WEBVTT - Business Opportunities in Africa

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

0:00:07.720 --> 0:00:11.840
<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

0:00:11.920 --> 0:00:15.840
<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

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<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 1>crossings are at the lowest levels ever recorded, and over

0:00:31.760 --> 0:00:34.960
<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 1>are here illegally, your next you will be fined nearly

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<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

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<v Speaker 1>never return. But if you register using our CBP home

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<v Speaker 1>app and leave now, you could be allowed to return legally.

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<v Speaker 1>Do what's right. Leave now. Under President Trump, America's laws,

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<v Speaker 1>border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security.

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<v Speaker 3>So you said that ninety five percent of the customers

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<v Speaker 3>of the world are outside of America. And obviously we

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<v Speaker 3>met you in Ghana, and you know, obviously you were

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<v Speaker 3>on uh Obama Obama's team and now you're you're with

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<v Speaker 3>the chain of commerce, so you have a good perspective

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<v Speaker 3>of businesses, black businesses in America. Right, what do you

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<v Speaker 3>think are some of the issues that let's talk about

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<v Speaker 3>black businesses specifically when it comes to black business because

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<v Speaker 3>I have a theory that a lot of black businesses

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<v Speaker 3>just start they start the wrong type of business, right,

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<v Speaker 3>They're not scalable. They're not designed to reach our international audience.

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<v Speaker 3>They're more like mom and pop local situations where you

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<v Speaker 3>just become an employee of your of just yourself, and

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<v Speaker 3>that's difficult to scale. So looking at it from you know,

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<v Speaker 3>your view, what are some of the things that black

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<v Speaker 3>businesses are doing wrong? And how can they improve to

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<v Speaker 3>compete in this global economy that way in now you

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<v Speaker 3>know you're right, I mean.

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<v Speaker 4>I mean the raality is most black owned businesses are small,

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<v Speaker 4>I mean, one, two, three employees.

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<v Speaker 2>They're in services, professional services, and in that nature.

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<v Speaker 4>You know, I think I think part of the problem

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<v Speaker 4>is that we've not been exposed to some of this knowledge,

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<v Speaker 4>and it is that exposure I think that is extremely important.

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<v Speaker 4>I mean again, I mean, you think about the international

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<v Speaker 4>marketplace where ninety five cent consumers are Nobody ever taught

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<v Speaker 4>me how to think about exporting an international trade. I

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<v Speaker 4>mean it was when I after the day after the

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<v Speaker 4>inauguration of Present Obama and I was going the architects

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<v Speaker 4>of his first campaign. We didn't have a commerce secretary,

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<v Speaker 4>and I was asked to go hold down the fort

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<v Speaker 4>at the United States Department of Commerce. And probably within

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<v Speaker 4>three four months, the International Department approached me as the

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<v Speaker 4>highest ranking official at the Department of Commerce and says,

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<v Speaker 4>you know, because you're the highest ranking political appointee from

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<v Speaker 4>President Obama, you're going to have to lead this trade

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<v Speaker 4>mission to India. Hell I never really been much out

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<v Speaker 4>of the United States and Colinilla out in Bahamas and

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<v Speaker 4>plays like that, So that was my really first experience

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<v Speaker 4>and understanding and going to Mumbai and Shannai and New

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<v Speaker 4>Delhi and places like that and understanding even you know,

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<v Speaker 4>the idea of been exposed to trade and business in

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<v Speaker 4>another country.

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<v Speaker 2>And since then I've been totally immersed in it.

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<v Speaker 4>But my point is saying that one of the barriers

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<v Speaker 4>or one of the ways, we just have to.

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<v Speaker 2>Rethink how we do business.

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<v Speaker 4>That means how we start businesses, follow the money follow

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<v Speaker 4>the opportunities. And again I think, you know, foreign and

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<v Speaker 4>exporting is a unique and new but valuable opportunity. It

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<v Speaker 4>must be to our growth strategy. And you know, and

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<v Speaker 4>this is you know, one of the issues I got

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<v Speaker 4>oftentimes with with with leaders. I mean, you know, whether

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<v Speaker 4>it's I mean you all, I've heard you all talk

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<v Speaker 4>about our political leaders.

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<v Speaker 2>I mean, folks don't come.

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<v Speaker 4>To our churches and communities talking about China and Indian

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<v Speaker 4>trade and exporting.

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<v Speaker 5>Uh.

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<v Speaker 4>And we have to change that and demand the conversation

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<v Speaker 4>that brings more dialogue and knowledge and assets and resources

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<v Speaker 4>from all of these federal agencies. Good friend of mine,

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<v Speaker 4>Rita Joe Lewis, is the very black woman chair of

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<v Speaker 4>the Export Import Bait.

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<v Speaker 2>Most people in America don't even know what that is.

