Latest / Earn Your Leisure / EYL #29 Mama Africa

Transcript

EYL #29 Mama Africa · Earn Your Leisure

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  Speaker 2: All right, guys, Welcome back Episode twenty nine. This is
• 1:03
  Speaker 2: an extremely special episode for us because we are going international, right,
• 1:11
  Speaker 2: We're going international vir content. As we said before, a
• 1:15
  Speaker 2: lot of people you know, always access for stuff outside
• 1:18
  Speaker 2: of America, so we thought this would be a good
• 1:19
  Speaker 2: idea and we're gonna touch Mother Africa, the continent.
• 1:23
  Speaker 3: We got a large fan base out there, yeah for sure.
• 1:25
  Speaker 2: So before I start, I wanted to shout out all
• 1:27
  Speaker 2: of our international listeners. We are trending on the top
• 1:30
  Speaker 2: charts and a lot of different companies countries Canada, South Africa, Mosambique, Nigeria, Kenya, Ghana, Tanzania, Grenada, Barbados, Barswana, Jamaica, UK,
• 1:43
  Speaker 2: DR the Netherlands and Trinidad. They say Tanzania, I think
• 1:49
  Speaker 2: I said Tanania. So yeah, shout out to you guys
• 1:53
  Speaker 2: man that we really appreciate you. You know, coming from America,
• 1:57
  Speaker 2: coming from New York, who knew that somebody in South
• 2:00
  Speaker 2: Africa will be interested in our conversation. But once again,
• 2:03
  Speaker 2: that just goes to show you the power of the Internet.
• 2:06
  Speaker 2: And in Great Britain too, Oh yeah great. But well
• 2:09
  Speaker 2: we're gonna do something in London.
• 2:10
  Speaker 3: Ye, A lot of people from London always asking us
• 2:12
  Speaker 3: when we come in.
• 2:13
  Speaker 2: Toronto and London are two biggest international markets, so you
• 2:17
  Speaker 2: know that's special. But we know everybody else and it's
• 2:21
  Speaker 2: all a melting pot to a lot most people from
• 2:24
  Speaker 2: our listeners, probably in Toronto and UK, they're immigrants on
• 2:28
  Speaker 2: some level. Their parents, you know, they come from Africa,
• 2:31
  Speaker 2: they come from Jamaica, they come from the island. So
• 2:34
  Speaker 2: it's all a melton pot. It all mixes together. So
• 2:38
  Speaker 2: we have a very familiar guest if you listen to
• 2:42
  Speaker 2: the podcast, because he was the guest on the last podcast.
• 2:45
  Speaker 2: It's pushing a double hitter. It's qucially the double header
• 2:48
  Speaker 2: for us first, y'all, so welcome back having me.
• 2:55
  Speaker 3: Yeah, yes, we did a wardrobe story. It was too long.
• 2:57
  Speaker 3: We had to make sure you get two episodes.
• 3:00
  Speaker 2: Yes, yes, all right, so we're going to talk about Africa. Right.
• 3:02
  Speaker 2: We're gonna talk about a lot of different things in Africa,
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  Speaker 2: but first we're going to talk about something that started
• 3:08
  Speaker 2: in America reached over to Africa, which is basketball.
• 3:12
  Speaker 3: Right.
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  Speaker 2: Basketball is a global sport. If anybody is not familiar,
• 3:15
  Speaker 2: I played basketball in my whole life. That was my
• 3:18
  Speaker 2: original plans going to the NBA.
• 3:20
  Speaker 3: As most young people in our community.
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  Speaker 2: Yes, right, so now my son has to live up
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  Speaker 2: to that.
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  Speaker 3: There's a lot of pressure on them.
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  Speaker 2: So so, but the NBA is strategically spreading its wings
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  Speaker 2: across the globe.
• 3:36
  Speaker 3: Right.
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  Speaker 2: If you know anything about sports, you know soccer is
• 3:39
  Speaker 2: the most dominant sport in the world football football, It's house. Yeah, yes, exactly.
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  Speaker 2: American football is what they call our football. That's the
• 3:50
  Speaker 2: most popular sport in almost every country in the world.
• 3:53
  Speaker 2: But basketball is catching up close, probably second in majority
• 3:58
  Speaker 2: of the countries. It's huge in Asia. Think it's like
• 4:01
  Speaker 2: the number one sport in China, and it is the
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  Speaker 2: number two sport in Africa, right behind soccer football. So
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  Speaker 2: the NBA decided that they're going to open a branch
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  Speaker 2: in Africa.
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  Speaker 3: Yeah.
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  Speaker 2: I actually wrote about this on Instagram. But it's going
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  Speaker 2: to be NBA Africa.
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  Speaker 4: I think nine different countries are going to be participating,
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  Speaker 4: and it just shows the spread of the game. And
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  Speaker 4: I think it goes back to we can we can
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  Speaker 4: pinpoint it back to like the original Dream Team in
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  Speaker 4: nineteen ninety two.
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  Speaker 3: Hopefully all listeners can remember back that far.
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  Speaker 4: It seems crazy to us, but like, yeah, nineteen ninety
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  Speaker 4: two when the Dream Team played at in Goola and
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  Speaker 4: they won by like seventy something points, But it was
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  Speaker 4: the fact that you had people from a country in
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  Speaker 4: Africa competing with Michael Jordan, Magic Johnson and Larry Bird
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  Speaker 4: and all those greats and then fast forward, right, like
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  Speaker 4: a guy like Joel Embiid who's now an NBA superstar,
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  Speaker 4: And you know gods like Surge and Vodka and Siakam
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  Speaker 4: come from you know, countries in Africa.
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  Speaker 3: You can contribute to that, to that game, of course.
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  Speaker 4: And it's similar to like how like Rashall was saying,
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  Speaker 4: like China it's number two sport there, right, or close
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  Speaker 4: maybe number one, but like the impact that a guy
• 5:13
  Speaker 4: like Yao Ming has had of course, right. So like
• 5:16
  Speaker 4: you see now when when NBA players, especially those who
• 5:19
  Speaker 4: have marketing deals, they do the season right and the
• 5:22
  Speaker 4: first stop they that they have on the off season,
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  Speaker 4: they do it to China exactly right, right, And then
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  Speaker 4: you got companies like Leaning and all these other companies
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  Speaker 4: signing guys because they know the global spread of it,
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  Speaker 4: right right, Like that's our export. Whereas sports like baseball
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  Speaker 4: it's played in China but not played in other countries,
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  Speaker 4: right right. Like and same thing with American football. They
• 5:41
  Speaker 4: tried it in London, botch.
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  Speaker 5: And that's what was the only international American sports exactly
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  Speaker 5: the fact.
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  Speaker 2: So you you used to work for NBA League pass right,
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  Speaker 2: that's right?
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  Speaker 3: Yeah? And then so.
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  Speaker 2: You you were a part of the African launch of
• 5:54
  Speaker 2: the NBA Pass. Yeah, yeah, can you talk about that?
• 5:57
  Speaker 3: Sure? Sure, sure, So I pay out every every year.
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  Speaker 5: So EMI League Pass for those who don't knows, like
• 6:01
  Speaker 5: the Netflix for basketball. So obviously you could watch if
• 6:04
  Speaker 5: you live in New York. Well let's say you live
• 6:06
  Speaker 5: in Chicago. You basically if you're your local television station
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  Speaker 5: is only going to show you the Bulls, right, and
• 6:12
  Speaker 5: then maybe you could watch maybe a national televised game.
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  Speaker 3: That has some other teams. But let's say you live.
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  Speaker 5: In Chicago and you are a Rockets fan and you
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  Speaker 5: want to watch every game, you had to subscribe to
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  Speaker 5: the NBA League Pass.
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  Speaker 3: And so that's how it works in the US.
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  Speaker 5: But people that are NBA fans internationally, they're not going
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  Speaker 5: to get as many games on their local television or
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  Speaker 5: they may not even people can.
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  Speaker 3: Record what national exactly.
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  Speaker 5: So now you can watch all the games on your app,
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  Speaker 5: on your app or your Apple TV or your local
• 6:40
  Speaker 5: or your PlayStation.
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  Speaker 3: So I was on the team that was responsible.
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  Speaker 5: For growing the Digital plaf Digital League Pass outside the
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  Speaker 5: US and Africa was a major focus for US and
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  Speaker 5: it was a growth area from a monetary standpoint. China Australia, Canada, UK,
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  Speaker 5: where the where the I guess the places that most
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  Speaker 5: of the revenue came from.
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  Speaker 3: But for the what they saw the future growth.
