title
African Billionaire Aliko Dangote on The David Rubenstein Show

description
Jan.09 -- Aliko Dangote, Chief Executive Officer of Dangote Industries, and Africa's richest man, talks about the population explosion in Nigeria, his keys to success in business and his philanthropic efforts. He appears on "The David Rubenstein Show: Peer-to-Peer Conversations." The interview was recorded Sept. 26 in New York.

detail
{'title': 'African Billionaire Aliko Dangote on The David Rubenstein Show', 'heatmap': [{'end': 699.536, 'start': 686.263, 'weight': 0.785}, {'end': 1116.63, 'start': 1108.348, 'weight': 0.84}], 'summary': 'In this video, aliko dangote discusses investment opportunities in africa, his leadership, philanthropy, wealth, and business leadership, as well as his $20 billion investment plan and interest in acquiring the arsenal team.', 'chapters': [{'end': 57.952, 'segs': [{'end': 57.952, 'src': 'embed', 'start': 4.858, 'weight': 0, 'content': [{'end': 6.339, 'text': 'Would you like to be president of Nigeria?', 'start': 4.858, 'duration': 1.481}, {'end': 16.668, 'text': 'Some of us we need to lead in terms of the trajectory of developing Africa through the business, not through the political leadership.', 'start': 6.7, 'duration': 9.968}, {'end': 20.591, 'text': 'Are there good investment opportunities for non-Africans in Africa?', 'start': 16.988, 'duration': 3.603}, {'end': 26.933, 'text': "Well, there are good opportunities for everybody, you know, and I think there's protection also for everybody.", 'start': 20.891, 'duration': 6.042}, {'end': 36.377, 'text': 'So the Arsenal team, is that a team that you would like to buy someday? It is a team that, yes, you know, I would like to buy, you know, someday.', 'start': 27.254, 'duration': 9.123}, {'end': 42.439, 'text': "Would you fix your tie, please? Well, people wouldn't recognize me if my tie was fixed, but okay.", 'start': 37.537, 'duration': 4.902}, {'end': 44.64, 'text': 'Just leave it this way.', 'start': 43.82, 'duration': 0.82}, {'end': 46.401, 'text': 'All right.', 'start': 46.161, 'duration': 0.24}, {'end': 54.749, 'text': "I don't consider myself a journalist.", 'start': 53.188, 'duration': 1.561}, {'end': 57.952, 'text': 'And nobody else would consider myself a journalist.', 'start': 55.99, 'duration': 1.962}], 'summary': 'African business development, investment opportunities, potential interest in owning arsenal team.', 'duration': 53.094, 'max_score': 4.858, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/_5hYsdVbW2E/pics/_5hYsdVbW2E4858.jpg'}], 'start': 4.858, 'title': 'Investment opportunities in africa', 'summary': 'Emphasizes potential investment opportunities in africa, including the interest in acquiring the arsenal team, focusing on business development, and highlighting openness of investment opportunities for everyone.', 'chapters': [{'end': 57.952, 'start': 4.858, 'title': 'Investment opportunities in africa', 'summary': 'Discusses the potential investment opportunities in africa and the interest in acquiring the arsenal team, emphasizing the focus on business development over political leadership, and the openness of investment opportunities for everyone.', 'duration': 53.094, 'highlights': ['Acquiring the Arsenal team is a future aspiration, demonstrating interest in sports investment.', 'Emphasizing the focus on business development over political leadership in Africa.', 'Stating the availability of good investment opportunities for everyone in Africa.']}], 'duration': 53.094, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/_5hYsdVbW2E/pics/_5hYsdVbW2E4858.jpg', 'highlights': ['Acquiring the Arsenal team is a future aspiration, demonstrating interest in sports investment.', 'Stating the availability of good investment opportunities for everyone in Africa.', 'Emphasizing the focus on business development over political leadership in Africa.']}, {'end': 398.086, 'segs': [{'end': 85.897, 'src': 'embed', 'start': 58.713, 'weight': 0, 'content': [{'end': 64.397, 'text': 'I began to take on the life of being an interviewer, even though I have a day job running a private equity firm.', 'start': 58.713, 'duration': 5.684}, {'end': 80.734, 'text': 'How do you define leadership? What is it that makes somebody tick? Aliko Dangote is widely known to be the wealthiest man in Africa.', 'start': 67.08, 'duration': 13.654}, {'end': 83.175, 'text': "So is that a title you're proud to have?", 'start': 81.254, 'duration': 1.921}, {'end': 85.897, 'text': 'or is that one where you get so many people calling you for money?', 'start': 83.175, 'duration': 2.722}], 'summary': "A private equity firm owner interviews aliko dangote, africa's wealthiest man.", 'duration': 27.184, 'max_score': 58.713, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/_5hYsdVbW2E/pics/_5hYsdVbW2E58713.jpg'}, {'end': 139.921, 'src': 'embed', 'start': 111.021, 'weight': 3, 'content': [{'end': 115.827, 'text': 'But it is good because I like to give back to the society.', 'start': 111.021, 'duration': 4.806}, {'end': 121.032, 'text': 'So right now you are involved in many philanthropic endeavors in Africa and elsewhere.', 'start': 116.63, 'duration': 4.402}, {'end': 124.414, 'text': "Let's go through some of them before we go to how you actually made all of this money.", 'start': 121.092, 'duration': 3.322}, {'end': 135.279, 'text': 'So recently you had an event in New York where we are now, with Mo Ibrahim, also a wealthy African business person, and Bill Gates,', 'start': 125.154, 'duration': 10.125}, {'end': 139.921, 'text': 'in which you provided a fair amount of money for the African Center in New York, in Harlem.', 'start': 135.279, 'duration': 4.642}], 'summary': 'Involved in philanthropic endeavors, supported african