AfroCaribbean

Speak what you think today in hard words and tomorrow speak what tomorrow thinks in hard words again, though it contradict every thing you said today.

My truth today may not be my truth tomorrow


Reblogged from loveyourchaos
Reblogged from ascendingeye
Reblogged from ascendingeye

nadyadee:

So who’s the freak? 

Reblogged from ascendingeye
Reblogged from loveyourchaos
Reblogged from ascendingeye

How I cope

nadyadee:

I’m cutting you out of my heart

Erasing your story from my life and 

tearing the pages out of my book 

I am deleting all the memories we’ve shared 

the times you made me laugh til I cried and

so sad I couldn’t smile 

I am pretending we never met 

that your shadow never darkened my path 

I’m moving on without you 

to bigger better things 

to a brighter future 

This is how it has to be 

because holding on to you

keeping you 

wanting you 

is only going to kill me.

Reblogged from tsepeaces

African Business Conference 2010

This weekend I went to the 12th Annual Africa Business Conference. This year’s theme focused on: “A continent comes of Age: Defining a New Era in African Business. However despite the theme most of the discussions while titering on optimism, the recurring and constant theme was the constraints and problmes of the African continent. I went to three discussions

The first panel was Opportunity in Chaos: What happened to the Nigerian Banking Sector.(This was a really educational discussion.) First of All Nigerians are crazy. The banking system went from 89 to 29 banks  and rose US $15-$20 Billion  in funds but then crashed due to dangerous levels of under capitalization and malpractice which resulted in the government taking over 10 banks firing their CEO and top management, instituting new term limit laws for bank heads and injecting $4 billion into the market to recapitalize failing banks. The greed and corruption caused by raising mass capital, riding the stock market wave as well as declaring unearned profit further resulted in  20,000 workers being fired and salary cuts to 25%-30%. SOUNDS FAMILIAR??

Of course the room was filled with Nigerians and everyone was talking about corruption in Africa but I think the Panelists summed it up well. There is Corruption everywhere, when Bernie Madoff did what he did people lost money, people said Madoff was a bad investor and people looked at lessons to be learnt and moved on. No one said I would never invest in America, America is corrupt you can never make money in the USA. The same should be for Africa when bad investments and poor financial decisions  are made and people lose money. Itis not AFRICA its bad investors and poor financial decisions. (well said). Africa is no more corupt than anywhere else.

The second panel was on Agribusiness: Africa as the World’s Next Breadbasket. This panel discussed the opportunities agribusiness provides for economic development across Africa. I wasn’t too impressed with the panel. But I think what resonated with me was that no one cares about rice grown in Malawi that is 3 times as expensive its JUST rice. Agriculture needs to be commercialized in Africa and how to do that is the big challenge and without private and public sector cooperation its not gonna happen.Developing an African cuisine is also important to the growth of African food products.

The last panel I attended was Achieving Growth Through Economic Integration. This was the most interesting just because economic integration for Africa as well as the Caribbean is of real interest to me. I wholeheartedly believe its a necessary ingredient for growth and political power which is necessary to operate effectively in this world. However despite all the evidence that supports the benefit of integration  the political realities make effective integration policies an allusive goal. The panel spouted all the benefits of integration, but they still failed to address why Rich African countries like Nigeria and South Africa would really go for free movement of human capital as much as goods and  why poorer sub-Saharan countries would go for free movement of goods and capital that would negatively affect their fragile economy. The political realities of integration makes integration difficult and because politicians operate to get re-elected and the benefits of integration are long term, it is highly unlikely that politicians in power will be the ones leading the charge for integration at least apart from paying lip-service to it.