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The International Monetary Fund said Ghana remains at a high risk of debt distress as the West African nation plans to clear arrears owed by energy utilities through the sale of a 10 billion cedi ($2.3 billion) local-currency bond.
Ghana …
Continue readingBlessed with an abundance of natural resources, vast arable land, a temperate climate and a teeming population of young vibrant people, Nigeria has the potentials to be one of the biggest economies in the world. However, the potentials for greatness …
Continue readingAfrican Liberty Editor, JJ Omojuwa, has been listed by global business platform Entrepreneur.com as one of the 10 African online entrepreneurs to watch in 2017. Omojuwa who is the Chief Executive Officer, The Alpha Reach, a Digital Media Company operating …
Continue readingGerman Chancellor Angela Merkel has underscored the importance of combating poverty in Africa as a way to stem the mass migrant flow to Europe. Merkel has made ties with Africa the focus of Germany’s G20 presidency.
Reducing poverty and conflict …
Continue readingAs Nigeria continues to grapple with the effects of a global slump in oil prices and navigate out of an economic recession that has spanned three quarters, the need to make governments at all levels smaller, less costly and more …
Continue readingEarlier this week, the World Bank reported that Ethiopia would be the most expansive economy in Africa for the year 2017. This forecast is because of its steady economic growth average of 10.8 percent since 2005, which peaked to 6.5 …
Continue readingA kind of parallel universe is taking shape in Nigeria’s foreign-exchange market.
The African country’s traditional forwards market is facing competition from an upstart based on the new exchange-rate window policy makers opened six weeks ago. Bond investors and speculators …
Continue readingIvory Coast attracted almost $10 billion in bids for its Eurobond auction on Thursday in a sale that came less than a month after a four-day mutiny by soldiers, according to a person familiar with the matter.
The West African …
Continue readingGhana’s cocoa regulator said it is 10 billion cedis ($2.2 billion) in debt after the nation missed its production target in the previous season and as a slump in prices is weighing on revenues from the current crop.
Ghana Cocoa …
Continue readingKenya’s government agreed to swap loans it provided to Kenya Airways Ltd. for equity, a conversion that may give the state a controlling stake in the national carrier, Treasury Secretary Henry Rotich said.
The government will also guarantee 77 billion …
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