Comments on: IMF: Kenya’s Economy Will Grow (Yee-Haw!) http://www.kenyanentrepreneur.com/imf-kenyas-economy-will-grow-yee-haw "A black market is a free market operating against the wishes of the state." –Harry Browne. Fri, 30 Jul 2010 10:42:38 +0000 hourly 1 http://wordpress.org/?v=1083 By: Jellyfish http://www.kenyanentrepreneur.com/imf-kenyas-economy-will-grow-yee-haw#comment-103784 Jellyfish Sat, 28 Mar 2009 01:00:33 +0000 http://www.kenyanentrepreneur.com/?p=1270#comment-103784 Hi guys. I am so glad to have discovered this forum because all I am hearing in Kenya right now is bad news. I want to suggest something related to the future industrialization of Kenya. Everyone right now is agreed that the fibre-optic cables (SEACOM, EASSY & TEAMS) will revolutionize kenya or have the potential to do that. Now in order for this to happen another factor needs to be looked at and that is energy. There is a new www (world wide web) emerging right before our very eyes and it is a new world wide web of interconnected electric grids to transport green electricity all over the world. This mega grid if pushed by kenya begining within the EAC could totally revolutionize Kenya's and Africa's growth. I am in the process of starting something along those lines and are looking for some serious contacts. Green Electricity is the next big thing. Watch this space. Jellyfish

Hi guys.

I am so glad to have discovered this forum because all I am hearing in Kenya right now is bad news. I want to suggest something related to the future industrialization of Kenya.

Everyone right now is agreed that the fibre-optic cables (SEACOM, EASSY & TEAMS) will revolutionize kenya or have the potential to do that. Now in order for this to happen another factor needs to be looked at and that is energy.

There is a new www (world wide web) emerging right before our very eyes and it is a new world wide web of interconnected electric grids to transport green electricity all over the world. This mega grid if pushed by kenya begining within the EAC could totally revolutionize Kenya’s and Africa’s growth.

I am in the process of starting something along those lines and are looking for some serious contacts. Green Electricity is the next big thing. Watch this space.

Jellyfish

]]> By: noni http://www.kenyanentrepreneur.com/imf-kenyas-economy-will-grow-yee-haw#comment-88779 noni Fri, 26 Sep 2008 15:17:25 +0000 http://www.kenyanentrepreneur.com/?p=1270#comment-88779 Kenya economy resilient and to grow 5pc this year http://www.nation.co.ke/business/news/-/1006/474682/-/jielgpz/-/index.html

Kenya economy resilient and to grow 5pc this year

http://www.nation.co.ke/busine.....index.html

]]> By: razor http://www.kenyanentrepreneur.com/imf-kenyas-economy-will-grow-yee-haw#comment-88368 razor Wed, 24 Sep 2008 01:37:50 +0000 http://www.kenyanentrepreneur.com/?p=1270#comment-88368 Although I wouldn't use "inbred" , KE is raising a genuine point! Equity is great and has done kenya alot of pride..but its only been in the regional scene for a year...it has to swallow competition across subsaharan africa..fight hostile takeovers, even survive in govs that are being overthrown.. before thinking of joining the ranks of barclays , and thats a stretch in time and resources. Then it can take the competition to the Big boys.150 yr old banks.. Ask Japan they been there, done that..see how a company like ford took mazda brand and shred it into pieces..It gets brutal. How quickly can we rebuilt if a tornado ripped through nairobi leave alone a hurricane or a earthquake! These are real issues, so the we've to get the fundamentals right. We cant even get Safcon right . How do we expect to realize Vision 2030, if ministers today are grabbing those nssf flats in embakasi build for the working class. Can you spell GREED. These companies have to withstand such exposures...Our neighbor, TZ isn't even done experimenting with communism, and thats part of the regional growth Equity wants. Our politicians are still immature and it will take them a while before they could differentiate between leadership and greed.

