Looking at the visitor's map of the last days, I noticed that it is rare to have visitors from Africa on the blog. I have not the pretention to believe that what I write should attract worldwide audience but this fact makes you wonder what might be the reasons of this absence.
Most probable explanations could be the scarcity of decent internet connections and average revenue of Africans, not enabling them to put money aside to invest in stockmarket and other speculative ventures.
Cultural reasons : speculation could be far from daily priorities or political reasons : citizens from several african countries are forbidden to open accounts with European or US brokers.
Or simply the lack of adequate banking system: I have been living several years in Central Africa, banks were totaly inoperant and the simple notion of having a bank account was inexistant. Businessmen were importing goods paid in USD or Euro currencies, and selling them against local currency. ( thousands of banknotes to buy anything). 'Traders' were playing the role of banks by setting up exchanges were businessmen could trade full bags of local currency against USD , DEM or CHF . Daily rates fluctuating wildly with crazy inflation.
Your blog is interesting!
ResponderEliminarKeep up the good work!