Showing posts with label Uchumi. Show all posts
Showing posts with label Uchumi. Show all posts
Thursday, September 03, 2015
Monday, February 24, 2014
Tuesday, January 22, 2013
Africa Rising - Kuna Siku Afika Itashindana Kiuchumi na Nchi za Magharibi
Afrika inajulikana kwa umaskini, lakini mwana uchumi Charles Robinson anatabiri kuwa kuna siku Afrika itashindana na nchi za Magharibi! Kila kukicha tunasonga mbele!
*************************************
Kutoka CNN.com
Get ready for an Africa Boom
By Charles Robertson, Special to CNN
Editor’s note: Charles Robertson global chief economist for Renaissance Capital and lead author of ‘The Fastest Billion: The Story Behind Africa’s Economic Revolution.’ The views expressed are his own.
The rise of Africa’s long forlorn economies – what we at Renaissance Capital have dubbed “The Fastest Billion” – represents the final phase of a global economic transformation that began over 200 years ago as agrarian societies saddled with absolute rulers began their journey through industrialization into the pluralistic middle-class societies increasingly driven by the information age we know today.
For many reasons, Africa largely missed out on this journey. But no longer: while the process will not be complete by 2050, a changing set of global and local realities suggest that Africa is set to be the final beneficiary of this revolution.
Over the past decade, the billion people who live in Africa have experienced the fastest growth the continent has ever seen, and many of its countries (Nigeria, Ethiopia, Mozambique, Guinea) are among the fastest growing in the world. A growing body of evidence backs our view that as Africa’s population doubles to two billion over the next several decades, its GDP will increase from $2 trillion today to $29 trillion in today’s money by 2050.
To many in the West, such figures beggar belief – just as similar projections for East Asia’s Tiger economies or Latin America’s star performers did in the 1980s. The idea that Americans and Europeans would drive around in South Korean automobiles, or fly around in Brazilian-made jetliners, would have brought great guffaws from experts of 1980. But today, Hyundai, Kia and Embrear are household names. Things change quickly when certain tipping points are reached. We believe Africa has reached such a point.
More from GPS: How Africa could feed the world
By 2050, assuming a conservative trajectory similar to what India achieved since 1990, Africa will produce more GDP than the United States and eurozone combined do today, and its basic social, demographic and political realities will also be transformed. The necessary elements that have propelled countries from late medieval commerce with authoritarian government through to industrialized nations with comprehensive and far-reaching social and legal institutions are well known.
A continent rich in natural resources – mineral, agricultural and in energy – Africa is also rich in the youth of its population, enjoying a demographic advantage over all other regions of the world.
The pace of technological innovation globally is now so rapid, and technology is so easy to transfer – as evidenced by the boom in mobile phone technology and the roll-out of broadband across the continent – these young Africans are not only the recipients of technology, but via M-PESA banking, are becoming exporters of it, too.
Today, Africa has the greatest room to boom on the back of two centuries of global progress. The take-off in Africa began around the turn of the century, 40 years after independence. Why not earlier? Because human capital was extremely constrained by a lack of primary and secondary education, while global capital could find better opportunities in East Asia and Latin America. Political leaders in the 1960s and 1970s were inexperienced, often self-serving and were offered contradictory advice on how best to develop a country. There were no strong Asian role models to emulate. International involvement in Africa was too often geared towards Cold War geopolitics, feeding civil wars and strife, rather than trade and investment.
What has changed? Many governments have learnt from their mistakes and seen the positive reform examples not just in Asia, but more importantly in Africa itself, from Mauritius to Botswana and Cape Verde, and now Ghana to Rwanda. In most countries there has been no single reform miracle, like China’s in 1978 or India’s in 1991, but rather a series of small steps which taken together have been just as powerful.
Stronger growth and good public finances – Africa’s numbers are far better in this regard than those of Europe, the United States or Japan – have helped draw in record levels of foreign private-sector capital. But the improvement shows across the board – in primary and secondary education, in health, personal security, transparency and governance.
The headlines of the day may not support this – war rages in parts of Congo and Sudan, poverty and corruption stain too many of the continent’s peoples. Such are the stuff of headlines. But today we count around 30 democracies across the continent, some strong and immortal, but many fragile and still vulnerable. That number will grow.
