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Published 6th February 2020

Vol 61 No 3


Revenues and resources are the key

Copyright © Africa Confidential 2020
Copyright © Africa Confidential 2020

Governments will have to raise far more revenue and staunch capital flight if they are to boost growth and investment this year

Africa will be thrown back on its own resources and internal revenue-raising capacity, at least for the short term, as the economies of major trading partners in Asia and Europe slow down. The terms of commercial finance in Africa could be more onerous for many countries in 2020, and the pool of concessional finance for the continent has remained almost unchanged for two decades, despite a quadrupling of Africa's gross domestic product to US$2.1 trillion in that period.

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Shock ruling resets poll

Peter Mutharika is sworn at the Kamuzu Stadium in Blantyre, 28 May 2019. Pic: Peng Lijun/Xinhua News Agency/PA Images
Peter Mutharika is sworn at the Kamuzu Stadium in Blantyre, 28 May 2019. Pic: Peng Lijun/Xinhua News Agency/PA Images

The Constitutional Court has nullified the presidential election and re-set the political landscape

The Constitutional Court has ordered a fresh presidential election, saying the Malawi Electoral Commission's (MEC) failure to follow its duties under constitutional and electoral l...


Over the rainbow

11 February 1990: Nelson Mandela celebrates with Winnie Mandela as he is released from Victor Verster prison. Pic: Graeme Williams/DPA/PA Images
11 February 1990: Nelson Mandela celebrates with Winnie Mandela as he is released from Victor Verster prison. Pic: Graeme Williams/DPA/PA Images

Ramaphosa grapples with economic crisis, corruption prosecutions and power shortages on a historic anniversary

The 30th anniversary of then-President FW de Klerk's announcement on 2 February 1990 of the release of Nelson Mandela nine days afterwards passed quietly as investors gathered to s...



BLUE LINES
THE INSIDE VIEW

The traditional reluctance to speak ill of the newly dead is serving Daniel arap Moi well. The death of Kenya's President from 1978-2002, on 4 February aged 95, has been greeted with accolades from African and Western officials in the media. Moi dominated Kenyan politics for over two decades. After surviving a plot to block his succession, he systematically co-opted or cudgeled his opponents, with the help of enforcers Nicholas Biwott and Wilson Boinett.

Many cheered at first when wea...

The traditional reluctance to speak ill of the newly dead is serving Daniel arap Moi well. The death of Kenya's President from 1978-2002, on 4 February aged 95, has been greeted with accolades from African and Western officials in the media. Moi dominated Kenyan politics for over two decades. After surviving a plot to block his succession, he systematically co-opted or cudgeled his opponents, with the help of enforcers Nicholas Biwott and Wilson Boinett.

Many cheered at first when wealthy cash-crop exporters from Central Province lost out and Moi used the state to distribute jobs and resources to his Kalenjin people and other minorities. He was also a stalwart Cold War ally of British and US governments who ignored the worsening repression and state theft until Kenya's pressure for political pluralism became irresistible. 

When Moi took over from founding President Jomo Kenyatta, the economy was growing at 6.9% and Kenya was seen as an African country following in the footsteps of the fast-growing East Asian economies. When he handed over to Mwai Kibaki, growth had slumped to 0.6%, after 13 politically connected banks had collapsed in the previous decade, and a state-sponsored export scam known as Goldenberg lopped about 10% off national income. All Kenya's leaders today owe Moi: President Uhuru Kenyatta and William Ruto were directly backed by him at different stages, as was Musalia Mudavadi. Even Raila Odinga rose to opposition stardom after being jailed by Moi.

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