Monday, September 23, 2024
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AUTHOR NAME

Fred Dzakpata

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Fred Dzakpata is a Ghanaian journalist who specializes in business reporting in Africa.

Barclays Africa to rebrand to Absa

Barclays Africa Group Limited, one of the largest banking groups in Africa, is set to change its name to Absa Group Ltd subject to shareholder and regulatory approval.

Ghana launches 10-year cashew development plan

Ghana’s President Nana AddoDankwa Akufo-Addo, on Tuesday, launched a 10-year Cashew Development Plan, aimed at diversifying Ghana's agricultural sector. Recounting a commitment he made on 19th March 2016, at Suma Ahenkro, in the Jaman North constituency, President Akufo-Addo bemoaned the over-reliance of Ghanaian agriculture on the production and export of cocoa, in contrast with the situation in neighbouring Cote d’Ivoire. He noted that Cote d’Ivoire has succeeded in diversifying its agriculture, which included the production and export of other cash crops, and, as a result, earned that country some $12 billion from the export of agricultural produce in 2015.

ECOWAS leaders meet in Accra over Single Currency

Heads of State from the Economic Community of West Africa States ECOWAS are meeting in Accra on Wednesday in a bid to fast track processes towards meeting the 2020 target for the introduction of a single currency ECO.

Afdb rallies support for Gambia’s Development Plan

A donor pre-engagement on Gambia’s new National Development Plan (NDP), is scheduled to take place in Dakar, Senegal from 20 to 22 February 2018. Following the election of President Adama Barrow in December 2016, the country has a new window of opportunity to lay the foundations for a modern democratic state and key reforms for sustainable growth.

Egypt signs $15 billion gas deal with Israel

An Israeli energy company has announced a $15bn deal to export natural gas to Egypt, highlighting the deepening strategic ties between the two countries as well as Cairo’s ambitions to become a regional energy hub.

EIB to announce EUR 69 million investment in Rwanda

The European Investment Bank is expected to confirm EUR 69 million of new infrastructure and private sector investment in Rwanda this week . This will include announcement of the EIB’s first public sector investment in the country to support construction of the first public sewage system in Rwanda.

AfDB receives 700 million dollar Japan Support

The Japan International Cooperation Agency has signed a loan agreement with the African Development Fund (ADF) designed to provide an Official Development Assistance loan to the tune US $700.9 million.

Ghana to establish a new 4 billion dollar refinery

The Ghana government has announced moves to establish a new oil refinery in the Western part of the West African country.

IMF pledges support to reforms in Mauritania

The International Monetary Fund Boss Christine Largarde has announced the funds support to Mauritania in its ongoing reform.

Ghana likely to begin hedging oil imports

Ghana may begin hedging oil imports under a new risk management strategy to keep fiscal consolidation on track as global crude prices recover. That’s what the Reuters news agency is gathering from Ghana's Ministry of Finance. Oil hedging is used to reduce or eliminate a country’s exposure to fluctuating oil prices.

Latest news

Nigerian High Commission apartments in Ghana demolished

Some new apartments built at the residence of the Nigerian High Commissioner in Ghana’s capital city Accra, have been demolished by bulldozers. The apartments have been constructed to...

Covid-19: Ghana records significant recovery numbers

Ghanaian health officials on Saturday said over 10,000 persons infected with the coronavirus have now recovered. The significant number of recoveries means the country now...

DR Congo: President’s ex-chief of staff jailed 20 years for corruption

The ex-chief of staff of the president of the Democratic Republic of Congo has been jailed 20 years by a high court. Vital Kamerhe was...

Covid-19: Zimbabwe’s health minister arrested, charged for graft

Zimbabwe's Health Minister Obadiah Moyo has been arrested over corruption allegations related to procurement of medical equipment worth $60 million. Moyo is accused of illegally...

Ghana’s new law that jails citizens not wearing facemask 10 years

Ghanaians who fail to wear the face masks in compliance with a presidential directive risk going to jail for ten years. They also face a...
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