World Bank cuts Nigeria 2022 growth forecast to 3.1% from 3.8%

ABUJA, Dec 15 (Reuters) – The World Bank has cut Nigeria’s 2022 growth forecast to 3.1% from a previous forecast of 3.8%, it said during a briefing in Abuja on Thursday. It said that the revision was due to slow economic growth in the third quarter from a year earlier, dragged down by the oil

Five West African entrepreneurs capitalising on agribusiness opportunities

Felix Kamassah is the founder of Ghana-based agribusiness company Maphlix Trust. From locally-made baby food to providing cold storage to farmers and market merchants, these five entrepreneurs are taking advantage of West Africa’s agribusiness and food potential. 1. African baby food makers have an edge over foreign producers, says entrepreneur Pascaline Nenda started a baby

MTN rumoured to be considering exit from smaller West African operations

A so far unconfirmed report from Bloomberg suggests that MTN Group may be looking at divesting some of its smaller operations in West Africa. The pan-African operator – the biggest in the African continent – is apparently reviewing its portfolio in the region. The aim would be to identify potential disposal candidates and then to focus

VP Pence Addresses Young African & Diaspora Leaders at US-Africa Summit

National Museum of African American History and Culture Washington, D.C. 1:31 P.M. EST THE VICE PRESIDENT: Good afternoon. Please have a seat. Good afternoon. To Deputy Secretary Adeyemo, thank you for all you do. I will tell you what many of you probably know about him: From the implementation of the American Rescue Plan and

Opportunities For Foreign Investors In Ghana – Inward/ Foreign Investment

14 December 2022 CQ Legal & Consulting To print this article, all you need is to be registered or login on Mondaq.com. Ghana Among Africa’s Top FDI Destinations Ghana is now one of the most attractive African destinations for foreign investors – thanks to a strong and stable democracy – as well as years of

Nigeria has no plans to issue Eurobonds in 2023 -finance minister

ABUJA – Nigeria has no plans to issue Eurobonds in 2023 unless market conditions improve as bond prices are too high for African countries, Finance Minister Zainab Ahmed said on Wednesday. Africa’s biggest economy will focus on concessionary loans from the World Bank, Islamic Development Bank, African Development Bank and others for external loans, Ahmed

Hume to invest R30m to expand dry store facilities in 2023

South African food distributor Hume International will invest R30-million towards expanding its dry store facilities over the next year, as it seeks to meet surging local demand and grow its export business. Hume International says it has seen remarkable growth in its dry goods business over the past year. This comes amid soaring local and