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karanjakinuthia
#431 Posted : Sunday, July 18, 2010 10:31:24 AM
Rank: Member

Joined: 11/13/2006
Posts: 551
Location: Nairobi
Africa rising on the heels of a continent wide realisation that the rule of law is the cornerstone to economic progress. Ke Nako!

"The head of one of the world's largest buyout firms expects economic growth in Africa to outpace every other region over the next decade.

Speaking at a conference on emerging markets in Geneva on Wednesday, David Rubenstein, co-founder and managing director of Carlyle Group, said Africa stood alone in terms of growth potential.

"I am very bullish on the prospects for Africa," Mr. Rubenstein said. "Nothing compares in terms of economic growth as a percentage over the next decade, [partly because] it is starting from a low base."....

Read more:

http://www.vc4africa.com...lyle?xg_source=activity

young
#432 Posted : Sunday, July 18, 2010 5:34:40 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
Barring Political unstability the main drivers of Growth in subsaharan Africa in the next decade will be

West Africa :- Ghana
East Africa := Uganda
South Africa :- Botswana
South East Africa:= Zambia

The basis of their growth potentials are tied to resourses :-
Oil & Gas (Ghana, Uganda)
Diamond /Coal ( Botswana)
Copper (Zambia)
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
youcan'tstopusnow
#433 Posted : Sunday, July 18, 2010 6:03:32 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
young wrote:
Barring Political unstability the main drivers of Growth in subsaharan Africa in the next decade will be

West Africa :- Ghana
East Africa := Uganda
South Africa :- Botswana
South East Africa:= Zambia

The basis of their growth potentials are tied to resourses :-
Oil & Gas (Ghana, Uganda)
Diamond /Coal ( Botswana)
Copper (Zambia)

young, barring political instability, I think Nigeria is a better bet than Ghana. Their 100 million plus population will work to their favour.
GOD BLESS YOUR LIFE
young
#434 Posted : Sunday, July 18, 2010 7:00:12 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
@Youcant

Most people know that Ghana is the next west African tiger. Population is not everything.
Prudent management and availabliity of resources is it.
Ghana has no drop of oil but they have now and more and more in future. Their small population just like Botswana on the incoming wealth potential is a big plus for them.

Nigeria had they turns but tables will turn in the near future in favour of Ghana.

10 years ago you would have laughed yourself out if somebody told you that China will be an economic power to reckon with.

But take it easy Uganda cannot OVERTAKE dearly beloved Kenya PROVIDED KENYA develops their coal resouces and strike oil (very likely).

As a Nigerian, I do not underate the economic potentials of small Ghana

Ghana(except Rwanda, Botswana) is one of the best investment friendly countries in Africa, and you have loads of foreigners positioning to do business there.

The world is watching Africa.

SAMPLE THIS
Ghana's President says the discovery of the country's first major oil deposit could turn the West African country into an "African tiger".
"Even without oil, we are doing so well... With oil as a shot in the arm, we're going to fly," he told the BBC.

"My joy is that I'll go down in history as the president under whose watch oil was found to turn the economy of Ghana around for the better," he said.


AND FOLLOW THE LINK BELOW FOR DETAILS


news.bbc.co.uk/2/hi/africa/6766527.stm


The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
karanjakinuthia
#435 Posted : Tuesday, July 20, 2010 10:25:36 AM
Rank: Member

Joined: 11/13/2006
Posts: 551
Location: Nairobi
@Young. In my humble opinion, the drivers of growth in Africa will be those nations that deploy good fiscal management, rule of law and harness their human capital. A prime example of a resource poor country is Japan that catapulted into being the second largest economy in the world on the basis of its human resource.

Asset markets go through boom and bust cycles. Nations that rely heavily on commodities are usually prone to severe downturns and even debt defaults. Here are charts of sovereign bond defaults from 1824 to 2003:

http://calculatedriskima...aults-1820-to-1920.html

http://calculatedriskima...aults-1921-to-1980.html

http://calculatedriskima...aults-1921-to-1980.html

Please note that after the commodity boom of 1968-1981 ended, 37 nations defaulted on their debt.

