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 »
Who manages Nigeria’s foreign reserves?
Answer.
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 »
Listening to those who have never heard of the MDGs
Head over to Texas in Africa for the full gist. Suffice it to say here that you should support the initiative if you can.
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 »
How to nudge Nigeria towards a benign trajectory
At the end of a CFR article that tries to deal with the political mess that is Nigeria, Richard Joseph, who knows Nigeria pretty well, ends on a somewhat positive note. His answer to anybody who asks him what he would like to do during the next elections: The response I advocate is to bolster… Read More »