Australian (ASX) Stock Market Forum

Africa the cradle or the grave of civilization?

There is talk in Harare and Bulawayo over the weekend that the end is near for Mugabe and Zanu-PF. An internal coup and then probably civil war.

More money than usual is being transferred overseas to an as yet unidentified Asian nation which has agreed to give the monster and his cronies a place to hide.

The Zim dollar is so worthless it must be leaving the poor folk in an even worse situation than before.

gg

Today my contacts in Harare tell me that Mugabe plans an overseas break soon, money is being transferred as I post.

I am unsure as to where he will bolt to.

Somewhere in Asia is the tip from another contact in Bulawayo.

You heard it first here on ASF.

gg
 
The monster Mugabe's missus doesn't like being photographed shopping up big in Hong Kong as her country starves and its emaciated people fight cholera.

What a shabby person is Grace Mugabe.

From the Times

http://www.timesonline.co.uk/tol/news/world/africa/article5537251.ece


"Grace Mugabe, 43, known as the First Shopper of Zimbabwe, flew into a rage when she was spotted last week leaving the exclusive Shangri-La hotel in Hong Kong. She has been staying there with her entourage at a cost of £2,000 a day while her country endures poverty, hunger and disease.

Holding a Jimmy Choo-style bag estimated to be worth at least £2,000, and hiding behind Cavalli rhine-stone-framed glasses with a red cashmere shawl over her head, she ordered her bodyguard to attack the photographer, Richard Jones."

Then she joined in hitting the photographer with her diamond encrusted fist.


gg
 
not going to argue with the thread tile,

Africa the cradle or the grave of civilization

... but it is good to see a robust democracy alive and well in at least one place:


Equatorial Guinea's president — world's longest-standing ruler — has been re-elected with 95 per cent of the vote and his party has won all seats in parliament, according to his son, who is the country's vice-president.

Key points:

  • Teodoro Obiang Nguema has never received less than 90 per cent of the vote
  • International observers have questioned results and critics say elections are rigged
  • Mr Obiang's son, who is vice-president, was convicted of embezzlement by a French court in 2020

Reuters reported that it was not able to verify the claim, which was tweeted by Teodoro Nguema Obiang Mangue, that Teodoro Obiang Nguema had extended his 43-year rule with a landslide victory in the November 20 elections
 
Niger, landlocked and such a player, is further fown the slippery slope than many.

A recent coup has seen a president held hostsge, Wagner and Isis/ al Qaeda competing for influence/ concessions, belligerent talk about war with neighbours, Ecowas on a war footing, French and other citizens sent packing, ambassadors given 48 hours to leave.

Gen Abdourahamane Tchiani, Niger's coup leader, last week pledged to return the West African nation to civilian rule within three years.

... they all say this.

and Sudan isn't really sorting its problems out, either
 
can this be correct?

from the BBC (headline only, low care factor to delve) :
Kenyan President William Ruto is the first African leader in more than 15 years to make an official state visit to the USA.
if this is the case, then stop giving aid
 
can this be correct?

from the BBC (headline only, low care factor to delve) :

if this is the case, then stop giving aid
Trivia: Mrs L was born and partly raised there as were both her parents (English stock). Apart from the threat of being murdered by Mao Mao, they have fond memories and still speak in a half English half Swahili patois when they all get together, leaving me wondering WTF is being said haha.

My old man worked there in the late forties as an engineer and was involved in the Kenya to Tanganyika railway. He loved it.

Mrs wants to take me there one day, but will reserve my judgement until then.... But yeah they should probably be a little more accommodating to the West.
 
I think its a case of the west not wanting to be seen with potential dictators. A lot got burnt backing the wrong guys.
 
from a Bernard Salt article

A Hoornweg and Pope study (published in Megacities and Megacity Regions, 2020, EE Publishing) assembles estimates and projections of the world’s largest cities over 600 years from 1500 to 2100.

Their (medium-fertility) projections extend (boldly) beyond the UN population division’s 2050-horizon to the end of this century. At that time, fascinatingly, the world’s largest city is expected to be Nigeria’s capital Lagos with 80 million residents. Their high projection (fertility above three births per woman) has Lagos at 100 million, while the low projection has Lagos at 61 million at this time.
.
...It is conceivable that Lagos, Dar es Salaam (Tanzania) and Kinshasa (Democratic Republic of the Congo) could be the largest cities on earth in 75 years – and that these cities at that time could each contain between 60 million and 80 million residents.

The concept of rich and big cities is likely to be supplanted later this century by the concept of poor and big cities (or, at best, modest-income and big cities). By 2100 the world’s greatest conurbations won’t be Tokyo-Yokohama or the Boston-NewYork-Washington (the so-called ‘‘Bos-Wash’’) corridor, but rather they’re likely to comprise something more modest (in spending per capita terms) like a West African urban coagulation comprising Nigeria’s Lagos, Benin’s Cotonou, Togo’s Lome and Ghana’s Accra. These four cities and other associated communities could collectively contain 110 million residents within a coastal corridor of 470km (ie Sydney to Coffs Harbour).
.

and the pertinent bit

Will this happen?
And in each century urban infrastructure, corporations and social cohesion evolved to enable urban growth at scale – sewerage systems, the concept of a middle class, the idea of global trade, the bold notion of a publicly funded police force
 
Top