The president did what???

[Georgesoros]

• Tweet

Fire the whole management team?
Managers should be held accountable.
http://www.the-star.co.ke/news/magufuli-sacks-ports-chief-top-transport-official-anti-corruption-drive

[mya88]

.
"

President Magufuli has also disbanded the board of directors of the ports authority due to its failure to take action against the Dar es Salaam port's long history of poor performance," the prime minister's office said in a statement.

This is really what has to be done in Africa to get meaningful change. Fire everyone if you have to, there are plenty of cable ppl jsut waiting for those jobs, and then start doing things the right way.

I read an interview with a Jewish man who was being asked why the black man remains poor in all aspects of the economy. His response was like black ppl only known about consumption, but they do not know how to build wealth.

He said when a black man gets money; he runs to the colonial masters countries to spend it. He buys homes there, Luis Vuitton bags, schools his kids there and spends his money there instead of investing in his own community. He spennds all his money there, then turns around and borrow the money in IMF to spend it even more. He has nothing to show for. He said the reason Jews lead in all aspects of the economy is because of wealth building. There is truth to that.

Jewish money stays in Jewish communities, hospitals, schools, banks etc. Africa has billionaires who can help change the trend. Dangote is already advertising in the US on regular TV, for example.

[Georgesoros]

You are right. Jews build community centers first before they build their homes. This is the backbone of their community. Kenyans have started doing the same.

.
"

President Magufuli has also disbanded the board of directors of the ports authority due to its failure to take action against the Dar es Salaam port's long history of poor performance," the prime minister's office said in a statement.

This is really what has to be done in Africa to get meaningful change. Fire everyone if you have to, there are plenty of cable ppl jsut waiting for those jobs, and then start doing things the right way.

I read an interview with a Jewish man who was being asked why the black man remains poor in all aspects of the economy. His response was like black ppl only known about consumption, but they do not know how to build wealth.

He said when a black man gets money; he runs to the colonial masters countries to spend it. He buys homes there, Luis Vuitton bags, schools his kids there and spends his money there instead of investing in his own community. He spennds all his money there, then turns around and borrow the money in IMF to spend it even more. He has nothing to show for. He said the reason Jews lead in all aspects of the economy is because of wealth building. There is truth to that.

Jewish money stays in Jewish communities, hospitals, schools, banks etc. Africa has billionaires who can help change the trend. Dangote is already advertising in the US on regular TV, for example.

[RV Pundit]

No single theory can explain a complex issue like development. Just like there is no single silver bullet out of it. Pombe Magafuli is doing great work but at end of the day, TZ is not going to get anywhere first. Look at Rwanda...it done everything by the book for 10-20 yrs now...but it still more poorer than Kenya.

We need to be very patient ....a country is a really big ship that will take very long time to turn.

[Kim Jong-Un's Pajama Pants]

No single theory can explain a complex issue like development. Just like there is no single silver bullet out of it. Pombe Magafuli is doing great work but at end of the day, TZ is not going to get anywhere first. Look at Rwanda...it done everything by the book for 10-20 yrs now...but it still more poorer than Kenya.

We need to be very patient ....a country is a really big ship that will take very long time to turn.

I think what's holding back the Rwandan.  There is uncertainty about post-Kagame Rwanda.  It will most likely be chaotic.  They are landlocked and they are not manufacturing much of anything.  They have no oil or minerals.  Kagame's approach may have just reached a point of diminishing returns.  I think TZ has a much higher upside.

On longevity by itself determining development, that argument would have Haiti enjoying enviable standards of development.

[MOON Ki]

I don't think Rwanda is a good comparison, given that what Kagame started off with was one heck of a mess.     Thus, for example, rather than simply talk about "poorer", I'd consider the actual changes in some measurements.   For example, consider GNI Per Capita (PPP):

Rwanda: 1995-$490, 2014-$1630.   The change is a factor of 3.3

Kenya: 1995-$1550, 2014-$2940.   The change is a factor of 1.9

So there is a sense in which Rwanda, in the last 20 years, has done better economically.

[RV Pundit]

GNI co-efficient....mm...let leave the socialist equality for now.

Now let look at GDP per capita.

Uganda & Rwanda in 1994 were 201USD; 2014  698USD
Kenya (underpeforming??) were 261USD: 2014 1,348USD; more than double.

