ODONGO KODONGO: States have a role to play to help Africa’s struggling capital markets

Continent’s economic take-off remains a mirage given the close relationship between financial development and growthA commuter train leaves the Donholm station in Nairobi, Kenya, on this January 11 2022 file photo. Picture: REUTERS/MONICAH MWANGI

To give another example, Kenya’s total budget for the 2021/2022 fiscal year was 3-trillion Kenyan shillings, about $27bn at the current exchange rate. Apple’s shareholders could thus finance Kenya’s annual budget 100 times over. Yet, “poor” Kenya cannot afford it andThe situation is much worse for smaller economies in Africa and pretty bad for the region as a whole: at, the purchasing power parity -adjusted GDP for the 46 countries in Sub-Saharan Africa put together is only about 1.

This suboptimal performance relative to Africa’s natural resource endowment can be attributed to many things, including financial development.

To make it all easy to your understanding,, it's based on investment whereby you're given the opportunity to make investment with a minimum amount and you get returns from a weekly trade carried out in the platform... ASK ME HOW

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Former Kaizer Chiefs Player Hoping Nkosingiphile Ngcobo Can Get More Game TimeNkosingiphile Ngcobo will have a big role to play in Kaizer Chiefs' push to finish in one of the CAF club competition spots at the end of the season, according to a former Amakhosi player. SLSiya Read more: 😂😂😂😂😂😂 You guys clearly don't know sir Baxter.
Source: Soccer_Laduma - 🏆 22. / 63 Read more »

Communities urged to play active role in curbing Eskom infrastructure vandalism | WitnessEskom has encouraged members of the public to play an active role in curbing infrastructure vandalism and illegal connections. | WitnessKZN WitnessKZN I've applied for electricity since April last year and am still waiting for them to come. I don't blame people who do illegal connections eskom employees don't do their work
Source: News24 - 🏆 4. / 80 Read more »

Big business offers to help prosecutors pursue state capture culpritsCorporate SA is offering the National Prosecuting Authority additional resources to pursue people and entities named in the state capture inquiry report. Hahahahahahah which big business like Steinhoff? IOL insightfactor come this That is also state capture. Those are the donors of CR17BankStatements disguised as businesses and currently milking the state. Yes they are welcome
Source: SowetanLIVE - 🏆 13. / 63 Read more »

6 schools in South Africa charge over R300,000 a yearPrivate schools in South Africa have hiked fees for 2022, with many aiming to recover losses from a fee-freeze in 2021, to help parents cope with the Covid-19 pandemic.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Khanyi Mbau as Zah on 'The Wife' is a total hit'I just knew Khanyi Mbau would murder this role' To make it all easy to your understanding,, it's based on investment whereby you're given the opportunity to make investment with a minimum amount and you get returns from a weekly trade carried out in the platform... ASK ME HOW I'm sharing this because this was exactly how I saw so many posts about Alfred Wakeford and how he’s helping individuals with their BITCOIN or Forex trades and I decided to give it a try and luckly it went well, Contact him via his profile link below 👇👇 Alfrednwake please listen, like, and share. Thanks in advance
Source: TimesLIVE - 🏆 28. / 59 Read more »

Refereeing chaos tarnishes image of Africa Cup of Nations[ANALYSIS] Refereeing chaos tarnishes image of Africa Cup of Nations Corruption even on time no thats too much Just because of one incident? How many mistakes have been committed by referees in European competitions. Top class referees also make mistakes. CAF_Online is doing very well. AloisBunjira14 yvonnemangunda SportsWritersZW FIFAcom So only now we pay attention to bad referees ?
Source: eNCA - 🏆 49. / 51 Read more »