hina is now the biggest foreign player in Africa. It’s Africa’s largest trade partner, the largest infrastructure financier, and the fastest-growing source of foreign direct investment. Chinese entrepreneurs are flooding into the continent, investing in long-term assets such as factories and heavy equipment.
Browsing: Current Affairs
This book assesses the challenges and provides concrete policy recommendations that can be taken by Africa’s leaders and citizens in the key areas to reset their economic trajectory, achieve their desired convergence, and meet the aspirations of their people.
Many new development initiatives have been introduced in Africa over the past few decades. Each of these has been heralded as marking a new era in the continent’s development.
The massive devaluation of the Naira by the CBN has left Nigerians scratching their heads and each others head. As they ponder the fate of the Naira, and why so many on fixed income see a rapid erosion of their purchasing power, the Council now feels compelled to provide elucidation. While this effort may not provide any relief of collective anxiety, it should provide a sense of direction.
The appointment of Professor Ibrahim Gambari as the new Chief of Staff to President Buhari of Nigeria is a wise decision. It is an important position that can only be occupied by an important person, and professor Gambari, by all meaningful standards, is an important person.
A recent, so far unexplained, spike in deaths in Kano, Nigeria, highlights the difficulty of tracking the spread of coronavirus, especially in certain large African urban areas. Kano is regarded as Nigeria’s second largest urban agglomeration, after Lagos.
Photo. Professors Ibrahim Gambari and John Ifediora. Abuja, Nigeria. The conference on “The State of Higher Education in Nigeria” held…
By Paul Kenyon. The dictator who grew so rich on his country’s cocoa crop that he built a 35-story-high basilica…
Nairobi- A Kenyan governor accused of corruption was ordered to step down during his trial, a minister and his deputy were arraigned in court for alleged abuse of office. Kenyans are not used to such things.
The governor of Kenya’s capital city has made no secret of his love for bling: He has posted photos of a golden lion statue and a gilded dining room set, and has shown up at meetings draped in gold jewelry. At rallies, he hands out cash to supporters.