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Africa Business and Economy

Technology is the Root of All Evil
Technology has been used by others to exploit Africa for centuries. It is now time for Africa to grasp technology and finally embrace the modern age’s clay of wisdom and advancement, argues Philip Emeagwali

Ethnicity and tribalism: are these the root causes of the Sudanese civil conflicts?
Recent civil conflicts in Sudan, including in Darfur, have commonly been explained as clashes between competing ethnic groups. Pamela Paglia argues that this concentration on ethnicity as the primary cause for conflicts in Africa underestimates the complexity of African societies and politics.

Getting Our Priorities Right: Pan-continental government is not a substitute for reform.
The quest for a pan-African government is a diversion from the real challenges facing the people of continent, argues Ike Nnedu. African nations need better governments, not another layer of incompetent, rent-seeking politicians and bureaucrats.

Globalization still hurting poor nations 
More countries are now integrated into a global economic system in which trade and capital flow across borders with unprecedented energy. Nonetheless, argues Ravinder Rena, globalization has become painful, rather than controversial, to the developing world.

Rich countries and their leverage on Africa
Global demand for natural resources will bring benefits to Africa — increased FDI and improved balance of trade figures — but one of the main concerns is that the scramble for Africa is fuelling corruption, environmental degradation, and internal dissent, writes Ravinder Rena

When Will Ethiopia Invest in Ethiopia?
Ethiopia needs to invest more on manufacturing its own goods. The country has the resources to achieve this. What is lacking is the political will, argues Eleni Agiz.

Rich nation, poor citizens: The Missing Links for Increasing Output and Alleviating Poverty in Nigeria
Nigeria's economy is characterised by the paradox of poverty in the midst of abundance. Sa’idu Sulaiman outlines some measures for change to increase output and alleviate poverty in the country.

African Partnership - A Corner Stone for Global Economic Development
The G8 summit, which met in Gleneagles in Scotland from 6-8 July 2005, has put Africa at the top of its agenda. In March 2005, the Commission for Africa that was set up by Tony Blair also called for another $25 billion for the next three to five years.

The Myth of Neo-Colonialism
Blaming Africa's woes on colonialism and neo-colonialism strikes a cord with many educated Africans, but the focus on external forces has drawn attention away from internal factors crucial to an understanding of Africa's condition. With or without colonialisation, African societies would still today be faced with fundamental economic dilemmas, argues Tunde Obadina

Slave trade: a root of contemporary African crisis
The slave trade was a crucial part of the development of international capitalism. The role of African ruling classes in the trade was not very different from the position of contemporary African elites. They both traded the resources of their people for self-gratification, argues Tunde Obadina.

 

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