WEBVTT - GVA's Garrity on Using Technology to End Tuberculosis (Audio)

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<v Speaker 1>Global business news twenty four hours a day at Bloomberg

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<v Speaker 1>I'm Charlie pellop to dial the SMP nez stack all

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<v Speaker 1>hire today. SMP five hundred index advancing ten points to

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<v Speaker 1>Janet Yellen signals the economy is still strengthening enough to

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<v Speaker 1>withstand gradual increases in borrowing costs, despite recent signs of

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<v Speaker 1>slower chop growth. Gold up four ninety the ounce to

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<v Speaker 1>twelve forty seven, a gain of four tenths of one percent.

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<v Speaker 1>Crewed up one point one percent. Forty nine seventy six

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<v Speaker 1>per barrel of West Texas Intermediate again there of two

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<v Speaker 1>point four percent. I'm Charlie Pellett and that's a bloom

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<v Speaker 1>Bird business flash. Is taking stock with Kathleen Hayes and

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<v Speaker 1>grim Box on Bloomberg Radio Africa. Africa Man he say,

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<v Speaker 1>is definitely turned the corner, and one big piece of

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<v Speaker 1>that puzzle is technology from tiny startups to major corporations

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<v Speaker 1>like General Electric investing in that continent helping it to

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<v Speaker 1>move ahead. Someone else who's helping it to move ahead

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<v Speaker 1>is joining us now. A regular on the show. Dick Garity,

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<v Speaker 1>principle at g v A, research columnists at Investopedia and

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<v Speaker 1>also advising the World Bank Group on integrating information and

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<v Speaker 1>communication technologies in development projects in Africa. Dave, Welcome to

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<v Speaker 1>the show. Kathleen, thank you very much. Well, it's really

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<v Speaker 1>terrific for our listeners to hear this part of your

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<v Speaker 1>story and your work because this is so important, so powerful.

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<v Speaker 1>Tell us what you're doing with the World Bank, uh

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<v Speaker 1>in terms of I've been consulting with the World Banks

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<v Speaker 1>and spent two thousand and ten looking mostly around how

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<v Speaker 1>do we use technology to get financial inclusion for people

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<v Speaker 1>in Africa? And financial inclusion basically means how do we

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<v Speaker 1>give people access to the use of either bank accounts

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<v Speaker 1>or access to other formal financial services. This could be microinsurance,

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<v Speaker 1>this could be micro loans, but primarily being able to

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<v Speaker 1>leverage the technology platform that cell phones represent to be

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<v Speaker 1>able to get access to those services. And this has

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<v Speaker 1>been instrumental in a number of areas, whether it's doing

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<v Speaker 1>you know, utility bill presentation, settlement, paying school fees, wide

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<v Speaker 1>range of applications. Could you give us one specific example

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<v Speaker 1>that you've worked on, you've been part of, to give

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<v Speaker 1>us a sense of how it got you know, what

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<v Speaker 1>it is and then the impact it is having. Sure. Yeah.

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<v Speaker 1>In case in point um just it was less than

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<v Speaker 1>months ago, I was in northern Nigeria work in a

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<v Speaker 1>project to modernize irrigation districts UM. This is a five

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<v Speaker 1>million dollar project that the World Bank is doing with

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<v Speaker 1>the Nigerian government. Obviously, the first thing that has to

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<v Speaker 1>happen there is that the farmers have to be pay

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<v Speaker 1>their irrigation fees. If they don't pay for the water fees,

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<v Speaker 1>the irrigation project will fail. UM. Typically, though, you're finding

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<v Speaker 1>that these farmers, you know, they're operating in rural locations.

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<v Speaker 1>UH they're about a hundred and fifty thousand farmers across

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<v Speaker 1>five irrigation districts. And we're going to be implementing UH

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<v Speaker 1>mobile money payment programs starting in the second half of

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<v Speaker 1>to help assist all this now to the extent that

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<v Speaker 1>we can help farmers pay their water fees. Obviously the

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<v Speaker 1>protect productivity can improve. They spend less time basically trying

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<v Speaker 1>to travel their costs. We're also at the same time

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<v Speaker 1>trying to leverage their cell phones to provide other information

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<v Speaker 1>to improve their productivity, whether it's crop prices, whether it's

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<v Speaker 1>further information in terms of what techniques might be used

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<v Speaker 1>to improve their own productivity. But this is a five

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<v Speaker 1>million dollar project, it's in it's that's in its third

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<v Speaker 1>year right now, but it's really going to start to

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<v Speaker 1>take its benefit over the balance of sixteen going tea

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<v Speaker 1>into seventeen and eighteen, and just another way to show

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<v Speaker 1>how profound the impact can be of information and communication

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<v Speaker 1>technolog and she's particularly in poor areas like Africa that

