Africa Economy

With the nation’s largest industrial park set to be built in Ouled Saber, Sétif is set to benefit from an increasing flow of private and public investment into sectors such as electronics, automotive and agri-industry. The new enterprises emerging in the Sétif region will provide employment opportunities for thousands of people, while also advancing the province’s importance as a key...

The largest economy in the Maghreb, Algeria is also the region’s wealthiest country in terms of purchasing power parity-adjusted per capita. Hydrocarbons are the mainstay of economic activity; however, amid slowing production and exports, as well as the sharp drop in oil prices since mid-2014, the government is taking a range of measures to develop other sectors, with a particular focus on...

Algeria is Africa’s largest country. Its population – which is currently just under 40m – is rising at an annual rate of 1.9%. Like many other countries in North Africa, the population is young, with two-thirds under the age of 30. Hydrocarbons have long been the economy’s primary driver. The country is the world’s sixth-largest gas exporter, and has the 10th-largest natural gas reserves....

For several years Ghana was one of the leading lights of the “Africa rising” narrative, with double-digit growth rates that ranked at one point among the highest in the world. The discovery of oil, bumper crops of cocoa and an influx of new investment sus¬tained a robust expansion of GDP. Now, however, though the fundamentals remain attractive, short-term pressures have led to a downturn....

Boasting one of the region’s largest and most advanced markets, Ghana has long been a diplomatic and economic heavyweight in West Africa. The post-colonial era saw consolidation of the country’s economy and remarkable increases in the standard of living for many Ghanaians. While an abundance of natural resources has, for the most part, underwritten these improvements, recent efforts to spur...