Business

World’s Top Ten Billionaire Skyscraper Homes

  When it comes to the most luxurious apartments in top city centers, the only way is up.   At least that is the opinion of a number of property developers who are wooing the ultra wealthy with lavishly-appointed skyscrapers in the most prestigious of neighborhoods, where large-scale lateral square footage is nearly impossible to find.   As well as …

Read More »

Ukraine Crisis Reigniting Europe’s Energy Security Dilemma

International relations is witnessing the revival of oil and gas geopolitics as a decisive issue on the global political agenda. Rising demand, swelling energy costs and the ever-growing scarcity of resources has ushered in a new wave of competition for raw materials and energy reserves.   Consequently, the European Union (EU) is attempting to systematically incorporate energy security into its …

Read More »

The Risk of a Jobless Recovery in Southern Europe

Financial crises are followed by significant increases in unemployment rates and the Great Recession will be no exception. Employment will not increase in earnest until overall demand in the market recovers its pre-boom strength, which will take time since the reduction of debts (also known as the deleveraging process) has barely started.   However, the financial crisis is not the …

Read More »

Diverting Blue Nile’s Course Could Take Africa to War

Water wars, many warn, could be around the corner. After the removal of former President Mohamed Morsi, Egypt has inherited a huge problem: Addis Ababa decided to divert the course of the Blue Nile late May, as part of its project to generate electricity through the construction of the Renaissance Dam. Ethiopia took the decision — which will have a …

Read More »

Is Africa’s Land up for Grabs?

An apparent surge in the purchase of African land by foreign companies and governments to grow food and other crops for export has set alarm bells ringing on and off the continent. The headlines have been strident: “The Second Scramble for Africa Starts,” “Quest for Food Security Breeds Neo-Colonists,” “Food Security or Economic Slavery?”   The outcries reflect the continuing …

Read More »

Trading Away West Africa’s Hunger

Poor roads and railways, high transaction costs, lack of sufficient market information, incoherent trade policies by governments and bureaucratic hurdles are among limitations to free trade in West Africa. Import and export procedures are more costly and more time consuming in West Africa than any region of the world, experts say.   For instance, according to a 2010 study by the UN …

Read More »

The South-Africanization of Nigeria

Nigerians are so overwhelmed by the inadequacies of Nigeria; we easily ignore its strengths.  I am not talking here about Nigeria’s potentials; I am talking about Nigeria’s current actual status in the world economy.  I am talking about Nigeria as a country with the biggest consumer market in Africa.  Just think about it: the entire economy of Kenya is only …

Read More »

Greece Looks to Avoid a Third Bailout

Greece is raising the prospect of debt relief with international lenders as Prime Minister Antonis Samaras announced a primary surplus of 1.5 billion euros as proof the country’s battered economy will begin to rebound this year.   Samaras said, however, he is keen to avoid a third bailout that may contain additional austerity measures, which he has repeatedly rejected, and …

Read More »

Large Dams Don’t Make Economic Sense: Study

The wave of new mega dams under construction globally is economically unviable, according to Oxford University researchers who have found such projects typically cost nearly twice as much as first estimated and rarely finish on time.   The findings are based on a study of 245 dams built in 65 countries since 1934, making it the most comprehensive analysis since a slew …

Read More »

Unravelling Zimbabwe’s “Food Crisis”

Is there a food crisis in Zimbabwe? The UN says 2.2 million people will be in need of food assistance until the end of March, based on a 2013 government-led joint survey by the Zimbabwe Vulnerability Assessment Committee (ZimVAC). But the government is now questioning those findings.   The Zimbabwean media have reported extensively on the seeming tug-of-war. But an IRIN investigation …

Read More »