ECOWAS must grab this huge investment opportunity


The Ghana Institute of Governance and Security (GIGS) says the decision by Morocco – a North African economic giant, to join Economic Community of West African States (ECOWAS), could provide the sub- region with huge investment opportunities. It would open the door to the countries in the economic bloc to effectively partner Morocco to undertake massive development projects to drive ...

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Ghana Signs Double Taxation Agreement With Mauritius

taxation agreement

The Government of Ghana has signed a Double Taxation Avoidance agreement (DTA) with the government of Mauritius. The countries have also set up a Ghana-Mauritius Permanent Joint Commission on Bilateral Cooperation, as part of measures to facilitate trade between the two countries. As well, Ghana and Mauritius have agreed to collaborate on an Investment promotion and protection agreement to better ...

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Why IBM decided to invest $70 million in Africa IT skills


Computing giant IBM is investing $70 million (approximately R945 million) in building digital, cloud and cognitive IT skills to help support a 21st-century workforce in Africa. The initiative, ‘IBM Digital – Nation Africa’, provides a cloud-based learning platform designed to provide free skills development programmes for up to 25 million African youths over five years, enabling digital competence and nurturing ...

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Focus on efficient development and resist flashy projects – World Bank

Sub-Saharan Africa

Cities in sub-Saharan Africa are experiencing rapid population growth rate, yet their economic growth has not kept pace, the World Bank Group has said. The Bank says it may be partly due to low capital investment, due in part to Africa’s relative poverty. However, the Bank is hopeful that African leaders can still set cities unto more efficient development paths ...

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Battered Zuma Turns to Populism


With his time as leader of South Africa’s ruling African National Congress running out, President Jacob Zuma is gambling that a raft of populist measures can bolster his grassroots support and ensure his political survival. “Radical economic transformation” was the theme of Zuma’s annual state-of-the-nation address on Thursday delivered amid scenes of lawmakers brawling and security forces imposing an unprecedented ...

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Fake news dangles visa-free travel for Ghana/Malawi

visa free

As President Donald Trump’s travel ban upended many people’s plans to come to America, fake news perpetrators saw opportunities to cash in on the news. A few days after Trump signed his executive order, a website called USA Television put up two stories. One said “Trump signs a visa-free travel policy for Ghana” and the other “Trump signs a visa-free ...

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Kenya to host Africa Finance & Investment Forum

trade finance in kenya

Kenya will for the first time host the Africa Finance and Investment Forum (AFIF), the Pan-African meeting of SMEs managers, entrepreneurs, investors and government representatives which will take place from 13-16 February, 2017. The event organized by EMRC will focus on entrepreneurship and innovation and access to finance in key sectors such as energy, water, ICT, health and agriculture, according ...

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AfDB approves over $69m for infrastructure sector investments in Ghana


The Africa Development Bank (AfDB) has approved $69.6 million risk participation in infrastructure sector investments in Ghana, Malawi and Mozambique. The Board of Directors of the African Development Fund (ADF) approved two transport sector investment risk participations amounting to $69.6 million under its Private Sector Credit Enhancement Facility (PSF). These two transactions are risk participations in Private Sector projects of ...

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Access to credit and technology can increase crop yield – Study

Accesss to credit

A study has confirmed that access to credit and technology is deemed to increase crop yield among smallholder farmers in Africa. The study, which was supported by the United Nations University Institute for Natural Resources in Africa (UNU-INRA), was copied to the Ghana News Agency. The research findings, reported in the Institute’s working paper entitled: “Crop Yield Volatility among Smallholder ...

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AfDB to support Kenya with $90m to boost trade finance

trade finance in kenya

The Africa Development Bank (AfDB) is providing financing to SME’s in Kenya and to boost trade finance. The funding will be channelled to SMEs and local businesses in infrastructure, tradable and other transformative sector transactions in Kenya, according to a press release from the AfDB. The release notes that the financial package is comprised of a $50m Line of Credit ...

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