Well, well, well.

Resources in Africa.

I think it all depends with productivity, how well the people are educated and its goverment to enable a condusive environment for business.

In Africa and especially in Kenya, I think that there is a lot talent that would create more jobs that I dont know who the assistant minister is advocating for Konza development.

Check this out.
There are so many mechanics who fix or can fix cars all over Kenya because they have learnt the trade but does that meant that they can't manufacture their own carss that have greater capabilities when it comes to fuel efficiencies?

Now, since I learnt that the "middle class" are driving used mercedenz benz so as to ascertain to the public that they are in the middle class level, don't they know that you can use biotechnology fuels namely biodiesel for their merc hence not paying for gas???

When it comes to Mugoya or I dont know which construction company, why not use used tires to build roads hence reducing the money spent on building roads or "begging"??

When it comes to medicine, Africa has got all the knowledge from their forefathers but instead of utilizing and documenting about it, we are very quick to rush to western medicine while the white dude penetrate all the way to Gusii land to learn about how this people relieve pressure from the head by piercing the skull.

But then again, thats just me thinking like that!!!

...This is a formidable topic which by no means can we exhaust in either means or form however i will sum up in simple terms what Obama said in Ghana's parliament in 09 and these bset describes us!!

However there is an interestic link i have come across for all to read!

http://www.eurojournals.com/ejss_16_4_12.pdf

“Repression takes many forms, and too many nations are plagued by problems that
condemn their people to poverty. No country is going to create wealth if its leaders exploit the
economy to enrich themselves, or police can be bought off by drug traffickers. No business wants to
invest in a place where the government skims 20 percent off the top, or the head of the Port Authority
is corrupted. No person wants to live in a society where the rule of law gives way to the rule of
brutality and bribery. That is not democracy that is tyranny, and now is the time for it to end.”

Going back to the topic of discussion, Resource rich Africa shall continue to be impoverished in as long as we have no accountability mechanisms in place.

The best medium of exchange is Gold, due to its scarcity, but then its liquidity is an issue.

Considering that Africa has the world's largest gold deposits, using Gold as international currency will automatically give Africa a head start.

Already, China ad Russia have stated that they will use Gold to buy Iranian oil after Iran's SWIFT was turned off.


http://www.gold-traders....gold-found-on-earth.asp



Gadaffi's plan for a United States of Africa can enable South Africa, Tanzania, Kenya,Sudan, Mali,Ghana,, Botswana, Ethiopia, DRC,Gabon and other African gold producing countries' gold be pooled together in one African central bank to create the World's richest region.

See list of African gold producing countries here

http://en.wikipedia.org/...ries_by_gold_production