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East Africa's largest economy?
Rank: Member Joined: 1/15/2010 Posts: 625
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SimonKabz thanks for the pictures. Ethiopian highways make Thika highway look like child's play yet that's what Kenyans are always singing about. The advantage of a communist style leadership is that govt can actually execute on mega projects. So Ethiopia is going to be ahead for quite a while. Any big project in Kenya is going to be stuck in the courts in Kenya because of corruption and super long litigation times. We will eventually have to give it up to the Ethiopians and Tanzanians.
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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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mv_ufanisi wrote:SimonKabz thanks for the pictures. Ethiopian highways make Thika highway look like child's play yet that's what Kenyans are always singing about. The advantage of a communist style leadership is that govt can actually execute on mega projects. So Ethiopia is going to be ahead for quite a while. Any big project in Kenya is going to be stuck in the courts in Kenya because of corruption and super long litigation times. We will eventually have to give it up to the Ethiopians and Tanzanians. Reminds me of the Southern By-pass, stuck in court coz of a useless strip of land that is to be hived off the Nairobi National Park. Makes me wonder, of what use is that tiny strip, and in any case, Park ni ya wananchi, barabara ni ya wananchi but some activists wont hear none of that.  Notice the strip to be hived on the edge of the Park, no construction activity at all along the fence......wasting so much valuable time over such nonsense surely. With so much of the civil works already done, I foresee the Government bulldozing on this one, regardless of of the outcome in the courts. TULIA.........UFUNZWE!
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Rank: Member Joined: 1/27/2012 Posts: 851 Location: Nairobi
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A people's dictator is what will cure us. Democracy is excruciating slow. We are doing snail pace while others are doing Mach speeds.
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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The more reason we should let jubiree govt. be. Dumb money becomes dumb only when it listens to smart money
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Rank: New-farer Joined: 8/25/2012 Posts: 32
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simonkabz wrote:Obi 1 Kanobi wrote:Toshy wrote:If as the world bank claims, mobile money transactions make up 20% of our GDP and last year we transacted 1.7 trillion ksh (20 billion USD) doesn't that make our GDP closer to 100 billion USD? This means the figure of 40 billion USD being mentioned is a gross underestimate of our economic size. This finally makes sense. Our GDP is generally much larger than quoted simply because many of the units of activities in our economy are never counted. Picture this, somewhere in deep Murang'a, a housewife ties a baby to her back and spends the day collecting firewood for boiling Githeri. End result is the family feeds that day, impact on economy is nil coz the household planted the maize and beans used to make the Githeri in their subsistence shamba. now in the UK, wifey goes to work at the tube and earns 1,500 pounds per month, takes children to a nanny who charges 300 pounds per month, in the evening she buys premade frozen food for more pounds and cooks it with electricity and freezes it with electiricity, The activities for the UK household are recorded and add to the size of the economy without improving the individuals life while the Kenyans are not recorded and wrongly depress ours. Trust me if you are middo crass in Kenya, you are missing nothing in this world I think you hit the nail on the head. The only miss i think here is;- 1. You have hungry and angry people (no food, bad shelter, etc) around you and who will always see you as source of their problem. Have you ever been in a quarrel with a .... eg a boda boda guy accidentally or willingly hits your car's side mirror? Many of his/her kind, passers-by flock like s....t sucking flies and judgement is against you. 2. Build a maisonette and roads to your homestead and an investor puts 50 mabati singles, 5ft deep latrine next to you. 3. Police and kanjos taking kitu kidogo 4. Bad mannered,selfish, careless and unwise politicians. 5. Bad manned youth (although this is everywhere even in East) 6. The mosquitos
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Rank: New-farer Joined: 8/15/2010 Posts: 99 Location: nairobi
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This is a nice comparison and good debate. Before we throw fists against each other it is important to know that the devil is always in the details. Some MNCs discovered this after flooding there with the 'free land' enticement et. al. They were later to discover that all foreign exchange inflows have to be converted to the local currency-the Birr. Importing stuff is extremely difficult also. Had a friend who was contracted to start a new flower farm there and he termed it as the most difficult work environment he had ever encountered....well save for their beautiful women. His client had a shortage of plastic buckets and wanted to get them from Kenya and the authorities refused. He sourced them locally thereby creating a local shortage. The multinationals not to be beaten at their games have resorted to transfer pricing; remember the recent case of Sher Karuturi here in Kenya. Read this article for further knowledge http://www.economist.com...omic-models-doing-it-my
And watch the following videos http://www.youtube.com/watch?v=CvVb9EZ6Kqs
http://www.youtube.com/watch?v=nt22chvx_yQ
It is a typical scramble for Africa. Seems it is their time to be colonised.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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GNI PPP Per Capita Kenya - $930 Ethiopia - $470 Tanzania - $630 Uganda - $510 Rwanda - $620 Burundi - $280 Sourh Sudan - $1,120 Per the World Bank Latest Data "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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masukuma wrote:so.... Tokyo's GDP in 2007 was estimated to be 1.9 trillion dollars! on the other hand Africa's collective GDP in 2011 was 1.88 trillion dollars. This whole debate is about the taller dwarf!! Ethiopia is a taller dwarf! but we are all dwarfs!! This is the kind of nonsense mathematics that flies in the face of logic, @masukuma, do you believe that Tokyo is a larger economy than Africa. Hell you can even throw in the whole of Japan. If you were offered a choice of either Africa or Tokyo/Japan, what would you go for. Think the recent rebasing of the Nigerian economy, think the minerals lying underneath the Congo, think the Congo forest, think the beaches of East Africa, think the oil offshore west and southern Africa, think the Pyramids in Egypt, think the 1 billion man market. And yes, Ethiopia is damn impressive but as long as development is govt driven, the people will never trully benefit. Offering land to foreigners is nonsense. Having said that, Kenyans need to up their game, especially on governance "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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Obi 1 Kanobi wrote:masukuma wrote:so.... Tokyo's GDP in 2007 was estimated to be 1.9 trillion dollars! on the other hand Africa's collective GDP in 2011 was 1.88 trillion dollars. This whole debate is about the taller dwarf!! Ethiopia is a taller dwarf! but we are all dwarfs!! This is the kind of nonsense mathematics that flies in the face of logic, @masukuma, do you believe that Tokyo is a larger economy than Africa. Hell you can even throw in the whole of Japan. If you were offered a choice of either Africa or Tokyo/Japan, what would you go for. Think the recent rebasing of the Nigerian economy, think the minerals lying underneath the Congo, think the Congo forest, think the beaches of East Africa, think the oil offshore west and southern Africa, think the Pyramids in Egypt, think the 1 billion man market. And yes, Ethiopia is damn impressive but as long as development is govt driven, the people will never trully benefit. Offering land to foreigners is nonsense. Having said that, Kenyans need to up their game, especially on governance Word! Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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