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Dead Capital: by Bitange Ndemo
Rank: Chief Joined: 5/9/2007 Posts: 13,095
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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We live for society... possunt quia posse videntur
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Rank: Elder Joined: 10/4/2006 Posts: 13,821 Location: Nairobi
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this is great! these are some of the social/cultural issues that we need to fix. life is for the living bwana! think about it... why do people fly in corpses from the abroad? the corpse will not help anyone! let's focus on the living - the ones that died are no good to anyone. All Mushrooms are edible! Some Mushroom are only edible ONCE!
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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I like his hard hit on our mentality. We prefer "clean jobs" paying less to "dirty jobs" paying more. 
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Awesome read "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: New-farer Joined: 10/2/2012 Posts: 21
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http://motherboard.vice....test-train-in-the-world
Kisii is 308km from Nairobi and if we would stop all this corruption and wastage in government, with the right investment we would be in Kisii from Nairobi in 30 mins!!!! Money is like manure. You have to spread it around or it smells. ~ J. Paul Getty
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Rank: Elder Joined: 10/9/2008 Posts: 5,389
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C&P
Of what sense is it when someone puts up a KSh20million home in a rural area only for the relatives to raise money to pay school fees for children after his death? These are houses that no one will buy, sell or rent because graves dot the home. What is the value of culture?
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Rank: Member Joined: 6/15/2010 Posts: 126
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Very good article. I didn't know that he lectures. Good use of his experience and brains "The trouble with not having a goal is that you can spend your life running up and down the field and never score". - Bill Copeland
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Rank: Member Joined: 4/20/2012 Posts: 888
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jaggernaut wrote:C&P
Of what sense is it when someone puts up a KSh20million home in a rural area only for the relatives to raise money to pay school fees for children after his death? These are houses that no one will buy, sell or rent because graves dot the home. What is the value of culture? Good point. Dead Capital. True. The only challenge is that those that hold culture so dearly cannot be educated. 
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Rank: Elder Joined: 11/28/2006 Posts: 1,799
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Have been to his rural house and its true he has only used it about 2 times as confirmed by the caretaker.... big house unused and with all the modern luxury... maize harvested is kept in one of the rooms...
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Rank: Elder Joined: 10/9/2008 Posts: 5,389
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chemos wrote:Have been to his rural house and its true he has only used it about 2 times as confirmed by the caretaker.... big house unused and with all the modern luxury... maize harvested is kept in one of the rooms... If only he had built it in Nairobi (like Miguna did in Runda), he would be living in it or collecting rent, instead of the current situation whereby he has to pay someone to maintain it, and is using it as a maize store.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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He can rent to a school principal! The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 5/21/2013 Posts: 2,841 Location: Here
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Quote:Our culture must be looked at from a future sustainability point of view. We must plan for the future generations by provisioning land for agriculture and build communities around urban set ups with proper property rights. Property that can be useful now and in the days to come and is transferrable. Hernando de Soto said, “When you look at 19th century America or 18th and 16th century Europe, all of a sudden it’ll become clearer that … the thing that broke the back of poverty and privilege in developed countries in the past was when property rights came around and destroyed feudal title.” This therefore will mean that we do away with much of the current cultural practices on land. Create a common cemetery and all other common infrastructure. Hicho ni kibarua kikubwa! Life is like playing a violin solo in public and learning the instrument as one goes on.
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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Rankaz13 wrote:Quote:Our culture must be looked at from a future sustainability point of view. We must plan for the future generations by provisioning land for agriculture and build communities around urban set ups with proper property rights. Property that can be useful now and in the days to come and is transferrable. Hernando de Soto said, “When you look at 19th century America or 18th and 16th century Europe, all of a sudden it’ll become clearer that … the thing that broke the back of poverty and privilege in developed countries in the past was when property rights came around and destroyed feudal title.” This therefore will mean that we do away with much of the current cultural practices on land. Create a common cemetery and all other common infrastructure. Hicho ni kibarua kikubwa! I know. Ati so n so walitupa mtu wao. Lol
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Rank: Elder Joined: 5/21/2013 Posts: 2,841 Location: Here
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washiku wrote:Rankaz13 wrote:Quote:Our culture must be looked at from a future sustainability point of view. We must plan for the future generations by provisioning land for agriculture and build communities around urban set ups with proper property rights. Property that can be useful now and in the days to come and is transferrable. Hernando de Soto said, “When you look at 19th century America or 18th and 16th century Europe, all of a sudden it’ll become clearer that … the thing that broke the back of poverty and privilege in developed countries in the past was when property rights came around and destroyed feudal title.” This therefore will mean that we do away with much of the current cultural practices on land. Create a common cemetery and all other common infrastructure. Hicho ni kibarua kikubwa! I know. Ati so n so walitupa mtu wao. Lol Exactment!! Life is like playing a violin solo in public and learning the instrument as one goes on.
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Rank: New-farer Joined: 9/24/2012 Posts: 63
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In the meantime before 'we' stop, it would be wise to heed Ndemo's advice. Personally i have seen the reason to build a mansion at the rural home, it's even worse when every brother put up a house yet the only visit during the December holidays. Above all, guard your heart, for it is the wellspring of life.
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Rank: Member Joined: 4/2/2011 Posts: 629 Location: Nai
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I read Bitange's article with a lot of interest and agreed with many of his arguments. However, many Africans who have lived outside the motherland will also tell you that they have been to places and lands that have no 'soul'. What they mean is that they don't feel grounded spiritually in those lands. Our ancestors connect us to the soil hence the urge by most Africans to build at their 'nyalgunga'
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Rank: Veteran Joined: 1/4/2010 Posts: 1,668 Location: nairobi
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Very interesting writing by Dr Ndemo. Most Kenyans who can afford savings of around kes 1m usually end up buying land far way from nairobi in sinya, kajiado, kangundo etc . This land can not be used to contruct houses to live in since its too far from nairobi. The land cant be developed into rentals since there is no one to rent it. The kes 1m therefore becomes dead capital. This money could have been used in better real estate ventures such as this one here http://www.a4architect.c...joint-investment/page/4/As Iron Sharpens Iron, So one Man Sharpens Another.
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Rank: Veteran Joined: 12/23/2010 Posts: 1,229
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I have also never understood the logic of building a house upcountry then continuing to pay rent in town. Wasted capital
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Dead Capital: by Bitange Ndemo
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