KENYA TO BORROW US$ 4.1 BILLION FOR EXPANSION OF ECONOMY

KENYA TO BORROW US$ 4.1 BILLION FOR EXPANSION OF ECONOMY

Kenyan Lawmakers set to borrow funds but is that the right thing for the nation economy??

Kenyan lawmakers has given the green light for the country to borrow US$4.1 billion (422 billion shillings) from external lenders. This fund will help the nation in term of expanding its economy by increasing …

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GHANA GOVERNMENT TO RELEASE FUND FOR OUTSTANDING ROAD DEBT

GHANA GOVERNMENT TO RELEASE FUND FOR OUTSTANDING ROAD DEBT

Outstanding Road debt set to be paid after fund collaboration between Ministry of Roads and Highways and Ghana Cocoa Board.

Plans are in motion from Ghana Government to release US$1billion to pay debt for road construction. This was announced by the Minister of Roads and Highways, Kwasi Amoako-Attah during a …

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RWANDA GOVT. SIGN DEAL FOR JOB CREATION WITH CHINESE FIRM

RWANDA GOVT. SIGN DEAL FOR JOB CREATION WITH CHINESE FIRM

Pink Mango C&D agree deal with Rwanda Govt. to produce garments for both domestic and export markets.

Job creation is vital for the growth of any nation economy. This is why Rwanda has sign a deal with chinese firm Pink Mango C&D to establish a modern garment factory.

The factory …

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NEW ZIMBABWE CURRENCY TO HAVE FISCAL DISCIPLINE BACKING

NEW ZIMBABWE CURRENCY TO HAVE FISCAL DISCIPLINE BACKING

New Zimbabwe currency to be backed up with fiscal discipline

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 RESULTS IN MORE GERMAN PARTNERSHIP

EGYPT’s OPEN ECONOMY RESULTS IN MORE GERMAN PARTNERSHIP

Germany and Egypt to partner more because of Egypt’s open economy and policies.

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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MOBILE MONEY IN UGANDA TO ATTRACT DEBT INVESTORS

MOBILE MONEY IN UGANDA TO ATTRACT DEBT INVESTORS

Uganda’s mobile money platform will help attract debt investors.

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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ZIMBABWE LOOKS TO ADDRESS FOREIGN CURRENCY SHORTAGE

ZIMBABWE LOOKS TO ADDRESS FOREIGN CURRENCY SHORTAGE

Zimbabwe’s mines minister seeks to address foreign currency shortage in the country.

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 CALLS FOR DEEP AFRICAN PARTNERSHIP TO BOOST CONTINENT’S ECONOMY

RWANDA CALLS FOR DEEP AFRICAN PARTNERSHIP TO BOOST CONTINENT’S ECONOMY

Rwanda calls for African partnership to help boost African economy.

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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NIGERIA ECONOMY IN NEED OF PRIVATE INVESTMENTS – LCCI

NIGERIA ECONOMY IN NEED OF PRIVATE INVESTMENTS – LCCI

LCCI advocates for increased private investments in Nigeria economy.

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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RWANDA AND ALIBABA GROUP SIGN AGREEMENT TO HELP BOOST ECONOMIC DEVELOPMENT

RWANDA AND ALIBABA GROUP SIGN AGREEMENT TO HELP BOOST ECONOMIC DEVELOPMENT

Rwanda and Alibaba sign an electronic world trade platform (eWTP) agreement to help boost economy.

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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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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