Japanese students learning from African instructors.

Scustin Bieburr

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I keep telling yall, get in on those Asian stocks :wow:


Been feeling good with these ETFs:
GSJY
EWJ

Finna jump on this African ETF too:
AFK

このパンを手に入れましょう、兄弟たち。:banderas:
 

sportscribe

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Interesting video.

While knowledge transfer and capacity building is always good, how well does it translate into wealth? Infrastructure and manufacturing is definitely the way forward to spur growth. Africa does have a lot of untapped potential, including a very young, vibrant, and increasingly educated population. However these metrics are only being exploited by foreigners - like the Japanese entrepreneur in this video. While there is a lot of skills-transfer going on, you can bet he targeted these IT professionals because he can pay them a fraction of what an equally skilled professional would be paid in Japan.

If I were leading any technology ministry in an African country, I am incentvizing big tech companies and manufacturers to invest in my country. I'm giving them 10-year tax holidays as well and pushing for mandates that require a minimum of 60% of the workforce is filled by locals. That way you ensure employment for your people, and the foreign workforce is also taxed in country. The companies wouldn't mind because they are getting a decade long tax holiday. You are ensuring continued development in your communities for years to come.
 

rabbid

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I heard it’s a lot of Africans and Jamaicans out there working actually. Good for them but at the same time it’s giving clean up crew cause the Japanese don’t have the time or manpower to teach it most likely. Hope they’re being treated well out there. And if it ain’t bout ownership they’re basically just exploiting their value over time.
 

sportscribe

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I heard it’s a lot of Africans and Jamaicans out there working actually. Good for them but at the same time it’s giving clean up crew cause the Japanese don’t have the time or manpower to teach it most likely. Hope they’re being treated well out there. And if it ain’t bout ownership they’re basically just exploiting their value over time.
The workers like the Rwandans in the video are working remotely for their home country.
 

Scustin Bieburr

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What Africa needs is infrastructure, infrastructure, infrastructure.
There's a conference happening next spring about this

There's money to be made in some of these countries like South Africa and Nigeria. They're willing to buy, others are ready to sell. One of the greatest things that could happen for the continent is a growing middle class because they're the ones that drive investment. They're the ones sending money to pay for construction of homes and buying electronics and vehicles etc.

Hospitals, schools, ports, factories etc. Being built means money for local construction firms and jobs for the young people in these countries. Money for us too as retail investors if we reap the dividends of some of that investment :myman:
 

Scustin Bieburr

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The workers like the Rwandans in the video are working remotely for their home country.
Some are actually traveling to Japan. Saw another news segment about Africans being recruited to fill labor shortages. Key thing to remember is that Japan and Korea and China are aging, but some surrounding countries like the Philippines and Thailand are still young and Africa has a lot of young people in it. They'll come, work for a few years while sending money back and then return. When they come back they're basically living like kings if the exchange rate is good.

That's where a good amount of money is. Those professionals that went overseas but are continuing to fund projects remotely, and then come back to start spending that money and trying to start their own hustles with the skills and connections they learned abroad.
 
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