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  Speaker 5: From was was Africa for two reasons, not only from
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  Speaker 5: customer consumption standpoint, but from a talent standpoint too.
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  Speaker 3: Yeah. I remember, I'm a huge Bulls fan.
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  Speaker 4: So I remember Lou Dang, right, and he's doing some
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  Speaker 4: amazing things in Africa.
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  Speaker 3: But like you know, he's doing stuff with Nipsey's partner.
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  Speaker 2: Yeah, gross David Charlotte, David Gros get him on the podcast.
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  Speaker 2: So like, what was the plan do you know, like
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  Speaker 2: the NBA's plan to because obviously this is planned out.
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  Speaker 2: What was their plan to move into Africa?
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  Speaker 5: So there's I mean there's always been relationships. You mentioned
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  Speaker 5: gla game, but there's been NBA players from Africa since
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  Speaker 5: the eighties, right. So you had a Keem who changed,
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  Speaker 5: You had new Ball, his son just got drafted exactly.
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  Speaker 3: Then you had uh change his name. Yeah, there was
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  Speaker 3: no age prior to him coming to America. When he
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  Speaker 3: went to Houston, they put the h on it.
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  Speaker 5: I'm not even sure what the best today's yes, right,
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  Speaker 5: And then you had the Kirie Matumbo Pools who followed
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  Speaker 5: a new pat Bowl and Millon Ball.
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  Speaker 4: We mentioned, Yeah, the KEMPE has some direct ties into
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  Speaker 4: getting the league into Africa.
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  Speaker 5: Right, so you know those old players always had philanthropic
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  Speaker 5: relationships with the league, right, so like doing doing like
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  Speaker 5: you know, nonprofit stuff. But in that what happened was
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  Speaker 5: the league would go there and like wow, like you're
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  Speaker 5: from this tribe and everybody in this tribe at six
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  Speaker 5: y nine, and like, we can do something here. And
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  Speaker 5: obviously you have the visual league being the you know,
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  Speaker 5: the blackest league, right, there's some visual connections there, and
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  Speaker 5: so they had to realize and then I think they
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  Speaker 5: learned a lot from the other leagues, right, for instance,
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  Speaker 5: the investment that the MLB mess Major League Baseball doesn't,
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  Speaker 5: the Maican Republic doesn't, Venezuela doesn't. In some of these
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  Speaker 5: other countries where there's a bunch of talent is on
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  Speaker 5: another level. So they're like, hey, we could do this.
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  Speaker 5: We can make this whole content on our farms. They're
• 9:00
  Speaker 5: trying to do that. Now, that's funny you said that.
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  Speaker 4: Major They just had the Yankees and the Red Sox
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  Speaker 4: play in London and everybody was like, we don't even
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  Speaker 4: care about baseball. It's like it's soccer or it's cricket, right,
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  Speaker 4: you know what I'm saying, So like that's true, like
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  Speaker 4: they're trying to spend it two and I think maybe
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  Speaker 4: and maybe it's true or not. But because of the
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  Speaker 4: population of Africa, like we know that majority of the
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  Speaker 4: population is under like twenty five exactly, right, so there's
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  Speaker 4: a huge growth curve exactly for potential athletes and business people,
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  Speaker 4: right exactly.
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  Speaker 2: So a lot of people asked the question. I wasn't
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  Speaker 2: really one hundred percent sure.
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  Speaker 3: The teams.
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  Speaker 2: I don't know if you know or not, but the teams,
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  Speaker 2: like the nine teams, who's going to be the owners
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  Speaker 2: of those teams? You know, people in Africa?
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  Speaker 3: Or yeah?
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  Speaker 5: So this actually so I left the league prior to
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  Speaker 5: this being an announced. I don't know one hundred percent
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  Speaker 5: sure the full structure, but what I remember it being
• 9:47
  Speaker 5: is a combination, like a co ownership between the league
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  Speaker 5: and local partners.
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  Speaker 2: Yeah okay, because well, how do you feel personally just
• 9:54
  Speaker 2: your personal opinion about that. Do you feel like Africa
• 9:58
  Speaker 2: would have been better to have their only because you're
• 10:00
  Speaker 2: Europe has their own leagues, Like people come go from
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  Speaker 2: America all the time, and Africa does have leagues. In
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  Speaker 2: Nigeria specifically, it's not it's not the same it's not
• 10:08
  Speaker 2: the same level of Europe. So but like the EuroLeague
• 10:11
  Speaker 2: is very strong. Do you feel like they could have
• 10:13
  Speaker 2: done better at just forming a league together themselves or
• 10:17
  Speaker 2: do you feel like the NBA is a is a
• 10:18
  Speaker 2: good partnership for them.
• 10:20
  Speaker 3: The NBA is a good partnership.
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  Speaker 5: Like you said, there are already leagues, they just haven't
• 10:24
  Speaker 5: really taken off to the same level having had. And
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  Speaker 5: also there's an issue in Africa, not only between a
• 10:30
  Speaker 5: from a sports perspective, but from a business perspective where
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  Speaker 5: there's not too much inter country trade, right, and so
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  Speaker 5: I think it would have been difficult for like a
• 10:40
  Speaker 5: league to be cross continental and to have different things
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  Speaker 5: and all the ownerships being like inclusive in those specific countries.
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  Speaker 5: I think the NBA being an outside force for bad
• 10:52
  Speaker 5: for worse American Western sports force and tying it together
• 10:56
  Speaker 5: makes it.
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  Speaker 3: A lot better.
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  Speaker 4: People got to visualize that, right, because this isn't like
• 11:00
  Speaker 4: you're going from New York to Florida.
• 11:03
  Speaker 3: You're going from country to country.
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  Speaker 4: So like when they have a Spanish League that they're
• 11:07
  Speaker 4: all in that country, exactly what Africa's trying to do here.
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  Speaker 3: Like literally you're going to nine different countries and.
• 11:12
  Speaker 5: Even you know, the the European leagues, just like the
• 11:16
  Speaker 5: soccer leagues, you have the you know, you like in
• 11:18
  Speaker 5: soccer you have Barcelona playing against Byron or Real Madrid
• 11:23
  Speaker 5: I mean, or Manchester United. Like traveling between those countries,
• 11:28
  Speaker 5: like their countries are really compact. Like traveling between these
• 11:30
  Speaker 5: countries are not really a big deal. And they have
• 11:32
  Speaker 5: the funds to do that. Like you can't take a
• 11:34
  Speaker 5: train from Legos to Acra or Legos to to you know, Johannesburg,
• 11:40
  Speaker 5: like it's it's it's not the same, right, So I
• 11:42
  Speaker 5: think the level of investment that you need in the
• 11:46
  Speaker 5: organization you would need, the NBA could work that out.
• 11:49
  Speaker 3: Yah, that makes it a good partner.
• 11:50
  Speaker 2: And I think the African Union actually did that. They
• 11:52
  Speaker 2: just announced that they're going to eliminate tariffs on into
• 11:58
  Speaker 2: continental trading. We wrote about that on Instagram as well.
• 12:02
  Speaker 2: I think it's like forty countries involved, and yeah, I
• 12:05
  Speaker 2: think that's going to start next year where tarrofts will
• 12:08
  Speaker 2: be eliminated for the majority of the continent. So they
• 12:11
  Speaker 2: actually hopefully they're going to start doing more because you said,
• 12:15
  Speaker 2: like you know, it's not a lot of that going
• 12:17
  Speaker 2: on right now, but hopefully that's a step in the
• 12:18
  Speaker 2: right direction where they can actually start to trade in
• 12:22
  Speaker 2: between the continent with each other. So all right, so
• 12:24
  Speaker 2: now we got we got the league covered, but we're
• 12:26
  Speaker 2: going to go into some more interesting things on the
• 12:28
  Speaker 2: continent on the next segment. All right, so we're now
• 12:33
  Speaker 2: we're gonna talk about content, right because continents King, We've
• 12:36
  Speaker 2: covered content on America, but we haven't covered continent internationally.
• 12:40
  Speaker 2: So Iroco yep, can you explain that?
• 12:43
  Speaker 5: Yeah, so Iroco is Aroco TV is the is a website.
• 12:48
  Speaker 5: It's a startup that was created in twenty and eleven.
• 12:52
  Speaker 5: I work there from twenty twelve through almost twenty fifteen.
• 12:57
  Speaker 5: And so what it is is basically the Netflix of Africa.
• 13:00
  Speaker 5: And the question is why do you need in Netflix
• 13:02
  Speaker 5: of Africa is because the third big the third biggest
• 13:05
  Speaker 5: movie marker in the world is actually out of Nigeria.