center in new york with mo ibrahim and bill gates', 'duration': 28.9, 'max_score': 111.021, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/_5hYsdVbW2E/pics/_5hYsdVbW2E111021.jpg'}, {'end': 188.681, 'src': 'embed', 'start': 160.798, 'weight': 1, 'content': [{'end': 163.26, 'text': 'We need to make it a, you know, a reality.', 'start': 160.798, 'duration': 2.462}, {'end': 170.286, 'text': 'First of all, you know, for us to be able to project Africa in a better light, you know, bringing Africa to the rest of the world.', 'start': 163.92, 'duration': 6.366}, {'end': 176.271, 'text': 'you know, especially when you look at, you know, the third week of every September.', 'start': 171.527, 'duration': 4.744}, {'end': 181.855, 'text': 'we have the United Nations General Assembly, where the entire world converges in New York,', 'start': 176.271, 'duration': 5.584}, {'end': 188.681, 'text': 'and what we want to do is to tell the real narrative of Africa and tell the rest of the world what Africa is all about.', 'start': 181.855, 'duration': 6.826}], 'summary': "Promoting africa's narrative at united nations general assembly in september", 'duration': 27.883, 'max_score': 160.798, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/_5hYsdVbW2E/pics/_5hYsdVbW2E160798.jpg'}, {'end': 273.686, 'src': 'embed', 'start': 225.316, 'weight': 4, 'content': [{'end': 229.738, 'text': "What is the progress that you've made to date? I think we've done quite a lot.", 'start': 225.316, 'duration': 4.422}, {'end': 232.579, 'text': 'The progress has been very, very tremendous.', 'start': 230.558, 'duration': 2.021}, {'end': 240.262, 'text': "In the last three years, we haven't really had any wild virus of polio.", 'start': 232.639, 'duration': 7.623}, {'end': 248.57, 'text': "And hopefully when we work hard between now and the next six months, by April we'll be certified to be folio-free country,", 'start': 241.102, 'duration': 7.468}, {'end': 252.775, 'text': 'which means the entire African continent will be folio-free.', 'start': 248.57, 'duration': 4.205}, {'end': 258.12, 'text': "Now, one of the things you're doing in the philanthropic world is building a hospital in Nigeria.", 'start': 253.315, 'duration': 4.805}, {'end': 260.202, 'text': 'Why do you feel a need to build a new hospital?', 'start': 258.221, 'duration': 1.981}, {'end': 268.045, 'text': 'I think we need to build a world-class hospital because, when you look at it in Nigeria, we spend quite a lot of money,', 'start': 261.283, 'duration': 6.762}, {'end': 273.686, 'text': 'where a lot of people go abroad for medical checkup, for medical operation.', 'start': 268.045, 'duration': 5.641}], 'summary': 'Tremendous progress made in eradicating polio; aiming for certification by april to make nigeria polio-free and building a world-class hospital to reduce medical tourism.', 'duration': 48.37, 'max_score': 225.316, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/_5hYsdVbW2E/pics/_5hYsdVbW2E225316.jpg'}, {'end': 323.599, 'src': 'embed', 'start': 294.481, 'weight': 2, 'content': [{'end': 296.102, 'text': "Yeah, we're growing at about 3%.", 'start': 294.481, 'duration': 1.621}, {'end': 301.384, 'text': 'So at the current rate, at some point, more people will be in Nigeria than in the United States.', 'start': 296.102, 'duration': 5.282}, {'end': 311.13, 'text': "Well by 2050 we will be at about 450 million population and I'm sure we will be way ahead of the states.", 'start': 302.744, 'duration': 8.386}, {'end': 319.296, 'text': "We'll be about number three after China, India, then it will be Nigeria in terms of population.", 'start': 311.17, 'duration': 8.126}, {'end': 323.599, 'text': 'So by 2050 you could be the third biggest country in the world by population at the current population growth rate.', 'start': 319.336, 'duration': 4.263}], 'summary': "Nigeria's population growing at 3%, projected to reach 450 million by 2050, potentially becoming the world's third most populous country.", 'duration': 29.118, 'max_score': 294.481, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/_5hYsdVbW2E/pics/_5hYsdVbW2E294481.jpg'}], 'start': 58.713, 'title': "Aliko dangote's leadership and philanthropy, africa's global narrative, and world-class hospital in nigeria", 'summary': "Delves into aliko dangote's views on leadership, his philanthropic endeavors, efforts to promote africa globally during the united nations general assembly, and the progress in eradicating polio in nigeria. it also highlights the importance of building a world-class hospital in nigeria to reduce the need for citizens to travel abroad for medical treatment and the potential challenges and opportunities related to nigeria's population growth and economic diversification.", 'chapters': [{'end': 160.738, 'start': 58.713, 'title': 'Aliko dangote: leadership and philanthropy', 'summary': "Delves into aliko dangote's views on leadership, the challenges of being the wealthiest man in africa, and his philanthropic endeavors, including his involvement in establishing the africa center in new york.", 'duration': 102.025, 'highlights': ['Aliko Dangote discusses the challenges of being called the wealthiest man in Africa and the associated demands and pressures it brings.', 'Aliko Dangote explains his involvement in philanthropic endeavors, including providing a fair amount of money for the African Center in New York, in collaboration with Mo Ibrahim and Bill Gates.', 'Aliko Dangote describes the inception of the Africa Center and the collaborative effort with Chelsea Clinton, Mo Ibrahim, and his daughter Halima to set it up.']