Lagos, Nigeria, August 3, 2020//-Shoprite is the latest company to announce plans to exit Nigeria.
Category: Investing
Research: COVID-19 Forced Businesses in Ghana to Lay Off About 42,000 Workers
Accra, Ghana, August 3, 2020 – The shock caused by the COVID-19 pandemic has had considerable impacts on Ghanaian businesses, forcing many firms to cut costs by reducing staff hours, cutting wages, and in some cases laying off workers.
Why the African Free Trade Area Could be the Game-changer for the Continent’s Economies
African leaders have their work cut out to make the continental free trade area a success. Wikimedia Commons Muazu Ibrahim, University for Development Studies August 3, 2020//-Most economists see structural transformation as one of the main routes to Africa’s sustainable development.
China-Africa Relations Enter New Era As Easy Money Dries Up
August 1, 2020//-China has lent over $150bn to African countries in nearly two decades, but as concerns mount over repayment, the nature of the China-Africa relationship is set to change for good, writes David Thomas
Ghana: Prof Delle’s 50 Years of Medical Practice Celebrated
Accra, Ghana, July 30, 2020// – Professor Edmund Nminyem Delle, the Founder and Board Chairman of Rabito Clinic on July 27, 2020 marked 50 years of practicing as a Medical Doctor.
Business Growth Festival: ScaleUp Africa Unlocks Global Black Owned Venture Potential
Accra, Ghana, July 30, 2020//- Women-led B2B Enterprise Development Agency, ScaleUp Africa will virtually host its inaugural Pan-African Business Festival- ‘IGNITE’ on August 6th to promote access to enterprise growth resources for entrepreneurs of African Descent, globally.
Chinese-Owned Factory Is Paying For Its ‘COVID-19 Sins’ In South Africa
July 30, 2020//-The Chinese electronics manufacturer, Hisense, has had its celebrated factory in South Africa shuttered by government agents after appearing to violate the country’s COVID-19 control regulations.
Measures to Increase Revenues Generated from Import Duties During COVID-19
Accra, Ghana, July 30, 2020//-The coronavirus disease (COVID-19) has presented enormous challenges to the developed, emerging, and developing economies.
Why African Countries Are Reluctant to Take up COVID-19 Debt Relief
IMF managing director Kristalina Georgieva and World Bank group president David Malpass have offered debt relief to developing countries. Misheck Mutize, University of Cape Town July 29, 2020//-A debt service relief package has been approved by some of the world’s biggest lenders for more than 25 African countries.
The IMF’s $4bn Loan for South Africa: The Pros, Cons and Potential Pitfalls
South Africa’s finance minister Tito Mboweni says the IMF loan will limit the country’s economic vulnerabilities which have been exacerbated by COVID-19. Gallo Images/Brenton Geach Danny Bradlow, University of Pretoria July 29, 2020//-The International Monetary Fund (IMF) has approved a R70 billion (US$4.3 billion) loan for South Africa to help the country manage the immediate […]