MULTILATERAL and bilateral lenders on Wednesday made a series of pledges to support Cote d’Ivoire’s 2021-25 Development Plan totalling $26.1bn, Prime Minister Patrick Achi said. The West Africa Development Bank pledged 1 billion euros, the African Development Bank $4.3bn, the…
THE African Export-Import Bank (Afreximbank), through its Intra-African Trade Division, had, by the end of 2021, disbursed about $20bn in support of intra-African trade and investments, with plans to disburse a further $40bn during the next five years. That had…
THE Acting Accountant-General of the Federation (AGF), Mr Chukwuyere Anamekwe, has decried Nigeria’s dwindling economic fortune, saying the country has to borrow to pay workers’ salaries and wages and finance the budget shortfall. Anamekwe said the current economic situation in…
A NEW Ghanaian government-owned development bank aims to lend $600 million to small businesses over the next one to two years, its chief executive said, to help meet demand for credit and contribute to growth in the inflation-wracked West African…
THE Federal Government yesterday said Nigeria needs about 3.6 million metric tonnes of fish annually to meet local demand. It noted the country currently produces 1.2 million metric tonnes between artisanal, industrial and aquaculture as the deficit is being supplemented …
THE World Bank Group has approved $145 million to support Ghana’s urban infrastructure improvement programme, a release by the group said Thursday. This credit facility would continue enhancing institutional capacity for urban management and providing improved basic urban infrastructure in…
…visits to include MDAs, NGOs, other corporate bodies THE Federal Inland Revenue Service (FIRS) says it will embark on a nationwide Value Added Tax (VAT) and Withholding Tax (WHT) compliance exercise from July, 2022. This information is contained in a…
FOREIGN direct investment (FDI) to African countries hit a record $83bn in 2021, according to UNCTAD’s World Investment Report 2022 published on June 9. This was more than double the amount reported in 2020, when the Covid-19 pandemic weighed heavily…
The government takeover of KCM will go to an arbitration hearing in January 2023 in London ZAMBIA’S Konkola Copper Mines (KCM) will appoint an adviser to help it find an equity investor willing to fund the mine’s expansion, its provisional…
GHANA’S inflation rate jumped to its highest level in more than 18 years in May as food and transport costs surged. Annual inflation accelerated to 27.6 percent, the fastest pace since January 2004, from 23.6 percent in April, government statistician…
