Something I often hear when talking to clients and members of my staff is the growing interest in information for Africa.

2 - 8 July 2016

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From the CEO OF EMIS

Something I often hear when talking to clients and members of my staff is the growing interest in information for Africa. This is understandable given the region’s size and undeniable potential for growth. But we should be careful not to homogenise a continent comprising of 54 nations that have as many differences as similarities.

Take two of the continent’s largest economies, South Africa and Egypt.

Once the “S” in BRICS, South Africa’s status has been relegated from emerging market powerhouse to chronic underperformer.
The country has suffered from China’s slowdown and weak commodity prices but also from a failure to implement reforms that might support growth. Last week, the IMF downgraded its growth forecast for South Africa to just 0.1% for 2016. Conversely, Egypt is experiencing something of an economic recovery with growth expected of around 4% this year. This is largely due to the Egyptian government’s willingness to implement economic reform and invest in infrastructure. Such growth is all the more commendable when you consider the degree to which the country’s tourism sector has been crushed by fear of terrorism.

Such divergent economic trajectories are apparent throughout Africa. Countries blessed with an abundance of natural resources are undermined by corruption and political incompetence. Others show more encouraging signs with greater access to investment and improved health and education policies. As always, the fortunes of emerging markets in Africa depend hugely on the good intentions of those who govern them.



Guy Dunn
Chief Executive Officer


Here are a few articles I came across on the EMIS service that show the different circumstances faced by policy makers across Africa:

TANZANIA FORESEES GROWTH IN ECONOMY IN 2017

The Tanzanian economy, East Africa's second-biggest, grew 7 per cent last year and for 2017 expects to grow 7.4%.


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KENYANS ARE LESS PRODUCTIVE THAN THEIR COUNTERPARTS, WORLD BANK SAYS

According to a World Bank report, Kenyan workers are less productive than their counterparts, with an average output at $3,400 in 2014.


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NIGERIA WELCOME TO INTERNATIONAL ASSISTANCE TO DIVERSIFY ECONOMY

President Buhari said the Federal Government would create the enabling environment for local and foreign investments.


Read more  



Infographic of the week


Retailing is a fast growing sector in the Philippines. A confluence of favourable factors contribute to this, including a young population (median age of 23.4 years as of the 2010 census), rising incomes, and an increase in the consumer credit industry, which has been bringing additional consumers into the formal retail sector.



Click to view it full screen

EMIS Insights and reports

Here are two of our own exclusive industry insights from EMIS' team of highly experienced, locally-based analysts. EMIS Insights deliver the most relevant industry news, data and research from over 25 sectors in 21 countries.


ARGENTINA CONSTRUCTION: A CHANGE IS GONNA COME

Тhe main factors that will define the performance of the construction sector are the execution of the liberalisation policies of the newly elected government, led by Mauricio Macri, combined with strong government spending on infrastructure projects and social infrastructure.

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POLAND RETAIL: BAG A BARGAIN

Poles have turned to discount stores; super- and hypermarkets (even those focused on premium quality goods) have reacted by trying to imitate discount chains' pricing patterns - the reason is the latter’s popularity: more than two-third of Poles already go to discount shops.

Read more

Weekly News summary

Below are the most read articles in the past week on EMIS Perspectives, our daily blog of emerging market news and insights.

INDIAN SONA TO OPEN EUR 13MN PLANT IN HUNGARY

Indian car parts manufacturer Sona will build a 4.2 billion forint (EUR 13.2 million) plant in Hungary, Intraday News reported.




Read more…
REFORMS NOW CUSHIONING SEA FROM EXTERNAL SHOCKS – IMF

A cluster report by the International Monetary Fund (IMF) covering Southeast Asian central banks stated that reforms are now cushioning nations.


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INDIA’S STEEL AND CEMENT SECTORS SEE GROWTH WITH GOVT’S INFRA PROJECTS

With the Indian government’s target to construct 15,000 km of national highways for Fiscal 2016-17 and other planned infrastructure projects.


Read more…
MEXICO’S CENTRAL BANK TO HOLD POLICY RATE UNTIL DECEMBER

Mexico’s Central Bank will hold its policy rate until December, when it will raise it by 25 basis points, according to a consensus forecast reached by experts.




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ARGENTINA’S GOVT TO INVEST $14BN IN RAILWAY PROJECTS

Argentina’s government will reportedly invest $14 billion under a six-year railway transport modernisation and expansion programme.




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JAPANESE COMAPNIES SET TO INVEST UP TO $9BN IN ARGENTINA

Japanese companies are set to invest between $6 billion and $9 billion in Argentina over the next three years in sectors ranging from mining and energy to agriculture.



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POLAND’S CONTRIBUTIONS TO EU TO GO UP BY EUR 500 MN – MEDIA

Poland’s contributions to the budget of the European Union would increase by EUR 500 million due to the UK’s withdrawal from the block.



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RUSSIA WITHDRAWS RESTRICTIONS ON TURKEY

Russia’s President Vladimir Putin has signed a ruling to cancel restrictions against Turkey, newswire Prime reported citing the Kremlin's press service.



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ING BANK TO BID FOR POLISH ASSETS OF RAIFFEISEN – SOURCES

Polish commercial bank ING Bank Slaski, majority owned by Dutch financial group ING, has shown interest to buy the Polish business of Austrian Raiffeisen Bank International.



Read more…
SAUDI ARAMCO GIVES UP INVESTMENT IN VIETNAM REFINERY, PTT SAYS

Saudi oil giant Saudi Aramco has given up plans to invest in a refinery in Vietnam, BBJ - Energy Today reported on Tuesday citing Thai oil company PTT.



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IRAN SAYS MULLS BUILDING PETRO-CHEMICAL PLANT IN BULGARIA

Iranian companies are considering building a petrochemicals plant in Bulgaria and Iran want to export oil and gas to the Black Sea country.




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SAUDI ARABIA SAYS EAGER TO BOOST ENERGY INVESTMENTS IN CHINA

Saudi Arabia, the world’s top oil exporter, wants to boost its investments in the energy sector in China, Al Bawaba reported citing Energy Minister Khalid al-Falih.




Read more…

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