Category: Economy
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The Forgotten Revolution: How Early Electric Vehicles Were Overtaken by Fossil Fuel Power
More than a century ago, electric vehicles quietly ruled America’s roads—clean, quiet, and years ahead of their time. But as cheap oil flooded the market and powerful industrial interests reshaped infrastructure and public perception, the promise of electric mobility faded into history. This article revisits the forgotten rise and fall…
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Fault Lines and Shockwaves: Ethnicity, Greed and Regional Fallout in Liberian Wars
The Liberian civil wars were never confined to Liberia alone. Fueled by ethnic tensions, regional rivalries, and the ruthless pursuit of profit, the wars spilled across borders and entangled neighboring countries in a deadly network of arms, diamonds, and political intrigue. From Ivorian complicity in the war’s origins to Taylor’s…
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Power and Betrayal: How Taylor, Doe and Johnson Drove Liberia into War
In the crucible of Liberia’s descent into civil war, three names loom large: Charles Taylor, Samuel Doe, and Prince Johnson. What began as a coup in 1980 spiraled into a bloody saga of revenge, betrayal, and personal ambition. Each man claimed to act for the nation—but their thirst for power,…
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Middle East Conflicts and Their Impacts on Africa
As geopolitical tensions rise in the Middle East, African nations face indirect but significant consequences. This article explores how global conflicts—while physically distant—can impact Africa through economic volatility, disrupted trade routes, and diplomatic considerations. It examines the varied responses across the continent, highlights key areas of vulnerability, and outlines practical…
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Cape Republic: Could Africa Soon Welcome Its Newest Country?
As discontent with national governance grows, a rising chorus in South Africa’s Western Cape is calling for independence. Advocates argue that decades of mismanagement, high unemployment, and systemic inequality have left the province economically stifled and politically marginalized. While supporters envision a prosperous, self-governed state free from ANC control, critics…
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Sudan’s Civil War: How a Dream for Democracy Turned into a Humanitarian Nightmare
Sudan’s dream for democracy has crumbled into one of the world’s worst humanitarian crises. Once united by hope after the fall of dictator Omar al-Bashir, the nation is now torn apart by a brutal civil war between rival generals. Over 12 million people have been displaced, famine grips entire regions,…
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U.S. Oil Industry: Production, Dependence, and Global Impact
The United States stands as the world’s largest oil producer, yet its energy landscape is marked by paradoxes. Producing 21 million barrels per day, the country still imports oil due to refining limitations and economic strategies. While leading in output, the U.S. ranks 11th in global reserves, far behind nations…
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World Bank: Nigeria Retains Its Position as Africa’s Largest Economy
Nigeria continues to hold its position as Africa’s largest economy, reaffirmed by the latest World Bank report. Despite facing inflation, currency fluctuations, and investment hurdles, the country’s vast population, resource wealth, and booming digital economy provide a strong foundation for growth. Foreign investments, particularly in telecommunications and infrastructure, are driving…
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Rwanda’s Hidden Agenda in the DRC Conflict
The Democratic Republic of Congo (DRC) is once again at the center of a brutal conflict, with the resurgence of the M23 rebel group in early 2025 reigniting tensions in the region. As accusations of Rwanda’s involvement mount, the crisis deepens, exposing a complex web of historical grievances, economic ambitions,…
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Nigeria Parliament Rejects Bill to Expand Islamic Law in Nigeria’s Constitution
In a recent session, Nigeria’s House of Representatives voted down a bill that sought to amend the 1999 Constitution by expanding the scope of Islamic law beyond personal matters. Sponsored by Aliyu Misau, a representative from Bauchi State, the bill proposed to remove the term “personal” from several constitutional sections,…
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Kano’s History: The Igbo Factor in Intergroup Relations and Commerce
The rich and complex history of intergroup relations in Nigeria is filled with stories of resilience, cooperation, and occasional tension. One such tale is the Igbo community’s relationship with Kano, a city that has long been a melting pot of cultures and commerce. Professor Ahmed Bako’s inaugural lecture, titled “The…
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Kenya Protest 2024: A Turning Point for Fiscal Policy and Civic Engagement
Kenya’s 2024 protests, centered around the controversial Finance Bill, have drawn international attention due to their intensity and broad socio-economic implications. The protests were sparked by the Kenyan government’s proposal of the Finance Bill 2024, which included significant tax hikes aimed at increasing the tax-to-GDP ratio from 13.5% to 20%…
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ANC, DA, and IFP Coalition in South Africa: A New Era Under Ramaphosa
Yesterday 19th June 2024, Cyril Ramaphosa was sworn in once again as President of South Africa, but this time under a unique political landscape. For the first time in the nation’s democratic history, the African National Congress (ANC), Democratic Alliance (DA), and Inkatha Freedom Party (IFP) have formed a coalition…
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Nigeria at a Crossroads: Subsidy and Exchange Rate
Nigeria’s new president, Bola Tinubu, has made bold moves by scrapping the fuel subsidy and unifying the exchange rates. These policies, while applauded by some economists, have sparked heated debate across the nation. So, is Nigeria on the right track? Should citizens simply trust the government and endure the short-term…
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Communism: Utopia or Dystopia?
Communism, a socio-economic system aiming for a classless society with common ownership, has sparked fiery debates throughout history. While some hail it as a path to equality and social justice, others condemn it for its authoritarian tendencies and economic shortcomings. So, what exactly is communism, and why has it caused…
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How Software Redefined the Taxi Business
The iconic yellow cab, once a ubiquitous symbol of urban mobility, has faced a formidable challenger in recent years: the sleek, app-driven ride-hailing service. While software wasn’t the sole factor, its innovative power undoubtedly played a pivotal role in reshaping the transportation landscape. Buckle up as we explore how software…
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Zimbabwe’s Currency: History and Uncertain Future
Imagine prices doubling or tripling within hours. That’s the grim reality Zimbabwe faced in 2008, a country grappling with the world’s highest hyperinflation (a staggering 79 billion percent!) and a collapsing currency. But how did this once-promising nation end up with a seemingly worthless piece of paper in its wallet?…
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Why Nigerians Can’t Fully Embrace PayPal and What Can Be Done
Nigeria’s financial tango with PayPal has left many pondering the limitations on receiving money. Regulations, infrastructure gaps, and fraud concerns are at play. While Nigeria is striving to modernize its financial landscape and address fraud, collaboration between stakeholders is key. Ensuring equal access to the global market is imperative for…
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Why Do Interest Rates Go Up When Prices Do?
Central banks, like the US Federal Reserve, aim to maintain stable prices and employment. When inflation rises, they raise interest rates to reduce borrowing and spending, curbing inflation. However, this can also slow economic growth and lead to higher unemployment. It’s a delicate balance, but crucial for a healthy economy.
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West Africa’s Coup Conundrum: Is Democracy Losing Ground?
Recent military coups in Mali, Burkina Faso, and Guinea have raised concerns about the stability of Western-style democracies in West Africa. However, the region’s complex history and unique challenges highlight the need for locally-adapted solutions. Despite setbacks, progress is evident, emphasizing the ongoing struggle for democratic ideals. Supporting African-led solutions…
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