Today the continent is reaping the benefits of high commodity prices and exports to China to begin the process of infrastructure investment that accelerates growth. Each year, in the oil sector alone, a major new discovery is heralded, from Ghana to Uganda and most recently Kenya, pushing Africa’s share of world oil reserves to 10 percent. African oil production growth has already been the fastest in the world over the past 10 years, all of it in sub-Saharan Africa (SSA). Africa now produces 10m barrels a day, as much as Russia or Saudi Arabia, with the 6m barrels of SSA alone worth $235 billion of oil revenue annually or 20% of 2011 GDP. Renaissance expects volume increases to ensure this tops $300 billion even with no change in oil prices by 2019.
Nearly a trillion dollars of oil revenue every three years means unprecedented inflows of foreign exchange to fund imports of investment and consumption goods. Rapid economic growth means growing African demand for resources. Do not be surprised if Nigerian steel consumption rises from 1.6 million tons annually today to 115 million tons annually by 2050. African motor vehicle sales of 8 million by 2020 may reach 14 million by 2030, higher than the U.S. today. Who knows – someday you may find yourself driving a Nigerian auto and dialing hands free on a Tanzanian-made phone. It has all happened before.
*************************************
Kutoka CNN.com
Get ready for an Africa Boom
By Charles Robertson, Special to CNN
Editor’s note: Charles Robertson global chief economist for Renaissance Capital and lead author of ‘The Fastest Billion: The Story Behind Africa’s Economic Revolution.’ The views expressed are his own.
The rise of Africa’s long forlorn economies – what we at Renaissance Capital have dubbed “The Fastest Billion” – represents the final phase of a global economic transformation that began over 200 years ago as agrarian societies saddled with absolute rulers began their journey through industrialization into the pluralistic middle-class societies increasingly driven by the information age we know today.
For many reasons, Africa largely missed out on this journey. But no longer: while the process will not be complete by 2050, a changing set of global and local realities suggest that Africa is set to be the final beneficiary of this revolution.
Over the past decade, the billion people who live in Africa have experienced the fastest growth the continent has ever seen, and many of its countries (Nigeria, Ethiopia, Mozambique, Guinea) are among the fastest growing in the world. A growing body of evidence backs our view that as Africa’s population doubles to two billion over the next several decades, its GDP will increase from $2 trillion today to $29 trillion in today’s money by 2050.
To many in the West, such figures beggar belief – just as similar projections for East Asia’s Tiger economies or Latin America’s star performers did in the 1980s. The idea that Americans and Europeans would drive around in South Korean automobiles, or fly around in Brazilian-made jetliners, would have brought great guffaws from experts of 1980. But today, Hyundai, Kia and Embrear are household names. Things change quickly when certain tipping points are reached. We believe Africa has reached such a point.
More from GPS: How Africa could feed the world
By 2050, assuming a conservative trajectory similar to what India achieved since 1990, Africa will produce more GDP than the United States and eurozone combined do today, and its basic social, demographic and political realities will also be transformed. The necessary elements that have propelled countries from late medieval commerce with authoritarian government through to industrialized nations with comprehensive and far-reaching social and legal institutions are well known.
A continent rich in natural resources – mineral, agricultural and in energy – Africa is also rich in the youth of its population, enjoying a demographic advantage over all other regions of the world.
The pace of technological innovation globally is now so rapid, and technology is so easy to transfer – as evidenced by the boom in mobile phone technology and the roll-out of broadband across the continent – these young Africans are not only the recipients of technology, but via M-PESA banking, are becoming exporters of it, too.
Today, Africa has the greatest room to boom on the back of two centuries of global progress. The take-off in Africa began around the turn of the century, 40 years after independence. Why not earlier? Because human capital was extremely constrained by a lack of primary and secondary education, while global capital could find better opportunities in East Asia and Latin America. Political leaders in the 1960s and 1970s were inexperienced, often self-serving and were offered contradictory advice on how best to develop a country. There were no strong Asian role models to emulate. International involvement in Africa was too often geared towards Cold War geopolitics, feeding civil wars and strife, rather than trade and investment.
