[This essay draws on a piece first published in Semafor.] Last week’s downgrade of the African Export-Import Bank (Afreximbank) to a notch above junk status by ratings agency, Fitch, immediately focused the minds of analysts across Africa on the Cairo-based multilateral development bank’s growing pains and identity crisis. New York-based...
I got word this afternoon via social media that the brother of Ghana’s President, and the Chief Executive of mining services firm, Engineers & Planners, has sued me for 10 million Ghana Cedis (GHS), the equivalent of about $1 million on Ghana’s frothy forex market. What is the source of...