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Unlocking Africa’s potential needs action on governance

Events in South Africa, whose sovereign debt has been reduced to junk status by President Jacob Zuma’s crony capitalist rule, are another reminder that when power is exerted abusively shortfalls in governance can be highly damaging for the wider economy. This is also apparent in Democratic Republic of Congo’s minerals and Nigeria’s oil kleptocracies, which are both under renewed scrutiny, with international judicial authorities contemplating action against President Joseph Kabila’s long-time business partner Dan Gertler and sifting through new evidence against former Nigerian oil ministers from Dan Etete to Diezani Allison-Madueke.

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African Energy Gulf States Newsletter