Africa: How the Global Economy's 'Last Frontier' Can Prosper and Matter

Kingsley Moghalu, Deputy Governor, Central Bank of Nigeria
book listing

Emerging Africa: How the Global Economy's 'Last Frontier' Can Prosper and Matter - published by Bookcraft (Ibadan), June 2013. 

In this thoughtful and elegantly written book, Kingsley Chiedu Moghalu explodes the myths and conventional wisdoms about Africa's quest for economic growth in a globalised world with a paradigm-shift perspective on the continent's future.

Masterfully deploying arguments grounded in philosophy, economics and strategy across a  range of subjects; from capitalism to transformation agendas, finance to foreign investment, and from innovation and human capital to world trade, he demonstrates persuasively how Africa's progress in the 21st century will require nothing short of the reinvention of the African mind.

Publication details and online ordering available from Bookcraft Africa and on the 'Emerging Africa' Facebook page.

RELATED: Pulling Nigeria and Africa Towards Prosperity and Power - Moghalu [interview]


Global Praise for Emerging Africa

Africans seriously analyzing Africa's opportunities are all too rare. Kingsley Moghalu writes with insight and authority. Emerging Africa deserves a wide audience. - Paul Collier, Professor of Economics, Oxford University and author of The Bottom Billion

Emerging Africa is unique in the depth of its insight, the ambition of its scope, and the clarity of its argument. Kingsley Moghalu brings a remarkable intellect and his vast experience to this tour de force on Africa's economic transformation. His views on the path forward deserve the close attention of everyone interested in the continent's progress and its place in the world. A truly weighty contribution to understanding Africa's developmental dilemma and its quest for a more prosperous future.- Ngozi Okonjo-Iweala, Coordinating Minister of the Economy and Minister of Finance, Federal Republic of Nigeria

Kingsley Moghalu approaches Africa as last frontier with the perspective of savvy Sheriff. A distinguished international career in which he worked on questions of good corporate governance prepared him as this book details, to tackle a similar agenda at home. - Mark Malloch-Brown, Former Minister of State (Africa, Asia and the UN), United Kingdom Foreign Office

This is an illuminating look at Africa's economic trajectory in the context of globalization. Emerging Africa offers a profound perspective on how African countries can achieve true prosperity. A commendable book. - Lamido Sanusi, Governor, Central Bank of Nigeria


Author Profile

Dr. Kingsley Chiedu Moghalu is the Deputy Governor of the Central Bank of Nigeria in charge of the Financial System Stability (FSS) Directorate. He has led the implementation of far-reaching reforms to enhance the quality and stability of banks and other financial institutions, and supervises the following Departments of the Central Bank of Nigeria: Financial Policy and Regulation Department, Banking Supervision Department, Other Financial Institutions Supervision Department, Development Finance Department and the Consumer Protection Department.

He is a member of the Board of Directors, the Monetary Policy Committee, and the Committee of Governors of the Central Bank of Nigeria, and is a member of the President of Nigeria's Economic Management Team. Dr. Moghalu is a member of the board of directors of the Asset Management Corporation of Nigeria (AMCON) as well as Chairman of the board of directors of the Financial Institutions Training Centre (FITC).  He served as Chairman of the board of the Nigerian Export-Import Bank (NEXIM Bank) from 2009 – 2011.

Kingsley Moghalu was born in Lagos in 1963 to Isaac Moghalu, a Nigerian Foreign Service Officer in the Ministry of Foreign Affairs, and Mrs. Vidah Moghalu. He obtained the LL.B. (Honours) degree in law at the University of Nigeria, Nsukka in 1986, the B.L. (Barrister at Law) from the Nigerian Law School, Lagos, an M.A. from The Fletcher School of Law and Diplomacy at Tufts University, USA, and a Ph.D. in International Relations from the London School of Economics (LSE) at the University of London, UK. He also obtained an International Certificate in Risk Management from the Institute of Risk Management, London, UK.

Dr. Moghalu is also an alumnus of executive education programs on leading economic growth and transformation and on corporate governance at Harvard University's Kennedy School of Government and Harvard Business School respectively, and on macroeconomics and financial sector management at the International Monetary Fund Institute.

Prior to his appointment as Deputy Governor of the Central Bank of Nigeria, Dr. Moghalu was the Founder and Chief Executive Officer of Sogato Strategies S.A., a risk management and strategy consultancy firm in Geneva, Switzerland. He was also the Executive Director of the Swiss-Africa Business Roundtable.

He previously worked for the United Nations for 17 years, from 1992-2009, in legal, management and strategic planning posts at duty stations in New York, Cambodia, Croatia, Tanzania, and Switzerland, rising to the rank of Director in the Organization. In 2006 the Secretary-General of the United Nations appointed Dr. Moghalu a member of the high-level Redesign Panel on the United Nations Internal Justice System. The Redesign Panel overhauled the transparency, accountability and regulatory compliance system of the United Nations as a key component of the management reform of the UN.

From 2002 to 2008, Dr. Moghalu was the Head and Director of Global Partnerships and a member of the Risk Management Committee of the Geneva-based Global Fund, an international development finance organization with $20 billion in assets and a $15 billion investment portfolio in 140 countries as of 2008. He was Legal Advisor and the Spokesman of the United Nations International Tribunal for Rwanda at Arusha, Tanzania from 1997 to 2002, and served as a Political Advisor at the United Nations Headquarters in New York and in UN missions in Cambodia and Croatia, from 1992 to 1997.

Before joining the United Nations Service in 1992, Dr. Moghalu was a Country Risk Analyst for Political Risk Services (PRS) Group, Inc., USA, Research Assistant in the Global Political Economy Program at The Fletcher School, Tufts University where he was the Joan Gillespie Fellow, General Counsel of Newswatch Communications Ltd., Lagos, and Legal Officer (National Youth Corps Scheme), Shell Petroleum Development Company of Nigeria Ltd., Lagos.

Kingsley Moghalu is the author of two previously published books on international law and politics, and numerous articles on law, banking regulation, economic development, political economy and public policy. His publications have appeared in journals and newspapers such as Central Banking Journal, Journal of Banking and Finance, The Fletcher Forum of World Affairs, The Washington Post and the International Herald Tribune.

He is a member of the Institute of Risk Management, UK, Global Association of Risk Professionals (GARP), the American Bar Association (Associate Member), and the Nigerian Bar Association.

Dr. Moghalu has been a frequent keynote speaker and guest lecturer at numerous global forums including: the Federal Reserve Bank (central bank) of the United States, the South African Reserve Bank, Wharton School of Management at the University of Pennsylvania, Official Monetary and Financial Institutions Forum (OMFIF), the Brookings Institution, Institute of International Finance (IIF), National Bar Association of the United States, and the African Presidential Roundtable. He has been interviewed and featured on CNN, BBC HardTalk, Financial Times, The New York Times and other global media.

He was conferred with the Nigerian national honour of the Officer of the Order of the Niger (OON).

Kingsley Moghalu is married to Maryanne Moghalu (nee Ezike) and their union has been blessed with children.

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