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<v Speaker 1>are are really trying to take off in many ways

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<v Speaker 1>exceeding a paper you co authored with Paula f Lightel,

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<v Speaker 1>a senior social development specialists at the World Bank. It's

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<v Speaker 1>about using I c T information communication technologies to support

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<v Speaker 1>ending the tuberculosis epidemic in Southern Africa. Tell Us, I

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<v Speaker 1>don't think most people realize that the tuberculosis right now

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<v Speaker 1>is killing almost as many people as HIV AIDS around

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<v Speaker 1>the world. It's actually, according to the World Health Organization,

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<v Speaker 1>is killing more people than HIV eight And in the

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<v Speaker 1>case of looking at Southern Africa, you've got infection rates

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<v Speaker 1>for tuberculosis that are about three times the global average.

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<v Speaker 1>And from that standpoint, we're in a situation where, um,

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<v Speaker 1>you know, being able to control tuberculosis is going to

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<v Speaker 1>be very important in terms of addressing a major public

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<v Speaker 1>health issue. And this is a project that the Bank's

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<v Speaker 1>working on and it's going to be going forward over

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<v Speaker 1>the next five years. It just recently got approval and

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<v Speaker 1>we're going focusing on countries such as Zambia Mozambique, allowing

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<v Speaker 1>last that have a population about six people. So this

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<v Speaker 1>is going to be having significant impact. The important thing

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<v Speaker 1>with tuberculosis is that it takes about six months for

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<v Speaker 1>people to actually get a cure. And the issue that

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<v Speaker 1>we're going to be using mobile money with here is

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<v Speaker 1>to ensure that people are being incentivized to stay and

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<v Speaker 1>continuing to complete their treatment programs so we didn't have

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<v Speaker 1>more disease resistant forms of tuberculosis arise. So the i

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<v Speaker 1>C T aspect information technology communication technology aspect is the

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<v Speaker 1>mobile money? Are there other ways in which you're using

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<v Speaker 1>I c T to fight tuberculosis? Certainly, in the event

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<v Speaker 1>of being able to use um, you know, mobile forms

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<v Speaker 1>of computing, whether it's tablet computers in terms of putting

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<v Speaker 1>these in the hands of healthcare workers, whether they're working

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<v Speaker 1>in clinics or whether they're actually going out to communities

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<v Speaker 1>to deal with patients on a more localized level. UM.

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<v Speaker 1>Certainly the ability of these tablets and mobile forms of

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<v Speaker 1>computing to ensure that you can try to find ways

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<v Speaker 1>to train people while they're in the field, and then

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<v Speaker 1>not only in terms of training people in the field,

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<v Speaker 1>but also once the information and data is gathered, then

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<v Speaker 1>being able to bring that back in a centralized basis

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<v Speaker 1>fairly quickly, and more importantly, to the extent that this

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<v Speaker 1>information is being gathered as fairly transparent, being able to

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<v Speaker 1>react on a faster basis in terms of trends that

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<v Speaker 1>are developing, and what about where is technology going? This

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<v Speaker 1>is certainly, this is humanitarian, This is work to help people.

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<v Speaker 1>Is there eventually an investment angle here as well? Certainly

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<v Speaker 1>there is an investment angle if you wanted to look

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<v Speaker 1>at mobile money services in Africa. They're primarily operated by

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<v Speaker 1>mobile network operators cell phone companies. The company that actually

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<v Speaker 1>had pioneered the development of Empessa in um Kenya, company

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<v Speaker 1>called Safari Comm is actually a subsidiary of Vodaphone. But

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<v Speaker 1>if one was looking for a pure local play around

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<v Speaker 1>mobile money as well as also mobile network operations. As

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<v Speaker 1>a company headquarter in South Africa, mt N Group there

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<v Speaker 1>over the counter a d R here in the United

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<v Speaker 1>States is mt N o y market caps about fifteen

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<v Speaker 1>and a half billion dollars traded. Uh was up one

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<v Speaker 1>point seven today, closing in a dollars fifty two cents,

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<v Speaker 1>has an average volume about a hundred and sixteen thousand shares,

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<v Speaker 1>So it's it's a liquid named fifteen and a half

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<v Speaker 1>real quick five seconds? Do you own any of these days?

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<v Speaker 1>MTN okay? But hey, well truly certainly gave us an

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<v Speaker 1>interesting idea when it comes to investing in Africa. Gave

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<v Speaker 1>garrity for principle at g B a research and a

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<v Speaker 1>consultant to the World Bank, on some very important work

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<v Speaker 1>being done in Africa. This is taking stock on Bloomberg

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<v Speaker 1>Radio coming up. Bloomberg Lab brought to you by Deutsch

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<v Speaker 1>Jakins PC. If you feel you've been unlovely terminated, you

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