by LUKE ZUNGA
JOHANNESBURG, (CAJ News) – IN this third and last article on struggling African and Global South economies, we show you a glimpse of a section of Freetown, Sierra Leone posted on Facebook, depicting the ravages of poverty.
There are many highly qualified technocrats in Sierra Leone, such as Samura Kamara, Omotunde Johnson, Yakama Jones, Mamodu Kargbo, Yvonne Aki-Sawyerr, Danda Kondeh etc.
They are advising governments to attract foreign investors, in the main from the United States, UK and EU. Similarly, economists and accountants in countries on this website www.organizecapitals.com are sitting back, waiting for foreign investors.
We are challenging this mentality.
There are simple methods to organize capital and start off factory roll outs in any country. It is the mindset of our technocrats impeding development.
Here is a way to start industrial rollouts. Set an experienced national team of five experts to manage the whole program. The team trains communities at sites around the country.
At a site, the community are invited to attend 2-day training, no business plans, no restrictions, no business or product ideas are required – just empty minds. The training opens people’s minds on how an economy works (day 1) and demonstrates how to come up with product ideas – only ideas, then a test (day 2).
There is no such training in the world. At five pilots in Soweto and Dundee, 76% came back with viable product ideas.
This guarantees a pipeline of products to sustain industrial factories. The pilots were free, but for actual work the participants will pay something small for the training.
The ideas are processed through technical drawings or chemical analysis for no fee, by the same team, but to pay when the factory is operating. The team sets a research point for prototypes.
Then plant layouts. Plant layouts facilitate industrial technology transfer. If you have capital in a trust account, machine manufacturers will transfer technology to you. Machine manufacturers will design the plant layout because they want you to buy their machinery.
If you have no capital, they do not. Technology is bought with machinery, not from college. A professor cannot make a button for his shirt, but a machine manufacturer can. After plant layout, the business plan for the factory can be produced.
Without a plant layout, you cannot produce a factory business plan!
The site is run using project management technologies, simple and effective. The site Project manager organizes the infrastructure for all factories at one site, not each factory doing it alone.
A site production engineer works with machinery suppliers to install factories and train product owners on the production line.
One industrial engineer planting hundred factories and managing the efficiency and upkeep of the machinery, in liaison with respective machinery suppliers, not each one trying it alone. As long as the product is correct, no factories are closed, no liquidations and there is a backup fund for sickly factory take-offs.
Those funded pay back, not as loans, but recapitalization so that new factories are funded. The set up is as if participants are employed but are running their own factories and producing their own products.
For the market, the site establishes an onsite store, TD Store, for quick transition of products to markets and exports, before bogging down with chain stores and minorities who restrict black products on their shelves.
The budget for the site must be held in a trust account, to be released by the trustee through the local board, project manager and production engineer.
Project manager starts building factories in the most cost-effective way. These are long open buildings, cut to the size of a factory, on and on, then next building.
The administration is one, centralized on site, to cut cost of production – one administration centre for accounting and compliance, one back up power, one security, one software licensing, one marketing distribution setup, one environmental approval, one advertising set up etc.
The projections show that one seed of UD$10 million, is enough to start one site which on its own will add 50 other sites countrywide, creating millions of jobs in 20 years.
Black people participating, opportunities opening.
We are sitting on our laurels and want the United States to do it for you. It will never happen. For full arguments buy the book, What Economists Are Missing – keeping you poorer https://whateconomist.org/
– CAJ News