Vera Sidika and the New Capitalism

Last Friday, I watched a – shall we say – interesting interview on the variety programme ‘The Trend’ on NTV. The subject was a woman in her mid-twenties who goes by the trade name ‘Vera Sidika’ (we’re not too sure that is what her parents named her when she was a bouncing baby girl). And the bouncing imagery is just about right, because Ms. Sidika’s claim to fame is not a skill or talent, however spurious. She has gained fame purely on the basis of her enormous posterior. Where, in previous generations, this would have gained you catcalls from building sites and undue attention at nightclubs, Ms. Sidika has used hers to – she claims – get paid to be seen at those nightclubs. If she is to be believed, this has earned her millions of shillings and a Nigerian boyfriend who is not afraid to bestow on her hundreds of thousands of dollars.

What does this have to do with anything, especially an esteemed column such as this one on hallowed pages such as these? Be patient for a few moments, while I bring it round to something that really does have to do with you and how you conduct your business.

It is not about morality. True, there are many signs of a moral crisis in Kenya at present. Two nights before Ms. Sidika’s interview, the NTV reporter Elvis Raini spoke to a self-proclaimed ‘campus diva’, who is financing what seems to be a rather expensive lifestyle from a relationship with a much older man. So indeed, you can choose to fulminate against the drop off a moral cliff that Kenya seems to be experiencing, but the real story is elsewhere.

Ms. Sidika, who styles herself a socialite, is part of a brief tradition that had its beginnings in the mid-nineties. Women who had the flimsiest of skill sets, or simply had famous last names, parlayed these into ‘careers’ where they became (in the words of British journalist Malcolm Muggeridge) famous for being famous. This was helped in no small part to two revolutions – reality television and the explosion of the Internet. ‘Socialites’ are perfect reality TV stars, because they are willing to live their lives extremely publicly, and have suppressed their shame instinct to the level where their antics make for good entertainment.

The Internet, as well, has been a boon to them. Images and stories in entertainment sites feed into the popular media, which feed back into the web, in an endless feedback loop that ensures fame and fortune in complete disproportion to whatever the original claim to fame was.

Ms. Sidika seems to have taken this to its logical extreme. There is no reality television industry in Kenya of a size worth speaking of, so that is not an outlet for her ‘talents’. The Internet, as well, has not reached the critical size that would sustain the socialite industry at a level to justify the demands placed upon it.

What Vera Sidika has done is engage in the most pure form of capitalism. She’s taken the most rickety asset and parlayed it into outsized profit. And this has only happened because there are no rules to what she engages in. It is not prostitution in the proper sense of the term, but a new hybrid of being an escort girl, a celebrity and nightclub hostess, all rolled together in a very expensive (and bleached) package.

Many in the Kenyan economy are doing the same. Hundreds are trying (and a few succeeding) in building careers out of proximity to people in positions of authority. Entire (briefcase) businesses have been constructed out the fact that someone went to school with a person who is now in a position of influence over tenders and contracts worth billions.

Speak to most international – and local – investors. They’ll tell you how potential investments are often not analysed on the basis of their profitability and social value, but on whether these hangers-on will be able to carve out some undeserved revenue for themselves.

This free-for-all is not restricted to corruption. Teenagers who are barely able to handle a bicycle are now boda boda riders who are participants in the largest unregulated industry in the country. Tens of thousands of unskilled young men have let themselves loose on the roads, at the cost of thousands of lives and inconvenience to many. Their utility is not in doubt, especially in rural and peri-urban communities, but there are no rules, and no oversight.

The great thing about Kenya is that this unregulation (it’s not strictly deregulation, as the rules were not there in the first place) means that one can, in effect, build a successful business out of an idea without having pesky watchdogs looking over one’s shoulder. Mobile money is the best example, where companies like Safaricom became global champions because there was no one to disrupt their ideas and business models. Whatever asset or idea you have is enough to ensure that you can try and make the best out of it, and become a paragon of capitalism.

Also published in the Business Daily on June 10, 2014, at http://www.businessdailyafrica.com/Opinion-and-Analysis/How-Vera-Sidika-represents-the-new-face-of-capitalism/-/539548/2342232/-/item/0/-/x7xyx7z/-/index.html

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