In discussing the disparities in the distribution of “development,” wealth, power and poverty in Nigeria, many people—most of them young, but educated—seem not to be conscious of two important factors, namely: the factor of history and the factor of capitalism.

Strengthening cooperation in trade, economy and culture, as well as current international and regional matters were top issues in talks between President Vladimir Putin of Russia and President João Lourenço of Angola at the Kremlin on 4 April.

The working class exists for humanity; if it is to radically change the world, it must wage its own war against the “I” and for the “We”, learning about and building on the struggles of the past to save humanity. 

In this article, the author wonders whether Marxism, as a framework of analysis and reference, is relevant in Africa, especially in this time where the capitalist system has accelerated its exploitation of the working class labour.  

Upon taking power in a palace coup a year ago, Cyril Ramaphosa’s African National Congress (ANC) government was supposedly going to sweep out the prolific corruptionassociated with the 2009-18 Jacob Zuma ANC regime. But although excruciatingly-slow progress is being made in evicting the most obvious villains, durable Zumite influences remain, and whistleblowing continues to unveil rapid ANC degeneracy, even stretching into the Ramaphosa family. 

This article looks at how African countries are amassing unsustainable loans, mostly from China to fund their infrastructural projects. Is Africa turning out to be a remedy for China’s over-accumulation problem by serving as a major locale for a spatio-temporal fix?

World Bank president Jim Kim is an ex-leftist who claims that in the mid-1990s he wanted to shut down the Bank. At the time, it was an entirely valid, realistic goal of the 50 Years is Enough! Campaign and especially the World Bank Bonds Boycott. Kim’s co-edited Dying for Growth (2000) book-length analysis of the Bank’s attacks on global South public health offered very useful ammunition.

The old guard of South Africa’s ruling party put on new clothes last year, and a new party of the working class finally made its debut.

Estimates demonstrate that, over the last 40 years, Nigeria has been loosing billions of dollars daily to corruption and wastages of the country’s resources. 

The author argues that President Trump’s proposed new Africa strategy seeks to make geo-economics the governing and guiding principle of US foreign policy on the continent. 

The Universal Declaration of Human Rights turned 70 on 12 December and governments and civil society organisations around the world were commemorating the day with a range of activities.  However, the threat of illicit financial flows to the respect of human seems to have been forgotten on that day. 

This week’s hush-hush visit by International Monetary Fund (IMF) Managing Director Christine Lagarde to Pretoria (between stops in Ghana and Angola) is mysterious. In contrast to last week’s IMF press briefing claim – “Madame Lagarde will hold meetings with the authorities, as well as fairly extensive meetings with the private sector, civil society, academia, women leaders, and of course the media” – there is a complete information void here, with no public events scheduled.

From Cape to Cairo, there is a wide-ranging call for decolonising the university curriculum and to some extent primary and secondary school programmes. This call is motivated by the inability of the current knowledge produced at African universities to transform the society, and to respond to the socio-economic needs of our continent, mother Africa.

This is a summary of a historic week for Argentina at the heart of the current economic turmoil. 

Hundreds of thousands (potentially millions) of poor and destitute ex-workers and their families have lost most of their confidence in the integrity and “reputation” of the Financial Sector Conduct Authority and its Treasury parent, to perform their functions in a just, equitable and efficient manner, to serve their interests. 

In 1991, the globally recognised anti-West Soviet propaganda machine collapsed and disappeared. Nonetheless, Russia and Southern African Development Community member states have had long-standing and time-tested bilateral partnerships for nearly 30 years after the Soviet collapse. In this long-ranging interview, the Executive Secretary of the Community, Stergomena Lawrence Tax, discusses various aspects of economic cooperation with Russia, some strategies, challenges and future perspectives with Kester Kenn Klomegah from Moscow.

South Africa has just witnessed two major economic events, which spoke volumes about the prospects for global and local capitalism: an austerity-oriented budgetleaving the economy far more vulnerable to renewed world financial chaos; and a sham investment conferencefeaturing capitalists with just as strong a record of super-exploitation and deceit as those who went to Mohammed bin Salman’sin Riyadh the week before.

The legacies of colonial rule, both generally and in particular categories of colony, have and still continue to affect post-colonial economic development in Africa through the extraction of resources and illicit funds. The new agency for this is the “Corporation”, which has its origins in the East India Company sanctioned by Queen Elisabeth I as a royal charter. 

This article discusses the conceptual underpinnings of economic integration among sovereign states, countries’ motivations for seeking membership in economically integrated blocs, the necessity of economic integration, and the necessity of economic integration beyond the current and unprecedented attacks on its relevance by some countries. 

Ethiopia’s privatisation project has earned acclamation from the usual suspects including the World Bank, International Monetary Fund, lenders, and foreign bargain hunters among others, but a serious conversation among Ethiopians has yet to take place. This commentary intends to draw the attention of policy makers to some of the grey areas of privatisation of state-owned enterprises in the country.