PEF KNOWS THERE ARE OTHER PARAMETERS THAT MUST BE IMPROVED TO IMPROVE THE INTEREST RATE REGIME; GOOD; AT LEASTTHE PROBLEM IS KNOWN. HOWEVER PEF(OR ITS LEADER?) DOESN'T KNOW THE PARAMETERS NOR HOW TO IMPROVE SAME!!! SADLY THIS ... read full comment
PEF KNOWS THERE ARE OTHER PARAMETERS THAT MUST BE IMPROVED TO IMPROVE THE INTEREST RATE REGIME; GOOD; AT LEASTTHE PROBLEM IS KNOWN. HOWEVER PEF(OR ITS LEADER?) DOESN'T KNOW THE PARAMETERS NOR HOW TO IMPROVE SAME!!! SADLY THIS IS THE
USUAL STATE OF AFFAIRS IN THE AFRICAN
BUSINESS PSYCHE. OF COURSE THE COST OF BORROWING IS HIGH FOR LOW MARGIN-LOW-DEMAND GOODS-RELATED BUSINESSES HEAVILY DEPENDENT ON IMPORTS, E. G POULTRY & TEXTILE INDUSTRIES, BUT COCOA & SMALL SCALE GOLD PRODUCERS ARE BORROWING AT> 48% WITHOUT WHINING, THE DEMAND FOR HIGH INTEREST LOANS PERSIST & THE BANKS AREN'T SINKING; BOTTOM LINE: THE MARKET MUST BE DOING SOMETHING RIGHT, THE POULTRY & TEXTILE INDUSTRIES; SOMETHING WRONG!!!
PEF KNOWS THERE ARE OTHER PARAMETERS THAT MUST BE IMPROVED TO IMPROVE THE INTEREST RATE REGIME; GOOD; AT LEASTTHE PROBLEM IS KNOWN. HOWEVER PEF(OR ITS LEADER?) DOESN'T KNOW THE PARAMETERS NOR HOW TO IMPROVE SAME!!! SADLY THIS ...
read full comment