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  • Practical information for visitors to Morocco

    Practical information for visitors to Morocco

    October 1, 2013

    Official languages Arabic and the Amazigh (Berber) language are the official languages of Morocco but French is widely taught and serves as Morocco’s primary language of commerce and economics. It also is widely used in education and government. Spanish is spoken by some Moroccans, especially in the northern regions, but a boost is being given… Read more

    #Africa #Morocco #Practical Information
    #Guide Morocco 2012
  • A tale of two investors

    A tale of two investors

    October 1, 2013

    For AMDI, all investors are created equal. Here is how AMDI helped a Spanish manufacturer (Sage Energia y Produccion) and a start-up (Elephant Vert) with their entries into Morocco. As Ahmed Fassi-Fihri, the director of AMDI Invest in Morocco, can testify, foreign investors come in all sizes and shapes: “For Sage Energia y Produccion (SEP),… Read more

    #Africa #Investment #Morocco #Overview
    #Guide Morocco 2012
  • Tuned in to tourism

    Tuned in to tourism

    October 1, 2013

    Strategies to increase bed capacity and visitor numbers have given Morocco’s tourism sector, one of the country’s largest GDP contributors, a real shot in the arm despite economic and political troubles elsewhere. The Moroccan government commissioned its Vision 2010 strategy in 2001. Between then and 2010 the number of visitors to Morocco more than doubled… Read more

    #Africa #Industry #Morocco #Services #Tourism
    #Guide Morocco 2012
  • Top 10 reasons to invest in Chile

    Top 10 reasons to invest in Chile

    October 1, 2013

    1 Dynamic Economy Chile has the most dynamic economy in Latin America. In 2010, Chile’s GDP expanded by 5.2% while per capita income reached its highest level in eight years, this despite Chile suffering the sixth largest earthquake ever recorded. The IMF estimates Chile’s GDP will reach $222,788 million in 2011, a 6% increase over… Read more

    #America #Chile #Overview #Top Reasons
    #Guide Chile 2012
  • Morocco’s new consumer society

    Morocco’s new consumer society

    October 1, 2013

    With increasing wealth and exposure to global trade, the Moroccan lifestyle is slowly being transformed. An expert at Morocco’s leading business school gives some pointers on understanding the changes. By Imane El GhazaliProfessor ofEconomicsESCA School ofManagement According to the Moroccan High Planning Commission, my country is a balanced mix of classes. The middle class is… Read more

    #Africa #Consumer Behavior #Morocco
    #Guide Morocco 2012
  • Pharma eyes export market

    Pharma eyes export market

    October 1, 2013

    The lifting of its long-existing protectionism has made the Moroccan pharmaceutical industry nimbler and more open to foreign assistance, placing the industry in a position to export to sub-Saharan markets. The pharmaceutical industry is a key ingredient to the Moroccan economy. In 2011, it accounted for more than $950 million in revenues (at the wholesale… Read more

    #Africa #Industry #Light industry #Morocco #Pharmaceuticals
    #Guide Morocco 2012
  • Top 10 reasons to invest in Nigeria

    Top 10 reasons to invest in Nigeria

    October 1, 2013

    1 Abundant resources Nigeria has enormous resources, most of which are yet to be fully exploited. Tremendous investment opportunity exists in the solid minerals sector. Mineral resources include coal, tin, iron ore and others. Agricultural products include, among others, groundnuts, palm oil, cocoa and coconut. Nigeria also has a booming leather and textile industry and… Read more

    #Africa #Nigeria #Overview #Top Reasons
    #Guide Nigeria 2012
  • Oceans of fish

    Oceans of fish

    October 1, 2013

    Representing almost two thirds of food exports from Morocco, the fishing sector has traditionally been an economic mainstay. Despite some obstacles, the sector is growing by capturing higher value-added activities. Endowed with a 3,500 kilometer coastline, Morocco is considered a world leader for certain seafoods. Fishing provides the kingdom with jobs, food security and foreign… Read more

    #Africa #Fisheries #Food #Industry #Morocco
    #Guide Morocco 2012
  • Growing agriculture

    Growing agriculture

    September 30, 2013

    Morocco’s agricultural sector has doubled in a decade. Now the country is developing high value added products for export while covering domestic needs. In 2010, the agricultural sector amounted to $8.5 billion or 14% of Morocco’s GDP, according to the Ministry of Agriculture. This is almost twice the contribution of a decade ago. And agriculture… Read more

    #Africa #Agriculture #Food #Industry #Morocco
    #Guide Morocco 2012
  • Phosphates and more

    Phosphates and more

    September 30, 2013

    The Moroccan government recently kick-started the exploration and exploitation of other minerals in order to bring diversity to the country’s mining sector. Although Morocco relies more on its brains than its earthen sub-strata, mining does represent an important component for the economy. In 2010 the mining sector represented 6% of the country’s GDP, about 27%… Read more

    #Africa #Heavy industry #Industry #Mining #Morocco
    #Guide Morocco 2012
  • Building boom

