Posts Tagged ‘World Bank’

The sudden death of Ghana’s president, John Atta Mills, on July 24 did not come as a rude surprise. Most Ghanaians already knew his health was failing; he was losing his eyesight and voice.

For the seven months that I was in Ghana (Dec 2011-July 2012), he rarely made a public appearance — and despite official assertions to the contrary, most people did not believe he had the will nor the capacity to campaign (more…)

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AFTER giving a speech at a business conference in London a young analyst chatted with investment executives in the audience, then followed two of them to a nearby hotel lobby. Over glasses of Chablis the executives raved about their company’s worldwide network of extravagantly decorated offices and their fat annual bonuses. Then they offered the analyst a job.

What surprised him was not their interest, nor the chunky salary, but the place where they wanted him to help invest their millions: west Africa, the most backward part of a poor continent. In recent years investors have been piling into Lagos and Nairobi as if they were Frankfurt and Tokyo of old. Anaemic growth in the rich world has made sub-Saharan Africa an attractive destination

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