African Countries In Perspective: Gambia
The Gambia is one of the African countries that are largely dependent on the importation of petroleum to meet its commercial energy needs especially for power generation which relies solely on the importation of Heavy Fuel Oils (HFOs). Oil revenue has the potential to significantly change the economic situation of Gambia and it belongs to […]
African Countries In Perspective: Niger Republic
Niger has by far been the African country to look out for in terms of growth in the oil and gas sector. In April 2018, Savannah Petroleum – a British independent oil and gas company focused on oil and gas activities in Niger, has recorded five consecutive commercially viable oil discoveries in the Southeast of […]
FDI Inflow Dips As FDI Outflow Rise In Africa
Despite the strong increase that characterized foreign direct investment in Africa, the early 2000s, 2016, and 2017 saw a downfall in the level of foreign direct investment in Africa. FDI inflow into Africa declined by 21 percent from its 2016 level to $42 billion in 2017. North Africa received the largest share of the FDI […]
Greenfield FDI Declines In Africa
Greenfield investment declined in Africa by 9.6 percent from $94 billion in 2016 to $84 billion in 2017. According to Investopedia, greenfield investment is a type of foreign direct investment (FDI) where a parent company builds its operations in a foreign country from the ground up. According to WIR, the services sector keeps dominating although […]
Africa’s Investment Relationship With Developed And Transition Economies Soars
In terms of the sources of FDI to AFRICA, developed economies account for the largest share of a chunk of FDI to Africa followed by transition economies and developing economies. This was quite a change from the 2016 Africa’s FDI source composition. The flow of FDI from the European Union and Italy increased significantly. The […]
Portfolio Investment Dominates Volatile Capital Inflow In Nigeria
According to the monthly capital flow statistics by the Central bank of Nigeria, Foreign portfolio investment-equity is the dominant source of capital inflow in Nigeria. While capital inflow generally declined from 2015, not until May of 2017 did capital inflow start increasing in Nigeria, with portfolio investment- equity reached $801 million in August 2017 and […]
The United States Of America Overtakes The United Kingdom As The Dominant Source Of Capital Inflow In Nigeria
According to the capital importation report from the Nigerian Bureau of Statistics, three countries that have consistently accounted for over 60 percent of capital importation in Nigeria are The United States of America, The United Kingdom, and The United Arab Emirates. Although in the third quarter of 2018, the United States of America overtook the […]
Capital Inflow To The Oil And Gas Remains Volatile As Shares Dominate
Capital inflow to the Oil and Gas industry remains highly volatile on a monthly basis, statistics from the Central Bank of Nigeria showed that capital flows into this sector from $173 million in July 2018 to $1.2 million in August 2018 and then increased to $5 million in September 2018. However, on a sectoral basis, […]
The United Kingdom’s Strategic Move in South Africa
The UK’s strategic move in South Africa is a different ball game altogether. The Global Future Cities project which is an £80 million program gives out opportunities to promote inclusive urban economic growth and increase global prosperity by working around the three underpinning themes of Transport, Resilience, Urban Planning. The project in South Africa took […]