I am sorry,i had a biased idea about Morocco,i thought the country was suffering from much more poverty.
Which countries will emerge as the "African Lion" Economies
201 - 220 of 345 Posts
I am sorry,i had a biased idea about Morocco,i thought the country was suffering from much more poverty.
You are using per capital income to judge an economy,I don't think that is good idea all byitself .Most countrie in Africa are helping out with development in Africa too. SA, Nigeria, Egypt,Morocco,etc and they are exchanging technical know-how between these countries.
Tunisia has a good infrastructure and it's developping it every year,i think the country could become a bridge between europe and Africa,an accelerator of develoopement and transfer of technology to the other countries.
They are already doing it,building routes and helping african farmers.This is why i iadded Tunisia even if it has a small GDP compared to Nigeria.Nigeria's economy is only relying on oil and the GDP per capita is only 2.500 $ (7.900 $ in Tunisia ).
I am maybe mistaken for South Arica,but the country is stable,democratic (one of the main defaults of Tunisia ) and has also a good infrastrcuture and educational system.
I don't agree with you. Nigeria is doing more for Africa then Tunisia, Nigerian banks, telecom, companies invest a lot in other African countries..
I haven't seen Tunisian companies doing this..
Morocco is the second African investor in Africa. Morocco has a lot of investment in other African countries like Senegal, Mauretania, Benin, Gabon, Congo, Equator Guinea, Ivory Coast etc in the field of telecom, banking, infrastructure etc.
And also thousands of sub-Sahara students study in Morocco...
Shield, The African countries who invest a lot in other African countries and bring know how are: South Africa, Nigeria, Morocco, Libya and Kenya..
Tunisia and Egypt aren't investing much in Africa.
Quote:
RAM, ONA, Ynna Holding, BMCE Bank… Several great Moroccan groups are established themself more and more in sub-Sahara Africa.
Othmane Benjelloun of BMCE bank has just got 35% of the capital of one of the most important banks of the African continent African Financial Holding. The Moroccan presence on the continent is grwoing like the ONA, Maroc Telecom, the RAM, Attijariwafa Bank, BMCE Bank or Ynna Holding understood that it was necessary to turn to sub-Saharan Africa. Since years already, several Moroccan investors discovered Africa as a market potential in which they launched several projects. All began in 2000 at the time Mohammed VI in Africa. “On invitation of the royal Cabinet, of large investors are solicited to accompany the king in his attempt to return to Africa”, Maroc Telecom acquires 54% of the shares of Mauritel (Mauretania), the RAM takes in its turn 51% of the capital of Air Senegal, the sea link Casa - Dakar created by Comanav goes until Libreville since the 2nd six-month period 2006, Attijariwafa bank opens a sénégalaise subsidiary company as of January 2006. “the kingdom of Morocco and its policy towards sub-Saharan Africa”, carried out by the French Institute of the International relations (IFRI) in November 2003. Chaâbi pioneer One of the first Moroccan contractors to have tried the African adventure is not other than Miloud Chaâbi. Is in Ivory Coast , The Chaâbi group started with the installation in Abidjan of a factory of pipes PVC, which employs a thousand of people. the group will extend to other African countries like Gabon, the Equatorial Guinea and Mali. In Gabon, Ynna Holding ambitionne to develop a property development accompanied by the installation of zones of leisures, tourist and residential high level as well as the creation of integrated shopping malls. In Guinea Equatoriale, the installation of production units of construction materials, conduits for the cleansing and drinking water are in the pipe. The Chaâbi group also hopes to launch out in real estate completion of projects, of shopping malls and hotel units in the main cities of the country. In Mali, several projects are being studied, in particular a factory of production and, crushing cotton-spinning of cement. Apart from the Black Africa, the Chaâbi group also present in Egypt where it carried out several projects of social housing for which it was preceded in Cairo. A real estate project which hooded in Senegal under the pressure of lobbys of the country and this in spite of the fact that Chaâbi signed a convention with the Senegalese for the realization of 10.000 units of housing top and average State standings. ONA is also active in Africa, through Managem which mainly works in the gold mines in Congo, and Oblong which distributes the food goods approximately, with a turnover of two billion dirhams. Managem discovered many ore layers in Africa, in particular in Guinea and in Burkina Faso. If the ONA turns to Africa for its primarily mining investments, it is because this continent has immense richnesses as regards metals which remain unexploited by the economic operators. Another subsidiary company of the ONA, Attijariwafa Bank, already present at Senegal, posts great inclinations for Africa. She wants in particular to accelerate her establishment in West Africa. Attijariwafa, which opened a subsidiary company and agencies in Dakar last year, had announced in October, a few months only after its installation, the repurchase of 66,67% of the capital of the Sénégalo-Tunisian Bank (BST). This repurchase, which will lead to a fusion of the two entities, enters within the framework of the ambitions of the Moroccan group to extend its activity on the whole of the territory of the Western Union Economic and Monetary African (Uemoa, eight country). RAM: a perilous adventure? The African adventure of the RAM begins in 1999, date on which the company repurchases 51% of the capital of Air Senegal International (ASI). This one exports its know-how while investing in new African companies of which it locks control thanks to a participation of 51%. The RAM wanted to reproduce the same diagram with Air Gabon International, namely the constitution of a joint-venture with a preponderance in the capital. The RAM also envisages to extend beyond French-speaking Africa by serving Ghana, Guinea and Nigeria. The project of International Air Mauritania, with catch of majority stake of Royal Air Maroc, is also in the pipe. The negotiators awaited only the verdict of the second round of the presidential election of March 11 to take again the talks. Sources close to the direction of the RAM, one confirms the return of the Mauritanians to the table of the negotiations.
