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South Africa’s Energy Minister, Gwede Mantashe, has blamed the private sector for South Africa’s blackouts that have destroyed businesses and jobs. Surprised? I am not.
Politicians who believe in government controls advocate for an interventionist role of government in the …
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On May 29, 2023, Nigerian President Bola Tinubu announced, in his inaugural speech, the removal of the decade-long subsidy on petroleum products. The new president cited deficit budgetary concerns as the basis of his decision and echoed his desire …
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According to Ghana Statistical Services, inflation hit a 21-year record of 50.3 percent in 2022, from 7.14 percent in 2019. Like in the early 2000s, Ghana needs help stabilizing its economy. Boosting the country’s internally generated revenues by …
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Late last year, the World Bank reported that Malawi’s economic future was in peril. In a press release, they noted that “The combined effects of adverse weather, acute foreign exchange shortages, disruptions to electricity, and the high rate of inflation, …
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During the first quarter of 2023, Nigerians experienced cash circulation shortages due to the naira redesign policy. This policy negatively impacted several informal sector businesses, such as local retail shops, artisans, and commercial bus drivers. Trading activities for small-scale manufacturers …
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In February, the Heritage Foundation released its 2023 Index of Economic Freedom – it’s not good news. Even though higher levels of economic freedom are positively correlated with longer life expectancies, cleaner environments and more peaceful societies, governments around the …
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How can we trust South Africa’s development to the free market? While we can point to examples from elsewhere and from the history of free markets reducing unemployment and increasing prosperity, many South Africans are not yet convinced by this …
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Nigeria has successfully introduced new banknotes on about 10 occasions since independence in 1960. So why has the latest attempt been so controversial and traumatic? And what measures need to be taken to avoid a future debacle?
Nigeria’s central bank …
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During President Biden’s closing remarks at the U.S.-Africa summit held in December, he stated that “Africa has the potential to feed its people and help feed the world.” Although framed with a positive spin, the inference of Biden’s statement refers …
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Zimbabwe has the largest lithium reserves in Africa and fourth worldwide with some lithium mining projects in the exploration phase forecasted to kick-start production this year. The Bikita Lithium mine is one of the biggest in Zimbabwe with a reserve …
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