THE government of Rwanda is moving ahead with plans to go into the medical marijuana business. The Rwanda New Times reports that the government has dedicated 134 hectares to cannabis production and is in the process of having the site developed. The…
GHANA central bank announced its biggest ever interest rate hike on Monday as it seeks to slow rampant inflation that threatens to create a debt crisis in one of West Africa’s largest economies. The Bank of Ghana (BoG) raised its…
GHANA ended 2021 with pubic debt exceeding 80 percent of its Gross Domestic Product (GDP), the central bank said late Friday. Bank of Ghana said this in the summary of economic and financial data released after the latest round of…
Opens 45 Branches across Nigeria in 10 years, By ABDULLAHI Rabiu, Kano THE Managing Director of Jaiz Bank Alhaji Hassan Usman has said that the bank has succeeded in assisting the business Class with over One Hundred and thirty billion…
THE integration of the African continent is well above average with regional economic communities demonstrating progressive efforts toward integration, a newly published African Union (AU) report disclosed. The latest African Integration Report said the East African Community (EAC), the Economic…
THE Africa Investment Forum boardrooms have drawn $32.8bn in investment interest in bankable projects. Unveiling the results of the Forum’s virtual boardroom sessions on Thursday, African Development Bank Group President Akinwumi A. Adesina told the 500 project sponsors, investors, deal…
THE World Bank has approved about $750 million to help accelerate Kenya’s ongoing inclusive and resilient recovery from the Covid-19 crisis. The World Bank said in a statement released on Thursday that the Development Policy Operation (DPO) will help Kenya…
MORE and more plastic waste is being diverted from landfills and into a circular economy that grows employment and entrepreneurship in African countries. Food and beverage packaging is an important part of modern life, helping to ensure food safety and…
A$1bn plan to boost wheat production in Africa should be accelerated to avert potential food shortages arising from Russia’s invasion of Ukraine, according to the head of the continent’s biggest multilateral lender. The African Development Bank is raising the funds to help…
THE Tony Elumelu Foundation (TEF), in partnership with Google.org, has announced an inaugural Google.org Fellowship to provide one million additional Africans with access to TEFConnect as part of the foundation’s mission to empower young African entrepreneurs from all 54 African countries. The…
