The government in the Prosperity Creation Ecosystem
MARTIN Ike-Muonso
June 22, 2020
Over human history, experiences have repeatedly shown that the market left alone cannot satisfactorily deliver as much prosperity relative to when propped by a government. That is particularly true when the government is both inclusive and effective. The Ibo ethnic group in south-east Nigeria was reputed not to have had a king or ruler before […]
The rains are here! Insurance can cut your losses
Francis EwheridoJune 22, 2020
In virtually every part of Lagos, it rained continuously from last Wednesday morning to Thursday evening. I knew Lagosians were in trouble by Wednesday afternoon. I had gone to Maryland in Lagos. On my way back, portions of Ikorodu Road, especially between Maryland and Anthony, had become a river. It was impossible for saloon cars […]
Adesina’s AfDB trials: A proxy war?
Olukayode OyeleyeJune 15, 2020
SO MUCH FOR THE African Development Bank (AfDB) headquartered in Abidjan, Cote d’Ivoire. The multilateral development bank has been in the news in the past three months, not so much for its development interventions, but for the tussles at the leadership level, which reached a crescendo in the past three weeks. Allegations varying from the […]
Driving the performance of African businesses
MARTIN Ike-MuonsoJune 15, 2020
In a GreenTec Capital Africa Foundation and WeeTracker Media report based on data between 2010 and 2018, the average failure rate of African start-ups is 54.20%. Ethiopia tops the league with a 75% failure rate. Behind Ethiopia are Rwanda, Ghana, Zimbabwe, the Democratic Republic of the Congo, Tanzania and Nigeria with failure rates of 75%, […]
Relevant insurances for haulage business
Francis EwheridoJune 15, 2020
The kingship of the customer has long been established. The VUCA (volatile, uncertain, complex, ambiguous) environment we currently operate in has further entrenched the kingship, but even kings have advisers, who give them counsel, which can be accepted or jettisoned. That is why I am offering this advice to companies that are into haulage. They […]
Co-creating prosperity in Africa
MARTIN Ike-MuonsoJune 8, 2020
Achieving prosperity is assuredly faster when stakeholders collectively work on it. Unarguably individuals create communally enjoyed benefits while pursuing their selfish economic interests. Nevertheless, that argument without appropriate qualifications may oversimplify the reality of prosperity creation. The relative impact of individual actions cannot effectively supplant the highly impactful synergistic roles and preferences of institutions and […]
No limit to number of life insurance policies
Francis EwheridoJune 8, 2020
Recently, a friend informed me that they wanted to do a group life insurance policy for their association, but a member interjected that it is not possible because some of them already have life insurance policies. I quickly corrected him that it is possible to have multiple life insurance policies. We shall come back to […]
On travel, health insurances and COVID-19
Francis EwheridoJune 1, 2020
The federal government ordered the decontamination of the Murtala Mohammed International Airport, Lagos, and The Nnamdi Azikiwe International Airport, Abuja, over two weeks ago. Even though there is still a ban on international flights and travels, and interstate travels as a result of the COVID-19 Pandemic, it is just a matter of time before the […]
Handholding Africa to sustainable prosperity
MARTIN Ike-MuonsoJune 1, 2020
Regardless of the challenges, most African countries are making substantial progress in virtually all indicators of prosperity. Seychelles, a tiny island in the Indian Ocean, has been an excellent example with its very high human development index of 0.801. It is nevertheless the only African country among the sixty-two countries that are in that index […]
Africa’s grim prospects post-COVID-19 (4)
Olukayode OyeleyeMay 25, 2020
By Olukayode Oyeleye ISSUES THAT SPUR many people into activism and prompt many more to consider and rally support for collective actions have been coming in torrents to the forefront of global affairs in the past three decades. Voices in favour of common fronts and unifying causes are getting more strident as many risks are […]