Essential The Africa the Media Doesn't Tell You About
- Thread starter TommyHilltrigga
- Start date
Closer races in SA than some expected. ANC days are looking numbered if Cyril’s term (if he wins) isn’t up to par.
I'm surprised the elections haven't been getting much attention on here and yea the ANC days does look numbered just like the ruling party of Angola.
Truth be told, yes, South Africa is Africa's most developed nation, but in many ways it's story if very different than that of the rest of Africa.
When I went down to SA last year I met this one real estate developer that summarized it in this sentence:
"South Africa is a foreign nation on the African continent". South Africa's history makes it very very different from the rest of Africa. I think people dream of South Africa, but always kind of see it as the "other African" nation. It's a black MAJORITY nation not a black nation. Big difference.
Hence why we look to the Nigerias, Ghanas, Kenyas of the world. The Black nations that really have to get it out the mud so to speak.
That's my two cents, but I could be very wrong.
I have that same exact view of South Africa. lol.
Yea man. I still love the place. One of the most unique places I've ever been. Can't wait for my next trip.
South Africa just so damn expensive flying from Newark/JFK.
The good Dr's figures never add up! Nikka said Tz would catch up with our GDP by 2021. Not happening we're still 50% above them in GDP per capita. The forecast Sh10.1 trillion economy would raise the country’s GDP per capita (per person) by 9.2 per cent to Sh205,408 compared to last year’s Sh188,099.
https://www.businessdailyafrica.com...n-this-year/539546-5072338-58942lz/index.html
He also said our SGR would never pay for itself while its doing 5 trips daily when that rate had been forecast by the Chinese for 2023,IIRC. Even on our family group we post this nikka only for laughs!
The Odum of Ala Igbo
Hail Biafra!
What you’ve pointed out doesn’t address the crux of his narrative. Which is, Kenya has unsustainable debt and will soon have to choose between crippling austerity, a bailout or default in 5-10 years.
Do you agree? If not, drop some macroeconomic wisdom mzee
Yeah we don't take him seriously on my side either. Kenya will be fine. Everyone wants to forecast our demise
Secure Da Bag
Veteran
So this is the ANC's answer to the EFF.
That woman is too big. I know the African women are thick or thick-thick. But that's unhealthy.
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reasonable_doubter
Banned
I can't do a school level write up but here goes.The trouble is the NOISE! Figures are bandied about with complete abandon:"We're getting poorer and poorer/there are no jobs," etc,etc but those are the screams of professional idlers! Our macroeconomics are improving all the time-GDP has grown tremendously since 2003 when it was 420$. Now its 2000$. Our real unemployment rate:Still, this puts Kenya’s unemployment rate at 7.4 per cent, a significant departure from a high of 40 per cent that has been bandied around
The shame of jobless Kenyans : The Standard
Also short term our growth should continue:
NAIROBI, October 11, 2018 — Kenya’s real gross domestic product (GDP) growth is projected to rise to 5.7% in 2018—up from 4.9% in 2017—and continue to increase steadily to 5.8% in 2019, and 6.0% in 2020, according to the World Bank’s 18thKenya Economic Update (KEU).
Kenya’s Economy Poised to Rebound in 2018 and Remain Robust through 2020
I'm trying to get a copy of the World Bank Human Capital Index 2018,a measure of potential human capacity based on education and health-AAARRGGHH,I can't find it! Try this:Human Capital .
We're joint first along with Algeria-Naij and RSA were shockingly down the list but it shows we can hopefully avoid the middle income nation trap with education giving us new skills for an increasingly digitalised world. This is crucial in sustaining our growth rate which should propel our present GDP per capita to todays RSA level of roughly 10,000$ by 2032 latest.
On the surface our debt of 54 bn$ is a problem but the growing economy allows room for more debt. Tbh,the tax/GDP ratio of 19% is low and ideally should be at least 22 bn%.
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