We may want to believe that this time is different but recall the recent travails of Dubai which rode on a global real-estate boom and regional oil fortunes, only to saddle its state owned Nakheel Holdings with massive debt that had to be restructured.

History loves re-runs.

karanjakinuthia
#436 Posted : Tuesday, July 20, 2010 10:27:06 AM
Rank: Member

Joined: 11/13/2006
Posts: 551
Location: Nairobi
A changing of the guard at the helm of economic supremacy. Note that with the exception of 2001, China's energy consumption has been on a steady march upwards.

"China overtook the U.S. as the world’s biggest energy user last year, emphasizing that developing nations are driving global growth, according to the International Energy Agency.

China consumed 2,252 million metric tons of oil equivalent in 2009 in the form of crude, coal, natural gas, nuclear power and renewable sources, IEA Chief Economist Fatih Birol said yesterday. That exceeded the 2,170 million tons used by the U.S...."

Read more:

http://www.bloomberg.com...ports-jump-iea-says.html
karanjakinuthia
#437 Posted : Thursday, July 22, 2010 9:50:18 AM
Rank: Member

Joined: 11/13/2006
Posts: 551
Location: Nairobi
The promise of gleaming pots of gold are sure to attract Australian or Canadian mining interests.

"Aviva Corporation Ltd of Australia has started carrying out airborne survey to map sites with potential for gold deposits and other minerals in Western Kenya.

The firm’s chief executive Lindsay Reed said they have contracted Geotech Airborne Ltd to carry out the geophysical survey in Ndori and Bumbo areas.

He said the survey’s aim is to enable Aviva with joint venture partner AfriOre International (Barbados) Ltd to establish existence of commercial deposits of gold as well as base metals like zinc or copper in the region...."

Read more:

http://www.nation.co.ke/...2/-/tnaprl/-/index.html

karanjakinuthia
#438 Posted : Thursday, July 22, 2010 9:53:02 AM
Rank: Member

Joined: 11/13/2006
Posts: 551
Location: Nairobi
For your information.

"Former dictator Antonio de Oliveira Salazar might be remembered as Portugal’s best investor had central bank rules allowed the country to benefit from his shrewdest trade: Europe’s biggest gold pile.

Portugal owns more of the precious metal relative to the size of its economy than any euro country, accumulated mostly during Salazar’s 36 years in power using savings and money from exports including tungsten and canned fish. Gold’s 26 percent advance in the past year leaves Portugal holding an increasingly valuable asset, though one the indebted government can’t touch because the law prevents proceeds from going to state coffers...."

Read more:

http://www.bloomberg.com...-gains-to-prove-it.html

karanjakinuthia
#439 Posted : Saturday, July 24, 2010 5:59:34 PM
Rank: Member

Joined: 11/13/2006
Posts: 551
Location: Nairobi
karanjakinuthia
#440 Posted : Saturday, July 24, 2010 6:12:19 PM
Rank: Member

Joined: 11/13/2006
Posts: 551
Location: Nairobi
In layman's terms: man your stations, iceberg ahead! The year 2011 promises volatility in markets the likes of which were last witnessed in 2008.

"While widely watched gauges of risk or “fear” in equity markets, such as the Vix index, have fallen in recent weeks, measures looking further into the future show that apprehension is rising.

The difference between short- and long-term equity volatility measures has climbed to a record, indicating that fear and uncertainty about the direction of the global economy and US equities is at its highest level yet.

In government bonds, this economic uncertainty has sent the yield on two-year Treasury notes down to a record low of 0.56 per cent this week. The further decline in Treasury yields reflects a growing concern that the economy faces a double-dip recession later this year...."

Read more:

http://www.ft.com/cms/s/...-b5ad-00144feab49a.html

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