Africa
Time for Africa to Change its Development Model from Washington Consensus Ponzi
Kenya’s antigovernment protests continues into the second month and are similar to Ghana’s in 2022, as both started from over taxation and worsening living standard, problems absent in South East Asia (e.g. Vietnam), which was also colonized. Kenya, Ghana, and Zambia have attempted development for 6 decades but lag behind Vietnam, which started developing under 4 decades ago. Clearly, Kenya and African countries need to change their development model from the World Bank/IMF’s neoliberal Ponzi for enriching western corporations.
Ethiopia on the brink of a coup?
Recent developments on the African continent show that the tide is turning away from francophone West Africa, which has seen 9 military coups in the last 7 years, and towards the Horn of Africa. Signs of impending instability are most visible in Ethiopia.
The Horn of Africa in the midst of disagreements
Ethiopian authorities are looking for a way to break through the established geographical blockade. The ambitious Ethiopian Prime Minister, Abiy Ahmed, took up this task. Experts say that Ethiopia’s determination to have its own port facilities in the Red Sea is leading to increased tensions in the strategically important Horn of Africa region.