• 13:07
  Speaker 5: So number one is Hollywood. Number two is Bollywood. Number
• 13:11
  Speaker 5: three is is Knowllywood. I heard it's a huge there.
• 13:18
  Speaker 5: It actually one of the years I worked there. It
• 13:20
  Speaker 5: actually grows about eight hundred million USD in that place,
• 13:25
  Speaker 5: and it's a tremendous market. It's it's interesting, at least
• 13:29
  Speaker 5: from my perspective, I might have consumed too much Western content.
• 13:32
  Speaker 5: It's not really my thing. But the movies are being
• 13:35
  Speaker 5: produced for like less than ten thousand dollars and in
• 13:38
  Speaker 5: like two weeks high volume. As you can imagine. Because
• 13:41
  Speaker 5: the market, the movies are not the highest priced and
• 13:44
  Speaker 5: the biggest budget. You're not really seeing action movies. These
• 13:47
  Speaker 5: are like romantic movies, comedy movies, movies where you don't
• 13:51
  Speaker 5: need special effects. But basically the way it worked is
• 13:54
  Speaker 5: the gentleman I worked for. He's a Nigerian brit So
• 13:58
  Speaker 5: he lives in London, travel to London to Nigeria often
• 14:02
  Speaker 5: to see family or whatever. And at the time, all
• 14:05
  Speaker 5: of the content was in DVDs. So what his mom
• 14:08
  Speaker 5: would do is go from London and Legos, spend maybe
• 14:12
  Speaker 5: Christmas time or whatever their family, come back with a
• 14:14
  Speaker 5: suitcase full of of DVDs. He was like, well, why
• 14:19
  Speaker 5: can't my mom consumed the content the same way I
• 14:22
  Speaker 5: do on Netflix? And so that's how the ideas started.
• 14:25
  Speaker 5: So move back to Nigeria, took that, took the DVD
• 14:29
  Speaker 5: content digitized. It also built relationships with some of the
• 14:32
  Speaker 5: movie producers. To them, they were like, because Netflix wasn't
• 14:36
  Speaker 5: even a big thing out there at the time, They're like,
• 14:38
  Speaker 5: you want you want to give you want to pay
• 14:39
  Speaker 5: me for my digital rights? And to them they're like,
• 14:42
  Speaker 5: I don't really know what digital rights means, but like
• 14:44
  Speaker 5: you want to give me some money, it's whatever. So
• 14:46
  Speaker 5: they he got some exclusive pretty pretty uh cheaply and
• 14:50
  Speaker 5: basically took that, took those that piece of content, initially
• 14:55
  Speaker 5: put it on YouTube. It started blowing up, and because
• 14:58
  Speaker 5: people that emigrated outside Africa that lived in the US UK,
• 15:02
  Speaker 5: they were able they were now able to see the
• 15:04
  Speaker 5: latest movies without having a wait for people to send
• 15:06
  Speaker 5: the DVDs back. And then he eventually actually raised money
• 15:10
  Speaker 5: from a US venture capital, so that firm was actually
• 15:13
  Speaker 5: the probably one of the first two Africa based tech
• 15:17
  Speaker 5: firms to get the US venture capital in twenty eleven,
• 15:21
  Speaker 5: and I joined them and opened up their New York
• 15:24
  Speaker 5: office because their biggest audience, even though they had African content,
• 15:29
  Speaker 5: were Africans in the US and so and then it
• 15:32
  Speaker 5: kind of grew from there.
• 15:34
  Speaker 3: Wow.
• 15:34
  Speaker 4: So Netflix itself, right, he said, it's the Netflix of Africa.
• 15:38
  Speaker 4: It doesn't exist on all continents, right, And that's one
• 15:41
  Speaker 4: of the things they said that it probably potentially has
• 15:43
  Speaker 4: some great growth and we documented, you know, some of
• 15:46
  Speaker 4: its setbacks as well.
• 15:47
  Speaker 3: But what is like the price point on a rucual
• 15:50
  Speaker 3: TV type situation.
• 15:52
  Speaker 5: The latest price is it depends on the country, but
• 15:56
  Speaker 5: the latest price is it's actually similar to Netflix.
• 15:59
  Speaker 3: So they have a nine ninety nine plan.
• 16:02
  Speaker 5: There's one that's around uh around six ninety nine, but
• 16:07
  Speaker 5: it's actually priced in and UH at least in Nigeria
• 16:10
  Speaker 5: and uh Nayra. And it's very volatile. It depends on
• 16:14
  Speaker 5: the US the exchange rate. But the company's expanded. So
• 16:18
  Speaker 5: since I worked there, they've done a lot of production.
• 16:22
  Speaker 5: So they're actually making movies content. Yeah, and actually they
• 16:27
  Speaker 5: they they as of two weeks ago, they actually ended
• 16:30
  Speaker 5: up selling that production house to a French media conglomerate
• 16:36
  Speaker 5: called kind Out kind Out Plus, so kind c A
• 16:40
  Speaker 5: n A L plus.
• 16:42
  Speaker 2: How so, how many countries are there.
• 16:43
  Speaker 3: In so the the rocal content is global. It is everywhere.
• 16:48
  Speaker 5: So there when I was there and and and even
• 16:51
  Speaker 5: now there's customers in over two hundred countries in the
• 16:54
  Speaker 5: world because the African ds port is everywhere.
• 16:57
  Speaker 3: And it's just started by African.
• 16:58
  Speaker 5: African, Yeah, Africa and German so uh so basically too,
• 17:04
  Speaker 5: they went so that the German person and an African
• 17:08
  Speaker 5: person went to school in Manchester.
• 17:11
  Speaker 3: They met.
• 17:11
  Speaker 5: The African person came up with the idea and then
• 17:14
  Speaker 5: he co founded it with the German individual and they
• 17:17
  Speaker 5: both moved full time to Legos and built it out.
• 17:20
  Speaker 5: Ended up opening an office in New York and London
• 17:23
  Speaker 5: to help distribute the content.
• 17:24
  Speaker 2: Something else was was recently started with a German and
• 17:27
  Speaker 2: an African right that went public.
• 17:31
  Speaker 5: Junior Ji so based the Ali Baba of Africa exactly.
• 17:35
  Speaker 5: So there's this company called Rocket Internet started by German brothers.
• 17:41
  Speaker 5: And what they do is they actually built, they built.
• 17:45
  Speaker 5: They built companies that are successful in the first world,
• 17:48
  Speaker 5: so Amazon back group on all that kind of stuff,
• 17:52
  Speaker 5: and they built it in like emerging markets where those
• 17:54
  Speaker 5: companies are not there yet. And so what they did
• 17:56
  Speaker 5: was they looked at Ali Baba slash Amazon and they
• 17:59
  Speaker 5: decid had to build it in Africa and they called
• 18:01
  Speaker 5: it Jumia. And so they're in Nigeria there in Kenya,
• 18:05
  Speaker 5: and there's some other countries as well, and so yes,
• 18:07
  Speaker 5: there there, it's interesting there is there is like I
• 18:10
  Speaker 5: guess a few people of German descent that build tech
• 18:14
  Speaker 5: companies in Africa.
• 18:15
  Speaker 4: So that's so they're literally watching the world as it's
• 18:17
  Speaker 4: happening and saying, all right, let's go to a part
• 18:19
  Speaker 4: of world where it's not happening.
• 18:20
  Speaker 3: And let's build it there. Exactly.
• 18:21
  Speaker 4: But I mean from a kid from Queens Man, like
• 18:24
  Speaker 4: your journey has been out of this world, like a
• 18:28
  Speaker 4: vision like that, your studies, whatever it take you like.
• 18:31
  Speaker 5: No, definitely not definitely not man, it's just kind of
• 18:33
  Speaker 5: like uh working in you know, went to school. I
• 18:38
  Speaker 5: knew I wanted to do business. They didn't know what
• 18:40
  Speaker 5: that really meant because I didn't really have business people
• 18:43
  Speaker 5: in my my you know, my family or even around me.
• 18:46
  Speaker 5: Haitian rights, yeah, man, Haitian thing is like hey, mom's
• 18:51
  Speaker 5: a nurse, you're going to be a doctor, or if
• 18:56
  Speaker 5: you don't want to be a doctor, to be a lawyer,
• 18:57
  Speaker 5: if you're gonna be a layer, be engineering, and so
• 18:59
  Speaker 5: this business think it was something different and uh study
• 19:03
  Speaker 5: business got was was was fortunate to be part of
• 19:06
  Speaker 5: an internship and called in Roads in college. In college
• 19:09
  Speaker 5: that introduced me to Wall Street for lovel wall Street
• 19:12
  Speaker 5: financial crisis happened, fell out of love of Wall Street,
• 19:14
  Speaker 5: went to school and kind of discovered tech and the
• 19:17
  Speaker 5: world and how it was using around the world, and
• 19:20
  Speaker 5: kind of that's kind of how I ended up working
• 19:21
  Speaker 5: at the company.
