"Foreign aid has fuelled corruption, dependence, weak governance"
With guests Maya Horgan Famodu
Episode notes
Maya Horgan Famodu is the founder and CEO of Ingressive Capital, a venture capital fund focused on Africa. She raised over $10 million dollars for her first fund in 2020 and has since gone on to raise over $50 million for Fund 2. Maya wrote an article earlier this year called "The Hidden Benefits of Trump's Aid Policy for Africa" for the website TechCabal. Claude talks to her about how foreign aid encourages corruption, dependence, weak governance. And they discuss a different paradigm for Africa, one where investment fuels innovation, employment, self-reliance and some of the most successful start-ups the world will ever see.
Transcript
2.20 How Maya Horgan Famodu ended up launching a $10 million venture capital fund
5.10 Why scrapping USAID could be a good thing
10.40 Westerners’ different attitude to foreign aid
15.50 How African businesses are self funding from launch to exit
17:50 The staggering amount of money lost to corruption in Africa
18.10 The staggering amount of money generated by VC in Africa
21.45 Why it takes a village to raise an African start-up
25.00 Why Africa could be a safer space for your money
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