}, {'end': 252.775, 'start': 160.798, 'title': "Promoting africa's narrative globally", 'summary': 'Discusses the efforts to project africa in a better light globally, particularly during the united nations general assembly, and the progress made in eradicating polio in nigeria, aiming for africa to be certified polio-free by april.', 'duration': 91.977, 'highlights': ['Efforts to project Africa in a better light globally, particularly during the United Nations General Assembly The chapter emphasizes the need to project Africa positively, especially during the United Nations General Assembly, to convey the real narrative of Africa to the rest of the world.', 'Progress made in eradicating polio in Nigeria, aiming for Africa to be certified polio-free by April The progress in eradicating polio in Nigeria has been tremendous, with no wild virus of polio in the last three years, aiming for the entire African continent to be polio-free by April.', 'Diversity of languages in Africa The speaker highlights the linguistic diversity in Africa, with approximately 2,000 different languages spoken, emphasizing the complexity and richness of African culture.']}, {'end': 398.086, 'start': 253.315, 'title': 'Building a world-class hospital in nigeria', 'summary': "Highlights the importance of building a world-class hospital in nigeria to reduce the need for citizens to travel abroad for medical treatment, as well as the potential challenges and opportunities related to nigeria's population growth and economic diversification.", 'duration': 144.771, 'highlights': ["Nigeria's population is growing at about 3%, and it is projected to reach around 450 million by 2050, making it the third largest country in the world by population.", "Oil contributes 90% of Nigeria's foreign exchange and 60% of the government's revenue, but there is a need to diversify the economy by focusing on agriculture and manufacturing.", "The plan to build a world-class hospital in Nigeria aims to provide citizens with access to quality medical care locally, reducing the need for medical travel abroad and leveraging the country's potential in the healthcare sector."]}], 'duration': 339.373, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/_5hYsdVbW2E/pics/_5hYsdVbW2E58713.jpg', 'highlights': ['Aliko Dangote discusses the challenges of being called the wealthiest man in Africa and the associated demands and pressures it brings.', 'Efforts to project Africa in a better light globally, particularly during the United Nations General Assembly.', "Nigeria's population is growing at about 3%, and it is projected to reach around 450 million by 2050, making it the third largest country in the world by population.", 'Aliko Dangote explains his involvement in philanthropic endeavors, including providing a fair amount of money for the African Center in New York, in collaboration with Mo Ibrahim and Bill Gates.', 'Progress made in eradicating polio in Nigeria, aiming for Africa to be certified polio-free by April.', "The plan to build a world-class hospital in Nigeria aims to provide citizens with access to quality medical care locally, reducing the need for medical travel abroad and leveraging the country's potential in the healthcare sector."]}, {'end': 802.515, 'segs': [{'end': 475.426, 'src': 'embed', 'start': 398.406, 'weight': 0, 'content': [{'end': 402.387, 'text': 'So I think government is working very hard to make sure that, yes, they adjust all these numbers.', 'start': 398.406, 'duration': 3.981}, {'end': 405.809, 'text': 'Now, as the wealthiest man in Africa and the wealthiest man in Nigeria.', 'start': 402.428, 'duration': 3.381}, {'end': 408.43, 'text': 'do you get pressure to run for political office yourself?', 'start': 405.809, 'duration': 2.621}, {'end': 409.951, 'text': 'Would you like to be president of Nigeria?', 'start': 408.49, 'duration': 1.461}, {'end': 417.755, 'text': "I think I'm doing a great job where I am right now, so I don't think I need to be in a political space.", 'start': 410.891, 'duration': 6.864}, {'end': 429.021, 'text': 'Some of us, we need to lead in terms of the trajectory of developing Africa through the business, not through the political leadership.', 'start': 419.116, 'duration': 9.905}, {'end': 436.882, 'text': "Let's talk about how you made this amount of money, which is by far the largest amount of money that any individual has in Africa.", 'start': 429.534, 'duration': 7.348}, {'end': 444.239, 'text': 'So you came from a wealthy family or not a wealthy family? I came from a wealthy family.', 'start': 437.422, 'duration': 6.817}, {'end': 457.091, 'text': 'My late great-grandfather in the 1940s was actually the richest West African.', 'start': 445.219, 'duration': 11.872}, {'end': 463.337, 'text': 'My late grandfather was one of the wealthiest Nigerians.', 'start': 458.172, 'duration': 5.165}, {'end': 465.459, 'text': 'The family name is Dentata.', 'start': 464.097, 'duration': 1.362}, {'end': 466.86, 'text': "That's from my maternal side.", 'start': 465.479, 'duration': 1.381}, {'end': 475.426, 'text': 'Uh, my father, too, you know, was fairly rich, you know, but he was both, uh, you know, in business and also in politics.', 'start': 468.401, 'duration': 7.025}], 'summary': 'African businessman discusses wealth and political leadership, emphasizing business development over political leadership. he comes from a wealthy family with a rich business and political history.', 'duration': 77.02, 'max_score': 398.406, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/_5hYsdVbW2E/pics/_5hYsdVbW2E398406.jpg'}, {'end': 676.171, 'src': 'embed', 'start': 646.314, 'weight': 4, 'content': [{'end': 654.699, 'text': 'So what year was that? We started the building end of 2003 and we finished in 2007.', 'start': 646.314, 'duration': 8.385}, {'end': 664.284, 'text': "So now you're the largest cement manufacturer in Nigeria? We're the