Daily Archives: 5th February 2026

Africa entered 2026 with a small but increasingly concentrated billionaire class, according to new data from UBS, reflecting how global wealth creation continues to favour a handful of large economies on the continent. Africa’s billionaire class experienced notable shifts in 2026, with significant wealth concentration evident in Nigeria, South Africa, and Egypt. Across the Middle…

Several African economies remain heavily dependent on imports, according to World Bank data, highlighting structural weaknesses that continue to leave the continent vulnerable to currency shocks, supply-chain disruptions, and global price volatility. Many African nations heavily rely on imports, demonstrating vulnerabilities such as exposure to global price volatility. Imports equate to large proportions of GDP…