AFRICAN ECONOMY

Africa’s Tribute to One of its Greatest

Hadiza Wada, DBA …October 22, 2011

14^th African Union Session

Hadiza Wada, DBA

January 30, 2010

 

The African Union begins its 14^th Session summit Sunday, as the tenure of the Present Chair Col Muammar Ghaddafi comes to an end.  Though controversial at first, his gaining the chairmanship has placed the body on a heightened level of commitment to fostering unity of purpose, ideal, including attempts at physically unifying various aspects of African issues including economic interest, security interest, commerce etc. At time of publication, a press release from the African Union has announced the election of Malawian President Bingu wa Mutharika of Malawi to take over from the Libyan Leader. Full Article

The Biennial Summit of Corporate Council for Africa

Hadiza Wada, DBA ...October 3, 2009

The Corporate Council on Africa hosted its Biennial business summit between Africa and the United States at the Washington Convention Center of the capital of the United States, beginning September 29 and concluding on October 1, 2009.  Many dignitaries graced the occasion.    In her speech representing the Obama Administration, Secretary of State Hillary Clinton raised many issues, among them “We are eager to move beyond stereotypes that paint Africa as a land of poverty, disease, conflict, and not much else. And we will continue to lay a strong foundation for a new kind of engagement with Africa, one that is built on shared responsibility and shared opportunity, and on partnerships that produce measurable, lasting results.” Full Article

African Nations Strengthen Economic Ties with South America

One of the most ambitious steps towards the industrialization of the developing nations of Africa and South America has been launched today in the Venezuelan city of Porlamar, Margarita Island. Some 20 leaders as well as representatives from other government numbering up to 60 in total from African and South American countries is attending the summit to discuss issues concerning education, health, energy and global economic crisis. It is the second of such summit between the two continents.  The first ASA Summit was held between the countries forming the African Union (AU) and those forming the Union of South American Nations (Unasur) in Abuja Nigeria in November, 2006. The first Summit approved a plan to establish a common bank to finance development in both regions among other things, setting up various working committees for the realization of common goals reached at that time.  Full Article

Breathing Life Into The Economy: Lessons from Japan and China

Hadiza Wada, DBA
Dateline: September 5, 2009

African nations, as well as Nigeria that I know much better, aught to understand that nations of the world that drastically changed their economies for the better, and within the shortest possible time, did not get there by taking cosmetic measures.  They took strong turnaround measures to combat what they rightfully understood to be huge deep rooted problems.  They rightfully understood that they were heading somewhere they do not want to go. And that dancing to the tune of every other drummer (nations) to the detriment of its peoples’ immediate and long term needs and interest is not right and cannot be just.  So instead of treating the symptoms of a disease, and neglecting the disease itself, they correctly diagnosed the problems that led them to developing that disease, weighed their potentials as a nation, then changed everything including attitude, negative environmental influence, going after what they lack in resources to stay healthy even if from other countries etc. Full Article

 Revamping Strategies for African Economies

Hadiza Wada, DBA
Dateline: August 7, 2009

The current economic order globally is unsustainable.  For continued co-existence, every nation has to be a participant, whether a major producer or a consumer.  This demands at the bare minimum adequate ability to be either. Though the industrialized nations continue to hold the financial key to the realization of most developmental projects, and also the production of goods, the consuming nations have to be strong enough to continue to afford buying products or services from them.  The cause for global poverty, disease, and deaths according to various sources, lies with the IMF and World Bank’s strangling policies on the one hand, and unfair global trade policies on the other. Both sides are now sure that the result of continuing along the same path is suicidal.  Full Article

 

 

 

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