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…
THE continued success of Cape Town as a destination of choice for global investors and travellers is no accident. Even with the effects of the Covid-19 pandemic, the South African city, known for its world-renowned coastlines, Table Mountain National Park…
RUSSIAN President Vladimir Putin met African Union leaders on Friday and the Kremlin said he would tell them that Moscow was not to blame for the growing food crisis affecting their continent. State TV showed Putin greeting Senegalese President Macky…
ETHIOPIA is to receive $200 million in financial assistance from the World Bank, an Ethiopian official said Wednesday. ‘The funds will be used to build skilled manpower and boost the capacity of state-owned technical and vocational training institutes,’ Minister of…
GLOBAL food protectionism is now in full swing. After India, some major EU food exporting nations like Hungary halted the export of certain crops. Many African countries are also banning the export of their produce. Ghana and Uganda are among…
ZAMBIA’S Mopani Copper Mines (MCM) plans to resume cobalt production that was halted more than a decade ago after international prices collapsed, an executive at state-owned ZCCM-IH said on Tuesday. Accelerating sales of electric vehicles have fuelled a scramble for…
