In the past week, one would have counted, easily, more than a dozen articles that have fiercely denounced the rascally comments by the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, while on a TV programme. While on air, Malami made a series of ill-thought pronouncements on the ban of open grazing by the southern governors. To sink more into his self-made quandary, Malami made the unfortunate analogy about northern governors banning “spare parts trading in the North.” A sizeable number of commentators have already dissected the illogic in Malami’s response and I am not about to litigate…

On May 18, African heads of state, European leaders, and representatives of international institutions gathered in Paris for a summit on financing African economies. As heads of African sovereign wealth funds (SWFs), we strongly believe that mobilizing national resources – and using them to attract additional foreign capital – is the only way to ensure our economies’ financial independence. The Covid-19 pandemic has exposed the lingering vulnerabilities of African economies. They remain too sensitive to exchange-rate risk, unable to finance themselves, and too dependent on donors. In addition, adverse risk perceptions mean that most international investors and asset managers still…