The middle class concept in Africa has remained vague and limited to number crunching. The minimum threshold for entering it in monetary terms was critically vulnerable to a setback into poverty.
A man carries marlins to the market in Mogadishu, the capital of Somalia.
AMISOM Public Information
The blue economy is unknown, overlooked and underdeveloped in Africa. It could represent a major growth driver for the continent.
MTN airtime for sale in Nigeria.
The dynamism of domestic businesses are too often overlooked by researchers and analysts.
Zimbabwe needs more responsible diamond mining companies, not fly-by-night operators.
Zimbabwe has said it will take over all diamond mining operations in the country. But what is needed to maximise revenues isn't state ownership, but improvements in existing regulatory practices.
When agriculture is disconnected from the local economy, its contribution to local economic development is limited.
Agriculture can only contribute to rural growth and development to the benefit of all if it links with an inclusive and diverse rural non-farm economy.
Wole Soyinka should rather galvanise like-minded Nigerians and demand that Nigeria’s looted treasury be returned.
Nigeria's economy is indeed under severe strain but sub-Saharn Africa's most populus nation won't solve its economic problems via an emergency national confab.
Agriculture remains the major source of employment in Ghana, even though its share in the economy has been in steady decline.
Economic growth is a necessary condition for development. But it can only pass the sufficient condition test if growth translates into high-earning jobs. Ghana's recent history illustrates this.
South Sudan is a landlocked country with poor infrastructure. Joining the East African Community will open new avenues for trade.
Countries like Rwanda have shown that regional integration can enhance growth and reduce poverty. South Sudan should follow its lead in its engagement with the East African Community.
Arthur Lewis’ impossible mission was to make possible Kwame Nkrumah’s famous slogan: seek ye ﬁrst the political kingdom …
Nobel laureate and Kwame Nkrumah's economic adviser Arthur Lewis saw Ghana as a testing ground for his ideas on economic development. But he was met with fierce resistance.
To achieve faster growth and development Uganda must move workers from agriculture into manufacturing
To achieve its ambition of becoming a middle income country, Uganda must accelerate the movement of workers from agriculture and the informal sector into modern industries.
Young entrepreneurs like Nigerian taxi boss Bankole Cardoso (26) want to learn how to do business - but they also want something very different from the traditional, structured MBA.
Young, entrepreneurial Africans want more flexibility and values-based learning than they feel is offered by a traditional MBA.
Obama and Kenya’s President Uhuru Kenyatta at the Global Entrepreneurship Summit.
Concerns have been raised that the mammoth infrastructure projects taking place across Africa provide only a short-term jobs boost.
Prospective students storm the gates at the University of Johannesburg in 2012. The demand for universities is soaring across Africa.
Adrian de Kock/EPA
Africa needs private universities. But far more must be done to make them powerhouses of knowledge, research and graduate output.
African nations can look to Nigeria and Tanzania for recent examples of smart policies that boost the middle class.
Flag map via www.shutterstock.com
Some countries in Africa have made great strides bolstering the middle class by supporting small businesses, but more needs to be done.
Nigeria’s president elect, Muhammadu Buhari has much to do.
Back at the helm, Muhammadu Buhari must turn his attention to corruption, unemployment, infrastructure and the economy.
It’ll take more than a winning smile to win over Africa.
China supplanted the US as Africa's biggest partner in 2009, but the Americans are hoping to catch up.
Nigeria and Algeria both fell out of the World Cup at the last 16 stage, competing heroically against France and Germany and showing amazing discipline and shape for 70 of the 90 minutes. Then tiredness…
He may look like a 90-year-old pariah, but Mugabe’s presence is as strong as ever.
The Robert Mugabe who returned from Singapore for his 90th birthday celebrations was sprightly and energised. His Singapore sojourns, officially designated as trips to treat eye problems, invigorate more…
Onward and upward? Guess which is which.
At the end of 2012, I published a deliberately surreal novel entitled Joseph Kony and the Titans of Zagreb. In it, using satire and magic realism, I tied together the corrupt destinies of figures on both…
Sanusi won’t go without a fight.
World Economic Forum
The Nigerian business community and international investors into Africa’s most populous country are still reeling from the shock of the suspension of Central Bank of Nigeria (CBN) governor Lamido Sanusi…