Ghana Commences Downstream Oil Sector Deregulation, Removes Petrol Subsidy

The government of Ghana has, in a major downstream oil sector review, jettisoned fuel subsidy, to ensure stability across its downstream sector.  The chief executive officer of Ghana National Petroleum Authority (NPA), Abdul Hamid, stated this during a presentation at the ongoing Africa Refiners and Distributers (ARDA) week 2023, in Cape Town, South Africa.  Abdul

Volkswagen Opens New Vehicle Assembly Plant In Ghana

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Hong Kong steps up efforts to attract African start-ups

Hong Kong is fast becoming a top destination for start-ups from around the world, and for good reason. With a thriving innovation and technology ecosystem, world-class R&D facilities, and comprehensive incubation programs and venture fund support, Hong Kong has positioned itself as an international hub for tech start-ups. InvestHK director-general of investment promotion Stephen Phillips.

President Kagame and the King of Morocco awarded by CAF

Dr Patrice Motsepe, the President of the Confederation of African Football (CAF), awarded the 2022 Excellence Award on March 14, 2023 to the President of Rwanda, Paul Kagame of Rwanda and King Mohammed VI of Morocco. The second African leaders were awarded at a prestigious ceremony held in Kigali, Rwanda. The King of Morocco Prize

Hong Kong opens InvestHK office to attract African businesses

The Hong Kong government’s foreign direct investment agency InvestHK has opened a representative office in Africa and now has a presence in 33 markets. It is actively building mutually beneficial relationships with leading African and South African enterprises, such as major banks, metropolitan development organisations and the JSE. “Africa is an important part of our

IMF Mounts Pressure On Nigeria As Ghana Announces Removal Of Fuel Subsidy

The removal of the subsidy is part of the country’s regulatory measures to ensure downstream sector stability. The Ghana National Petroleum Authority has announced the removal of the country’s fuel subsidy.The removal of the subsidy is part of the country’s regulatory measures to ensure downstream sector stability.This is just as the International Monetary Fund (IMF)