Origin of Corruption in Africa and the Way Forward

Presentation made to the Parliament of Rwanda and other participants, during the international conference to mark the nation’s 50th Independence Anniversary in July 2012. Transparency International has defined corruption as “the abuse of power for private gains.”  Corruption can occur in several forms, but this paper focuses on what Hellman and Jones call ‘administrative corruption’, … Continue reading Origin of Corruption in Africa and the Way Forward

The Collapse of the Euro; the Fall of the CFA

The Euro zone continues to falter as uncertainties surrounding the fiscal actions of Greece and Italy, skyrocketing unemployment figures and living costs lead to an even gloomier prediction. Conversely, most African economies are increasingly recording impressive growth rates in GDP and in other yardsticks. One sore point of convergence in the Euro-Africa recession and growth … Continue reading The Collapse of the Euro; the Fall of the CFA

Investing in a Vacuum

Sub-Saharan Africa is currently experiencing phenomenal increase in the inflow of Foreign Direct Investments (FDI). According to the Organization for Economic Cooperation and Development (OECD), FDI flow into Africa peaked at $88 billion in 2008 - up from $9 billion in 2000 - overtaking foreign aid, which stood at $44 the same year. The Time … Continue reading Investing in a Vacuum