The celebrated Kenyan writer reflects on how much India has been an important thread in his life and in the wider anti-colonial struggle in Africa, and calls for greater interaction between Africa, Asia and South America to escape the long shadow of the ‘Age of the European Empire’.
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It is not only African presidents who are corrupted by European aid-with-strings-attached. Evidence abounds showing a secret and extensive “suitcase” system in which millions of dollars are sent by African dictators to corrupt the European political process.
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African financial sectors have received much recognition for their steady growth performance and resilience during and after the 2008 global financial crisis. So – as the European debt crisis continues to unfold – policy makers are asking: Will African financial sectors continue to stay out of harm’s way?
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This is an excerpt from the upcoming book, Grow Rich in the New Africa, which is released in March 2012. With the downgrade of nine euro zone countries at the end of last week, this piece speaks directly to the changing risk profiles of developed and developing countries which leave a number of economies in Africa winners and a number of Western markets losers.
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Canadians see immigration as an opportunity while a majority of Britons, Americans and Spaniards view it as a problem. Similar discrepancies exist in France, Germany, Italy and the Netherlands, according to a survey carried out by the U.S.-headquartered transatlantic think-tank The German Marshall Fund (GMF).
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