The Newspaper Hebdo - Fédoua Tounassi
Tunisia and Egypt aren't investing much in Africa.
Quote:
RAM, ONA, Ynna Holding, BMCE Bank… Several great Moroccan groups are established themself more and more in sub-Sahara Africa.
Othmane Benjelloun of BMCE bank has just got 35% of the capital of one of the most important banks of the African continent African Financial Holding. The Moroccan presence on the continent is grwoing like the ONA, Maroc Telecom, the RAM, Attijariwafa Bank, BMCE Bank or Ynna Holding understood that it was necessary to turn to sub-Saharan Africa. Since years already, several Moroccan investors discovered Africa as a market potential in which they launched several projects. All began in 2000 at the time Mohammed VI in Africa. “On invitation of the royal Cabinet, of large investors are solicited to accompany the king in his attempt to return to Africa”, Maroc Telecom acquires 54% of the shares of Mauritel (Mauretania), the RAM takes in its turn 51% of the capital of Air Senegal, the sea link Casa - Dakar created by Comanav goes until Libreville since the 2nd six-month period 2006, Attijariwafa bank opens a sénégalaise subsidiary company as of January 2006. “the kingdom of Morocco and its policy towards sub-Saharan Africa”, carried out by the French Institute of the International relations (IFRI) in November 2003. Chaâbi pioneer One of the first Moroccan contractors to have tried the African adventure is not other than Miloud Chaâbi. Is in Ivory Coast , The Chaâbi group started with the installation in Abidjan of a factory of pipes PVC, which employs a thousand of people. the group will extend to other African countries like Gabon, the Equatorial Guinea and Mali. In Gabon, Ynna Holding ambitionne to develop a property development accompanied by the installation of zones of leisures, tourist and residential high level as well as the creation of integrated shopping malls. In Guinea Equatoriale, the installation of production units of construction materials, conduits for the cleansing and drinking water are in the pipe. The Chaâbi group also hopes to launch out in real estate completion of projects, of shopping malls and hotel units in the main cities of the country. In Mali, several projects are being studied, in particular a factory of production and, crushing cotton-spinning of cement. Apart from the Black Africa, the Chaâbi group also present in Egypt where it carried out several projects of social housing for which it was preceded in Cairo. A real estate project which hooded in Senegal under the pressure of lobbys of the country and this in spite of the fact that Chaâbi signed a convention with the Senegalese for the realization of 10.000 units of housing top and average State standings. ONA is also active in Africa, through Managem which mainly works in the gold mines in Congo, and Oblong which distributes the food goods approximately, with a turnover of two billion dirhams. Managem discovered many ore layers in Africa, in particular in Guinea and in Burkina Faso. If the ONA turns to Africa for its primarily mining investments, it is because this continent has immense richnesses as regards metals which remain unexploited by the economic operators. Another subsidiary company of the ONA, Attijariwafa Bank, already present at Senegal, posts great inclinations for Africa. She wants in particular to accelerate her establishment in West Africa. Attijariwafa, which opened a subsidiary company and agencies in Dakar last year, had announced in October, a few months only after its installation, the repurchase of 66,67% of the capital of the Sénégalo-Tunisian Bank (BST). This repurchase, which will lead to a fusion of the two entities, enters within the framework of the ambitions of the Moroccan group to extend its activity on the whole of the territory of the Western Union Economic and Monetary African (Uemoa, eight country). RAM: a perilous adventure? The African adventure of the RAM begins in 1999, date on which the company repurchases 51% of the capital of Air Senegal International (ASI). This one exports its know-how while investing in new African companies of which it locks control thanks to a participation of 51%. The RAM wanted to reproduce the same diagram with Air Gabon International, namely the constitution of a joint-venture with a preponderance in the capital. The RAM also envisages to extend beyond French-speaking Africa by serving Ghana, Guinea and Nigeria. The project of International Air Mauritania, with catch of majority stake of Royal Air Maroc, is also in the pipe. The negotiators awaited only the verdict of the second round of the presidential election of March 11 to take again the talks. Sources close to the direction of the RAM, one confirms the return of the Mauritanians to the table of the negotiations.