largest cement manufacturer in sub-Saharan Africa.", 'start': 654.699, 'duration': 9.585}, {'end': 667.206, 'text': "So you're building a refinery in Nigeria.", 'start': 664.764, 'duration': 2.442}, {'end': 676.171, 'text': 'Why does Nigeria need another refinery? When you look at the entire sub-Saharan Africa, you know we have only two working refineries.', 'start': 667.266, 'duration': 8.905}], 'summary': 'Construction of the building started in 2003, finished in 2007. the company is the largest cement manufacturer in sub-saharan africa, and is also building a refinery in nigeria to address the shortage of refineries in the region.', 'duration': 29.857, 'max_score': 646.314, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/_5hYsdVbW2E/pics/_5hYsdVbW2E646314.jpg'}, {'end': 711.745, 'src': 'heatmap', 'start': 686.263, 'weight': 0.785, 'content': [{'end': 690.813, 'text': "So the cement business is the core of your wealth and your company, but you're now building other things.", 'start': 686.263, 'duration': 4.55}, {'end': 693.298, 'text': "So you're building a refinery in Nigeria.", 'start': 690.853, 'duration': 2.445}, {'end': 699.536, 'text': 'Why does Nigeria need another refinery? Well, you know, David, let me give you a little bit of history.', 'start': 693.338, 'duration': 6.198}, {'end': 711.745, 'text': "You know what we do as Dengote Group. we use our businesses like now. we're using our current businesses to build the future of the you know business.", 'start': 699.656, 'duration': 12.089}], 'summary': 'Dangote group is expanding beyond cement with a new refinery in nigeria.', 'duration': 25.482, 'max_score': 686.263, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/_5hYsdVbW2E/pics/_5hYsdVbW2E686263.jpg'}, {'end': 730.5, 'src': 'embed', 'start': 699.656, 'weight': 6, 'content': [{'end': 711.745, 'text': "You know what we do as Dengote Group. we use our businesses like now. we're using our current businesses to build the future of the you know business.", 'start': 699.656, 'duration': 12.089}, {'end': 717.089, 'text': 'Like when we were in sugar, it was the sugar profit that we used in building the cement.', 'start': 712.245, 'duration': 4.844}, {'end': 720.992, 'text': "Now, with this cement, we're building so many things.", 'start': 717.869, 'duration': 3.123}, {'end': 730.5, 'text': "you know refinery, fertilizer, you know petroleum products, and then we're doing also petrochemicals.", 'start': 720.992, 'duration': 9.508}], 'summary': 'Dangote group uses its current businesses to build the future, transitioning from sugar to cement and further expanding into refinery, fertilizer, petroleum products, and petrochemicals.', 'duration': 30.844, 'max_score': 699.656, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/_5hYsdVbW2E/pics/_5hYsdVbW2E699656.jpg'}, {'end': 816.283, 'src': 'embed', 'start': 779.872, 'weight': 5, 'content': [{'end': 785.195, 'text': "And what you're doing is you're building one of the largest refineries in the world? It is the largest single line in the world.", 'start': 779.872, 'duration': 5.323}, {'end': 786.295, 'text': "It's 650,000 barrels a day.", 'start': 785.375, 'duration': 0.92}, {'end': 792.169, 'text': 'Sorry, 650,000 barrels a day of refining capacity.', 'start': 789.327, 'duration': 2.842}, {'end': 796.411, 'text': 'So to do that, do you have to borrow some money, or where did the money come from to build that??', 'start': 792.209, 'duration': 4.202}, {'end': 798.493, 'text': 'Well, what we are doing right now?', 'start': 796.752, 'duration': 1.741}, {'end': 802.515, 'text': 'we are borrowing from the commercial banks.', 'start': 798.493, 'duration': 4.022}, {'end': 816.283, 'text': 'We are also borrowing some money from some financial institutions like the African Development Bank, the development banks.', 'start': 803.395, 'duration': 12.888}], 'summary': "Building the world's largest refinery with 650,000 barrels/day capacity, leveraging commercial banks and financial institutions for funding.", 'duration': 36.411, 'max_score': 779.872, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/_5hYsdVbW2E/pics/_5hYsdVbW2E779872.jpg'}], 'start': 398.406, 'title': "Aliko dangote's wealth and business leadership", 'summary': "Discusses aliko dangote's family wealth, his business leadership, and trajectory from a trader to africa's richest, emphasizing his commitment to business, plans for a large refinery, and impact on africa's economy.", 'chapters': [{'end': 475.426, 'start': 398.406, 'title': "Aliko dangote's wealth and leadership", 'summary': "Discusses aliko dangote's stance on political leadership, his family's wealth, and his trajectory of developing africa through business, highlighting his family's historical wealth and his commitment to business leadership over political leadership.", 'duration': 77.02, 'highlights': ['Aliko Dangote comes from a wealthy family, with his great-grandfather being the richest West African in the 1940s, and his late grandfather being one of the wealthiest Nigerians.', 'Dangote emphasizes the need to lead in developing Africa through business rather than political leadership.', 'Dangote dismisses the idea of running for political office, stating that he is doing a great job in his current position and does not feel the need to be in a political space.', "Dangote's father was wealthy and active in both business and politics."]