Efosa Ojomo

May 16, 2024 | christenseninstitute.org | Efosa Ojomo

With a GDP per capita of approximately $555 and annual national government expenditure per person at $109, Malawi is one of the poorest countries in the world. This means spending on virtually everything in Malawi is low, including education. Even though Malawi spent almost 23% of total government expenditure on education from 2017-2019, this amounted to just $52 per capita.

May 1, 2024 | christenseninstitute.org | Efosa Ojomo

On April 24, early registration to the largest anti-corruption event of the year opened. Almost 30 years ago, in 1995, Transparency International published the first Corruption Perception Index (CPI). Since then, the organization has ranked countries and territories based on the perception of public sector corruption. Investors and multinational companies use the CPI and other global indices to make decisions on whether or not, and how much, to invest in a country.

Apr 25, 2024 | businessday.ng | Efosa Ojomo |Babatola Ayomide Victoria

By Efosa OjomoDeja vu. In 2015, many multinational companies exited Africa. Nestle cut staff across 21 countries and Barclays, Coca-Cola, Cadbury, Eveready, and SABMiller retreated from different African markets they once believed had promise. The allure of Africa, particularly the widely referenced Africa rising narrative, was fading.

Apr 23, 2024 | christenseninstitute.org | Efosa Ojomo

Deja vu. In 2015, many multinational companies exited Africa. Nestle cut staff across 21 countries and Barclays, Coca-Cola, Cadbury, Eveready, and SABMiller retreated from different African markets they once believed had promise. The allure of Africa, particularly the widely referenced Africa rising narrative, was fading. The reasons the multinationals cited were all too familiar: failing or inexistent infrastructure, smaller than expected consumer market, struggling institutions, and corruption.

Apr 18, 2024 | christenseninstitute.org | Efosa Ojomo

There is nothing automatic about the “progress” part of technological progress. – Daron Acemoglu and Simon Johnson, Power and Progress: Our 1,000-Year Struggle Over Technology and ProsperityIn their book, Power and Progress: Our 1,000-Year Struggle Over Technology and Prosperity, Daron Acemoglu and Simon Johnson provide compelling evidence that the path from an invention to inclusive prosperity is rarely straightforward.