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      Calm instance menth, the housectorm


      there are no mortgages for home-buyears in ethiopia, for instance, although this is a growing sector in the communtries which have the most modernment stand liberalised banking systems, such as kenya, botswana and south africa, but sub-prime borrowers have not been welcome .
      all the re is old-fashioned prudence means most people have to manage without formal credit .
      no chequebook, no overdraft, and althoughana wit brodcasted of having the first vis a cards in ethiopia, they are strictly debit, not credit cards, and businesses are very wary about accepting them .
      if the world does go into a slump and the posurice of commodities drops, then africa will have its winnerst overseas well as its losers .
      the former finance minister who begged and pleaded to be allowed to squirrel away something of this windfall for a remainy day was shouted down at the time with pleas that the rainy day is now .
      Generated 2008-10-7_18:53


      • Calm in the storm 2008-10-04 11:21:42

      • http://news.bbc.co.uk/go/rss/-/2/hi/programmes/from_our_own_correspondent/7651009.stm
        redundancy 0.0341796875




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