Category: Investing

Accra, Ghana//-Ghana’s President John Dramani Mahama has, with immediate effect, cancelled the payment and allocation of fuel allowances to all political appointees as part of his administration’s ongoing efforts to reduce public expenditure.

Abidjan, Ivory Coast// — In the green hills of Rumphi, northern Malawi, the hum of progress can be heard at the newly established Rumphi Technical College. With its modern buildings, new equipment, and a sense of optimism, the college has quickly become a symbol of opportunity.

In the context of high global uncertainty, tighter global financial conditions, and rising borrowing costs, concerns about sub-Saharan Africa’s debt vulnerabilities are mounting.

Algiers, Algeria// — Algeria is working towards increasing its share of trade with other African countries by tapping into opportunities created by the African Continental Free Trade Area (AfCFTA).

But persistent policy uncertainty, geopolitical tensions and signs of slowing global growth pose risks for trade in the second half of the year.

Over the past two years, Nigeria—Africa’s most populous country—has implemented difficult reforms to tackle long-standing obstacles weighing on the economy. While the reforms are starting to show results, poverty and food insecurity remain high, and the uncertain global environment presents additional challenges.

Abuja, Nigeria/ — Building on the successful rollout of its groundbreaking continental payment infrastructure, the Pan-African Payment and Settlement System (PAPSS), in strategic collaboration with Interstellar, a leading African deep-tech company, have announced the launch of the PAPSS African Currency Marketplace (PACM).

Addis Ababa, Ethiopia// — The Government of Ethiopia and the World Bank have signed a Financing Agreement amounting to USD 1 billion under the Second Sustainable and Inclusive Growth Development Policy Operation (DPO) in a grant and concessional loan.

Abu Dhabi, UAE/ Ningbo–Zhejiang, China//-AD Ports Group (ADX: ADPORTS), a global leader in logistics, industry, and trade facilitation, and Zhejiang Provincial Seaport Investment & Operation Group Co., Ltd.

Accra, Ghana//-India’s  Prime Minister Shri Narendra Modi arrived today in Accra on his State Visit to Ghana. In a special gesture, on arrival at the airport, the Prime Minister was received by the President of Ghana, H.E. John Dramani Mahama and accorded a ceremonial welcome.