}, {'end': 802.515, 'start': 476.187, 'title': "Dangote's rise from trader to africa's richest", 'summary': "Outlines aliko dangote's journey from starting his own business at 21, trading cement, to becoming the largest cement manufacturer in sub-saharan africa and his plans to build the world's largest refinery in nigeria, addressing infrastructural deficits and reducing nigeria's petroleum product imports by utilizing profits from his current businesses to build the future.", 'duration': 326.328, 'highlights': ['Aliko Dangote started his business at 21, trading cement, and is now the largest cement manufacturer in sub-Saharan Africa. Aliko Dangote began his business at 21 by trading cement and later became the largest cement manufacturer in sub-Saharan Africa.', "Aliko Dangote plans to build the world's largest refinery in Nigeria with a refining capacity of 650,000 barrels a day, utilizing profits from his current businesses to build the future. Aliko Dangote aims to construct the world's largest single-line refinery in Nigeria with a refining capacity of 650,000 barrels a day, using profits from his current businesses for expansion.", 'Dangote Group uses profits from current businesses to build future ventures, such as using sugar profits to build the cement business and now expanding into refinery, fertilizer, and petrochemicals. Dangote Group leverages profits from its current businesses to fuel future ventures, exemplified by using sugar profits to build the cement business and now expanding into refinery, fertilizer, and petrochemicals.']}], 'duration': 404.109, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/_5hYsdVbW2E/pics/_5hYsdVbW2E398406.jpg', 'highlights': ['Aliko Dangote comes from a wealthy family, with a rich lineage dating back to the 1940s.', "Dangote emphasizes leading Africa's development through business rather than politics.", 'Dangote dismisses the idea of running for political office, focusing on his current role.', "Dangote's father was wealthy and active in both business and politics.", 'Aliko Dangote started his business at 21, trading cement, and is now the largest cement manufacturer in sub-Saharan Africa.', "Aliko Dangote plans to build the world's largest refinery in Nigeria with a refining capacity of 650,000 barrels a day, utilizing profits from his current businesses to build the future.", 'Dangote Group leverages profits from its current businesses to fuel future ventures, expanding into refinery, fertilizer, and petrochemicals.']}, {'end': 1031.002, 'segs': [{'end': 875.577, 'src': 'embed', 'start': 803.395, 'weight': 0, 'content': [{'end': 816.283, 'text': 'We are also borrowing some money from some financial institutions like the African Development Bank, the development banks.', 'start': 803.395, 'duration': 12.888}, {'end': 818.283, 'text': 'financial development.', 'start': 816.903, 'duration': 1.38}, {'end': 820.964, 'text': "you know banks we're borrowing from.", 'start': 818.283, 'duration': 2.681}, {'end': 823.184, 'text': 'you know african exam bank.', 'start': 820.964, 'duration': 2.22}, {'end': 829.986, 'text': 'so many companies outside the united states, outside of africa, like to invest, would like to invest in africa.', 'start': 823.184, 'duration': 6.802}, {'end': 831.746, 'text': 'where do you recommend that they invest?', 'start': 829.986, 'duration': 1.76}, {'end': 834.687, 'text': 'in nigeria, south africa, kenya.', 'start': 831.746, 'duration': 2.941}, {'end': 840.448, 'text': "obviously, you're probably partial to nigeria, but are there good investment opportunities for non-africans in africa?", 'start': 834.687, 'duration': 5.761}, {'end': 843.411, 'text': 'Well, there are good opportunities for everybody.', 'start': 841.069, 'duration': 2.342}, {'end': 847.114, 'text': "And I think there's protection also for everybody.", 'start': 844.232, 'duration': 2.882}, {'end': 852.238, 'text': 'As we speak today, even foreign investors, let me give you an example.', 'start': 848.695, 'duration': 3.543}, {'end': 860.144, 'text': "In Nigeria, if I have a partnership with you that I'm investing, I won't have what you call minimum taxation.", 'start': 852.318, 'duration': 7.826}, {'end': 868.851, 'text': 'But if the company is owned by myself alone as a Nigerian or Nigerian entity, we have a minimum taxation.', 'start': 860.965, 'duration': 7.886}, {'end': 875.577, 'text': "So there's quite a lot in terms of inviting foreigners to come and invest in Africa.", 'start': 869.652, 'duration': 5.925}], 'summary': 'Africa offers good investment opportunities with protection for all, including tax benefits for foreign investors in nigeria.', 'duration': 72.182, 'max_score': 803.395, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/_5hYsdVbW2E/pics/_5hYsdVbW2E803395.jpg'}, {'end': 1031.002, 'src': 'embed', 'start': 903.124, 'weight': 3, 'content': [{'end': 908.369, 'text': 'And today, the boom seems to be off the rose in African private equity investing.', 'start': 903.124, 'duration': 5.245}, {'end': 911.512, 'text': 'It was very attractive to many people four, five, six years ago.', 'start': 908.389, 'duration': 3.123}, {'end': 913.774, 'text': 'Today, it seems to be less attractive.', 'start': 911.892, 'duration': 1.882}, {'end': 916.836, 'text': 'Is that because the economies in Africa have gone down a bit?', 'start': 913.794, 'duration': 3.042}, {'end': 918.358, 'text': 'or what would you say, is the reason??', 'start': 916.836, 'duration': 1.522}, {'end': 925.985, 'text': 'Well, I think most of that reason, I think, is to do with, first of all, lack of understanding of where to even invest.', 'start': 918.818, 'duration': 7.167}, {'end': 930.028, 'text': 'You know, I mean, look at the investments that were made with you.', 'start': 927.466, 'duration': 2.562}, {'end': 935.272, 'text': 'I think I can say that 90% of whatever we invested in were doing very well.', 'start': 930.068, 'duration': 5.204}, {'end': 938.414, 'text': 'So I think it is where you should invest.', 'start': 936.112, 'duration': 2.302}, {'end': 943.018, 'text': 'Even myself as an African, I cannot invest