So kenya despite not appearing to do anything praiseworthy like Uganda and Rwanda have been doing is still pretty much kicking arse...

In short Rwanda remain an equally poor country while Kenya is now lower middle class country albeit with shocking inequality (to quote Pope Francis).

In the meantime..Kagame...has done everything in Lee whoever in Singapore...did....but Rwanda is stuck in a rut.

I don't think Rwanda is a good comparison, given that what Kagame started off with was one heck of a mess.     Thus, for example, rather than simply talk about "poorer", I'd consider the actual changes in some measurements.   For example, consider GNI Per Capita (PPP):

Rwanda: 1995-$490, 2014-$1630.   The change is a factor of 3.3

Kenya: 1995-$1550, 2014-$2940.   The change is a factor of 1.9

So there is a sense in which Rwanda, in the last 20 years, has done better economically.

[RV Pundit]

I am glad your realize there so many variables in this equation. Kenya has some things working for it (quality education, strong private sector, stable democratic governance, well diversified & sophisticated,liberalized economy for its size). It also has it big challenges (corruption for once).

I think what's holding back the Rwandan.  There is uncertainty about post-Kagame Rwanda.  It will most likely be chaotic.  They are landlocked and they are not manufacturing much of anything.  They have no oil or minerals.  Kagame's approach may have just reached a point of diminishing returns.  I think TZ has a much higher upside.

On longevity by itself determining development, that argument would have Haiti enjoying enviable standards of development.

[MOON Ki]

GNI co-efficient....mm...let leave the socialist equality for now.

Take a look at the meaning---GNI Per Capita (PPP)---of the figures again.   They are not about the Gini coefficient or any "socalist equality": 

GNI per capita based on purchasing power parity (PPP). PPP GNI is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.

Now let look at GDP per capita.

Simply looking at GDP per capaita is not necessarily very helpful; one needs to also consider how much one can purchase with the money, which is why the World Bank etc also compute the figures I gave. 

[RV Pundit]

My bad. But still after 20yrs of doing everything; they are still stuck there; the point being; you need hell of time to turn the fortunes of a country.

GNI co-efficient....mm...let leave the socialist equality for now.

Take a look at the meaning---GNI Per Capita (PPP)---of the figures again.   They are not about the Gini coefficient or any "socalist equality": 

GNI per capita based on purchasing power parity (PPP). PPP GNI is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.

Now let look at GDP per capita.

Simply looking at GDP per capaita is not necessarily very helpful; one needs to also consider how much one can purchase with the money, which is why the World Bank etc also compute the figures I gave. 

[MOON Ki]

But still after 20yrs of doing everything; they are still stuck there; the point being; you need hell of time to turn the fortunes of a country.

Stuck where?   I see nothing to suggest that Rwanda is economically stuck ... or even stuck in other ways (except enlightenment in politics).  Another thing: Kenya's "great" entry into "lower-middle" status came at the stroke of a pen---rebasing---that overnight "improved" GDP by 25%. 

http://www.businessdailyafrica.com/World-Bank-confirms-Kenya-lower-middle-income-status/-/539546/2773210/-/u39btjz/-/index.html

I believe Rwanda is rebasing next year.

What everything have they done?   Earlier you wrote that:

Kagame...has done everything in Lee whoever in Singapore...did....but Rwanda is stuck in a rut.

Kagame is nowhere doing even 1% of what Lee Kwan Yew did in Singapore.   Especially when it comes to economics.   What major industries and international companies has Kagame attracted to Rwanda?   What local industry has he turned into an international powerhouse?

Lastly, even if we accept that Kenya, by some measure, is doing well, the issues I consider important are: (i) how much better is it capable of doing, if things like corruption are really tackled and (ii) how and when can it achieve a better distribution of this "economic miracle"?    (A large number of Kenyans live in desperate circumstances, and "great economic growth", "we are now lower-middle!", etc.  are largely meaningless to them.) 

[RV Pundit]

This sounds like argument for argument sake. I believe Kagame has done the best he could economically but still?..an average rwandese is twice as poor as kenyan...despite 2/3 of kenya being semi arid and arid....I believe Singapore (a city ) would have done well....with or without Lee guy. It had all the ingredients for success...and didn't grow alone...they grew with "asian tigers" that had the same fundamentals..Taiwan, HongKong,Malaysia.

