full transcript
From the Ted Talk by Sangu Delle: In praise of macro -- yes, macro -- finance in Africa
Unscramble the Blue Letters
Consider these two alternative soreancis. One: You loan 200 dollars to each of 500 bnanaa farmers allowing them to dry their surplus bananas and fetch 15 percent more revenue at the local market. Or two: You give 100,000 dollars to one svvay entrepreneur and help her set up a factory that yields 40 percent additional income to all 500 banana farmers and creates 50 aiiadndtol jobs. We invested in the second sanrieco, and backed 26-year-old Kenyan entrepreneur Eric Muthomi to set up an agro-processing factory called swtai to produce gluten-free banana-based foulr and baby food. Stawi is leveraging economies of scale and using mdreon manufacturing processes to create value for not only its owners but its workers, who have an ownership in the business. Our dream is to take an Eric Muthomi and try to help him become a Mo ihirbam, which requires skill, financing, lacol and global partnerships, and extraordinary pvrenreesace.
Open Cloze
Consider these two alternative _________. One: You loan 200 dollars to each of 500 ______ farmers allowing them to dry their surplus bananas and fetch 15 percent more revenue at the local market. Or two: You give 100,000 dollars to one _____ entrepreneur and help her set up a factory that yields 40 percent additional income to all 500 banana farmers and creates 50 __________ jobs. We invested in the second ________, and backed 26-year-old Kenyan entrepreneur Eric Muthomi to set up an agro-processing factory called _____ to produce gluten-free banana-based _____ and baby food. Stawi is leveraging economies of scale and using ______ manufacturing processes to create value for not only its owners but its workers, who have an ownership in the business. Our dream is to take an Eric Muthomi and try to help him become a Mo _______, which requires skill, financing, _____ and global partnerships, and extraordinary ____________.
Solution
- modern
- savvy
- perseverance
- local
- additional
- stawi
- ibrahim
- scenarios
- scenario
- flour
- banana
Original Text
Consider these two alternative scenarios. One: You loan 200 dollars to each of 500 banana farmers allowing them to dry their surplus bananas and fetch 15 percent more revenue at the local market. Or two: You give 100,000 dollars to one savvy entrepreneur and help her set up a factory that yields 40 percent additional income to all 500 banana farmers and creates 50 additional jobs. We invested in the second scenario, and backed 26-year-old Kenyan entrepreneur Eric Muthomi to set up an agro-processing factory called Stawi to produce gluten-free banana-based flour and baby food. Stawi is leveraging economies of scale and using modern manufacturing processes to create value for not only its owners but its workers, who have an ownership in the business. Our dream is to take an Eric Muthomi and try to help him become a Mo Ibrahim, which requires skill, financing, local and global partnerships, and extraordinary perseverance.
Frequently Occurring Word Combinations
ngrams of length 2
collocation |
frequency |
free trade |
2 |
banana farmers |
2 |
eric muthomi |
2 |
economic freedom |
2 |
regular investment |
2 |
Important Words
- additional
- allowing
- alternative
- baby
- backed
- banana
- bananas
- business
- called
- create
- creates
- dollars
- dream
- dry
- economies
- entrepreneur
- eric
- extraordinary
- factory
- farmers
- fetch
- financing
- flour
- food
- give
- global
- ibrahim
- income
- invested
- jobs
- kenyan
- leveraging
- loan
- local
- manufacturing
- market
- mo
- modern
- muthomi
- owners
- ownership
- partnerships
- percent
- perseverance
- processes
- produce
- requires
- revenue
- savvy
- scale
- scenario
- scenarios
- set
- skill
- stawi
- surplus
- workers
- yields