← Earn Your Leisure
Earn Your Leisure
Africa is America 100 Years Ago & China is Cashing In BIG - The Time to Invest is NOW!
00:11:54
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African Investment Expert
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Mint Mobile Advertiser
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Scott Hanson
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African Investment Expert
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Ryan Seacrest
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Scott Hanson
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African Investment Expert
Like if you look at Africa today, I mean you look at all of this, right? You look at guinea and whatever you see here, you go to Senegal, you go to Cote d', Ivoire, you're going to see the same. So this is kind of like America back in the mid-1800s, early 1900s, right? So back then the problem with the Europeans was like they're looking at America as the Wild west. Whereas like investment is really Risky. So, but the early investors, like the Carnegie's, the Rockefellers, all of that, the ones that took the risk early on today they. The one who control the financial industry in the state, which means they can. They control the financial industry globally. Right. And so Africa is at that point today. So you have, and you have a lot of investors actually interested in Africa. But there's still that what if, right. Like the risk and like, and mostly is like connected to political problems. Because you look at it, we are like politically, most of the countries are not stable. Like you look at guinea, for example. Guinea holds the lowest debt in Africa. But a lot of the investors, they look at that, which is amazing. But the problem is politically, guinea has been challenged for the past 20 years. Right. Since we lost Lansana Conte, you had militaries. Militaries. And right now we have the military. They want to do good things, but it's like, you know, like an American or like a European or Japanese, you know, me as an African who's an American. I can understand it. You know, I can get my money in America, bring it to Africa. I have my family here. Right. It's like I'm not risking much, but let's say for somebody like you, you don't have anyone here, right. Like the risk is too high. If you look at it from a financial perspective, these are all huge opportunities. These are like a real set opportunities. But it's like the question is, if you put your money, what guarantees do you have? You know, you're not going to lose your money. You see like a building like that, that building costs around $5 million. But actually the green one. Yeah, yeah, that building right there, it costs around $5 million. They already made a return on their investment because you know how much they can sell an apartment. They can sell apartment for like a million dollars easy. It's insane. Yeah. So it's crazy. Like a rent, like for a building like that can go easily $5,000 a month. Yeah. So because most of the people that live in it is diasporas like me, or people work in the mining sector, you know, like big enterprises. They have money, they, they take rent for their executives. Right. Or ministers, because you have the President palace right there. You have the. All the Minister of Economy and Finance are there. So most of the time they don't want to go home. So they rather take apartments in downtown. So the rent is like crazy. They can get back. Yeah, exactly. They can get back tomorrow. But who's the people that actually are taking the risk right now? Oh, right now Cheney is number one. The Chinese, those buildings are owned by Turkish. Both buildings? Yeah, both of them. So the Chinese, the Turkish, a little bit of Americans, Europeans less. Because now the Americans are more like, you know, like from a geopolitics, it's like the Americans are kicking out the Europeans. When we talk about Europeans, like the French in a way. Right. So you have some Americans that are coming to invest a little bit, but number one is the Chinese and then also you got the Russians. So which is one of the many reasons, like the American, like somebody like us who's like an African, like a Guinean, in my case, at the same time an American, like I'm close with the American ambassador, like not just here, but a couple of countries, they try to leverage people like us to come be small Americans to come because they losing the game to the Chinese and to the Russians. It's like they don't want that. Like most of the roads here are done by the, by the Chinese. Like, you know, we talk about Simandu, right? The biggest project in guinea today, 51% ownership. It's owned by Sinfer, which is a Chinese company. Right. So the Chinese are the biggest risk takers. And then the Saudis, the Emiratis. So first the Chinese, second the Arabs, third the Russians, and then you have the Americans. It's a common theme as we go to country to country. Yeah, yeah, yeah. It's a common same thing. So most people know mining here in Guinea. Yeah. What are some of the other areas of investment, apart from mine? Yeah, definitely real estate. Second, agriculture. We'll be working on a project that the vision, we're calling it the, the ten year vision, is to feed West Africa because Guinea today, guinea is importing around $1.2 billion a year worth of sugar. It's insane. And it's importing around $1.1 billion worth of rice. Right. So it's ridiculous. So we've been this discussion with, with the Brazilians because everybody know today Brazil, they become the number one agriculture country because Brazil became Brazil because of agriculture. You know, they, they taking over even the state when it comes to cattle farming. Right. So we've been discussing with the Brazilians, I brought some partners here a couple of weeks ago. So we trying to do how to bring that Brazilian technology into agriculture to develop guinea, because guinea holds 40% of West Africa's arable land. So that means guinea can feed West Africa, basically. But nobody knows that because everybody knows about, when you talk about guinea, they talk about bauxite, they talk about iron ore like they talk about the mine because that's what everybody knows about. Guinea is that wealthy country that have all type of minerals, right? Because today guinea is exporting around $9 billion, just gold to Dubai alone, right? So the economy of guinea is divided between bauxite and gold. The government and entrepreneurs like us, we want to change that. We want to change the narrative a little bit by showing hey, it's not just about mine. There's a huge opportunities out there that a lot of people can make a lot of money. Like, you know, potential investors can make a huge return on their investment apart from the mining sector. So China invested heavy. All of the Arab countries invested heavy. Like why is it important for black Americans in the diaspora to invest?
