Economic Updates

Act gives domestic boost to Nigeria’s oil services sector

Nigeria | 9 Jul 2014
Act gives domestic boost to Nigeria’s oil services sector

Four years after Nigeria passed the Nigerian Content executive act (NCA) in April 2010, new government figures seem to indicate that it has helped stimulate a jump in activity by domestic firms in the country’s hydrocarbons sector.

Turkey likely to gain from ECB rate cuts

Turkey | 9 Jul 2014
Turkey likely to gain from ECB rate cuts

The recent move by the European Central Bank (ECB) to loosen monetary policy, which included cutting the deposit interest rate to a landmark -0.1%, looks set to provide a welcome boost to both Turkey’s money markets and its broader economy.

Kenya devolution still evolving

Kenya | 9 Jul 2014
Kenya devolution still evolving

Devolution in Kenya is still in its early stages, and there have been growing pains with complications relating to funding and concerns over governance, but a spate of new initiatives is looking to increase momentum at the county level on both industrial and social development indicators.

Malaysia’s tourism sector aims to blow past headwinds

Malaysia | 7 Jul 2014
Malaysia’s tourism sector aims to blow past headwinds

A strong showing by Malaysia’s tourism industry in the first three months of the year may be offset by an expected drop-off in arrivals from China. But officials and travel bodies remain confident that any cooling in sentiment from the mainland will ease by the latter part of the year, giving the sector a lift in the final quarter.

Renforcement du parc automobile pour faciliter les déplacements urbains au Gabon

Gabon | 7 Jul 2014
Renforcement du parc automobile pour faciliter les déplacements urbains au Gabon

Il y a tout lieu de se réjouir de la récente arrivée d’un nouveau parc d’autobus à Libreville, capitale du Gabon, qui devrait permettre de fluidifier la circulation en désencombrant les artères principales de la ville. Afin d’en optimiser l’efficacité, les autorités gabonaises des transports planchent actuellement sur un projet d’élargissement des rues et d’instauration de voies réservées aux bus sur les routes principales.

Seeking balance in Indonesian tourism

Indonesia | 4 Jul 2014
Seeking balance in Indonesian tourism

Concerns that one of Indonesia’s best-known tourism destinations, the tropical island of Bali, is being overrun by foreign holidaymakers and that its very popularity is putting at risk the natural attractions that draw so many visitors have prompted renewed calls to broaden the base of the country’s tourism industry, with greater emphasis put on developing new and sustainable resorts.

South Africa's nuclear energy plan at a crossroads

South Africa | 3 Jul 2014
South Africa's nuclear energy plan at a crossroads

President Jacob Zuma has announced a shake-up of the South African energy sector after signalling the government will push ahead with both nuclear energy generation and shale gas exploration, although revised electricity demand projections suggest consumption will nonetheless be slower than expected in the years until 2025.