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South Africa will formally adopt a national minimum wage of US$1.5 (ZAR20.00) per hour on Workers’ Day next year. There are questions as to whether this is enough to be termed a victory for the country’s working poor? If historical …
Continue readingThe National Assembly has added another N30bn to its budget. As expected, there has been no visible reaction from Nigerians. As it is often the case, we will take this like we have taken the hardest of punches from our …
Continue readingThere is an ongoing discussion on the effectiveness of foreign aid in helping the economic development of Africa. One thing is obvious: the results are not exactly what Africa’s development partners have expected, and the reasons are not far-fetched. Dambisa
When last week, President Muhammadu Buhari decided to suspend the secretary to the government of the federation, Babachir Lawal, and the director general of the Nigeria Intelligence Agency, ambassador Ayo Oke in order to allow unfettered investigations of both public …
Continue readingNigeria, as it is presently set up, has no chance of thriving. The idea of certain countries today as “emerging economies” instead of “developing countries” as it was just years ago is proof of the fact that while political realities …
Continue readingSouth Africa is digesting the news of Standard & Poor’s (S&Ps) downgrade of its state debt held in foreign currency following President Jacob Zuma’s March cabinet reshuffle. As the country deals with that blow, two other credit rating agencies …
Continue readingEthiopia’s youth has come under the spotlight recently for their role in a political protest that is seen to be threatening stability. But Ethiopia’s youth bulge doesn’t need to be a political problem. It can be converted to an economic …
Continue readingQuantum Global’s independent research arm, Quantum Global Research Lab., has released its latest Africa Investment Index 2016. According to the index, Botswana is the most attractive economy for investments flowing into Africa. Botswana scores were highly based on a range …
Continue readingThe Ikoyi dollars (including naira and pound sterling) stash started as a subject about corruption, but it has now become a national security issue, thanks to the Director-General of the Nigerian Intelligence Agency, Ambassador Ayodele Oke.
In a world …
Continue readingOn February 21, 2016, the Presidential Enabling Business Environment Council (PEBEC), chaired by the vice president, Professor Yemi Osinbajo (SAN) took a significant step towards making it easier for Micro, Small and Medium Enterprises (MSMEs) to do business in Nigeria. …
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