Ghana President Akufo-Addo urges reparation for slave trade

By XINHUA Reparations must be paid for the slave trade to address the historical injustices that have shaped the world structure, Ghanaian President Nana Addo Dankwa Akufo-Addo said on Wednesday. “It is time to acknowledge openly that much of Europe and the United States have been built from the vast wealth harvested from the sweat,

Weak currencies curb Africa trade, South Africa’s Standard Bank says

Unstable and weakening local currencies, foreign currency shortages and poor infrastructure are squeezing trade in Africa, a new report by South Africa’s Standard Bank said.  The 2023 Standard Bank Trade Barometer report unveils the challenges faced by African businesses in ten countries as they seek to grow domestic, regional, and international trade. Created by Standard

The Chronicle – Breaking news

Ellina Mhlanga, Harare Bureau  ZIMBABWE are set to step up their preparations for the African Hockey Road to Paris 2024 (Men/Women) qualifiers following the recent announcement of the final teams. The qualifiers will be held in Pretoria, South Africa from October 29 to November 5 at the University of Pretoria. Hockey Association of Zimbabwe named the

Bad Governance responsible for coups in Africa – Obasanjo 

Former President Olusegun Obasanjo has stated that the recent spate of coup d’états in some African nations is fundamentally linked to the issue of bad governance.  According to Obasanjo, the proliferation of military coups in Africa can be attributed to the lack of integrity in democratic practices, alongside problems like bad governance, nepotism, favouritism, and

Mantashe to speak at Africa Oil Week

South African Minister of Mineral Resources and Energy Hon. Gwede Mantashe will be a keynote speaker at Africa Oil Week (AOW), to be held in Cape Town next month. AOW is the continent’s leading event in the African upstream and it sees representatives of more than 25 African governments coming together with energy policymakers, financiers

LatAm fintech, Ebanx expands into eight African countries

A year after its African debut in three markets—South Africa, Nigeria, and Kenya, EBANX, a global technology company specialising in payments for emerging markets, has expanded into Ivory Coast, Egypt, Ghana, Morocco, Senegal, Tanzania, Uganda, and Zambia. This was disclosed during the seventh edition of the fintech’s Payments Summit, held from September 18 to 20

Despite a $3 billion bailout, Ghana has essentially gone bankrupt

According to a report by The New York Times, President Nana Akufo-Addo’s administration “had no choice but to agree to a $3 billion loan from the lender of last resort, the International Monetary Fund,” which helped to explain Ghana’s financial crisis, in which government organisations owed billions to contractors and were in serious debt. The

CEO Heinie Werth: Sanlam-Allianz joint venture a long-term play in Africa

In the coming six to 18 months, SanlamAllianz Africa CEO Heinie Werth and his team across the continent will be focusing on integrating Sanlam and Allianz’s systems, he tells The Africa Report. There’s more to this story Get unlimited access to our exclusive journalism and features today. Our award-winning team of correspondents and editors report