in every single sector.', 'start': 938.434, 'duration': 4.584}, {'end': 945.58, 'text': 'So I have to be very choosy of where I invest.', 'start': 943.038, 'duration': 2.542}, {'end': 951.243, 'text': "uh, and you know, there's a lot of you know, uh, wrong perception.", 'start': 946.9, 'duration': 4.343}, {'end': 955.906, 'text': 'you know, people read stories from newspapers and they believe what they are.', 'start': 951.243, 'duration': 4.663}, {'end': 958.528, 'text': 'you know, you know reading.', 'start': 955.906, 'duration': 2.622}, {'end': 961.65, 'text': 'but i think, uh, you know as we go along.', 'start': 958.528, 'duration': 3.122}, {'end': 965.933, 'text': 'you know there are quite a lot of changes in most african countries.', 'start': 961.65, 'duration': 4.283}, {'end': 970.996, 'text': 'try and change in terms of focus on the economy.', 'start': 965.933, 'duration': 5.063}, {'end': 974.298, 'text': 'Now you live principally in Lagos, is that right? Yes.', 'start': 971.276, 'duration': 3.022}, {'end': 981.063, 'text': 'And how many people are there in Lagos? In Lagos today we have about 25 million.', 'start': 974.739, 'duration': 6.324}, {'end': 983.124, 'text': '25 million people? Yes, in terms of population.', 'start': 981.083, 'duration': 2.041}, {'end': 984.965, 'text': "I know it's a very small..", 'start': 983.324, 'duration': 1.641}, {'end': 988.027, 'text': "So getting around in Lagos, which I've tried to do, is not that easy.", 'start': 984.965, 'duration': 3.062}, {'end': 990.429, 'text': 'Though getting around in New York is not that easy either.', 'start': 988.688, 'duration': 1.741}, {'end': 995.392, 'text': 'But, for example, when you get around, do you have special police cars that take you around?', 'start': 991.31, 'duration': 4.082}, {'end': 996.433, 'text': 'How do you get around Lagos?', 'start': 995.452, 'duration': 0.981}, {'end': 999.656, 'text': 'Well, I get around in Lagos.', 'start': 996.693, 'duration': 2.963}, {'end': 1003.701, 'text': 'Yeah, sometimes I have, you know, police escort, but not all the time.', 'start': 999.737, 'duration': 3.964}, {'end': 1006.004, 'text': 'Over the weekend, I drive myself.', 'start': 1004.342, 'duration': 1.662}, {'end': 1007.445, 'text': 'You drive yourself? Oh, yes, I do.', 'start': 1006.164, 'duration': 1.281}, {'end': 1008.066, 'text': 'I drive myself.', 'start': 1007.625, 'duration': 0.441}, {'end': 1015.092, 'text': "And people stare at you and say, there's the wealthiest man in Africa driving himself? They do sometimes when they recognize the person driving, yes.", 'start': 1008.086, 'duration': 7.006}, {'end': 1016.513, 'text': 'Do you go to a restaurant by yourself??', 'start': 1015.172, 'duration': 1.341}, {'end': 1018.955, 'text': 'Do people come up for selfies or they ask you for money?', 'start': 1016.533, 'duration': 2.422}, {'end': 1021.516, 'text': "They don't really ask me for money.", 'start': 1020.036, 'duration': 1.48}, {'end': 1031.002, 'text': 'but even here, anytime, when I go to places to either eat or to you know, I get a lot of requests for selfies.', 'start': 1021.516, 'duration': 9.486}], 'summary': 'African private equity investment less attractive due to lack of understanding of where to invest, despite 90% of investments doing well. lagos has a population of 25 million.', 'duration': 127.878, 'max_score': 903.124, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/_5hYsdVbW2E/pics/_5hYsdVbW2E903124.jpg'}], 'start': 803.395, 'title': 'Investment and private equity in africa', 'summary': "Discusses investment opportunities in africa, focusing on nigeria, south africa, ghana, cote d'ivoire, and kenya, and highlights the declining attractiveness of african private equity investing, citing a 90% success rate in previous investments.", 'chapters': [{'end': 902.804, 'start': 803.395, 'title': 'Investment opportunities in africa', 'summary': "Discusses investment opportunities in africa, including borrowing from financial institutions and inviting foreign investors, with a focus on nigeria, south africa, ghana, cote d'ivoire, and kenya as potential investment destinations.", 'duration': 99.409, 'highlights': ["Nigeria, Ghana, Cote d'Ivoire, and Kenya are recommended as good investment opportunities for non-Africans, with a focus on inviting foreigners to invest in Africa.", 'Borrowing from financial institutions like the African Development Bank and other development banks is mentioned as a source of funding for investment in Africa.', 'Foreign investors in Nigeria may benefit from certain tax advantages, such as minimum taxation, compared to local investors or entities.']}, {'end': 970.996, 'start': 903.124, 'title': 'African private equity investing', 'summary': 'Discusses the declining attractiveness of african private equity investing, citing lack of understanding and perception as primary reasons, while highlighting a 90% success rate in previous investments.', 'duration': 67.872, 'highlights': ['Investments had a 90% success rate, indicating the potential of African private equity investing.', 'The declining attractiveness of African private equity investing is attributed to a lack of understanding and perception.', 'Selective investment approach due to the need for understanding and choosiness in sectors for investment in African private equity.', 'Wrong perception and reliance on media stories affecting the attractiveness of African private equity investing.']