What has changed? Many governments have learnt from their mistakes and seen the positive reform examples not just in Asia, but more importantly in Africa itself, from Mauritius to Botswana and Cape Verde, and now Ghana to Rwanda. In most countries there has been no single reform miracle, like China’s in 1978 or India’s in 1991, but rather a series of small steps which taken together have been just as powerful.
Stronger growth and good public finances – Africa’s numbers are far better in this regard than those of Europe, the United States or Japan – have helped draw in record levels of foreign private-sector capital. But the improvement shows across the board – in primary and secondary education, in health, personal security, transparency and governance.
The headlines of the day may not support this – war rages in parts of Congo and Sudan, poverty and corruption stain too many of the continent’s peoples. Such are the stuff of headlines. But today we count around 30 democracies across the continent, some strong and immortal, but many fragile and still vulnerable. That number will grow.
Today the continent is reaping the benefits of high commodity prices and exports to China to begin the process of infrastructure investment that accelerates growth. Each year, in the oil sector alone, a major new discovery is heralded, from Ghana to Uganda and most recently Kenya, pushing Africa’s share of world oil reserves to 10 percent. African oil production growth has already been the fastest in the world over the past 10 years, all of it in sub-Saharan Africa (SSA). Africa now produces 10m barrels a day, as much as Russia or Saudi Arabia, with the 6m barrels of SSA alone worth $235 billion of oil revenue annually or 20% of 2011 GDP. Renaissance expects volume increases to ensure this tops $300 billion even with no change in oil prices by 2019.
Nearly a trillion dollars of oil revenue every three years means unprecedented inflows of foreign exchange to fund imports of investment and consumption goods. Rapid economic growth means growing African demand for resources. Do not be surprised if Nigerian steel consumption rises from 1.6 million tons annually today to 115 million tons annually by 2050. African motor vehicle sales of 8 million by 2020 may reach 14 million by 2030, higher than the U.S. today. Who knows – someday you may find yourself driving a Nigerian auto and dialing hands free on a Tanzanian-made phone. It has all happened before.
Saturday, June 27, 2009
Uchumi Wetu Blog
Mambo vipi Da' Chemi,
Pokea salamu zangu.
Ningependa kukupongeza kwa kazi yako nzuri na ya heshima unayofanya katika mtandao wako wa SWAHILITIME. Inatuhamasisha na kutupa michapo katika maswala tofauti hasa mambo ya ughaibuni.
Inspired by your blog and many other bloggers I have taken it up the challenge and created a blog modelled around it for making important Business and Economic News and Info about Tanzania.
Kindly spread the word for people to visit the blog and receive the latest business and economic news/info on TANZANIA.
BLOG: ECONOMY TICKER
URL: http://www.economyticker.blogspot.com
Natanguliza shukrani zangu.
Pamoja,
ECONOMY TICKER
Barua pepe: uchumiwetu@gmail.com
Pokea salamu zangu.
Ningependa kukupongeza kwa kazi yako nzuri na ya heshima unayofanya katika mtandao wako wa SWAHILITIME. Inatuhamasisha na kutupa michapo katika maswala tofauti hasa mambo ya ughaibuni.
Inspired by your blog and many other bloggers I have taken it up the challenge and created a blog modelled around it for making important Business and Economic News and Info about Tanzania.
Kindly spread the word for people to visit the blog and receive the latest business and economic news/info on TANZANIA.
BLOG: ECONOMY TICKER
URL: http://www.economyticker.blogspot.com
Natanguliza shukrani zangu.
Pamoja,
ECONOMY TICKER
Barua pepe: uchumiwetu@gmail.com
Saturday, October 18, 2008
Ushauri kutoka John Mashaka wa Wall Street
GLOBAL ECONOMIC OUTLOOK ADVICE TO TANZANIANS, AND EAST AFRICANS
At this point, many of you are aware of the Economic turmoil that has rocked the global economies. From the NYSE, LSE, to Hong-Kong Stock Exchange the cry is the same, and the pain is being felt in all sectors ; manufacturing, energy, agriculture etc.
Even though the problem may have started as Mortgage crisis in the US, and many thought it would have ended there, the reality is rather different, and the truth is painful and scary to hear. The data that has been available for almost two years now, pointed to the very situation we are in today. Middle analysts detected the problem raised their eye brows, but then their voices were too low to be heard by money hungry, bonus driven Wall-Street executives.
