Investors from Organisation of Islamic Cooperation member countries are increasingly looking at opportunities in sub-Saharan Africa
GGA Dev
Africa’s most sophisticated economy faces global headwinds, but problematic governance compounds its challenges
Nigeria, Africa’s largest economy, plans to double its foreign direct investment (FDI) by removing impediments to investment, but this may be a tall order
A raft of legislation introduced in Namibia since last year may have the opposite effect from the one claimed
Kenya is enjoying a boom in foreign investment, but corruption and political instability still pose risks
A precarious stability in Madagascar has not restored investor interest
China moves to stimulate industrialisation on the continent, but will it pay off? China likes to position its engagement with Africa as that of one developing region assisting another. However, Beijing sometimes claims that it is “just another market player” on the continent—often as a retort to Western critics. In the main it tends to emphasise the former narrative. Many African states share a socialist history with China of anti-colonial and anti-capitalist struggle. The latter claim is perhaps ironic today, given China’s adoption of capitalism, but it is an important political basis for the identity of the BRICS grouping—Brazil, Russia,…
Angola is trying to diversify its economy and reduce its dependency on oil exports
The resource-rich Central African Republic faces major obstacles to development
Once dismissed as an unlikely success story, this island nation has built a thriving, diverse economy on solid policies
