November 8, 2019Nigeria
Housing for professionals working in the modern economy are challenged in most of the world’s mega-cities. Lagos is no exception, as profiled by the BBC. Its reporter estimates that “middle-to-high-income” housing can cost between $5,000 and $40,000 a year. But the practice of paying a year’s worth of rent upfront sets Lagos apart: the BBC’s reporter was asked for between $11,000 and $22,000 for a two-bedroom apartment with electricity in a good Lagos neighborhood, Victoria Island.
November 18, 2019Nigeria
This update represents violence in Nigeria and related to Boko Haram in Cameroon, Chad, and Niger from November 9 to 15, 2019.
April 5, 2017China
There are many people who have ideas about what should happen at the Xi-Trump summit. Almost as important, however, is what should not happen. Here are my suggestions for the top five things Presiden…
November 16, 2011Mexico
As chairman and founder of Grupo Salinas, Ricardo Salinas has built one of the largest business conglomerates in Latin America providing banking and telecommunication services to millions at the bott…
October 22, 2019Nigeria
A work by the late Nigerian artist Ben Enwonwu fetched $1.4 million at a Sotheby’s auction in London on October 15. The painting, “Christine,” is a 1971 portrait of the Caribbean-origin American wife of a missionary. After her death, the portrait hung on the wall at her family’s home. Unaware of the origin of the piece, a stepson eventually reached out to Sotheby’s to see if it had any value.
October 10, 2019Sub-Saharan 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.