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 Africa presents many challenges to doing business, but to those who are willing to learn and understand the intricacy of the Continent many benefits await www.africaglobalvillage.com

Africa Business Ghana West Africa World 

Ghana to offer Volkswagen, Nissan 10-year tax break

Village Reporter, , , , , ,
Ghana wants to offer car making companies Volkswagen and Nissan tax breaks of up to 10 years. The move according to the government is intended to attract such automakers to the West African economy. Setting up local manufacturing plants in Ghana, according to the government should grow its economy and create jobs. Last year German car-maker, Volkswagen announced plans to… Read More
Africa Business Ghana West Africa World 

Ghana revokes licenses of 23 financial institutions

Village Reporter, , , , , ,
Ghana’s central bank has revoked the licenses of twenty-three (23) financial institutions mostly savings and loans companies. The Bank of Ghana in a statement on Friday said the financial institutions were insolvent and unable to operate properly. The revocation of the licences of the 23 institutions, according to the central bank had to be executed after the institutions failed to… Read More
Development Health Advice 

Thursday’s Daily Brief: Harrowing terrorist survivors’ stories, children first in Mediterranean rescues, Yemen and Switzerland updates, new SDG Advocates speak out

Global Author
First-hand accounts of Boko Haram terrorism survivors To mark the International Day of Remembrance of and Tribute to the Victims of Terrorism, on 21 August, UN News travelled to Chad and the Far North region of Cameroon in West Africa earlier this year, to interview people who have personal stories to tell, about how terrorism has shattered their lives. Hawa Abdu shared her experience in… Read More
Development Health Advice 

Wednesday’s Daily Brief: Help for Venezuelans, Burundi Ebola vaccine drive, Paraguay poison probe urged, talking disarmament in Geneva, Libya violence down

Global Author
Humanitarian assistance to be scaled-up for millions of Venezuelans in need The United Nations humanitarian wing launched a new Response Plan (HRP) on Wednesday, that aims to help around 2.6 million people in Venezuela through to the end of the year, almost half of whom are youth.   Noting that the plan “only represents a limited number of all people in… Read More
Africa Business Southern Africa World Zimbabwe 

Zimbabwe secures $108 mln to fix power crisis

Village Reporter, , , , , ,
Zimbabwe’s government said it has secured combined loans of $108 million from the Export-Import Bank of China and Export-Import Bank of India to fix its power crisis. The state-run Herald newspaper reports that the government concluded the loan agreements in the last few months. The loans according to government officials should significantly help to the country’s power generation projects and… Read More
Africa Business Nigeria News and Headlines South Africa Southern Africa West Africa World 

Nigeria: SA’s Shoprite shuts down after students protest

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A branch of South Africa’s grocery chain, Shoprite has been forced to shutdown after protests by students in Ogun State. The students, all members of the National Association of Nigerian Students on Saturday picketed at the shopping mall. They were agitating over what they described as “unrestrained xenophobic attacks on Nigerians in South Africa.” The students carried placards with inscriptions:… Read More
Africa Business World 

Disgraced US millionaire, Epstein commits suicide

Village Reporter, , ,
Wealthy financier Jeffrey Epstein has been found dead in his prison cell while awaiting trial on sex trafficking charges, US media report. His body was discovered at 07:30 local time (11:30 GMT) on Saturday at the facility in New York. The circumstances of his death are unclear. He was reportedly on suicide watch following an earlier incident. Epstein, 66, had… Read More
Africa Business East Africa Rwanda World 

Rwanda to host global business forum on AfCFTA

Village Reporter, , , , ,
Rwanda is set to host a major investment forum on August 9 with focus being placed on the Africa Continental Free Trade Area (AfCFTA) and how to attract Foreign Direct Investments. The forum is dubbed the Golden Business Forum and is set to host over 600 investors and delegates from across the world. Set to take place at Rwanda’s Radisson… Read More
Africa Business Ghana Ivory Coast World 

Why Ghana wants to raise cocoa farmers’ prices by 5.2%

Village Reporter, , , , , ,
Ghanaian officials have signaled their intentions to raise cocoa farmgate prices by 5.2% for the 2019/20 season. According Reuters sources at Ghana’s agency coordinating the sector, Cocobod and its marketing arm Cocoa Marketing Company (CMC) this will be the first increase in four years. The farmgate price will rise to $1,523.81 (8,000 Ghanaian cedis) per tonne in the next season… Read More
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