Kids And Teens Financial Literacy Workshop on cards

📅 Published: August 19, 2025

Curated by AllZimNews.com

He stressed that Africa’s true wealth lies not only in its natural resources but also in its ability to govern them transparently, enforce contracts fairly, and ensure justice for all citizens.

Turning challenges into opportunities
Africa faces a $100 billion annual gap in foreign direct investment, he noted, a situation compounded by weak rule of law rankings, debt vulnerabilities, and predatory “vulture fund” cases.

These involve investors buying national debt at a discount on secondary markets, then exploiting weak legal systems to sue debtor nations for full repayment — plus backdated interest and legal fees. “Evidence suggests that foreign direct investments move more to countries that have political stability, stable democracies, transparency, and low levels of corruption,”Adesinasaid during the conference held at Kenya’s coastal town of Diani, some 35 kilometres south of Mombasa.

Other key drivers, he added, include an independent and transparent judiciary, strong regulatory frameworks, public accountability, efficient public service, competition policy, and respect for intellectual property rights.

He also underlined the vital connection between justice and development, arguing that access to justice must be universal. 🔗

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