The clock was ticking. We knew he was going to die. His organs were slowly shutting down. First, his bowels, read more The financial empowerment of the middle class: Why it matters
The article emphasizes the growing importance of the African middle class, defined as working-class individuals with disposable income. Projections suggest that by 2060, this group could constitute over 40% of Africa's population, driving socio-economic change. Empowering this class can lead to better governance, increased investment in education, attraction of venture capital, and economic growth through higher consumer demand and tax contributions. Strategies include financial innovations, diaspora engagement for funding and connections, and government policies like tax incentives. The author, driven by personal motivation, is committed to fostering this empowerment through her work at Volition Cap.
