Exporters celebrating a stronger naira and rand are looking at the wrong metric. The real danger lies in import cover.
Investors chasing returns across Africa often confuse unfamiliarity with danger. The two are not the same, and conflating them costs the continent capital it badly needs.
By Lailla Mutajogera Last year, US$97 billion flowed into Africa – a staggering 75 percent surge that pushed the continent to 6 percent of global foreign...
