Victoria Falls, Zimbabwe//–The African share of global trade remained at less than 3 per cent, driven largely by merchandise trade, an indicator that African countries continue to trade with the rest of the world more than among themselves, according to a new report on Assessment of progress on regional integration in Africa by the Economic […]
Category: Investing
Passage of Anti-LGBTQ+ Bill: IMF Says It Is Monitoring Events In Ghana
The International Monetary Fund (IMF) says it is monitoring events in Ghana following the passage of the Proper Human Sexual Rights and Family Values Bill by Parliament.
AFCON 2023 Fuels 300% Rise in Revenue for Content Creators Across Africa
Abidjan, Ivory Coast. According to new data released from StarNews Mobile, Africa’s leading video streaming platform, content creators across Africa experienced a 300% surge in revenues during the 2023 Africa Cup of Nations (AFCON), reaffirming the massive surge in consumption of hyper-localized content from the continent.
Youth Power: MultiChoice Develops Young Professionals For Future Success
As global populations age, Africa remains a bastion of youthful promise, with around 70% of the continent’s population below the age of 30. This youthful demographic can be an asset – but only if it is developed, by empowering young people through training, and by giving them a stake in the growth of their countries’ […]
OAWLI’s Data: 92% of Women Businesses in Ghana Have Never Exported
Accra, Ghana//-Research data to be released as part of International Women’s Day by Oxford Africa Women Leadership Institute (OAWLI), an enterprise support organisation, indicate, less than 20 per cent of women-led businesses in Ghana have ever exported before.
Ghana: Inflation Resumes Upward Trajectory, Hits 23.5%
Accra, Ghana//-Inflation went up marginally in January 2024 to 23.5% as it resumed the upward trajectory, data from the Ghana Statistical Service has revealed.
JPMorgan Fined Nearly $40 Billion for Two-decade Legal Oversights
Over the years, United States banking giant JPMorgan Chase (NYSE: JPM) has been at the centre of major regulatory breaches affecting key elements of its operations, in return threatening the institution’s reputation and financial position. In this context, the situation has led to the bank incurring substantial fines from various regulators.
Ghana: Taxes Have Become More of a Punishment to Businesses
Accra, Ghana//-The Chief Executive of the Ghana Chamber of Commerce and Industry, Mark Badu-Aboagye, has expressed serious concerns about the escalating burden of both direct and indirect taxes on businesses in the country.
Italy Announces $6 Billion Plan to Strengthen Partnership with Africa at Italy-Africa Summit
Rome, Italy, January 31, 2024/ — The government of Italy unveiled a nearly $6 billion plan to support African development at a one-day Italy-Africa plan in Rome on Monday. African Development Bank Group President Dr Akinwumi Adesina (www.AfDB.org) joined 25 African leaders and European Union officials at the summit.
Ghana: Transforming a Crisis into a Journey Toward Prosperity
Ghana is making important inroads to stabilize its economy, and continued program implementation beckons a brighter future When Ghana requested an IMF-supported program in July 2022, the country was dealing with an economic and financial crisis that was the outcome of preexisting vulnerabilities and substantial external shocks. The authorities have since made compelling progress under […]