Africa > West Africa > Economy

Economy in West Africa

  • Under the Radar: Why savvy investors should take a look at Côte d’Ivoire

    CôTE D'IVOIRE, 2017/11/27 Côte d’Ivoire is a frontier market often overlooked by multinationals as a viable investment opportunity. Here are some brief reasons why investors with a risk appetite should start paying attention. Growing political stability Côte d’Ivoire is no stranger to violence and political instability. On December 24, 1999, the country suffered its first ever coup d’état at the hands of a military junta led by General Robert Guéï. In October of the following year, Guéï attempted to legitimize his rule by holding an election.
  • Small firms the focus as Nigeria launches action plan to improve business conditions

    NIGERIA, 2017/11/11 Nigeria is moving forward with strategies to improve the business and investment environment in the country following the launch of a new package of reforms designed to support small businesses and clear hurdles to increase. On October 3 the federal government unveiled its second 60-day national action plan (NAP 2.0) – which forms part of the broader Economic Recovery and Increase Plan 2017-20 – aimed at increasing levels of employment, boosting GDP and facilitating business expansion. Targets of the NAP 2.0 include the adoption of electronic registration processes for new businesses; the registration of 300 microfinance banks to the national registry to assist with SME financing; and the elimination of illegal roadblocks on major trading routes across the country.
  • Côte d’Ivoire prime minister looks to maintain peacetime profitability

    ABIDJAN, 2017/10/31 Beset by civil war in recent times, Côte d’Ivoire has presently emerged as one of Africa’s fastest growing economies. The country's prime minister and minister of budget and national portfolio, Amadou Gon Coulibaly, tells James King why Côte d’Ivoire can be relied upon in a political sense, and how he plans to maintain its levels of foreign investment .
  • Africa’s Growth: Nobel Laureate Joseph Stiglitz Calls For New Strategy

    BOTSWANA, 2017/10/19 Joseph Stiglitz has advised African nations to adopt coordinated strategy encompassing agriculture, manufacturing, mining, and service sectors to attain same success delivered by the old manufacturing export-led strategy. Prof. Stiglitz, an economist and professor at Columbia University, New York, gave the advice at the Babacar Ndiaye lecture series introduced by African Export-Import Bank (Afreximbank) which debuted in Washington D.C.
  • Guinea says economic growth to dip to 5.8% in 2018

    GUINEA, 2017/10/17 Guinea’s economy will grow 5.8 % in 2018, down from an expected 6.7 % in 2017, the budget minister said on Tuesday, as it struggles with low commodity prices and unrest that has interrupted bauxite mining. The estimate is lower than the 7 % increase target authorities had been hoping to exceed in 2018, Budget Minister Mohamed Lamine Doumbouya told repoters in the capital Conakry.
  • Sub-Saharan Africa economic growth to pick-up next year

    AFRICA, 2017/10/15 Nigeria and South Africa are expected to lift sub-Saharan regional increase next year, a Reuters poll showed, once their central banks cut rates to boost Africa’s major – but sickly – economies. The two economies contribute additional than half of sub-Saharan Africa’s gross domestic product and the poll taken in the completed three days showed Nigeria’s economy, Africa’s biggest, will grow 2.4 % in 2018, up from 0.8 % this year. It has been in recession since late 2015.
  • Togo protests continues as business owners worry about economic impact

    TOGO, 2017/10/05 It seems like business as usual in Togo’s capital, Lome despite growing tension and ongoing protests calling for an end to President Faure Gnassingbe’s policy, but a lot of say the political crisis is having a negative impact on their livelihood. Residents say there have been internet cuts – a method increasingly used by governments to stifle criticism at sensitive times. An Entrepreneur, Marcel Agbedanou who owns an internet cafe said the situation is really deplorable, adding that it has led to critical consequences for their businesses.
  • Africa Convergence: Towards Africa's economic growth

    BOTSWANA, 2017/10/05 To surpass the current physical and mental borders which are hindering the development of the African continent, conference the digital challenge to achieve an Integrated and sustainable economy for increase. This was the issue on the schedule of the second Africa Convergence Conference was attended by about 30 speakers from all sectors of activity and about 300 CEOs for an unprecedented dialogue on the next of the continent. As well on the table for discussion was : regional integration, financing, unearthing talents and emerging issues related to the harmonization of economies.
  • Buhari Destroyed Nigeria’s Economy

    NIGERIA, 2017/10/04 Reno Omokri has told the current Muhammadu Buhari-led government to leave his former principal alone and focus on amending the economy he has destroyed. According to Omokri, “It is rather unfortunate that instead of sticking to the facts in its tiff with Ohanaeze Ndigbo, the Federal Government decided to drag former President Jonathan into a matter he knows nothing about by stating that “We inherited a country in tatters- its economy, its security and its social relations. President Buhari deserves credit for rebuilding what has been destroyed.”
  • Buhari Destroyed Nigeria’s Economy

    NIGERIA, 2017/10/04 Reno Omokri has told the current Muhammadu Buhari-led government to leave his former principal alone and focus on amending the economy he has destroyed. According to Omokri, “It is rather unfortunate that instead of sticking to the facts in its tiff with Ohanaeze Ndigbo, the Federal Government decided to drag former President Jonathan into a matter he knows nothing about by stating that “We inherited a country in tatters- its economy, its security and its social relations. President Buhari deserves credit for rebuilding what has been destroyed.”