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               n  early  2002,  I spent  a  few   government.  The  military takeover   their  private  interests  –  a  situation
               months  on  a  research  trip to   unfolded amid deteriorating security   that has had adverse effects on the
               Sousse,  a  southern  Tunisian   conditions  and  a pervasive  malaise   quality and provision of public ser-
          Itown  about  a  hundred  miles    about  the  government’s  corruption   vices. In a report commissioned by
          off the capital Tunis. It was immedi-  and indifference. President Ibrahim   the country’s human rights commis-
          ately after the twin tower bombings   Boubacar Keita, who came to pow-  sion, political scholar Patrick Asingo
          of the World Trade Centre in New   er  in the country’s  2013  elections,   rightly linked  the exacerbation  of
          York, and understandably the mood   is said  to have dragged  his feet in   Kenya’s problems to the concept of
          was as elsewhere in the Arab world   implementing a 2015 peace accord   the deep state, a situation in which
          pretty tense. At the time the US and   and was perceived by many Malians   every  action within the political
          the UK were also preparing to initi-  as promoting his family members to   schema  further  stimulates  the  ma-
          ate the war against Iraq. It was a time   state  positions  and  benefiting  per-  chine  of corruption. Needless  to
          of debate about the morality of such   sonally  from  international  financial   say, state capture has had profound
          an  involvement.  It was  also  a time   flows into the country.      implications for the consolidation of
          of  opinions,  heart-felt  and  strong   Here at home, many Kenyans ow-  democracy,  systematically  eroding
          enough. The Economist, an influen-  ing to a catalogue of bad experience,   democratic processes by undermin-
          tial British weekly journal presented   generally  acknowledge  that those   ing the election of public represen-
          Africa in its cover as “The Hopeless   holding state powers have done so   tatives, the institutionalization and
          Continent.” Upon my return back to   much wrong in the name of doing   normalization of democracy and the
          London, like most of my undergrad-  right.  Whereas  in  2020  the  GDP   socioeconomic  transformation  pro-
          uate brigade, I joined the dramatic   growth stands at a paltry 1.5 percent   cesses in Kenya.
          street  demonstrations  against  what   owing to the ongoing Covid-19 cri-
          we saw as a wanton Bush and Blair   sis, the country has attracted praises   Financial Sharks
          war.                               from the World Bank in the recent   The Kenyan situation aside, it is fair
                                             past for its strong economic growth   to point out that the calamities that
          Two decades later, none of us en-  that led to a “reduction in poverty”.   bedevil  the  continent  at  the  pres-
          visaged the significance of the ‘little’   World  Bank  figures  show  that the   ent  moment  are  a continuation  of
          debates  we  had in  hotel  bars  and   poverty  headcount  rate  declined   the policies of the past which Afri-
          cafes  in  downtown  streets  of  Tu-  from 43.7 percent in 2006 to 36.8   can leaders, under neo-colonialism,
          nisia, Algeria, and  Morocco  about   percent  in  2015  (latest data) while   have continued to pursue. Looking
          how volatile and politically stagnant   GDP  growth  averaged  5.7 percent   back, even the little ‘nationalism that
          the region  was,  would  come  to be   between 2013 and 2018, at 1.9 per-  most African leaders reflected in the
          disproved  and  at a pace none  of   centage points higher than the aver-  ‘Lagos Plan of Action’ and the ‘Abu-
          us imagined. It took the life of Mo-  age  for  Sub-Saharan  African  coun-  ja Treaty’, were abandoned in favor
          hamed Bouazizi, a young Tunisian   tries  (of 3.8  percent).  Yet in  spite   of now discredited Structural  Ad-
          street  vendor  who  set himself on   of all  these  economic  “gains”,  the   justment Program (SAPs) that were
          fire outside the governor’s office in   average  Kenyan  still feels  hivi-hivi   initiated by the World Bank in the
          the town of Sidi Bouzid while pro-  (disheveled) about the progress.   1980s.   African leaders  collectively
          testing at police harassment, bribery   Our transitional predicament oblig-  abandoned what had been emerging
          and corruption to unwittingly ignite   es  us  to try and  understand  these   as a continental agenda that would
          the multinational protest movement   local hivi-hivi  preoccupations  in   have  brought  meaningful  develop-
          also known as the ‘Arab Spring’ that   their larger historical setting. To be-  ment across Africa.  Instead it was
          has  since  rehabilitated the political   gin with,  while the whole  structure   the World Bank sponsored ‘adjust-
          landscape of north Africa.         of  the  country’s  2010  Constitution   ments’ that led to the denationaliza-
          To  date,  the  callous  treatment  of   emphasises the importance of pub-  tions,  privatizations  and  liberaliza-
          Bouazizi continues to strike a chord   lic life being governed by an organic   tions of the African economies that
          with millions  of Africans,  tired  of   body of humane norms and values,   exposed communities across Africa
          living under  corrupt  autocratic  re-  the state has  enabled  powerful in-  to new financial sharks in an ogre of
          gimes. For instance, as recent as Au-  dividuals  in politics, security, civil   ‘financialization,’ in which the Afri-
          gust 2020 the Malian military led by   service  and  business,  institutions,   can leadership begun to participate
          a 25-year-old  colonel  ejected their   companies and groups to influence   by heightened  corruption,  which
          civilian government following two   the country’s policies, legal envi-  drained  the continent  not only of
          months of street protests against the   ronment  and  economy  to benefit   the financial resource but also of the



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