Via Bloomberg, a report on Ghana’s attempt to raise tax revenues from some of its biggest investors: Ghana’s attempt to bring in hundreds of millions of dollars from some of its biggest investors for alleged unpaid taxes may have backfired. With the country struggling to service about $47 billion of public debt and with a $3 billion rescue package from the […]
Read more »Via Business Insider, an article on Ghana’s recent decision to buy oil with gold instead of dollars, as foreign currency reserves dwindle to an alarming low: Ghana’s government is planning to use gold to pay for oil instead of shelling out US dollars. The move is expected to reduce the “persistent depreciation” of the cedi, the […]
Read more »Courtesy of The Economist, a look at Africa’s power generation future: In a window seat in a helicopter flying south-west from Windhoek, Namibia’s capital, offers an otherworldly diorama. The landscape shifts from earthly desert to Mars-red dunes, then to moonscape as the chopper nears Luderitz. In the early 1900s this tiny port was the hub […]
Read more »Courtesy of The Guardian, a look at how – by the end of the century – Africa will be home to 40% of the world’s population – and nowhere is this breakneck-pace development happening faster than this 600-mile stretch between Abidjan and Lagos: It has long been said that no one knows with any certainty […]
Read more »Via Foreign Policy, a report on Ghana’s economic development: At first glance, an item of business news that crossed my transom one morning this week seemed like a clear economic win from Africa: Ghana, which enjoys a reputation as one of the continent’s most successful nations, had signed a $3.2 billion contract with an international consortium to […]
Read more »Via Quartz Africa, a look at the next startup investment hotspots in west Africa: Startup tracker, Africa: The Big Deal’s figures show that since 2019, west African startups have hauled in $4.2 billion, representing 41% of the total funds logged in Africa in that period. “Startups in the region have attracted more funding than in northern […]
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