The Newspaper Hebdo - Fédoua Tounassi
Tunisia has a good infrastructure and it's developping it every year,i think the country could become a bridge between europe and Africa,an accelerator of develoopement and transfer of technology to the other countries.
They are already doing it,building routes and helping african farmers.This is why i iadded Tunisia even if it has a small GDP compared to Nigeria.Nigeria's economy is only relying on oil and the GDP per capita is only 2.500 $ (7.900 $ in Tunisia ).
I am maybe mistaken for South Arica,but the country is stable,democratic (one of the main defaults of Tunisia ) and has also a good infrastrcuture and educational system.
Tunisia is allready for years a successtory in Africa if you look to their economy, education and social factors..
But Tunisia is more focussing on it self. Tunisian companies don't invest much in Africa..
You are using per capital income to judge an economy,I don't think that is good idea all byitself .Most countrie in Africa are helping out with development in Africa too. SA, Nigeria, Egypt,Morocco,etc and they are exchanging technical know-how between these countries.
I think we didn't agree from the start,from me an African Lion is a DEVELOPPED country in all aspects not just an oil rich country with no real economy and no real infrastructure.
Don't you think so ?
Tunisia is allready for years a successtory in Africa if you look to their economy, education and social factors..
But Tunisia is more focussing on it self. Tunisian companies don't invest much in Africa..
I think that a developped African country will drag all its neighbors down the same path,that's ma definition of an african Lion not just investissements and GDP growth or volume.
Ok,the topic is Which countries will emerge as the "African Lion" Economies.
You're continually embarrassing yourself. Clearly no one is on your side here.
to all the great people of Morocco ,north or south,visitors to that great country comes from all over the world ,i agree with you in some points not all,each country has its own beauty ,take a look here and tell me what you think....
http://www.skyscrapercity.com/showthread.php?t=631247
http://www.skyscrapercity.com/showthread.php?t=631247
i heard tigers only in asian countries,i think lion will fit africa.......I KNOW WE ARE TALKING ABOUT LIONS BUT HOW ABOUT AFRICAN TIGER
Ghana 'will be an African tiger'
Ghana's President John Kufuor says the discovery of the country's first major oil deposit could turn the West African country into an "African tiger".
"Even without oil, we are doing so well... With oil as a shot in the arm, we're going to fly," he told the BBC.
"My joy is that I'll go down in history as the president under whose watch oil was found to turn the economy of Ghana around for the better," he said.
The discovery of 600m barrels of light oil offshore was announced on Monday.
Reserves in the Mahogany exploration well were far greater than the 250m barrels that UK-based firm Tullow Oil had earlier forecast.
Tullow, which saw its shares rise more than 12% on the news, jointly owns the West Cape block where the drilling took place with Anadarko Petroleum.
'Destiny'
Correspondents say champagne bottles were popping at Osu Castle, the seat of Ghana's government, after the announcement.
Mr Kufuor said the discovery would give a major boost to Ghana's economy.
We're going to really zoom, accelerate... and you'll see that Ghana truly is the African tiger
Ghana's President John Kufuor
"Oil is money, and we need money to do the schools, the roads, the hospitals. If you find oil, you manage it well, can you complain about that?" he told the BBC's Focus on Africa programme.
He dismissed suggestions that Ghana may follow in the footsteps of other countries that have mismanaged their oil wealth.
