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Kenya’s Mombasa port risks Chinese takeover

China is likely to takeover Kenya’s port of Mombasa if the East African country defaults on loans from China’s Exim Bank. That’s the warning from...

Access and Diamond banks merge as Africa’s biggest bank

Nigeria’s Access Bank has signed a Memorandum of understanding with its rival Diamond Bank Plc to form Africa’s largest retail Bank. A statement cited by...

Nigeria to spend $28 billion in 2019 on it’s economy

Nigeria is hoping to spend some $28.80 billion next year to drive growth in critical sectors of its economy. This is contained in President Muhammadu...

Africa in need of 20 million jobs annually

The International Monetary Fund IMF is projecting Sub Saharan Africa may have to create 20 million jobs annually in order to enjoy high and inclusive...

Building the next big business from used car tyres in Ghana

Along a busy road in a community called Madina, east of Ghana’s capital Accra, you will find a small metallic container. The container is filled...

Africa risks economic growth decline due to Climate Change

African countries risk losing about 1.5 percent of their Gross Domestic Product (GDP) to the negative impact of climate change. Gross Domestic Product (GDP) is one...

India’s Bank of Baroda to shut operations in Ghana

Indian state-owned Bank of Baroda is to close down three branches across the world including Ghana by June 2019. The three branches according to the...

Zambia denies China taking over its power provider

Zambia has denied reports that China is taking over its state utility provider to recover a $6 billion debt. The Southern African country says it...

IMF Boss Christine Largarde begins tour of Africa

The Managing Director of the International Monetary Fund (IMF), Christine Largarde is beginning a two day working visit to Ghana on Monday. She will hold...

Ghana lifts ban on small scale mining

Ghana's government has announced the lifting of the ban on small scale mining from December 17. The lifting of the ban will only cover those...

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