LAGOS- Finally, at the end of this week, Nigeria will step out of the shadows cast by the single-mindedness of oppressive military rule into the uncertain daylight of democratic government. And a few days later South Africa is to re-confirm its short-lived democracy with a general election–though with mixed feelings, as President Nelson Mandela steps down in favour of Thabo Mbeki. This is the new Africa, one that pessimists have always maintained could never happen. They could still be right. Post-Mandela, South Africa may degenerate into the self-serving ways of a one party state as a triumphant African National Congress, wielding a two-thirds majority in parliament, amends the constitution to suit itself, tramples on any opposition, black as well as white, and rides the gravy train for its own benefit, alienating both foreign investors and home-bred capitalists. In Nigeria, a country where the state has already been looted dry, the president-elect,...