Opinion & Analysis
Global financial flu finally catches up with Africa
Nigerian President Umaru Yar’Adua. The Central Bank of Nigeria injected Sh200bn into five banks as equity capital as they were heavily undercapitalised.
By Carol Musyoka
(email the author)
Posted Monday, August 24 2009 at 00:00
Posted Monday, August 24 2009 at 00:00
I have said this before, and I am saying it again. A crisis should never be wasted.
Previously I said that I would draw great comfort if I found a CBK team dispatched to New York to learn from the Americans on what not to do.
I wish to restate it thus: I would draw great comfort if I found a CBK team dispatched to New York via Lagos to learn from two markets in crisis on what not to do.
carol.musyoka@bungani.com
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