July 7, 2020//-The ailing sugar sector in Kenya got a reprieve after importers were locked out of the market. The government came up with a raft of measures chiefly aimed at protecting the local manufacturers.
Category: Investing
UCC Business School e-seminar: COVID-19 Promotes Deglobalization Says German Prof
Cape Coast, Central Region, Ghana, July 5, 2020//-Professor Dr Jurgen Bode, a Professor of International Business and Deputy Vice Chancellor for International Affairs & Diversity at the University of Applied Sciences, Bonn, Germany says the devastating COVID-19 pandemic has led to deglobalization in which many countries are focusing on their strategies within.
Now is the Time for Africa to Implement AfCFTA, Not Later
July 4, 2020//-African leaders have shot themselves in the foot by postponing the implementation of the African Continental Free Trade Area (AfCFTA) until 2021.
Debt Relief – Africa’s Agonising Dilemma
July 4, 2020//-International lenders are making debt relief available to help poorer countries, but many African leaders are wary of taking it up.
A Crisis Like No Other, An Uncertain Recovery
July 2, 2020//-Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast.
CDC Group, Finnfund Commit $70 Million to AfricInvest Fund IV
June 2, 2020//-CDC Group and Finnfund today announced a $70 million commitment to AfricInvest Fund IV, a generalist pan-African fund aiming to foster the growth of African enterprises across the continent.
World Bank Realigns Africa Region Into Two Vice Presidencies
Washington, USA, July 1, 2020—The World Bank Group today announced that its Sub-Saharan Africa Regional portfolio would now be managed by two Vice Presidents.
Replacing CFA with Eco ‘Challenges the Sovereignty’ of Nigerian Naira
July 1, 2020//-The Francophone countries coming together to replace the colonial currency, the CFA Franc with the Eco, may be “a major step forward and a positive thing,” says Andrew S. Nevin, Chief Economist, Nigeria Clients and Markets Leader at PricewaterhouseCoopers (PwC).
Kenya Among Top Destinations in Africa Attracting Venture Capital
July 1, 2020//-Kenya is among the top African countries that attracted the highest share of financing for start-ups and small businesses with exceptional growth prospects in the past five years (2014-2019), the African Private Equity and Venture Capital Association Ltd (AVCA) said in this month’s report.
World Bank Supports Jobs, Skills Dev’t and Digital Transformation in Ghana
Washington, July 1, 2020//– The World Bank’s Board of Executive Directors approved $315 million from the International Development Association (IDA) to support job creation, skills development and digital transformation in Ghana.