Several economists around the world are wondering whether the majority of Africans are benefiting from investment and profits originating from the continent. African leaders have been in the media claiming that Africa is experiencing one of the highest economic growth rates in the recent past. However, a growing gap between the rich and the poor, increase in cost of living and cost of consumer goods has disproportionate effects on working people as well as the poor. Countries such as Nigeria and Ghana that have reported to be undergoing economic growth are experiencing internal crisis linked to a rising cost of living and need to increase government expenditure on infrastructural development (Ndulu 5).

Despite the fact that Nigeria was named as the largest economy in Africa, its women, youth, farmers and workers are increasing their demand for access to quality life, resources and wealth. Furthermore, several alarming reports indicate that the economic growths in various parts of Africa are more complicated than the leaders’ indicate. As result, a research was conducted to unearth the issues behind the economic problems, how African governments and leaders can address them (Ndulu 37).

The major problem investigated is the interconnection between economy, social and political leadership with the current economic situation across Africa. It was crucial to analyze case studies and literature reviews containing information on African Economy. They analyzed relevant trade publications, annual economic reports, newspapers, magazines and on-line databases. Because of the time factors, the researchers relied mostly on web for data because it is faster and economical. Volunteers from public and private sectors, African economists, workers, International Monetary Fund, World Bank and African Development Bank provided necessary literature through the publications. The large pool of participants allowed the researchers to obtain wide range of data that was then crosschecked against other data to ascertain its validity.