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Monday, March 10, 2008

Africa is hot...

Its not the weather.

There has been a huge increase in positive investor sentiment as evidenced by the various investor conferences all over the world focused on Africa.

When a luminary like Mark Mobius attends one of these... erm, something is cooking...

So I managed to take a snap with MM... I will have to upload it one of these days... then there is Warren Buffet... yep, I will get him to pose with me as well... and perhaps get a stock tip or two?

Africans have a nasty habit of playing down what 'foreigners' can bring to the table. Yes, Africans are the masters of their own destinies BUT take all the help you can get!!! Why do we want to re-invent the wheel?

The potential is huge. We know the problems exist but an open society with less deference to ignorant elders or leaders is a step to overcoming obstacles. Father does not always know best.

I will blog on a firm that has an excellent product that every investor in Africa should use... more later...

RenCap is really piling on the big boys... Terry Davidson, Maina Mwangi, Amish Gupta & now Mutahi Kagwe.

Mauritius is off the starting blocks... will Kenya catch up? Mauritius has got a flat tax rate. Yes, easy to implement. Laffer had it right!!!

Mauritius is small. Yes, small but it attracts more FDI than Kenya does. Why? Smart policies. Kenyan politicians - most of whom care only about themselves & their wives, kids & misstresses - are dithering while other African countries are adopting progressive policies.

Of course, there is the typical government (corrupt or inept or both) bureaucrats... look at the roadblocks in the deal that would have Essar take over the inefficient Kenya Oil Refinery.

Why do African presidents think they are important? I can't believe a terminal is to be reserved for the so-called VVIPs... VVIPs my a**e.

BTW, I plan to visit Rwanda... any tips?

Anyway... Africa is hot... get in before the ship leaves...

2 comments:

sredrorednu said...

I only know that Rwanda was the centre of some nasty killings a few years back, whole families slaughtered and in some cases odd kids survive and have to live their lives knowing what happened. How can they live with that? I heard a radio program and the young woman told her story, she made good out of a terrible situation.

MainaT said...

On pt. Africa is like the last frontier now with western funds having gone into every other continent. Any country that can sustain momentum for 4/5 yrs will see funds flowing in.
While in Rwanda, can you find out the sentiment listing of shares and investment in stocks generally? Cheers...