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Ryan Seacrest
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African Investment Expert
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Scott Hanson
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Ryan Seacrest
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Scott Hanson
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African Investment Expert
I mean, for me it's pretty, it's a, it's a, it's a no brainer. Because when you talk about, I mean for me, when, you know, when you talk about black America or like, like every black person, they originate from here, right? So why should we let the Chinese or, you know, the Arabs or other people come back to Africa and own the land? Like we know Africa made China, where China is today, Africa made America, what America is today. Because you look like without the technologies coming out of the continent, we wouldn't have, we wouldn't have what? The technology we have today, you know, and all of that is coming from the continent, right? And we've seen the changes. So why not attract, you know, black Americans to come back and take that advantage rather than go to the white man, to the Chinese, to the Arab, right? So it's like, you know, the message, my message I will put out to my black American friends is to like, look at Africa as the same way, you know, the, the, the, the few white Europeans looked at America back in the 1800s, right? So the opportunity is, I, I, you can't even put a number, you can't, you can't put a number on it, right? So everybody knows without Africa, from climate change, everything by 2050, like the world is not going to be the same. Because right now it's even like the global powers, they actually saying if they don't, because they've taken everything from Africa and now we get to a point where like, if they don't even help Africa develop between now and 2050, the world is going to be screwed over because Africa have so much poverty and it's literally holding the global economy down, okay? And so, and it's like you have the poverty, but at the same time they need everything from Africa. Like Africa hold. When you talk about again, agriculture, Africa holds 50% of arable land, 60% of the water reserves, right? Because, you know, a lot of Countries are running out of water. But Africa, you have, you have lakes everywhere. So everything is back like, so if we don't fix the balance, the global economy going to collapse. Like, we cannot just keep on. When I say we, we're talking about like, you know, the global financial system. They cannot just keep on taking things from Africa. So they have to give back. And so, like, the best people that, you know, supposed to capitalize on that opportunity is black people. Like, black people being not just in Africa, but outside of Africa. Till today, we've been up, like, we oppress every. You go to Brazil, you see black people, like, you know, at the bottom, you go to. You, you go to the state, like, but we can change that. We could be on top, and we can be on top really fast. Instead of like spending going like 100 years for us to be on top, we don't have to go through the same process and the systems that the white man, the Asian, they go through that. No, we can pivot, you know, we can fast track to get to where. Because now you have technologies, you have everything, right? And we got the knowledge, right. You look at some of the biggest institutions today, they're run by black people, right? So like, why can't. Why not us black people? Successful, like African Americans, come back to the motherland, take advantage of what already the white man is trying to take advantage of. Because, see, that's the thing. Like, they don't want the successful black man, like, you know, African Americans to see that. Growing up in New York, I remember that. And as a businessman who have made it to that little bit, you know, becoming a millionaire as a, as a black man, you get to meet a lot of people. People will ask me, like, how did you made it to become a millionaire as an African? Because it's like almost impossible. They don't see. When you talk about Africa, they see this. No, I mean, which is like, this is the reality. Because for them, when you talk about Africa, what's come to their mind is this. They don't think you have something like that in Africa. You know what I mean? They don't think you have something better in Africa. Well, like, we want to change. I want to say, hey, look, the black rock, the Rio Tintos, the world biggest institutions, their. Their wealth is coming from Africa. But that also speaks to the disp. Like that's a visual of right there, then right there. Yeah, like that's the change that's happening. Yeah. And fast. Like, it's like, you don't have to go far Just right here, that's a. That's a million dollar house. That's, you know, that's like below poverty line. So it's literally. And then the crazy thing, you have the president right there. So the president. You have the president right here who is like the president of the country. You have a multi millionaire who live, you know, just right there. At the same time, you have somebody who cannot even get a dollar a day. Right. But they can lie that somebody's gonna see opportunity. Oh, yeah. And somebody's already developing. Yeah, exactly. See, somebody's already building. I mean, you, you look left and right, there's already buildings coming, like, you know, coming up here. Discount the natural. Right? Like, I'm talking about ocean front. Yeah. I mean, yeah, right there you have the islands over there. Like, you have about three, four, five islands just right there. All right? So I mean, and this is not just Guinea. Like, you go to Senegal, you go to Cote d', Ivoire, you go to Benin, like where everywhere you go in the continent is like that, you know, like, so you can see the opportunity right there. And the sad reality is that you see those buildings, they don't. They're not owned by even Guineans. They're owned by Turkish. They're owned by, you know, the white skin. They're not owned by black people. But, like, because they see the risk, the return on investment is way higher than the risk. Exactly. They know the reward. So that's why they're willing to come. Like, you know, taking over a place like this in about a couple of months, they turn it into that and they're making millions of dollars.
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Ryan Seacrest
Hey, it's Ryan Seacrest for Albertsons and Safeway. Now through November 4th. Shop the annual beauty event and save $5 when you spend 25 on select beauty products. Shop in store or online for items like Dove Body Wash, Native Body Wash, Cetaphil gentle skin cleanser, Dr. Squatch body wash, Neutrogena Hydro Boost Water Gel, Dial Liquid Hand Soap, and Olay Body wash. And save $5 when you spend $25 or more. Offer ends November 4th. Restrictions apply. Offers may vary. Visit albertsons or safeway.com for more details.
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Scott Hanson
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African Investment Expert
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