Technology is bringing new options to combat poaching in Africa. Elephant poaching is on the rise, and the international demand for illegal ivory continues to grow. In China, the ivory trade is extremely profitable; a single elephant tusk weighing 6 pounds can go for $12,700. The business in China is undergoing a crackdown and has largely […]
As South Africans continue to over-spend a changing global economic environment is likely to worry investors about the narrowing market opportunities and consumer spending capacities. South Africa has, in the past years, been an attractive investment location in part due to its consumer spending capacities, monetary stability, and market growth. However, South Africa’s economic growth and market […]
Rooted in poor governance, rampant unemployment and transnational links, Boko Haram may pay for its latest senseless act of predation. But its prospects, unfortunately, are bright. Boko Haram is known for its large-scale bombings and violent attacks across northern Nigeria and beyond, which often leave hundreds dead in their wake. But even by the group’s own brutal standards, […]
April 26th, 2014 marked 50 years of the Union between the Republic of Tanganyika and the People’s Republic of Zanzibar. With Zanzibar’s demands for independence growing stronger, there was real concern across the nation about the potential for unrest. However, no violence was recorded. A Record number of Tanzanians congregated in Dar Es Salaam’s Freedom […]
Intense efforts at reforming the income tax system have paid off. Investors in East-Africa can rejoice as the playing field for businesses in Burundi is stabilized. An autonomous government agency has overhauled the tax system of small, landlocked Burundi, increasing income from taxes significantly. If the trend continues, Burundi may be free from aid dependency in 2017. […]
Development of infrastructure is one of the top political priorities in Africa, to enable economic growth and competitiveness. Without adequate infrastructure endowment, Africa risks sacrificing about 2% of GDP growth per annum. – World Economic Forum on Africa The most recent data from the World Economic Forum (WEF) reveals that South Africa, while still enjoying […]
Nigeria’s recent pension reform seeks to make significant changes to the current system and signals Nigeria may be a good investment. On April 8, 2014 the Nigerian Senate passed the Pension Reform Act of 2014 which repeals the Reform Act of 2004. Following the vote, the upper house of the Nigerian legislature has asked President […]
Nigeria has begun using a new base year for its GDP calculations and has added new sectors to the economy. The change in calculation has nearly doubled its GDP estimate for 2013. At the beginning of April, Nigeria overtook South Africa as the largest economy on the continent, nearly doubling its GDP through a statistical revision. […]
Somaliland is a thriving and relatively stable part of a region plagued by crime and political violence and offers many investment opportunities. Could the breakaway region become a blueprint for development in Somalia? In 1991, the northern enclave of Somaliland separated from the rest of Somalia after the collapse of Siad Barre’s authoritarian regime. Somaliland […]
This final part in the GRI Series on energy subsidies examines Nigeria’s attempt at reform, and why it went wrong. Gradual adjustment and decision transparency are key elements of success. Nigeria provides an excellent case study on the failure to properly manage the removal of energy subsidies. Currently the eighth most populous country in the […]
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