Afro Asian Reinsurance Brokers has began operations in West Africa with the official launch of its branch in Ghana. Afro-Asian was established in 1988 by Rasik Patel, to build on his extensive network of connections and resources in the Afro-Asian countries.
Africa's leaders will gather in Rwanda on Wednesday, March 21 to launch what they say will be the world's largest free trade area but leaders of Nigeria and Uganda are reported to have pulled out, highlighting the challenge in getting the continent to sign up.
Ivory Coast is selling 1.7 billion euros ($2.1 billion) of bonds in the biggest issuance of debt in the common currency from an African government, according to a person familiar with the matter.
The West African nation is offering 850 euros of 12-year notes paying 5.25 percent and a similar amount of 30-year securities with a coupon of 6.625 percent, said the person, who asked not to be identified as they’re not authorized to speak about the matter.
Price guidance was around 5.375 percent for the 12-year securities and 6.75 percent for the 30-year notes, said the person.
Ghana must legislate new measures to boost revenues by at least 0.5 percent of Gross Domestic Product (GDP) before the International Monetary Fund (IMF) reviews a $918 million credit deal next month, the Fund has said.
Barclays Africa Group Limited, one of the largest banking groups in Africa, is set to change its name to Absa Group Ltd subject to shareholder and regulatory approval.
Ghana’s President Nana AddoDankwa Akufo-Addo, on Tuesday, launched a 10-year Cashew Development Plan, aimed at diversifying Ghana's agricultural sector.
Recounting a commitment he made on 19th March 2016, at Suma Ahenkro, in the Jaman North constituency, President Akufo-Addo bemoaned the over-reliance of Ghanaian agriculture on the production and export of cocoa, in contrast with the situation in neighbouring Cote d’Ivoire.
He noted that Cote d’Ivoire has succeeded in diversifying its agriculture, which included the production and export of other cash crops, and, as a result, earned that country some $12 billion from the export of agricultural produce in 2015.
Heads of State from the Economic Community of West Africa States ECOWAS are meeting in Accra on Wednesday in a bid to fast track processes towards meeting the 2020 target for the introduction of a single currency ECO.
A donor pre-engagement on Gambia’s new National Development Plan (NDP), is scheduled to take place in Dakar, Senegal from 20 to 22 February 2018.
Following the election of President Adama Barrow in December 2016, the country has a new window of opportunity to lay the foundations for a modern democratic state and key reforms for sustainable growth.
An Israeli energy company has announced a $15bn deal to export natural gas to Egypt, highlighting the deepening strategic ties between the two countries as well as Cairo’s ambitions to become a regional energy hub.
