Thursday, 15 March 2012

Would You Invest in This Kid?

In 2002, a 14-year-old Malawi boy named William Kamkwamba built a windmill using items he collected from a scrap yard to power the electrical appliances in his family home. He did it through sheer ingenuity, without any formal training. His windmill made him famous, and he has since traveled all over the world speaking at leadership conferences. But one thing hasn't happened for William Kamkwamba: Investors have not given him money to build more windmills and extend that electricity to his neighbors, and the entire village. Investing in innovators simply can't happen in markets with weak property rights. Until this changes, the ideas people invent daily in Africa and other developing nations will have minimal impact.

Source: http://www.wired.com/epicenter/2012/03/opinion-ekekwe-windmill/

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