At best, efforts by European, American and Japanese policy makers to spur growth may only succeed in slightly slowing down the pace of the approaching western economic depression. The economic woes being experienced by these countries are as a result of extensive rot occasioned by unchecked systemic greed left to fester for decades. Western-style, ultra-individualistic, … Continue reading Capitalism and the Search for a New Paradigm
“Why do some of our people sometimes talk and behave as if they are not educated,” queried the man from the podium, as he addressed his largely West African audience; “Illiteracy, the Bane of Africa’s Underdevelopment,” the international magazine headline recently declared; and according to the UNESCO Institute for Statistics, as at 2007, only 3 … Continue reading Education in Africa: Whose Education, anyway?
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