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<v Speaker 4>And so one of the goals that I have is

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<v Speaker 4>like bridging this knowledge gap with the information that exists

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<v Speaker 4>in getting that information to our black owned enterprise across

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<v Speaker 4>the country. It's just a knowledge gap as well, because

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<v Speaker 4>we know we don't have a lack of businesses, but

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<v Speaker 4>we do have a lack of high growth businesses that

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<v Speaker 4>are competing in these industries that are not only shaping

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<v Speaker 4>and changing America, but shaping and changing the world.

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<v Speaker 5>You spoke about the exposure piece that I think that's

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<v Speaker 5>vitally important, right, and the education comes with that, right

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<v Speaker 5>when you go to doo place here is you get

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<v Speaker 5>to learn new things. So you spoke about India and China,

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<v Speaker 5>but we met you in Africa. So what are your

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<v Speaker 5>thoughts around the rising economies there, the workforce, the opportunities.

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<v Speaker 5>Right when we're talking about import export, we're talking about

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<v Speaker 5>business development. What are your thoughts around Africa and maybe

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<v Speaker 5>specifically in Ghana.

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<v Speaker 4>Listen, I think Africa, you know, is the new economy

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<v Speaker 4>of the world. You know, we have a whole US

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<v Speaker 4>Africa Business Center at the US Chamber Comrace that strategically

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<v Speaker 4>focuses on countries across the content of Africa. And you know,

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<v Speaker 4>whether it's Ghana or Rwanda or other parts of Africa,

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<v Speaker 4>it's just rich with an opportunity.

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<v Speaker 2>I mean, you mentioned workforce.

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<v Speaker 4>I think one of the most fascinating things that that

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<v Speaker 4>we need to recognize as the average age across the

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<v Speaker 4>continent is only nineteen years of age. And when you

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<v Speaker 4>think about the aging workforce in America, the workforce is shrinking,

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<v Speaker 4>is becoming younger, the workforce in other countries around the

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<v Speaker 4>world is shrink shrinking. We have to think about Africa

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<v Speaker 4>and these young people as being the future of work

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<v Speaker 4>across the continent, but around the world. So I do

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<v Speaker 4>think Africa is just rich with opportunity, and you're right,

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<v Speaker 4>even in Ghana. I mean, I spent a lot of

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<v Speaker 4>time meeting with some of the local entrepreneurs there and and.

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<v Speaker 2>You know, one of the things I've learned is again

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<v Speaker 2>it's not a.

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<v Speaker 4>Lack of innovators and entrepreneurs, but it's capital and a small.

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

0:08:14.880 --> 0:08:18.680
<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

0:08:18.920 --> 0:08:23.080
<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

0:08:23.120 --> 0:08:27.040
<v Speaker 1>filming and selling child pornography in Michigan. These are just

0:08:27.120 --> 0:08:30.840
<v Speaker 1>some of the heinous migrant criminals caught because of President

0:08:30.920 --> 0:08:34.520
<v Speaker 1>Donald J. Trump's leadership. I'm Christy Noman, the United States

0:08:34.520 --> 0:08:39.320
<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

0:08:39.360 --> 0:08:42.920
<v Speaker 1>crossings are at the lowest levels ever recorded, and over

0:08:42.960 --> 0:08:46.200
<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

0:08:46.240 --> 0:08:50.120
<v Speaker 1>are here illegally, your next you will be fined nearly

0:08:50.200 --> 0:08:54.200
<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

0:08:54.240 --> 0:08:57.880
<v Speaker 1>never return. But if you register using our CBP home

0:08:57.920 --> 0:09:01.319
<v Speaker 1>app and leave now, you could be a to return legally.

0:09:01.679 --> 0:09:02.480
<v Speaker 1>Do what's right.

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<v Speaker 5>Leave now.

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<v Speaker 1>Under President Trump, America's laws, border and families will be protected.

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<v Speaker 4>Sponsored by the United States Department of Homeland Security, of

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<v Speaker 4>capital that we can get into the hands of some

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<v Speaker 4>of those young innovators and entrepreneurs in Ghana and just invaluable.

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<v Speaker 4>So we're working on that part and that whole constructor

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<v Speaker 4>ecosystem that I talked around talked about and getting more

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<v Speaker 4>a black owned business and connected the corporate supply chain

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<v Speaker 4>that actually extends across to the Aspera And that is

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<v Speaker 4>one of my priority as well. How can we get

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<v Speaker 4>those entrepreneurs in the continent doing business across to the Aspera.

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<v Speaker 4>And so yeah, I think Africa is the future. I

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<v Speaker 4>really believe that, and the data is clear, and I

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<v Speaker 4>think we have to lean in on America policy, but

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<v Speaker 4>as well as drive more American investment into Africa and

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<v Speaker 4>understand for us as entrepreneurs what the opportunity is to

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<v Speaker 4>export from Africa could mean to the United States and

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<v Speaker 4>across the world.

