Wazua
»
Investor
»
Economy
»
Kenya Economy Watch
Rank: Veteran Joined: 12/4/2009 Posts: 1,982 Location: matano manne
|
kripp wrote:@mwekez@ji on Balala's move, this is precisely why Africa remains poor. I cannot understand why we would want to give away our NATURAL RESOURCES so easily and cheaply? As mwalimu Nyerere is quoted to have once said, "these resources are not going anywhere" so why the rush to do an unfavourable deal?
What we in Kenya should do with our natural resources (Minerals, Oil&Gas,Land, Fishing etc) is to have a constitutional law that prohibits a foreigner from holding a majority stake in our natural resource. This is the norm in the oil producing Middle East countries and I believe also in the neighbouring North and South Sudan.
We should then only enter into joint ventures with foreign companies for the sake of technology transfer. Financing should be a separate issue because that can always be arranged separately.
Finally, why are we still exporting raw materials? we are losing so much value and jobs in the process. . Couldn't say it better.
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
mwekez@ji wrote:
@kripp
1. We are not giving away our natural resources. we are encouraging investment leading to their exploitation. there are revenue sharing agreements to ensure the country and the community benefits.
2. Locals are not being locked out from the mineral exploitation. They can still participate via 100% locally owned companies or in collaboration with foreign investors
3. Mwalimu Julius Nyerere implemented socialist economic programme (ujamaa) which had many downsides. Am sure you dont want ujamaa for our dear country.
4. On exporting raw materials, i agree, we should not do that. value addition ni kitu muhimu
cc @Rahatupu
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
mwekez@ji wrote:Suspension of mining firms' shareholding rule timely The decision by former minister, Ali Mwakwere, to introduce the 35 per cent local shareholding threshold for foreign mining companies, was clearly ill- thought out and arbitrary. Investor interest in the mining industry in Kenya is at an all-time -high. But the truth of the matter is that Kenya has had little mineral production beyond soda ash, fluorspar, small-scale gold and cement. We need laws which will facilitate growth in this sector. cc @Rahatupu
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
"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
.
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
Kenya sets up fund to manage mineral wealth
Kenya is moving to secure its newly discovered mineral wealth with the setting up of a sovereign fund that will hold the industry’s proceeds in trust for investment in other sectors of the economy. A draft law, which is being enacted to bring the mining sector in line with the Constitution, proposes that money in the Sovereign Fund be used to cushion the economy against shocks associated with sudden massive forex inflows and to store wealth for future generations. The revised Mining Bill 2013 has been submitted to the Attorney-General for scrutiny. ... The Bill shows that the State has now officially dropped the requirement that foreign miners cede 35 per cent stake in their ventures to local private interests and is instead moving to form its own company to hold shares in all local and foreign mining firms. National Mining Corporation will take shares for no consideration and will not share in the debts of the firms.
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
Kenya's Population to Hit 160 Million in 2100
If you think the traffic in Nairobi is bad now, wait until 2100. According to the UN's latest Word Population Prospects report, Kenya will grow from 44 million in 2013 to 160 million in 2100. The report, released June 13, projects the global population to soar to 11 billion by the end of the century. For those following population trends, the report may come as a surprise. The last UN population report in 2010 projected a world population of 10 billion by the year 2100. The numbers were revised to reflect higher fertility rates and increased life expectancy in many developing nations. The most startling figures emerge from Africa, where three quarters of the growth takes place. By 2100, Africa's population is expected to reach 4.1 billion people. That would equal more than a third of the total population.
Four African nations will contribute the majority of growth: Nigeria, Uganda, Tanzania and the Democratic Republic of Congo.
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
Kenya Seeks New Tourism Market in Morroco
"Kenya is a new exotic destination for Moroccan travelers with a really big potential. Every Morrocan dream is to go on a safari...it is considered the rich man travel," said Kenyan Consul to Morrocco Ali Bajaber. The consulate to Morocco, Kenya Tourism Board, Kenya Association of Tour Operators and Kenya Association of Hotelkeepers & Caterers just concluded a expo in Casablanca aimed at marketing Kenya.
|
|
|
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
|
mwekez@ji wrote:Kenya's Population to Hit 160 Million in 2100
If you think the traffic in Nairobi is bad now, wait until 2100. According to the UN's latest Word Population Prospects report, Kenya will grow from 44 million in 2013 to 160 million in 2100. The report, released June 13, projects the global population to soar to 11 billion by the end of the century. For those following population trends, the report may come as a surprise. The last UN population report in 2010 projected a world population of 10 billion by the year 2100. The numbers were revised to reflect higher fertility rates and increased life expectancy in many developing nations. The most startling figures emerge from Africa, where three quarters of the growth takes place. By 2100, Africa's population is expected to reach 4.1 billion people. That would equal more than a third of the total population.
