February 7, 2020//-Kenyan President Uhuru Kenyatta said that African nations should be free to cooperate with both the United States and China, warning that foreign powers were exacerbating the continent’s divisions.
Category: Investing
TLcom’s TIDE Africa Fund Closes at $71M
Lagos, Nigeria, February 5, 2020//- TLcom, the Africa-focused Venture Capital firm, has secured an additional $31M for its TIDE Africa Fund, bringing its Sub Saharan Africa (SSA)-focused fund to $71 million.
As D-Day Approaches: Is Africa Really Ready For The AfCFTA?
Can the African Continental Free Trade Area succeed where previous free-trade initiatives have failed? Dianna Games weighs up the issues. February 4, 2020//-Africa heads into a historic year in which the long-awaited African Continental Free Trade Area (AfCFTA) finally becomes a reality, with trading under the scheme scheduled to begin on 1 July.
Asante Youth To Akufo-Addo: Stop The Persecution Of Asante Businessmen Or…..
February 4, 2020//-The Asante Youth Association(AYA) has condemned the surge in persecution of iconic businessmen from the Ashanti Region of Ghana by the Akufo-Addo government.
‘Nobody Eats GDP’ Says African Development Bank Boss, Calls for Inclusive Growth
Abidjan, Ivory Coast, February 3, 2020/ — Africa’s economies are growing strongly, but growth alone cannot meet the needs of the continent’s poorest citizens, because “nobody eats GDP,” the African Development Bank’s President, Akinwumi Adesina, said as he unveiled the Bank’s flagship economic report recently.
I&P Welcomes 2 New African Companies, Enters Nigeria
Paris, France, January 31, 2020//-The I&P Afrique Entrepreneurs 2 (IPAE 2) fund welcomed two new African companies to its portfolio, thus pursuing an active investment rhythm, less than two years after its launch.
AEO 2020 Report: Africa’s Economy to Grow Despite External Shocks
Abidjan, Ivory Coast, January 30, 2020//-Africa’s economic growth remained stable in 2019 at 3.4 percent and is on course to pick up to 3.9 percent in 2020 and 4.1 percent in 2021, the African Development Bank’s 2020 African Economic Outlook (AEO) report.
Mahama: Most State-owned Enterprises Are On The Verge Of Collapse Under Akufo-Akufo
Accra, Ghana, January 31, 2020//-Ghana’s former President John Dramani Mahama has observed that most state-owned enterprises (SEOs) are on the verge of collapse under the watch of President Nana Addo Dankwa Akufo-Addo.
African Dev’t Bank Approves $22m to Expand Leasing Financing to SMEs
Abidjan, Ivory Coast, January 29, 2020/ — The Board of the African Development Bank on Wednesday approved a $22 million Senior Loan to help Egypt’s Corporate Leasing Company (Corplease) expand its operations in the North African country.
Ghana-India Bilateral Trade to Hit $5 Billion by the Close of 2020
Accra, Ghana, January 28, 2020//-Bilateral trade between India and Ghana is expected to hit $5 billion by the close of 2020, according to senior government officials.