I knew, all I was thinking in my head was not an impossibility, now that I have heard Tony talk about this I'm even more convinced that the private sector is the key to African development, private sectors need to declare, along with their monetary dividend, their welfare development dividend. Yes heavy private capital should fuel the core pillars lacking in most African countries. Electricity, agribusiness and basic commodities manufacturing to mention a few. We have the skills we have the people, we just need to usher in a new paradigm in our people, to shift our vision of Africa. I dream of a single African currency, I dream of a central African Reserve Bank. All these we will achieve, I thank Mr Elumelu for re-iterating my sentiments about the African future. Africapitalism is the future
Africapitalism as a guiding set of principles for future private sector participants, not so much the call for uniform/merged institutions. National central banks and 'economies' as they exist mask inefficiencies of less productive areas within national borders. Don't you think this predicament would be exacerbated to the supranational with the marriage of all central banking institutions and the like in sub Saharan Africa ? Poorer feedback mechanisms wouldn't necessarily aid growth.