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<v Speaker 6>If someone's inspired tonight watching you, what would be like

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<v Speaker 6>the five best businesses to build in god or on

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<v Speaker 6>the content of Africa for this year, in this decade.

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<v Speaker 2>But you know, I think it's just everything man.

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<v Speaker 4>You know, obviously the number one if you look at again,

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<v Speaker 4>we're investment and that's one of the measures that I

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<v Speaker 4>look at from the United States and other countries.

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<v Speaker 2>Energy. It's just cute.

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<v Speaker 4>Africa has such a tremendous need for energy. I mean,

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<v Speaker 4>you guys have been across the content. I imagine it's

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<v Speaker 4>not uncommon for you to lose power, you know, at

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<v Speaker 4>night or this, and you cannot have business without sources

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<v Speaker 4>of energy. So I think in energy, whether that's in

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<v Speaker 4>solar or other types of energy, is just wide open.

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<v Speaker 4>I think in infrastructure, it's another area that's just rich

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<v Speaker 4>with opportunity. I mean, you don't have to travel too far,

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<v Speaker 4>you know, from ocraa Ghana or another rule parts to

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<v Speaker 4>know that you know the roads and bridges and how

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<v Speaker 4>we think of infrastructure, to include the technology infrastructure, it's

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<v Speaker 4>just why open for investment and opportunities. Another area that

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<v Speaker 4>you know, I think sometimes we sleep on is kind

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<v Speaker 4>of demystifying the products that we can export from Africa,

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<v Speaker 4>not only in terms of aron, minerals and all of

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<v Speaker 4>those kinds of things, but what about clothing. And I

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<v Speaker 4>mean I've been working with the system from Africa on

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<v Speaker 4>Horche butler exports and it's just all kinds of products

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<v Speaker 4>like that. I laugh and I laugh at myself because

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<v Speaker 4>I got fascinated with this certain brand of cookie that's

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<v Speaker 4>made in Africa that's more healthy than perhaps a lot

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<v Speaker 4>of cookies, and I have a cookie addiction. But imagine

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<v Speaker 4>that we can get a product like that in corporate

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<v Speaker 4>supply chains. I don't know, you know, you know it's

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<v Speaker 4>not uncommon. Obviously, when you're flying on an airplane, you'll

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<v Speaker 4>always get that little bisc off cookie. I'm trying to

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<v Speaker 4>disrupt that, and you can get just small things like

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<v Speaker 4>that that we just don't think about the products that

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<v Speaker 4>we can import from the continent of Africa and Ghana

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<v Speaker 4>in particular, because that's where you know, we all met.

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<v Speaker 2>I just think it's rich. Did you have to rethink?

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<v Speaker 4>And then the last thing I want to say about Africa,

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<v Speaker 4>and you know, we have a whole road show called

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<v Speaker 4>Advancing with Africa. Some of this is about demystifying and

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<v Speaker 4>debunking our perception of Africa. And so we have a

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<v Speaker 4>whole effort to try to demystify and debunk a lot

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<v Speaker 4>of perceptions that we have about the continent. But you've

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<v Speaker 4>been there, I mean you sold firsthand. I mean, Africa

0:12:42.640 --> 0:12:45.120
<v Speaker 4>just rich with economic opportunity.

0:12:44.679 --> 0:12:46.400
<v Speaker 2>And we're going to lean in on it. Yeah.

0:12:46.640 --> 0:12:48.319
<v Speaker 3>I just I want to add to that too. I

0:12:48.520 --> 0:12:51.360
<v Speaker 3>just feel like, because that's a common question, I feel

0:12:51.400 --> 0:12:53.240
<v Speaker 3>like the best thing that people can do is go

0:12:54.120 --> 0:12:56.400
<v Speaker 3>to any country. Well, like let's say Ghana. Go to

0:12:56.520 --> 0:13:01.040
<v Speaker 3>Ghana just as a tourist and just make ops. I

0:13:01.280 --> 0:13:03.679
<v Speaker 3>was just there, just making observation that you said, the infrastructure.