"Some are doing it well and I assure you if others failed, Ghana will succeed because this is our destiny to set the good pace for where we are. So we're going to use it well," he said.
"We're going to really zoom, accelerate, and if everything works, which I pray will happen positively, you come back in five years, and you'll see that Ghana truly is the African tiger, in economic terms for development."
His sentiments were echoed in many of Ghana's newspaper headlines on Tuesday.
The Statesman hailed the Gold Coast, Ghana's name under British rule, finding "black gold" and the Accra Daily Mail leads with the headline: "Thank God. Oil at last Thank God!"
The BBC's Will Ross in Ghana says the country is the midst of an energy crisis and every four days everybody has their electricity switched off for more 24 hours.
Ghana is described as somewhat of a success story in Africa but the country does suffer from widespread poverty and also has alarming levels of corruption, our correspondent says.
Tullow chief executive Aidan Heavey said the discovery was one of the biggest oil discoveries in Africa in recent times, but warned it could be up to seven years before the oil started to flow.
Tullow Oil holds a 22.9% stake in the West Cape Three Points licence and just under 50% in the Deepwater Tano licence.
The move comes as foreign firms are increasingly tapping into Africa for oil
600 million barrels is quite small, and it would help the Ghanaian economy only if it is refined for local consumption. Looks like Ghana wants to export in the same scale as Nigeria or Angola (3-4 million barrels daily).
Indeed. African Tiger? LOL. :lol:i heard tigers only in asian countries,i think lion will fit africa.......
I guess Ireland was called the Celtic Tiger because "Celtic Fieldmouse" wouldn't go down too well... so African Tiger, hmm, just doesn't fit at all!
Nigerian is really on the good way. Their non-oil sector growh with 10% in 2008 and in 2009 it will be 8%..
In the Dutch economic Magazine Elsevier they said Nigeria is turning in the African Taiwan. They have a lot of investments in manufactering etc since they have reformed their economy.
If this stays this way they can become the biggest economy of Africa in the future..
In the Dutch economic Magazine Elsevier they said Nigeria is turning in the African Taiwan. They have a lot of investments in manufactering etc since they have reformed their economy.
If this stays this way they can become the biggest economy of Africa in the future..
Ok heres a foreigner point of view...
Ive analyzed many lists on the net (ok its wiki, but still an effective research :lol
, so I´ll list the african countries named by such indexes as more developed / to be more developed in the future.
1.- The Advanced Emerging Markets List (FTSE Index / Stocks Index):
Southafrica and Egypt.
2.- The MSCI Financial Index:
Egypt, Morocco and Southafrica.
3.- The Next Eleven industrialized Countries (Goldman Sachs):
Egypt and Nigeria
http://en.wikipedia.org/wiki/Next_Eleven
4.- The Newly Industrialized Countries (Random Classification):
Southafrica
http://en.wikipedia.org/wiki/Newly_industrialized_country
5.- Members of the G-8 + 5
Southafrica
http://en.wikipedia.org/wiki/G8+5
6.- Members of the G-20 major economies:
Southafrica
http://en.wikipedia.org/wiki/G20_industrial_nations
7.- Goldman Sachs BRIC's study (the next big economies for 2050):
Nigeria
Egypt
http://en.wikipedia.org/wiki/BRIMC#BRIMC.2C_BRICK_and_BRIIC
So its pretty clear that Southafrica is now the African Lion economy and the next will be Nigeria and Egypt. Dont you think so? :lol:
It seems that Tunisia and Morocco are doing pretty well tho, and maybe they will reach higher PIB Per capita levels than the African Lions, but analysts expect they (Specially Tunisia) will remain more isolated / with less influence globally mainly because the size of their economies as a whole.......(something like Denmark and Germany, Denmark has higher PIB PEr Capita but Germany is considered a major-key leader economy)
Ive analyzed many lists on the net (ok its wiki, but still an effective research :lol
, so I´ll list the african countries named by such indexes as more developed / to be more developed in the future.1.- The Advanced Emerging Markets List (FTSE Index / Stocks Index):
Southafrica and Egypt.
2.- The MSCI Financial Index:
Egypt, Morocco and Southafrica.