• 19:22
  Speaker 2: So we talk about music. I know you I mentioned
• 19:25
  Speaker 2: on the content of musical content, Yeah, which is hot
• 19:28
  Speaker 2: right now. As far as afrobeats, it's a bunch of
• 19:32
  Speaker 2: artists out there with his kid.
• 19:33
  Speaker 3: Uh he just put out his album. Yeah yeah, yeah.
• 19:37
  Speaker 2: Somebody else has had a song on the radio they
• 19:39
  Speaker 2: keep playing all the time. Uh that Joanna song. Joanna
• 19:44
  Speaker 2: is like things that.
• 19:46
  Speaker 4: I forget the name the title. Then God, all I
• 19:50
  Speaker 4: know is that it follows me every time I get
• 19:51
  Speaker 4: in the car.
• 19:51
  Speaker 3: Is knows he's burning up. Now.
• 19:54
  Speaker 2: I think you got a song with casting over to
• 19:56
  Speaker 2: but yeah, can you talk about that?
• 19:59
  Speaker 3: Yeah yeah, yeah, yeah yeah.
• 20:03
  Speaker 5: So we back then we uh, this is twenty twelve
• 20:06
  Speaker 5: to thirteen, and so obviously being in the movie space
• 20:10
  Speaker 5: in Nigeria, there was a cause proximity to the musical
• 20:13
  Speaker 5: space and so the CEO came out with the idea
• 20:16
  Speaker 5: like all right, let's come up with a company called
• 20:17
  Speaker 5: ira King, which we would it's basically Spotify for Africa
• 20:23
  Speaker 5: where we take that content. And so a lot of
• 20:24
  Speaker 5: these people you talk about we did. We were the
• 20:27
  Speaker 5: first ones to digitize that content even back then.
• 20:31
  Speaker 3: And uh, it was too early. It was too early.
• 20:35
  Speaker 5: I mean the company was out there and it just
• 20:38
  Speaker 5: the music wasn't as popular yet here. And then obviously
• 20:42
  Speaker 5: probably after they decided to wrap it up and focus
• 20:45
  Speaker 5: only on music, I mean movies one hundred percent.
• 20:48
  Speaker 3: Like that's when like Whisky was doing songs with Drake
• 20:51
  Speaker 3: and it was just an early thing.
• 20:52
  Speaker 5: And if they were, if they were to capt that
• 20:54
  Speaker 5: up like that company would have been something different because
• 20:58
  Speaker 5: that you know, afrobeat is the thing.
• 21:00
  Speaker 3: Right right now for sure. Yeah.
• 21:01
  Speaker 5: So and it's it's it's it's it's crazy. I mean
• 21:05
  Speaker 5: because of the Internet, you know, music and content and
• 21:09
  Speaker 5: just cultures is so there's no borders.
• 21:11
  Speaker 3: Afrobeats feels like reggae to me.
• 21:13
  Speaker 2: It does a vib it's a whole vibe like that.
• 21:15
  Speaker 2: It's a similar type of vib I think.
• 21:17
  Speaker 5: So, you know, I think we're all in a similar
• 21:19
  Speaker 5: age groups like mid thirties whatever growing up in New
• 21:21
  Speaker 5: York City area, Like you couldn't go to like a
• 21:24
  Speaker 5: party in the late nineties and early two thousands without
• 21:26
  Speaker 5: hearing you know, dance had his time where he was
• 21:30
  Speaker 5: doing songs with everybody then. Like I think it was
• 21:33
  Speaker 5: a big era of like reggaetne reggae, albat is it.
• 21:40
  Speaker 5: So I think everybody there's always like some of this
• 21:42
  Speaker 5: this like African daspora music that's taking over.
• 21:47
  Speaker 3: Afrobeat is having this thing right now.
• 21:49
  Speaker 2: All of the music, I mean it has roots in
• 21:51
  Speaker 2: Africa of course, you know, as far as the drums
• 21:55
  Speaker 2: of course, and you know all of that stuff. So
• 21:57
  Speaker 2: you know, it's not surprised that it's popular because it's
• 22:02
  Speaker 2: always been popular, just not it wasn't framed in that way,
• 22:06
  Speaker 2: right right, So like you said, it sounds like reggae,
• 22:08
  Speaker 2: but really probably the reggae comes from that originally.
• 22:13
  Speaker 3: Like you know what I'm saying, So like jazz and.
• 22:15
  Speaker 5: What's fluid ben because people out there love reggae, people
• 22:18
  Speaker 5: out there love even Haitian music. White Clefs is huge
• 22:21
  Speaker 5: over there in Africa. Like I go, like, you know,
• 22:24
  Speaker 5: I that's why Cleves young. They might be the young. Yeah, exactly.
• 22:29
  Speaker 5: My you know, my my in laws are from Nairobian.
• 22:32
  Speaker 5: I go over there and like I go and I
• 22:35
  Speaker 5: listen to I'll be at a restaurant and then the
• 22:37
  Speaker 5: server would have a Jamaican wristband. I'm like, you've been
• 22:41
  Speaker 5: in Jamaica, Like you know, I've been you know, from
• 22:43
  Speaker 5: I mean Haitians, back from Queen So like, I've always
• 22:47
  Speaker 5: been around Jamaican's.
• 22:47
  Speaker 3: I've been in Jamaica many times.
• 22:49
  Speaker 5: And so I was like, oh, where you from in Jamaica,
• 22:50
  Speaker 5: Like what are you doing here in Narobi And They're like, no,
• 22:52
  Speaker 5: I've never been in Jamaica.
• 22:53
  Speaker 3: I just love reggae culture. Culture. The culture is huge, right,
• 22:58
  Speaker 3: and so yeah, it's kind of gone back.
• 22:59
  Speaker 5: So definitely, I do believe although reggae has African rules,
• 23:04
  Speaker 5: I think the afrobeats learned from reggae too.
• 23:07
  Speaker 3: Yeah, for sure.
• 23:07
  Speaker 2: And even I mean it's all cross because even if
• 23:09
  Speaker 2: you go to Jamaica, you see a lot of flags
• 23:13
  Speaker 2: from Ethiopia.
• 23:16
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  Speaker 6: An illegal alien from Guatemala charged with raping a child
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• 26:10
  Speaker 2: Shout out to the rosters. Yes, yes, yes, so you
• 26:13
  Speaker 2: know it's it's it's all. It's all connected for sure.
• 26:16
  Speaker 2: So let me ask you this as far as the
• 26:18
  Speaker 2: music scene, because you know the music is blowing up,
• 26:20
  Speaker 2: do they have record labels in Africa or are those
• 26:22
  Speaker 2: artists being signed to like American labels.
• 26:25
  Speaker 5: So they have record labels, but most of the people
• 26:29
  Speaker 5: that you see successful here are they have affiliations with
• 26:33
  Speaker 5: US record labels. And that's that's what's helped quite a
• 26:36
  Speaker 5: bit bad. At the time, it wasn't like that. But
• 26:40
  Speaker 5: you know, actually the individual that ran that division at
• 26:44
  Speaker 5: the company I was at here, he left and went
• 26:46
  Speaker 5: to Sony Music. So like the that at that time,
• 26:49
  Speaker 5: they realized that it was heating up and they started
• 26:52
  Speaker 5: putting people on the ground to kind of pull that
• 26:55
  Speaker 5: talent in and be that that in between. So yeah,
• 26:59
  Speaker 5: so for the most the people that you see now
• 27:01
  Speaker 5: and having success. They're backed by US powerhouses.
• 27:04
  Speaker 4: So even then, even at that venture in Iroco, your
• 27:08
  Speaker 4: job was to do the analytics, right, yeah, so what.
• 27:10
  Speaker 3: Type of things are you looking for? Like sure, sure,
• 27:13
  Speaker 3: so yeah, So it was a lot of things.
