Finance minister, amos kimunya, predicts 4% growth. This is in sharp contrast to 7% he predicted in the midst of the clashes in Jan 2008. vs 7% earlier.
kibaki did an excellent job earlier by reducing barriers to economic development during 2002-3. Politically, it is a different story. Economically (& politically) Kenya could become another Zimbabwe.
Due to the political crisis - partly of kibz own making - kibz will skip the important India-Africa trade conference. I believe India is the model African countries need to emulate. India is a large democratic country with diverse cultures, languages, political views & peoples. It was a British colony until 1947 & has or been through all sorts of problems that Africa faces, faced & will face. I think kibz should go to India. It is vital for us as a nation to learn how to improve ourselves.
India has a homegrown (efficient) rail system that Kenya can learn from. Kenya needs to improve its railways. Soon.
India has a robust telecommunications system - compared to other developing nations - by using homegrown technology. Sam Pitroda was one of the architects of the system. Of course, Kenya's thieves-in-charge gave up control of Safaricom to Vodaphone in exchange for a bribe.
Another story of new Indian investment in Kenya. Also an interesting side story on how they are encouraging the growth of Kenyan football.
Kenya needs to negotiate with the Indians & Chinese to secure its position in the supply chain for Tea. Kenya -the world's 2nd largest exporter- faces aggressive Indian, Sri Lankan & Chinese competition in the export market. Tata Tea bought out Tetleys & Kenya must ensure its are not locked out of the UK market.
Kenya needs to get serious. We have a decent port that whose throughput can be doubled - damn the politics - in 5 years. We can expand & improve the railway - a god start with its privatisation - to lower transport costs. We need an airport to handle 10mn passengers by 2010 to accommodate KQ (4mn passengers) among other airlines.
We need severe penalties for breaking laws - and enforcement - that protect businesses from theft, destruction & fraud. We need a powerful ombudsman who can protect Kenyans against powerful government functionaries & politicians.
Instead all we do is related to politics, politics & politics!
Blog Archive
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2008
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April
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- Disinvestment in Kenya
- Kenya needs to emulate India's dynamism...
- Why is Kenyan labour costly vs Chinese labour?
- GoK spends & naps while Kenyans suffer...
- A Tale of two(2) SafCon Prospectuses
- Zimbabwean Follies... Worth a laugh!
- Is Africa politically regressing?
- KAA needs to be privatized
- More stockbrokers to bite the dust?
- Coldtusker becomes a TRILLIONAIRE...
- Banks on a roll...
- Back to Basics - Economics, Finance and Wealth Cre...
- Ah, the Kenya we know...
- Zim$ at 123,000,000 per US$
- Zim$ drops faster than a rock!
- KQ's fortunes looking up...
- Safaricom IPO(OFS) gets murky.
- Suicide Jumper
- Kenya - Corruption back on track...
- Zimbabwe Billionaire...
- Bloggers pissed off at bloated cabinet...
- Is Mungiki related to PNU?
- List of Cabinet Ministers + my grades!
- 42 Ministers + prez + pm + 2 deputy pms = too many...
- Again - Apple TV is not GTV
- Kenyans sing the Indian National Anthem
- Coldtusker declared a Billionaire
- Tanzanians screwed by Bank of Tanzania!
- sam ' I can't count' kivuitu at it. Again.
- CMA wants to kill of Venture Capital Funds
- The "not so good" happenings in Kenya...
- Lower those brokerage fees!
- India Grows Up...
- bob ' the murderer' mugabe tries populism again...
- KPLC - Change the law!
- Kenya's economy suffers major hit
- Kenyan politicians killing the Golden Goose...
- New Cabinet Lineup...
- Kenya's New Cabinet is neither Lean nor Clean...
- Another pathetic article from Business Daily
- (Politically) Is Zimbabwe another Kenya?
- Kenyan gov't is senile...
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April
(42)
Sunday, April 06, 2008
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3 comments:
Going the Zimbabwe way ? That's abit farfetched but your analysis is educated...I always check on your blog weekly.Good job!
laseur - Thanks.
The possibility of Zim style inflation exists if we continue down the irresponsible path of spending what we do not have.
If you had asked me or 1000 other analysts if Kenya would suffer widespread violence post-elections... we would have said no way... but we were wrong!
We need severe penalties for breaking laws - and enforcement - that protect businesses from theft, destruction & fraud. We need a powerful ombudsman who can protect Kenyans against powerful government functionaries & politicians.
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