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Tag: Business

Africa Business West Africa World 

Sierra Leone: New customary land laws giving more to rural landowners

Elwin Mandowa, , , , , , ,
A $476 million investment into Sierra Leone’s iron-ore-rich Northern Province offers new hope that rural communities will reap the rewards of the region’s considerable mineral deposits. The challenge for this West African nation has always been striking a win-win-win deal where investors, local communities, and the central government profit. Under the new deal, Arise Integrated Industrial Platforms Limited (Arise IIP)… Read More
Africa Business World 

Energy transition policies and regulatory developments light up across Africa

Elwin Mandowa, , , , , ,
Energy transition is a key topic of discussion at the African Mining Indaba, in Cape Town, South Africa. Across the continent, countries in Africa are gearing up for energy transition by implementing policy and legislative frameworks that take into account the energy crisis and the need for a renewable, decarbonized, decentralized energy supply that addresses climate change and the commitments… Read More
Africa Business Nigeria News and Headlines West Africa World 

Nigeria: Court halts deadline to swap banknotes amid chaotic scenes

Elwin Mandowa, , , , , , ,
Nigeria’s Supreme Court has halted the government’s plan to enforce a Friday deadline for citizens to swap old banknotes for new ones. The government had expected Nigerians to turn in old 1,000, 500 and 200 naira banknotes in exchange for newly designed notes by Friday. The central bank wanted the initiative to curb cash in circulation and control double-digit inflation.… Read More
Africa Business China Ghana West Africa World 

Ghana seeks China’s support to restructure its debt

Elwin Mandowa, , , , , , , , , ,
Ghana is seeking China to join its ongoing external debt restructuring efforts as it pushes for an IMF bailout this year. China is leading creditor to Ghana and other African countries. For Ghana to secure an IMF deal this year, it would have to restructure its debt levels. Ghana’s debt levels are unsustainable and has to be brought to a… Read More
Africa Business Nigeria News and Headlines West Africa World 

Nigeria’s President to deal with cash crunch ahead of exchange deadline

Elwin Mandowa, , , , , , , 1 Comment
Nigeria’s President Muhammadu Buhari has promised to deal with the cash crunch the country is experiencing currently. The crisis has caused chaotic scenes in parts of the West African country which is expected to hold elections this month. Nigerians are trying to get their hands on new naira notes ahead of a February 10 deadline. The old notes which will… Read More
Africa Business World 

Investments that Pay Monthly Income in South Africa

Elwin Mandowa, , , , ,
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

Elwin Mandowa, , , , , , , ,
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

Elwin Mandowa, , , , , ,
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

Elwin Mandowa, , , , , , ,
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

Elwin Mandowa, , , , , , , ,
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