Who holds capital and political leverage — and how that power is exercised.
Abstract: Capital flights occur in Africa more than any region in the world. This happens through organized schemes between African leaders and western companies. Despite the huge deposits of natural resources, Africans and Africa remained mired in extreme poverty and hardships due to corruption and governance crisis. Corporate corruption and
Robert Fredrick Smith has maintained a rather ‘quiet’ life away from the media limelight. In fact, when Forbes requested to interview him, he declined. Despite his ‘hidden’ nature, news about his success and philanthropic activities is making headlines across the world. Just last year, Forbes ranked Smith no. 268th richest
News from the Gambia is that incumbent president, Yahya Jammeh no longer accepts election results as a result of irregularities unearthed after his concession. For a while the whole continent thought the respect for democracy would be salvaged but alas, the joke is on everyone who believed this “too good
Sometime in the 1940s, a French Foreign Minister, Rene Pleven was recorded as saying, “In a show of her generosity and selflessness, metropolitan France, wishing not to impose on her faraway daughters the consequences of her own poverty, is setting different exchange rates for their currency.” The faraway daughters were
President Jacob Zuma is a troubled man, maybe the most troubled in the entire world. A new report released in South Africa provided details of how the country is controlled by President Zuma’s favourite family, the Guptas. The report was compiled by Advocate Thuli Madonsela, the outgoing South African
It is customary in the United States and much of the Western world, today, that when a president is elected and sworn in, his spouse immediately becomes the First Lady. This has been the case since the independence of the United States back on July 4, 1776 because the supreme
Power comes in different forms; and it is always associated with men who make up the majority. But in recent years, women have risen to power either through their achievements, political status or wealth. Today it is not uncommon to find female Presidents, female entrepreneurs in engineering and technology or
Former British Prime Minister, once described Nigeria as “fantastically corrupt.” This picture painted by David Cameron is however getting a face-lift as Nigeria's security agency under the Buhari government says it has seized $800,000 in cash following raids targeting senior judges suspected of corruption. Report says after
She’s Isabel dos Santos, Africa's richest woman according to Forbes 2016 research. Her rise to stardom is a truism of John Mason's assertion: “The world makes room for a person of purpose.” According to Forbes, her real time Net Worth as of September 24, 2016,
Are you looking for a continent flowing with milk and honey? Then welcome to Africa—the second largest continent in the world. Join me as we x-ray the 10 richest countries in Africa in 2016. The criteria used is the country’s GDP and the Purchasing Power Parity (PPP). I
Some Normals Are More Normal Than Others. The asymmetry in wealth distribution on the planet is overwhelmingly skewed towards sustaining the wielders of political power and or lobbyists. Is this something we should look at as normal or is this outlandish asymmetry something to cause alarm? Should political rhetoric that
Following the strings of protests which started on July 6, 2016 against President Robert Mugabe, Zimbabweans are at it again with another tension-soaked demonstration. Since President Robert Mugabe rose to power in 1987, there has been no love lost between him and anti-government protesters who are demonstrating against his rule
The world was not really at war in the so-called World War. In reality, it was more of the Second European War but colonialism dragged Africa into the mix of things. The War was therefore a colonialist tug of war with the colonised doing a lot of the dirty work.
Following the re-election of incumbent President Ali Bongo, scores of people have invaded the streets protesting against the election’s result since Wednesday. Festus Iyorah looks at what is really causing the violence. On the heels of the violence that have claimed two people and got more than 1000 people
The Volatility of the Information Age. My mentor once wrote that, “The calamity of the information age is that the toxicity of data increases much faster than its benefits.” It is from that maxim that I thought, we could introspectively concoct ways on how to combat the disastrous effects of
It is a naked truth that corruption is in all spheres of life in Nigeria. Corruption has polluted the air we breathe in and as such, we find it a very difficult task to avoid corruption - since the importance of air to the body cannot be overestimated. In our
