Category: Kenya

Burying treasure

15 January, 2010 (11:31) | Global news, Kenya, Land Value, Markets, Nairobi, Piracy, Somalia, Speculation, Theory, Urbanization | No comments

By: David A. Smith
 
Pirates have a real estate problem and a capital problem. 
 

We’ve got the capital, now we need the real estate!
 
Like highwaymen (land pirates) and kidnappers (wilderness pirates), for their business they need a work environment of vast uncharted spaces and complete lawlessness – for which the high seas often serve admirably. 
 

We’re [...]

The challenge and opportunity of slums: Part 2, the opportunities

27 March, 2009 (09:35) | Cities, Demographics, Dharavi, India, Kenya, Kibera, Policy, Slums | 1 comment

[Continued from yesterday's Part 1.]
 
Yesterday’s post covered half of my little talk – the challenges part – on the Infrastructure and Real Estate panel at Harvard Business School’s 2009 India Conference, one of the largest student-run events in the country, attracting several hundred people. 
 

“So far out there I can’t be contained behind a dais!”
 
My [...]

The challenge and opportunity of slums: Part 1, the challenges

26 March, 2009 (09:56) | Cities, Demographics, Dharavi, India, Kenya, Kibera, Policy, Slums | No comments

In mid-March, I had the scintillating experience of participating on a panel in Infrastructure and Real Estate at Harvard Business School’s 2009 India Conference, one of the largest student-run events in the country, attracting several hundred people. 
 

“Who knew slums could be funny?”
 
My fellow panelists were:
 
Abha Joshi-Ghani, Urban Sector Manager for the Finance, Economics, and [...]

The first thing that flees is capital

5 June, 2008 (08:42) | Capital markets, Finance, Global news, Kenya, Markets, Theory | No comments

When a country explodes into violence, what we see are images of property destroyed:
 

From BBC Site: People walk around the charred remains of a market in Nairobi’s Kibera slum
 
…but the true damage is less visible, for whereas property can only be burned down, capital can flee – and it flees much, much faster than any [...]

Let that be your last battlefield

3 March, 2008 (10:27) | Kenya, Policy, World news | No comments

For nearly two months I’ve been hoping to be able to write this post as I, like much of the world, watched in anxious passivity as Kenya brought itself to the brink of a tribally based civil war … and then, apparently, brought itself back from the cliff.  As reported in the Boston Globe:

Kenya [...]