Africa resists financial hurricane

Africa is resisting the financial crisis that has been affecting Western and Asian markets.

“In Togo we are not dealing with the crisis”, says T. Gnasosounou of Cauris Investissement. His understanding of the current crisis is that there is much liquidity in the West but ‘bankers don’t know how to use this money’, while ‘in Africa it’s the opposite’.


“The crisis is not affecting us at all”, adds F. Swai of Akiba Commercial Bank in Tanzania. She explains that this immunity comes from the fact that none of the collapsed or collapsing banks have no chapters in her country. However, she adds, the Central Bank of Tanzania is consulting with commercial banks to strengthen regulations.

For the time being, Africa seems to be on the safer side, but one should wonder if this will last long.

Click to expand...

By Olivier Nyirubugara, The Hague, The Netherlands

Wishful thinking!

Invisible,
Hata huku Vichochoroni Sikonge hili tatizo halipo. Watu wengi hununua vitu kwa pesa CASH. Mikopo ilianza kuwa maarufu juzijuzi na watu wote wanaokopa na kushindwa kulipa hata kama ni shill. laki moja basi unawekwa kwenye list ya watu wasioaminika kupewa mkopo. Hapo kila sehemu ukigonga hodi ni kwamba unakuwa umefungiwa.

KWa nchi za Africa, benki nyingi zimekuwa tangu zamani zikiweka sheria za kufa mtu. Sasa matokeo yake ni kuwa wana CASH nyingi sana (ki uwezo wa banki). Hili tatizo linakumba wale tu hawana CASH. Ndiyo maana akina Citibank na watu kama Warren Edward Buffett kwa sasa wako busy wakinunua kwa bei poa kabisa midondo ya banki. Benki hizo ingelikuwa mwezi jana wangelizinunua kwa bei juu sana. Kama Africa ingelikuwa well organised na sisi tungeliingia kununua hisa za midondo hiyo kwa Cash tulizonazo ingawa hii inakuwa ni kucheza karata.