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.
January 2, 2020Sudan
2019 brought spectacular change to Sudan. It’s hard to overstate the astonishing distance the country has traveled over the past year. Recent headlines feature reports of truly unfettered humanitarian access, the conviction of former President Omar al-Bashir on corruption charges, and concrete steps on the part of the state to promote religious tolerance.
May 23, 2018Nigeria
Outside of business and financial circles, Dangote is not well known in the United States. Perhaps that is largely because his business interests—banking, cement, sugar, salt, agriculture, and manufacturing—are centered in Nigeria and Africa rather than overseas.
November 14, 2019Mali
In response to the proliferation of ostensibly jihadist groups in the Sahel, governments have deployed more than 20,000 international and local troops, comprising 4,500 French soldieries, 13,000 UN peacekeepers, and about 5,000 troops connected to the G5 Sahel—an initiative godfathered by France and including Burkina Faso, Chad, Mali, Mauritania, and Niger. But terror groups have endured and grown more deadly.
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.
October 16, 2019Turkey
The latest episode of The President’s Inbox is live. I sat down with Henri Barkey, CFR’s adjunct senior fellow for Middle East studies, and Steven Cook, CFR’s Eni Enrico Mattei senior fellow for Midd…
September 20, 2019Global Governance
On this anniversary of Magellan's first expedition to circumnavigate the globe, we should reflect on the trajectory globalization has taken—and adopt a more cosmopolitan approach to life on our shrin…