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Socioeconomic Problems Abound As The Rich Get Richer

Socioeconomic Problems Abound As The Rich Get Richer

AFRICANGLOBE – According to anti-poverty charity, Oxfam’s latest report, the richest one per cent of the world’s population will have more wealth than the remaining 99 per cent by 2016.

5 Reasons To Be Optimistic About Africa

AFRICANGLOBE – Let me state up front that I am cautiously optimistic that Africa is taking off. This year the World Economic Forum (WEF) is marking 25 years of change in Africa. Looking back, there is no denying that Africa has made remarkable progress over the past two decades. Here are five reasons why I am optimistic.

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African Economies To Perform Better In 2015

AFRICANGLOBE – African economies will continue to grow in 2015 due to private investment and consumption, which have been key drivers of Gross Domestic Product (GDP) over the past years, a new UN report projects.

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China’s Scramble For Africa

AFRICANGLOBE – As China expands its geopolitical and economic stake in far-flung regions of the world, it has increasingly resembled a traditional global power who doesn’t shy away from influencing political developments abroad.

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Meet The Entrepreneur Transforming The Black Haircare Industry

AFRICANGLOBE – Nicole Sanchez has always had a thing for hair. At 14, she got her first job mainly to pay for hair extensions. No matter how tight her budget has been throughout the years, Sanchez still manages to visit her hairstylist on a regular basis, describing it as “not vanity,” but a “necessity.”

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Three Reasons African Countries Will Survive The Oil Crisis

AFRICANGLOBE – Recent statistics show that the Africa Rising narrative is not dependent on oil nor does it depend on mining. In a recent article, ‘The Economist,’ argued that the effects of the resource curse is waning. Here is how Africa is ending the curse:

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Nigeria, South Africa Tops Young Millionaires List

AFRICANGLOBE – Nigeria and South Africa lead Africa’s newest crop of young millionaires aged below 40 years. This is according to a new report suggesting out of the top ten African millionaires under 40, three each were from Nigeria and South Africa.

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If You’re Poor At 35, You Deserve It – Alibaba Founder

AFRICANGLOBE – Before I founded Alibaba, I invited 24 friends to my house to discuss the business opportunity. After discussing for a full two hours, they were still confused — I have to say that I may not have put myself across in a clear manner then. The verdict: 23 out of the 24 people in the room told me to drop the idea, for a multitude of reasons, such as, “You do not know anything about the Internet, and more prominently, you do not have the start-up capital for this”, etc, etc.

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Africa’s Growth To Go Beyond Oil, Commodities In 2015

AFRICANGLOBE – Economic experts from across the African continent say this may be an exciting year for African economies, which could be ready to move out of their traditional roles and into new sectors.

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