Nigeria is home to Africa’s largest economy and population, and is an engine for growth in the continent. While the government is largely reliant on oil and gas revenue, the economy itself is more diversified. Indeed, the non-oil sector accounted for 90.8% of real GDP in the first quarter of 2021. Services were the largest contributor to...
In February 2019 Nigerians went to the polls to elect a president, National Assembly and other leaders across the state and federal levels. Incumbent head of state Muhammadu Buhari won re-election with around 56% of the votes. It was the sixth general election since the return of civilian rule in 1999. The next round of elections are expected...
In September 2020 Wamkele Mene, the secretary-general of the African Continental Free Trade Area (AfCFTA) Secretariat, told a conference in South Africa that AfCFTA negotiations on e-commerce and digital trade would be fast-tracked, with the Covid-19 pandemic heightening the need for an adequate legal and governance framework. These talks were...
With a population of over 200m and abundant natural resources, Nigeria is Africa’s largest economy. The country has developed an investment-friendly business climate over two decades of civilian rule and in the nearly 60 years since independence, boosted by oil and gas wealth, and the entrepreneurial spirit of its young population. However,...
Prior to the onset of the global Covid-19 pandemic an ambitious programme of economic reform had succeeded in accelerating Egypt’s growth and reducing its fiscal deficit. The creation of a more business-friendly environment and the streamlining of the country’s bureaucracy has seen Egypt rise steadily in global rankings. This progress has,...
Egypt is working to establish itself as a leading destination for foreign direct investment (FDI). These efforts were spearheaded by the promulgation of a new investment law in 2017, which sought to significantly improve the legal framework for investors. While the impact of the legislation appeared to be muted, FDI inflows rebounded in both...
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