Africa’s coronavirus-ravaged economies are expected to rebound in 2021, on the back of vaccine programmes and the implementation of a continent-wide trade deal, the development bank says. But debt will continue to threaten recovery.
Category: Investing
Nigeria’s Naira-for-dollar Incentive Not Enough to Bolster Currency
Nigeria’s new naira-for-dollar plan to encourage remittance payments will do little to meet its stated aim of stabilising the currency, analysts say.
‘Seven Reasons Why Ghanaians Will Be Worse Off Under 2021 Budget’
Minority spokesperson on Finance Cassiel Ato Forson has enumerated seven reasons why the 2021 budget will make Ghanaians worse off under the Akufo-Addo government.
Ghana: Absolute Debt Add on, Trapped and Bully Taxes and Levies in the 2021 Budget
Accra, Ghana//-Finally, the public debt figure is out. It is Ghc291.6billion which is 139% more over the 2016 public debt figure of Ghc122billion or Ghc169.6billion in absolute terms excluding the first quarter borrowing for 2021.
Kenya: Deposits, Savings Returns, Signal Upbeat Economy
Interest on savings and long -term deposits rose in January, the first appreciation since the onset of the Covid-19 pandemic signifying a more upbeat and resilient economy.
Ghana’s Yofi Grant: Businesses Are Leading Regionalisation Effort on the Continent
Yofi Grant, CEO of Ghana Investment Promotion Centre, talks to The Africa Report about promising cross-border investments and regional integration amidst the Covid-19 pandemic
How Countries Are Helping Small Businesses Survive COVID-19
The economic downturn caused by the pandemic has taken a painful toll on small businesses. Scores of retail businesses have permanently closed in cities around the world since the Great Lockdown in the spring of 2020.
Nigeria: Ride-sharing Service Shuttlers Plans Expansion to Abuja and Accra
Lagos-based ride-sharing service Shuttlers is seeking to raise $1.5m by the end of the second quarter to expand to cities such as Abuja and Accra, CEO Damilola Olokesusi tells The Africa Report.
African Sovereigns Walk Slippery Debt Path
African sovereigns are treading a fine line between accepting debt-relief packages and frightening off bond investors by doing so.
ANALYSIS: The Amendment of the Penalty for Making False and Misleading Statement in Filing Tax Returns
Accra, Ghana//-The Revenue Administration (Amendment) Act, 2020, (Act 1029) has amended four sections of the Revenue Administration Act, 2016, (Act 915).