Africa Economy

Since the country gained independence more than 50 years ago, Algeria’s economy has evolved significantly, but it has only been in recent years that its heft as an investment destination has tangibly changed, and for the better. Algeria has been following something of a contrary approach to much of the rest of the world over the past few years. Even...

As they are throughout North Africa – and indeed, much of the emerging world – subsidies remain a major driver of fiscal expansion in Algeria and have become a balancing act between minimising hardship for lower-income groups and avoiding a large rise in fiscal deficits. Algeria is luckier than most countries, with significant hydrocarbons revenues...

Over the past year, Algeria has continued the economic expansion that it has been pursuing since the start of the millennium. Our overall strategy is marked by efforts to reinforce, modernise and diversify our economy and to help strengthen its competitiveness abroad and move away from dependence on hydrocarbons, all the while supporting the...

Given that the country’s exports are dominated by hydrocarbons, Nigeria’s agricultural sector provides an estimated 60% of jobs across the nation – a dynamic that is mirrored in many of the states, and Oyo is no exception. Agriculture is currently the main contributor to Oyo State’s economy, comprising 38% of gross state product (GSP) and...

Known as the “pace setter state”, Oyo is in south-west Nigeria and borders the states of Ogun, Osun and Kwara, as well as Benin. With an extensive interstate road network and the ability to capitalise on high volumes of cross-border activity, the state benefits from a strategic location, enabling companies to receive shipments from the ports of...