SOUTH AFRICA SECURES US$35bn INVESTMENT COMMITMENT

SOUTH AFRICA SECURES US$35bn INVESTMENT COMMITMENT

South Africa have acquired US$35 billion out of the US$100 billion it needs for reviving its economy.

South Africa have received investment pledges of about US$35 billion as part of its plans to attract US$100 billion. The US$100 billion is for reviving the country’s economy.

The South Africa president Cyril …

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GHANA’S OIL PROCEEDS EXCEED COCOA FOR THE FIRST TIME

GHANA’S OIL PROCEEDS EXCEED COCOA FOR THE FIRST TIME

Ghana’s earnings from oil exports exceeds that of cocoa for the first time.

According to current figures from Ghana’s central bank, revenue from oil have surpassed revenue from cocoa for the first time. Since January this year the country have made more money from the Oil sector than the Cocoa …

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NIGERIA EXPLORE WAYS TO STREGTNEN TIES WITH GERMANY

NIGERIA EXPLORE WAYS TO STREGTNEN TIES WITH GERMANY

Nigeria explore opportunities to strengthen economic ties with Germany 

The Delegation of German Industry and Commerce (DGIC) in Nigeria is collaborating with Nigeria-German Business Association (NGBA) and also the German-African Business Association (Afrika-Verein der Deutschen Wirtschaft) to explore new investment opportunities that will help strengthen economic ties between Nigeria and …

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ETHIOPIA TO BECOME AFRICA’S FASTEST GROWING ECONOMY

ETHIOPIA TO BECOME AFRICA’S FASTEST GROWING ECONOMY

Ethiopia to become 2018 Africa’s fastest growing economy.

Latest IMF forecasts reveals that Ethiopia will overtake Ghana as the fastest growing economy in 2018. Bretton Woods institution data shows that Ethiopia will record an 8.5 percent growth rate. This will eventually surpass Ghana’s 6.3 percent growth rate.

According IMF, entry …

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WEMA BANK SECURES US$35m CREDIT TO FUND SMEs

WEMA BANK SECURES US$35m CREDIT TO FUND SMEs

Wema Bank gets US$35m Line of Credit to support SMEs.

Wema Bank Plc have secured a line of credit (LOC) from international lenders. The LOC is specifically to grow  financial support for small and medium scale enterprises (SMEs) in Nigeria.

The bank received US$15 million and US$20 million from African …

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MONETARY POLICY COMMITTEE MEETS TO REVIEW GHANA’S ECONOMY

MONETARY POLICY COMMITTEE MEETS TO REVIEW GHANA’S ECONOMY

Quarterly meeting held by Ghana’s Central Bank’s Committee on Monetary Policies to review the country’s economy.

Bank of Ghana committee on monetary policies met on the 19th of January 2018 for its quarterly meetings to review Ghana’s economy. The meeting which is the first for this year will be concluded …

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Nigeria moves up 24 points in world’s ease of doing business ranking

Nigeria moves up 24 points in world’s ease of doing business ranking

Nigeria moves up in World Bank Business ranking

According to World Bank 2018 reports, it has been confirmed that Nigeria have moved from 169th to 145th in the world’s ease of doing business ranking.

Other countries who also improved their business environment through numerous reforms includes;  El Salvador, India, Malawi, …

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Ghana to Inject GH1bn Into Free Senior High School Education

Ghana to Inject GH1bn Into Free Senior High School Education

Ghana’s Vice President, Dr. Mahamudu Bawumia while Speaking at his hometown in Tamale in the Northern Region of Ghana disclosed that thecountry will allocate GH1 billion to sustain the free Senior High School (SHS) programme in its 2018 budget.

Dr. Bawumia said the amount will ensure that more students get …

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