Lagos, Nigeria-// The Italian development finance institution Cassa Depositi e Prestiti SpA (CDP) has agreed a debut 100 million euro loan for Africa Finance Corporation (AFC), the leading infrastructure solutions provider on the African continent, to facilitate investments in renewable power, energy efficient projects and climate-resilient infrastructure.
Category: Investing
How is the War in Ukraine Impacting Nigeria’s Banks?
Ratings agency S&P argues that Nigerian banks have minimal exposure to Russia and Ukraine, but will the war impact on their profitability? Nigeria’s obsession with oil is well documented. Oil and gas exports still account for 90% of the country’s foreign exchange earnings, so the economy has generally enjoyed stronger growth when oil prices are […]
Why September is Usually Grim for Stocks, but Focus on Fundamentals
London, UK//-September is traditionally the worst month of the year for stock markets – but this year could be different, says the CEO and founder of one of the world’s largest independent financial advisory, asset management and fintech organisations.
A Messy World Casts its Shadow Over TICAD 8
In Tunisia, Japan attempted to portray itself as partner with an alternative approach to loan-heavy China, but amid global economic dislocation, a reset may have a limited impact. It was a strange weekend in Tunis.
Congresswoman Barbara Lee Leads Delegation to Ghana to Reaffirm Strong Partnership
Accra, Ghana//– A United States Congressional Delegation led by Chairwoman Barbara Lee visited Ghana from August 25-27, 2022.
U.S.-China Reaching Deal in Dispute is ‘Wake-up’ Call for Investors
Washington, U.S//-U.S.-China trade relations have just been given a significant boost and this should act as a “monumentally loud” wake-up call for investors, affirms the CEO of one of the world’s largest independent financial advisory, asset management and fintech organizations.
Ghana: Customs Boss Fired by President Akufo-Addo
Accra, Ghana//-President Nana Addo Dankwa Akufo-Addo has ordered the Commissioner of the Customs Division of the Ghana Revenue Authority, Colonel Kwadwo Damoah to hand over his duties, effective Friday, August 26, 2022.
IMF Boss: ‘We’re Ready to Help Stabilise Ghana’s Economy’, But Analysts Doubt
The Chair and Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, says her outfit is willing to assist Ghana to put the country’s economy on a better footing.
Macron in Africa: A Cynical Twist to Repair the Colonial Past While Keeping a Tight Grip
French President Emmanuel Macron (L) and Guinea-Bissau’s President Umaro Sissoco Embalo (R) during Macron’s visit in July 2022. Photo by Ludovic Marin/AFP via Getty Images Frank Gerits, Utrecht University In late July 2022 French president Emmanuel Macron concluded a tour of Cameroon, Benin and Guinea-Bissau. And he visits Algeria between 25 and 27 August.
New Economics Books Tackle China, Wheat, Equality, and the Dollar
Amid war and inflation, debt and fragmentation, now may be a better time than ever to step back and consider the bigger and more enduring questions of lives and livelihoods.