The influx of second
hand vehicles, clothes, electrical appliances and other products to Africa is
on an alarming increase from both the developed countries and emerging markets.
These goods have been to some extent the saviour to impoverished or marginalised
people of Africa as they cannot afford a brand new product due to its
costliness. The USA, Britain, Germany, China Japan and others are the biggest
importers of second hand goods to Africa. The question to be asked in all this
is How developmental or detrimental are these imports to African countries and
economies?
Second hand imports
have created much of formal but to a greater extent informal employment to a
continent that suffers from a high level of unemployment and poverty. Governments
in Africa have been failing to map viable policies that will tackle unemployment
problems and thus the ordinary but innovative people have taken the opportunity
to fend for themselves through second hand imports. Informal sectors have been
ignored by most governments but in true aspect they are a bedrock for most
struggling African economies and they have contributed to the growth of
economies despite them not paying taxes to the government. Governments might not benefit from any tax remissions
from informal traders but they benefit from the import duties that are
generated from the second hand products. Some governments are against the
second hand imports and thus ban or charge high import duties so as to protect
their industries and promote high production in their own economies. The high import
charges are much beneficial to governments as they will channel them to local production.
City councils are not to be left out as they benefit from letting out space to
vendors of second hand goods.
On the contrary the
African continent has become so desperate for second hand imports thus stifling
its own local production which will affect the overall GDP of the nation. Much
is being imported with a less life of use and thus making Africa to keep paying
as the goods will only be having a short limited lifespan. Africa has become a
dumpsite for the developed countries and to worsen the situation the continent
has no expertise or idea on how to deal with the second hand products after
their use is done. We do not have any recycling plants for these products
especially machines, cars and electrical gadgets if they become obsolete.
The continent is
endowed with natural materials and also produces raw materials but we don’t have
any processing factories for these raw materials which are then processed in
developed countries used there, after productive use they are dumped to Africa.
We need to have plants that process the raw materials we produce and resources
we have into finished products boost local production, improve the standard of
living of the African people, create employment, provide liquidity for our economies
thus boosting our own economies.
Africa has a serious
dependence syndrome that needs to be uprooted from our minds for our economies
to grow. India banned most second hand imports and now their economy is one of
the fastest growing economies in the world. We have to adopt a mind that is self-reliant,
independent but closely knit with each African economy. This will create
positive ripple effect in all economies within the continent as we will be
supporting each other. It’s time for Africa to be proud of its products boost
its own production and take advantage of the innovative minds that are within
but lacking support and a spring board to launch themselves and the continent to
higher levels of competence and economic
efficiency.
Hello Everybody,
ReplyDeleteMy name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.
BORROWERS APPLICATION DETAILS
1. Name Of Applicant in Full:……..
2. Telephone Numbers:……….
3. Address and Location:…….
4. Amount in request………..
5. Repayment Period:………..
6. Purpose Of Loan………….
7. country…………………
8. phone…………………..
9. occupation………………
10.age/sex…………………
11.Monthly Income…………..
12.Email……………..
Regards.
Managements
Email Kindly Contact: urgentloan22@gmail.com