}, {'end': 1031.002, 'start': 971.276, 'title': 'Life in lagos: 25 million people', 'summary': "Discusses aliko dangote's experience living in lagos with a population of 25 million and his means of transportation, including instances of driving himself and being recognized by people for selfies.", 'duration': 59.726, 'highlights': ['Aliko Dangote lives in Lagos, which has a population of about 25 million.', 'He sometimes uses police escort but also drives himself around Lagos, and people recognize him when he does.', 'In Lagos, he receives requests for selfies when he goes to places to eat.', "Despite being the wealthiest man in Africa, people don't usually ask him for money."]}], 'duration': 227.607, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/_5hYsdVbW2E/pics/_5hYsdVbW2E803395.jpg', 'highlights': ["Nigeria, Ghana, Cote d'Ivoire, and Kenya recommended as good investment opportunities for non-Africans, focusing on inviting foreigners to invest in Africa.", 'Borrowing from financial institutions like the African Development Bank and other development banks mentioned as a source of funding for investment in Africa.', 'Foreign investors in Nigeria may benefit from certain tax advantages, such as minimum taxation, compared to local investors or entities.', 'Investments had a 90% success rate, indicating the potential of African private equity investing.', 'Selective investment approach due to the need for understanding and choosiness in sectors for investment in African private equity.', 'The declining attractiveness of African private equity investing is attributed to a lack of understanding and perception.', 'Wrong perception and reliance on media stories affecting the attractiveness of African private equity investing.', 'Aliko Dangote lives in Lagos, which has a population of about 25 million.', 'He sometimes uses police escort but also drives himself around Lagos, and people recognize him when he does.', 'In Lagos, he receives requests for selfies when he goes to places to eat.', "Despite being the wealthiest man in Africa, people don't usually ask him for money."]}, {'end': 1439.902, 'segs': [{'end': 1078.531, 'src': 'embed', 'start': 1050.734, 'weight': 3, 'content': [{'end': 1057.398, 'text': 'But what I keep saying today, we have $20 billion worth of projects.', 'start': 1050.734, 'duration': 6.664}, {'end': 1061.46, 'text': "And I think that's really what I want to concentrate on.", 'start': 1058.398, 'duration': 3.062}, {'end': 1067.004, 'text': "I'm trying to finish building the company, and then after we finish, maybe sometime in 2021, we can..", 'start': 1061.48, 'duration': 5.524}, {'end': 1073.067, 'text': "So you're not buying a team right now? I'm not buying Arsenal right now.", 'start': 1067.004, 'duration': 6.063}, {'end': 1078.531, 'text': "I'm buying Arsenal when I finish all this project, because I'm trying to take the company.", 'start': 1073.187, 'duration': 5.344}], 'summary': 'Company has $20 billion worth of projects, aiming to finish by 2021 before buying arsenal.', 'duration': 27.797, 'max_score': 1050.734, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/_5hYsdVbW2E/pics/_5hYsdVbW2E1050734.jpg'}, {'end': 1116.63, 'src': 'heatmap', 'start': 1108.348, 'weight': 0.84, 'content': [{'end': 1116.63, 'text': "Okay so, in terms of Africa itself, generally, are you bullish on Africa's prospects as a place in which people can invest,", 'start': 1108.348, 'duration': 8.282}], 'summary': "Bullish on africa's investment prospects?", 'duration': 8.282, 'max_score': 1108.348, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/_5hYsdVbW2E/pics/_5hYsdVbW2E1108348.jpg'}, {'end': 1168.056, 'src': 'embed', 'start': 1116.63, 'weight': 0, 'content': [{'end': 1119.591, 'text': 'private equity firms or industrial companies to invest?', 'start': 1116.63, 'duration': 2.961}, {'end': 1131.474, 'text': "I think I'm very, very bullish when it comes to Africa, and it is the main reason, David, today, why we have $20 billion that we're investing,", 'start': 1120.151, 'duration': 11.323}, {'end': 1140.842, 'text': "all you know, which will finish By end of next year, first quarter of you know, I mean in the next two years, let's say in the next two years.", 'start': 1131.474, 'duration': 9.368}, {'end': 1144.345, 'text': "I'm very, very bullish, you know, in Africa.", 'start': 1140.842, 'duration': 3.503}, {'end': 1146.727, 'text': 'We have done very, very well in, you know, Africa.', 'start': 1144.385, 'duration': 2.342}, {'end': 1156.516, 'text': 'And you know, I can tell you if we continue with what we are doing today, based on our own projections, we will be able to be, you know,', 'start': 1146.887, 'duration': 9.629}, {'end': 1159.008, 'text': 'within the next five years in the Fortune 100..', 'start': 1156.516, 'duration': 2.492}, {'end': 1165.934, 'text': 'Now, from time to time on some television networks, I see advertisements for Dan Gauthier for your company.', 'start': 1159.008, 'duration': 6.926}, {'end': 1168.056, 'text': 'Is that just general brand building?', 'start': 1165.994, 'duration': 2.062}], 'summary': 'Bullish on africa, investing $20b, aiming for fortune 100 in five years', 'duration': 51.426, 'max_score': 1116.63, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/_5hYsdVbW2E/pics/_5hYsdVbW2E1116630.jpg'}, {'end': 1214.621, 'src': 'embed', 'start': 1185.851, 'weight': 1, 'content': [{'end': 1191.857, 'text': 'Because what we are doing right now, David, we are investing mainly in sub-Saharan Africa.', 'start': 1185.851, 'duration': 6.006}, {'end': 1200.965, 'text': 'But if you look at what we are building today, we have a company that has revenues of $4 billion.', 'start': 1192.597, 'duration': 8.368}, {'end': 1211.137, 'text': "uh, in the next two years we'll have a company that will have a revenue of about 30 billion dollars.", 'start': 1202.786, 'duration': 8.351}, {'end': 1214.621, 'text': "so with that we'll have quite a lot of money.", 'start': 1211.137, 'duration': 3.484}], 'summary': "Investing in sub-saharan africa, company's