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Transcripts For CSPAN3 Key Capitol Hill Hearings 20140729

Entrepreneurs and Small Business people, you know, when they are starting off, they are borrowing from their brothers and their sisters and begging and scratching and, you know, taking credit cards and running up debt. Inherently theres risk involved. So i dont want to give anybody the illusion who is out there starting a business or wanting to launch a business that its going to be easy. It will not be. There are ways where we can make a difference and oftentimes particularly in rural areas of africa you dont need a lot of capital to get started. Right. So you may be able if you buy one piece of equipment that can increase yields for a whole bunch of farmers in that community, and then the profits, additional profits that they make you now allows you to buy two pieces of equipment and then four and then eight, you can grow fairly rapidly because the baseline of capital in that community may be relatively low. So you dont necessarily have huge barriers of entry. You need that initial c

Transcripts For CSPAN3 Key Capitol Hill Hearings 20140729

Around the world. New training sessions and meetings with experts on how to launch start ups. And it all begins today and to get started all of you, all you have to do is go to y yali. State. Gov. Were creating new leadership centers. Were joining with american universities, African Institution and private sector partners like microsoft and Mastercard Foundation we want to thank two of them. They are helping to finance this. Give microsoft and Mastercard Foundation a round of applause. [ applause ] starting next year Young Africans can come to these centers to access the latest technology and get training in management and entrepreneurship and were starting in senegal, ghana, south africa and kenya. [ applause ] and we aim to help tens of thousands of Young Africans access the skills and resources they need to put their ideas into action. So the point of all this is we believe in you. I believe in you. I believe in every one of you who are doing just extraordinary things. Like this wom

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