Category: Africa
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Citi Business Festival: 10 tips to building resilient SMEs
How can the ordinary Small and Medium Enterprises (SMEs) operating in Ghana possess the ability to withstand the shocks in the business climate? That was the focus of the second forum of the 2023 edition of the Citi Business Festival organised by Citi TV/Citi FM. It was on the topic “Building Resilient SMEs”. Four renowned…
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WTO Chief urges African governments to increase trade, agric investment
The Director-General of the World Trade Organization (WTO), Dr Ngozi Okonjo-Iweala, has called on African countries to create trading opportunities and increase investment in agriculture to address food security in Africa. In a speech read on her behalf at the 8th Africa Agribusiness and Science Week (AASW8) in Durban, Dr Okonjo-Iweala noted that one-fifth of…
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BoG pushes for improvement in IMF’s lending framework to boost continent’s access to resources
The Bank of Ghana is advocating an upgrade in the lending framework of the International Monetary Fund. This, according to the Governor of the Central Bank, Dr. Ernest Addison, will go a long way to help boost African countries’ access to the Fund’s resources. Addressing the 2023 Africa Consultative Group meeting in Washington DC, Governor…
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Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations
The South African High Commissioner to Ghana, Her Excellency Grace Jeanet Mason is urging businesses in Ghana and South Africa to leverage on the African Continental Free Trade Area (AfCFTA) to bolster bilateral and economic relations. She explains that the trade volume between the two countries is about 6 million US Dollars. This she believes…
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Medical devices market projected to expand by $ 7.1 billion by close of year
The Federation of Africa Medical Equipment, Disposal and Devices is projecting that the medical devices market will expand by $ 7.1 billion by close of 2023. The Federation attributes the projection to the growing population of the African continent. Speaking at the India-Ghana Pharma Business Summit in Accra, the Chief Executive Officer of the Federation…
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African Union adopts Africa Prosperity Dialogues AfCFTA action plan
Heads of state of the Africa Union (AU) have adopted the Action Compact of the Africa Prosperity Dialogues (APD) in Ghana last January. The APD creates an annual platform for Africa’s private sector to network with public officials on the implementation of the Africa Continental Free Trade Area (AfCFTA), which aims to create a single…
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Third World Network Africa urges Africans to be strategic about AfCFTA
Third World Network Africa, a research and advocacy organization is urging African leaders to develop strategies that will move the continent away from the challenges that confront it by leveraging on the African Continental Free Trade Area. The advocacy group explains that the lack of political will to execute the already discussed policies has delayed…
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$130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia
Vice president Dr. Mahamudu Bawumia has disclosed that Africa will need between US$130 billion and US$170 billion annually to propel a sustainable growth of 5 percent in order to bridge the infrastructural shortfalls of the continent. Addressing a high-level conference in Accra of African Ministers of State, diplomats, policymakers, and business executives, who are discussing…
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Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world
The African Development Bank Group, will commit $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary food provider for itself and the rest of the world. Bank Group President, Dr Akinwumi Adesina, announced Wednesday at the Dakar 2 Africa Food Summit in Diamniadio, east of the…
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Nigeria’s national debt hits an all time as the country struggles with repayment
Nigeria’s public debt has reached an all time high of N44.06tn in the third quarter of 2022. This is according to a report by the Punch Newspaper, which also noted that the rise in debt is coming amidst the country’s struggle to repay its already substantial debt. According to the report, ,the total public debt…