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 […]
Are Venture Capital Investments what Africa really needs at these moments?
Retrieved from: Business Elite Africa Last year November, I had the opportunity to join a round table discussion with Ministers of Finance, Central Bank Governors, top investors, and investment firms in the African continent. Some of the key issues being discussed were the role of private-sector investments in driving sustainable growth across Africa. Private […]
How Societal Framework negatively Influences the Nigerian Society
Photo by Muhammad Taha Ibrahim Ma’aji on Unsplash Society is a network of relationships of people who share common institutions and cultures. It is the web of companionship and interactions among human beings that involve sharing common economic, social, and cultural values and undertakings among others. Given these definitions, it is justifiable to refer to Nigeria […]
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 […]
Why Girl Child Education is Important in Nigeria.
Image Source: VOA News Education is about passing down what society knows. It teaches reading, writing, and math, as well as values and ethics. As such, It’s incredibly important for any country to strive to educate its populace. The role of girl-child education is apparent and not phantom in view of the responsibilities they are […]
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 […]
Culture and Power Distance: A Reflection
Image source: CU Denver Business School Newsroom I would love to share an interesting but brief story about “Power Distance” and how it greatly influences our diverse cultures and vice versa. Most of us grew up in a very cultured society. This means that anyone older than you even by a month has to be given […]
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 […]