Accra and Johannesburg have some way to go before making it onto anyone’s top 20. Both cities have a desperate gap between rich and poor but inequality is not a uniquely African problem.
The trillions of dollars spent on infrastructure demands democratic transparency and accountability. This applies to both the investment and to the effects on cities, societies and the environment.
Mega development projects can have a positive impact. But there are risks. Between 2004 and 2013, some 3.4 million people were ‘physically and economically displaced’ by World Bank projects alone.
The first Renaissance struggled with the same doubts and uncertainties and blinding possibilities that we face today. Any gains we make will have to be achieved amid relentless shocks.
The Kenyan example illustrates the importance of constitutional guarantees for devolution. But it also shows that devolution is no magic bullet for the problems of corruption and ethnic politics.
Grassroots protesters are questioning the logic of export-led ‘growth’ and renewed fiscal austerity pushed through the ‘Africa rising’ narrative. They want policies that meet their basic needs.
No election in recent times has so clearly presented American voters with such a stark choice when it comes to U.S. foreign policy. A guide to the major differences.
Big new investors such as the Asian Infrastructure Development Bank are key players in a worldwide infrastructure, and that could be bad news for the environment.
Angola’s Dos Santos is buying time. His promise to step down is an attempt to diffuse growing political tensions, as repression continues. He might relinquish his position, but not his power.
Nobel laureate and Kwame Nkrumah’s economic adviser Arthur Lewis saw Ghana as a testing ground for his ideas on economic development. But he was met with fierce resistance.
The reality of Rwanda is that there is no viable alternative to President Paul Kagame, within or outside his ruling RPF. Political rivals have died, are jailed, or have fled the country.
Recent studies show that development aid to poor countries contributes in the long term to their economic growth. But the aid architecture has adapted slowly to a new reality.
Professor of International Business Strategy & Emerging Markets at the University of Sussex Business School, and the Graduate School of Business, University of Cape Town