14 May 2024

Africa’s Economic Development: Exploring Geopolitical Complexities And Contradictions – Analysis

Kester Kenn Klomegah

Within the context of rapidly geopolitical changes and the Russia-Ukraine crisis, African leaders have to absolutely rethink and take strategies to save their straddling economy. Both situations have created increasing problems across the world. The underlying causes are well-known and therefore allowing its possible effects to largely influence the already-stressed economic development processes will spell disaster and tragedy for Africa and its 1.4 billion population.

Several years have elapsed after the United Nations declared Africa’s political independence. Archival records show that Russia not only supported African countries in liberating themselves from the yoke of colonialism and attaining political independence but also facilitated in the UN General Assembly adopting in 1960 the Declaration on the Granting of Independence to Colonial Countries and Peoples. It was precisely May 25, now more 60 years ago, but still Africa is far away from attaining its economic freedom despite the huge natural and human resources there. The resources are untapped, development remains shabby while about 60% of the population impoverished.

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