Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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watesh wrote:Boris Boyka wrote:Kusadikika wrote:watesh wrote:The biggest banks in DRC make tiny profits as compared to Kenya. Rawbank hit $6.7 million in 2013 (Ksh0.7 billion), BCDC $9.2million in 2013 (Ksh920 million) , Trust Merchant Bank $10m in 2014 (Ksh 1 billion)......in a country whose mineral wealth is bigger than the GDP of USA and Europe, there is so much money outside the banks hands Have you ever heard of how Bata came to Africa and set up their factory in Limuru well here it is: At the end of the nineteenth century, just as colonial Africa was opening up as a market, all the manufacturers of shoes in Victorian England sent their representatives to Africa to see if there might be an opportunity there for their wares. All duly came back in time with the same answer. ‘Nobody in Africa wears shoes. So, there is no market for our products there.’
All, that is, save for the Bata rep. He came back saying, ‘Nobody in Africa wears shoes. So, there’s a huge market for our products in Africa!’
I think James Mwangi has looked at those numbers but he is thinking like that Bata representative. You have spoken like 10 wise men! For those saying DRC is volatile,which African country is stable and peaceful? All is gone. we are having chaos in the North...South...west and East. In fact Kenya is Volatilier if such a word exists yet investors still pump in money. Agreed, most african countries are not peaceful even southafrica juzi juzi they were fighting off foreigners. In DRC as long as elections go well that country is fertile to be impregnated with businesses. Minerals alone is alot of money. Hydroelec power is enough to power half of africa...south africa already ready to buy. That more money into that economy. Once very stable far down the line, tourism will be next. The exotic animals in that place....food export also, so many rivers to irrigate...the potential this country has is just massive Fertile to be impregnated with business. Quotable quote by @watesh
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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