The big shots at the Wall-Street, driven by greed continued to cook their deals; duped European Bankers with bogus deals, who in turn spread the rotten credit deals in all global markets. Anyway, the damage has been done, and now faced with a reality of controlling the pain! And must consider the impact of the problem; how is it going to affect the common man in Tanzania, Kenya and elsewhere in Africa!
Millions of people in the US who invested their lifetime savings in the stock market have watched their funds melt in their own eyes. A man or other a client, who invested his savings in the stock option plan, in one of the now gone companies, lost $4 million in less than a year; People are loosing their jobs, many businesses closing their doors, people can no longer afford paying their once owned expensive assets. Banks and many financial institutions are collapsing at an alarming rate. Millions around the world are rapidly depleting their savings.
Even though the Central Banks around the world have taken aggressive and swift measures to curb the problem by cutting interest rates and pumping almost a Trillion dollar rescue packages into their respective economies, so far the effort have not calmed the anxiety, the problem seems very deep entrenched than many thought.
That means, the meltdown was not limited to the Sub prime, it is in the credit, manufacturing and even retail.
When major banks cannot meet their Liquidity requirements as in the case of several fallen US banks, when Short term lending becomes a problem, when commercial paper is not attainable, the economy goes into its knees. Many companies depend on these short term instruments to finance their day to day operations, short term projects, as well as meeting their payroll needs. And when they can’t secure these instruments, it means they stop their operations.
Likelihood of companies letting their employees go due to payroll problems are very real. LIBOR, a system used in the UK and partly in the US for inter-bank lending, whose rates have gone up, shows that we are in for a long and tough ride, raising the inability of Banks to issue loans to individuals and companies lacking highest ratings in the ratings circles.
The Global Markets are plummeting, due to the fact that, investors are worried, no individuals or companies want to put their investments in the risky market, and many (millions) are pulling out their investments. Consumers are scared to spend, and this is leaving experts without any cure to the disease, that is spreading globally.
Many of you know that Wall-Street or other financial markets are driven by speculation as you witnessed early during the year, when energy prices went off the roof in the Western World; this was fueled by speculation of war outbreak in the Persian Gulf, Economic boom in Asia Pacific, and India. Now that economic boom has taken a downward trend, so has the demand and the prices. Speculation has now turned into fear for the worse,
These are symptoms of an economic recession, and even though further bear the hallmarks of the 1929 great depression, we are optimistic things will turn around before we get into a similar economic tragedy.
To our people, fear is the worst enemy of any human being. Do not fear or panic in these uncertain times. Go about your daily activities, and please.
• Abstain and cut OFF completely, all the unnecessary spending, and purchases
• Do not rush into the bank to remove your deposits, because you will create an environment in which banks liquidity runs to zero, hence a collapse.
• Make sure you ask from your bank how much money they insure with the central bank as those in America and Europe, be assured that, All your deposits are safe. Bank of England and European Union Central Banks are currently in charge of all deposits
• Constantly check with your Bank to see how things are moving in terms of the safety of your deposits
• I know many cannot afford depositing their monies into precious metals, but for those with excess cash, may want to consider this option as an alternative to safeguarding their most liquid assets (cash) and these valuables can be deposited in most of the banks, this will ensure economic continuity in the economy.
• Be careful, and not fall a prey of con artists with cure to any economic problem. Your trusted licensed banker and government monetary officials entrusted with the task should be the only persons to deal with.
Economists, policymakers and monetary experts in our country have perhaps taken measures, or have aggressive plans in place that will safeguard your savings, you must therefore be optimistic, at the same time must be cautious not to be caught off guard. Since many of our third world countries are dependent on the West for Tourism, Export, and Aid to subsidize their Budgets, the impact may be soon be felt. The IMF has pointed for a deep recession. Either way, how prepared are we?
John Mashaka
The Writer Is a US Based, Social Activist & Investment Banker, of Tanzanian Origin.
At this point, many of you are aware of the Economic turmoil that has rocked the global economies. From the NYSE, LSE, to Hong-Kong Stock Exchange the cry is the same, and the pain is being felt in all sectors ; manufacturing, energy, agriculture etc.