Although I wouldn’t use “inbred” , KE is raising a genuine point! Equity is great and has done kenya alot of pride..but its only been in the regional scene for a year…it has to swallow competition across subsaharan africa..fight hostile takeovers, even survive in govs that are being overthrown.. before thinking of joining the ranks of barclays , and thats a stretch in time and resources. Then it can take the competition to the Big boys.150 yr old banks.. Ask Japan they been there, done that..see how a company like ford took mazda brand and shred it into pieces..It gets brutal. How quickly can we rebuilt if a tornado ripped through nairobi leave alone a hurricane or a earthquake! These are real issues, so the we’ve to get the fundamentals right. We cant even get Safcon right . How do we expect to realize Vision 2030, if ministers today are grabbing those nssf flats in embakasi build for the working class. Can you spell GREED.
These companies have to withstand such exposures…Our neighbor, TZ isn’t even done experimenting with communism, and thats part of the regional growth Equity wants. Our politicians are still immature and it will take them a while before they could differentiate between leadership and greed.

]]> By: Sijui http://www.kenyanentrepreneur.com/imf-kenyas-economy-will-grow-yee-haw#comment-88296 Sijui Tue, 23 Sep 2008 14:26:16 +0000 http://www.kenyanentrepreneur.com/?p=1270#comment-88296 http://africa.reuters.com/business/news/usnBAN451360.html Notice the comment about Zambia where FDI is not isolated to the copper industry but broad based extending to manufacturing and agriculture. That story is repeated in Tanzania, Uganda, Rwanda, Senegal, Ghana, Botswana, Namibia, even irredeemably corrupt Nigeria has success stories.......infact the oil boom in Nigeria is fuelling economic growth in West Africa because Nigerian business is fanning out and fuelling regional investment.

http://africa.reuters.com/busi.....51360.html

Notice the comment about Zambia where FDI is not isolated to the copper industry but broad based extending to manufacturing and agriculture. That story is repeated in Tanzania, Uganda, Rwanda, Senegal, Ghana, Botswana, Namibia, even irredeemably corrupt Nigeria has success stories…….infact the oil boom in Nigeria is fuelling economic growth in West Africa because Nigerian business is fanning out and fuelling regional investment.

]]> By: Sijui http://www.kenyanentrepreneur.com/imf-kenyas-economy-will-grow-yee-haw#comment-88294 Sijui Tue, 23 Sep 2008 14:04:43 +0000 http://www.kenyanentrepreneur.com/?p=1270#comment-88294 KE you keep contradicting yourself, how are these 7-9% economies growing at such a clip if power and wealth remains isolated to a few? The two don't add up! Let's take Kenya as an example, the sectors that are fueling the economic growth are built on what? Is it Chinese investment circulating amongst a small elite who miraculously are productive enough in a population of 30 million that they are single handedly achieving 5.5-6% growth? As others have mentioned, this just does not make sense? Moreso the sectors that are growing in Kenya are those that are customer intensive i.e. telecommunications, financial services, construction etc. Meaning either Kenya's middle class is growing or many working poor are increasing their disposable incomes? Which is it? As for the commodities argument, Kenya may not have the lucrative heavy metals but it is has a stong agricultural base that is being sought after hence the push for increased bio-fue production and agro-processing. Bottom line, Africa is growing because of REFORMING, OPEN AND MORE EFFICIENT economies not because of oligarchs single handedly propping up entire economies. Do your homework and find out what the fundamentals of the fastest growing economies in Africa are, especially those countries like Ghana and Botswana where stock market returns are averaging 30-50% this year alone!

KE you keep contradicting yourself, how are these 7-9% economies growing at such a clip if power and wealth remains isolated to a few? The two don’t add up!

Let’s take Kenya as an example, the sectors that are fueling the economic growth are built on what? Is it Chinese investment circulating amongst a small elite who miraculously are productive enough in a population of 30 million that they are single handedly achieving 5.5-6% growth?

As others have mentioned, this just does not make sense? Moreso the sectors that are growing in Kenya are those that are customer intensive i.e. telecommunications, financial services, construction etc. Meaning either Kenya’s middle class is growing or many working poor are increasing their disposable incomes? Which is it?

As for the commodities argument, Kenya may not have the lucrative heavy metals but it is has a stong agricultural base that is being sought after hence the push for increased bio-fue production and agro-processing.

Bottom line, Africa is growing because of REFORMING, OPEN AND MORE EFFICIENT economies not because of oligarchs single handedly propping up entire economies.

Do your homework and find out what the fundamentals of the fastest growing economies in Africa are, especially those countries like Ghana and Botswana where stock market returns are averaging 30-50% this year alone!

