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NCC plans further development of Nigeria’s tech ecosystem

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 Insights

03-Jul-19 The Nigerian Communications Commission is ready to develop the technology ecosystem in the country further, ensuring the improvement of local content in line with its commitment to promoting ICT innovation and investment opportunities, and facilitating strategic collaboration and partnership. [image: Mobile World]

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East and South Asia buoyant as other regions play catch-up

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 Insights

Jul-19 Stalled growth in emerging market economies is projected to pick up from a four-year low of 4.0 percent in 2019 to 4.6 percent in 2020-21, reflecting the waning impact of financial pressures in some large markets. Growth in all emerging regions has been weaker than expected but activity in East and South Asia remains buoyant. Other regions are expected to recover in 2020-21. Growth in both Latam and MENA is expected to be a subdued 1.7% in 2019, but MENA countries show more promise thanks to oil exports, policy reforms and tourism. [image: World Bank]

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Harsh operating environment hobbles Nigeria’s manufacturing sector

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 Insights

03-Jun-19 Despite its potential, many local and foreign investors interested in Nigeria's manufacturing businesses - like electronics, chemicals, vehicles, wood and food - are restricted from coming into the industry by stringent regulations, excessive capital requirements and unskilled labor. [image: The Sun]

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Massive market for cross-border P2P payment

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 Insights

08-Jan-19 The market for cross-border person-to-person remittances was worth USD689 bn in 2018, more than Saudi Arabia's GDP. It is experiencing double-digit growth as people migrate in search of economic opportunities or to escape political upheaval in their home country. [image: The World Bank / PaymentsSource]

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India and Egypt rare bright spots amid stalled growth in emerging markets

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 Insights

Jan-19 The recovery in emerging market and developing economies has stalled. India is a bright spot where strengthening investment and robust consumption will drive 7.3 percent GDP growth. East Asia remains a fast-growing region but growth will moderate to 6 percent in 2019 as global demand slows and financial conditions tighten. Brazil is forecast to lead Latin America with 2.2 percent growth. And in MENA, while GCC oil exporters accelerate to 2.6 percent growth they will be outstripped by Egypt at 5.6 percent thanks to reforms. [image: World Bank]

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