1
00:00:00,760 --> 00:00:03,880
Speaker 1: No money shows African Business Focus.

2
00:00:04,080 --> 00:00:06,680
Speaker 2: Professor Rottendo and Dingui is the founding director of trib

3
00:00:06,760 --> 00:00:09,320
Speaker 2: Africa Advisory and author of the book Rumble in the

4
00:00:09,400 --> 00:00:13,200
Speaker 2: Jungle reloaded Housard Rotendo, you're talking about Ken you earlier

5
00:00:13,240 --> 00:00:16,599
Speaker 2: on the program. Actually they're looking at a big, rare earth.

6
00:00:16,400 --> 00:00:21,079
Speaker 3: Site grieving to listeners.

7
00:00:21,120 --> 00:00:25,840
Speaker 1: Yes, so the investment Steven is actually about sixty billion US.

8
00:00:25,680 --> 00:00:28,800
Speaker 3: Dollars and it's a rare website. You know.

9
00:00:29,080 --> 00:00:32,199
Speaker 1: I think the province of Mirror and the key thing

10
00:00:32,200 --> 00:00:36,239
Speaker 1: about the Steven is obviously quite key for Kia and

11
00:00:36,240 --> 00:00:39,520
Speaker 1: more importantly for Africa in terms of the whole industrialization story.

12
00:00:39,600 --> 00:00:43,839
Speaker 1: In that years, trying to diversify with regards to you know,

13
00:00:43,880 --> 00:00:46,480
Speaker 1: from agriculture, they're trying to invest in mining.

14
00:00:46,520 --> 00:00:48,400
Speaker 3: They've never been known as a mining place.

15
00:00:48,960 --> 00:00:52,320
Speaker 1: Both the USA and China are quite interested with regards

16
00:00:52,360 --> 00:00:54,880
Speaker 1: to competing in the big then tender forge.

17
00:00:55,080 --> 00:00:57,040
Speaker 3: The mineral Stephen and I'm just taking you back to

18
00:00:57,080 --> 00:00:57,920
Speaker 3: your high school days.

19
00:00:58,480 --> 00:01:02,279
Speaker 1: A neo batorium, white Trium and all of these are

20
00:01:02,320 --> 00:01:04,360
Speaker 1: key for the tonics and the coplete energy.

21
00:01:04,959 --> 00:01:07,000
Speaker 3: But I think the key thing, yes to even part

22
00:01:07,040 --> 00:01:07,800
Speaker 3: of the tender they.

23
00:01:07,840 --> 00:01:11,840
Speaker 1: Clearly specified other than above financial capacity, there has to

24
00:01:11,920 --> 00:01:14,800
Speaker 1: be a local processing plant included. And why is this

25
00:01:14,920 --> 00:01:18,399
Speaker 1: so important, Steven, Because the whole thing of African countries

26
00:01:18,440 --> 00:01:22,040
Speaker 1: realizing that from a beneficiation perspective, they actually had to

27
00:01:22,520 --> 00:01:26,680
Speaker 1: highlight two multinationals people invest in externality into the African

28
00:01:26,760 --> 00:01:29,760
Speaker 1: continents as well as the local players to focus in

29
00:01:29,880 --> 00:01:33,400
Speaker 1: terms of manufacturing at the source to create jobs, to

30
00:01:33,520 --> 00:01:37,559
Speaker 1: keep the economy and drive industrialization. So quite a great

31
00:01:37,600 --> 00:01:41,200
Speaker 1: step for COKA and obviously maybe the two biggest economy

32
00:01:41,240 --> 00:01:43,640
Speaker 1: of the world participating. Is nothing wrong with that. So

33
00:01:44,040 --> 00:01:47,160
Speaker 1: it's hopefully turns out and the and the actual project

34
00:01:47,240 --> 00:01:51,280
Speaker 1: kicks off. But sixty two brilliant is not a small figure.

