Underinvestment has led to a shortage of capacity for a country of nearly 170m people, and as GDP growth continues to surpass 7%, the resulting increase in both consumption and production means there is sizeable scope for investment in roads, ports, bridges, airports and other facilities. The government has thus embarked on the process of eliminating institutional obstacles and incentivising...
Transport
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With $286bn allocated to major infrastructure developments, the government has devised a five-year plan for improving connections, including road networks, ports, urban mass transport and rail lines. Three major highway projects are either under way or in planning, including the East-West Highway, the Hauts Plateau Highway and the North-South Highway. The government is also expanding capacity at...
As the single most populous nation in Africa, Nigeria recently overtook South Africa as the largest economy on the continent. Natural resources, oil and gas in particular, comprise the country’s single largest revenue-earner but the 170m person economy also has seen significant activity in recent years into the industrial, financial, telecoms and – as of 2013 – power sectors.
Considerable oil and gas revenues have provided the Algerian government with sufficient funds to embark on generous public spending programmes in nearly all sectors, leading to improvements in many of the country’s headline indicators.
Egypt has long served as one of the world’s oldest transport hubs. For millennia, its position, straddling major trade routes between Asia, Africa and Europe, has made the country a commercial and cultural crossroads, and since 1879 it has been home to the Suez Canal, through which 10% of the world’s total trade volume passes. Thanks largely to the canal, the transport sector has helped to buffer...
The wealth of the Nile River and its fertile banks and delta, together with Egypt’s location at the confluence of Africa, Asia and Europe, have made the country a valuable prize for centuries, as well as a centre of trade and ideas.