    Building boom

    September 30, 2013

    Morocco’s infrastructure boom is turning investors’ heads. Each new government budget includes more infrastructure projects, attracting bidders from Spain, Turkey, Portugal and elsewhere. Morocco is investing heavily on infrastructure to boost economic development. Cranes are omnipresent. Earth-moving equipment rumbles throughout the kingdom. There are so many road, rail, harbor and industrial infrastructure projects going on… Read more

    #Africa #Construction #Heavy industry #Industry #Infrastructure #Morocco
    #Guide Morocco 2012
  • Moving the goods

    Moving the goods

    September 30, 2013

    Economic growth means more freight traffic. But while Morocco’s shipping and rail sectors are up to the task, its road sector has a way to go before it can meet the country’s growing transport demands. Omar El KadiriCEO, Globex/Fedex Morocco’s freight needs are met primarily by road and sea. The country’s harbors are key to… Read more

    #Africa #Industry #Morocco #Road transport #Transportation
    #Guide Morocco 2012
  • Insurance faces bright prospects

    Insurance faces bright prospects

    September 30, 2013

    Moroccan insurance has plenty of domestic potential, namely because of a new government framework regarding health coverage. The non-life sector leads but the much smaller life insurance sector presents opportunities as well. Despite the global economic downturn, the Moroccan insurance sector is performing well. At the end of 2011, private insurance companies earned $2.8 billion… Read more

    #Africa #Industry #Insurance #Morocco #Services
    #Guide Morocco 2012
  • Casablanca bourse on the rebound

    Casablanca bourse on the rebound

    September 30, 2013

    Casablanca hosts Africa’s second-largest stock market after Johannesburg despite restrictions on the financial instruments it can trade. The bourse’s growth prospects are looking good. The stock exchange in Casablanca was established in 1929. At that time, it was known as the Office de Compensation des Valeurs Mobilières, or the Office for Clearing of Transferable Securities.… Read more

    #Africa #Capital Markets #Finance #Industry #Morocco
    #Guide Morocco 2012
  • Banking for all

    Banking for all

    September 28, 2013

    Much of the growth of the Moroccan banking system is due to increased access to banking services. Banque Centrale Populaire (BCP), Morocco’s second largest bank, explains their success. Rachid AgoumiDirecteur Général,Banque CentralePopulaire Several factors contribute to increased banking penetration. The first is undeniably the densification of the banking network and its extension to remote areas… Read more

    #Africa #Banking Penetration #Morocco
    #Guide Morocco 2012
  • More deals

    More deals

    September 28, 2013

    Corporate finance is still a golden fleece, although things were better two years ago. Mouhssine CherkaouiAdministrateur DirecteurGénéral, UplineCorporate Finance The market for corporate finance and investment banking services in Morocco is relatively young. It started off in the mid-1990s, to accompany privatizations and initial public offerings on the Casablanca Stock Exchange. Things have evolved since,… Read more

    #Africa #Corporate Finance #Finance #Industry #Morocco
    #Guide Morocco 2012
  • Fundamentally sound

    Fundamentally sound

    September 27, 2013

    With more than $26 billion in assets, Morocco’s banking system is well-capitalized and growing fast. The country’s strategy is to become the dominant regional platform, thanks to conservative monetary policies and banking regulations, as well as expansive outbound tactics. Morocco has a healthy interest in its financial sector. The country’s political stability and low risk… Read more

    #Africa #Banking #Finance #Industry #Morocco
    #Guide Morocco 2012
  • Aviation takes off

    Aviation takes off

    September 27, 2013

    Morocco has developed an internationally competitive aerospace platform that is already recognized worldwide. Ten years ago, Morocco focused on the potential of the aeronautics and space industries. Today, aeronautics is a significant engine of growth, with annual growth prospects of 20%. The industrial base includes more than 100 companies, consisting mainly of subsidiaries of multinationals… Read more

    #Aeronautics #Africa #Industry #Morocco #Transportation
    #Guide Morocco 2012
  • Moroccan taxes made easy

    Moroccan taxes made easy

    September 26, 2013

    The Moroccan tax code is quite straightforward. Here are some of the highlights. Direct taxes The Value Added Tax (VAT) in Morocco is set at a standard rate of 20%. There are three reduced rates (7%, 10% and 14%) for specific products or services. Basic food staples, books and publications, certain loans and financial services… Read more

    #Africa #Morocco #Overview #Taxation
    #Guide Morocco 2012
  • No Byzantine complexity

    No Byzantine complexity

    September 26, 2013

    Setting up a company in Morocco is relatively simple and fast. Morocco also differs from its neighbors since it enables foreigners to operate without local partners. Frederic ElbarManaging DirectorMaghreb Consulting The creation of a company in Morocco is easier than in most of the North Africa and Middle East region. Two weeks suffice for the… Read more

    #Africa #Morocco #Overview #Starting a Business
    #Guide Morocco 2012
  • Practical information for visitors to Chile

    Practical information for visitors to Chile

    September 26, 2013

    Official languages Spanish. Most hospitality industry personnel speak some English. Some may speak German or French. Currency Chilean peso (CLP) Exchange rate: $1 = approximately 500 Chilean pesos (as of November 2011) Currency exchange bureaus: 9 a.m. to 6 p.m. (1800) Monday to Friday, 9 a.m. to 2 p.m. (1400) Saturday Foreign currency: Cash or… Read more

