In EnglishGrace à des projets d’investissement visant la modernisation des aéroports, des services de fret aérien en plein essor et de nouvelles explorations pétrolières offshore, l’aviation au Gabon est actuellement un secteur en croissance. Toutefois, la cessation des activités de la compagnie aérienne privée Gabon Airlines et un projet de création d’une compagnie aérienne régionale…
Nigeria’s film industry, the second-largest in the world by volume, is already a prime destination for investment but with a national film fund and major infrastructural projects under consideration, there is potential for further growth.On May 8, Segun Oyekunle, managing director of the Abuja Film Village International, a public-private partnership with the Federal Capital Territory Administration,…
Oxford Business Group launches 2012 publication on Kingdom’s economyThe massive investment Saudi Arabia is making in major developments across the sectors of its economy, including housing, transport and oil refinery projects, is given wide-ranging coverage in a new report just published by Oxford Business Group (OBG). The Report: Saudi Arabia 2012provides in-depth analysis of the…
It is no secret that China has been increasing its economic links with Africa at an exponential rate in recent years, with hydrocarbons-rich countries such as Nigeria among the chief beneficiaries. The previous decade has seen Abuja concluding multibillion-dollar deals with Beijing-based conglomerates across a variety of sectors. While the relationship does have its critics, China’s role in both…
Reforms in Ghana’s tourism sector have given new powers and responsibilities to the newly-formed Ghana Tourism Authority, which will now play a direct role in channelling investment and launching new initiatives, with a particular focus on regional development and sustainable, community-based tourism.Tourism has become an increasingly important part of Ghana’s economy. In 2010, the sector accounted…
Major changes are in the works for the Nigerian aviation sector, with plans to upgrade a number of airports. Officials have also called for a review of the government’s airport concession agreements, with an aim to generate more revenue to support further development of the country’s air travel infrastructure.In late October the managing director of the Federal Airport Authority of Nigeria (FAAN),…
After only one year operating, NTA-Star TV Network, a joint venture between state broadcaster Nigerian Television Authority (NTA) and Chinese media company StarTimes, has attracted some 400,000 subscribers to its digital terrestrial television (DTT) service. The company, currently in several major urban areas, plans to expand to more markets across the country within the next five years.The rapid growth…
With local refineries unable to meet domestic demand, Nigeria – Africa’s largest exporter of crude oil – currently imports more than 70% of its petroleum needs. However, this could change if plans to build three new refineries are realised.The China State Engineering and Construction Company (CECC) has begun preliminary designs for three new refineries to be built in Lagos, Kogi and Bayelsa states.…
The prime functions of a newly revamped ministry are to reverse a decline in foreign direct investment (FDI) and to boost trade. On July 11, the federal government said it would replace the Ministry of Commerce and Industry with the Ministry of Trade and Investment (MTI). The new ministry, to be headed by Olusegun Aganga, the former minister of finance, will lead Nigeria’s efforts to increase private…
While agriculture accounts for about 40% of its national GDP, Nigeria currently produces only a small portion of the fertiliser consumed by its farmers. However, a radical change is in sight, with the recent announcement that two new fertiliser production facilities will come on-line within the next few years.On July 8, the Dangote Group, the Nigeria-based manufacturing conglomerate, announced that…