35
00:01:51,040 --> 00:01:53,120
Speaker 2: To play with, No, it can be fascinating to watch

36
00:01:53,200 --> 00:01:56,120
Speaker 2: that play out. World Trade Organization talks they were in

37
00:01:56,400 --> 00:02:00,440
Speaker 2: Yaun there they ended early because they just can't degree.

38
00:02:00,600 --> 00:02:03,240
Speaker 2: I mean, that's never good for global trade. But global trade,

39
00:02:03,240 --> 00:02:05,000
Speaker 2: as we know is quite complex at the moment.

40
00:02:06,480 --> 00:02:08,240
Speaker 3: Global train is quite complex.

41
00:02:08,280 --> 00:02:12,760
Speaker 1: Obviously, the geopolitics, obviously and the geoeconomics are quite intertwined.

42
00:02:13,040 --> 00:02:15,560
Speaker 1: And more specifically still but obviously what's happening with the

43
00:02:16,200 --> 00:02:20,120
Speaker 1: UH the straight of omas that's also complicated things. The

44
00:02:20,240 --> 00:02:23,400
Speaker 1: digital landscape has always been quite complicated by its nature.

45
00:02:23,639 --> 00:02:25,640
Speaker 1: And they have the sixty six countries that make up

46
00:02:25,680 --> 00:02:28,160
Speaker 1: the World's Trade Organization, and it's been there one day

47
00:02:28,440 --> 00:02:31,480
Speaker 1: and two careers that they failed to agree on. The

48
00:02:31,560 --> 00:02:34,600
Speaker 1: big one was with regards to to to stopping the

49
00:02:34,720 --> 00:02:39,400
Speaker 1: band of the first world countries like the US wanted

50
00:02:39,480 --> 00:02:42,359
Speaker 1: there to to to stop the band with regards to

51
00:02:42,480 --> 00:02:47,280
Speaker 1: people actually been in charged texts when importing digital products

52
00:02:47,520 --> 00:02:49,080
Speaker 1: from First World countries.

53
00:02:49,400 --> 00:02:51,000
Speaker 3: So Brazil and.

54
00:02:51,200 --> 00:02:53,239
Speaker 1: India one of the two of the key countries that

55
00:02:53,320 --> 00:02:55,200
Speaker 1: stood out and said, look, guys, it's a big and

56
00:02:55,280 --> 00:02:57,360
Speaker 1: play for us. We can actually make money out of Texas,

57
00:02:57,520 --> 00:03:00,120
Speaker 1: which is a justified point because the kind of that

58
00:03:00,200 --> 00:03:03,160
Speaker 1: that are coming from a digital perspective, a download steaming.

59
00:03:04,280 --> 00:03:06,920
Speaker 3: You think of your iPhone, you think of your your Spotify,

60
00:03:07,280 --> 00:03:10,320
Speaker 3: et cetera, et cetera. So the size or the quantum

61
00:03:10,400 --> 00:03:10,600
Speaker 3: of the.

62
00:03:10,639 --> 00:03:13,079
Speaker 1: Digital trade of the African netscape see at the moment

63
00:03:13,160 --> 00:03:14,760
Speaker 1: is about one hundred and eighty billion.

64
00:03:14,840 --> 00:03:15,680
Speaker 3: That's the size of the e.

65
00:03:15,680 --> 00:03:18,480
Speaker 1: Commerce market by totally thirty expecting to be about three

66
00:03:18,560 --> 00:03:21,320
Speaker 1: hundred billion US dollars. So you can actually realize it's

67
00:03:21,360 --> 00:03:24,520
Speaker 1: actually a big chunk of opportunity on the African continent.

68
00:03:24,840 --> 00:03:27,400
Speaker 1: So they heater Hock and the hard place in terms

69
00:03:27,440 --> 00:03:30,160
Speaker 1: of failing to agree. The other area is around agriculture.

