Rich people are everywhere, and they can have something to say about the level of economic development in their home countries. Afrasia Bank and New World Wealth have just published the 2019 Africa Wealth Report, which includes North Africa and African island states in the Atlantic and Indian Oceans. It identifies the continent’s six wealthiest cities, defined as total individual private wealth—equities, real estate, businesses—less liabilities. They are Johannesburg, Cape Town, Cairo, Lagos, Durban, and Nairobi.

UK and South Korea host AI Safety Summit; China rolls out Xi Jinping Thought chatbot; House committee passes bill restricting export of AI systems; Biden meets with Kenyan President; TikTok to limit …

At a business breakfast on February 7, Doyin Salami pointed out the elephant in the living room of Nigeria’s economy. The country is not oil rich; rather it is oil dependent. He asked attendees to acknowledge this distinction.

Update: Michael Bloomberg announced on March 4, 2020, that he was ending his campaign. Former New York Mayor Michael Bloomberg seems to be taking the advice of John Maynard Keynes. The legendary e…

According to Forbes, the first African ever has entered into the “top 25” of the world’s billionaires. He is Aliko Dangote, number 23. Forbes says that his net worth is now U.S. $25 billion up from $…

The war in Ukraine reflects collisions in Russia-Ukraine relations, Europe-Russia relations, and U.S.-Russia relations.