• 27:15
  Speaker 5: So the analytics were mainly analytics that you would see
• 27:19
  Speaker 5: on any digital platform. So I was responsible with looking
• 27:23
  Speaker 5: at the website, seeing where people were coming from and
• 27:27
  Speaker 5: use that information to figure out what the best marketing
• 27:30
  Speaker 5: campaigns were. Like you would see if people came from Google,
• 27:33
  Speaker 5: people came from an email, people came from Facebook. I
• 27:37
  Speaker 5: would look at also what people do on a website
• 27:39
  Speaker 5: to see whether we should do things to the website
• 27:41
  Speaker 5: that would make the navigation a lot easier. And then
• 27:45
  Speaker 5: from a content perspective, the cool thing about digital content
• 27:48
  Speaker 5: you could put numbers behind actually the amount of people
• 27:51
  Speaker 5: that were playing a certain piece of content, and then
• 27:53
  Speaker 5: I could go to the content team and they're like,
• 27:54
  Speaker 5: all right, drama movies are on average played twenty five
• 27:58
  Speaker 5: percent more on our web site. Therefore drama movies are
• 28:02
  Speaker 5: more viable. So they would use that information to go
• 28:05
  Speaker 5: to the negotiation table to decide what content to renew,
• 28:09
  Speaker 5: what to buy and et cetera.
• 28:11
  Speaker 3: The numbers guy.
• 28:13
  Speaker 2: All right, So in the next seven we're going to
• 28:15
  Speaker 2: talk about a few other things. And the question that
• 28:17
  Speaker 2: everybody asks anytime that we post anything about Africa is
• 28:21
  Speaker 2: it's China behind it, Chinese influence. So we're gonna talk
• 28:23
  Speaker 2: about Chinese influence in Africa a little bit. We're gonn
• 28:25
  Speaker 2: talk about some other things as well, So be right
• 28:27
  Speaker 2: back with that, all right. So one of the things
• 28:31
  Speaker 2: that everybody always comments, so anytime we post anything about
• 28:35
  Speaker 2: Africa is like the Chinese behind it, was Chinese involved
• 28:39
  Speaker 2: with So anybody's not familiar China. And it's not just Africa,
• 28:43
  Speaker 2: it's all over the world, right, Jamaica heavy and heavy influence.
• 28:48
  Speaker 2: China has a heavy influence in Jamaica and they also
• 28:52
  Speaker 2: have a heavy influence in Africa.
• 28:53
  Speaker 3: A lot of countries in Africa, the continent.
• 28:55
  Speaker 5: They really have a China has been involved in Jamaica
• 28:58
  Speaker 5: for a long time. Jamaican billionaire. Yeah, Chinese. Yeah, it
• 29:03
  Speaker 5: bugged me out the first time. I really I ain't
• 29:05
  Speaker 5: really I saw somebody that was Chinese, but they was
• 29:08
  Speaker 5: talking in Jamaican accents.
• 29:09
  Speaker 2: Why, but it's a lot of people in Jamaica. It's
• 29:14
  Speaker 2: a very diverse country.
• 29:15
  Speaker 3: Yeah, I mean my grandparents Jewish, you know what I mean.
• 29:19
  Speaker 4: So like when I heard both of your grandparents, my grandfather.
• 29:24
  Speaker 4: So when I when you see them on TV, talk
• 29:27
  Speaker 4: like my mom, my mom's last made The name is Twari,
• 29:29
  Speaker 4: which is a Jewish diamond company in Jamaica. So like
• 29:32
  Speaker 4: when I sold on TV, it's like bugs me out.
• 29:34
  Speaker 4: I'm like, wait, they don't look like us. They sound
• 29:36
  Speaker 4: just like us though it.
• 29:38
  Speaker 3: Is we It's crazy.
• 29:40
  Speaker 2: So all right, can we talk about that Chinese influence
• 29:42
  Speaker 2: in Africa?
• 29:43
  Speaker 5: China obviously, you know, since they kind of you know,
• 29:46
  Speaker 5: they're still communists kind of, but over the last whatever
• 29:49
  Speaker 5: three or four decades, they've embraced capitalism and it's been
• 29:52
  Speaker 5: with the aggression. The level of wealth that's being created
• 29:57
  Speaker 5: there is immense, level trade is immense, and with that
• 30:02
  Speaker 5: they want to be a world player, right, and to
• 30:06
  Speaker 5: be a world player you have to, you know, put
• 30:09
  Speaker 5: stakes in other places. And they see Africa as a
• 30:13
  Speaker 5: place that's been ignored by the Europeans, the US, et cetera.
• 30:17
  Speaker 5: And there's a lot of opportunity and the way they're
• 30:20
  Speaker 5: doing it is by using.
• 30:24
  Speaker 3: Financial capital as well as human capital. Right.
• 30:27
  Speaker 5: So what they there's a lot there's a lack of
• 30:29
  Speaker 5: infrastructure across the continent. So what they're doing, they're going
• 30:32
  Speaker 5: to countries and they're saying, hey, we'll build a new
• 30:35
  Speaker 5: highway for you, we'll build a new bridge for you,
• 30:38
  Speaker 5: we'll build a new factory for you. But you know,
• 30:43
  Speaker 5: after we build it, you know, maybe we have to
• 30:45
  Speaker 5: have exclusive rights to it. Maybe you know, we need
• 30:48
  Speaker 5: to do X, y and z, and so in doing that,
• 30:51
  Speaker 5: they're just building everything, you know, they're you know, they're
• 30:54
  Speaker 5: having the opportunity to kind of uh state their claim
• 30:57
  Speaker 5: and so they're going into it at least from the
• 31:00
  Speaker 5: onset of as if they're helping, which there is a
• 31:03
  Speaker 5: level of it.
• 31:03
  Speaker 3: But the way they're doing it, a lot of people
• 31:05
  Speaker 3: don't agree with.
• 31:06
  Speaker 5: It, right, because what they do is they you're not
• 31:08
  Speaker 5: hiring local people, right, they bring their own people to
• 31:11
  Speaker 5: build everything from China.
• 31:12
  Speaker 3: Yeah, cheaper labor, cheaper labor.
• 31:15
  Speaker 5: There's even people, I mean, I don't know if this
• 31:16
  Speaker 5: is true or not, but the people saying that they're
• 31:18
  Speaker 5: taking prisoners from China and using them as like labor
• 31:22
  Speaker 5: in Africa.
• 31:23
  Speaker 3: That's that's that's I don't I don't know the truth there,
• 31:26
  Speaker 3: that's there's a whole there's a whole story on it
• 31:28
  Speaker 3: on HBO UH Sports. They covered it. It was like
• 31:33
  Speaker 3: pretty in detail.
• 31:34
  Speaker 4: It was that was one of the rumors that they
• 31:36
  Speaker 4: covered so right, and you know, and you.
• 31:39
  Speaker 5: Know, I think, I don't want to I don't want
• 31:41
  Speaker 5: to like feed into like the whole Africa and nepotism
• 31:45
  Speaker 5: and and and corruption story.
• 31:47
  Speaker 3: But there's a lot of out there.
• 31:49
  Speaker 5: And so what they're doing is they're like sometimes they're
• 31:51
  Speaker 5: Greece in the pockets certain politicians and then politicians are
• 31:54
  Speaker 5: signing things.
• 31:54
  Speaker 3: Off and and that's it. So then you have a.
• 31:57
  Speaker 5: Road, you have a bridge, you have a something like that,
• 32:00
  Speaker 5: just a railroad built by Chinese hospital hospital. And then
• 32:05
  Speaker 5: you know then after that they have ownership or they
• 32:08
  Speaker 5: could have ownership. What they might do is they may
• 32:12
  Speaker 5: do something where they they offered, they built it, they
• 32:15
  Speaker 5: offered the financing, and they do it at like maybe
• 32:17
  Speaker 5: a user's interest rate to the point where the country
• 32:20
  Speaker 5: can't pay it and then they're stuck with it. So
• 32:22
  Speaker 5: you know, there's a story in Kenya that I could
• 32:24
  Speaker 5: go into if you want. Yeah, yeah, so Kenya recently,
• 32:27
  Speaker 5: you know there's a port that is in their uh
• 32:31
  Speaker 5: their Mambasa which is a huge port city. And in
• 32:34
  Speaker 5: Kenya where it was a port that was rebuilt shipping
• 32:37
  Speaker 5: port that was rebuilt by the Chinese and and and
• 32:40
  Speaker 5: part as part of the deal. Somehow they built it,
• 32:44
  Speaker 5: but they lent Kenyon's money to pay them for building it,
• 32:49
  Speaker 5: and then Kenyans cannot keep up with the interest rates
• 32:53
  Speaker 5: and they took the port over. But the what was
• 32:57
  Speaker 5: said is that it's it's temporary, but you know, you
• 33:01
  Speaker 5: know things are not always not.
