His place doesn’t have a name, and it doesn’t need a name -it’s the only hang out on the coast of Dar-es-salaam. It’s located on the famous Oyster Bay where families lay out picnics by the side of their cars every sunday and young men lounge on the bonnets of their cars to woo the ladies.
Alfonse tells me that people save for weeks to be able visit his bar once a month. It never used to be this way and he’ll be joining us on the programme this evening to tell us more.
And here’s Dina, the local florist. She’s no ordinary florist. From a one woman band, her business is now flourishing throughout Africa. She’s quite star here in Dar. It was after a handful of locals mentioned her name that I decided to track her down to invite her onto the show.
We’ll also be joined by some professionals from the great basketball match we saw yesterday. Here’s what they had to say.
The IMF and some of Africa’s most influential policy makers are meeting here to try and come up with solutions to reduce the impact of the economic crisis on Africa.
But not everyone thinks there is a crisis and I’ve been amazed at how many people here feel that although things may not be ideal, they are getting by, people like Salim who will be speaking on the show. Their struggles are nothing new.
We’ll also be hearing stories from Senegal and Zambia about how the economic crisis is affecting people there.
Nick Moyo runs a few restaurants in Lusaka and will be joining us. He says Zambia is feeling the effects because there are fewer US dollars flowing into the country, and that’s bad news for his businesses.
The good news for Africa is that it has little direct exposure to the credit crisis. African banks have not invested much, if at all, in the problem financial assets at the heart of the crisis.
But the global downturn has undermined demand for many industrial commodities, which are important exports for several African countries. That includes oil in Nigeria, Angola and Equatorial Guinea, and copper in Zambia.
Remittances, money sent home by people working abroad, also look vulnerable.
As the US and Europe pursues a more protectionist approach – is it understandable that each country looks after itself? Will aid budgets have to be cut? Or was it the west that created this crisis and therefore it’s responsibliity to cushion the effects around the world?