EMerging Equity
Anzetse Were
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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