Tag: economic growth
Chinese firms urged to explore investment opportunities in NW Zambia
Chinese firms are expected to invest in various economic sectors in Zambia's Northwestern province, the development that will result in enhanced economic growth in...
U.S. Partners outdoor Ghana Learning Radio Program to Improve Reading for all Ghanaian Children
U.S. Ambassador to Ghana Stephanie S. Sullivan has joined forces with Ghana’s Minister of Education, Dr. Matthew Opoku Prempeh, to launch the Ghana...
Multi-purpose Pwalugu Dam: Govt promises compensation for farmers, home owners
Volta River Authority, VRA has disclosed that over 400 structures will be affected by the construction of the Pwalugu Multipurpose Dam project in both...
Chinese firms join Zambian transport industry for economic growth
Zambia is a landlocked country in Africa and the logistic and transport industry is receiving the most investment to meet the high demand for...
Gambari COS for Buhari: Right Man at Right Time for Nigeria
President Muhammadu Buhari has unexpectedly chosen an exceptional new Chief of Staff (COS), Professor Ibrahim Gambari, (his friends call him “Prof”), to replace the...
Ghana’s projected growth to slip from 6 to about 2 percent
Ghana’s projected economic growth this year will slow from the initial 6 percent to about 2 percent, Mr Kojo Oppong-Nkrumah, the Minister of Information...
Ethiopian PM Abiy Ahmed: Debt Cancellation for the World to Survive
May 1, 2020
Ethiopian Prime Minister, Abiy Ahmed, has made an audacious salient call for debt cancellation for low income countries. It was published in...
Former Nigerian state governor calls for interest rates cut to spur economic growth
A former state governor of Nigeria has urged financial authorities of the country to lower the interest rates with a view to boosting domestic...
Sub-Saharan Africa steps up efforts to boost local food & beverage manufacturing
Countries across sub-Saharan Africa are actively seeking to reduce their dependence on food imports and grow local manufacturing, pointing to future demand for food...
International Cooperation and Collaboration Needed to Save Lives in Africa From COVID-19
April 26, 2020
While the current number of total cases of COVID-19 in Africa is comparatively low, the potential for mass deaths across the continent...
Egypt tries to balance between fighting coronavirus, maintaining economy
by Mahmoud Fouly
The Egyptian government is trying to strike a balance between implementing precautionary measures to fight COVID-19 pandemic and gradually...
Namibia spent US$5.3 billion over 30 years to stimulate economy
Namibia has spent in excess of 90 billion Namibian dollars (about 5.3 billion U.S. dollars) in the past 30 years in developmental budgets to...
UN regional arm urged to increase spending on managing COVID-19 pandemic
According to a new report by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) novel coronavirus (COVID-19)...
Bank of Ghana lowers policy rate to 14.5 percent over coronavirus outbreak
Bank of Ghana has cut its policy rate by 150 basis points to 14.5 percent over fears the coronavirus outbreak could slowdown economic growth...
GEPA calls for public-private partnership to boost straw cultivation
The Ghana Export Promotion Authority (GEPA) has called for public-private investment in the cultivation of straw to make it readily available to basket weavers...
International community confident about long-term sound economic growth of China
China has the capability to triumph over the challenges amid the novel coronavirus (COVID-19) epidemic, said former foreign dignitaries, international experts and scholars, as...
Governments, international organizations move to mitigate economic impact amid rising COVID-19 cases
As more confirmed cases of COVID-19 and fatalities from this contagious disease have been reported worldwide, many countries and international organizations are taking actions...
Wall Street tumbles despite Fed’s interest-rate cut
U.S. equities closed sharply lower on Tuesday as concerns of slower economic growth persist, despite the Federal Reserve's emergency interest-rate cut.
The...
Stable electricity supply holds key to South Africa’s economic growth
A stable supply of electricity will be the number one task for the South African government, Finance Minister Tito Mboweni said on Wednesday, amid...
Saudi Arabia expects economic growth backed by non-oil revenues
Saudi Arabia's economy is expected to grow, backed by its non-oil revenues, governor of Saudi Arabian Monetary Authority said on Saturday.
Ahmed...
GSE expects more listings to boost bourse performance
The Ghana Stock Exchange (GSE) on Friday said it expects more listings in equities and bonds to boost liquidity and enhance the performance...
WAITEX launched in Accra
The 2020 organisers and partners behind the Inaugural West African Industrial Trade Exhibition (WAITEX) has been launched.
As a forum for trading, business networking, learning...
Zambia still faces challenges in bolstering economic growth
Despite the Zambian economy showing some signs of recovery after the 2019 economic woes, the country still faces challenges in boosting and sustaining economic...
Veep officially unveils Absa Ghana Limited in Accra
Vice President Dr Mahamudu Bawumia on Monday officially unveiled Absa Ghana Limited, formerly Barclays Ghana Limited at a colourful ceremony in Accra.
Dr Bawumia...
Launch of multi-million USD initiative to benefit African women
African leaders are putting women at the front of efforts to drive the continent's economic growth through the launch of a women-empowerment initiative, dubbed...
Over 160 applicants selected for 2020 KIC Agritech challenge
Over 160 applicants have been selected to join this year’s Kosmos Innovation Center (KIC) AgriTech Challenge out of the total number of 675 applications...
China Has Embraced Africa’s Development; The US Has Not
January 16, 2020
It is as clear as day and night, the difference between China’s approach to Africa and that of the United States. There...
Let’s join hands for the success of Ghana Beyond Aid
President Nana Addo Dankwa Akufo-Addo has rallied Ghanaians to support the enterprise to have a Ghana Beyond Aid, collaborate with the Government to define...
Kenya’s Q3 economic growth slows
Kenya's economy was subdued in the third quarter of 2019 (July-September), growing by 5.1 percent, down from 6.4 percent growth recorded during the...
Ghana’s economic growth dips 4th straight time
Economic growth in Ghana dipped 1.8 percentage points to 5.6 percent in the third quarter (Q3) of 2019, compared with the 7.4 percent recorded...