Word: africanism
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...from 30-odd years of disastrous involvement in the superpowers' proxy conflicts. Old ideologies crumbled, taking with them the failed socialist methods of Marx and opening the way to capitalist reforms. The demise of apartheid gave the continent a huge psychological--and economic and political--boost. A generation of African leaders who grew up to despise the exploitation of postcolonial dictators and kleptocrats has begun to supplant them...
...deputy managing director of Ashanti, then owned 55% by the government and 45% by London's Lonrho Corp. "I didn't know him," says Jonah. "He just reached out for the highest-ranking Ghanaian." In 1986 Jonah rose to the top job, becoming, according to him, the only black African ceo of a multinational company. "The obstacle to there being more like me on this continent relates to one thing," says Jonah. "Ownership. If Rawlings had not taken a personal interest in the mining sector, the level of prejudice would have kept me underground forever. I still tell my Ghanaians...
...managing its natural resources effectively. Ashanti has led the country's gold production to record highs. Floating public shares on the New York Stock Exchange in 1994, the government sold off 30% of its interest. Then Jonah went shopping, acquiring mining interests and prospecting rights in 15 other African states. Instead of confirming that any multinational company involving foreign owners will only exploit African labor and steal Africa's natural resources for the benefit of shareholders overseas, Rawlings and Jonah have turned Ashanti into a model for made-in-Africa industrialization...
Lucia Quachey, president of the Ghana Association of Women Entrepreneurs, is proud that Hage-Ali is showing the world the other side of the African woman. "Not just the woman with the child on her back, pregnant, wood on her head," she explains, "but the African women who operate computers, who employ people, who generate resources to help in the growth of the national economy." Those are the women Nana Konadu Agyemang Rawlings, Ghana's First Lady, has drawn into the biggest and best-organized women's association in Ghana, the 31st December Women's Movement, named after...
...might call it a second-chance African revolution. What every country striding forward shows is that progress comes first to those who adopt the principles and practices of capitalist democracy. There are some common lessons here that any African nation can learn: free-market economics works, including privatization, entrepreneurship and often the stern measures of wholesale reform to jump-start failed economies. So does agricultural self-sufficiency, starting from the bottom up. And decentralization, spreading development outside urban capitals to the vast rural majority. And women's empowerment...