Tag: Accounting

Insights

Where to shop? Equatorial Guinea, Of Course!

Equatorial Guinea (EG) is indeed one of the largest producers of oil in the world, and the third largest exporter of the commodity in Africa, after Nigeria and Angola. Crude oil production in EG averaged 216,000 barrels per day from 1994 through December 2016. However, oil is not the only product that this small African country has to offer. In line with the country’s national development strategy, Horizonte 2020, the country, its leaders, and entrepreneurs, are all actively encouraging the development of other economic sectors, such as agriculture.

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Have a question about investing in Africa? Ask us!

A return on investment is not the only parameter to consider when planning to invest or to do business- especially in Africa. This immense continent, spanning 11.7 million square miles and home to over 1.1 billion people across 54 officially recognized countries, is full of complexities, hurdles, and unique challenges and opportunities. To fully capitalize on these opportunities, and if you are a newcomer to Africa, perhaps the most important element in any business endeavor is a reliable local partner with the experience and knowledge to guide you in the right direction and help avoid obstacles. Still, there are several other basic, but crucial, factors to take into account on this continent, which is not only unparalleled in terms of potential and opportunity, but also complex in its workings.

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Say ‘Hello’ to West African SMEs

By 2035 the number of Africans joining the working age population will exceed that of the rest of the world combined, according to the International Monetary Fund (IMF). Much of this new workforce will originate from West African and Sub-Saharan, countries like Nigeria or Ghana. Nigeria, already Africa’s largest economy and country by population will continue to grow, both in GDP terms and demographically. Today, the country numbers over 182 million people.Read more

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Africa CEO Forum – A Reaction

The Fifth edition of the Africa CEO Forum took place in Geneva, Switzerland, on the 20-21st of March, 2017. There was much debate before the event about the forum’s location—after all—why hold a gathering of Africa’s CEO’s, an event fully focused on Africa, outside of the continent?  Yet, after a long debate, both the organizers and the participants agreed that the long-term socioeconomic development of Africa cannot happen without Europe.

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Roadtripping in Equatorial Guinea

45 minutes after take-off from Malabo, we land in Bata, Equatorial Guinea’s largest city, and arguably its most beautiful city, straddling the Atlantic coast. We depart the airport and head to the center, to check into our hotel. For most of the drive, the road runs parallel to the coast, and alongside one of the longest ocean-side pedestrian walkways in Africa.

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