Nipate
Forum => Kenya Discussion => Topic started by: gout on August 22, 2024, 04:09:02 PM
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Very insightful.
Additionally, as the Wilson Centre puts it, “while
North Africa has almost reached universal access to
electricity and water services, in sub-Saharan Africa,
only about 45% of the population have access to
reliable electricity and around 60% of the population
have access to water service. This means some 600
million people do not have access to electricity.”23
In this vein, a recent count put the number of dams
in sub-Saharan Africa at a total of 980 large dams.
South Africa is home to 589 of these dams. By contrast,
there are over 15,000 dams in Canada alone. Some
1,157 are categorised as large dams as defined by the
International Commission on Large Dams (ICOLD).
Therein lies the obstacle and the opportunity. Africa has
an estimated annual infrastructure investment gap of
US$100bn. This is approximately the annual spend of
Germany, France, Italy, Spain and Portugal combined and
almost as much as the US’s US$110bn spend per year.
‘Highflyers’ represent the large, well-established economies that offer stability and a range of investment opportunities, such as Nigeria, South Africa, Egypt and Ethiopia. Those ‘Cleared for Take-off’ are countries with high economic growth and innovation potential thanks to factors like a young population and abundant resources, including Senegal and Côte d’Ivoire. ‘People Potential’ are markets with a young and growing demographic, creating a sizeable consumer base and a future workforce, such as Kenya, DRC and Uganda. ‘Global Connectors’ are more advanced economies with a strong international presence, such as Morocco, Mauritius, Tunisia and Seychelles. ‘Low-Base Boomers’ are smaller markets with high potential for explosive growth but a corresponding higher degree of risk, including Rwanda, Mozambique, and Benin.
In addition, there are a number of emerging markets with significant growth potential, including Nigeria, Ghana, and Kenya. Despite facing challenges such as political instability and infrastructural deficits, these countries offer substantial opportunities due to their large and youthful populations, improving business climates, and diversification efforts. Africa’s vast natural resources, including minerals and arable land, are pivotal for sustainable economic growth. However, the report cautions against the “resource curse” and underscores the importance of good governance and strategic management. Angola, Mozambique, and the Democratic Republic of Congo are highlighted for their rich resources and potential for sustainable development.
https://www.rmb.co.za/where-to-invest-in-africa-2024
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This report reminds me of the 2016 mckinsey report of "africa rising" https://www.mckinsey.com/mgi/overview/in-the-news/africa-still-rising . 8yrs down the line africa is still "rising".
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McKinsey, BCG and PWC have been Cons. Create/hype a problem the position themselves as the silver bullet just like the IMF undertakers.
https://www.corpwatch.org/article/bcg-mckinsey-pwc-consultants-implicated-angola-corruption-scandal
https://www.abc.net.au/news/2023-03-16/australia-reliance-consulting-firms-high-cost-problem-government/102091810
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"People Potential’ are markets with a young and growing demographic, creating a sizeable consumer base and a future workforce, such as Kenya, DRC and Uganda."
Kenya will provide skilled workers to countries in the region , actually we are a giant in human resource. Somalia, Burundi, Rwanda ,Congo will in the feature be colonies of Kenyan skills.
I was travelling to China few months ago through Doha, and I can tell you almost 70% of the employees at the Airport are Kenyans and all interviewed were happy. Ruto should invite the Emir of Qatar and honor him with naming some streets in Nairobi as well as some parks in Samburu in his name.
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I can tell you almost 70% of the employees at the Airport are Kenyans
This is not something to be proud of. It tells you that kenya remains a country of poverty stricken peasant farmers and this is evidenced by the fact that Ruto couldn't even raise $2 billion dollars with his finance bill in a country of almost 60 million people.
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We don't have minerals and we don't factories in Kenya. So only product that we have to export is human resource that is why Ruto was in the US to woe all those technology companies to setup camp in Kenya, but was scuttled by Gachagua.
If we want to inherit industries from Asia and kick off our economy we need a stable country, every country has corruption but that does not mean you burn the country, you build on what you have slowly but surely.
I can tell you almost 70% of the employees at the Airport are Kenyans
This is not something to be proud of. It tells you that kenya remains a country of poverty stricken peasant farmers and this is evidenced by the fact that Ruto couldn't even raise $2 billion dollars with his finance bill in a country of almost 60 million people.
