Since 1953, when oil was first discovered near Port-Gentil, Gabon’s economy has been dominated by the petroleum industry. According to the BP “Statistical Review of World Energy 2012”, Gabon is the sixth-largest crude oil producer in sub-Saharan Africa and has the region’s fourth-largest proven reserves.
One of the most important industrial segments, Egypt’s textiles sector is a major employer and source of export revenue. Proving resilient to competition, economic downturns and social unrest in recent years, it thrives on a number of competitive advantages, like favourable trade relations and active government support.
The fast growth in Egypt’s retail sector took a pause in 2011 and early 2012, as political uncertainty following regime change led many retailers to scale back expansion plans. However, the expectation is that once political stability returns, the increased purchasing power of Egypt’s rapidly-growing population is likely to drive expansion once more...
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