    #America #Chile #Practical Information
    #Guide Chile 2012
  • My Invented Country

    My Invented Country

    September 26, 2013

    Isabel Allende is one of Latin America’s foremost writers. In this excerpt from her 2003 memoire My Invented Country: A Nostalgic Journey Through Chile, Allende takes us on an evocative tour of her homeland from north to south. We Chileans still feel our bond with the soil, like the campesinos we once were. Most of… Read more

    #America #Chile #Memoir
    #Guide Chile 2012
  • Window on the Universe

    Window on the Universe

    September 26, 2013

    The transparent skies above the Atacama Desert in northern Chile are among the best in the world for star-gazing. No wonder Chile is home to the most ambitious astronomical projects the world has ever undertaken. Are we alone? One of the places astronomers are hoping to find the answer to mankind’s oldest question is 3,000… Read more

    #America #Astronomy #Chile #Industry #Technology
    #Guide Chile 2012
  • Opening doors for investors

    Opening doors for investors

    September 26, 2013

    The Moroccan Investment Development Agency (AMDI) was completely revamped in 2009 to facilitate foreign investment into Morocco, and to launch outbound marketing using the agency’s seven foreign bureaus. AMDI’s purpose is two-fold. It provides advice and orientation for foreign investors interested in Moroccan opportunities, and promotes Moroccan interests abroad to identify and convince foreign investors… Read more

    #Africa #Investment #Morocco #Overview
    #Guide Morocco 2012
  • Textiles are durable

    Textiles are durable

    September 26, 2013

    After a slump in 2009, the textile sector continues to present significant potential for development. With some state support and a reconfiguration of the international market, manufacturers are preparing for a new offensive. Representing nearly 12% of Moroccan exports and the top industry in terms of jobs, the Moroccan textile sector is an essential activity.… Read more

    #Africa #Industry #Morocco #Textiles
    #Guide Morocco 2012
  • Telecoms is picking up

    Telecoms is picking up

    September 25, 2013

    Market privatization and liberalization have ensured the development of a healthy telecoms market in Morocco. Areas of future development include mobile data flows, further fixed-line penetration and Internet access. Telecommunications is no sneezing matter in Morocco. The sector contributes about 5% of the national GDP. Morocco’s big step in preparing its telecoms industry for competition… Read more

    #Africa #Industry #Morocco #Technology #Telecoms
    #Guide Morocco 2012
  • IT sector gets a helping hand

    IT sector gets a helping hand

    September 25, 2013

    The high potential of the information technology sector has sparked so much interest on the part of government that it conceived the Digital Morocco 2013 strategy to develop the sector. Morocco is working hard to improve its ranking on the world’s connectivity stage and use the IT sector’s dynamism to generate employment and economic growth.… Read more

    #Africa #Industry #Information Technology #Morocco #Technology
    #Guide Morocco 2012
  • Mixing it up

    Mixing it up

    September 25, 2013

    Morocco is the largest energy consumer in North Africa but depends on imports for 93% of its energy needs. Good news therefore that the energy mix is shifting, as the country makes aggressive plans to diversify its energy sources. Like many emerging markets, Morocco is energyhungry. According to the International Energy Agency, from 1999 to… Read more

    #Africa #Electrical power #Energy #Industry #Morocco #Oil & gas #Renewable energy
    #Guide Morocco 2012
  • Rooms for growth

    Rooms for growth

    September 25, 2013

    Chile’s hotel sector is growing quickly, especially in Santiago and the popular central region. Areas outside the center lag but could present significant development opportunities. Chile’s central regions, including the cities of Santiago and Valparaiso, are the favored destinations of 65% of all tourists visiting the country. Not surprisingly, it is also where most of… Read more

    #America #Chile #Hotels #Industry #Services
    #Guide Chile 2012
  • Remote potential

    Remote potential

    September 25, 2013

    Chile wants to take advantage of its remoteness by turning its off-the-beaten track reputation from a disadvantage into an advantage for tourists looking for unique experiences. Separated from the rest of South America by the Atacama Desert, the Andes Mountains and the Antarctic, Chile is practically an island. But it is exactly this remoteness that… Read more

    #America #Chile #Industry #Services #Tourism
    #Guide Chile 2012
  • Search for innovation

    Search for innovation

    September 25, 2013

    In Chile, open television is still the most relevant medium in terms of nationwide penetration, with a potential reach of 98% over the total population. At the same time, it is the medium with the highest share of ad spend in the local industry (48% of the mix). Companies continue to trust TV as the… Read more

    #America #Chile #Industry #Media #Services
    #Guide Chile 2012
  • IT sector growing fast

    IT sector growing fast

    September 25, 2013

    Because of the high growth potential of global services, Chile has made it a priority. As a result, the country is now one on the world’s most attractive destinations for this type of investment. Chile is one of the world’s most attractive destinations for investment in global services, which is one of the world’s most… Read more

    #America #Chile #Industry #Information Technology #Technology
    #Guide Chile 2012
  • Low barriers to high value

