Although the local economy has continued to recover from the negative impacts of the oil price shock of 2014 and the 2016 recession, more remains to be done to achieve economic diversification. The results of our second Business Barometer: Nigeria CEO Survey show increased confidence among C-suite executives, with 85% expressing positive or...
Although the Nigerian economy has continued to achieve positive growth as it recovers from the oil price shock and the 2016 recession, more remains to be done to achieve economic diversification. According to the National Bureau of Statistics, the economy grew by 0.8% in 2017, compared to a contraction of 1.6% in 2016, driven primarily by a...
With a tax collection rate of roughly 6% of GDP, Nigeria’s tax revenues are lower than its regional peers. The government is working on several fronts to boost its take. The stated goal is to more than double that ratio by 2020, which will involve long-term policy reforms as well as targeting foreign direct investment. Additionally, it is not...
Decades of growth in trade and foreign investment have seen global economies become more interconnected than ever before. This trend has been reinforced by the steady liberalisation of international trade and investment, at the bilateral, plurilateral and multilateral levels. National economic specialisations, and regional economic and...
With strong ties to France, its former colonial power, as well as good relations with its African neighbours, Djibouti is well placed both politically and geographically to serve as a regional trade leader. After gaining independence, Djibouti’s territorial integrity and external defence were guaranteed under the 1977 Treaty of Friendship and...
A small country maintaining good relations with both of its neighbours and a range of global powers, Djibouti is often referred to as an island of stability in a sometimes-troubled region. Despite domestic challenges related to the country’s economic and infrastructural development, political life has been relatively peaceful in recent years,...
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