World

Focus on efficient development and resist flashy projects – World Bank

world bank

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

Zuma

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

AfDB

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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Gambian President Barrow returns home Today

Barrow

Gambian President Adama Barrow, who was inaugurated in neighbouring Senegal as mediators engineered an exit deal for predecessor Yahya Jammeh, is to return to Gambia on Thursday, a senior aide said. Barrow will face the task of restoring democratic governance in the sliver-like West African country after 22 years under Jammeh, whose government gained a reputation for the torture and ...

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Trump expected to order temporary ban on refugees

Donald Trump

U.S. President Donald Trump is expected to sign executive orders starting on Wednesday that include a temporary ban on most refugees and a suspension of visas for citizens of Syria and six other Middle Eastern and African countries, say congressional aides and immigration experts briefed on the matter. Trump, who tweeted that a “big day” was planned on national security ...

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Equatorial Guinea confirms Jammeh’s asylum

Equatorial Guinea & Yahya Jammeh

Equatorial Guinea confirmed on Tuesday it was hosting ousted Gambian leader Yahya Jammeh, who fled his country after West African troops threatened to remove him by force if he did not concede his election defeat. Information Minister Eugenio Nse Obiang confirmed that Jammeh was in the country in a statement sent out to journalists. He gave no further details. Jammeh ...

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