Spotlight Archives - Page 5 of 13

05 Sep 18

Business in South Africa vs. Nigeria: Economic Comparison

To support business managers in assessing the uncertain environment and adapting organizational strategies to the variable opportunities and risk across the continent, we developed a tool (kpakpakpa Market Potential Index- KMPI) that provides a balanced set of both short and long-term metrics. To perform a country analysis, we measured…

Understand African Culture To Improve Business Results

09 Aug 18

Understand African Culture To Improve Your Business Results in The Region

Africa is a continent that boasts a wide variety of cultures, languages, and beliefs. Therefore, it is imperative that as a new entrant in the African market that you work to understand the African culture – the nuances and practices present. Doing so will ultimately help improve the way you conduct…

08 Aug 18

Business in Africa: 7 reasons your organization should be involved

Africa is rapidly becoming one of the frontrunning emerging markets. Within the last few years, the conversation about commerce on the continent has evolved from naming challenges to identifying opportunities. It comes as no surprise that African nations, such as Nigeria, that have a growing GDP and population have…

African Economy - Open Air Market Lagos Nigeria

02 Aug 18

The African Economy 2018: Short-term and Long-term Outlook

As a business builder or manager looking to conduct business in Africa, it is important to get an economic perspective that is both microeconomic and macroeconomic in nature. This means taking a look at the economic trends occurring within the largest economies in Africa, such as Nigeria, as well as…

01 Aug 18

Economy of Africa Overview – Quick Snapshot

The economy of Africa currently holds one of the largest growth opportunities for companies looking to expand their global presence. As the second most populous continent with a rapidly growing population, where 41% of the African population is under the age of 15, the economy of Africa is set to reach $29 trillion by…

Electricity and Money Flow in Nigeria Power Industry

19 Jul 18

The Nigerian Power Industry: Mapped Out

There are many challenges in the power industry that both homes and businesses in Nigeria have to navigate. The main challenge is that Nigeria does not have a reliable, consistent supply of electricity. However, before companies can provide solutions to this issue, they must fully understand the scope of the…

04 Jul 18

Improve Your Decision-Making About Business in Nigeria

As the manager of a successful multinational company, you recognize that decisions can make or break a business. Therefore, good businesses rely on good decision-making in order to thrive. It is sometimes difficult to make informed decisions while operating in the Nigerian market due to the limited availability of…

27 Jun 18

Financial Services in Nigeria: Overview, Opportunities & Challenges

There are opportunities for new entrants looking to operate in the banking sector, as 4 out of 10 Nigerians are still underbanked in that they lack the access to a full range of basic financial services in Nigeria. Financial inclusion is widely recognized as one of the most important…

19 Jun 18

Major Challenges in the Healthcare Sector in Nigeria

As organizations look to enter Nigeria’s healthcare and pharmaceutical sector, understanding the major challenges in the healthcare industry takes precedence. In an effort to provide some context for these challenges, gaining an understanding of how the Nigerian healthcare industry is set up, as well as how it currently functions, is…

14 Jun 18

Pharmaceuticals & Healthcare in Nigeria: General Overview & Opportunities

Healthcare in Nigeria is a growing sector that boasts both challenges and opportunities for multinational companies. In an effort to succeed in either healthcare or pharmaceutical industries as a new entrant, it is imperative that you gain an understanding of both sectors so that you can navigate the terrain effectively.…