Locations

Nigeria’s Special Economic Zones (SEZs) have emerged as powerful catalysts for economic growth, generating 35,000 direct and indirect employments and propelling socioeconomic development across the nation, according to Nabil Saleh, chairman of the Nigeria Economic Zones Association. Speaking at the association’s annual general meeting in Lagos, Saleh revealed that the SEZs have not only spurred employment but have also attracted substantial investments. He disclosed that these zones have drawn over $66 billion in Foreign Direct Investments (FDI) and N620 billion in Domestic Direct Investments (DDI). A breakdown of the investments highlights the dominance of the manufacturing sector, which claimed 45%…

In the aftermath of its most powerful earthquake in over six decades, Morocco is calling upon visionary investors to breathe new life into its vibrant tourism sector. Opportunities abound, spanning from the development of pristine beachfront resorts to the creation of immersive theme parks. With a resolute ambition to double annual investment in the tourism industry to a staggering $2 billion by 2026, Imad Barrakad, the trailblazing CEO of the Moroccan Agency for Tourism Development, shared his bold vision on the sidelines of the Future Hospitality Summit in Abu Dhabi. Presently, the nation draws in a commendable $1 billion in…

Rwanda, the small but mighty nation in the Great Rift Valley of central Africa, is known as ‘the land of a thousand hills.’ Perhaps a more appropriate moniker would be ‘the land of a thousand opportunities’, for here, a can-do attitude is helping to pioneer an ambitious and forward-looking new narrative that seeks to harness the unfulfilled potential of the continent and has Rwanda on a fast track to becoming the Singapore of Africa. No longer are African nations defined by their dependent and subordinate relationships with this or that global power, but rather, setting their own agendas and striking partnerships…

Washington, DC: An International Monetary Fund (IMF) team led by Papa N’Diaye visited South Africa on March 1-17 to hold meetings with the economic authorities and other counterparts from the public and private sectors for the 2023 Article IV annual consultation. Discussions focused on policies to ensure macro-financial stability and the far-reaching reforms needed to durably lift potential growth, create jobs, reduce poverty and inequality, and facilitate the transition to a greener economy. ContextSouth Africa’s economic and social challenges are mounting, risking stagnation amid an unprecedented energy crisis, increasingly binding infrastructure and logistics bottlenecks, a less favorable external environment, and…