Indigenous Business for Regional Dynamics in Africa

Indigenous business for regional dynamics in Africa   July 2016 Iheduru, O.C. 2016. “Indigenous Business for Regional Dynamics in Africa.” GREAT Insights Magazine, Volume 5, Issue 4. July/August 2016, pp. 30-35. Summary: Large-scale indigenous entrepreneurs are helping shape Africa’s regional dynamics. Two West African examples, namely industrial investment and infrastructure development and financial integration, demonstrate the socialisation…

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Acacia Mining, Barrick Gold Corp, Dangote and the Challenges and Opportunities of Resource Nationalism in Tanzania

Tanzania’s president, John Magufuli, nicknamed “the Bulldozer” for his forceful leadership style, has adopted a robustly nationalistic stance towards foreign investors, particularly in the extractive industries. Mr. Magufuli has sent shock-waves through the mining community with a series of actions since his election in 2015 that he says are to distribute revenue to the Tanzanian…

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A look at central banking in Nigeria (1)

The Central Bank of Nigeria (CBN) has a ‘mission creep’ problem. It has strayed too far into ‘development’ intervention, hardly the core mission of central banks around the world today. Mission creep spreads the Bank’s regulatory capacity too thin, inexorably leading to its now notorious fire brigade responses to structural failures. Moreover, ‘development’ banking unavoidably…

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A look at central banking in Nigeria (2)

We return this week to the concluding part of the ‘mission creep’ problem in the Central Bank of Nigeria (CBN) caused by its forays into ‘development’ activities. To reiterate, mission creep spreads the Bank’s regulatory capacity too thin, inexorably leading to its now notorious fire brigade responses to structural failures. CBN’s ‘development’ banking unavoidably leads…

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Political Risk Factors and the FMCG Market in Nigeria

Summary Nigeria’s Fast Moving Consumer Goods (FMCG) sector has grown phenomenally, from $884m in 2008 to 2011 estimate of $1bn. A barrage of new entrants and cut-throat competition threatens to upset a market dominated by companies like Unilever (NYSE:UL), Procter (NYSE:PG) & Gamble, ReckittBenckiser, Nestle (SWF:NESN), GlaxoSmithKline (NYSE:GSK), Paterson (GHA:PZ) & Zochonis, etc. While long term outlook remains positive,…

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Nigerian military making West Africa safe for South African business (2)

In Part 1 of this essay, I argued that Nigerians hardly benefit economically from the relative peace their country has guaranteed in West Africa at the cost of over $1 billion, more than 1,000 soldiers dead, plus thousands wounded in peacekeeping and peace-enforcement operations. Instead, South Africans are among the biggest beneficiaries of Nigeria’s often…

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Sierra Leone’s Economic Climate Prior to the 2018 Presidential Elections

An overview of the current foreign investment climate within Sierra Leone In recent years, Sierra Leone’s economy has been among the fastest-growing in sub-Saharan Africa. Following peaceful multi-party elections in 2007 and 2012, real GDP growth hit 15.2% in 2012 and 20.1% in 2013. Growth came to an abrupt halt in 2014, with the largest…

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