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THERE ARER OTHER ALTERNATIVES THAN DEBTS' REPUDIATION

Dear reader,

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During the debate to reaching the vote to repudiate external debts that took place on March 8, 2005 at the Nigeria's House of Representatives, All Nigeria Peoples Party (ANPP) House Leader, Hon. Ahmed Salik, Declared: "Previous attempts to address the external debt problem were cosmetic. Repudiation, he said, remained the only practical solution to the external debt matter. "

Chairman, House Committee on Information and National Orientation, Hon. Alaba Lad Ojomo, who briefed newsmen on the resolution, said the lawmakers will follow up on the motion by halting appropriation for external debt repayment in the budget.

Debt Repudiation Should Africa Repudiates External Debts? No Yes View Result Free Web Polls

Describing the resolution as historic, Hon. Ojomo noted that if religiously implemented, it would effectively address the external debt question. [Source: Daily Champion (Lagos- Nigeria) - By Abiodun Adelaja]

ARE ABOVE DECLARATIONS RIGHT TO THE FACTS?

Yes. One has to agree that till now previous attempts to address the debt problem were cosmetic.

Cosmetic because they lack substance and were not so radically "carved" as the decision taken by Nigeria's House of Representatives to repudiate external debts.

Indeed, on one side heavily indebted countries and their staunch supporters - Non Governmental Organizations and some prominent people like Professor Jeffrey Sachs - plead for outright cancellation of debts. On the other side creditors countries' representatives refusing to comply with such request.

Till now, none of the parties proposed a solution that would satisfy the desperate need of indebted countries to have their debts' load diminished and creditors having their hard owned money back.

That is the reason attempts made till now could be qualified as cosmetic. These attempts lack innovative proposals that could first make debtors become less indebted and second creditors have their money back - with accrued interests.

For sure, religiously implementing the House of Representatives' vote on external debts' repudiation will make history.

But which history it will make? Is it going to be the beginning for a better developing of Nigeria? Or is it going to mark the beginning of the worsening of the economic situation?

Can anyone believe that creditors would stay put and continue to invest in Nigeria's economy when they know that they would never have their loans paid back?

Is Nigeria capable of handling its developing without the influx of external financing?

These are questions that need proper analysis and answers before one could speak of historic (positive) vote.

DEBTS ' REPUDIATION IS NOT THE BEST SOLUTION FOR AFRICAN COUNTRIES

One could predict, based on current economic situation in Nigeria, that the implementation of the vote on external debts' repudiation would not help Nigeria's developing. The country does not have the financing strength to go it alone.

In previous deliveries [63, 66, 66, 66, 67] Africabiz exposed why African countries should not refuse to pay back their debts and should instead lobby to get their debts load reoriented into equity shares in integrated developing projects.

Debt reorientation into equity shares here exposed would help indebted countries progressively diminish their debts' load, and in the same time set the economy on the double-digit growth path that creates riches for all and jobs to cope with demand - which is not currently the case in any sub-Saharan African country.

The debt reorientation into equity shares scheme provides security and surety for creditors to have their money back. It is a win-win partnership between creditors and debtors; contrary to outright debts' cancellation or repudiation.

THERE ARE ENDLESS BUSINESS OPPORTUNITIES IN AFRICA FOR THE WIN-WIN SCHEME

Contrary to the common belief, sub-Saharan Africa has endless business opportunities to attract foreign Investment. Till now, foreign investments are mostly concentrated into mineral mining and oil exploitation.

Month after month, Africabiz exposes other investment possibilities that are capable - if efficiently implemented - of driving upward the economy in any single African country.

For instance, the following deliveries [54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64] demonstrated [61] that there is the possibility to establish in sub-Saharan Africa 8,000 medium-scale operations to producing coarse gari flour, and creating around 1,096,000 industrial jobs in rural areas. The market value being around US$ 3.8 billion.

In addition, coarse gari flour could be ground to fine flour of gari (granulation: 150 micron) that could be used as partial substitute to wheat flour in bakery. Here one is talking about a potential market of minimum 20 million metric tons of fine gari flour to cater for bakery business all over Africa - A market value of US$ 8 billion.

Further, following deliveries [66, 67, 68, 69, 70, 71] show that there is US$ 20 billions of untapped poultry meat's market in sub-Saharan Africa, and that there is the possibility to establish 30,000 medium-scale poultry breeding operations around the continent to give direct jobs to 30,000 managers and 150,000 people.

