George Ayittey

Recognized Authority on Africa and Economic Development

BIG IDEAS

• Taking Back Africa One Village at a Time – Through Entrepreneurship
  George is focused on bottom-up economics through “Cheetah Enterprises” - projects starting at the grassroots level that enable Africans to improve their quality of life. George speaks passionately about ways to identify profitable enterprises, tap African “Cheetahs” to run them, and empower Africans to take back Africa. These “Meso Capital” enterprises, which go beyond the scope of micro-credit finance projects but do not require of millions of dollars in capital, are designed to affect change in African communities by Africans. George classifies African elites into two groups: The Cheetah and the Hippo generations. The Cheetahs are the new and angry generation of young African graduates and professionals, who look at African issues and problems from a totally unique perspective. They are dynamic, intellectually agile, and pragmatic. They may be the “restless generation” but they are Africa’s new hope. The Hippos are of old 1960s era and mentality—stodgy, pudgy, and wedded to the old “colonialism-imperialism” paradigm with an abiding faith in the potency of the state. Whereas the Hippos constantly see problems, the Cheetahs see business opportunities. The cheetah generation has no qualms about getting their hands “dirty.” They recognize that money can be made by solving the problems of the poor, and there is nothing immoral about that. In fact, that is how the rich in the rich countries made their money: By creating a product or service that addresses the needs or problems of the people.

SNAPSHOT BIO

George Ayittey is a Ghanaian economist and widely recognized authority on political economics development in Africa.  A distinguished economist in residence at American University and president of the Free Africa Foundation, George has championed the idea that “Africa is poor because she is not free.”  True freedom never came to much of Africa after independence from colonial rule, says his first book, Africa Betrayed, which won the H.L. Mencken Award for “Best Book in 1992.”

In the analysis of Africa’s woes, George believes that a much greater emphasis should be placed on internal factors—bad leadership, corruption, military vandalism, and exploitation of the African people—rather than the external factors. George stresses "internal solutions" and initiatives that must come from Africa itself.  He coined the expression: “African solutions for African problems.” Crying out against the “vampire states” and dysfunctional governments that, he believes, are the bedrock of problems of many troubled Africa states, George speaks passionately about the grassroots enterprises that will enable “Africans to take back Africa – one village at a time.”

His influential book Africa Unchained boldly proposes a program of development—a way forward—for Africa, investigating how Africa can modernize, build, and improve its indigenous institutions. George argues forcefully that Africa’s salvation lies in Africa itself – not inside the corridors of the U.S. Congress or the inner sanctum of the World Bank. Africa’s salvation lies in returning to and building upon its own indigenous institutions and traditions of free village markets and free trade—rather than continuing to use alien and exploitative economic structures. The critically acclaimed book has helped unleash a new wave of activism and optimism about Africa.

His recent efforts have focused on identifying profitable enterprises for “Cheetahs” —a new breed of Africans taking their futures into their own hands instead of waiting for politicians to empower them.  His speech “Cheetahs vs. Hippos for Africa's Future: made a powerful impact at the TED Global Conference 2007 in Arusha, Tanzania.

George earned a Ph.D. from the University of Manitoba, Winnipeg, Canada; an M.A. University of Western Ontario, London, Canada and a B.Sc. Univ. of  Ghana, Legon, Ghana.