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IS AFRICA THE NEXT SUPERPOWER? https://kiborbundotich.wordpress.com/2020/10/16/is-africa-the-next-superpower/
Here is a controversial belief; Africa will in the coming decades rival China and other superpower countries to become a superpower continent. I know you find that an interesting thought.
That is hope, although that is good we honestly and frankly MUST do some few things to make that a reality.
First let’s talk facts; the African population is growing spontaneously and it is predicted by the UN population Division Wittgenstein Centre that come the year 2100, that is a Century from now, the African population will double, this means in the coming decades one out of…
…three people in the whole world is African.
Similarly quite a number of countries in Africa have registered an immense and impressive growth in economy; Rwanda for instance with 8.7%, Ethiopia and Tanzania with 7.4% and 6.8% respectively, the whole continent registering a 3.4% growth.
Africa is the host of top ten fastest growing economies in the whole world.
East Africa is famous for being home of the most beautiful and attractive wildlife in the whole globe, intriguing physical features and a favorable climate also, this attracts a huge number of people from all over the place, with tourism being a key booster and backbone of…
…economies in many African countries Africa should benefit immensely from this natural resources by tapping revenue from the same.
Right now for the first time in a long time Most African countries are investing in infrastructure, something which is pretty commendable, it is with good infrastructure that a good basis and background of economies is found, Billions of money have been poured in infrastructure…
…projects, 6000MW dam which began in 2011 was built in Egypt, this will be the largest Hydroelectric dam in the whole continent of Africa.
It Is much easier to do business in Africa than most other continents in the world, the ease of doing business is directly proportional to the number of investors willing to run business in Africa, this in turn shall automatically boost the economies, slowly turning it to a…
…powerhouse.
Africa can rival china by focusing her time and resources in beefing up economies, growing them, from bottom up to the top and not from up, from the top to the lower bottom.
The backbone of our economies is on the small traders and small enterprises and not business in prestigious streets and hoods, NO.
This is the only continent which its occupants can never go hungry, at the same time it is one of the continents which is struck by hunger more frequently.
A large surface area of this continent has an amazing climate favoring all manner of agricultural activities for all seasons.
In Kenya for instance out of all the 47 counties 95% has rain all through the year, but hunger still strikes the 5%, there lacks a framework for the 95% to feed the 5%, before we grow into a powerhouse, stomachs must be filled with good, healthy food not just food.
One most fulfilling way to building economies is investing in the Manufacturing sector.
The manufacturing sector is about production, addition this for instance Japan are so much depending on manufacturing to maintain their economy they are the biggest manufactures of cars, India are the biggest manufactures of Medicine, they draw their wealth through exports.
Here in Africa we shall need to rethink on maximizing and using our readily available resources to build and manufacture, to increase dependence on us by other countries and reduce on how much we depend on others, we reduce the rate of borrowing loans and build our own foreign…
…reserves.
Because when we produce more than we consume it is the start and the way of creating wealth, when we consume more than we produce it is the shortcut to debts, poverty and slavery.
Because when we produce more than we consume it is the start and the way of creating wealth, when we consume more than we produce it is the shortcut to debts, poverty and slavery.
Here is another disease ---Employment, so many young and energetic men and women are obsessed with the need for employment ---Comfort.
I am not against one being employed I too want many employment opportunities, but listen, Government cannot create 1 million jobs every year, at least not at this time, I am however so impressed by the step to promote TVET institutions to instill skills to the young people,…
…now, let us not sit waiting for employment when we can instead ask the same government to help us use the skills we’ve acquired by being innovative in the society and with this starts a huge manufacturing industry.
For instance someone with a skill in welding may at any time focus on how he/she shall open his own workshop and use appropriately the skills, money is money and manufacturing, I repeat, is the way to go.
Never have a sick man been productive, despite being a stoic, one whose daily affirmation is that sickness is for the body and not for the mind, sooner or later with sickness the mind will be let down.
Health is driver of economic prosperity; where there is no health there is no economy, illness stifle production, consumption, travel and overall well-being.
And so for our continent, to rise to the top of the table, we need to focus again on healthcare, but allow me to say this, we do not necessarily need a level five hospital in every sub county or huge hospitals with many ICU beds, No, we need to focus on community healthcare,…
…again from the bottom to the top. And if we manage them by focusing on the source we shall not in fact encounter the result, and we shall need not huge hospitals.
Infectious diseases can be managed at the lowest level, while infectious diseases may strike a nation as an endemic it has adverse effects on the economies. For example the Cholera outbreak in 1854 which struck London killing 500+ people within 10 days.
As Africa for us to be an economic success story in the coming decades, because it is always possible, if we throw our weight in chatting our way up the ladder by being more pragmatic, by working creatively with our available natural resources, by upholding civil liberties and…
…the rule of law and basing achievements and opportunities on merit and character over affiliations, blood relation and how much I know you.
Botswana is a good example and a case study when talking about the potential of Africa rising into being a center of success when it comes to economy being the fastest growing economy.
Botswana attained her independence in the 60s from the British, Sir Seretse Khama as the first president, by then the country had no single institution of higher learning, people were illiterate, the government focused on working creatively with natural resources, the…
…Government used the available minerals like diamond to negotiate with the European Union for trade deals which in turn enabled Botswana export her products easily including the mines, inviting foreign investors into the country, and even the government buying up to 50% of…
…shares from the foreign mining companies, by being practical instead of being ideological, he upheld civil liberties and the rule of law.
Botswana is one of the few countries which have since legalized same sex marriage, this I appreciate not the moral degradation but the ability to challenge the status quo is an indicator that the young people of Botswana have been exposed; such weird actions are just but…
…repercussions of exposure and proper education, they can be managed. Khama was not a man of ideologies but pragmatism.
Under his leadership he prioritized competence over race and affiliations when it comes to civil service, Merit and character were the factors to consider in determining achievement and opportunity.
By 1970 Botswana government was running at a budget surplus, up from being the second poorest country in the world at independence.
As Africa for us to be an economic success story in the coming decades, because it is always possible, if we throw our weight in charting our way up the ladder by being more pragmatic, by working creatively with our available natural resources, by upholding civil liberties and…
…the rule of law and basing achievements and opportunities on merit and character over affiliations, blood relation and how much I know you.
“Would it have mattered to Africa that I lived? Ask yourself what you can do to contribute - even in small ways” Acha Leke (Director at Mckinsley & Company.
The Writer is a Law and Economics enthusiast and can be found on email: [email protected]
This thread can be read here: https://kiborbundotich.wordpress.com/2020/10/16/is-africa-the-next-superpower/
