Kenya has always had 'potential'... but a lot needs to be done. Soon. And most of it does not require much money!
Tax Simplification: There are too many different taxes in Kenya. The confusion & complexity of the myriad fees/taxes/duties - as well as collection agencies - leads to corruption as the rent seekers are out in force.
Debt Levels: The gov't needs to scale back on its public debt or it will crowd out the private sector. Or if it takes on debt, it should be focused on INFRASTRUCTURE in partnership with private firms.
Inflation: I fear that inflation will be stoked by the recent actions since corrupt deals abound when subsidies are introduced as well as excessive borrowing OR printing of money.
Subsidies: Bad idea.
Moral Hazard: By selectively forgiving debt, the gov't is favoring those who were not either prudent or borrowed beyond their means. I think the bankruptcy laws need to be simplified & allow people to go 'bankrupt' rather than mass forgiveness of loans to specific groups. This opens channels for corruption & tribalism.
(Lack of) Property Rights: Why I do not invest in properties in Kenya.
FDI: Court the Chinese (warily), Indians, Arabs, Libyans, etc BUT do not give the family jewels for free or give monopolies!
Bastion of Peace: Remain a peaceful island that allows all to come to trade. It will provide jobs & economic diversification. Kenya needs to improve its infrastructure from the port to the railways to encourage other countries to trade with Kenya.
2-party system: I think this will stabilize our politics and force Kenyans to choose parties without being overly tribalistic. No more PNU for kikuyus, ODM for luos or ODM-K for kambas!
Or a no-party system like Rwanda! (There are many downsides to a no-party or 2-party system as well).
Security: A terrorist attack would devastate us. Let's make peace with our neighbours BUT carry a big stick. Look at the Dec 2008 Mumbai Bombings. India has a much more diverse tourist industry vs Kenya yet they expect to suffer a huge tourist drop-off.
- ► 2012 (29)
- ► 2011 (44)
- Mauritius - A rare bird in the African Union
- Kenya Government to blame for fuel shortages
- Merry X-mas
- Idiots at Kenya Pipeline Company exposed
- Kenya Pipeline Company - Fishy dealings
- Zimbabwe - Gone to the dogs...
- Fuel Shortages in Kenya
- What is jimnah smoking?
- Michelle Obama vs Lucy Kibaki - Salaries
- Back to the Future - Traditional Crops
- Safaricom - Quality & Service problems
- Kenya - Pull up the bootstraps or else...
- Kenya - Voodoo Economics - Disaster
- ▼ December (13)
- ► 2007 (79)
- ► 2006 (99)