Doing Business In

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  • 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 #Morocco #Services #Tourism
    #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 #Light industry #Morocco #Pharmaceuticals
    #Guide Morocco 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 #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 #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 #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 #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 #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 #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 #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 #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 #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 #Morocco #Transportation
    #Guide Morocco 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 #Technology
    #Guide Chile 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 #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 #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 #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 #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 #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 #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 #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 #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 #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 #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
    #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 #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 #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 #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
    #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
    #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
    #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
    #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 #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 #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 #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 #Mining
    #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
    #Guide Chile 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 #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 #Nigeria #Services
    #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 #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 #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 #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 #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 #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 #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 #Information Technology #Nigeria #Telecoms
    #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 #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 #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 #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 #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 #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 #Nigeria #Oil & gas
    #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 #Nigeria
    #Guide Nigeria 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 #Morocco #Transportation
    #Guide Morocco 2012