To summarize, there are plenty of opportunities to transform debts load into equity shares, to pay back debts and prosper altogether.

Outright cancellation of debts or debts' repudiation as voted by Nigeria's House of Representatives is not the solution to the debt problem. In the contrary it will worsen the economic situation in African countries - scarring away would-be foreign investors.

"CONTRIBUTOR'S GUIDELINES" are available here. We invite you to contribute to AFRICABIZ ONLINE MONTHLY ISSUE - with articles related to "How Africa Could Bridge The Developing Gap".

Your feedback / objection / contribution is welcome. Visit WorldWide BizCenter, and choose General Information (as topic) to create a thread for discussion. On the top of the WorldWide BizCenter page, there is a HELP link to assist you making an efficient use of the discussion board. This link also is useful

Many thanks for subscribing to Africabiz. See you here on April 15, 2005.

Dr. B.M. Quenum
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Business Opportunities

FOWL BREEDING AS BUSINESS OPPORTUNITY - PART VIII: - POSSIBILITY TO SETUP 30,000 MEDIUM-SCALE POULTRY BREEDING OPERATIONS IN SUB-SAHARAN AFRICA

An efficient chicken breeding operation in any African country cannot be specialized in a unique production like in developed countries where operations use to breed either only broilers or layers. An operation that intends to supply an African community should cover the whole demand of the population that is provide broilers and eggs, which means that the operation should breed a mixture of broilers and layers as here exposed.

The production organized as explained by the above link would need investment level briefly outlined here and operating expenses as here exposed.

In short, considering information available in several deliveries [66, 67, 68, 69, 70, 71], a medium-scale chicken breeding operation would generate a yearly revenue in the bracket of US$ 580,000 to US$ 600,000 (eggs + broilers + reformed layers).

And due to untapped existing chicken meat market in Africa amounting to US$ 20 billions, one is entitled to deduct that it is possible to establish 30,000 medium-scale chicken breeding operations in sub-Saharan African countries that would generate direct jobs to 150,000 workers and 30,000 managers.

MORE ON FOWL BREEDING

1- Poultry Breeding and Genetics by R.D. Crawford 2- The Dollar Hen: The Classic Guide to American Free-Range Farming. by Milo M. Hastingd, Robert Plamondon 3- Small-Scale Poultry-Keeping: A Guide To Free-Range Poultry Production. By Ray Feltwell 4- The Encyclopedia of Farm Animal Nutrition by M.F. Fuller, et al 5- The Mating and Breeding of Poultry by Harry M. Lamon, Rob R. Slocum. 6- Modern Livestock and Poultry Production by James R. Gillespie

7- Success With Baby Chicks: A Complete Guide to Hatchery Selection by Robert Plamondon. 8- The Classic Guide To Poultry Nutrition: Chickens, Turkeys, Ducks, Geese, Gamebirds, and Pigeons. By Gustave F. Hauser 9- The Strange History of The Ostrich In Fashion, Food and Fortune. By Rob Nixon 10- Ostrich's Avian Incubation: Behaviour, Environment and Evolution. By D. Charles Deeming

Control Your Desktop

SECURE INSTANT MESSAGING EXCHANGES TO AVOID COMPUTING DISASTER

The flood of spams streaming daily into E-mail clients' Inbox remains unabated in spite of protests from the victims and regulatory decisions made by the authorities. One has to setup filters to keep them at bay - not to speak of intentional viruses attached to bogus emails sent by people who devote surfing time trying to harm others.

However, e-mail clients flooding by spammers is nothing compared to the assault that would occurs in the near future (it started already on small scale) targeting desktop Instant Messaging (IM).

Indeed, contrary to the enterprise versions of the most used IM clients - AOL (AIM, ICQ), Microsoft (Messenger), and Yahoo! (Messenger) - desktop versions are bare of protection against spammers and hackers attacks. Further, messages are transmitted unencrypted and therefore are opened to screening by Big-brother and competitors.

Soon, spammers and hackers would be using robots to scan the net for "active" IM clients to send flood of spams and take control of computers. The more IM clients you have opened the greater the danger to be attacked or flooded with spams.

Click the More link below to read further on the matter.

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