Nigerian deputy says investment, not aid, will lead Africa to prosperity

Dr Kingsley Moghalu

Africa is in need of a more coherent foreign investment strategy centred on venture capital rather than aid, according to Central Bank of Nigeria (CBN) deputy governor Kingsley Moghalu, who is a front-runner to succeed CBN governor Sanusi Lamido Sanusi this summer.

Africa today is "a place where business can be done, and that's a good thing", Moghalu said at the London launch of his new book Emerging Africa: How the Global Economy's ‘Last Frontier' Can Prosper and Matter, hosted by the Official

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