A NEW report claims that Africa’s richest man, Aliko Dangote, does not have the kind of money needed to complete his refinery by 2023. The report published by Fitch, the world’s biggest global rating agency, alleges that the Nigerian billionaire requires an additional $1.1bn…
SIERRA  Leone will no longer provide foreign exchange for mining companies and other large businesses to import oil as of June 1, accusing them of ‘stockpiling diesel fuel,’ its Petroleum Regulatory Agency said in a statement. Sierra Leone has a…
THE World Bank has approved a $200 million grant toward Ghana’s digital transformation. The investment means the Ghana Digital Acceleration Project will receive a massive facelift by expanding broadband access and enhancing the efficiency and experience of digital public services…
GHANA’S Finance Minister Ken Ofori-Atta said on Thursday the government was committed to not seeking International Monetary Fund (IMF) assistance to relieve its debt. Ghana’s government in March announced a raft of spending cuts to tackle inflation, reduce deficit, restore…
A GROUP of European Union parliamentarians has asked the European Commission to open negotiations with Cote d’Ivoire and Ghana to address low cocoa prices, it said in a letter. The two West African countries, which together produce more than 60…
ZIMBABWEAN farmers looking to cash in on a global boom in medicinal cannabis face a litany of costs and regulatory barriers, but growers like Munyaradzi Nyanungo are betting it will boost their fortunes after decades of economic decline. The southern…
THE International Monetary Fund’s executive board on Monday approved a three-year, $456 million extended credit facility arrangement for Mozambique, with about $91 million available for immediate disbursement, the Fund said. The facility is the southeast African nation’s first programme since…
ZIMBABWE’S government on Saturday ordered banks to stop lending with immediate effect in a move Harare said was designed to stop speculation against the Zimbabwean dollar and was part of a raft of measures to arrest its rapid devaluation on…
Nigerians Should Prepare For Worst Fuel Crisis The Independent Petroleum Marketers Association of Nigeria (IPMAN) has asked Nigerians to prepare for the worst fuel crisis unless the Federal Government prevail on the Nigerian Midstream and Downstream Petroleum Regulatory Authority, (NMDPRA)…
TANZANIAN authorities announced on Friday that they have drawn a strategic plan for the construction of an ambitious manufacturing industry by 2025 in the East African nation. A $3bn manufacturing industry investment plan will enable the country to trade in…