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So only product that we have to export is human resource
you make absolutely no sense. You must build your own internal economy based on production. Exporting labor means you have failed as a country (most of these kenyans will never return)
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We have minerals all over. The corrupt leaders have been mining with Chinese proxies.
https://x.com/search?q=Chinese%20minerals%20Kenya&src=typed_query&f=top
The productive sectors - cottage hasoras have been terrorized to their knees by government officials.
In addition, there are a number of emerging markets with significant growth potential, including Nigeria, Ghana, and Kenya. Despite facing challenges such as political instability and infrastructural deficits, these countries offer substantial opportunities due to their large and youthful populations, improving business climates, and diversification efforts. Africa’s vast natural resources, including minerals and arable land, are pivotal for sustainable economic growth. However, the report cautions against the “resource curse” and underscores the importance of good governance and strategic management. Angola, Mozambique, and the Democratic Republic of Congo are highlighted for their rich resources and potential for sustainable development.
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I agree with you on them never coming back, but the issue we have here is lack of exposure . That is why you see only Muhindi has factories in Kenya, which in most case is just assembly line for products produced in India and China.
We need indigienous people doing small scale factories, but that also means protection from the government in terms of tarrifs from China and India . KRA is not ready for that, Politicians are not ready for that. That is why in Kenya even small road projects from Kurra or Kenha in Samburu/Laikipia you will find Chinese doing it , I feel sometimes it is lost case :(
So only product that we have to export is human resource
you make absolutely no sense. You must build your own internal economy based on production. Exporting labor means you have failed as a country (most of these kenyans will never return)
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I agree with you on them never coming back, but the issue we have here is lack of exposure . That is why you see only Muhindi has factories in Kenya, which in most case is just assembly line for products produced in India and China.
We need indigienous people doing small scale factories, but that also means protection from the government in terms of tarrifs from China and India . KRA is not ready for that, Politicians are not ready for that. That is why in Kenya even small road projects from Kurra or Kenha in Samburu/Laikipia you will find Chinese doing it just because they bribe the PS/Ministers, I feel sometimes it is lost case :(
So only product that we have to export is human resource
you make absolutely no sense. You must build your own internal economy based on production. Exporting labor means you have failed as a country (most of these kenyans will never return)
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I agree with you on them never coming back, but the issue we have here is lack of exposure . That is why you see only Muhindi has factories in Kenya, which in most case is just assembly line for products produced in India and China.
We need indigienous people doing small scale factories, but that also means protection from the government in terms of tarrifs from China and India . KRA is not ready for that, Politicians are not ready for that. That is why in Kenya even small road projects from Kurra or Kenha in Samburu/Laikipia you will find Chinese doing it just because they bribe the PS/Ministers, I feel sometimes it is lost case :(
Kenya industrializing is not easy, the only option we have is focus on ICT like India, and do AI shit
So only product that we have to export is human resource
you make absolutely no sense. You must build your own internal economy based on production. Exporting labor means you have failed as a country (most of these kenyans will never return)
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only option we have is focus on ICT like India, and do AI shit
That might be a possibility because they seem to have decent internet services, but I think the massive corruption gets in the way of literally everything. Making it impossible for any REAL entrepreneurship or innovation to take place.
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If you are into a thriving economy and endless opportunities, invest in the US, not some other unstable place. If you are in Qatar, Kenya, London, Quatemala, Ethiopia, Cairo, Israel, Botswana, Australia, or anywhere on the globe, I'd make plans to move to the US very quickly. My neighbors are from London, and, oh boy, they think Britain is a shithole of a country.
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What about all the racists and zionists, will they not cause problems for people looking different from them ?
If you are into a thriving economy and endless opportunities, invest in the US, not some other unstable place. If you are in Qatar, Kenya, London, Quatemala, Ethiopia, Cairo, Israel, Botswana, Australia, or anywhere on the globe, I'd make plans to move to the US very quickly. My neighbors are from London, and, oh boy, they think Britain is a shithole of a country.
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I'd make plans to move to the US very quickly. My neighbors are from London, and, oh boy, they think Britain is a shithole of a country.
/when it comes to the US, you and I agree 100%