Anzetse Were

I'm an optimistic cynic. Born in Africa, raised all over the world, I have a passion to see Africa take its rightful place in the world. Long weary of the Africa bashing, continental character assassination and negative branding I am determined to ask: What can Africa do right particularly with regards to economic development? Most of my pieces will be on Africa's economies. Some pieces will be more formal than others but the guiding thrust is to become one of the growing voices that believe in Africa...We're here to stay. Follow me on twitter: @anzetse
Anzetse Were has written 34 posts for EMerging Equity

Kenya: Why The Recalibration Of The Banking Sector Is Good

By Anzetse Were Kenyans have been shaken by the number of bank closures over the past few months. The first was Dubai Bank in August 2015, Imperial Bank in October 2015 and more recently Chase Bank. Kenya’s most recent story in the banking sector from a development point of view was how it expanded financial … Continue reading

Why The Panama Papers Are So Important For Africa

By Anzetse Were Last week a huge leak of confidential documents detailed how the wealthy and powerful use tax havens to hide their wealth. Eleven million documents leaked from Panamanian law firm Mossack Fonseca, were passed to German newspaper Suddeutsche Zeitung, which then shared them with the International Consortium of Investigative Journalists. One of the … Continue reading

Renewable Energy: A Bright Spot For Africa

By Anzetse Were As the world begins to respond to the reality of climate change, generating renewable energy has become an important component of managing the issue. Indeed, the amount of money committed to renewable energy investment totalled $286 billion last year, up 5 percent from $273 billion in 2014. Interestingly the part of the … Continue reading

Africa: The Welfare Conundrum

By Anzetse Were As African economies continue to grow and become richer than they have been in modern history, the question of government providing social security or welfare nets for the especially poor and marginalised becomes important. Poverty levels are still dire on the continent; the number of Africans living in extreme poverty, defined as … Continue reading

How Important Are Services To Economic Growth In Kenya?

By Anzetse Were A report by the Overseas Development Institute (ODI) analyses four services sectors in Kenya to determine the role of services in economic growth. The four sectors analysed are the financial sector, IT services, transport services and tourism services. The report argues that services are becoming increasingly important, even for non-industrialised countries such … Continue reading

The Kenyan Economy Continues To Exhibit Key Weaknesses That Must Be Addressed

By Anzetse Were On Tuesday last week the World Bank launched the Kenya Country Economic Memorandum with the theme ‘From Growth to Jobs & Prosperity’. Apurva Sanghi Lead Economist and Program Leader at the Bank made three core points during his presentation. The first is that economic growth in Kenya is volatile, non-inclusive and marked … Continue reading

How Africa Can Benefit From China’s Slowdown And Reorientation

By Anzetse Were An analyst with the Brookings Institution made an important point during a podcast recently; China will shed 85 million jobs at the bottom end of the manufacturing sector between now and 2030. So naturally the question becomes: where will they go? The analyst made the point that at the moment most of … Continue reading

The Importance Of Africa’s Informal Economy

By Anzetse Were It is well known that in Africa there exist two types of economies: the formal and the informal. Often the general assumption is that the formal economy is the more important of the two, and often it is the formal sector which gains attention in terms of policy formulation, development strategies and … Continue reading

The Implications Of The Digital Revolution For Africa

By Anzetse Were Last week the World Bank released their World Development Report (WDR) that focused on the digital revolution and how it has allowed some to reap digital dividends. These dividends are growth for businesses, job creation for people and better service delivery by government. Further digital technologies have supported development by promoting innovation, … Continue reading

The Problem With The Supplementary Budget In Kenya

By Anzetse Were Earlier this month the government drafted a supplementary budget that indicated changes in budget allocations. The general direction of the change was in cutting expenditure significantly. Development expenditure will be cut by over KES 70 billion, recurrent expenditure by KES 23 billion, local borrowing by KES 53.2 billion and tax revenue by … Continue reading

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