There are no leftovers in life-
odds & ends merely remain until entropy decays
and corrosion will rust out the remnants
eventually it’s all used up, you see..

I’ll end spent, but invested in something better
maybe life is about how well we made return
on an interest endowed and embodied,
principle personified

Is profit the thing,
or just a measure of means
The testament of utilised capabilities
rates of resources vs. allotted time (i=prt)

Do our accounts balance out 
in the universal scheme,
did we manage to break even, 
or do deficits define our legacy?

What returns for the trust given:
Are we consumption-driven,
continually taking
without making
Some realisable contribution for posterity?

Some hungers can only be satisfied by productivity
and if the measure of a life were output vs. intake-
what changes in priority might best be made?

So maybe it’s best we expend our all in endeavors
worthwhile aims oft demand our all given for ends to be gained
why not at least attempt & risk for higher and better?

Ultimately, you can’t take it with you anyway…

6

Etsy Goes Public                              

Etsy Inc., the website founded a decade ago by a carpenter looking to sell wooden computers, nearly doubled in its trading debut after raising $267 million in an initial public offering.

A marketplace for handmade and vintage goods, Etsy opened up 93 percent at $31 at 10:49 a.m. in New York. The Brooklyn-based company and some of its backers sold 16.7 million shares for $16 apiece. Another highly watched IPO, by Virtu Financial Inc., is also expected to start trading Thursday. Like Etsy, Virtu priced its shares at the top of the marketed range.

Etsy’s offerings include a knit coffee warmer for $6.50 and a 1960 metal typewriter for $85. Etsy makes revenue by charging sellers listing fees and commissions. As a public company Etsy’s challenge will be to keep the artisans and craftmakers who sell their products on the site happy, as the it also seeks to build scale for investors. 

Photographer: Michael Nagle/Bloomberg     

© 2015 Bloomberg Finance LP

Ethiopia invests $240 million to construct a 250+ km road network

The first road project to be constructed is the 83.4 kms Sodo-Tercha asphalt concrete project in Southern Ethiopia  signed with China Railway Seventh Group Limited with a total outlay of  USD $84 million.

The second one  located in Northern Ethiopia is the Bilbela-Sekota road project signed with China first Highway Engineering Company, expected to cost USD 102 million, be 98.7 kms long and take 39 months to complete. It’s also expected to be 14 meters long in urban areas and seven meters long in rural areas.

The Third one is the 80.5 kms Dichito-Gaielfi roundabout- Beleho  in north East of Ethiopia to be implemented  by a local construction company  Defense Construction Enterprise. The project will see 63.5 kms of it built with Cement Concrete Rigid Pavement, while the rest 17 kms will be with standard asphalt basis.

All Three road projects expenses will be fully covered by the Ethiopian government

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Dump My Bank is a campaign asking people to pledge to take their money elsewhere if their bank refuse to rule out funding the world’s biggest coal port just 50km from the Whitsunday Islands. The campaign is already close to it’s initial target of 5000 pledges.

Elaine Porteous looks at the procurement challenges facing Africa’s manufacturing sectors and highlights some notable successes.

Kenya

Kenya, the hub of East Africa, has a well-developed manufacturing sector dominated by food, drink and consumer goods. Agro-processing of wheat flour and maize meal milling and sugar refining are the next main sub-sectors and Kenyan-based companies have a strong capacity for innovation, partly thanks to a good education system and a relatively workable transport infrastructure. While the government is not totally stable, it has ambition. President Uhuru Kenyatta said: “We want to make Kenya Africa’s gateway, manufacturing and technology hub and a home to millions of entrepreneurs.” He aims to reach double-digit growth by 2018 and trigger an “industrial revolution” to become a middle-income country by 2030 and has launched e-procurement for the government to “more or less eliminate abuse of our system”. Coca-Cola and its African bottling partners are investing heavily, as is Pepsi, funding new manufacturing lines and creating jobs and East African Breweries, a market leader and a division of Diageo, embraces environmentally sustainable procurement.

Ethiopia and Mauritius

Both have a growing textile manufacturing sector with Swedish clothing retailer H&M increasing its presence in Ethiopia, along with Tesco and Walmart.
Mauritius has special trade zones, reduced barriers to manufacturing and favourable tax options.

Nigeria

Nigeria has a serious shortage of electricity, a poor infrastructure, frequent regulatory changes and political instability. Despite all that, procurement professionals are surprisingly cheerful and optimistic.

Leonard Ebute, head of supply chain for West Africa at Kimberly-Clark, has reportedly said: “Ignore CNN, find credible local partners… look at the growth rate, the awesome demography, the sheer size of the market and most of all, the resilience of the Nigerian people.”

The automobile manufacturing and cement sectors enjoy strong government support and automakers there include Nissan, Mercedes-Benz and Skoda. Procurement skill levels also compare well with more developed markets like South Africa. General Electric, an American conglomerate, is building a $250 million plant to make electrical gear and companies like Nestlé, Unilever and Kimberly-Clark are active.