the bedrock of a strong society