In this short, provocative talk, financier Sangu Delle questions whether microfinance — small loans to small entrepreneurs -- is the best way to drive growth in developing countries. "We seem to be fixated on this romanticized idea that every poor person in Africa is an entrepreneur,” he says. "Yet, my work has taught me that most people want jobs.” Delle, a TED Fellow, makes the case for supporting large companies and factories — and clearing away the obstacles to pan-African trade.

Sangu Delle: In praise of macro -- yes, macro -- finance in Africa

In praise of macro -- yes, macro -- finance in Africa

Aid and free trade have fallen short in Africa; it's time to support large-scale enterprises and pan-African trade to spur economic growth.

Investing in high-impact entrepreneurs, like turning farmers into factory owners, can create more jobs and add value to local economies.

Economic freedom in Africa hinges on building world-class businesses, fostering indigenous wealth, and generating much-needed employment.