Tag Archives: Africa

Toshiba to Curb Influx Of Fake Products

TOSHIBA, MANUFACTURERS of technological equipment has hinted that they would soon clamp down on miscreants who spread fake products, especially in the African sub-region. The manufacturing company further disclosed that they would also organise a road show for their customers to help them differentiate their products from the fake ones in the market. Briefing the press in Accra on Tuesday ...

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How Africa’s economic growth rides on wireless rails

economic growth

A telecommunications boom is lifting an industry and a continent. In Kenya, hundreds of thousands of people are rising out of poverty as mobile-money services turn subsistence farmers into businesspeople. A similar dynamic drives Ethiopia, the fastest-growing economy in Africa, where the gross domestic product is forecast to climb 8 percent in 2019. Borrowing costs in Ghana plummeted almost 2.5 percentage points during the ...

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FES, ATUMNET holds conference on fair recruitment and labour migration in Accra


The African Trade Union Migration Network (ATUMNET), in partnership with Friedrich Ebert Stiftung, organised a conference in Accra to discuss issues bordering on fair recruitment in relation to labour migration. The conference which took place between September 11, and September 12, 2017 sought to explore better migration processes and to engage African governments to improve their economies in order to ...

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More than 1.2 million adolescents die every year from preventable causes – WHO

Preventable Diseases

More than 3000 adolescents die every day, totalling 1.2 million deaths a year, from largely preventable causes, according to the latest report from the World Health Organisation (WHO). In 2015, more than two-thirds of these deaths occurred in low and middle-income countries in Africa and South-East Asia. Road traffic injuries, lower respiratory infections, and suicide are the biggest causes of ...

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BoG, others intensify move to flush out counterfeit notes

Bank of Ghana

Central banks across the West African sub-region have met to build capacity in fighting fake currency circulation. The circulation of counterfeit notes has been a major challenge for West African countries as fake notes are transited every year, running into millions of dollars. Speaking to Citi Business News at the workshop organized in Accra on Banknote and Currency Management, the ...

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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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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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