LETS INCREASE ZAMBIAS POPULATION NOW : Zambia must keep its rapid population growth, otherwise, we will not progress rapidly in the business world, as our market will remain a small basket, unattractive and a disincentive to business. The total population in Zambia was last recorded at 14.6 million people in 2013 from 3.1 million in 1960, changing 373% during the last 50 years, beating China, which has only grown by just over 51% in last 50 years. If we have a huge population, even internet communication will be cheaper - turnover will be higher. In China, you can spend K600 for 3 years internet bundle - that is what we spend in a month in Zambia. Similar costs happen in South Africa - all because the population supports lower costs. The 14,6million people, covering 752,000 square kilometres, is just a drop on this land. Let us increase our population and stop listening to unfounded population depressors from the West so that we can have sustainable business, not dependent on exports and keep our economy buoyant, internally. This week, our government has directed all parastatal companies to enlist on the LuSE, but that is still not going to help matters of the economic balance sheet, our buying population is still too small. If all the major economies, that are strong at home, they have huge populations, let us follow them. China’s 1,357 billion people, claiming 19% of world population, followed by India at 17% (1,2bn people), USA with 4.4% (318million people). In Africa Nigeria which has 2.48% of world population (178.5million people), Egypt 87m and South Africa 54million people are all doing well economically, because they have a huge local market. All these countries’ economies boast of robust Stock Exchanges have large populations. Alibaba Group of China, the largest stock offer in history, has made Jack Ma, founder of e-commerce giant Alibaba Chinas richest person with a fortune of $25 billion, an annual wealth ranking in the worlds second-largest economy showed Tuesday. It has been an amazing year for Chinas best tycoons despite the jitters about the Chinese economy, said China-based luxury magazine publisher Hurun Report in its annual rich list. Ma reaped more than $800 million selling shares in the company he set up 15 years ago as Alibaba listed on the New York Stock Exchange Friday, based on company filings, with the value of his remaining stake of 7.8 percent surging to more than $17 billion by Monday. Last year, the estimated wealth of the former English teacher turned internet entrepreneur was just over $4 billion, which did not even place him in the top 20. Alibaba’s listing raised a total of $25 billion. But only one other Alibaba cofounder, now vice president of its China investment team Simon Xie, made the rich list, Hurun Report said. Alibaba Group has reportedly sold additional shares of the company, making the listing of the Chinese e-commerce firm the biggest in history. Alibaba shares opened lower in early trading Monday and tumbled more than 4 percent later in the morning. Reuters reported on Monday, that bankers of Alibaba have exercised a green shoe option by buying an additional 48 million shares from the company to cover stock they sold to meet high investor demand. This takes the value of the deal to $25 billion, exceeding the $22.1 billion IPO by Agricultural Bank of China in 2010 and the $22 billion listing by ICBC in 2006. The pricing of Alibabas IPO on Thursday at $68 per share initially raised $21.8 billion. Alibaba and several shareholders sold 320.1 million American Depositary Shares in the offering. But according to the IPO prospectus, underwriters had the option to sell additional shares from Alibaba, Yahoo and Alibaba co-founders Jack Ma and Joe Tsai to meet high investor demand. The most actively traded stock on the Nasdaq, Yahoo fell nearly 6 percent on Monday to below $40 a share. Most Chinese tech stocks listed in the United States, such as search engine Baidu and microblog site Weibo, fell an average of 4 percent on Monday. Alibaba began trading on the New York Stock Exchange on Friday with a bang, soaring 38 percent to close at $93.89 per share. At least 12 other firms, including Chinese ones, are expected to go public this week, for a total of $7.5 billion in new stock Jack Ma, the CEO of Alibaba, celebrated taking his Chinese e-commerce company public in what is now the largest IPO in history over dinner at Tao Downtown Sunday night. The 50-year-old entrepreneur — whose company is now valued at more than $200 billion — was the topic of conversation across the dining room as other guests noticed a very happy-looking Ma enter with 50 people. The group, sources said, seemed in high spirits during dinner. (You would be, too, if you were personally worth $18 billion). With Friday’s IPO, Ma became China’s wealthiest citizen. Alibaba’s stock has surged nearly 40 percent since it went public, to about $90 per share. //Jack Ma rings a bell to celebrate as the Alibaba stock goes live during the companys IPO at the New York Stock Exchange. Photo: Getty Images//
Posted on: Tue, 23 Sep 2014 19:34:14 +0000
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