The Kenya shilling is at record lows; interest rates are rising to crippling levels; inflation is bedevilling the common mwananchi; the IMF are back in town; everyone’s pricing in dollars. Did I just wake up in the Nyayo Nineties? We are supposed to be done with the voodoo economics of our past. The post-Kanu era […]
Read MoreI was fortunate enough to sit atop the Singapore Flyer recently – the world’s biggest observation wheel. At its apex, the Flyer is as high as a 42-storey building, and offers unparalleled views of the famous Singapore skyline, its busy port – even of neighbouring Indonesia, across the water. Being a Peculiar Kenyan, however, I […]
Read MoreI have been trying to avoid mentioning our current famine, as I thought I had written all I could about famines in the past. Clearly not, though, judging by the actions and utterances of those who ought to know better. Seven years ago, I wrote some articles on this page about famines and the right […]
Read MoreI have two degrees in economics, but I have never really known what to do with them. I never became an economist, you see – I didn’t quite grasp the arcane niceties of the subject. Or rather, I was too much of a simpleton to become an economist. Over the past few days I have […]
Read MoreLast week I asked you to think differently about Kenya’s population numbers and demographic profile. Half our population is aged under 18. Good or bad? Consider this: would you rather have the Japan problem? Japan’s population has peaked and is expected to decline for decades. That means fewer workers paying fewer taxes to support an […]
Read MoreLast week I argued that if we want Africa to be lit up, we need to worry about knowledge, not electricity. If we generate and exchange enough knowledge, the electricity (and products and services and incomes) will come, as sure as day follows night. In 1958 a gentleman called Leonard Read wrote a short, readable […]
Read MoreWhat passes for ‘news’ in this country? I want to put to you that what you are consuming is not news at all: it is pointless and irrelevant trivia. Let me start with an admission: I am spending less and less time consuming Kenyan news, and it is months since I watched a full television […]
Read MoreFor the past two weeks this column has been trying to instil some hope in you, to suggest that maybe, just maybe, things will getter better for Kenya. To end the series, let me move you smoothly to a third reason for hope in 2010: our international position. If you want to understand Kenya’s role […]
Read MoreLast week I asked Kenyans to harbour some hope in their hearts for what this next decade might bring. I suggested that 2010 might turn out to be recorded in history as the year in which we turned the corner by finally attacking, and fatally wounding, the beast we call impunity. Maybe, just maybe, we […]
Read More“FOR over a decade from the mid-1990s until 2007, Ireland’s economy grew more rapidly than any other in western Europe. Foreign investment poured in. Success at selling abroad made Ireland one of the world’s largest exporters per head. Opportunity attracted the enterprising. In less than a dozen years, a country long known for exporting its […]
Read MoreI was an angry man last weekend. The ill temper was sparked by a football match. I watched Kenya lose 2-3 to Nigeria at Kasarani, and in the process fail to qualify for both the World Cup and the Africa Cup of Nations. That in itself was not news, and should not have made me […]
Read MoreWangari Maathai is back, grabbing our attention about the damage we are doing to our collective mother, the planet. But where has she been? The good lady became inordinately quiet these past few years, ever since she dabbled in politics. She should have been banging our eardrums about the Mau Forest debacle a long time […]
Read More“After 2008, it’s understandable that the average American would be as mad as hell at America’s business leaders. Executives, even in a good year, tend to rank towards the bottom in credibility with the public…The current economic crisis provides all the ammo for a populist backlash, as you – and your portfolio – know too […]
Read More“It is easy to see that life is the cumulative effect of a handful of significant shocks. It is not so hard to identify the role of Black Swans, from your armchair (or bar stool). Go through the following exercise. Look into your own existence. Count the significant events, the technological changes, and the inventions […]
Read MoreWe are now getting very excited about the arrival of the various undersea fibre-optic communications cables in Kenya, are we not? I certainly am, probably more than most. The internet is a great tool for me: it is the medium through which I communicate most often; where I conduct most of the research I need […]
Read MoreFinance Minister Uhuru Kenyatta tells us that we are going on a national belt-tightening exercise. Government is going to cut out unnecessary foreign trips, workshops, and conferences by its leaders and functionaries; we are going to cut out all unnecessary hiring of cousins and sycophants; and we are going to suspend all spending on luxuries. […]
Read MoreThe Edge is a quarterly management knowledge journal, carried as a free pullout in the Business Daily. This Friday (20 March), The Edge will focus on the business model that drives the Kenya economy: the family firm. Please make sure you get your copy. It will contain a compendium of articles by those who study […]
Read More“Those are said to be the most expensive words in the English language, by the way: it’s different this time. You can’t have a bubble without good explanations for why it’s different this time. If everyone knew that this time wasn’t different, the market would stop going up. But the future is always uncertain—and amid […]
Read MoreJam today, jam tomorrow. Jam in the morning, jam in the evening. Jam at midday, jam at midnight. Jam in the city, jam in the suburbs. Strawberry jam on your toast, traffic jam on your road. I got out of my house in the morning to go to work earlier this week, and found a […]
Read MorePeter Drucker, widely acknowledged as the greatest management thinker of the past century, died 3 months ago. His death went largely unremarked here in Kenya; not surprisingly, as we tend to pay little attention to management – either as a concept, or as a way of doing things. Drucker was just a few days short […]
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