The Miseducation of Informal Sector Biashara

 

Biashara in Africa’s emerging economies – Nigeria and Kenya – are at loggerheads with the state.  An ever bulging young demographic  and a failure to absorb them into the formal economy has resulted in increased biashara.  The informal sectors’ low barrier to entry favours entrepreneurial Africans. They have carved out biashara opportunities for themselves mostly in trade and services.

But, the peculiar nature of the informal economy presents a challenge for state agencies. [Read more…]

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The Curse of the Dollar, Why bitcoin matters for Africa

Commodity prices have dictated Africa’s fortunes for decades. Over the last 8 months, however, falling commodity prices have exposed the weakness of this model. I have always said, the peoples of Africa are best placed to benefit from an apolitical global currency like Bitcoin. [Read more…]