    Low barriers to high value

    September 25, 2013

    To improve its attractiveness in the offshoring sector, Morocco has introduced valuable incentives and developed infrastructure to accommodate technology-intensive companies. Foreign investors have started flocking. No, offshoring in Morocco is not a high-speed boat race. It refers to a set of three key activities that European and North American companies are sub-contracting out to specialist… Read more

    #Africa #Finance #Industry #Morocco #Offshoring
    #Guide Morocco 2012
  • Good connections

    Good connections

    September 25, 2013

    When it comes to telecommunications, it’s not by chance that Chile stands out among its Latin American neighbors. Chile’s geographic isolation makes the ability to communicate with the rest of the world essential to its continued economic growth. Chile has one of the most advanced telecommunications infrastructures in South America. IMD’s 2011 World Competitiveness Yearbook… Read more

    #America #Chile #Industry #Technology #Telecoms
    #Guide Chile 2012
  • Construction revival

    Construction revival

    September 25, 2013

    Chile has suffered some devastating blows recently, including the 2009 financial crisis and the 2010 earthquake. Like many sectors of the economy the construction industry is coming back strong. The February 27, 2010, earthquake that struck Chile caused an estimated $20 to $30 billion in damage to the country’s infrastructure, including 400,000 homes that were… Read more

    #America #Chile #Construction #Heavy industry #Industry
    #Guide Chile 2012
  • Retail is ringing

    Retail is ringing

    September 24, 2013

    Chile’s economic stability and the strengthening of its foreign relations have increased the disposable income of its population, which adds up to good news for retailers. Chile has become one of the world’s most attractive countries for retailers. It placed third for retail development in a 2011 study of 30 emerging countries, moving up three… Read more

    #America #Chile #Industry #Retail #Services
    #Guide Chile 2012
  • Real estate boom

    Real estate boom

    September 24, 2013

    Santiago’s office space supply is set to increase massively when the Costanera Center, the country’s flagship real estate project, opens. Latin America’s favorable economic outlook is driving the office real estate markets as well as all other commercial facilities. The region’s total office supply has increased an average of 6% a year over the past… Read more

    #America #Chile #Finance #Industry #Real estate
    #Guide Chile 2012
  • Chile’s insurance sector grows up

    Chile’s insurance sector grows up

    September 24, 2013

    With a prosperous economy and an open market, Chile’s insurance sector expanded powerfully during the last decade. Now as the demand for new insurance products increases, the market is getting more competitive but looks set to keep on growing. Chile has one of the fastest-growing insurance markets in Latin America. The value of total insurance… Read more

    #America #Chile #Industry #Insurance #Services
    #Guide Chile 2012
  • Money flows south

    Money flows south

    September 24, 2013

    Chile is developing a strong financial services sector, based on its political stability, strong savings rate, and low lending rates. The best benchmark for the growth of the Chilean financial sector? As in many countries, it seems to be the sprouting number of skyscrapers that dot Las Condes, the neighborhood of Santiago that hosts many… Read more

    #America #Banking #Chile #Finance #Industry
    #Guide Chile 2012
  • In good company

    In good company

    September 24, 2013

    Chile’s main stock exchange, the Bolsa de Comercio de Santiago, has performed well over the past decade. It relies more on bonds and debt instruments than on a less-active equity market. For trading in stocks, bonds, currencies and other financial instruments, Chilean investors and institutions turn mostly to the Bolsa de Comercio de Santiago (BCS),… Read more

    #America #Capital Markets #Chile #Finance #Industry
    #Guide Chile 2012
  • Food power

    Food power

    September 23, 2013

    The food industry is one of most dynamic sectors of Chile’s economy representing around 24% of its GDP. Chile˙s food exports have grown at an average annual rate of 10% over the past ten years, making it the world’s fastest-growing food exporter. By 2010 exports had risen to more than $11.6 billion compared to $5… Read more

    #Agriculture #America #Chile #Food #Industry
    #Guide Chile 2012
  • Salmon exports leaping back

    Salmon exports leaping back

    September 21, 2013

    Chile’s fish farming industry began with private sector initiatives and despite occasional setbacks the industry is awash with opportunities for entrepreneurs to get involved in the industry’s future. Chilean salmon fisheries are recovering from the outbreak of infectious salmon anemia (ISA) in 2007 which severly damaged one of the country’s leading exports . Salmon production… Read more

    #America #Chile #Fisheries #Food #Industry
    #Guide Chile 2012
  • Creating an environment conducive to entrepreneurs

    Creating an environment conducive to entrepreneurs

    September 21, 2013

    Chile has moved up in World Bank rankings proving it is up to the challenge of creating one the world’s most business-friendly environments. Cristián BastiánKPMG Senior Partner The new report from the World Bank and International Finance Corporation (IFC) shows that economies are still adopting reforms that promote transparency and access to information, improving the… Read more

    #America #Chile #Investment #Overview
    #Guide Chile 2012
  • FDI and M&A activity in Latin America

    FDI and M&A activity in Latin America

    September 21, 2013

    While much of the global economy has experienced a sharp reduction in foreign direct investment and M&A deal-making as a result of the financial crisis, Chile and other Latin American countries are holding their own. Alejandro CerdaHead of AdvisoryKPMG Chile Latin America has shown great resilience in the face of the economic recession and presented… Read more

