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Kenya and the Global meltdown
extrablessed
#11 Posted : Monday, April 06, 2009 11:29:00 AM
Rank: Member

Joined: 7/28/2007
Posts: 290
Location: Nairobi
...but why is NSE index inching northwards???? whats the basis?

Life is worth living cos God planned it to be so.
jeffsmith
#12 Posted : Monday, April 06, 2009 11:32:00 AM
Rank: Member

Joined: 10/30/2008
Posts: 5
I think Africa has been one of the worst sufferers of this global meltdown.Places like Kenya are stricken by massive poverty.In a sense,I think the meltdown effects may not even have been felt because of the underlying poverty.

Gross poverty has made the condition in African countries worse.Better off and developed countries need to come forward more in assisting them.And more importantly the benefits need to 'trickle down' to the grass root people.

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Obi 1 Kanobi
#13 Posted : Monday, April 06, 2009 11:40:00 AM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
Why are kenyans so eager for the global downturn to affect us,its akin to a little child wondering why she has to shelter from the rain.

Me thinks our economy has been and will remain so battered that the effects will never be obvious to us.

We are used to losing jobs or having no economic growth.

The global meltdown will not land at JKIA and call a press conference to announce itself.

If you can't feel it then its not there,if you are feeling strained,then its there or its just the normal perennial kenya problems mainly caused by our MPigs and gava


I guess if you can't win with facts,you can always pen bile-laced,xenophobic rants to distract everyone.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
jaheim
#14 Posted : Monday, April 06, 2009 2:51:00 PM
Rank: Member

Joined: 10/11/2008
Posts: 134
@obi,you are right its a pitty that kenyans are used to the hardships while the so called MPs and govt claim to represent them are the ones laughing all the way to the bank earning untaxed hundreds of thousands. I dont see these things changing any sooner cause these problems are deeply rooted. Certainly third world countries are the worst affected cause here in the UK and also in america they came up with and economic bail out plan. They are injecting some Millions of pounds to the economy to kick start it again. But our kenya nobody expects Central bank to do that cause the govt itself is in debt in the first place. The common man really does suffer in kenya and its all cause of the rogue politicians we do have who dont know what they are doing in the first place. Everytime i'm saddened by the whole thing cause the common man is having it rough in every corner. This is because Politics is life,politics does affect everything from education,food,medication yani kila kitu. But with these Greedy guys up there nothing is changing cause all they do is fill their bellies and its getting worse by the day.

Jay
Tusker Baridi
#15 Posted : Tuesday, April 07, 2009 1:09:00 AM
Rank: Member

Joined: 12/9/2006
Posts: 186
One saving grace for our economy is the stimulus package from the Somali pirates,the injection of the loot from these pirates is doing our economy wonders. we should support our Somali brothers rather than condemn them,and we should make sure Somalia remains a failed state lest all this loot relocates to Mogadishu.
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