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Ghana Aims For Safer Skies With New Aviation Laws

Ghana Aims For Safer Skies With New Aviation Laws

Ghana recently spent $275 million expanding and modernising Kotoka International Airport located in the capital city, Accra. This is part of its plan to attract eight million tourists annually by 2027. A significant increase from the 1.2 million people who visited the country in 2015. Given that most of these tourists will arrive in the country by air, attracting […]

A New Cold War

A New Cold War

Last week, the 12th US-Africa Business Summit, a high-level event attended by 11 African heads of state and government and some 1,000 business leaders, was held in Maputo, Mozambique. During the three-day event, US officials unveiled a USD 60 billion investment agency which will seek to invest in low and middle-income countries, with a special […]

Mozambique To Launch The Largest Fisheries Company In The Country

Mozambique To Launch The Largest Fisheries Company In The Country

The largest fishing and aquaculture project in Mozambique, with an investment of around 100 million US dollars, is nearing its conclusion in the town of Moma, on the coast of the northern province of Nampula. The undertaking, visited on Tuesday by Nampula provincial governor Victor Borges, claims that it will provide jobs for around 2,000 […]

Tobacco Farmers Earn Us$4,6m

Tobacco Farmers Earn Us$4,6m

Farmers have earned US$4,6 million from the sale of flue-cured tobacco since the opening of the 2019 marketing season two weeks ago. The growers have sold 2,6 million kilogrammes at the auction and contract floors. Tobacco Industry and Marketing Board’s latest statistics indicate that the bulk of the crop has been sold through the contract […]

Chinese Investors Plan $10 bln Metallurgical Complex In South Africa

Chinese Investors Plan $10 bln Metallurgical Complex In South Africa

Chinese investors signed agreements to build a $10 billion metallurgical complex in South Africa during President Xi Jinping’s state visit this week and hope to start construction next year, an executive involved in the project and a provincial official told Reuters. South Africa’s President Cyril Ramaphosa said at a joint news conference with Xi on […]

IMF says Cameroon’s Economic Growth To Rise To 4 Percent in 2018

IMF says Cameroon’s Economic Growth To Rise To 4 Percent in 2018

Cameroon’s economy is expected to grow 4 percent this year, up from 3.2 percent in 2017 due to the start of natural gas production and construction work for an upcoming soccer tournament, the International Monetary Fund (IMF) said.   Growth was slower in 20 17 because of a sharp decline in oil output but new […]

World Bank Invests $10.7bn In Nigeria

World Bank Invests $10.7bn In Nigeria

WORLD Bank Group has invested about $10.734 billion in projects and programmes in Nigeria. The bank’s delegation of 10 executive directors which visited the country last week, said it was excited with the economy’s return to growth and pledged more collaboration to accelerate the growth rate. The breakdown of the bank’s total investment showed that […]

Entertainment Sector Holds Prospects For $1bn GDP Growth By 2020

Entertainment Sector Holds Prospects For $1bn GDP Growth By 2020

The Federal Government, through its Economic Recovery and Growth Plan (ERGP), has begun exploiting the entertainment and creative industry to milk at least $1 billion by the end of 2020. The target aligns with government’s policy which seeks to discourage over-dependence on oil earnings, especially with the entertainment and creative sectors reported to have contributed […]

Let’s Teach Women To Maximise Natural Resources For Financial Growth

Let’s Teach Women To Maximise Natural Resources For Financial Growth

This contribution draws on time spent interviewing, walking with villagers and witnessing the eroding base of women’s security and empowerment in rural and informal sectors in some African countries, a trend that has heightened in the last decade. The countries in question share some common features: a colonial legacy of peoples displaced from their ancestral […]

Dangote Canvasses Expansion Of Non-Oil Sector

Dangote Canvasses Expansion Of Non-Oil Sector

The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has stressed the need for Nigeria to diversify her economy by expanding its non-oil sector. Speaking as special guest at the third edition of the Kaduna Economic Investment Summit (KADINVEST) in Kaduna, Dangote said: “Given the capricious nature of crude oil prices, Nigeria must […]

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