Vincent Munyosi and Robert Mafabi at the recent PONTGlam Meeting
The Credit Crunch is starting to hurt ~ and it’s not just in the West.
The global crisis that started in the West is having a serious impact in sub-Saharan Africa. We don’t get to hear much about here. Already the IMF are reporting that Kenya, Tanzania and Uganda are experiencing real shocks in trade and finance.
The East African reported that the global economic crisis has hit Tanzania with a bang, with two huge projects worth nearly $4 billion melting away.
According to International Monetary Fund director Dominique Strauss-Kahn “there is a real risk for many countries that the hard-won gains of the last decade will be lost.”
The World Bank is also talking catastrophe, suggesting that as many as 2.8 million children would die of hunger and disease between now and 2015 if the crisis continues.
The Millenium Development Goals ~ themselvs a modest attempt to redress global poverty ~ start to look fanciful.
It’s difficult to relate to such headlines. It’s a question of scale. Take “our own” unemployment headline ~ fastest rate of increase on record. I was finding it difficult to relate but a neighbour told me that he’s been given a payment in lieu of notice: married, 3 boys, mortgage.
That’s one of the ways where the link between PONT and Mbale helps. Vincent and Robert talked about people they know and situations they are in. We understand better on a human scale. It moves us to action… whereas headlines can make for stupefaction.