Category: Investing

Accra, Ghana//-Fitch, a leading international ratings agency, has downgraded Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-‘ from ‘B’ with a negative outlook.

Accra, Ghana//- Key figures from the world of trade, including entrepreneurs, financiers, business leaders, governments and regulators will ‘storm’ the commercial city of Abidjan,  Côte d’Ivoire for the Intra-African Trade Fair (IATF2023).

The COVID-19 shock demonstrated the power of policy. The quick rebound of investment in Europe (excluding in Ireland, where real investment is lagging behind) shows that public support was crucial in softening the impact of the economic shock on firms and households.

Sao Paulo, Brazil//— IFC, a member of the World Bank Group, is providing a $40 million financing package to Omni S.A Crédito, Financiamento e Investimento to support self-employed truck drivers, micro-entrepreneurs in underserved areas of Brazil, low-income immigrants, and refugees.

Washington D.C., United States of America// — Rwanda’s economy has rebounded strongly in 2021, and the recovery is expected to continue in 2022, supported by strengthened vaccination efforts, a pickup in external demand, and accommodative macroeconomic policies, according to International Monetary Fund (IMF).

Washington, U.S//—Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the World Bank’s latest Global Economic Prospects report.

New African editor Anver Versi welcomes readers once again to our annual celebration of the brightest and best Africans of the last year.

The Ghana Federation of Labour (GFL) and the Ghana Union of Traders Associations (GUTA) have commended President Nana Addo Dankwa Akufo-Addo for directing the Customs Division of the Ghana Revenue Authority (GRA) to suspend the implementation of the reversal of discount on the benchmark value policy to pave the way for broader consultations with stakeholders.

Beijing, China//- State Councilor and Foreign Minister Wang Yi and Kenyan Cabinet Secretary for Foreign Affairs Raychelle Awuor Omamo jointly met the press in Mombasa, Kenya refuted the allegation that China’s cooperation with Africa has created a “debt trap”.

Eastern Region, Ghana//-The Chief of Ati-Amanfrom in the Eastern Region of Ghana, Barima Ati Awuah Kwaako, has called for enhanced unity and progressive development in the community this year.