Africa Business World 

Investments that Pay Monthly Income in South Africa

Do you have a large sum of money in your bank account, which you do not need for the time being or you have put aside regularly? You can make this money work for you with investing and turn it into a steady monthly income. Benefits of Monthly Income Investments Yes, getting a monthly income from investing sounds great but… Read More
Africa Business Ghana World 

Ghana summit on Africa’s prosperity opens in Accra

African political and business leaders gathered in Ghana’s capital Accra on Thursday for a summit on the continent’s prosperity agenda. Dubbed the “Africa Prosperity Dialogue Series” participants have been discussing how Africa can achieve deeper economic integration between different states. Ghana is the host nation of the AfCFTA (The African Continental Free Trade Area) Secretariat, which is spearheading an agenda… Read More
Africa Business World 

Google’s parent company to lay off 12,000 workers

Google’s parent Alphabet Inc is cutting about 12,000 jobs, or 6% of its workforce, it said in a staff memo Friday, as the technology sector reels from layoffs and companies stake their futures on artificial intelligence (AI). Alphabet’s shares were up nearly 3% in pre-market trading. The cuts come at a delicate moment for the U.S. company, which has long… Read More
Africa Business World 

Opinion: United States and Africa increase engagement on AfCFTA

There was more good news for the successful implementation of the African Continental Free Trade Area (AfCFTA) agreement in December 2022, when a Memorandum of Understanding (MoU) was signed between the United States (US) Trade Representative and the AfCFTA Secretariat at the US-Africa Leaders’ Summit (Summit) in Washington DC. The MoU covers expanded engagement between the two regions and intends… Read More
Africa Business Ghana West Africa World 

Ghana’s trade minister resigns from government

Ghana‘s trade minister, Alan John Kwadwo Kyerematen has resigned from the government, local media has reported on Friday. He is said to have tendered his resignation letter to Ghana’s President Nana Akufo-Addo on Thursday, Jan 5, 2023. Kyerematen has been serving as Ghana’s trade minister since 2017. It is not clear why Kyerematen has resigned but there are reports it… Read More
Africa Business World 

The components and specifics of Forex Trading

Forex Market Overview The foreign exchange market, often known as the Forex market, is the most active financial market in the world. To participate in foreign exchange, you use a broker’s platform where you buy/sell (base currency) a forex currency and simultaneously sell/buy another (quote currency). The price of a pair is the amount of the quoted currency necessary to… Read More
Africa Business Southern Africa Technology World 

Cape Town’s booming tech industry

– – Cape Town, the tech hub of Africa, is full of entrepreneurs, new technologies, and start-ups from many different industries. It is very easy to start up a tech company in this city because of the combination of government and business collaboration, a strong infrastructure, a supportive community and the city’s excellent location. There are currently 22 entrepreneurs incubators… Read More
Africa Business Nigeria News and Headlines West Africa World 

Nigeria releases new bank notes into circulation

– – Nigeria has released its new currency into circulation in the first such redesign in 20 years. It is expected to address insecurity, tackle counterfeiting and force excess cash back into the banking system, the government said. Nigeria’s central bank had said more than 80% of the money in circulation was being hoarded by individuals. It has urged people… Read More
Africa Business Ghana West Africa World 

Ghana cedi makes extraordinary gain in months

– – Ghana’s local currency the cedi has gained more than 12% against the US Dollar to hit its strongest level in two and a half months. This was after the country reached a staff-level agreement over $3 billion with the International Monetary Fund. The currency strengthened to 9.5 to the dollar in a fourth straight session of gains, though… Read More
Africa Business Ghana West Africa World 

Ghana to secure $3 bln IMF loan approval in 2023

– – Ghana expects to secure a $3 billion loan facility from the International Monetary Fund (IMF) by next year, Finance Minister Ken Ofori-Atta said on Tuesday. The West African nation is in serious economic crisis and urgently needs IMF bailout after earlier asserting it won’t turn to the fund for support. It would be the 17th time Ghana is… Read More