revenue to reach $30 billion in 2 years", 'duration': 28.77, 'max_score': 1185.851, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/_5hYsdVbW2E/pics/_5hYsdVbW2E1185851.jpg'}], 'start': 1031.002, 'title': "Dangote's investment journey", 'summary': "Discusses aliko dangote's plans to invest $20 billion in africa in the next two years, with the goal of increasing revenue from $4 billion to $30 billion and positioning the company in the fortune 100 within five years. it also touches on the speaker's interest in buying arsenal team while focusing on $20 billion worth of projects for the company.", 'chapters': [{'end': 1078.531, 'start': 1031.002, 'title': 'Interest in buying arsenal team', 'summary': "Discusses the speaker's interest in buying the arsenal team in the future, but currently focusing on $20 billion worth of projects to finish building the company.", 'duration': 47.529, 'highlights': ['The speaker expresses interest in buying the Arsenal team in the future, but is currently focusing on $20 billion worth of projects to finish building the company.', 'The speaker clarifies that they are not buying Arsenal right now, as they are concentrating on completing ongoing projects worth $20 billion.']}, {'end': 1439.902, 'start': 1079.031, 'title': "Dangote's africa investment journey", 'summary': "Highlights aliko dangote's bullish outlook on africa as an investment hub, with plans to invest $20 billion in the next two years, anticipating a revenue increase from $4 billion to $30 billion, and aiming to position the company in the fortune 100 within the next five years.", 'duration': 360.871, 'highlights': ["Aliko Dangote plans to invest $20 billion in the next two years in Africa. Dangote expresses a bullish outlook on Africa's investment prospects and mentions plans to invest $20 billion in the next two years.", "Anticipates company's revenue to increase from $4 billion to $30 billion in the next two years. Dangote projects a substantial increase in the company's revenue from $4 billion to $30 billion in the next two years.", 'Aims to position the company in the Fortune 100 within the next five years. Dangote aims to position the company within the Fortune 100 within the next five years based on their own projections.']}], 'duration': 408.9, 'thumbnail': 'https://coursnap.oss-ap-southeast-1.aliyuncs.com/video-capture/_5hYsdVbW2E/pics/_5hYsdVbW2E1031002.jpg', 'highlights': ['Aliko Dangote plans to invest $20 billion in the next two years in Africa.', "Anticipates company's revenue to increase from $4 billion to $30 billion in the next two years.", 'Aims to position the company in the Fortune 100 within the next five years.', 'The speaker expresses interest in buying the Arsenal team in the future, but is currently focusing on $20 billion worth of projects to finish building the company.', 'The speaker clarifies that they are not buying Arsenal right now, as they are concentrating on completing ongoing projects worth $20 billion.']}], 'highlights': ['Aliko Dangote plans to invest $20 billion in the next two years in Africa.', "Anticipates company's revenue to increase from $4 billion to $30 billion in the next two years.", 'Aims to position the company in the Fortune 100 within the next five years.', 'Stating the availability of good investment opportunities for everyone in Africa.', "Nigeria's population is growing at about 3%, and it is projected to reach around 450 million by 2050, making it the third largest country in the world by population.", 'Aliko Dangote explains his involvement in philanthropic endeavors, including providing a fair amount of money for the African Center in New York, in collaboration with Mo Ibrahim and Bill Gates.', 'Progress made in eradicating polio in Nigeria, aiming for Africa to be certified polio-free by April.', "The plan to build a world-class hospital in Nigeria aims to provide citizens with access to quality medical care locally, reducing the need for medical travel abroad and leveraging the country's potential in the healthcare sector.", 'Aliko Dangote comes from a wealthy family, with a rich lineage dating back to the 1940s.', "Dangote emphasizes leading Africa's development through business rather than politics.", 'Dangote dismisses the idea of running for political office, focusing on his current role.', "Dangote's father was wealthy and active in both business and politics.", 'Aliko Dangote started his business at 21, trading cement, and is now the largest cement manufacturer in sub-Saharan Africa.', "Aliko Dangote plans to build the world's largest refinery in Nigeria with a refining capacity of 650,000 barrels a day, utilizing profits from his current businesses to build the future.", 'Dangote Group leverages profits from its current businesses to fuel future ventures, expanding into refinery, fertilizer, and petrochemicals.', "Nigeria, Ghana, Cote d'Ivoire, and Kenya recommended as good investment opportunities for non-Africans, focusing on inviting foreigners to invest in Africa.", 'Borrowing from financial institutions like the African Development Bank and other development banks mentioned as a source of funding for investment in Africa.', 'Foreign investors in Nigeria may benefit from certain tax advantages, such as minimum taxation, compared to local investors or entities.', 'Investments had a 90% success rate, indicating the potential of African private equity investing.', 'Aliko Dangote lives in Lagos, which has a population of about 25 million.', 'He sometimes uses police escort but also drives himself around Lagos, and people recognize him when he does.', 'In Lagos, he receives requests for selfies when he goes to places to eat.', "Despite being the wealthiest man in Africa, people don't usually ask him for money."]}