Tuesday, 20 October 2020

The recent global events of civil and political unrest that started in the US have brought to the fore the complex dynamics of urban memorialisation.

The protests have, in some places, led to renewed scrutiny of certain urban symbols such as commemorative statues – what they represent and how they are perceived and interpreted.

Unlike monuments and statues, place names (toponyms) are intangible, and less imposing, but nevertheless, an indispensable part of the urban symbolic landscape. Their inscription, erasure and re-inscription is highly political.

In a study of toponymy in Nairobi, Kenya, my colleague and I analysed how streets got their names. It’s important to examine this as street naming and renaming allows us to remember and forget events and people in history. It also articulates what values exist in pursuit of political or national interests.

We explain how street names are imbued with symbolic references of power structures within a society. During the period of British rule (1895–1963), toponymy was used as an exercise of power – it reflected British control. Soon after Kenya gained independence, streets were renamed as a way to renounce the colonial regime and its ideology.

But today, Kenyans are starting to question the naming of important public spaces after a few individuals, their families and political affiliates – the ‘political dynasties’.

In 1964, after Kenya had gained independence, a street naming subcommittee was formed under the town planning committee of Nairobi’s city council. This subcommittee came up with names or received suggestions from the public. There was then a vetting process and proposals were eventually sent to the Minister of Local Government for approval. Since then, different laws have been established to guide the naming and numbering of streets and properties, but the process has remained very much the same.

Looking forward, the government should consider honouring other people who have contributed to the growth of Kenya as a country – for instance its athletes, academicians and artistes.

It would also be important to point out how gender exclusive the street names are. For a long time, there was only one street named after a woman – Mama Ngina Street, Mzee Jomo Kenyatta’s wife. And later, after much lobbying, a street was named after Wangari Maathai, the 2004 Nobel Peace Prize winner. And in 2017, after the death of the firstborn daughter of Jomo Kenyatta, Margaret Wambui Kenyatta, Mugumo Road in Lavington was quietly renamed after her.

How streets are named, or renamed, serves as an important indicator of the values of a society – and what those in power might want to remember, or forget.

A colonial city

The vital role of street toponymy in Nairobi emerged at the inception of the city, at the beginning of the 20th Century.

Street names were used by the British colonisers to remove the indigenous identity of the previously marshy plain, known as Enkare Nyirobi (a place of cool waters), to create a new idyllic British city. Names such as Victoria Street, Coronation Avenue, Kingsway, Queensway and Elizabeth Way marked the modernising city to celebrate the British monarchy.

Delamere Avenue in the 1940s. After Kenyan independence, it was renamed Kenyatta Avenue, after president Jomo Kenyatta. Photo by © Hulton-Deutsch Collection/CORBIS/Corbis via Getty Images

In addition, names such as Whitehouse Road and Preston Road were named after railway officials. George Whitehouse, for instance, was the chief engineer of the Kenya-Uganda Railway. This is because Nairobi started as a railway depot.

Other streets were named after administrative and political leaders of the time such as Hardinge, Elliot, and Sadler, all of whom were commissioners of the British East Africa Protectorate.

Leading settler farmers and business people also had their names imprinted on the landscape. They included: Grogan Road after Sir Ewart Grogan – a pioneer businessman, and Delamere Avenue, after Lord Delamere – a pioneer settler farmer.

Apart from the British and European street names, there were a few Indian names such as Bazaar Street and Jevanjee Street. This is because of the large Indian community in Kenya, many of whom originally came to Kenya as railway workers. “Bazaar” refers to a business area or market, while Jevanjee was a prominent Indian businessman in early Nairobi who owned the first newspaper company – The East African Standard.

What was starkly missing were African street names during that period. This was a clear indication of the political and social dynamics of the time that put the European first, the Indian second and the African third.

Decolonising and Africanising

There was a shift at Kenya’s independence, in 1963. The city’s streets were redefined as symbols of nationalism and pan-Africanism. The process was not devoid of challenges. There were inconsistencies – for instance in terms of ethnic representation – owing to the diverse interests that needed to be accommodated. It was an enormous task for the new government.

Generally, under the new government, street names acted as sites for the restitution of justice (for those that suffered under British rule) and symbols of memory, ethnic diversity and unity.

The renaming of the streets happened in waves. The first was in 1964, with Delamere Avenue (which cuts the central business district into two) being changed to Kenyatta Avenue, after the first president of Kenya – Jomo Kenyatta. Hardinge Street was changed to Kimathi Avenue after the leader of the Mau Mau Movement – Dedan Kimathi.

The streets were often renamed after the political elite, a good number of whom came from the Kikuyu community, such as Kenyatta Avenue, Koinange Street, James Gichuru and Harry Thuku Road.

There’s a lot of political consideration that goes into street renaming too. For instance, in 1969, a street was named after Tom Mboya, a popular Minister who was assassinated that same year. Some called for Government Road (along which he was assassinated) to be named after him, others proposed St. Austin’s Road, along which he lived. Both options were rejected by the government, Government Road being too central and St. Austin’s being too peripheral. Victoria Street was the compromise. Government Road was later renamed to Moi Avenue and St. Austin’s Road to James Gichuru Road.

In independent Kenya the purpose of the toponymic changes was twofold: to erase names of the colonisers who were deemed as imposters and to celebrate the new heroes: Kenya’s political leaders and freedom fighters. The latter, such as Dedan Kimathi being celebrated superficially by the new political bourgeoisie.

