I’m a full-time investor and investment writer. I grew up all over the world, in Tanzania, Denmark, Egypt, Singapore and Australia – where I completed my higher education. I have an unorthodox background. And it shapes my approach to investing and life.
My readers appreciate this, and often comment that I bring them a valuable alternative perspective they can’t get anywhere else. Read more…
Good to see talk of further investment and job creation in Tanzania. I just wish people wouldn't litter, throwing empty "Mo Xtra" drink bottles everywhere... Africa’s youngest billionaire Mo Dewji seeks to triple number of workers https://t.co/CLiu7XAMy4 via @TheCitizenTZ
@Swahilikidbooks Don't forget the government is using the money, partly, to build infrastructure, paying contractors, and suppliers and workers, and arguably laying the foundations for stronger future private sector growth. The money is not vanishing down a government black hole.
@Swahilikidbooks Big publicly traded banks work for their shareholders. They don't owe any obligation to do anything for anyone other than maximizing their profits with the least risk. As the market currently stands, that might be by investing more than normal in government paper.
@Swahilikidbooks Again, the remedy is to have a FREE market in capital. Let capital come in from abroad to invest in bonds. Banks are only doing what's rational. If you can get 15% on government paper, why wouldn't you? Can't blame them. Blame the closed market.
@Swahilikidbooks What the government SHOULD do is open up the bond market to foreign capital. Rates are ZERO in the West. I could raise hundreds of millions of dollars to invest in govt bonds here right now. Rates on government debt would come down and stop crowding out loans to private business.
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