On climate change, the author canvasses a unified African voice at the negotiation table, in addition to learning lessons from industrialised countries and adopting appropriate mitigation technologies. He advises countries negotiating the exploitation of physical capital (land, for example) and other natural resources to ensure the best legal protections.
Mr. Mayaki posits that Africa’s problem is not a lack of financial resources but the absence of appropriate development strategies. He recalls a meeting he attended at the NASDAQ stock exchange in New York at which he discovered that African pension funds were awash with some $1.5 trillion capitalisation.
Mr. Mayaki uses data skillfully in the book. He writes, for example, that, “For each dollar of aid to a developing country, there is an illicit outflow of $10,” underscoring that Africa’s development challenges are as much a domestic problem as they are the result of corrupt practices of foreign companies operating on the continent.
The book is steeped in the author’s pan-African beliefs; he even devotes a section to a discussion of: “The path to collective emancipation.” That path, he advocates, is regional integration, which he touts as “our most ambitious political innovation since… the 1950s,” following the wave of decolonisation.
While he is enthused by the African Continental Free Trade Area, which entered into force in May 2019, he urges Africa’s gradual integration into globalization. The reader may see this latter point as a recourse to protectionist policies. However, he states that currently, “Africa trades twice as much with Europe than it does with itself.”
While Mr. Mayaki often gives speeches promoting women’s empowerment, the book does not include any substantive discussions of how this can be achieved.
Mr. Mayaki has a doctorate in Administrative Sciences, was a former Prime Minister of Niger and a university professor. A leading African intellectual-cum-technocrat would be expected to be wordy, but the 125-page book is breezy and refreshingly digestible.
The book is a wakeup call to Africa to make critical choices, although, surprisingly, the author recommends it essentially for future leaders. Still, current policymakers, development experts, researchers and political leaders will find it fascinating.