Where is the Interest of Africa in G7 or G20, by Ejike Okpa
Here is my 2 cents as usual. G7 or G20 – I hope you got the gist. African countries need to show substance by not going to everything they are invited to.
Be scarce sometimes to create demand.
With 54 nations, 49 in Sub-Saharan region, the largest block in any continent, Africa has leveraging power.
Create an African Union (AU) currency and develop an index of nations to guide on development financing as a guide for interest rates.
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Seek partnerships, not trading partners for selected sectors in order to minimize loan repayment fluctuations that wipe gains.
Public debts tailored on the basis of shared risks are better than selling commodities on IOU basis, and revenue gained is wiped by currency devaluation, which puts Africa behind perpetually.
The magic of money is enhanced on terms and conditions associated with the loan, not so much on the borrowed amounts.
Constantly chasing others while overlooking one’s comparative advantages puts one in a never-ending catchup.
Ejike E OKPA
Global Affairs Analyst