• 33:02
  Speaker 2: But they did in Jamaica to this, so they built
• 33:04
  Speaker 2: the airplane. They bailed the airport out, like the second
• 33:07
  Speaker 2: largest airport in Jamaica, and it's like on a twenty
• 33:10
  Speaker 2: year lead, like they own it for twenty years, but
• 33:13
  Speaker 2: then they can buy it back at the twenty year mark.
• 33:17
  Speaker 2: But probably something tough me toughing them to buy it back.
• 33:20
  Speaker 2: So they probably just own the airport now, right.
• 33:21
  Speaker 5: But in their defense, I mean, Africa has been the
• 33:23
  Speaker 5: victim of like usurus financial transactions for a long time
• 33:29
  Speaker 5: because you know, most of Africa got independent in like
• 33:32
  Speaker 5: the sixties into the seventies. There have been multiple dictatorships
• 33:36
  Speaker 5: and all types of stuff and when they had when
• 33:39
  Speaker 5: they got independent, these European powers that were involved just
• 33:42
  Speaker 5: pulled out, didn't care. They left the countries in bad
• 33:46
  Speaker 5: shape and the World Bank IMF came in and a
• 33:51
  Speaker 5: lot of those loans were with caviast that were not
• 33:54
  Speaker 5: great for the countries. And so China's doing this kind
• 33:58
  Speaker 5: of just kind of just stepping into that role bit
• 34:00
  Speaker 5: and to the country, they're like, at least these people
• 34:02
  Speaker 5: are building us stuff. So like there's positive and negatives
• 34:05
  Speaker 5: to it.
• 34:06
  Speaker 3: Like all things in life.
• 34:07
  Speaker 2: So and then also, like you said, I mean, it's
• 34:09
  Speaker 2: the politicians are the ones that actually have to sign
• 34:11
  Speaker 2: off on it. They're not putting a gun at anybody's
• 34:14
  Speaker 2: head and taking the land over. So ultimately, if they
• 34:17
  Speaker 2: are taking over Africa, it's the politician's fault, right you can't.
• 34:23
  Speaker 2: I mean, you know, they're going to do what's best
• 34:26
  Speaker 2: for their country, right like any country would do. America
• 34:30
  Speaker 2: has done that for generations. Every country would do that.
• 34:34
  Speaker 2: But it's up to the country to say no, all
• 34:37
  Speaker 2: money is not good money.
• 34:38
  Speaker 5: Right right, right, you got that country has to think
• 34:41
  Speaker 5: long term and the leaders have think long term, and
• 34:43
  Speaker 5: that's not always the case. And another reason why they
• 34:46
  Speaker 5: love Africa is because they've been building so much in
• 34:51
  Speaker 5: in China. They need materials for that, and there's materials
• 34:55
  Speaker 5: in Africa, every material so you know, you can't do
• 35:00
  Speaker 5: They realize you can't do what they did in the
• 35:01
  Speaker 5: eighteen hundreds nineteen hundred, come with guns and whatever, like let's.
• 35:05
  Speaker 3: Let's let me do a deal with you.
• 35:06
  Speaker 5: I'm gonna go and build this school for this hospital,
• 35:08
  Speaker 5: give you buses, do whatever. And by the way, like
• 35:12
  Speaker 5: that mining over there, like yo, like I see can
• 35:16
  Speaker 5: we get see I.
• 35:16
  Speaker 3: See Belgians doing some stuff there.
• 35:18
  Speaker 5: I see some British Like, why don't you just like
• 35:20
  Speaker 5: let us hold that ourselves because we are We're really
• 35:23
  Speaker 5: your friend.
• 35:24
  Speaker 3: So yeah, that's that.
• 35:25
  Speaker 5: You know, they're they're they're definitely being strategic about it.
• 35:28
  Speaker 4: It's a gold continent for a reason, you know what
• 35:30
  Speaker 4: I mean. So in terms of like Americans of African descent,
• 35:34
  Speaker 4: what do you think long term as far as investments
• 35:36
  Speaker 4: in the continent.
• 35:37
  Speaker 5: Yeah, I think it's very very important for us to
• 35:40
  Speaker 5: be involved. I think there's a lot of opportunity. Like
• 35:44
  Speaker 5: we said on the side earlier, I think over fifty
• 35:47
  Speaker 5: percent of the population in Africa is.
• 35:49
  Speaker 3: Is under the age of twenty five.
• 35:52
  Speaker 5: I think that's I believe that's a stat that Africa
• 35:56
  Speaker 5: is one of the Africa in Asia all the only
• 35:58
  Speaker 5: two continents where the POB is growing, like the US, Europe, Japan,
• 36:03
  Speaker 5: Like these are places where people are having less or
• 36:05
  Speaker 5: less children, so there's less and less people, whereas in
• 36:08
  Speaker 5: Africa is growing. So therefore obviously you have more talent
• 36:11
  Speaker 5: and also more consumption. Obviously this is a place where
• 36:15
  Speaker 5: people of African set, whoever whoever they are, is it's
• 36:19
  Speaker 5: more of as.
• 36:19
  Speaker 3: Looked upon an asset.
• 36:20
  Speaker 5: Like it's it's not as easy for us to just
• 36:22
  Speaker 5: drop in Belgium or drop in Malaysia and just open
• 36:25
  Speaker 5: up a business. But like I'm not gonna say, I'm
• 36:27
  Speaker 5: not saying it's easy in Nigeria or but Tswana, but
• 36:30
  Speaker 5: it's easier, right, And I think it's just important, Like
• 36:35
  Speaker 5: you know, we've we we we come from that country,
• 36:37
  Speaker 5: that continent originally, everybody has a different story about how
• 36:40
  Speaker 5: they ended up here, right, and it would be I
• 36:44
  Speaker 5: think it's very important for us to like take take
• 36:46
  Speaker 5: part in it its resurgence.
• 36:48
  Speaker 2: Now for sure, I've seen Akon he said that he
• 36:51
  Speaker 2: encouraged all Americans, Black Americans specifically, to go back to
• 36:56
  Speaker 2: Africa and taking talent, like whatever talent you have, whether
• 36:59
  Speaker 2: it be real estate, whether it be manufacturing, construction, music, whatever,
• 37:05
  Speaker 2: and established business there because he was like, you know,
• 37:09
  Speaker 2: it's still a learning curve where it's still learning and
• 37:12
  Speaker 2: we might have the expertise to help out. And like
• 37:15
  Speaker 2: you said, even if you've never been, it's still a
• 37:18
  Speaker 2: connection on a certain level. It's got to be a
• 37:20
  Speaker 2: connection for sure. So there was there was.
• 37:23
  Speaker 4: I was speaking to a gentleman in Atlanta stop and
• 37:26
  Speaker 4: he does work in Africa, and he was telling me
• 37:27
  Speaker 4: something this might be true or not if you can
• 37:29
  Speaker 4: prove like through like your ancestry dot Com or something
• 37:31
  Speaker 4: like that, if there's any ties to country in Africa.
• 37:34
  Speaker 3: Like you can get a dual citizenship within like six months.
• 37:37
  Speaker 3: Is that true or not?
• 37:39
  Speaker 2: I think I think Ghana was offering African Americans. I
• 37:43
  Speaker 2: think they still are citizenship. It was like part of
• 37:46
  Speaker 2: a campaign come home campaign that they were running. I'm
• 37:49
  Speaker 2: pretty sure Gana was doing that. I'm not familiar with
• 37:51
  Speaker 2: any other country, but I know Gana specifically was offering that,
• 37:54
  Speaker 2: and I think they still are offering that. So shout
• 37:57
  Speaker 2: out to Ghana.
• 37:58
  Speaker 3: For sure. We gotta go back. We said that we
• 38:00
  Speaker 3: gotta gom sorry to go.
• 38:03
  Speaker 5: Yeah, we gotta go. We gotta do something out there.
• 38:05
  Speaker 5: It's a new way I saw on I g New
• 38:08
  Speaker 5: Year's like a lot of celebrities, a lot of people
• 38:10
  Speaker 5: are going to a crowd to something New Years.
• 38:12
  Speaker 3: So, yeah, hear me talking about that all the time.
• 38:14
  Speaker 5: He spends like the last two weeks of the year
• 38:16
  Speaker 5: in South Africa, right, Yeah, South Africa is beautiful.
• 38:19
  Speaker 2: Yeah, I want to go out to Africa period. You know,
• 38:22
  Speaker 2: there's so many different places in Africa. So yeah, we
• 38:25
  Speaker 2: definitely got touched. Can we talk about the.