3.- The Next Eleven industrialized Countries (Goldman Sachs):
Egypt and Nigeria
http://en.wikipedia.org/wiki/Next_Eleven
4.- The Newly Industrialized Countries (Random Classification):
Southafrica
http://en.wikipedia.org/wiki/Newly_industrialized_country
5.- Members of the G-8 + 5
Southafrica
http://en.wikipedia.org/wiki/G8+5
6.- Members of the G-20 major economies:
Southafrica
http://en.wikipedia.org/wiki/G20_industrial_nations
7.- Goldman Sachs BRIC's study (the next big economies for 2050):
Nigeria
Egypt
http://en.wikipedia.org/wiki/BRIMC#BRIMC.2C_BRICK_and_BRIIC
So its pretty clear that Southafrica is now the African Lion economy and the next will be Nigeria and Egypt. Dont you think so? :lol:
It seems that Tunisia and Morocco are doing pretty well tho, and maybe they will reach higher PIB Per capita levels than the African Lions, but analysts expect they (Specially Tunisia) will remain more isolated / with less influence globally mainly because the size of their economies as a whole.......(something like Denmark and Germany, Denmark has higher PIB PEr Capita but Germany is considered a major-key leader economy)
You have a very good point here and we all know SA is really leading but as time goes on, country like Nigeria, Egypt and Morocco will emerge.So its pretty clear that Southafrica is now the African Lion economy and the next will be Nigeria and Egypt. Dont you think so? :lol:
It seems that Tunisia and Morocco are doing pretty well tho, and maybe they will reach higher PIB Per capita levels than the African Lions, but analysts expect they (Specially Tunisia) will remain more isolated / with less influence globally mainly because the size of their economies as a whole.......(something like Denmark and Germany, Denmark has higher PIB PEr Capita but Germany is considered a major-key leader economy)
Nigeria needs a bit of luck.
The kind of luck we got when Abacha died in 98.
If We can see Governors like Fashola and Imoke, create role model states then there might be some societal healing that way.
The Federal Government won't cave in easily, it will need to be a gradual process.
The growth in the private sector however is already happening and this will really help.
Nigeria will continue to grow but how quickly is the question.
I mean countries like Philippines and Indonesia are growing even with some levels of corruption.
Nigeria needs some luck in alleviating some of its corruption which has become endemic.
The kind of luck we got when Abacha died in 98.
If We can see Governors like Fashola and Imoke, create role model states then there might be some societal healing that way.
The Federal Government won't cave in easily, it will need to be a gradual process.
The growth in the private sector however is already happening and this will really help.
Nigeria will continue to grow but how quickly is the question.
I mean countries like Philippines and Indonesia are growing even with some levels of corruption.
Nigeria needs some luck in alleviating some of its corruption which has become endemic.
Leave alone talking of African Lions: To become one, A country should invest in:
1. Infrastructure: I dont see any country coming close to this any time soon, except S.A...thanks to the World Cup!
2. Education: It's very suprising for pple here to argue abt being African Lions when the literacy levels alone in their respected countries is still less than 80% of the population. You must invest first in Education for everyone then invest in man power development! You can ve oil or minerals, no man power capacity.
3. Information and Communication Technology: This is where world economy is currently heading to. Only few countries in Africa is heading at the right direction..in sub-saharan Africa are S.A and Kenya! Where ICT is the fastest growing economic sector due to governements committment.
4. Leadership: African leaders lack political will to lead their countries in the right direction.
Dont brag of having wealth of minerals or oil, when the proceeds of the same goes direct to the few selected individuals and Western coutries!
THINK AGAIN OF TALKING ABOUT AFRICAN LIONS OR TIGERS! ACCESS IF THE COUNTRY MEETS THE ABOVE FIRST!
1. Infrastructure: I dont see any country coming close to this any time soon, except S.A...thanks to the World Cup!
2. Education: It's very suprising for pple here to argue abt being African Lions when the literacy levels alone in their respected countries is still less than 80% of the population. You must invest first in Education for everyone then invest in man power development! You can ve oil or minerals, no man power capacity.
3. Information and Communication Technology: This is where world economy is currently heading to. Only few countries in Africa is heading at the right direction..in sub-saharan Africa are S.A and Kenya! Where ICT is the fastest growing economic sector due to governements committment.
4. Leadership: African leaders lack political will to lead their countries in the right direction.
Dont brag of having wealth of minerals or oil, when the proceeds of the same goes direct to the few selected individuals and Western coutries!
THINK AGAIN OF TALKING ABOUT AFRICAN LIONS OR TIGERS! ACCESS IF THE COUNTRY MEETS THE ABOVE FIRST!
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