From Promoting Economic Pluralism
Ilorin, Nigeria – On Monday, as Nigeria’s president-elect Bola Tinbu is sworn into office, Olusegun Badmus will be one of several million people watching. But for the 57-year-old bus driver …
Nigerians look to president-elect Tinubu for economic turnaround Read More
Amid waning consumer trust and regulatory pushbacks, African crypto startups are dealing with the lack of venture dollars needed to gain competitive advantage against local and global counterparts. Chiamaka, a …
Africa fell in love with crypto. Now, it’s complicated Read More
The International Monetary Fund wants Egypt to enact more of the reforms that Cairo has committed to before it conducts the first review of the country’s $3bn rescue package, Bloomberg …
IMF wants Egypt to make reforms before bailout review: Report Read More
In January 2022, Peter Mwanzo, a senior Nairobi police officer, became a high-profile victim of mobile money fraud. Scammers replaced his SIM card remotely, transferred 597,100 Kenyan shillings ($4,575) …
M-Pesa has been huge for Kenya’s economy — and for scammers Read More
As inflation rises above 20%, middle-class Nigerians are forming WhatsApp groups to buy food items in bulk directly from producers and share among themselves. For Cecelia Anahobi, a single mother …
How Nigerians are using WhatsApp groups to fight food inflation Read More
The Democratic Republic of Congo wants more money for climate projects. Otherwise, oil drilling could replace fishermen in the world’s largest peat bog. And that could spell devastation for the …
DRC’s dilemma: Generate oil wealth or combat climate change? Read More
Bongani Mlilo started driving for the ride-hailing company Bolt in Thembisa, east of Johannesburg, in 2020. Things were smooth for the first two years. Mlilo earned about 6,000–7,000 rand ($325–$380) …
Power outages are killing South Africa’s gig economy Read More
African economies looking to attract fresh investments are turning to innovative programs that offer residence and dual citizenship opportunities to investors with deep pockets. Migration investment programs allow people to purchase …
Citizenship-by-investment programs are on the rise in Africa Read More
In 2015, when he was elected president of Nigeria, Muhammadu Buhari made history in more than one sense. It was the first time an opposition candidate assumed the helm peacefully. And …
President Muhammadu Buhari’s questionable legacy Read More
Kaduna, a state in northwestern Nigeria, has selected China’s Ming Xin Mineral Separation Nig Ltd. (MXMS) to build the country’s first lithium-processing plant, with a plan to manufacture batteries for …
China beats Tesla to Nigeria’s lithium riches Read More