Courtesy of The Financial Times, a report on Nigeria’s economic predicament: Fatai Oluwa, a patternmaker in Lagos, Nigeria’s teeming commercial capital, has started sleeping in the tailor shop where he works, often on his cutting table, so he can save on soaring commuter costs. Since the snap removal last year of petrol subsidies by Nigeria’s […]
Read more »Via The Africa Report, an article on the DRC’s economic potential: Despite inflationary pressures and the weak Congolese franc, the DRC’s economy, driven by the extractive sector, shows one of the highest growth rates on the continent. Kinshasa has a brand new Convention and Financial Centre and its four gleaming skyscrapers are being touted as […]
Read more »Courtesy of Nikkei Asia, an article on a new Central Asian rail network would bypass problematic routes through Russia and Red Sea: A rail network that spans across Central Asia is gradually taking shape, spurred on by interest in bypassing such geopolitical hot spots as Russia and the Red Sea. China, Uzbekistan and Kyrgyzstan signed […]
Read more »Via East Asia Forum, a report on the Luzon Economic Corridor: At their April 2023 trilateral summit, the presidents of the Philippines, Japan and the United States jointly unveiled the ambitious Luzon Economic Corridor (LEC) initiative. This unprecedented undertaking could channel a staggering US$100 billion into the Philippine economy within ten years, a transformative sum […]
Read more »Via Nikkei Asia, a look at how blackouts, soaring electricity bills spur urban, rural residents to install own panels: Srinagar Highway offers a sun-drenched, 25-kilometer straight shot from Islamabad’s international airport to the center of Pakistan’s capital. It also affords a clear view of how increasing numbers of citizens are reacting to frequent power cuts […]
Read more »Via The Diplomat, a report on Mongolia’s efforts to think outside the box in its attempts to diversify its economy, especially by promoting the tourism sector: Two new partnerships with a London-based Premier League football club and the British Broadcasting Corporation (BBC) highlight Ulaanbaatar’s multi-pillared approach to promoting cultural diplomacy in a bid to increase economic […]
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