Credit accessibility and rural development in the former Ciskei: an overview of Keiskammahoek

This study focuses on the issue of credit accessibility for the rural poor. Taking cognisance of the critical role played by innovative micro-lending mechanisms in the sphere of rural development, the study reaffirms the need to enhance access to financial services by rural communities. However, it also reveals the fact that there are numerous impediments to access to credit for the people living in parts of the Keiskammahoek District of the former Ciskei. Key among the impediments has been lack of awareness about the existence and the activities of micro-lending institutions. This has, in a large measure been blamed for many of the rural poor people's failure to approach such institutions for funding. As a result, the affected people's efforts to fully actualize themselves economically have to a certain extent been hampered. Consequently, as its core argument, this study views as crucial the need to tackle all the attendant impediments. It also suggests that as the first step, the government, NGOs as well as formal and informal lending institutions should endeavour to disseminate the requisite information on micro-financing and in enhancing the affected people's institutional capacity to effectively use credit obtained for commercially productive ventures. Without sorting out the basics first, credit extension even when easily availed may not have the desired impact. At worst, it may actually complicate the poverty situation as the people grapple with piling debts

The new initiative of the East African Cooperation : opportunities, challenges and prospects

The landmark inauguration of the East African Cooperation (EAC) on 14 March 1996 brought to the fore some key issues regarding regional economic integration in East Africa, particularly since it signalled the second attempt by Kenya, Uganda and Tanzania to form a regional economic bloc. The EAC's predecessor, the East African Community, had collapsed in 1977 in acrimonious circumstances. Prominent among the issues that led to the collapse of the East African Community was the perception of unequal gains from the integration scheme, with Uganda and Tanzania considering that disproportionate benefits were accruing to Kenya at their expense. With the new initiative, the question emerges as to whether the problems that caused the collapse of the Community will not beset the EAC and subject it to a similar fate. In an attempt to address this question, this study considers some of the theoretical issues relating to regional economic integration among countries at different levels of development, and attempts to provide an analysis of the new initiative of the EAC in the light of this theory and the history of the East African Community. The study also critically examines the objectives of the EAC and the integration strategy adopted by the three countries, and offers suggestions on the way forward. Among the arguments made in this thesis are that, contrary to the suggestions of orthodox static analysis, if the dynamic effects of integration are considered, then there may be important gains which may accrue to integrating states in the developing country context. It is also argued that different levels of development among integrating states need not necessarily be an impediment to economic integration. The study finds that, in spite of the enormous challenges facing the EAC, member states may be better off within the integration scheme than if they acted as individual units in a rapidly globalizing international system