Finance Minister Mthuli Ncube recently said that the new Zimbabwe currency will be backed up with fiscal discipline. According to Ncube, the government will allow the new Zimbabwe currency – Real Time Gross Settlement (RTGS) dollar; to fluctuate but would …
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Egypt’s open economy progress is commendable says Germany. This is according to Thomas Bareiß; German’s parliamentary state secretary at the Federal Ministry for Economic Affairs and Energy @ BMWi bund.
To further strengthen mutual links …
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Uganda is planning to use mobile money platforms to sell government securities to its citizens. The government said the mobile money platform will help reduce the dependence on commercial banks and institutional investors for funding.
The Ugandan government also believes the …
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On Monday, 04 January 2019, Zimbabwe’s mines minister Winston Chitando said, soon introduction of monetary policy tools will help address foreign currency shortage affecting mining companies.
Lack of funds in the economy, has hurt mining companies including the …
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Rwanda, the landlocked East African country recently held a Trade Facilitation and Manufacturing forum in Kigali. At the forum, Rwandan top officials stressed on the need for deeper African partnership especially between its fellow East African neighbours. The Forum served …
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President of the Lagos Chamber of Commerce and Industry (LCCI), Mr. Babatunde Ruwase, said Nigeria economy is in need of private investments. These investments will help create jobs, diversify the economy and also improve the welfare of the country’s inhabitants.
He …
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The Rwandan government and Alibaba Group, a leading international online commerce company; have signed three (3) Memoranda of Understanding (MoU) to help boost the country’s economy.
Under the agreement, Alibaba have also established an electronic …
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To support four broad areas of Ghana’s economy, Germany has announced a grant of €86.5 million. The approval for the grant came after a bilateral negotiations in Accra last week.
The grant will support reforms and …
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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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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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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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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 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$20 million from African …
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Bank of Ghana committee on monetary policies met on the 19th of January 2018 for its quarterly meetings to review Ghana’s economy. The meeting which is the first for this year will be concluded …
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According to World Bank 2018 reports, it has been confirmed that Nigeria have moved from 169th to 145th in the world’s ease of doing business ranking.
Other countries who also improved their business environment through numerous reforms includes; El Salvador, India, Malawi, …
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In a bid to revamp its ports, Gabon have commissioned a new port harbor which is estimated to have cost US$ 300 million.
The port which took about 18 months to complete and was constructed in partnership with a Singapore company Olam …
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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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Economic growth in South Africa looks set to remain behind the rate of population growth for four years ending in 2018, ensuring that more people will be poor. As things stand 40 percent of South Africans are chronically poor and a further 40 percent are what economists call the temporally …
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