Ramah Nyang
@Ramah_Nyang • 223,614 subscribers
With bylines at @BloombergAfrica. | Business Journalist @cgtnafrica. | Moderator | Car Nut | Views here = mine.
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![Now that we’ve all had a few days to process the hype surrounding the proposed 650,000 bbl/d refinery in East Africa 🇰🇪 🇺🇬 🇹🇿, let’s take a long, hard look in the mirror. [1] Funding Gap: Where will Kenya 🇰🇪, Uganda 🇺🇬, and Tanzania 🇹🇿 raise the ~ $20 billion needed to build this facility when they already spend more on debt servicing than on healthcare or education? Just as critical - can they raise that capital, cheaply? [2] Diplomacy Deficit: Relations between these three countries are prickly on most days. Can nations that block agricultural imports, incinerate day-old chicks and limit the reach of each other’s airlines really cooperate on a project of this magnitude? [3] Successor Risk: With potential changes in government in Kenya 🇰🇪 (2027) and Uganda 🇺🇬 (2031), will the successors of William Ruto and Yoweri Museveni prioritize regional interests over national ones? “When Aliko Dangote built his refinery in Nigeria, he was essentially dealing with one country,” says Wangari Kebuchi, Founder & MD at Expertise Global . Given the clashing interests involved here, she warns that “discussions are going to be much more intense than what was faced in Nigeria.” What trade-offs are East African policymakers willing to accept? Do they have the policy discipline to execute this without wasting billions in taxpayer dollars, as they have in other, smaller infrastructure projects?](https://image.24vids.com/tw-2048712354519503326/amplify_video_thumb/2048516353867517952/img/LJ6pfecSkcjRntBg.jpg)
Now that we’ve all had a few days to process the hype surrounding the proposed 650,000 bbl/d refinery in East Africa 🇰🇪 🇺🇬 🇹🇿, let’s take a long, hard look in the mirror. [1] Funding Gap: Where will Kenya 🇰🇪, Uganda 🇺🇬, and Tanzania 🇹🇿 raise the ~ $20 billion needed to build this facility when they already spend more on debt servicing than on healthcare or education? Just as critical - can they raise that capital, cheaply? [2] Diplomacy Deficit: Relations between these three countries are prickly on most days. Can nations that block agricultural imports, incinerate day-old chicks and limit the reach of each other’s airlines really cooperate on a project of this magnitude? [3] Successor Risk: With potential changes in government in Kenya 🇰🇪 (2027) and Uganda 🇺🇬 (2031), will the successors of William Ruto and Yoweri Museveni prioritize regional interests over national ones? “When Aliko Dangote built his refinery in Nigeria, he was essentially dealing with one country,” says Wangari Kebuchi, Founder & MD at Expertise Global . Given the clashing interests involved here, she warns that “discussions are going to be much more intense than what was faced in Nigeria.” What trade-offs are East African policymakers willing to accept? Do they have the policy discipline to execute this without wasting billions in taxpayer dollars, as they have in other, smaller infrastructure projects?
Ramah Nyang73,632 Aufrufe • vor 1 Monat
How did KOKO Networks implode as fast as it did during the first week of February? What does this collapse reveal about the volatile nature of the carbon credits business? More importantly, what does it say about Kenya’s actual attractiveness to the "green capital" that local politicians so frequently talk about on international stages? As David Ndii, former Chairman of #Kenya’s Council of Economic Advisors, bluntly put it: Kenya suffers from an “investor unfriendly NDC regime.” Mahlon Walo and I had this conversation on February 3rd. #CarbonCredits #ClimateFinance #GreenEconomy #KOKONetworks #EmergingMarkets #BusinessStrategy #EconomicPolicy
Ramah Nyang13,544 Aufrufe • vor 4 Monaten
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