Four African nations will contribute the majority of growth: Nigeria, Uganda, Tanzania and the Democratic Republic of Congo. No need to worry about the traffic, mate. I reckon teleportation will be the main form of transportaion in 2100;-) GOD BLESS YOUR LIFE
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
youcan'tstopusnow wrote:mwekez@ji wrote:Kenya's Population to Hit 160 Million in 2100
If you think the traffic in Nairobi is bad now, wait until 2100. According to the UN's latest Word Population Prospects report, Kenya will grow from 44 million in 2013 to 160 million in 2100. The report, released June 13, projects the global population to soar to 11 billion by the end of the century. For those following population trends, the report may come as a surprise. The last UN population report in 2010 projected a world population of 10 billion by the year 2100. The numbers were revised to reflect higher fertility rates and increased life expectancy in many developing nations. The most startling figures emerge from Africa, where three quarters of the growth takes place. By 2100, Africa's population is expected to reach 4.1 billion people. That would equal more than a third of the total population.
Four African nations will contribute the majority of growth: Nigeria, Uganda, Tanzania and the Democratic Republic of Congo. No need to worry about the traffic, mate. I reckon teleportation will be the main form of transportaion in 2100;-)  teleportation #interesting
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
AFC set to become a farmers’ bankThe Agricultural Finance Corporation (AFC) will be converted into a bank in a raft of measures aimed at helping subsistent farmers upgrade to commercial farming. President Uhuru Kenyatta said the move away from subsistence farming through adoption of new technologies would promote value addition. “Through the development of a vibrant agro-based industry, we shall not only ensure food security but also attain and sustain double-digit economic growth rates,” Mr Kenyatta said when he opened the Nakuru ASK show on Friday. Among the incentives would be the conversion of AFC into a farmers bank to facilitate affordable credit, provision of market information and streamlining of farmers cooperatives. He said new technologies would transform farmers from producers of primary raw materials to makers of final products for the domestic and export market.
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
Quote:Kenya raked in Ksh68 billion ($800 million) in new investments in the three months to June, signalling renewed optimism over growth. The EastAfrican"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
.
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
NSE half year turnover hits $852 million, shrugs QE fears Quote:The value of shares traded at the Nairobi Securities Exchange (NSE) jumped by almost 12 times in the first six months of this year on account of a sharp rise of prices and volumes traded at the bourse.
Investors bought and sold shares worth Ksh73.28 billion ($852.1 million) between the beginning of January and end of June this year compared to Ksh6.21 billion ($73.7 million) traded over the same period last year. The East African"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
.
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
If the commodity revenues are well managed, Nairobi county 40 billion annual revenues by 2017 will look very trivial!? $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
Port boss faces the sack if he fails to fight graft and boost efficiency LQTM ... “We told the managing director that we have given you this authority; this is your undated letter of sacking. Just go and put the date,” Mr Kamau told the Senate Committee on Energy and Transport at the Kenyatta International Conference Centre. http://www.nation.co.ke/Countie...4/-/15j7xbq/-/index.html
|
|
|
Rank: Member Joined: 8/16/2012 Posts: 660
|
Live and learn; and don’t forget, nothing ventured, nothing gained.
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
Kenya Says Sovereign Bond Won’t Hinder Efforts to Control Debt http://www.bloomberg.com/news/2...rts-to-control-debt.html
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
|
|
|
Rank: Elder Joined: 3/19/2013 Posts: 2,552
|
safaricom and google maps plays well with smartphones.e/m-commerce looking promising.paybill just screams tax revenue from the informal sector.
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
|
|
|
Rank: Chief Joined: 5/31/2011 Posts: 5,121
|
|
|
|
Wazua
»
Investor
»
Economy
»
Kenya Economy Watch
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|