E. N. KWAME NKRUMAH UN projections suggest that by 2050, 38 of the 40 most populous cities in the world will be in Africa. Africa’s working-age population is expected to also grow by 450 million people by 2035, more than Europe’s total population. More so, McKinsey estimates that Africa’s consumer spending will reach $2.1 trillion…
Innovation is not just about creating something new but about improving people’s lives.
In today’s era of industrialization, where all aspects of our lives are so dependent on electricity for the smallest chores like charging a mobile phone to powering industrial units, the idea of life without electricity or a single day with no electricity may be a terrible thought to some people, yet, this is so common…
As cited by the International Monetary Fund (IMF), the coronavirus pandemic has instigated a global economic downturn that the world has never experienced since the Great Depression. According to available statistics, not even the strongest of economies have been able to withstand the shocks associated with this economic downturn caused by the Pandemic. Just like…
As widely reported, the World Health Organization (WHO) declared the Novel Coronavirus (Sars-Cov 2) as a global pandemic on March 11th, 2020. While contagion was the main health impact, government decisions to contain the spread have consequential economic impacts in the short and long terms. China, the second-largest world economy and the purported source of…
The novel coronavirus is claiming lives and crippling economies around the world. Historical accounts and some development economic literature have shown that pandemics, to a large extent, inevitably cause enormous changes in economies, politics, international relations, religion, institutions, human interaction, and technological advancement, etc. What do all these pandemics mean to both the developed and…
Last month, the African Union launched the Africa Medical Supplies Platform to facilitate the production and provision of vital medical equipment – the latest achievement in an already impressive response to the COVID-19 crisis. Yet, in the same week, it was revealed that most of Nigeria’s federal government revenue was going to debt-service payments, and…
How much longer can Xi Jinping claim political legitimacy as guardian of the great Chinese nation? His policy choices on Taiwan, Trump and Tiananmen, combined with a slowing economy, could prove treacherous, argues Greg Austin. China’s President Xi Jinping is facing a leadership crisis. During the November 2019 BRICs summit, he described the current set…
In the same week that the Trump administration signed a ceasefire agreement in its trade war with China, it intensified its major campaign against Huawei 5G, explains Greg Austin. Can the United States win this so-called ‘tech war’? When Donald Trump solemnly announced the reasons behind his trade war with China in late March 2018,…
Companies understand that managing this pandemic is more important for future success than booking profits. Businesses are shifting their models to help slow, prevent, or cure the virus. The pandemic will help more companies see the important advantages of thinking long-term. As much of the world shelters in place, a new future is being invented….
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