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 […]
Africa has been declared free from wild polio by the independent body, the Africa Regional Certification Commission. Polio usually affects children under five, sometimes leading to irreversible paralysis. Death can occur when breathing muscles are affected. Twenty-five years ago thousands of children in Africa were paralysed by the virus. The disease is now only found […]
The Chief Executive Officer of Koans Estates, Professor Kofi Anokye says government must leverage on the advantages the country has, over the COVID-19 Virus and devise ways and means of making the most out of the Pandemic for the benefit of the generality of the Ghanaian people. In an article he authored titled ‘COVID 19 […]
Teams of Chinese doctors have set off to Ethiopia and Burkina Faso to support efforts to fight coronavirus pandemic, state-owned China Global Television Network reports. Their exact number unspecified, but they are drawn from Sichuan Province and Tianjin Municipality. They left for Africa on Thursday according to China’s foreign ministry. They will share experience, provide […]
African governments have teamed up to fight the alleged acts of racial discrimination against their nationals residing in China. Last week, there were widespread videos and various reports of some ‘ill-treatment’ being meted out to Africans in the Chinese city, Guangzhou, including eviction from places of residence, being avoided in public, among others. Though China […]
