Uhuru Kenyatta (son of the country’s first President Jomo Kenyatta), was declared President this week by the Independent Election and Boundaries Commission (IEBC). The intense conditions surrounding the elections have the country’s security forces are on high alert.
Uhuru Kenyatta continues to maintain the commanding lead in the race for Kenya’s President. His lead is 53% to Odinga’s 42% with close to one-half the votes counted. Thus far, the main international election observers have issued positive statements on the electoral process.
In South Africa, black unemployment was 29.1% in 2012 and white unemployment was 6.1%. In January 2013, black unemployment in the US was 13.8% and white unemployment 7.0%. Comprehensive solutions are needed.
Some of the presidential election rhetoric regarding China may sound good, but it overlooks the simple fact that China holds more than one third of all US debt. Absent Chinese investments in the US, there could be no QE3.
South Africa will not have reached its Millennium Development Goals by 2015, but it will be closer to achieving them than any other African Country . SA lags in infectious diseases, unemployment and poverty.
Contagion from the euro zone debt crisis has hit the US in the form of lower confidence and spending by investors and consumers and greater difficulty in borrowing and refinancing mortgages.
Euro zone finance ministers agreed to set aside the requirement of making loans only to sovereign governments,and agreed to lend directly to individual domestic banks,. They set up a new euro supervisory structure.
China is an economic powerhouse, but it has some significant problems to overcome. In the near future, the health of the world’s economy will still be determined by what happens in the US.