TAG: Africa
While the results of the latest OBG Business Barometer: Morocco CEO Survey underscore chief executives’ continued optimism surrounding business conditions in the kingdom, they also highlight key policy areas in need of further improvement. Although it is on the right path, with GDP growth slated to reach 4.4% this year, Morocco needs to undertake a series of reforms to boost its manufacturing industry, recover high levels of liquidity – and thus financial dynamism – and ensure long-term economic success through educational measures to improve its human capital.
OBG’s African economies have rolled out new capital market instruments and more transparent Customs procedures; they have paved the way for bigger and better-capitalised banks and the emergence of new innovative technologies; and they have made it easier for citizens to access everything from microcredit to health insurance to a well-paying job.
The fall in oil prices in 2014 shook markets around the world, but few have been hit as hard by the decline as Nigeria.