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Posts Tagged ‘International Monetary Fund’
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March 29, 2018

Ghana is ‘about to have an oil boom’

Ghana’s economy is seen expanding by 8.3 percent this year, making it one of the world’s fastest growing. The rapid growth is due to new oil coming online. Meanwhile Ghana’s cocoa industry, for which it is world famous, could face headwinds due to climate change and urbanization. Ludovic Marin | AFP | Getty Images

French President Emmanuel Macron (2nd R) and Ghanaian President Nana Akufo-Addo in Accra, Ghana, on November 30, 2017.

Ghana, the west African nation known as one of the world’s largest cocoa producers, is on course for skyrocketing economic growth this year thanks to an entirely different commodity.

Ghana is “about to have an [...]

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February 5, 2018

Mnangagwa says Zim is open for business

Zimbabwe President Emmerson Mnangagwa has portrayed Zimbabwe as welcoming investors from around the world, highlighting that his administration was re-integrating white commercial farmers to boost agricultural productivity and insisting that there would be no immunity for members of the previous administration headed by Robert Mugabe.

This was the gist of Mnangagwa’s 30-minute insight interview at the World Economic Forum (WEF) in Davos yesterday.

Zimbabwe – which can expect economic growth of 1percent this year, according to the African Development Bank and the International Monetary Fund – is desperate for international capital and is banking on the [...]

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August 17, 2017

President Zuma to launch BRICS African Regional Centre

President Jacob Zuma will preside over the official launch of the African Regional Centre of the BRICS New Development Bank (NDB). The launch of the regional centre will take place in Sandton, Johannesburg.

“The BRICS [Brazil, Russia, India, China and South Africa] bloc of countries signed the agreement establishing the New Development Bank at the sixth BRICS Summit in July 2014 in Brazil,” said the Presidency on Wednesday.

Meanwhile, the seventh BRICS Summit marked the entry into force of the agreement on the New Development Bank. The NDB headquarters were officially opened in Shanghai, China, in February 2016.

Another key resolution taken at the summit was to [...]

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