Ebola Outbreak: How Can Africa Contain the Crisis?

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Aug. 4 (Bloomberg) -- Greylock Capital Management CEO Hans Humes and Columbia Business School Professor Charles Calomiris discuss the Ebola outbreak and the risks of doing business in Africa. They speak with Tom Keene, Adam Johnson and Scarlet Fu on “Bloomberg Surveillance.” (Source: Bloomberg)

Hans humes has lived within western africa.

He is with greylock capital.

Explain to us.

You grew up in nigeria?

My father got it in his head to move us all there when i was three.

Yes.

How interlinked are these nations?

Are the nations directly to the west of nigeria separate and removed?

The roads are not particularly good, but people do go back-and-forth.

One person in liberia went to nigeria and died.

These borders are fairly porous.

There is a lot of going back and forth within a small distance.

The traffic between the capital cities is not huge, other than planes.

It is porous enough that if you start seeing the virus spread, you could have a much more serious epidemic.

The biggest impact on the economy is on the fear.

Monrovia and freetown are basically paralyzed.

Nobody is going out in the streets.

The economy is dropping right off.

When it goes into nigeria and ivory coast, that is when you will have a bigger problem.

I'm struggling with my map here.

In all seriousness, lagos to rural my jury a. -- nigeria.

Two people from the rural parts, are they as removed -- do people from the rural parts, are they as removed?

My friend mcdowell cooper is moving her kids out of the or pin edge -- orphanage to different villages to get the moist from the center.

If you are in togo, you can get from one place to another because the roads function.

In terms of the traffic from the small towns to the big cities, it is not very fast.

The roads are not that developed in general.

How can the deceased travel so quickly and readily when infrastructure is so far back?

I think there is obviously the issue of lack of sanitation.

That becomes a big problem.

It is how the virus travels.

It is through sweat.

People could share a bed linens.

They can pass that way.

Any kind of contact.

If you get a concentration in monrovia or freetown, it can pass there.

One of the efforts is to try to contain the populations.

We were talking about the prospect of investing in africa.

The something like this enough to change the momentum?

No.

not where it is now.

It is unfortunate that you get the africa summit and you get the headlines.

Up until three days ago, now you have this ebola crisis.

Anything with africa, you do not want to associate with disease, famine, and pestilence.

There's a thriving economy and most of these countries.

The fact that you have two presidents who did not come over, does not distract from the building that can go on.

The real story in africa is the evolution and the emergence of the middle class.

Charles calomiris, let me address this to you.

When we look at our well-meaning, well spirited institutions helping africa with bacterial or viral issues or institutions helping like the world bank, are they still getting in the way of each other?

Yes and largely failing.

Abilities truly positive book "tierney of experts" documents this -- "t yranny of experts" documents and explains this very well.

I think that the world bank's leadership, the main accomplishment every four years is to restructure the world bank staff.

I have to say, the world bank was instrumental in the debt problems in africa and result -- and resolving them.

That was 10 years ago.

Ok.

[laughter] your best returns have come from africa.

Could you not have done that without the world bank?

It is complicated.

They were instrumental in structuring the way that things worked out.

Ultimately, we may have gotten more out of some of the

This text has been automatically generated. It may not be 100% accurate.

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