Now when it comes to Kenya and the rest of sub-saharan Africa...we are stuck basically in the same rut....but we are all turning the corner. The investment we have put in education, health, infrastructure and name it, are not going to pay off immediately, they are going to pay off in two or more generation.

The law of average....

In summary development is not instant coffee!

But still after 20yrs of doing everything; they are still stuck there; the point being; you need hell of time to turn the fortunes of a country.

Stuck where?   I see nothing to suggest that Rwanda is economically stuck ... or even stuck in other ways (except enlightenment in politics).  Another thing: Kenya's "great" entry into "lower-middle" status came at the stroke of a pen---rebasing---that overnight "improved" GDP by 25%. 

http://www.businessdailyafrica.com/World-Bank-confirms-Kenya-lower-middle-income-status/-/539546/2773210/-/u39btjz/-/index.html

I believe Rwanda is rebasing next year.

What everything have they done?   Earlier you wrote that:

Kagame...has done everything in Lee whoever in Singapore...did....but Rwanda is stuck in a rut.

Kagame is nowhere doing even 1% of what Lee Kwan Yew did in Singapore.   Especially when it comes to economics.   What major industries and international companies has Kagame attracted to Rwanda?   What local industry has he turned into an international powerhouse?

Lastly, even if we accept that Kenya, by some measure, is doing well, the issues I consider important are: (i) how much better is it capable of doing, if things like corruption are really tackled and (ii) how and when can it achieve a better distribution of this "economic miracle"?    (A large number of Kenyans live in desperate circumstances, and "great economic growth", "we are now lower-middle!", etc.  are largely meaningless to them.) 

[Gumzo]

I am glad your realize there so many variables in this equation. Kenya has some things working for it (quality education, strong private sector, stable democratic governance, well diversified & sophisticated,liberalized economy for its size). It also has it big challenges (corruption for once).

I don't understand what an unstable government looks like IF Kenya can be considered a stable democratic government !!!

[RV Pundit]

Just visit all our neighbours save for TZ..start with Zoomali, Ethiopia, South Sudan, Uganda..and then go for next lot of Burundi, Rwanda, Congo,CAR,Sudan, Eritrea,Djibouti...and you'll understand why our is the most stable democracy. We have had elections without fail since 1963 or well before..I think we have had election every yr since 1922!. We have two living former presidents, we don't have political prisoners, you can say what you want, the media is also free and pretty much kenya is as democratic as any country. Of course we are still some many many years from ISSUE BASED politics.

I don't understand what an unstable government looks like IF Kenya can be considered a stable democratic government !!!

[Georgesoros]

Pundit
In 1963 we were the same level as South Korea, so that's what we should be comparing ourselves with, not Zoomali.
I was surprised to hear that TZ has only 47 million people. Same as Kenya!!!

[RV Pundit]

Technically. Korea was just smarting from korean wars. We can be bigger than Syria now..but definitely Syria is far more advanced than us.

Pundit
In 1963 we were the same level as South Korea, so that's what we should be comparing ourselves with, not Zoomali.
I was surprised to hear that TZ has only 47 million people. Same as Kenya!!!

[MOON Ki]

I believe Singapore (a city ) would have done well....with or without Lee guy. It had all the ingredients for success ... same fundamentals ... Taiwan, HongKong,Malaysia

From the way you always talk about ingredient and fundamentals, I guess you must an economics expert.   I am not one, but I lived in Singapore for several years and know it quite well.    So, enlighten me: What ingredients and fundamentals were those?   I am especially keen to see, for example,  how Singapore and Malaysia (another place I know quite well) compare.

Also, as an exercise, exclude what Lee did and then explain to us the "with or without".

[RV Pundit]

Who was the Lee of Taiwan? Let start there. Singapore is a little city that sits on a very strategic trade route.

From the way you always talk about ingredient and fundamentals, I guess you must an economics expert.   I am not one, but I lived in Singapore for several years and know it quite well.    So, enlighten me: What ingredients and fundamentals were those?   I am especially keen to see, for example,  how Singapore and Malaysia (another place I know quite well) compare.

Also, as an exercise, exclude what Lee did and then explain to us the "with or without".

[MOON Ki]

Who was the Lee of Taiwan? Let start there. Singapore is a little city that sits on a very strategic trade route.

Please see the question that I asked, and try to answer it.