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When Is It Time to Step Down? In a candid moment, John Mackey, the co-founder of Whole Foods, shared, "It wasn't really exciting any longer." This sentiment strikes at the heart of a significant turning point in the lives of many executives. When Mackey sold his business to Amazon in 2017, he had committed to a five-year tenure post-sale. Yet, as time passed, the cultural friction with the corporate giant weighed heavily on him. By the time the fifth anniversary approached, he informed Amazon's leadership of his…

In the 2025 edition of America's Richest Immigrants, compiled by Forbes, a striking narrative unfolds. This ranking not only highlights personal wealth but also magnifies the monumental impact of immigrant entrepreneurship across the United States. Each name on this list carries a story of ambition—a testament to the indomitable spirit of those who have dared to forge their paths in a foreign land. A remarkable 14% of all billionaires based in the U.S. hail from 41 different countries—representing a tapestry of…

This past weekend, the streets of Abidjan came alive with the fervor of thousands of supporters from the ruling Rally of Houphouetists for Democracy and Peace (RHDP). Together, they gathered in a spirited demonstration to express their unwavering support for President Alassane Ouattara. This impressive turnout was not just a display of loyalty; it marked a pivotal moment in the lead-up to the party’s congress, where Ouattara is expected to secure the endorsement for his candidacy in the upcoming October presidential…

In a stark illustration of economic disparity, four of Africa's wealthiest individuals possess a staggering $57.4 billion—an amount that surpasses the combined wealth of approximately 750 million people. This figure accounts for nearly half of the continent's total population. These eye-opening statistics stem from Oxfam's recent report, which explores the rapidly escalating issue of inequality in Africa. The report, Africa’s Inequality Crisis and the Rise of the Super-Rich, lays bare a troubling narrative of…

Nigeria’s Digital Economy and the Rise of Fraud: A Call for Regulatory Action Recently, significant concerns have come to light regarding the safety and stability of Nigeria’s rapidly evolving digital economy. According to sobering statistics, a staggering 70% of financial losses attributed to various crimes were traced back to digital platforms, many of which operate beyond the reach of regulatory oversight. This raises an urgent question: do we have adequate measures in place to protect our financial…

Starlink Controversy: A Political Landscape Unfolding Recently, during a budget vote debate in Parliament, Eff MP Sinawo Thambo voiced serious concerns regarding the South African government's intentions surrounding the ICT licensing framework. Thambo, representing the Economic Freedom Fighters, characterized the government's modifications as an undue effort to pave the way for Starlink's entry into South Africa. “There’s a security threat that it poses. It must never be allowed to operate in South Africa,” he asserted…

The recent developments in Nigeria’s maritime landscape signify a concerted effort to reposition itself as a key player in the regional cargo traffic arena. The nation is setting its sights on attracting a larger share of cargo bound for neighboring countries such as Ghana, Togo, and Côte d’Ivoire. Over the years, these countries have become established transshipment hubs for goods intended for Nigeria. Such strategic shifts raise compelling questions: What does this mean for the future of trade in West Africa? How will it…

Recent studies by Henley & Partners forecast a significant shift in global wealth migration by 2025, predicting that around 142,000 dollar millionaires will seek new homes across the globe. Among their preferred destinations? The UAE, USA, Italy, Switzerland, and Saudi Arabia lead the pack. Quite intriguing, don't you think? Despite the allure these nations offer, Africa finds itself in a paradoxical state—experiencing both losses and rare gains, highlighting the sharp contrasts among its nations as they navigate this…

LGBTQI Event Cancellation: The Interplay of Human Rights and National Sovereignty Recently, a significant event aimed at raising awareness about LGBTQI issues was organized by the United Nations and the Dutch embassy. The program included a film screening followed by heartfelt discussions, creating a platform for dialogue and understanding. But as often happens when discussing sensitive topics, especially in conservative regions, the context quickly shifted. In a startling twist, the Senegalese foreign ministry…

The Nigerian National Petroleum Company Limited (NNPC) is currently exploring the possibility of divesting its state-owned refineries after years of costly renovation efforts that have yielded minimal results. This strategic reconsideration comes as part of a larger effort to enhance the company's operational efficiencies and long-term sustainability. At the recent 9th OPEC International Seminar held in Vienna, Bayo Ojulari, the Group Chief Executive Officer of NNPCL, took a candid approach in discussing the…