Where some see an anchor, others see a millstone. To maintain the euro peg, notes Ndongo Samba Sylla, a Senegalese economist, these very poor countries must track the hawkish monetary policy of the European Central Bank. Since the introduction of the euro, income per person in the franc zone has grown at 1.4% a year, compared with 2.5% in all of sub-Saharan Africa.
This is from “Anne of Green Mountains” on twitter:
Friends, let’s talk about this for a moment: This study guide on Africa was given to the 3rd-grade daughter of a friend of mine from high school. I asked my friend's permission to share it on Twitter. Where to begin…WHERE TO BEGIN? pic.twitter.com/gCA5G19e4T
Mnangagwa has interesting theories of democratic transition (elite pacts, negotiated quietly, work) and Zimbabwe-UK relations (female British premiers are better for Zimbabwe than their male counterparts).
I must say I admire his practical approach (at least as stated here) to getting out of Zimbabwe’s political economy logjam of the last two decades.
I am not holding my breath for free and fair elections this year. But at the same time, I think that it is highly unlikely that Zimbabwe will go back to being as unfree as it was in the last two decades of Robert Mugabe’s rule.
Given the little that I know about Zimbabwe politics, my biggest surprise during this transition process has been the seemingly moderate levels of institutionalization of ZANU-PF and the military. It looks like the party will survive Mugabe, which is not something one can say about UNIP, or KANU, or NRM, for example.