In his classic book The Logic of Collective Action, the late great Mancur Olson explained that the hardest policies to implement are those with diffuse benefits and concentrated costs. Olson’s argument was straightforward: individuals bearing the costs will vigorously oppose the policy, while the beneficiaries will free ride -...
“No matter how sharp your teeth are, you can't bite water.” – African proverb We have nurtured a culture wherein many seek power by any means necessary because the ‘might’ behind ‘the power’ enables them to “act more like themselves rather than having to act as the wider society would...
The Kandifo Institute has hosted the maiden edition of the Kofi Annan Scholars Webinar with Dr. Kodjo Esseim Mensah-Abrampa, the Director General of the National Development Planning Commission as guest speaker. This comes on the back of the annual Kofi Annan lectures. The webinar themed ‘Kofi Annan and Africa’...
Africa is gradually emerging as a preferred business destination for most firms, multinationals operating in the global business environment. This may be principally due to its available rich natural resources, population size, growing democratic institutions, rapid urbanization and emerging retail industry. In fact, the region is consumption-driven, and that...
– is it an obstacle in modern banking? “...I say, that Power must never be trusted without a check.”
― John Adams, Adams-Jefferson Letters Definition and general description A Separation of Duties (SoD) is the concept of having more than one person required to complete a task. In business, the separation by sharing of more than...
Ransomware – a type of malicious software that restricts access to a computer system until a ransom is paid – is not a good look for cryptocurrencies. Proponents of these digital coins would rather point to celebrity investors such as Tesla founder Elon Musk, Dallas Mavericks owner Mark Cuban,...
– a good risk management strategy “Challenges are what make life interesting and overcoming them is what makes life meaningful.” – Joshua J. Marine Dear readers, last week I shared titbits on how morning huddles can be utilized effectively as a risk management tool. Before I continue, I wish to reiterate...
ExxonMobil recently announced a five-year plan to reduce greenhouse-gas emissions and is pumping out ads proclaiming its commitment to a green future. Tobacco giant Philip Morris is touting its plans to help smokers quit. Facebook is calling for new internet regulations. And these moves come less than two years...
Corruption is a disturbing phenomenon confronting many economies across the globe, and more importantly Africa due to its deadly effect on the livelihood of citizens. In fact, corruption can lead to the misallocation of scarce economic resources, thereby depriving the citizens of meaningful development. Corruption can also affect the...