    #America #Chile #Investment #Overview
    #Guide Chile 2012
  • Export champion

    Export champion

    September 20, 2013

    Wine is one of Chile’s most emblematic exports, recognized worldwide for its quality and variety. With the growing popularity for Chilean wine around the world, the industry aims to grow even more. Wine grapes are not native to the Americas. They arrived in the 1500s with the Spanish missionaries who needed wine to celebrate the… Read more

    #America #Chile #Food #Industry #Wine
    #Guide Chile 2012
  • Cool, clean water

    Cool, clean water

    September 20, 2013

    Chile is the only country in Latin America that has privatized its entire urban water supply and sanitation sector. Chile has one of the best coverage and quality levels in Latin America for water supply and sanitation, especially in the urban areas where 85% of the country’s population lives. In 2010, 99.9% of the population… Read more

    #America #Chile #Industry #Sanitation #Water
    #Guide Chile 2012
  • Potential powerhouse

    Potential powerhouse

    September 18, 2013

    Over the last few years Chile has seen an important increase in the use of thermal energy. Last year for the first time in its history more than 50% of the electricity supply was generated by non-renewable fuels. Chile’s alternate energy resources could change that. Chile is a developing country with important annual growth prospects.… Read more

    #America #Chile #Electrical power #Energy #Industry #Oil & gas #Renewable energy
    #Guide Chile 2012
  • Underground wealth

    Underground wealth

    September 14, 2013

    The Chilean government strongly supports foreign investment in the mining sector and has modified its mining industry laws and regulations to create a favorable investing environment for foreigners. What company is the money-earning star of the Chilean economy? Escondida, a private mining company that operates the highest-producing copper mine in the world. In 2010, its… Read more

    #America #Chile #Heavy industry #Industry #Mining
    #Guide Chile 2012
  • Transfer pricing reform

    Transfer pricing reform

    September 14, 2013

    Chile has created a new specialized unit to conduct transfer pricing audits as part of a heightened focus on tax-evasion. Juan Pablo GuerreroTax DirectorKPMG in Chile During the second quarter of 2010, the Chilean government announced an anti-tax evasion plan that seeks to collect $1.3 billion over four years from increasing tax audits, basically on… Read more

    #America #Chile #Overview #Taxation
    #Guide Chile 2012
  • Investor-friendly taxation

    Investor-friendly taxation

    September 14, 2013

    Compared to other South American countries, Chile has an clever and simple tax system that is investor-friendly. At just 20%, Chile has one of the lowest and most user-friendly corporate tax rates in Latin America. And Chile’s tax structure recognizes several benefits and advantages for foreign investors. The Chilean corporate tax rate has been increased… Read more

    #America #Chile #Overview #Taxation
    #Guide Chile 2012
  • Fewer rules for business creation

    Fewer rules for business creation

    September 14, 2013

    Already one of the most business–friendly countries in Latin America, Chile is moving forward on making business creation simpler and more affordable for foreign investors. The process for setting up a business in Chile is becoming one of the simplest in Latin America. This is particularly true since the passage of a law (number 20.494)… Read more

    #America #Chile #Overview #Starting a Business
    #Guide Chile 2012
  • Keeping up momentum

    Keeping up momentum

    September 13, 2013

    Chile has spectacularly transformed itself over the past decades. In spite of this progress, there is scope for further positive change. Once a relatively poor country, Chile has become prosperous through macroeconomic policy, structural reforms, trade and investment and regulation. A rich endowment of copper and other mineral reserves has been used cautiously to foster… Read more

    #America #Chile #Economy #Overview
    #Guide Chile 2012
  • Chile among top FDI recipients

    Chile among top FDI recipients

    September 13, 2013

    A strong economy, attractive business climate and skilled workforce are some of the reasons Chile is a highly attractive destination for international businesses and foreign direct investment. Foreign direct investment (FDI) has played a decisive role in Chile’s economic growth and development. Maintaining its upward trend, it has helped to increase Chile’s competitiveness, not only… Read more

    #America #Chile #Investment #Overview
    #Guide Chile 2012
  • Attracting industry

    Attracting industry

    September 13, 2013

    InvestChile aims to attract high-impact investment in order to grow the Chilean economy and diversify its production and export base. Juan Antonio Figueroa,Head of Investment Promotion DivisionInvestChilejafigueroa@corfo.cl In 2009, when the US agricultural company Pioneer wanted a new center in Latin America to develop corn seed hybrids for its customers worldwide, it chose Chile for… Read more

    #America #Chile #Investment #Overview
    #Guide Chile 2012
  • What should you be importing from Chile?

    What should you be importing from Chile?

