How does the global financial crisis impact on Africa?

It will help Africa in general and Nigeria in particular because our political criminals who have been hiding our money in Europe particularly Britain will now see that Europe is not "safe heaven" as they were decieved and they will be forced to bring back the funds and invest in Nigeria / Africa.

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We folded our hands and watched a handful of sophisticated financial organizations hijack the global financial system and turn it into a heap of rubble within a matter of decades. These multinational organizations were not regulated by any government agency in any nation. They are literally above the law and not a single one of them have been…

…or will ever be indicted for what they have done. The answer they have in prospect is the establishment a World Bank. Irrespective of being in Africa, Europe, America or where have you, this is a global issue and it will affect every member of the global community.

The rate of economic growth in many African countries is the envy of many countries in the West. However, because the world is today, is one global village, financial crisis in one country or continent is likely to the affect others. 1 of 2

Remittances by Africans in the Diaspora to families back home which are documented to be in billions if not trillions of dollars are affected when and if these Africans in the Diaspora lose their jobs or are feeling the pinch of financial crisis in their adopted homes abroad. 2 of 2

why money is loosing value in uganda and the dollar rate is increasing day by day?

the world bank president, Mr Robert zoellick, says the global financial crisis has now made Africa, the most attractive continent for investment.

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Not different from the rest of the world. Those that deal in cash and those that have nothing will do as always and the other can’t escape global effects never mind where one is. However this time Africa is a victim of a different kind of dishonesty from outside Africa which added to its own infamous mismanagement does make things look good.