Photo Credit: Lukman Yusuf Africa is blessed with an abundance of natural and human resources and it is imperative to leverage these resources to create sustainable wealth and improve the living standards of its people. One effective method is through intra-African trade. According to UNCTAD, in 2021, intra-African trade accounted for only 14.4% of total […]
What is Sunk cost? and why you should get rid of it.
Image Source: Linkedin The first time I read about sunk cost was in an economics textbook, Unfortunately, I was never able to put the concept into reality until recently. Britannica defines sunk costs as a cost that has already been incurred and that cannot be recovered. Some of you might be wondering why I […]
A simplified Analysis of the 2008 Financial crisis: Case study of AIG and the Lehman Brothers
Image Source: Outlook India The 2008 financial crisis is said to be one of the greatest financial events to have taken place after the great depression of the 1930s. It is however surprising that most experts didn’t foresee it coming. The unfortunate event had adverse effects on income, inequality, wealth, and politics of individuals and […]
The Economics of Money Heist
Liquidity Injection If you paid attention to season 5, Vol 2 of the movie, [I can’t tell the specific Episode], you would have come across the scene where the professor was seen proclaiming how in 2011 the European Central Bank (ECB) made 171 billion euros out of nothing and 185 billion in 2012; 145 […]
Travel: A Closer Look at West African Border Issues
Image Source: Wilderness Travel “Virgin Passport”. This was the first controversial term I heard when planning my trip and a good example of an abused use of context. I was told I had to pay more if this was my first road trip across the West African borders. As much as I struggled to […]
Mobilising finance for Africa’s Industrial revolution
Photo: CIFOR | Flickr Creative Commons Indeed, Africa is not some sort of village or jungle with no portable water, internet, or power supply as perceived by some individuals, and even as I derive joy in clarifying this fact, It is also vital that I point out how the continent is still far behind […]
No Bootstraps: Why African entrepreneurs are the most resilient.
Photo by Mehmet Turgut Kirkgoz It is almost very common nowadays to read glamorous articles on Techstars or TechCabal describing how an African startup raised millions of Venture capital dollars in funding rounds. The Ideology that the African market possesses an untapped potential for unprecedented returns has succeeded fairly well in swaying the hearts of Western […]
Beyond Migrating (Japa), Taking responsibility as Nigerians.
Photo by Pexels This is not the first time Nigerians are leaving Nigeria, However, the numbers seem to be growing at an unprecedented rate. The stark fact is that people are frustrated and have been denied basic infrastructure and life amenities. These idealistic, smart, hardworking young people have been left with almost no other option […]
Our Tin of Milk Index analyses the extent of disparity in Income level and anomalies in exchange rate between two countries.
Source: AI-Generated Tin of milk Take your time to briefly scroll through our introductory insights The economics of today’s world is flush with an array of carefully thought out and mathematically derived indices used to measure the standard of living across countries. Meanwhile, the concept termed ‘standard of living’ itself has been a subject […]
Lights, Camera, Africa: A Blockbuster Solution to Brain Drain!
An illustration of the African Brain Drain problem, Credit: The Human Capital Hub Scene One: The Brain Drain Dilemma In a world tilting towards globalization, Africa finds itself at a crossroads, facing a formidable challenge: brain drain. As the curtains rise, we witness a mass exodus of highly intellectual and talented youth leaving the continent […]