Stand-Alone Posts

A Flurry of African Sovereign Debt News brings to you regular updates on events and happenings in Africa that reveal how sovereign debt issues are engaged by the various stakeholders.

The News and Events published every week include conferences, major developments in the field of International Economic Law in Africa at the national, sub-regional and regional levels as well as relevant case law.

February 15, 2020

February 15, 2020

 

This post-lecture reflection captures critical discussions from the 6th guest lecture of the Academic Forum delivered by Professor Mohsen al Attar, Dean of the University of West Indies Law School. The theme of the guest lecture was 'Decolonisation of International Economic Law'. Focusing on five tenets - capitalism, epistemology/knowledge, colonialism, international law and political economy – which Professor Mohsen used as a frame to foreground his analysis, this piece, explores the prospects and challenges of decolonising International Economic Law. In keeping with the Academic Forum's focus, it is argued that uncritical/Eurocentric approaches to teaching IEL in African universities hamper efforts to decolonise our epistemologies. In exploring alternate ways to re-frame, the global economic order, this piece also highlights the idea of 'social justice' as a valuable metric of development, i.e. socio-economic equity that raises the standard of living to the greatest extent relative to each of our circumstances.

January 26, 2021

 

The disclosures on Kenya's sovereign debt indebtedness so far indicate that there could very well be examples of hidden debt - particularly sovereign debt that may not be publicly or dully disclosed particularly to Parliament.  This together with Kenya's increasing indebtedness means that Kenya's Parliament and civil society groups like the African Sovereign Debt Justice Network and OKOA Uchumi must carefully scrutinize as well as the 2021 National Debt Management Strategy Paper and all the accompanying disclosures. Kenya's Parliamentary Budget Office has recently noted that increased interest payments on debt have reduced spending on development and recommended rescheduling of domestic debt.

For years UNCTAD has argued that hyperglobalisation, and the free trade agreements that promote it, has created unsustainable levels of instability, inequality, insecurity and ecological harm and called for a new paradigm of trade rules that is participatory and development-friendly, recognises the role of regulation and local political oversight, and can promote a level playing field and prosperity for all. The final RCEP argument is a symptom of that malaise - a step back from the excesses of the TPPA, but is a long way from a new paradigm. 

The study examines the role of the judiciary in constitution making in postcolonial contexts. The judicial implementation of the constitutionalised gender quota (two-thirds gender principle) in Kenya’s 2010 Constitution is used as a case study. There are two interlocking themes that run throughout the study. The first is the story of the two-thirds gender principle as a tool to transform gender relations both in the public and private sphere – how did it end up in Kenya’s constitution framework? What purpose was it meant to achieve? What has been its implementation journey? The second is Rule of Law and constitutionalism in postcolonial states – there have been a proliferation of studies on decolonised perspectives of constitutionalism in the Global South. The study explores a gendered constitutionalism tin both stories through an empirical study involving judges, public interest litigators, constitution review experts and civil society stakeholders.

The Financial Regulation International (FRI) is a practitioner-focused news service which features articles and opinion pieces about international and domestic financial regulation and private law disputes relating to the financial services industry.