70
00:03:30,200 --> 00:03:32,680
Speaker 1: But the big place I was around this and obviously

71
00:03:32,760 --> 00:03:34,720
Speaker 1: with where the world is right now still in terms

72
00:03:34,720 --> 00:03:37,760
Speaker 1: of protectionism, in terms of the politics, it adds a

73
00:03:37,840 --> 00:03:40,480
Speaker 1: lot a lot of complexity, so they're going to probably

74
00:03:40,520 --> 00:03:42,360
Speaker 1: have to re visit this again and see what's the

75
00:03:42,400 --> 00:03:42,920
Speaker 1: best way out.

76
00:03:42,960 --> 00:03:44,280
Speaker 3: So it's not only affecting Africa.

77
00:03:44,680 --> 00:03:47,360
Speaker 1: Uh, And it's interesting that Brazil is taking the need

78
00:03:47,440 --> 00:03:49,800
Speaker 1: of the bearing in mind they're obviously.

79
00:03:49,680 --> 00:03:52,760
Speaker 3: Quite a key component of the bricks components.

80
00:03:52,800 --> 00:03:55,320
Speaker 1: So it's you can see the geopolitics that are going

81
00:03:55,400 --> 00:03:57,720
Speaker 1: to play differently the world in one way or the other.

82
00:03:58,360 --> 00:04:01,000
Speaker 2: And Bikina Fossil they want the brewery and they want

83
00:04:01,080 --> 00:04:01,400
Speaker 2: it now.

84
00:04:03,000 --> 00:04:06,440
Speaker 3: They're breuried and I want it now, and I think

85
00:04:06,480 --> 00:04:07,120
Speaker 3: the positive thing.

86
00:04:07,200 --> 00:04:10,560
Speaker 1: Obviously we know of the from a political perspective what's

87
00:04:10,560 --> 00:04:14,080
Speaker 1: happened in Pekina Faso, but I think, uh, from an

88
00:04:14,080 --> 00:04:18,400
Speaker 1: economic perspective, they they're also trying to diversify for mining

89
00:04:18,480 --> 00:04:21,520
Speaker 1: them in Pekinna fossil as they invested in the mining

90
00:04:21,560 --> 00:04:22,480
Speaker 1: sector for a long time.

91
00:04:22,839 --> 00:04:22,960
Speaker 3: Uh.

92
00:04:23,040 --> 00:04:26,000
Speaker 1: They they've invested, they've given the go ahead. The president

93
00:04:26,120 --> 00:04:29,839
Speaker 1: is given the go ahead from an eight hector eight hector.

94
00:04:29,960 --> 00:04:31,679
Speaker 3: A brewery and beverlege plant.

95
00:04:32,040 --> 00:04:33,600
Speaker 1: Uh and the and the and the reason for this

96
00:04:33,760 --> 00:04:37,160
Speaker 1: is they want to diversify the same opportunity with regards

97
00:04:37,200 --> 00:04:38,440
Speaker 1: to not just relying on gold.

98
00:04:38,520 --> 00:04:41,240
Speaker 3: That one of their biggest export is gold. Uh.

99
00:04:41,400 --> 00:04:44,120
Speaker 1: And they're just seeing opportunity in terms of creating jobs,

100
00:04:44,440 --> 00:04:48,239
Speaker 1: employment behaving an eight hectar brewery and beverlege plant.

101
00:04:48,800 --> 00:04:50,320
Speaker 3: The degree has been given.

102
00:04:50,360 --> 00:04:52,560
Speaker 1: And and against even it's it's a step in the

103
00:04:52,640 --> 00:04:55,800
Speaker 1: right way to the Kenia story in terms of it's

104
00:04:55,839 --> 00:04:59,440
Speaker 1: it's been legislated, there's policy around it, and hopefully to

105
00:04:59,520 --> 00:05:01,920
Speaker 1: be apt to such by both the local investors and

106
00:05:01,960 --> 00:05:02,880
Speaker 1: international investors.

107
00:05:03,080 --> 00:05:05,520
Speaker 3: But either way, it's a step in the right direction.