    September 13, 2013

    Chilean products and services are highly sought after worldwide. ProChile can help foreign buyers link up with Chile’s top exporters. Wine, copper, salmon. Chile is an exporting powerhouse. In 2010, Chilean exports stood at over $71 billion and China, the European Union and the United States were Chile’s leading trading partners with 80 percent of… Read more

    #America #Chile #Export #Industry
    #Guide Chile 2012
  • Chile: Latin American leader

    Chile: Latin American leader

    September 13, 2013

    Chile has a market-oriented economy characterized by a high level of foreign trade and a reputation for strong financial institutions and sound policy that have given it the strongest sovereign bond rating in South America. Exports account for more than one-fourth of GDP, with commodities making up some three-quarters of total exports. Copper alone provides… Read more

    #America #Chile #Country overview #Overview
    #Guide Chile 2012
  • Practical information for visitors to Nigeria

    Practical information for visitors to Nigeria

    September 10, 2013

    Official languages English. However English is not spoken in some rural areas where indigenous languages such as Yoruba and Igbo are spoken by the majority. These are complemented by over 500 additional indigenous languages. Nigerian Pidgin English is also a popular lingua-franca in the country. Climate Temperatures are relatively high with a very narrow variation… Read more

    #Africa #Nigeria #Practical Information
    #Guide Nigeria 2012
  • What Nigeria means to me

    What Nigeria means to me

    September 10, 2013

    In this excerpt from his book Education of a British-Protected Child, Albert Chinualumogu Achebe, popularly known as Chinua Achebe, looks back on his troubled relationship with his country. Born 16 November 1930, Chinua Achebe is a Nigerian novelist, poet, professor and critic. He is best known for his first novel and magnum opus Things Fall… Read more

    #Africa #Memoir #Nigeria
    #Guide Nigeria 2012
  • Better ratings

    Better ratings

    September 10, 2013

    In October 2011 Fitch Ratings revised Nigeria’s outlook from negative to stable. Nigeria’s improved outlook reflects an improved outlook for reforms following elections in April and the appointment of a strong economic team. In addition, tighter monetary policy and slightly better fiscal discipline have arrested the rapid pace of reserves decline seen in the first… Read more

    #Africa #Country Risk #Nigeria
    #Guide Nigeria 2012
  • Ready to grow

    Ready to grow

    September 10, 2013

    With incentives from the government, Nigeria’s vast potential for tourism is set to bloom. The tourism industry is one of the Nigerian government’s main targets for development as it plans to diversify the economy away from its dependence on crude oil production and export. Nigeria’s tourism potential is vast. It is endowed with scenic geographical… Read more

    #Africa #Industry #Nigeria #Services #Tourism
    #Guide Nigeria 2012
  • Hotel industry on the move

    Hotel industry on the move

    September 10, 2013

    This is no time for the hotel industry to take a vacation. The Nigerian government is promoting hotel growth with a hefty new round of incentives to investors. Nigeria saw a remarkable growth in international tourist arrivals of more than 8% in the first quarter of 2011. Abuja, the capital city, and Lagos, the commercial… Read more

    #Africa #Hotels #Industry #Nigeria #Services
    #Guide Nigeria 2012
  • Fresh opportunities

    Fresh opportunities

    September 10, 2013

    Nigeria’s ambassador to France, H.E. Gordon Bristol, discusses the improved relationship between France and Nigeria as well as the investment opportunities for French multinationals in English-speaking Nigeria. Question: What are three reasons you would give for investors of any nationality to go to Nigeria? Ambassador Bristol: First, Nigeria is a very large market. There are… Read more

    #Africa #Nigeria #Perspective
    #Guide Nigeria 2012
  • Post-reform picture

    Post-reform picture

    September 7, 2013

    Snapshots of Nigeria’s leading banks in order of revenues posted through third quarter 2011. FirstBank of Nigeria – Founded in 1894 and listed on the Nigerian stock exchange in 1971, FirstBank is Nigeria’s oldest bank and largest by 2011 revenues. It provides commercial banking services, including merchant and investment banking, fund management, registrars, advisory services… Read more

    #Africa #Banking #Finance #Industry #Nigeria
    #Guide Nigeria 2012
  • Good drives out bad

    Good drives out bad

    September 7, 2013

    Nigerian regulators responded to impact of the global economic crisis with reforms that have strengthened the country’s banking system. In 2009, Nigeria’s banking sector was on the verge of collapse as the aftershocks of the global financial crisis washed onto the country’s shores. When the capital market bubble burst, the balance sheet of Nigeria’s banks… Read more

    #Africa #Banking #Finance #Industry #Nigeria
    #Guide Nigeria 2012
  • A variety of voices

    A variety of voices

    September 7, 2013

    Nigeria is home to a vast array of media voices, which are deployed by advertisers, depending on their audience-specific needs. The media in Nigeria reflects the very apparent diversity of its population, very much like many other segments of its society. With over 250 different, and frequently competing ethnic groups, and a size nearly twice… Read more

    #Africa #Industry #Media #Nigeria #Services
    #Guide Nigeria 2012
  • Good times ahead

    Good times ahead

    September 7, 2013

    Nigeria’s alcoholic beverage industry is set to grow as the economy improves. Brewing is considered one of the fastest growing industries in Nigeria and beer is the most popular of all alcoholic beverages consumed, accounting for approximately 92% of all alcoholic drinks sold in 2010. Beer consumption has continued to increase due to brand loyalty,… Read more

    #Africa #Beverages #Food #Industry #Nigeria
    #Guide Nigeria 2012
  • Shopping finds its stride

