Oil and gas production continues to dominate the Algerian economy, accounting for almost all of exports, close to half of government revenue and over a third of GDP. In recent years non-hydrocarbons GDP has outstripped wider economic growth, though this is largely driven by public spending rather than private sector activity.
With the National Bureau of Statistics(NBS) recording a real GDP growth rate, on an aggregatebasis, of 7.13% in the first quarter of 2011, and a slightly lower 6.17% for the same quarter in 2012, Nigeria boasts the continent’s second-largest economy after South Africa. Africa’s largest oil producer, Nigeria is the third-largest recipient of foreign direct investment in the continent after Angola and Egypt, according to the US Diplomatic Mission.
The expansion of Nigeria’s international fibre-optic capacity is easing long-standing constraints on high-speed internet connectivity, which in turn is attracting the attention of global cloud computing service providers eager to gain a foothold in one of Africa’s most promising markets. Disaster recovery services, remote back-ups and the provision...
Telecoms equipment and infrastructure suppliers are in high demand across the country. Having attracted international firms from India, the UAE and South Africa to invest in GSM licences, the state is encouraging Chinese and other international firms to invest in Nigeria in an attempt to address the current shortfall in terrestrial telecoms...
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