Africa's WTO moment

In the running: Okonjo-Iweala PIC: WWW.THISDAYLIVE.COM
In the running: Okonjo-Iweala PIC: WWW.THISDAYLIVE.COM

If she is chosen to head the World Trade Organisation (WTO), former Nigerian finance minister Ngozi Okonjo-Iweala, an experienced development economist, would make a broken institution relevant again. She has the gravitas to build bridges between the US and China, on the one hand, and between the WTO and Africa, on the other. KINGSLEY CHIEDU MOGHALU* writes

BOSTON: The selection of the World Trade Organisation’s next director-general has entered its final phase, with two candidates left in the running: Ngozi Okonjo-Iweala, a former Nigerian finance and economy minister and a former managing director of the World Bank, and Yoo Myung-hee, South Korea’s trade minister. In view of the WTO’s current challenges, Okonjo-Iweala is the better choice.

The WTO faces two major crises: an institutional crisis caused by the great-power rivalry between the United States and China, and a crisis of globalisation – of which the WTO, as the overseer of global trade rules, is a major symbol.

Editor's Comment
Are police trigger-happy?

Unfortunately, that day turned sour for those who were shopping at Sefalana Cash and Carry in Gaborone West Industrial.The exchange of fire that ensued between members of the Botswana Police Service (BPS) and robbers who had allegedly robbed a G4S cash-in-transit vehicle left two civilians dead, three robbers struck down, and an undisclosed number of citizens wounded.One deceased civilian is reportedly an employee of the Citizen Entrepreneurial...

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