Rethinking Africa’s Informal Economy: A Pathway to Ending Poverty

Could Africa’s informal economy be an overlooked key to reducing poverty across the continent? In this episode, we examine why Africa needs a new approach to a sector that employs over 80% of its workforce. Pierre Nguimkeu, Director of the Africa Growth Initiative and Senior Fellow in Global Economy and Development at Brookings, argues that compliance is often demanded from the informal sector before value is delivered.We also explore how Nigeria can follow the path taken by China and other countries to reduce poverty, with more than 100 million Nigerians still living in poverty.Former Prime Minister Tony Blair says the present UK leadership has no idea on what to do to revive the economy. All this as France economy contracts in Q1, a first since after the COVID Pandemic. Plus other global Business Headlines.