• 38:29
  Speaker 5: Yeah, yeah, So am pessa is M stands for mobile
• 38:34
  Speaker 5: for mobile passa is money in Swahili and basically it's
• 38:38
  Speaker 5: mobile money. And so you know, obviously people use mobile
• 38:41
  Speaker 5: money all over the globe. In the US, we used
• 38:43
  Speaker 5: v we use cash app, but not to an extent
• 38:47
  Speaker 5: they use it out there. Like the first real successful
• 38:49
  Speaker 5: implementation of mobile money was in It was in Kenya,
• 38:53
  Speaker 5: and it's something that everybody uses. It's something that is
• 38:58
  Speaker 5: it's actually that's from like two thousand and eight, like
• 39:01
  Speaker 5: way back then, people were using money to sex message
• 39:05
  Speaker 5: to each other and it's it's still considered the most
• 39:08
  Speaker 5: successful implementation of mobile money. Like you, these are people.
• 39:12
  Speaker 5: These are you know, we've always had financial instruction infrastructure
• 39:16
  Speaker 5: in the US. You had bank accounts, you have credit cards,
• 39:19
  Speaker 5: et cetera. These are individuals that didn't even have that,
• 39:22
  Speaker 5: but they were able to transact digitally using their phones.
• 39:26
  Speaker 2: Yeah, I'm sorry, cut you up, but yeah, I saw
• 39:28
  Speaker 2: it in sixteen minutes. It was crazy because they were
• 39:30
  Speaker 2: saying that like how successful it was, and they were saying, like,
• 39:34
  Speaker 2: you know, especially in a lot of the rural parts,
• 39:37
  Speaker 2: they can't get to a bank. Even if there is
• 39:38
  Speaker 2: a bank, they can't get to it physically, So like
• 39:41
  Speaker 2: I forgot how much. But a large population, large part
• 39:44
  Speaker 2: of the population is unbanked and have bank acounts, never
• 39:46
  Speaker 2: had bank accounts, so not a mobile thing. But everybody
• 39:49
  Speaker 2: has to cell phone, even if it's like a cheap
• 39:51
  Speaker 2: cell phone, but they still have a cell phone. So
• 39:53
  Speaker 2: it made life tremendously easier when they developed that program
• 39:58
  Speaker 2: because not everybody uses that, so easy you don't have
• 40:00
  Speaker 2: to use the band. I think the guy is like
• 40:01
  Speaker 2: a billionaire who developed that.
• 40:03
  Speaker 5: Yeah, yeah, he was part of that, but also it
• 40:07
  Speaker 5: came together with a marriage between basically Seth Fari Khan,
• 40:11
  Speaker 5: which is like their Verizon, like their major cell phone provider,
• 40:15
  Speaker 5: and Equity Bank, which is a major bank. So it
• 40:17
  Speaker 5: was as if, you know, if I was to use
• 40:19
  Speaker 5: a parallel in the US, It's as if Verizon and
• 40:22
  Speaker 5: JP Morgan Chase came together and got along and they
• 40:25
  Speaker 5: just they created this huge digital digital thing in a
• 40:30
  Speaker 5: way because it's a it was emerging market and had
• 40:33
  Speaker 5: less infrastructure. You have fewer players, you had a few
• 40:36
  Speaker 5: fewer regulatory hurdles, and it just came together seamlessly and
• 40:39
  Speaker 5: took over.
• 40:42
  Speaker 2: That's powerful, man. So what's your overall outlook.
• 40:45
  Speaker 3: On the content?
• 40:46
  Speaker 2: I know you've been there a lot and your family
• 40:48
  Speaker 2: half your wife is from Kenyon as well, and you
• 40:50
  Speaker 2: worked in the NBA and stuff like that on on Africa.
• 40:53
  Speaker 5: What's your You're optimistic. I'm optimistic. I think similar to
• 40:59
  Speaker 5: like crypto, like you know, tread carefully. Like for instance,
• 41:02
  Speaker 5: if the people like from when I initially landed worked
• 41:07
  Speaker 5: in Africa to now, a lot of those currencies are
• 41:09
  Speaker 5: down like fifty percent, right, so they've they've you know,
• 41:14
  Speaker 5: there was a time and I would say the you know,
• 41:17
  Speaker 5: early twenty ten, so like to on ten to twenty fourteen,
• 41:20
  Speaker 5: where all those currencies were booming, there was so much
• 41:24
  Speaker 5: investment happening. But there's a there's been a lot of
• 41:26
  Speaker 5: like political unrest. The economies have not taken off to
• 41:30
  Speaker 5: the level that they that people thought, and so there's
• 41:33
  Speaker 5: been a lot of uh, there's been a bit of
• 41:35
  Speaker 5: a pullback. That being said, that's good opportunity to put
• 41:39
  Speaker 5: money in. I just want to put all my money in.
• 41:41
  Speaker 5: And also I would make sure that I think it's
• 41:43
  Speaker 5: very important for you to understand the local market, right,
• 41:46
  Speaker 5: So like, for instance, like you build an app out
• 41:48
  Speaker 5: here in the US, I'm building iPhone first be gets
• 41:51
  Speaker 5: over there, Android is king, right, you got to know
• 41:54
  Speaker 5: what people are going through. You have to know that
• 41:56
  Speaker 5: you know, one trouble we had, it's like all right,
• 41:57
  Speaker 5: well people, we want people to streaming movies or watch
• 42:00
  Speaker 5: schemes on their cell phone. In the US, my team
• 42:03
  Speaker 5: mobile data plan is unlimited. Over there, people are prepaid
• 42:07
  Speaker 5: and the infrastructure is not even that strong. So like
• 42:11
  Speaker 5: streaming those megabytes and to even watch a game like
• 42:14
  Speaker 5: you could kill somebody's whole monthly allotment of Watch one game,
• 42:18
  Speaker 5: all right, so.
• 42:19
  Speaker 3: They're more likely to wait until they could get to Wi.
• 42:21
  Speaker 5: Fi to download something, whereas we here don't care, right,
• 42:24
  Speaker 5: so you have to make sure if you would have
• 42:26
  Speaker 5: built a product for them, you have to take those
• 42:29
  Speaker 5: things to account.
• 42:31
  Speaker 3: That's dope.
• 42:31
  Speaker 2: That's yeah, man, thank you for that information.
• 42:34
  Speaker 3: Man.
• 42:34
  Speaker 2: We appreciate it, and we're gonna try This is actually
• 42:36
  Speaker 2: something that we want to try to do, uh, for
• 42:40
  Speaker 2: every every continent, so we all have like this was
• 42:42
  Speaker 2: an Africa addition, We'll have a Europe edition, We'll have
• 42:46
  Speaker 2: a South America.
• 42:48
  Speaker 3: Different countries, Caribbean edition. Yeah, yeah, different countries.
• 42:50
  Speaker 2: Because I feel like it's important a to acknowledge that
• 42:54
  Speaker 2: the people all over the world, and it's also important
• 42:57
  Speaker 2: once again for Americans investment. Majority of our listeners are Americans.
• 43:01
  Speaker 2: But you got to expand your mind. You got to
• 43:05
  Speaker 2: see the world for what it is. You got to
• 43:06
  Speaker 2: see bigger than just your neighborhood and your city. It's
• 43:08
  Speaker 2: tough a lot of times we get so bogged down
• 43:10
  Speaker 2: in our day to day life that we don't see
• 43:12
  Speaker 2: past our ten mile radius or even two mile radius,
• 43:16
  Speaker 2: Like we just worry about where we're at but the
• 43:19
  Speaker 2: world moves quick and you know, business is done all
• 43:23
  Speaker 2: over the world and just people. You know, it's good
• 43:26
  Speaker 2: to experience different cultures and know what's going on outside
• 43:28
  Speaker 2: of it's just your neighborhood. So we could be that
• 43:30
  Speaker 2: window of the world and bring people that are knowledgeable about,
• 43:35
  Speaker 2: you know, different areas in the world and actually travel
• 43:37
  Speaker 2: to those places as well. That's one thing we're going
• 43:40
  Speaker 2: to do. We're on toll right now hitting different cities
• 43:42
  Speaker 2: in America, but we're gonna eventually we're gonna go overseas
• 43:45
  Speaker 2: as well. We're going to go to these places and
• 43:47
  Speaker 2: actually talk to people in those actual countries as well.
• 43:50
  Speaker 3: Hopefully we can bring some alumni with us. Yeah, now
• 43:52
  Speaker 3: your alumni.
• 43:53
  Speaker 2: Now show up for sure. So once again, if you
• 43:57
  Speaker 2: got any opportunities speaking and gagings and feel free to
• 44:00
  Speaker 2: hit us up. Email us is the best, but email
• 44:02
  Speaker 2: dm us. We open it to traveling domestically and internationally.
