Dr. Kwegyir Aggrey "Only the best is good enough for Africa."
Kwame Nkrumah "The independence of Ghana is meaningless unless it is linked up with the total liberation of Africa."
Located at the mouth of the red sea, sits along the Gulf of Aden – one of the world’s busiest shipping routes. However, it has a population of less than one million, and several other African nations have a head start. South Africa, Kenya, Tanzania and Mozambique already have much larger, busier ports. Despite this, […]
by GEORGE OBULUTSA The proportion of Kenya’s population with access to formal financial services rose to 83 percent from 75 percent in 2016, driven largely by mobile technology, a survey partly conducted by the central bank showed on Wednesday. The East African nation is one of the world’s leaders in mobile money services, after telecoms […]
by YINKA AWOSANYA In 2018, a total of $25.08 billion was remitted by Nigerians in diaspora into the country, PricewaterhouseCoopers (PwC) estimates. This represents about 14% increase from 2017 and 83% of the federal government’s 2018 budget in value. This is almost $3 billion higher than the World Bank’s previous estimate which, at $22 billion, […]
EKOW DONTOH Ghana is in talks with lenders for $300 million in loans to support the country’s loss-making cocoa regulator. Ghana Cocoa Board, which oversees sales and purchases in the world’s second-biggest grower of the chocolate-ingredient, needs 1.1 billion cedis ($223 million) to meet its commitments for the annual season through September, according to a […]
by Richard Partington Concerns over Chinese growth could spell problems for Africa and other parts of the developing world. Beijing funded an overseas investment boom in the past few decades as it strove to become the world’s second largest economic superpower, while also buying vast amounts of the natural resources produced by emerging nations. The […]
by Allan Olingo Concerns over Chinese growth Chinese technology giants Huawei and Zhongxing Telecommunications Equipment Corporation (ZTE) have established their presence on the continent and become the foundation of Africa’s telecom infrastructure. And they are not slowing down, despite the US placing restrictions on investment by the two firms, and roping in its allies in […]
Mining companies have invested at least $5bn towards gold exploration in West Africa in the past decade but significant reserves are underexploited, mineral industry experts say. Delegates at the Ecomof mining and petroleum forum in the Ivory Coast commercial capital Abidjan were told that more must be done to attract international investors to develop mining […]
The effects of the trade war between the US and China have spilled over into East Africa as Beijing starts looking to the region as one of its alternative soybean sources. China’s interest has caused a soybean shortage and an increase in prices, with processing companies like African Improved Foods (AIF) in Rwanda, which import […]
Ethiopia has overtaken Dubai as a conduit for long-haul passengers to Africa, highlighting the success of the state airline’s expansion drive and the reforms of its new prime minister. Travel consultancy ForwardKeys said on Wednesday Addis Ababa airport had increased the number of international transfer passengers to sub-Saharan Africa for five years in a row, […]
by EMMA OKONJI Despite experiencing an overall market slowdown, countries across the continent are reported to have a positive economic outlook. Countries in the East African region are projected to grow by 6.3% due to inflows, with remittances serving as a key economic driver for most countries across all regions. The third quarter 2018 report […]