Osasu Obayiuwana: Who sets Africa’s agenda? – Its elected leaders? Or Europeans?

“We must find an African solution to our problems”Kwame Nkrumah (Prime Minister of Ghana, 1957-1966)

Anyone with an acute sense of history will remember how, in the late 1980s, the master-servant relationship between the International Monetary Fund (IMF) and Western financial institutions, on the one hand, and financially troubled African nations on the other, led to the imposition of flawed ‘Structural Adjustment Programmes’ (SAP) that devastated the economies of the countries that borrowed money under these onerous SAP terms and conditions. 

Read more …