• 44:06
  Speaker 2: We're going to be on a college tourist for We're
• 44:08
  Speaker 2: gonna hit a couple of colleges. We've been announcing that
• 44:10
  Speaker 2: pretty soon. So yeah, we're going to try to spread
• 44:13
  Speaker 2: the word of financial literacy and education all over the world,
• 44:16
  Speaker 2: every language, every population. As I said, it's not something
• 44:19
  Speaker 2: that's just limited to one communities, but every every community
• 44:24
  Speaker 2: world man con that's that's the kind of vision that
• 44:26
  Speaker 2: we're looking at all over the world. So once again,
• 44:30
  Speaker 2: thank you. Can you tell the people your information how
• 44:32
  Speaker 2: to how to reach you?
• 44:33
  Speaker 5: Yeah, no, thank you for having me. This was fun.
• 44:36
  Speaker 5: I uh, you find me on Twitter as well as
• 44:40
  Speaker 5: I G It's Fritz Chain so f R d z
• 44:44
  Speaker 5: c h A I N. My name Fitz Charles. On
• 44:48
  Speaker 5: LinkedIn you can add me and that's it.
• 44:51
  Speaker 3: Yeah.
• 44:51
  Speaker 5: I'm always you know, my dam is open. I'm always
• 44:55
  Speaker 5: willing to chat with people, learn from people.
• 44:57
  Speaker 3: And what's your podcast too, It's.
• 44:58
  Speaker 5: Called coin Gamma. Yeah, we talked about crypto blockchain forty
• 45:02
  Speaker 5: eight episodes then yeah, yeah, exactly, thank you. So, yeah,
• 45:05
  Speaker 5: we talk about crypto blockchain. We needed some of the
• 45:09
  Speaker 5: biggest leaders in the space. Just talking about the different trends.
• 45:12
  Speaker 5: It's always something new going on. Right now it's about Facebook,
• 45:15
  Speaker 5: so next week about it will be about something different.
• 45:17
  Speaker 3: You're talking about Libra yeah, Libra.
• 45:18
  Speaker 5: Yeah, so yeah, check me out and definitely appreciate your
• 45:22
  Speaker 5: time for support that.
• 45:23
  Speaker 3: Thank you for coming Troy. Yeah, pet you on community. Yeah,
• 45:27
  Speaker 3: I'll patreon community. It always grows. So thank you to
• 45:30
  Speaker 3: everybody that's supporting. You know.
• 45:31
  Speaker 4: That's our proud to pay program again, rest in peace
• 45:34
  Speaker 4: to it. I want to give a big shout out
• 45:37
  Speaker 4: to Brenda. She's one of our patrons from California. She's
• 45:41
  Speaker 4: trying to link the dots so we can come out
• 45:43
  Speaker 4: to Oakland. So shout out to Brenda and everybody that's joined.
• 45:46
  Speaker 4: Like I said, you can join at any tier. There's
• 45:48
  Speaker 4: about this five of them. But the more you support that,
• 45:51
  Speaker 4: the more we're gonna be able to do things like
• 45:52
  Speaker 4: travel internationally and domestically.
• 45:54
  Speaker 3: So continue to support that. We got some new merch.
• 45:57
  Speaker 4: If you was on Instagram, you saw the eyl Versity
• 46:01
  Speaker 4: that's coming soon, so be on the look out for
• 46:03
  Speaker 4: that and some more some more other things that we got.
• 46:06
  Speaker 3: We're gonna put on that on the website as well.
• 46:08
  Speaker 3: The website. We about the redesign.
• 46:09
  Speaker 2: Yeah about the redesign the website Digital brands with a
• 46:11
  Speaker 2: Z shout out to them, Yeah, for sure. And the merch, Yes,
• 46:15
  Speaker 2: don't forget the merch. The merger is another way to
• 46:17
  Speaker 2: support the podcast. So we have merch up right now
• 46:20
  Speaker 2: or your Legia dot com and putting new merch up,
• 46:22
  Speaker 2: and we make we make statements with our clothes, and
• 46:24
  Speaker 2: we complain a lot about designers that you know are
• 46:27
  Speaker 2: openly racist, and you know, we still.
• 46:30
  Speaker 3: Wear the clothes.
• 46:31
  Speaker 2: So it's like you why not wear something that you
• 46:35
  Speaker 2: know is a it says something like all of our
• 46:38
  Speaker 2: clothes say something that you know is financially related and
• 46:42
  Speaker 2: also you know it's from the culture. So that's a
• 46:45
  Speaker 2: way to support. And then we're on tour. As I
• 46:48
  Speaker 2: mentioned previously, we we hit La was the first stop
• 46:51
  Speaker 2: we're doing like these network meeting greets. La was the
• 46:53
  Speaker 2: first stop, was crazy, and then we did Brooklyn. Brooklyn
• 46:56
  Speaker 2: was really crazy, and then Atlanta and Atlanta was even more.
• 47:00
  Speaker 2: So we're just going to keep the momentum going. I
• 47:03
  Speaker 2: think the next stop that we're going to do is Houston.
• 47:05
  Speaker 2: Shout out to Ashtown, so Acetown man, we need your
• 47:09
  Speaker 2: hoy to show your love. We announce that soon.
• 47:11
  Speaker 3: We try and make it to the ranch y'all, so
• 47:13
  Speaker 3: like y'all got to help us get there.
• 47:14
  Speaker 2: Jane Prince, what's up man? A little keykey, what's up,
• 47:17
  Speaker 2: don key? That's my guy. We got a lot of
• 47:20
  Speaker 2: good people that we connected with in Houston. So I've
• 47:22
  Speaker 2: never been to Texas, so I'm looking forward to going
• 47:24
  Speaker 2: to Houston for sure, and then we're probably through DMV
• 47:28
  Speaker 2: Philly too. But if you want us to come to
• 47:31
  Speaker 2: your city, I know Chicago. We're kind of on the
• 47:33
  Speaker 2: cusp with that. A lot of people have been hitting
• 47:35
  Speaker 2: us about Chicago, but let us know, let us know
• 47:37
  Speaker 2: where we need to go. And the purpose of these
• 47:38
  Speaker 2: networking events is just to bring people together and to
• 47:42
  Speaker 2: meet new people and meet us, meet some of the
• 47:44
  Speaker 2: EYO alumni, but more importantly, meet people in your city,
• 47:48
  Speaker 2: exchange information, discuss business ideas. You never know who your
• 47:51
  Speaker 2: next business partner might be, never know who you can
• 47:53
  Speaker 2: make money with by homework, through different things of that nature.
• 47:56
  Speaker 2: So relationships are very important. A lot of times we
• 48:01
  Speaker 2: don't fully understand that. So that's the whole point of
• 48:03
  Speaker 2: these network meeting Greece that we're doing. And my book
• 48:07
  Speaker 2: tip of the Week is Howard French is the author
• 48:10
  Speaker 2: and the name of the book is China's Second Continent.
• 48:13
  Speaker 2: It's about Africa, China's influence in Africa. Fitting since we've
• 48:18
  Speaker 2: talked about that, so that's a good book, highly suggested,
• 48:22
  Speaker 2: recommend it. So yes, thank you guys for rocking with us,
• 48:25
  Speaker 2: and we will see you next week.
• 48:26
  Speaker 3: Peace. Peace, Peace.
• 48:28
  Speaker 6: An illegal alien from Guatemala charged with raping a child
• 48:32
  Speaker 6: in Massachusetts. An MS thirteen gang member from El Salvador
• 48:36
  Speaker 6: accused of murdering a Texas man of Venezuelan charged with
• 48:40
  Speaker 6: filming and selling child pornography in Michigan. These are just
• 48:44
  Speaker 6: some of the heinous migrant criminals caught because of President
• 48:48
  Speaker 6: Donald J. Trump's leadership. I'm Christine Noman, the United States
• 48:51
  Speaker 6: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 48:56
  Speaker 6: crossings are at the lowest levels ever recorded, where one
• 49:00
  Speaker 6: hundred thousand illegal aliens have been arrested. If you are
• 49:03
  Speaker 6: here illegally, your next you will be fine nearly one
• 49:07
  Speaker 6: thousand dollars a day. Imprisoned and deported, you will never return.
• 49:12
  Speaker 6: But if you register using our CBP home app and
• 49:15
  Speaker 6: leave now, you could be allowed to return legally. Do
• 49:19
  Speaker 6: what's right. Leave now. Under President Trump, America's laws, border
• 49:24
  Speaker 6: and families will be protected.
• 49:26
  Speaker 3: Sponsored by the United States Department of Homeland Security,