It’s quite rare when the U.S. media has something nice to say about Africa. This week was an exception, in The New York Times, in an interactive digital article about the population growth and economic growth of the African continent. The median age in Africa here in 2023 is just 19 years old, nearly a decade younger than in India and the rest of South Asia. By 2050, more than 1/3rd of all...
While the expectation of investors is to receive periodic financial reports from investees, in reality few of the raw numbers in those reports are what we’re interested in, but instead ratios of those values.
In the fight to eliminate global poverty, a statistic often quoted is the World Bank’s claim that the poverty rate is below 10%. True, but only when measured against a global poverty line of $2.15 per day. $2.15 is about the same as American’s spend per day on their dogs and cats. Progress is still positive if you pick a more realistic poverty line, but at $3.65 there are nearly 2...
Half of all the CO2 emitted annually come from just 10% of the global population. Not surprisingly, from the richest 10%. And in case you think you are not rich, this is the top 10% global income, which is 99% of everyone living in the U.S., Canada, Europe, Australia, New Zealand, and Japan. The “Global North”. Meanwhile, most of my work is spent focused on Africa, where 90% of the...
