The recent decision by the United States to impose a 10% tariff on exports has sparked alarm within Africa’s economic and diplomatic circles, with growing calls for a unified continental response to what many see as an unfair trade blow. Speaking to JoyNews‘ Emmanuel Dzivenu on the sidelines of the 60th Union of African Journalists training […]
President Nana Addo Dankwa Akufo-Addo has fulfilled his pledge to introduce visa-free travel for citizens of all African nations to Ghana. The promise, made during the Africa Prosperity Dialogues (APD 2024) in January, was aimed at enhancing the free movement of people, goods, and services across the continent. With executive approval granted on Wednesday, 18 […]
The African Union (AU) has endorsed President Nana Addo Dankwa Akufo-Addo’s vision for a continent-wide financial institution and the acceleration of mobile money interoperability across the continent. The adoption came during the AU Mid-Year Coordination meeting held in Accra last week. This signals a major step towards enhancing financial inclusion and economic integration across Africa. […]
A Sierra Leone court found 11 people guilty of treason and other offences following what authorities have called an attempted coup, with their leader sentenced to almost 200 years in prison, a judiciary spokesman said Tuesday. In November, dozens of gunmen broke into the country’s armoury and into a prison where the majority of the more than […]
The Vice President of Ghana, Dr. Mahamudu Bawumia, has proposed that mobile money (MoMo) could serve as a common currency for Africa, addressing challenges associated with intra-African trade. He was speaking on Friday at the Africa Prosperity Network (APN) Interoperability Symposium in Accra. Addressing trade barriers Dr. Bawumia highlighted the persistent low levels of intra-African […]
The Global Finance Magazine has released the latest ranking of countries worldwide based on their GDP per capita Countries were evaluated using GDP-PPP (Purchasing Power Parity) per capita, which considers differences in cost of living and inflation, providing a more accurate picture of economic well-being Nations with sophisticated financial sectors, lucrative natural resources, favourable tax […]
The latest data from Henley & Partners and the International Air Transport Association (IATA) shows that South Africans can travel to 108 visa-free destinations, making it the 3rd most influential passport in Africa. THE South African passport is the third most influential passport in Africa and ranks 53rd in the world overall. That’s according to […]
Six hundred and fifty million people in Africa lack economic or physical access to sufficient food, the 2023 Africa Agriculture Status Report has revealed. This figure represents 50 per cent of the continent’s population. The report, which was launched at the Africa Food Systems Forum (AFSF) 2023 in Dar-es-Salam, Tanzania, has therefore called for a […]
The President of Zambia, Hakainde Hichilema, has urged African states to deploy trade and other partnerships as benchmarks for collaboration to move the continent forward. He said such collaboration must be on top of the agenda of the African Union and sub-regional blocs, including the Economic Community of West African States (ECOWAS). “Africans must work […]
The Senior Partner of AB & David law firm, David Ofosu-Dorte, has predicted that Africa’s food import will increase from $35 million to $110 billion in the next three years. “That’s food import and that tells you how much we are sending outside. “There is no magic wand about the fact that the dollar to […]
The General Overseer of the International Central Gospel Church, Pastor Mensa Otabil says the Covid 19 Pandemic presents the finest moment for Third World Countries in Africa to become industrialized. Speaking at the first night of Greater Works Conference 2021, Pastor Otabil explained that it takes disruptions for opportunities to be created, urging African countries […]
Aliko Dangote plans to spend $15 billion on a project that – if successful – could revolutionise Nigeria’s economy. On a peninsula east of Lagos, 30,000 workers are employed on a project that holds out the promise of transforming Nigeria’s economic fortunes. It’s here that Aliko Dangote, Africa’s richest man, plans to spend more than […]
