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October 10, 2019

Sub-Saharan Africa
Rich People and Wealth in Africa

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.

Visitors walk past a reception with an electronic board displaying movements in major indices at the Johannesburg Stock Exchange building

October 9, 2019

Sub-Saharan Africa
The Origins of African States, and Their Names

An article on the origins of the names of African countries was recently published in Quartz. It includes a map of the continent in 1885, shortly after the Berlin Conference. Portuguese and Arabic traders and explorers are the origins of some names, European mispronunciation of tribal names are the origins of others.

A bird flies in front of Mount Kenya on the horizon in Laikipia national park, Kenya.

October 7, 2019

Nigeria
Nigeria Security Tracker Weekly Update: September 28–October 4

This update represents violence in Nigeria and related to Boko Haram in Cameroon, Chad, and Niger from September 28 to October 4, 2019.

Map of Nigeria shaded to reflect NST-documented deaths per state.

September 30, 2019

Nigeria
Nigeria Security Tracker Weekly Update: September 21–27

This update represents violence in Nigeria and related to Boko Haram in Cameroon, Chad, and Niger from September 21 to 27, 2019.

Map of Nigeria shaded to reflect NST-documented deaths per state.

September 27, 2019

Nigeria
U.S. Arrests Celebrated Nigerian Entrepreneur for Fraud

In August, the Federal Bureau of Investigation (FBI) indicted eighty people for what it described as “the largest case of online fraud in U.S. history.” Seventy-seven of them were Nigerian. Separately, also indicted for computer and wire fraud was Obinwanne Okeke. He is accused of defrauding a subsidiary of Caterpillar of $11 million.

A car is parked on the street that says "FBI Police" on it.

September 20, 2019

Trade
Why Global Trade Imbalances Could Get Worse Before They Get Better…

Transatlantic imbalances reflect Europe's demand deficit, which should be easy to solve (but isn't). Transpacific imbalances haven't disappeared. And are likely harder to solve, as they stem from an …

Banco De Espana Conference on Global Imbalances and Capital Flows in the Era of New Technologies

September 12, 2019

Nigeria
Tribunal Upholds 2019 Nigerian Election While NGO Report Condemns Electoral Body

On September 11, the Presidential Elections Tribunal rejected Atiku Abubakar’s petition, saying that he had failed to provide sufficient proof of fraud. Atiku Abubakar’s next step is to appeal to the Supreme Court. Defeated presidential candidates in the past have appealed to the Supreme Court, as they are entitled to do, but none have ever had an election overturned.

Atiku Abubakar sits and clasps his hands at a meeting in Abuja.

September 11, 2019

South Africa
Poor South Africans Attacking Foreign-Owned Business

Mob attacks on foreign-owned shops in Johannesburg have damaged relations between South Africa and Nigeria. The Nigerian government has announced that it is evacuating some four hundred Nigerians from South Africa. The violence is being characterized as “xenophobic,” which, by all accounts, it is. But the story is more complicated, and aspects of it have roots in apartheid South Africa and the dislocations resulting from too-rapid urbanization.

A man stands and looks among the burnt out cars at his dealership in Johannesburg, South Africa, following attacks.

September 9, 2019

Nigeria
Nigeria Security Tracker Weekly Update: August 31–September 6

This update represents violence in Nigeria and related to Boko Haram in Cameroon, Chad, and Niger from August 31 to September 6, 2019.

Map of Nigeria shaded to reflect NST-documented deaths per state.

September 3, 2019

Nigeria
Nigeria Security Tracker Weekly Update: August 24–30

This update represents violence in Nigeria and related to Boko Haram in Cameroon, Chad, and Niger from August 24 to 30, 2019.

Map of Nigeria shaded to reflect NST-documented deaths per state.