Category Archives: Business

Nigerian super rich

The super rich living amongst the super poor

The poverty rate in Nigeria is almost three times the size of the US’s poverty rate, but with an economy growing at more than 5% per year in Nigeria and a GDP of around $500 billion its’ difficult to comprehend how so many people can still be suffering. The first thing to keep in mind is that Nigeria has only been an independent Country since the 1960’s. The pre-colonial period was from around 1500 – 1800 and then the British owned the Country for over 150 years.¬† Continue reading Nigerian super rich

Mohammed Ibrahim – Black Billionaire speaks raw truth to old African leaders

Mohammed “Mo” Ibrahim is a Sudanese-British billionaire businessman who founded Celtel, a telecommunications company¬† which had over 24 million mobile phone subscribers in 14 African countries. He sold the company for $3.4 billion and set up the Mo Ibrahim foundation to encourage better governance of Africa. What I love about the video is the confidence and surety he speaks with about current African leaders. Continue reading Mohammed Ibrahim – Black Billionaire speaks raw truth to old African leaders