Yet another round of African debt restructurings (2)

Underwhelming debt servicing capacity points to imminent distress Global public debt levels have risen to as much as the world’s total economic output, albeit developed economies account for much of it at 120% of their GDP compared to 63% for developing countries. In the case of developing countries, the ratio of external debt servicing to

Ghana economy up 4.8% in second quarter, stats office says

ACCRA – Ghana’s economy expanded 4.8% year-on-year in the second quarter of 2022, data from the country’s statistics service showed on Tuesday. “The sharp decline we recorded in the last quarter has been marginally reversed,” government statistician Samuel Kobina Annim said during a press conference. He said growth in fishing, manufacturing and education services were the

Iran Customs: Exports To Africa Increased 40% In 5 Months

Iran has experienced a 40-percent increase in its exports to African countries during the first five months of the Iranian year, from March to August, the spokesman for the Iranian customs announced. In a meeting to examine Iran’s business opportunities in Africa, Ruhollah Latifi also revealed that the imports from 55 countries in the continent

Kenyan logistics startup Sendy transitions fully to B2B

Safaricom-backed logistics startup, Sendy has fully transitioned into a B2B business after its product Sendy Transport became exclusively available to only businesses.  “Sendy Transport will now be available to businesses only. Convert your account by 30th Sept,” an SMS that the company recently sent to its last remaining B2C customers reads.  Up until this move,