Additionally, in the spirit of pan-Africanism, other African leaders such as Kwame Nkrumah, Albert Luthuli and Julius Nyerere were celebrated through street names. Beyond the African continent, leaders who fought for black liberation and civil rights in America, such as Ralph Bunche and William Du Bois were also honoured.

The future of street naming

Nairobi’s street names are like a small history lesson. The County Government should consider putting up signs that tell people their former names, to show how the city has evolved over time.

More must also be done to ensure these spaces celebrate future heroes. There is a need to enforce the Kenya Information and Communications (Numbering) Regulations 2010 and the establishment of a National Addressing System as proposed by the Communications Authority of Kenya in 2016. In addition, a national body for dealing with place names, similar to the South African Geographical Names Council, should be instituted.

Finally, public participation should be an integral part of the street naming process, because people are the primary producers and users of names.The Conversation

 

Melissa Wanjiru-Mwita, Post-doctoral fellow, Université de Genève

This article is republished from The Conversation under a Creative Commons license. Read the original article.

Published in Opinion & Analysis

According to the research data analyzed and published by StockApps.com, Alibaba stock (BABA stock) has over the trailing one-year period grown by 81.70% as of October 19, 2020. At the same time, its share price has an impressive year-to-date performance (YTD) of 44.89%.

To a great extent, its success has been attributed to the flexibility of its fundamental business model. Unlike US eCommerce giants Amazon and Walmart, Alibaba does not have any physical infrastructure for handling inventory. Rather, it connects consumers to retailers.

Putting the difference in perspective, Macrotrends reveals that Alibaba has only 117,600 employees on payroll. Comparatively, Amazon has more than 700,000.

As such, Alibaba posts a relatively high profit margin from sales than its competitors. Illustrating this, Alibaba’s net income to stockholders margin as of December 2019 was 34.87%, compared to Amazon’s 4.1%.

Alibaba Revenue in USD

While Amazon posted $11.58 billion as profit in 2019, Alibaba’s were a remarkable $13 billion. Interestingly, Amazon’s revenue for the year was $280.5 billion while Alibaba generated $56.15 billion.

Alibaba Revenue Surged by 34%, Cloud Computing by 59% in Q1 FY21

Alibaba has also benefitted from increased adoption of eCommerce arising from coronavirus effects on the market. During the first quarter of fiscal 2021 (Q1 FY21), which was from April to June 2020, its revenue surged by 34% totaling $21.76 billion.

Alibaba Revenue in Yuan

Its performance beat expectations as Bloomberg analysts had estimated a 28.8% revenue increase for the period. It was driven in part by Alibaba’s robust growth in digital retail as well as cloud computing.

Cloud revenue grew at a higher rate than overall revenue, 59% year-over-year (YoY), and net income increased by 143% to $6.57 billion. The cloud segment has been facing stiff competition from industry bigwigs including Amazon, Microsoft and Google. Primarily, the growth of this segment was attributed to increasing revenue from the company’s public cloud as well as hybrid cloud business. The International Data Corporation (IDC) states that Alibaba Cloud was the largest public cloud service provider in China for the March 2020 quarter.

According to Alibaba’s fiscal report, there was an increase of 28 million in the number of mobile monthly active users, driving the total to 874 million. On the other hand, annual active consumers increased by 16 million from the previous quarter to reach 742 million.

Moreover, based on a report from Seeking Alpha, Alibaba’s digital retail marketplace has 90% penetration in developed areas while in less developed areas, it is only 45%.

A major highlight of the Q1 FY21 had to be the record sales posted at the 618 shopping festival. On that single day, June 18, 2020, sales across the shopping platform amounted to $98.52 billion.

eCommerce Accounts for 87% of Alibaba’s Total Revenue

Courtesy of the surge in BABA stock, the Chinese eCommerce giant’s valuation as of October 19, 2020, had grown to $820.01 billion. It significantly widened the gap between Alibaba and Tencent, which is valued at $659.73 billion.

Just like Alibaba, Tencent has registered impressive growth rates in 2020, outperforming the market. Tencent’s revenue increased by 29% in Q2 2020 with adjusted earnings rising by 28%. Its stock has rallied over 50% over the trailing 12-month period.

When it comes to revenue generation, Alibaba has four core businesses. These include eCommerce, cloud, innovation initiatives and digital media and entertainment. In the June quarter, its eCommerce segment generated almost 87% of its total revenue and profit.

Alibaba Top Revenue Source 

Alibaba Cloud, which is the largest cloud platform in Asia, accounted for 8% of the total revenue. Innovation and initiatives generated 1% while digital media and entertainment accounted for 4% of the total.

Comparatively, Tencent makes money from online games, digital ads, social networks and fintech and business services. Its online games unit was the largest in the last quarter, accounting for 34% of revenue. It houses some of the top games globally including Honor of Kings, PUBG Mobile and Peacekeeper Elite.

Online advertising accounted for a 16% share of total revenue while social networks contributed 23% to the total. On the other hand, the fintech and business service segment accounted for 26% of the total.

In terms of growth, Tencent posted double-digit revenue increments across all its four core segments. Gaming revenue was in the lead with a 40% rise while fintech and business revenue surged by 29%. Social networks also rose by 29% as online advertising grew by a relatively modest 13%.

While Alibaba’s eCommerce and cloud business segments posted remarkable growth, digital media was up by 9% while the innovation initiatives segment was reduced by 6%.

Analysts project an increase of 29% in Tencent’s revenue and a 31% growth in earnings for the full year. On the other hand, the Alibaba estimate is 32% growth in revenue and a 16% rise in earnings for the year.

Published in Business
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