West Africa's challenged upturn

 

Economic momentum meets vulnerable political environment

 

Nigerian President Muhammadu Buhari reluctantly announced his government’s decision to ratify the African Continental Free Trade Area, having come under severe pressure from business leaders in the region. Buhari’s concerns over the deal’s potentially negative effect on the domestic manufacturing industry were set aside in a bid to win the support of the business community ahead of upcoming elections.

With recent elections in Mauritania and Cameroon and upcoming elections in Senegal and Nigeria in February 2019, the coming months will demonstrate the impact of elections on the business environment in West Africa more widely. International investors are eyeing new oil and gas discoveries along the West African coast with huge interest, but the conduct of these elections will be crucial to final investment decisions.

Businesses with interests in the region should be mindful of how they deal with government stakeholders and navigate regulatory frameworks that may be overturned following an alternation of power. Now more than ever it is important to evaluate investment decisions holistically. A vigilant approach to assessing the social, economic, and political complexities at play will ensure that businesses can withstand the unexpected, regardless of what stage they are at in the investment lifecycle.

 

West Africa extractives sector

West Africa’s extractives sector: mapping the stakeholder landscape

From the dismissal of a minister over corruption allegations, to a phone call from the presidency reneging a deal signed at the ministry – investors in West Africa come across a range of stakeholders with varying attitudes towards their investments. To help their ventures succeed, investors must comprehend the identity, interest, influence and attitude of these stakeholders.

Buhari’s biggest headache

Nigerian President Muhammadu Buhari was elected in 2015 on a pledge to bring security to a country. Early progress had been made, but the situation in Nigeria’s Middle Belt now threatens his re-election.

Creating a secure and resilient business in West Africa

Learn more about how Control Risks’ West Africa team can support your operations.

New oil along the West African coast: seven lessons for investors

New oil along the West African coast: seven lessons for investors

Long known as a base for diplomats, NGO workers and French families, the Senegalese capital Dakar is now showcasing its hospitality to a new type of guest.

Thinking and acting local

Thinking and acting local: effective security management in Africa’s largest economy

Nigeria’s security dynamics are highly localised. A national security risk management strategy simply will not suffice.

Buhari's fight against corruption

Buhari's fight against corruption

Just months before the polls in February 2019, public perceptions of Buhari’s anti-corruption drive remain poor. Despite a number of high-profile prosecutions in the early days of the his administration, investigations have seldom led to significant convictions.

Our experts for West Africa

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Tom Griffin
Tom Griffin

Has overall responsibility for the West Africa region in Control Risks.

 

Gillian Parker

Provides expert analysis on West and Central Africa.

 

Gillian ParkerGbenga Abosede
Gbenga Abosede

Leads the Compliance, Forensics and Intelligence team in West Africa.

 

Imad Mesdoua

Leads Control Risks’ political risk consultancy engagements across Africa.

 

Imad MesdouaTim Cox
Tim Cox

Manages Control Risks’ Crisis and Security Consulting department in West Africa.

 

 

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