Masdar, a United Arab Emirates state-owned renewable energy company, has announced a 10GW growth plan for the African continent, which is set to unlock energy transition in six Sub-Saharan nations. Abu Dhabi Future Energy Company…
Ghana Is Best Place to Invest in Africa…
Vice President Dr. Mahamudu Bawumia has explained to a group of Canadian investors why Ghana is the best investment destination in Africa for both local and foreign investors. According to Dr. Bawumia, not only do…
Zimbabwe Raises Fuel Prices Again
Zimbabwe hiked fuel prices on Monday for the second time in a week but most pumps remained dry, with no end in sight to shortages that are helping drive inflation rapidly higher and which have…
“We Believe the Zim Economic Situation Will Continue…
NKC Research has projected that the Zimbabwe economy will continue deteriorating in 2019 considering the shortages of basic goods and the lack of foreign exchange. Economist at NKC African Economics, Jee-A van der Linde, said:…
Canal+ Acquires Nollywood Studio ROK Studios From IROKOtv…
French television company Canal+ has acquired ROK Studios from video-on-demand company IROKOtv for an undisclosed amount. Founded by Jason Njoku in 2010 — and backed by $45 million in VC — IROKOtv boasts the largest…
Ghana Lauds France for Technical and Economic Support
Ghana has applauded France for its continued technical and economic support in the areas of defense, agriculture, health and education, energy and public sector reforms. Mrs. Cynthia Morrison, Minister of Gender, Children and Social Protection,…
Zimbabwe Dollar Drops by 27.9% Against the US…
The Zimbabwe dollar has reportedly been of a downward trend since its introduction through Statutory Instrument 142 of 2019 in June. The SI also scrapped the multicurrency regime that had existed since 2009 following the…
Zimbabwe Inflation Soars to 175 Percent
Zimbabwe’s official inflation skyrocketed to 175 percent in June, according to official data released in Harare, the capital, on Monday, sparking concerns that the former southern African breadbasket could collapse economically. "The year-on-year inflation rate…
Former Mozambique Finance Minister’s Extradition From SA Halted
The extradition of former Mozambique finance minister Manuel Chang has been halted after it emerged that Chang enjoys double immunity under Mozambican law. Minister of Justice and Correctional Services Ronald Lamola announced in a statement…
Ghana Is Now the Fastest-Growing Mobile Money Market…
In the past few years, the unprecedented growth of mobile financial services in sub-Saharan Africa has defied all expectations. While Kenya is often cited as a leading example of digital transformation, Ghana has recently become…
Ghana, Malta to Deepen Trade, Investment Cooperation
The Ghana Investment Promotion Centre (GIPC) has signed a Memorandum of Understanding (MoU) with Malta Enterprise, Malta's economic development agency, tasked with attracting new foreign direct investment as well as facilitating the growth of existing…
Zimbabwe requires at least US$14m per month to…
Zimbabwe requires at least US$14m a month to meet its 600MW power deficit, acting chief executive officer of the country's power utility Patrick Chivaura said Monday. Zimbabwean president Emmerson Mnangagwa has since engaged his South…
Naspers, Africa’s biggest listed company, upends 100 years…
A little more than 100 years ago, Naspers Ltd. was created by white South Africans to produce a Dutch-language newspaper. Now the continent’s biggest company, Naspers just named its first woman, and first black person,…
Ghana Gets $200m World Bank Support
Ghana has received $200 million from the World Bank to help transform and diversify its economy through the promotion of private investment and robust growth in its non-resource base sectors. The fund, to be administered…
Jealousy behind US-China trade ‘war’ – Ramaphosa
South African President Cyril Ramaphosa said on Friday that South Africa cannot allow its economy to be held back by the U.S.-China trade war, which he said was born out of jealousy. Speaking at the…
Biti Warns African Countries That They Face a…
Former Finance Minister and current MDC vice president Tendai Biti has warned African countries that debt owed by African countries is ballooning and come 2024, most countries will default. Biti was speaking at an OSISA-organised…
UK-Ghana Business Council Regional Forum Starts Tomorrow
The British High Commission and the Kumasi Metropolitan Assembly (KMA) under the framework of the UK- Ghana Business Council meeting will jointly host the first regional forum in Kumasi to build a shared understanding of…
Full List: Forbes Africa 30 Under 30
Here is the full list of The Forbes Africa 30 Under 30. BUSINESS - Bruce Diale, 29, South Africa, Founder & Managing Director of Brucol Global Development - Terence Mathe, 29, Zimbabwe, Co-Founder of Southern…
West African Nations Adopt Single Currency Called ‘Eco’
ECOWAS, the economic community for West african nations have adopted a single currency named eco, which it plans to launch by 2020. Eco was adopted on Saturday in Abuja in a meeting of the 15…
