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Will money solve Africa's Problems? A Story of Former Kenyan Millionaires
| Guest post by: Ken Teyie |
Article Overview: The $7 million compensation towards injuries caused by live ammunition left by the British to 228 Samburu herders did not stop them from spiralling back to poverty. A local TV crew visited the once “millionaire’s town” and found paupers instead. What lessons do millionaires of Maralal give to Africa?
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Will money solve Africa's Problems? A Story of Former Kenyan Millionaires
The $7 million compensation towards injuries caused by live ammunition left by the British to 228 Samburu herders did not stop them from spiralling back to poverty. A local TV crew visited the once “millionaire’s town” and found paupers instead. What lessons do millionaires of Maralal give to Africa?
The media has documented events that followed the money boom. The South Africa Star wrote: “Samburu tribesmen and their families are here on a spending spree: drinking, roasting meat, buying bicycles and clothes and flirting with women.”
A Mr Mathenge in Nanyuki observed: “… a variety of con men, masquerading as traders, doctors, preachers, fortune-tellers and soothsayers descended on Nanyuki moments after news spread that money has arrived…” The Standard reported in 2006: “The newly made millionaires were lured by what they considered odernity. Many owned several cell phones, TV sets, and vehicles.
Today, none of these items exist in Maralal, if they do they are in a state of disrepair.” The traditional approach of addressing African problems through the lenses of “big money” misses the point.
The Organization for Economic Corporation and Development (OECD) countries has pumped an estimated $640 billion to Sub Sahara African countries since 1960.
The G8 countries committed $60 billion towards fighting diseases and lately China has dedicated $5 billion in the next three years to Africa. I propose that Jeffrey Sachs, Bono, Geldof, Bill Clinton and other proponents of “big money will fix Africa”, take a short walk to Maralal.
If money was the key to solving problems, banks would send agents on the streets to supply money to afflicted individuals. Banks only offer money to individuals who successfully translate their “problems” into “opportunities.” Money in itself is neutral.
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$1,000,000
- Hi Evan,
Are you talking about US Dollars? If so, that would be approx £500,000 in the UK.
The Canadian Dollars differs also from the Australian Dollar.
In any case, one needs to solve problems to help people to get money.
The more solutions are given to people's needs to solve their problems, the closer one gets.
Finally, are we talking about 'Income' or can we talk about 'Asset'?
Kindest Regards
Beat
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Go back to the original text on Masterminding which is Napolean Hill in Think & Grow Rich. While their are many Mastermind groups out there right now, they arent really true to the original philosophy. In its purest form a mastermind group, or inner circle is a group dedicated to one goal, one cause and they all utilize their personal connections and resources to accomplish it.
I think if you really wanted to creat a 'next best thing' you need to find people to join your inner circle. STaff, friends, suppliers, mentors anyone that can dedicate some time to working on it, launching it and reaping the benefits.
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