Category Archives: Africa

On Negrologie

Keith Hart, the economic anthropologist who, from his research with urban slum dwellers in 1960s Ghana, coined the term ‘informal economy’, announced his intention a couple of days ago to kick-start the writing of a book, Africa’s Urban Revolution, with a series of blog posts. The first in the series appears today, and it is an… Read More »

Nigeria’s former president Obasanjo eats dinner with the FT

Here. The concluding paragraph: At close quarters it is hard not to warm to the man. He has a winning sense of humour and unshakeable belief in self as well as country: “I love Nigeria,” he says over breakfast. “Some people see that as a weakness.” There is also a streak of ruthlessness and a… Read More »

On the similarities between the financial rhetorics of colonialism and development

Since I have a background in Development Studies, and I am currently trying to develop a research plan for an ethnographic study of the Nigerian financial sector, the following, from Bill Maurer, Professor of Anthropology and Director, Institute for Money, Technology and Financial Inclusion, University of California, Irvine, resonates quite powerfully with me: Because European systems of… Read More »

Roubini on African markets

Fund managers should consider African markets such as Ghana, Kenya, Nigeria and Tanzania rather than chasing crowded emerging market trades elsewhere, economist Nouriel Roubini said. “It (Africa) is risky because there is less liquidity and the governance is not ideal. But in comparison to 10 years ago when there was civil strife and unstable governments,… Read More »

Recapitalising Nigerian banks

If you have been following the news, you know about the shake-up, the rescue and the proposal to buy off bad loans. Reuter’s report on the current state of the industry: Two of Nigeria’s nine rescued banks are in talks with foreign investors about recapitalisation but most of the others are more likely to be… Read More »

‘West Africa’s transport system is costliest in the world’

From NEXT: A study by the USAID on the West Africa Trade Hub has revealed that the region’s transport costs is the highest in the world and remains so because the trucking market in the region is highly regulated. “The regulationof the industry deter competition that would go a long way toward reducing transport costs”… Read More »