Features | - Part 251

Tourism in West Africa: an economic, social and cultural opportunity

Abidjan, Cote D’Ivoire (Capital Markets in Africa) —- Whereas tourism is acknowledged as a driver of socio-economic development and growth in Africa, as evidenced in the last African Tourism Monitor, the 2015 edition of the annual report on competitiveness in travel and tourism, released in early May by the World Economic Forum (WEF), points out that West Africa lags behind when it comes to the travel sector. The ten West African countries assessed in the report…

Tackling non-tariff barriers is key to economic growth, says Kaberuka

Posted on by The Editorial Team

Kigali, Rwanda (Capital Markets in Africa) — African Development Bank President Donald Kaberuka paid a visit to Rwanda’s President Paul Kagame on June 23 to brief him on progress made since he was elected and re-elected as the Bank’s head in 2005 and 2010, respectively. Kaberuka thanked Kagame, the government, and the people of Rwanda for supporting his candidature for Bank’s presidency. “The mission you sent me to do I have completed in two terms….

Understanding West Africa’s Infrastructure Potential

Posted on by The Editorial Team

Lagos, Nigeria (Capital Markets in Africa) — West Africa is increasingly identified as an attractive destination for investors across all economic sectors. Its growing population of over 300 million and abundant resources continue to drive steady economic growth, as seen by a 6% average annual growth rate over the past decade. In addition, improved governance and political stability, institutional reforms, declining trade barriers, adoption of technology, and a re-emerging middle class attributable to an increasingly…

Doing Business in South Africa Can Be Made Easier Says World Bank Report

Posted on by The Editorial Team

Pretoria, South Africa (Capital Markets in Africa) —A new World Bank Group report assessing the business environment and state of regulations for domestic firms in South Africa finds that local entrepreneurs face a wide array of business obstacles depending on which city they establish their companies in the Republic. The report also highlights a number of constructive practices that can be better leveraged within the country to improve the business climate for local entrepreneurs and…

How the finance sector can drive Africa’s economic growth

Posted on by The Editorial Team

Johannesburg, South Africa (Capital Markets in Africa) — The rise of Africa’s financial services sector in recent years has been remarkable. From a relatively underexplored and underinvested sector a mere decade ago, today, this sector is considered to be one of the continent’s brightest prospects. This is due to the fact that financial sector development has been on the agenda of African policymakers for some time now as (aside from profitable opportunities for investors) continued…

New Nigeria administration may miss electoral commitments

Posted on by The Editorial Team

New York (Capital Markets in Africa) — The New Nigerian administration could miss most of its electoral commitments. Credit Suisse indicated that President Muhammadu Buhari and the new All Progressives Congress (APC)-led government face some immediate challenges that include a widening fiscal deficit, substantial debt maturities, oil-sector problems, and instability in the north of the country. It considered that the new administration is unlikely to deliver many of its major campaign promises in the near term…

A new dawn in Nigeria, will Buhari propel a new pathway ……?

Posted on by The Editorial Team

Lagos, Nigeria (Capita Markets in Africa):- Friday 29 May saw the inauguration of Muhammadu Buhari as the new president of Nigeria, following his election victory over Goodluck Jonathan. In his inauguration speech, Buhari set out what will form the core of his administration’s agenda, after first assuring his political opponents that he had no intention of settling old political scores as some had intimated, reiterating that the past would be left in the past. “I…

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