108
00:05:06,120 --> 00:05:08,880
Speaker 2: And Cleopatra, I mean, I always want to say the

109
00:05:08,960 --> 00:05:11,240
Speaker 2: name Anthony after Clear Patra. I couldn't tell you why.

110
00:05:12,120 --> 00:05:17,279
Speaker 2: There's a big immersive kind of exhibition that's exploring her legend.

111
00:05:17,520 --> 00:05:20,440
Speaker 2: I mean it's one of those names, clear Patra everyone

112
00:05:20,640 --> 00:05:23,240
Speaker 2: kind of evokes ancient Egypt.

113
00:05:24,400 --> 00:05:27,599
Speaker 1: The ancient Egypt indeed, and obviously she's I think her

114
00:05:27,640 --> 00:05:30,120
Speaker 1: story is re twired with Alexandle the Great, so was

115
00:05:30,160 --> 00:05:33,800
Speaker 1: the last field of Egypt. She reales for two decades

116
00:05:34,160 --> 00:05:36,839
Speaker 1: and for the last two thousand years, people have always

117
00:05:36,880 --> 00:05:39,920
Speaker 1: been fascinated around the story what has been put together.

118
00:05:40,000 --> 00:05:44,600
Speaker 1: It's a museum, but it's a digitically inclined museum. I

119
00:05:44,640 --> 00:05:47,919
Speaker 1: think it covers three thousand square meters through nine intellective

120
00:05:48,200 --> 00:05:51,279
Speaker 1: intellective galleries and really brings the story of pure Patra

121
00:05:51,720 --> 00:05:54,680
Speaker 1: with a mixture of the real architecture or artifacts that

122
00:05:54,680 --> 00:05:56,800
Speaker 1: we're involved in terms of where she was based in

123
00:05:56,880 --> 00:05:59,799
Speaker 1: east of that, but there's a whole digital story around

124
00:05:59,839 --> 00:06:01,360
Speaker 1: it of virtual reality.

125
00:06:01,520 --> 00:06:04,560
Speaker 3: You get the whole glass experience in terms of the.

126
00:06:06,680 --> 00:06:10,080
Speaker 1: Will view the whole story and experiencing not only the

127
00:06:10,200 --> 00:06:12,719
Speaker 1: artifacts in terms of touch and feel, but the whole

128
00:06:12,760 --> 00:06:15,680
Speaker 1: storyline from a digital perspective. So it's a beautiful combination

129
00:06:15,839 --> 00:06:20,120
Speaker 1: of of of technology and art and history with with

130
00:06:20,440 --> 00:06:23,400
Speaker 1: with Egypt, which has obviously got a beautiful story temper

131
00:06:23,440 --> 00:06:26,200
Speaker 1: the city of Alexandria, and it's brought all together and

132
00:06:26,320 --> 00:06:28,120
Speaker 1: bought Egypt, Europe and.

133
00:06:28,160 --> 00:06:29,719
Speaker 3: Even Spain now coming on board.

134
00:06:29,960 --> 00:06:33,000
Speaker 1: And I think today, Stephen, two hundred thousand people have

135
00:06:33,200 --> 00:06:35,920
Speaker 1: visited the museum and they're going to Holytown to six

136
00:06:36,040 --> 00:06:39,240
Speaker 1: other countries besides the UK and h and and and

137
00:06:39,480 --> 00:06:41,800
Speaker 1: and Spain. So it's a it's a it's a nice

138
00:06:41,800 --> 00:06:44,720
Speaker 1: African story being exported, and it's always good to have

139
00:06:44,720 --> 00:06:47,160
Speaker 1: a fear of Patria in terms of what we're down there.

140
00:06:47,640 --> 00:06:50,320
Speaker 2: Rotendo, thanks so much, Professor Rotundo and Dingui. He's founding

141
00:06:50,360 --> 00:06:52,640
Speaker 2: director of trib Africa Advisory and author of the book

142
00:06:52,720 --> 00:06:54,760
Speaker 2: Rumble in the Jungle Reloaded