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Zimbabwe needs international Community
The recent Monetary Statement by the Reserve Bank of Zimbabwe revealed the relaxation of the foreign exchange market aimed at floating the Zimbabwe Dollar. This represents one step in the right direction only if backed by an active and aggressive growth of export revenues. This is urgent given that a floating currency not backed by exports leaves the currency exposed to wild speculative attacks. Zimbabwe needs to take immediate steps to reclaim its position in the international Trade arena which is the exchange of goods and services across national borders. In most countries, it represents a significant part of National Output. While international trade has been present throughout much of history its economic, social, and political importance have increased in recent centuries, mainly because of Industrialisation, advanced transportation, globalisation, multinational corporations, and outsourcing. In fact, it is probably the increasing prevalence of international trade that is usually meant by the term "globalization".
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Africa's case of the Gift and the Curse PDF Print E-mail
Monday, 17 August 2009

As the battle for control of Global natural resources reaches new height in the modern world it is interesting to note that Africa remains challenged in terms of developing an effective strategy to exploit its own resources. At the heart of the problem is transparency and inequitable distribution of the wealth derived from Africa’s vast wealth. Some have referred to Africa’s natural wealth as the gift and the curse.

The continent’s wealth has been the gift that could uplift the continent from poverty, but it has been a curse in as much it has brought wars, corruption and other ills associated with wealthy looting and exploitation. The control of Africa’s wealth has attracted untold suffering for some of its Citizens who have become victims instead of beneficiaries.

The list of countries that have been totally devastated and remain poor despite unmatched natural wealth is rather long. This conflict is normally driven by a few who have control of the wealth and do not feel the need to properly re-invest the wealth within the communities where the wealth originally resides.

In the Nigerian Delta oil centered conflict has been raging on, in the Democratic Republic of Congo (DRC) war has been going on, same in the Sudan ,Angola and several other nations .Liberia and Sierra Leone went through horrible times fueled by blood diamond money.

Closer to home Zimbabwe’s Chiadzwa diamonds have now joined the infamous league of blood diamonds due to the horrible treatment which the locals are going through at the hands of the security services on the instruction of a few powerful men. Zimbabwe has been going through a low intensity conflict centered on diamonds and other natural resources. This need not be.

Despite being home to what is reportedly the second biggest diamond reserves in Africa ,Chiadzwa remains an impoverished village whose inhabitants are haunted by those with the means. This has been Africa’s tragedy. The lack of will to be accountable with natural wealth. This lack of transparency breeds poverty as a few seek to hideously exploit this wealth and nothing much is re invested in the area and country of origin.

This brings us to the recent flurry of American diplomacy on the African continent .The last 2 months have been an very interesting period especially with regards to the relationship between Africa and the United States. Prime Minister Tsvangirai became the first African leader to meet President Barrack Obama at the White house. Given Zimbabwe’s rocky relationship with the USA this was meant to indicate that America is watching both Zimbabwe and Africa with a view to make Africans more of the owners of their destiny rather than blame third parties endlessly.

President Obama then followed up with a visit to several African states during which he highlighted the need for Africa to start looking inwards, look within it self for solutions. Secretary of State Hillary Clinton then followed up with a similar “tough love” message for Africa and Africans to accept ownership of their destiny and act accordingly. This appears obvious but it has far reaching implications for the continent should African Citizens act with a new sense of hope, pride and responsibility for their own destiny.

The central theme to all this is self belief and positive attitude about accountability and transparency in handling public affairs and national resources. It is critical that the continent develop and believes in its own brand based on transparency, accountability and self belief that we indeed are masters of our destiny. Once you accept that you are the master of your destiny then you can not blame “detractors” for your short comings.


This article appears courtsey of GMRI CAPITAL - http://www.gmricapital.com/

Gilbert Muponda is a Co-Founder of 3MG Media . He can be reached at - http://www.zimface.com/

Email: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it . Skype ID: gilbert.Muponda

Twitter ; http://twitter.com/gmricapital

 
William Nyemba - Enhancing the African Entrepreneur Brand PDF Print E-mail
Friday, 24 July 2009

Entrepreneurship is often difficult , tricky and challenging, resulting in many new enterprises and ventures failing early in their life. The success of William Nyemba's various ventures make him an outstanding example of a worth nominee  for a 5,000 Point of Light Award. The mere fact of starting a venture indicates a strong will to make a difference and impact the world which one inherits in an attempt to ensure that future generations inherit a richer and better tomorrow.

 

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Zimbabwe needs to stick to the basics of Public Finance PDF Print E-mail
Monday, 18 May 2009

The Government of Zimbabwe is currently engaged in efforts to raise funding to restore basic services .It is critical that these services be restored and maintained to prevent the country from falling into a totally failed state. One of the key measures of a failed state is the state’s ability to provide basic services such health care, maintain law and order and provision of other social services .

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Sell Indian Equities, Buy in South Africa, Morgan Stanley Says PDF Print E-mail
Monday, 20 April 2009

By Michael Patterson

April 17 (Bloomberg) -- Investors should sell stocks in India, the top-performing major emerging market during the past month, and buy equities in South Africa, the worst performer, Morgan Stanley said.

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Nigeria Becomes World’s Worst Market on Bank Losses PDF Print E-mail
Thursday, 02 April 2009

April 1 (Bloomberg) -- Nigeria’s stock market, Africa’s best performer during the past decade, posted the biggest declines worldwide in the first quarter as bad loans to speculators pushed bank valuations to an all-time low.

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