    Shopping finds its stride

    September 7, 2013

    “Nigerian consumers fall broadly into two categories,” explains Dr. Uchenna Uzo, marketing lecturer at Lagos Business School. “Price-sensitive customers represent approximately 70% of the population, while quality-sensitive are about 30%. Why? About 71.5% of the population lives below the poverty line, and cost tends to be their primary concern.” Richer, more quality-sensitive consumers tend to… Read more

    #Africa #Consumer Behavior #Nigeria
    #Guide Nigeria 2012
  • Insurance opens up

    Insurance opens up

    September 7, 2013

    After a drastic clean-up in 2005, Nigerian insurance companies are poised to cash in on the country’s untapped insurance market potential. Foreign assistance welcome. There could not be a better time for foreign investors to come into the Nigerian insurance market than now. For the first time in the history of the sector, operators are… Read more

    #Africa #Industry #Insurance #Nigeria #Services
    #Guide Nigeria 2012
  • Solid investments

    Solid investments

    September 7, 2013

    Well-informed real estate investors can reap handsome profits from a good deal. Returns of 20%-30% are not uncommon. The Nigerian real estate sector is an emerging market with an estimated value of about $5 billion. It is a continually growing market with an estimated growth rate of 10% to 15% per annum. Through its housing… Read more

    #Africa #Finance #Industry #Nigeria #Real estate
    #Guide Nigeria 2012
  • Exceptional ICT growth

    Exceptional ICT growth

    September 7, 2013

    Nigeria’s Information and Communications Technology (ICT) sector looks destined for even more exceptional growth despite some challenges. Today Nigeria’s ICT sector is the fastest and most robust sector of the country’s economy, contributing more than the manufacturing, banking and solid minerals sectors combined. But it wasn’t always this way. The first telegraphic submarine cable was… Read more

    #Africa #Industry #Information Technology #Nigeria #Telecoms
    #Guide Nigeria 2012
  • Rolling along

    Rolling along

    September 7, 2013

    Relying on a greater dose of private sector involvement (and investment), Nigeria is taking a multi-modal approach to its transport needs. Road, rail, water and air are all part of the solution. Road congestion, long delays to unload container ships, lack of public interest in rail transport, long urban commutes – the list of headaches… Read more

    #Africa #Infrastructure #Nigeria
    #Guide Nigeria 2012
  • Transfer pricing hits Nigeria

    Transfer pricing hits Nigeria

    September 7, 2013

    New government tax regulations regarding transfer pricing are to be introduced in 2012, with implications for many companies – both multinationals and others. Ken Igbokwe,Country Head As the Nigerian economy diversifies away from its traditional oil & gas mainstay, tax authorities are awakening to the need for proper transfer pricing (TP) regulations. The increasing scale… Read more

    #Africa #Nigeria #Overview #Taxation
    #Guide Nigeria 2012
  • Wanna buy a used power plant?

    Wanna buy a used power plant?

    September 7, 2013

    By the end of 2012, the Nigerian government will have sold off 18 power assets to private investors. PwC experts explain the privatization process. Uyi Akpata, Head ofEnergy & Utilities Initiated in 2001, the power reforms in Nigeria included the dissolution of old structures, their replacement with new administrations and regulatory bodies, and the creation… Read more

    #Africa #Electrical power #Energy #Industry #Nigeria
    #Guide Nigeria 2012
  • Addressing agriculture

    Addressing agriculture

    September 7, 2013

    The Nigerian government is waking up to the fact that agriculture can play a key role in lessening the country’s dependence on oil, reduce food imports and feed its people. Despite its huge population and vast arable land, Nigeria agriculture capacity has dwindled in recent years. The country spends trillions of Naira annually on food… Read more

    #Africa #Agriculture #Food #Industry #Nigeria
    #Guide Nigeria 2012
  • Mining attracts renewed attention

    Mining attracts renewed attention

    September 7, 2013

    Nigeria is far richer in other minerals than the petroleum endowment for which it is best known. Nigeria has more than 34 solid minerals, including coal, bitumen and tars, gold, iron ore and barite in vast (and mostly untapped) deposits in over 450 locations nationwide that can be mined commercially. Nigeria’s solid minerals cover about… Read more

    #Africa #Heavy industry #Industry #Mining #Nigeria
    #Guide Nigeria 2012
  • Power to the people

    Power to the people

    September 6, 2013

    After decades of neglect, Nigerian electricity generation is being addressed. A reform program involving government regulation and partial privatization of electricity generation, transmission and distribution, aims to fill the gap between power supply and demand. Current energy supply Nigeria relies on two principal sources for its energy production: hydro-electric power and thermal plants (gas-fired). Large… Read more

    #Africa #Electrical power #Energy #Industry #Nigeria
    #Guide Nigeria 2012
  • Driving investment

    Driving investment

    September 6, 2013

    One of the benefits of the ongoing reforms in Nigeria’s oil and gas industry, especially the downstream sector, is to make it attractive to foreign investors. Already numerous local operators are entering Nigeria because of the turnaround on investment and easy access to funding from Nigerian banks to run their operations. Indeed, the downstream sector… Read more

