[kictanet] Day 2 of 10:-BPO discussions, Legal and Regulatory Frameworks

Fri Jun 5 11:29:25 EAT 2009

Eric,
We can debate this later.  It may define our true ideologies that we often
mask in order to conform.

Regards

Ndemo.

> Dr. Ndemo,
>
> I would defer to you on the strategic policy effort to deal with
> ownership.
>
> One of the submissions we have made to the Ghana government is to work
> a mechanism where natural resources like Oil etc can be converted to
> cash and such cash can be used for strategic investments.
>
> Am not sure, i entirely agree with you that we dont have the money to
> invest. The issues are around how do we mobilise liquidity and turn
> them into instruments for investment. Really, am not an economist or
> financial strategist but we need to put those brians to work. We need
> them to realise that, it cant be business as usual, we have a problem
> and they must work to change the status quo. The amount of money
> outside the banking sector and under pillows and buried in farms is
> outstanding.
>
> Am sorry to branch off this discussion on BPO to investments but i
> think we would end it here so the original trend can proceed.
>
> Eric here
>
>
>
> On 4 Jun 2009, at 17:40, bitange at jambo.co.ke wrote:
>
>> Eric,
>> Unemployment in Africa is at a critical level.  In Kenya we are on the
>> edge where 75% of the population are youth with lots of energy and I
>> belive other African countries are the same.  We can choose to use
>> this
>> energy by all means or fail for fear of losing control of ownership
>> (which
>> we do not have in the first place).  To attain reasonable economic
>> growth
>> and achieve lower unemployment rates with acceptable price
>> stability, you
>> need extraordinary measures in Africa.  Schumpeter's creative
>> destruction
>> (entrepreneurialism) becomes imperative irrespective of sources of
>> capital.
>>
>> We have failed three times to attract FDI to the communications
>> sector by
>> simply trying to accomodate local ownership.  Yes it is critical
>> that we
>> have local participation in strategic investments.  But I am almost
>> correct to state that we do not have individual capital that can
>> match the
>> desired investment.  Collectively, we can own large junks of even
>> multinationals.  That is the reason why we changed the policy to
>> require
>> that investors have up to three years to list in the stock market or
>> seek
>> for locally monied investors.  This type of model will ensure that we
>> provide quick employment and at the same time allow the employees to
>> accumulate resources to participate in ownership or break away to
>> set up
>> similar investments.
>>
>>
>> Regards
>>
>>
>> Ndemo.
>>
>>
>>
>>
>>> Dr. Ndemo,
>>>
>>> Please allow me to differ with you on the subject of ownership. I
>>> have
>>> being spending abit of my time through my private research firm to
>>> relate ICT to outcomes. A 2009 World Bank report has analyzed the
>>> impact of broadband on growth in 120 countries from 1980 to 2006,
>>> showing that each 10 percentage points of broadband penetration
>>> results in 1.21% increase in per capita Gross Domestic Product (GDP)
>>> growth in developed countries, and 1.38% increase in developing
>>> countries.
>>>
>>> Ghana's GDP was $74MUSD in 2008 which represented a 7.8% growth, alot
>>> of African countries had considerable GDP growth including Kenya but
>>> we have experienced decline in incomes, employment, health etc, why?
>>> The reason between 35 and 60% of African economies are owned by
>>> foreigners which means that 35 to 60% of the GDP growth leaves the
>>> country. Back in the day the economist used Gross National Product
>>> (GNP) were they argued that you need to deduct the foreign
>>> participation from the GDP to know the real impact on the local
>>> economy.
>>>
>>> To your point, my submission is that we neeed to have some
>>> considerable and in my view "majority" level of local ownership of
>>> the
>>> productive sectors of our economy in order for GDP to make sense,
>>> otherwise we need to find ways of dealing with "capital flight"
>>> otherwise we would create jobs etc but the return effect would be
>>> minimal. In the same way we want to create jobs etc, we need to also
>>> seek simultaneously to own the ventures that create the jobs.
>>>
>>> Eric here
>>>
>>>
>>> On 4 Jun 2009, at 09:15, bitange at jambo.co.ke wrote:
>>>
>>>> Prof.  You raise good questions.  In my my view, the question on
>>>> foreign
>>>> ownership should not arise now when we have thousands of our youth
>>>> jobless. Most of those who would work in foreign owned enterprises
>>>> are our
>>>> future entrepreneurs.  They will have the opportunity to learn
>>>> through the
>>>> ropes before embarking on an expensive venture.
>>>>
>>>> We are focusing the resources into infrastructure now but in the
>>>> next few
>>>> months, we begin to address capacity development.  This has been on
>>>> our
>>>> rader as we developed the Multimedia University.  We did not have
>>>> funding
>>>> to push the two development aspects concurently.  I am open for
>>>> suggestions.
>>>>
>>>> The SEZ policy is ready at Trade Ministry.  The Law to establsh the
>>>> incentives is underway but nevertheless we shall leverage on the
>>>> current
>>>> EPZ Law.
>>>>
>>>>
>>>> Regards
>>>>
>>>>
>>>> Ndemo.
>>>>
>>>>
>>>>
>>>>> Dear Dr. Ndemo,
>>>>>
>>>>> Attached is material to guide theme 2 of e-discussion on BPOs. Any
>>>>> comments so far? Best wishes.
>>>>>
>>>>> Tim Waema
>>>>>
>>>>>
>>>>>
>>>>> On Sun, 2009-05-31 at 08:28 +0300, Prof. Waema wrote:
>>>>>> Dear Dr. Ndemo,
>>>>>>
>>>>>> I hope this finds you in a good state of health.
>>>>>>
>>>>>> Attached is the first theme of the BPO e-discussions over KICTANET
>>>>>> FYINA. We have 5 themes which will be discussed over a two week
>>>>>> period,
>>>>>> starting Tue June 2nd.
>>>>>>
>>>>>> Please note that we have changed the day of the stakeholders'
>>>>>> workshop
>>>>>> to Wednesday July 1st. You had agreed to be the guest of honour
>>>>>> with the
>>>>>> earlier date. Please confirm that you can still be the guest of
>>>>>> honour
>>>>>> to open the workshop on this new date.
>>>>>>
>>>>>> Best wishes.
>>>>>>
>>>>>> tim waema
>>>>>
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>>>>
>>>>
>>>>
>>>>
>>>>
>>>>
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>>>
>>> Eric M.K Osiakwan
>>> Director
>>> Internet Research
>>> www.internetresearch.com.gh
>>> emko at internetresearch.com.gh
>>> 42 Ring Road Central, Accra-North
>>> Tel: +233.21.258800 ext 7031
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>
> Eric M.K Osiakwan
> Director
> Internet Research
> www.internetresearch.com.gh
> emko at internetresearch.com.gh
> 42 Ring Road Central, Accra-North
> Tel: +233.21.258800 ext 7031
> Fax: +233.21.258811
> Cell: +233.24.4386792
>
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