Ghana among 6 countries to struggle with debt-servicing burdens – EIU – GhanaWeb
… Nigeria, and South Africa have seemingly manageable levels of public debt but may suffer from high and rising debt-servicing costs—especially Nigeria …
Sub-Saharan Africa Leads In Bitcoin Adoption – Independent Newspaper Nigeria
Justus Adejumoh is an IT / Telecom Reporter who has been covering the ICT sector for over a decade. He is currently the IT / Telecom Editor of Independent Newspapers Limited. With a knack for the industry’s issues and trends, he has given impetus to the industry through agenda-setting reports, analysis of issues and interfacing
Standard Bank says intra-Africa trade difficult amid currency shortages, poor infrastructure
Standard Bank, Africa’s largest bank, says intra-country trade in 10 key countries on the continent remains difficult amid currency volatility and international capital flight.Poor infrastructure, complex policies as well as import and export duties have adversely hit perceptions of businesses in terms of ease of trading with other African countries.But despite these challenges, general confidence in most of
Ghana’s ‘enormous debt will make Akufo-Addo gov’t ‘grapple with debt-servicing burdens …
It also noted that the economies Algeria, Angola, Ethiopia, Gabon, Kenya, Nigeria and South Africa have seemingly manageable levels of public debt but …
Nigerians Abroad Remitted $20.1bn in 2022 – Report
At the current official market rate of N767 per US dollars, the amount is equivalent to N15.3 trillion. Five years ago, Samira Ishaq left her house in Kano to work in the Kingdom of Saudi Arabia, tracing a route pursued by tens of millions of Nigerian migrants. She borrowed almost N800,000 from relatives and engaged
Tinubu seeks to deepen Nigeria’s ties with South Africa
President Bola Tinubu on Monday called for stronger economic and diplomatic ties with South Africa, to forge a common front in tackling the continent’s economic challenges. The President stated this during a bilateral discussion with South African President, Cyril Ramaphosa, in New York, ahead of the United Nations General Assembly (UNGA). Tinubu asserted that Africa
Igbos in Ghana celebrates New Yam festival and 11th Throne Anniversary of HRM Eze Ohazurume I
He emphasized the festival’s importance in preserving cultural values among the youth and fostering pan-African unity, particularly between Nigeria …
Nine Innovative Ventures Shine at Africa DeFi Summit
The Africa Money and DeFi Summit, a premier fintech and Web3 conference, has announced the nine innovative ventures that will have the opportunity to showcase their groundbreaking technologies and business models at its upcoming Investment Showcase. Scheduled for October 3rd and 4th in Accra, Ghana, this event aims to connect African startups with global investors
Nigeria: Flutterwave FX sourcing product points way to easing shortages
A new product launched by Nigerian unicorn Flutterwave gives hope that Nigeria’s fintech sector can lead the way in finding solutions to the country’s shortages of foreign currency, economists say. 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 from over
Forex shortage challenging intra-African trade
Intra-country trade across Africa is stuttering as businesses struggle to find the foreign currency, most notably the dollar, needed to pay for imports. This shortage has been caused by the depreciation of local currencies, higher interest rates and capital flight in the continent’s developed markets, the latest Standard Bank Africa Trade Barometer (ATB) shows. This