    #Africa #Energy #Industry #Nigeria #Oil & gas
    #Guide Nigeria 2012
  • Africa’s biggest oil producer

    Africa’s biggest oil producer

    September 6, 2013

    Nigeria relies heavily on its oil revenues to the detriment of its other abundant resources. Petroleum is Nigeria’s largest industry and main generator of income. The government, however, is trying to reduce the country’s dependence on petroleum. In 2000, for example, oil accounted for 98% of export earnings and 40% of GDP while today it… Read more

    #Africa #Energy #Industry #Nigeria #Oil & gas
    #Guide Nigeria 2012
  • The role of taxation

    The role of taxation

    September 6, 2013

    Government should not be fixated on introducing new taxes and increasing tax rates on the already over-burdened businesses and taxpayers rather than helping them grow and thereby increasing the tax base and tax revenue. Taiwo OyedelePartner Tax and CorporateAdvisory Services UnitPwC Nigeria The World Economic Forum in its 2011-2012 global competitiveness report ranked Nigeria 127… Read more

    #Africa #Nigeria #Overview #Taxation
    #Guide Nigeria 2012
  • Complex but worth it

    Complex but worth it

    September 6, 2013

    Setting up a business in Nigeria can be complicated. But the prospect of good returns on investment can make it worthwhile. Compared to many countries setting up a new business in Nigeria is a challenge. Globally, Nigeria stands at 116 in the ranking of 183 economies on the ease of starting a business, according to… Read more

    #Africa #Nigeria #Overview #Starting a Business
    #Guide Nigeria 2012
  • High potential

    High potential

    September 6, 2013

    Nigeria has taken steps to tap into its enormous economic potential, but challenges remain. The Nigerian government’s current economic policies are focused on addressing key infrastructural shortcomings as a crucial element in setting the stage for longer-term stable growth in an effort to break the past 30 years of uncontrolled boomand- bust cycles. In recent… Read more

    #Africa #Economy #Nigeria #Overview
    #Guide Nigeria 2012
  • Seeking a balance

    Seeking a balance

    September 6, 2013

    Petroleum exports are the main factor behind Nigeria’s growth and accounted for 88% of total exports in 2010. Nigeria has an enormous amount of non-oil resources, but most of these are yet to be fully tapped. The value of Nigeria’s total exports (oil and nonoil) increased from slightly more than $24 billion in 2003 to… Read more

    #Africa #Export #Industry #Nigeria
    #Guide Nigeria 2012
  • Nigeria’s new dawn

    Nigeria’s new dawn

    September 6, 2013

    Nigeria already receives the largest amount of foreign direct investment (FDI) in Africa but a series of reforms is making the country even more attractive to outside investment. Foreign direct investment inflows to Nigeria have grown from $1.14 billion in 2001 to $8.6 billion in 2009, according to the World Bank. Although FDI declined to… Read more

    #Africa #Investment #Nigeria #Overview
  • Nigeria: Strong fundamentals

    Nigeria: Strong fundamentals

    September 5, 2013

    Nigeria is a federal constitutional republic with 36 states which are sub-divided into 774 Local Government Areas (LGAs), and the Federal Capital Territory, Abuja. With a population of more than 155 million, Nigeria is the most populous country in Africa and the eighth most populous country in the world. Nigeria has six cities with a… Read more

    #Africa #Country overview #Nigeria #Overview
    #Guide Nigeria 2012
  • Re-structured for growth

    Re-structured for growth

    August 26, 2013

    Morocco continues its upward trend. This year will see challenges from ongoing efforts in the energy and extractive sectors, but the reforms that King Mohamed VI initiated after he came to the throne in 1999 are taking hold. The basics of the Moroccan economy remain stable in spite of the crisis and the country displays… Read more

    #Africa #Economy #Morocco #Overview
    #Guide Morocco 2012
  • Enlightened monarchy

    Enlightened monarchy

    August 19, 2013

    The Kingdom of Morocco is the westernmost country in North Africa. With a population of about 32 million inhabitants and an area of 710,850 square kilometers, Morocco is part of the Maghreb region, which also includes Tunisia, Algeria, Mauritania, and Libya, with which it shares cultural, historical and linguistic ties. Morocco is a constitutional monarchy… Read more

    #Africa #Government #Morocco #Overview
    #Guide Morocco 2012
  • Top 7 reasons to invest in Morocco

    Top 7 reasons to invest in Morocco

    August 19, 2013

    1 Stable political environment Morocco is the safest and most stable country in the Middle East and North Africa region for investors. Morocco is a democratic and social constitutional monarchy. Since coming to the throne in 1999, King Mohamed VI has pursued many democratic reforms. The King appoints the prime minister who then appoints a… Read more

    #Africa #Morocco #Overview #Top Reasons
    #Guide Morocco 2012
  • Road to riches

    Road to riches

    August 19, 2013

    Morocco believes that a strong automotive manufacturing base can bring employment and export currencies. Fiat and Renault share that vision and is it now becoming a reality. Until recently, Morocco was like most emerging markets when it came to cars – they were mostly imported. For the kingdom, the first step towards car manufacturing came… Read more

    #Africa #Automotive #Industry #Morocco #Transportation
    #Guide Morocco 2012

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