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    Ghana’s inflation rate rises again; hits 31.7% in July 2022

    Fitch downgrades Ghana’s credit rating from B- to CCC

    Ghana Mines Workers’ Union threatens industrial action

    Farmerline begins ‘Support a Farmer’ initiative to provide fertilizer to farmers

    Ghana likely to secure US$3 billion from IMF for economic support

    Tax incentive for young entrepreneurs-opportunities and challenges

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    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

    WAPCo commits to cleaner and reliable energy

    Government eyeing GH¢750m with new E-VAT policy

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    National AfCFTA Policy Framework and Action Plan launched to boost trade

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    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

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    Vodafone agrees sell stake in Ghana’s business to Telecel

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    IIPGH to enter coding education partnership with Telecoms Chamber

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    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

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This is the best time to invest in Africa-Obasanjo

bycitibusinessnews
October 20, 2014
in Banking And Finance, Top Stories
Olusegun Obasanjo

Olusegun Obasanjo

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Former president of Nigeria Olusegun Obasanjo has urged investors to take advantage of investment opportunities in Africa now or regret later.

According to him ”those who do not go into the terrain now will be missing an opportunity because they will not have this opportunity again”

The former Nigerian President was speaking at the ongoing Global African Investment Summit in London which he chaired and opened this morning.

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The summit is seeking to direct funds from some of the world’s largest institutional investors into quality projects across the continent, with a focus on Ghana, Rwanda, Tanzania and Uganda, whose Presidents opened the summit this morning at the Savoy hotel in London.

Olusegun Obasanjo promised investors that their investments will have good returns.

He however warned that old negative practices will no longer be tolerated in Africa.

According to him Africa is looking for investments that will create jobs for the youth.

“We want the best technology, cheap funds so as to benefit our citizens, we also want you to source locally”

The former President adds Africa wants reliable partners, structured projects that will be sustainable and by world standards.

By:  Vivian Kai Mensah/citifmonline.com/London,UK

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