Articulate Ventures

War, Inflation, Making Food for Africa's poor | Lawrence Mattock | Vance Crowe Podcast Episode 23

September 25, 2019 · The Vance Crowe Podcast

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About this episode

Lawrence Mattock, a Zimbabwean-born hospitality executive turned food entrepreneur, walks Vance through his life story in three acts: growing up during the Rhodesian Bush War as a teenage paratrooper in "Fire Force" helicopter assault units; watching his country descend into world-historic hyperinflation (from 4 Zimbabwean dollars to 1 USD in 1980 to a quintillion-to-one exchange rate by 2008, with debtors' mortgages effectively erased and grocery money weighed on scales instead of counted); and his current venture — a shelf-stable, precooked, fortified maize-meal "stick" product (starch plus relish, including a peanut-butter-and-syrup version) engineered to feed miners, construction workers, and feeding programs across Sub-Saharan Africa without refrigeration or cooking equipment. The episode is notably slower-paced and more historical/geopolitical than most Vance Crowe episodes, functioning almost as an oral history of the Rhodesia-to-Zimbabwe transition before pivoting into a hard engineering and business story about building food-manufacturing infrastructure from scratch.

“You'd scale it so you knew what, you'd know what a million dollars weighed for argument's sake. So you'd have a scale and you put the block of money onto the scale and that's how you'd know what the value of the money was. You wouldn't try and start counting out the notes.”
“In the German scenario, what would happen in Zimbabwe? You'd throw away the money and you'd keep the wheelbarrow... The wheelbarrow has got some real worth. The money doesn't.”
“The war veterans... they wanted their pensions because they were still waiting for their pensions from 1980. And this sadly is where the country falls apart. So the decision by the Zimbabwean government was then, well, we'll just print more money.”

Key moments

Notable quotes

“You'd throw away the money and you'd keep the wheelbarrow.”
“So all the people holding debt were screwed.”
“The decision by the Zimbabwean government was then, well, we'll just print more money.”
“At 45 all week, the sprockets were just she teeth”

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