Developing countries like Kenya tend to have shockingly high rates of unemployment. But that should not deter investors – rather it is a sign of potential. Worrying numbers When I wrote last week that Kenya has an unemployment rate of 38 percent, a number of colleagues questioned that figure. How could it possibly be so…
Kenya is once again politically stable and is fast becoming the most mature emerging market in Africa. Jambo!* When you go through customs control on entering Kenya you are supposed to surrender all your plastic bags. Last year, plastic bags were banned in Kenya outright. This impressed me for two reasons. Firstly, it shows Kenya’s…
There are times when certain decisions have an unusual impact on subsequent events. We reach, in other words, a ‘fork in the road’, and the choices taken – or not taken – have an incalculable impact on the future. The weekend of 13/14 September 2008 represented precisely one of those forks in the road. At…
The most important problem facing the UK government in 2018 is that wage growth has stalled. Mrs May needs to give ordinary people hope of a wage rise in the New Year. The Productivity conundrum revisited Productivity is the output recorded per hour worked by the workforce. Successful manufacturing nations like Germany boast high levels…
It’s that time of the year again: when the pundits look back and either tell you “I told you so”, or “mea culpa”, or some variant in between. I don’t really like looking back – except where the past holds some lessons for the future – but it sure has been an “interesting” year. Bond…
A massive reform of the US tax code is underway. Britain could learn lessons from our American friends. Mr Trump’s corporate tax cut clears the Senate In the wee hours of Saturday 2nd December the US Senate passed a bill to cut corporate income taxes (taxes on company profits – what the British call corporation…
Loved and followed by private investors, one of Britain’s – if not the world’s – most popular and successful investors and entrepreneurs, Jim Mellon, talks to PR and IR expert Stefania Barbaglio about the next big things in the investment sphere. With technology developing at an incredible speed, this shaping of economy and society is…
We think of money as an objective reality – but in fact it is just a conceptual construction of the human mind. It does not exist in nature; animals have no notion of it; even humans managed to live for countless millennia without it. The history of money is the history of civilisation. It has…
This morning a deal has been struck in Brussels. But will the Tory ultras buy it? And will Labour gain ground if they don’t? Sufficient progress? The breakthrough deal that was supposed to happen on Monday (04 December) was supposedly scuppered by the Ulster Unionists. In fact, much opposition to Mrs May’s original deal was…
Which would you rather own – $42,000 in a bank account, four bitcoins on your hard drive or a kilo of gold bullion under your bed? Cash versus gold Cash is useful stuff but you wouldn’t want to carry too much of it: it is bulky and can be easily lost or stolen. Money in…
