archiveMillionaire Insider

Inflation is easing in several leading African economies, but Nigeria continues to face high consumer prices. The National Bureau of Statistics (NBS) reported that Nigeria’s headline inflation rose to 34.19% in June, up from 33.95% in May 2024. Conversely, South Africa, recognized by the International Monetary Fund as the continent's...

Mark Arian, CEO of Korn Ferry Consulting, reported that 71% of U.S. CEOs experience "imposter syndrome." This statistic is based on a recent Korn Ferry survey of 10,000 global employees, which is part of the "Workforce 2024 Global Insights Report." The survey indicates that feelings of doubt at work are...

Allegiant Travel Company announced on Thursday that Gregory C. Anderson, currently the president, will assume the role of CEO in September, succeeding the long-serving Maurice Gallagher. Gallagher, who has been a pivotal figure in the company’s growth, will continue to serve as the chairman of the board. The Las Vegas-based...

Artificial intelligence (AI) is set to significantly enhance economic growth in the US and other advanced economies more than in China and emerging markets, according to a study by Capital Economics. This development is expected to heighten global competition between Washington and Beijing. The study ranks countries based on their...

The U.S. Food and Agriculture sector has long been the nation’s backbone, creating millions of jobs and significantly contributing to the American economy. Yet, as the 21st century progresses, the sector's agricultural and food-processing industries face a growing number of challenges, including labor shortages, rising input costs, and intensifying global...

Small Medium Enterprise (SME) is used to describe the dimension of businesses. However, the characteristic that I think truly defines SMEs is the big overlap between ownership and leadership. SME Owner-Leaders supply the vision and working capital for the business, while also being critical to operations. SME Owner-Leaders are the...

Aliko Dangote, Africa's wealthiest man, recently surprised many Nigerians by revealing that he does not own any property outside of Nigeria. Despite his immense wealth, Dangote stated that he has only two houses, one in his hometown of Kano and another in Lagos, and he rents an apartment whenever he...

"It takes a village to raise a child." — An African proverb What does the African proverb about a village raising a child have to do with entrepreneurship? Plenty. Just as a child thrives in a supportive environment, entrepreneurs excel in bringing innovation to the market when supported, cherished, and...

H.W. Kaufman Group announced on Tuesday the appointment of former American International Group Inc. executive Paul Greensmith as the CEO of H.W. Kaufman Group London, effective October. Greensmith will oversee Kaufman’s operations in the U.K., Europe, South America, and the Middle East. He will report to Jodie Kaufman Davis, Executive...

The Factum Global Business Survey, published last month by consultancy Factum Global, indicates an 8 percent decrease in its overall "sentiment score"—a measure of leaders' attitudes across various business factors—compared to last year. Despite this decline, a significant 77 percent of respondents plan to continue or increase their international activities...