While this is true, the reasons for the peace and security problems in Africa are IMO a classic wicked problem. Investment alone is not enough. The new U.S. Sahel Strategy identifies that Africa’s security issues are tied to Governance weaknesses - which seems correct.
https://twitter.com/gedeyhaben/status/1551185276659290113
Thing is though these “Governance Issues” are in large part caused by the manner in which the west has engaged with Africa. Specifically facilitating the theft of the foreign exchange earnings from minimal resource exploitation including hydrocarbons.
This appears to be SOP.
This appears to be SOP.
The only way I can conceive of addressing this involves solutions which address the banking intermediaries, and the flawed banking laws, regulations and oversight with make this possible.
And that will be a bitter pool for the bankers in NYC and London in particular to swallow. Absent efforts to address this I can’t see anything changing in Africa.
The #PanamaPapers and other banking secrecy leaks have identified precisely what is broken. Now it needs be fixed.
The #PanamaPapers and other banking secrecy leaks have identified precisely what is broken. Now it needs be fixed.
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