Category archives for: Investing

FocusEconomics: Growth in Sub-Saharan Africa Set to Hit 4-year High

May 24, 2018//-The recovery in Sub-Saharan Africa’s (SSA) economy is expected to gain steam this year, thanks to stronger growth in major players Nigeria and South Africa, according to FocusEconomics, a leading provider of economic analysis and forecasts for 127 countries  in Africa, Asia, Europe and the Americas.

Korea Announces Landmark Multi-billion Dollar Financial Package for Africa

Busan, Republic of Korea, May 24, 2018/ /– The Government of Korea has announced a $5-billion bilateral financial assistance package for Africa.

Lidya Raises $6.9 Million in a Series A Round Led by Omidyar Network

Lagos, Nigeria, May 23, 2018//- Lidya, the digital financial services platform focused on improving access to credit for micro, small and medium-sized enterprises (MSMEs) in Africa, today announced that it has raised $6.9 million in a Series A investment round, one of the largest in Nigerian tech history.

Economist Asks Managers of Ghana’s Economy to Open Up on Debt Stock

Accra, Ghana, May 23, 2018//-A renowned Ghanaian economist at the University of Cape Coast, Professor  John Gatsi has asked managers of Ghana’s economy to open up on the country’s debt stock.

Structural Reforms Key to Africa’s Economic Transformation

Busan, Republic of Korea, May 22, 2018/ — The Emir of Kano and a former Governor of Nigeria’s Central Bank, Muhammadu Sanusi II says Africa’s development agenda must focus on the socio-cultural and commercial interests of Africans and the upliftment of the continent’s trade and economic ecosystem.

NBS: Nigeria Suffers First Economic Decline Since End of Recession

Lagos, Nigeria, May 22, 2018//– Despite strong oil output, Nigeria suffered its first economic decline since the end of recession when the gross domestic product (GDP) growth declined by 1.95 percent in first quarter of 2018 compared to 2.11 percent in the preceding quarter.

Ghana: Maiden Charity Bazaar Attracts More Patrons

Accra, Ghana, May 21, 2018//-A maiden charity bazaar organised by members of the  Association of Spouses of Heads of Missions in Ghana has attracted more patrons from the diplomatic community, businesses and the general public.

Europe Must Confront America’s Extraterritorial Sanctions

Europe’s biggest challenge in resisting US sanctions on Iran is not legal or even geopolitical. It is psychological: European leaders act as if the US still cares about a trans-Atlantic alliance of shared interests, values, and approaches. New York, US, May 17, 2018 – Donald Trump’s renunciation of the Joint Comprehensive Plan of Action (JCPOA) […]

Kenya Rejects China-EAC Free Trade Pact

May 16, 2018//-Kenya will not sign a free trade agreement that China has been negotiating with the East African Community (EAC) partner States since 2016, Trade principal secretary Chris Kiptoo has said.

South Africa Promotes Local Agro-processing Products, Services in China

Pretoria, South Africa, May 15, 2018/ — South Africa’s Department of Trade and Industry (the dti) will lead a delegation of twenty-three local companies from the agro-processing sector to Shanghai, China to promote local products and services at the annual SIAL China International Trade Fair for Food that takes place from 16-18 May 2018.

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