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  • Permalink for 'Rants__Raves___Reviews/2008/04/06/Kenya_s_economy_suffers_major_hit'

    Kenya's economy suffers major hit

    Posted: April 6th, 2008, 9:44pm CDT
    TagsReview  
    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!
Read the complete article at Rants, Raves & Reviews