]]> By: the italian http://www.kenyanentrepreneur.com/imf-kenyas-economy-will-grow-yee-haw#comment-88282 the italian Tue, 23 Sep 2008 12:18:19 +0000 http://www.kenyanentrepreneur.com/?p=1270#comment-88282 Well KE, it seems like your main agenda "is let me show you about the bad side of Kenya" I honestly think this is the kind of thinking that we all need to get rid of. The scenario that our economy is in-bred does not hold water. This is because our local Equity is now becoming a regional player and it was made from Kenyans who had a vision for a bank that could help them out without punitive penalties and as someone working in the financial services, Equity have the highest loan recovery rate than any bank in Kenya. Equity was willing to help the down trodden farmer, who managed to first feed his family, village, then location, district, province then the country and that's why now in Kenya we have surplus to export and the money we get (export income) is coming back to the country. Nevertheless the reason why Kenya will become a global player is because of service. Yes the service industry. Major technology companies have shifted their Africa base of operations from South Africa to Kenya. These are the Cisco, Oracle, HP, Finlays because of the excellent man power we have in the country. If we could exploit this to our advantage, we could provide BPO services, financial services and expert advise in a myriad of fields that the western world is grappling with. Skill is the next commodity and Africa is the playground for this.

Well KE, it seems like your main agenda “is let me show you about the bad side of Kenya” I honestly think this is the kind of thinking that we all need to get rid of.

The scenario that our economy is in-bred does not hold water. This is because our local Equity is now becoming a regional player and it was made from Kenyans who had a vision for a bank that could help them out without punitive penalties and as someone working in the financial services, Equity have the highest loan recovery rate than any bank in Kenya.

Equity was willing to help the down trodden farmer, who managed to first feed his family, village, then location, district, province then the country and that’s why now in Kenya we have surplus to export and the money we get (export income) is coming back to the country.

Nevertheless the reason why Kenya will become a global player is because of service. Yes the service industry. Major technology companies have shifted their Africa base of operations from South Africa to Kenya. These are the Cisco, Oracle, HP, Finlays because of the excellent man power we have in the country.

If we could exploit this to our advantage, we could provide BPO services, financial services and expert advise in a myriad of fields that the western world is grappling with.

Skill is the next commodity and Africa is the playground for this.

]]> By: Lord http://www.kenyanentrepreneur.com/imf-kenyas-economy-will-grow-yee-haw#comment-88278 Lord Tue, 23 Sep 2008 11:57:36 +0000 http://www.kenyanentrepreneur.com/?p=1270#comment-88278 I think KE thinks straight.....Not with a 'tinge of patriotism ' or the heart!

I think KE thinks straight…..Not with a ‘tinge of patriotism ‘ or the heart!

]]> By: Kei O http://www.kenyanentrepreneur.com/imf-kenyas-economy-will-grow-yee-haw#comment-88267 Kei O Tue, 23 Sep 2008 09:40:30 +0000 http://www.kenyanentrepreneur.com/?p=1270#comment-88267 I think the answer may lie in dismantling the artficial colonial boundaries. You have to create a whole new economic landscape by integrating the economies - EU or US style. How do you expect the economy of Rwanda, Kenya, Cameroon etc to compete on the global platform when their GDP is equal to a small company in the US or Japan???? Remember that India is a conglomeration of different states. This was the biggest gift of the colonialists to India. If that were to happen perhaps Equity (& others) could have a chance to go global.

I think the answer may lie in dismantling the artficial colonial boundaries. You have to create a whole new economic landscape by integrating the economies – EU or US style.

How do you expect the economy of Rwanda, Kenya, Cameroon etc to compete on the global platform when their GDP is equal to a small company in the US or Japan????

Remember that India is a conglomeration of different states. This was the biggest gift of the colonialists to India.

If that were to happen perhaps Equity (& others) could have a chance to go global.

]]> By: just what? http://www.kenyanentrepreneur.com/imf-kenyas-economy-will-grow-yee-haw#comment-88249 just what? Tue, 23 Sep 2008 06:16:46 +0000 http://www.kenyanentrepreneur.com/?p=1270#comment-88249 KE, your facts may be right, but you draw an unecessarily pessimistic conclusion. Pay Nairobi a visit, and see if you still hold on to your view.

KE,
your facts may be right, but you draw an unecessarily pessimistic conclusion. Pay Nairobi a visit, and see if you still hold on to your view.

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