0:13:03.679 --> 0:13:05.040
<v Speaker 3>That's one of the things that I noticed a lot

0:13:05.040 --> 0:13:08.120
<v Speaker 3>of times. Most people will look at something that's like, oh,

0:13:08.280 --> 0:13:11.520
<v Speaker 3>this the road is bad. But an entrepreneur, I look

0:13:11.520 --> 0:13:14.400
<v Speaker 3>at it like that's an opportunity to start paving roads right,

0:13:14.600 --> 0:13:17.440
<v Speaker 3>or like they don't really have sidewalks, Okay, that's an

0:13:17.480 --> 0:13:20.400
<v Speaker 3>opportunity for sidewalks. There's one thing that I noticed that

0:13:20.559 --> 0:13:22.720
<v Speaker 3>I don't want to speak about publicly because I actually

0:13:22.760 --> 0:13:24.839
<v Speaker 3>have an idea about this, but I just got to

0:13:24.840 --> 0:13:27.360
<v Speaker 3>figure out. But I say that to say I think

0:13:27.480 --> 0:13:30.719
<v Speaker 3>that everybody should go if you're interested, because that's the

0:13:30.800 --> 0:13:32.439
<v Speaker 3>question I get, like what business should I start? What

0:13:32.440 --> 0:13:34.600
<v Speaker 3>business should I start? We met that, We met somebody

0:13:34.679 --> 0:13:37.199
<v Speaker 3>that was telling us about a gentleman that started a

0:13:37.600 --> 0:13:40.480
<v Speaker 3>porter potty business and made billions of dollars off of

0:13:40.520 --> 0:13:43.720
<v Speaker 3>porter partties because there was no porter partties in Ghana

0:13:43.720 --> 0:13:45.800
<v Speaker 3>at that time. And then all the construction sites, you

0:13:45.840 --> 0:13:48.840
<v Speaker 3>know you need porta potties. Who's thinking about that right?

0:13:48.880 --> 0:13:49.360
<v Speaker 2>Like this hard?

0:13:49.600 --> 0:13:51.559
<v Speaker 3>It would be hard for somebody to tell you go

0:13:51.760 --> 0:13:54.920
<v Speaker 3>to Africa and start a porta potty business. But if

0:13:54.960 --> 0:13:56.959
<v Speaker 3>you're if you're in the business and you go there

0:13:57.160 --> 0:13:59.839
<v Speaker 3>and you realize that there's no porter partties, that you

0:14:00.120 --> 0:14:02.720
<v Speaker 3>might say, oh, this is a business that's worth starting.

0:14:02.800 --> 0:14:07.680
<v Speaker 3>But there's so many I think things that are needed,

0:14:08.200 --> 0:14:12.240
<v Speaker 3>right that is really up to you to kind of

0:14:12.240 --> 0:14:14.560
<v Speaker 3>figure out what you're passionate about, what you have knowledge about,

0:14:14.600 --> 0:14:17.280
<v Speaker 3>what you have relationships about. But the best way, like

0:14:17.360 --> 0:14:20.600
<v Speaker 3>you said, just to demystify the situation is to actually

0:14:20.680 --> 0:14:23.800
<v Speaker 3>get on the ground, talk to the locals, take a

0:14:23.880 --> 0:14:28.160
<v Speaker 3>trip ride, see what's going on, be observant, and then you,

0:14:28.320 --> 0:14:30.680
<v Speaker 3>as an intelligent person, can kind of make your own decision.

0:14:30.760 --> 0:14:34.320
<v Speaker 1>An illegal alien from Guatemala charged with raping a child

0:14:34.400 --> 0:14:38.160
<v Speaker 1>in Massachusetts. An MS thirteen gang member from El Salvador

0:14:38.440 --> 0:14:42.520
<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

0:14:42.640 --> 0:14:46.480
<v Speaker 1>filming and selling child pornography in Michigan. These are just

0:14:46.640 --> 0:14:50.360
<v Speaker 1>some of the heinous migrant criminals caught because of President

0:14:50.440 --> 0:14:54.560
<v Speaker 1>Donald J. Trump's leadership. I'm Christinoman, the United States Secretary

0:14:54.640 --> 0:14:59.360
<v Speaker 1>of Homeland Security under President Trump. Attempted illegal border crossings

0:14:59.400 --> 0:15:02.600
<v Speaker 1>are at the lowest levels ever recorded, and over one

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<v Speaker 1>hundred thousand illegal aliens have been arrested. If you are

0:15:06.000 --> 0:15:09.840
<v Speaker 1>here illegally, your next you will be fine nearly one

0:15:09.960 --> 0:15:14.480
<v Speaker 1>thousand dollars a day, imprisoned, and deported. You will never return.

0:15:14.840 --> 0:15:17.800
<v Speaker 1>But if you register using our CBP home app and

0:15:17.960 --> 0:15:21.240
<v Speaker 1>leave now, you could be allowed to return legally. Do

0:15:21.400 --> 0:15:26.480
<v Speaker 1>what's right, leave now. Under President Trump America's laws, border

0:15:26.720 --> 0:15:28.000
<v Speaker 1>and families.

0:15:27.720 --> 0:15:30.120
<v Speaker 2>Will be protected. Sponsored by the United States Department of

0:15:30.120 --> 0:15:30.720
<v Speaker 2>Homeland Security,