An African economy can be broken up into three sectors.

More than 80 percent of Ivory Coast's development went into the modern sector.

All right, you cannot develop Africa by ignoring the informal and the traditional sectors.

He's a stockbroker.

As a matter of fact, we neglected the informal and the traditional sectors.

It is a customary contraction like our

'Company.' It is a customary contraction like our

goodness.

SCOTT Inc.'s stocks are blue chip stocks.

Stockbroker.

Stockbroker?

And you?

It's actually horrible.

They've never made money.

And all of that's great, and it's fine.

And equity securities you're probably familiar with.

What do you know about his personal life?

Departmental

Well, what's the market cap?

So... what do we need to make this work?

So let's say this company has let me do it in mauve so this company's shares, let's say it has 1 million shares.

If I had to ask you, In 2005 what was the best performing stock market or stock exchange in the world? Would Egypt come to mind?

The stock market tumbled.

Sometimes called the market cap.

Then, you can buy back the stock

I think they're CFC.

So essentially, whoever lent Loan C, all of these shares are now their shares.

If I buy a share of IBM a lot of people say, oh, I saved I saved my money,

And they can say like, this VC can say oh, you know what?

In fact for 30 40 years this was the canonical model for how to build startups and we'd say marketing, well, we understand.

Go back to Africa's indigenous institutions, and this is where we charge the Cheetahs to go into the informal sectors, the traditional sectors.

let's say you owe 800,000 on your loan.

And it happens to be at a time let's say it's 1999.

It's dubai.The market is just opening there. I'm sorry.Excuse me,please.

And then what's left over, which is essentially so this is 2 million of equity, and then you'd have 2 million of equity here this 2 million of new equity, right?

Yesterday's turnover on the stock market was 500 million shares.

So what they do is they just take your earnings number and you divide by the number of shares.

let me draw the shares, so there is one, two, three, four, five shares.

Fraud Department

Trixie. Section Research and Development.

Aft cannons are down!

The stock market has dropped today.

We're now moving into East Africa.

And I'm making the number really small just to make the drawing and the math easy

So here are the five investors,