Even though the problem may have started as Mortgage crisis in the US, and many thought it would have ended there, the reality is rather different, and the truth is painful and scary to hear. The data that has been available for almost two years now, pointed to the very situation we are in today. Middle analysts detected the problem raised their eye brows, but then their voices were too low to be heard by money hungry, bonus driven Wall-Street executives.
The big shots at the Wall-Street, driven by greed continued to cook their deals; duped European Bankers with bogus deals, who in turn spread the rotten credit deals in all global markets. Anyway, the damage has been done, and now faced with a reality of controlling the pain! And must consider the impact of the problem; how is it going to affect the common man in Tanzania, Kenya and elsewhere in Africa!
Millions of people in the US who invested their lifetime savings in the stock market have watched their funds melt in their own eyes. A man or other a client, who invested his savings in the stock option plan, in one of the now gone companies, lost $4 million in less than a year; People are loosing their jobs, many businesses closing their doors, people can no longer afford paying their once owned expensive assets. Banks and many financial institutions are collapsing at an alarming rate. Millions around the world are rapidly depleting their savings.
Even though the Central Banks around the world have taken aggressive and swift measures to curb the problem by cutting interest rates and pumping almost a Trillion dollar rescue packages into their respective economies, so far the effort have not calmed the anxiety, the problem seems very deep entrenched than many thought.
That means, the meltdown was not limited to the Sub prime, it is in the credit, manufacturing and even retail.
When major banks cannot meet their Liquidity requirements as in the case of several fallen US banks, when Short term lending becomes a problem, when commercial paper is not attainable, the economy goes into its knees. Many companies depend on these short term instruments to finance their day to day operations, short term projects, as well as meeting their payroll needs. And when they can’t secure these instruments, it means they stop their operations.
Likelihood of companies letting their employees go due to payroll problems are very real. LIBOR, a system used in the UK and partly in the US for inter-bank lending, whose rates have gone up, shows that we are in for a long and tough ride, raising the inability of Banks to issue loans to individuals and companies lacking highest ratings in the ratings circles.
The Global Markets are plummeting, due to the fact that, investors are worried, no individuals or companies want to put their investments in the risky market, and many (millions) are pulling out their investments. Consumers are scared to spend, and this is leaving experts without any cure to the disease, that is spreading globally.
Many of you know that Wall-Street or other financial markets are driven by speculation as you witnessed early during the year, when energy prices went off the roof in the Western World; this was fueled by speculation of war outbreak in the Persian Gulf, Economic boom in Asia Pacific, and India. Now that economic boom has taken a downward trend, so has the demand and the prices. Speculation has now turned into fear for the worse,
These are symptoms of an economic recession, and even though further bear the hallmarks of the 1929 great depression, we are optimistic things will turn around before we get into a similar economic tragedy.
To our people, fear is the worst enemy of any human being. Do not fear or panic in these uncertain times. Go about your daily activities, and please.
• Abstain and cut OFF completely, all the unnecessary spending, and purchases
• Do not rush into the bank to remove your deposits, because you will create an environment in which banks liquidity runs to zero, hence a collapse.
• Make sure you ask from your bank how much money they insure with the central bank as those in America and Europe, be assured that, All your deposits are safe. Bank of England and European Union Central Banks are currently in charge of all deposits
• Constantly check with your Bank to see how things are moving in terms of the safety of your deposits
• I know many cannot afford depositing their monies into precious metals, but for those with excess cash, may want to consider this option as an alternative to safeguarding their most liquid assets (cash) and these valuables can be deposited in most of the banks, this will ensure economic continuity in the economy.
• Be careful, and not fall a prey of con artists with cure to any economic problem. Your trusted licensed banker and government monetary officials entrusted with the task should be the only persons to deal with.
Economists, policymakers and monetary experts in our country have perhaps taken measures, or have aggressive plans in place that will safeguard your savings, you must therefore be optimistic, at the same time must be cautious not to be caught off guard. Since many of our third world countries are dependent on the West for Tourism, Export, and Aid to subsidize their Budgets, the impact may be soon be felt. The IMF has pointed for a deep recession. Either way, how prepared are we?
John Mashaka
The Writer Is a US Based, Social Activist & Investment Banker, of Tanzanian Origin.
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