Africa

CURRENCY DEPRECIATION: ONE REASON WHY YOU MUST BE CONCERNED

There are many things that are of prime concern for every nation. Currency depreciation is one of such. The implications of this situation can be beneficial and, in some cases, can be detrimental for any economy. For example, the recent currency depreciation that were experienced by Turkey and Argentina has greatly disturbed these two economies. To explain further, Consumer News ...

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Draw Lessons From Elsewhere To Revamp Banking Sector — Seth Terkper

Former Finance Minister, Mr Seth Terkper, has stressed the need for a review of the country’s banking laws to incorporate same practices as used in other advanced countries. “We need to make the necessary regulatory corrections and necessary statutory corrections, insist on proper oversight resposibilities by Parliament, and explore the possibility of placing the non-bank financial sector under a financial ...

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Ghana Revenue Authority To Undertake Excise Tax Stamp Enforcement

The Ghana Revenue Authority (GRA) says its enforcement task force teams will soon conduct unannounced inspection visits to enforce compliance of the Excise Tax Stamp Act. A statement issued by the Commissioner-General of the GRA said, products without the Tax Stamp would be detained and or seized and applicable sanctions imposed. The Act requires that Excise Tax Stamp be affixed ...

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Ghana’s Youngest Chartered Accountant, Solomon Kekeli Semavor

Kekeli Semavor

Mr Solomon Kekeli Semavor is currently the youngest Chartered Global Management Accountant in Ghana. He is also the 11th youngest in Africa. The  Chartered Institute of Management Accountants(CIMA) course is rumoured to be the toughest accountancy course globally. This brings no surprise as a CIMA Chartered accountant earns the designation “Chartered Global Management Account” (CGMA). His early life saw him ...

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Ghana-Burkina Faso to constitute 20 expert committee committee on railway project

Ghana and Burkina Faso have agreed to constitute a 20-member expert committee to facilitate the development of a railway interconnectivity from Accra to Ouagadougou. The two countries will each contribute 10 members to the committee. The committee is expected to develop an action plan and timelines for implementation and has three months, commencing January 2018, within which to complete its ...

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World Bank says Sub-Saharan Africa to record modest recovery in 2017

Sub-Saharan Africa

The World Bank has projected that Sub-Saharan Africa would record modest economic growth recovery of 2.4 percent in 2017 after the region grew by just 1.3 percent in 2016. In its new Africa’s Pulse, a bi-annual analysis of the state of African economies, the World Bank, however, warns that the pace of the recovery remains sluggish and will be insufficient ...

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M-KOPA solar raises US$80 million in expansion funding

M-KOPA

East African pay-as-you-go solar energy provider M-KOPA Solar has raised US$80 million in committed financing to be used over the next three years to finance installations in one million homes, on top of the 500,000 already connected. To date, M-KOPA Solar has connected over 500,000 homes in East Africa to affordable, safe and clean energy, with its predominantly low-income customer ...

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Dangote cement approaches SA’s PPC about takeover

Dangote

Dangote Cement Plc has approached PPC Ltd. about a takeover deal, signaling the start of a possible bidding war for South Africa’s biggest cement maker after an earlier offer led by Canada’s Fairfax Financial Holdings Ltd. Dangote has told PPC’s board that it’s interested in buying “the entire share capital,” the Lagos-based company said late Wednesday in a statement to ...

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New report accuses EU countries of unlawful fishing in African waters

EU countries

The advocacy group, Oceana says it has found EU flagged countries doing illegal fishing in the waters of some African countries. In a report it published today, September 12, 2017, Oceana says it found that four European countries authorized illegal fishing in the waters of The Gambia and Equatorial Guinea between April 2012 and August 2015. “Using data from Global ...

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WTO, FES regional dialogue addresses challenges in multilateral trading system in West Africa

The World Trade Organisation (WTO), in partnership with the Friedrich Ebert Stiftung (FES), held a regional dialogue on Challenges for the Multilateral Trading System in West Africa. The event which took place in Accra brought together civil society actors, business people, the media and WTO members and observers in the West African region. Participants were educated on the role of ...

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