The African Continental Free Trade Area (AfCFTA) has been effectively structured, according to the World Bank, to enhance the economies of East Africa. This will be done, among other things, by reducing the costs of non-tariff barriers and non-tariff policies, as well as trade expenses connected to trade facilitation. The implementation of AfCFTA’s policies will...
After successfully gaining all essential regulatory clearances, including the assent of the Government of Ghana as a minority shareholder, Vodafone Group Plc has finalized the transfer of its 70% majority stake in Vodafone Ghana to the Telecel Group. Since 2008, when Vodafone Group Plc acquired a majority interest in GTCL and founded Vodafone Ghana, this...
The most popular mobility app in Africa, Bolt, has declared plans to spend €500 million in the continent over the next two years. More than 300,000 additional drivers and couriers will have the opportunity to join the platform in 2023 thanks to the expansion of Bolt services throughout Africa. Bolt, which debuted in South Africa in 2016,...
The development and expansion of many African nations’ economies now heavily rely on the internet. Fast and dependable internet connectivity has become more crucial than ever with the growth of e-commerce, online learning, and remote work. This article explores the most recent Ookla report on the African nations with the fastest internet speeds in this...
The Nigerian National Petroleum Company (NNPC) Limited has signed a $741 million maintenance service contract with a South Korean engineering firm, Daewoo Engineering and Construction Company Limited, for a quick fix repair of Kaduna Refinery and Petroleum Company (KRPC). The signing ceremony took place on Thursday at the NNPC Towers in Abuja, according to a...
A $311 million loan arrangement for renewable energy projects has been made by the World Bank with four countries in West and Central Africa. With the use of battery energy and storage technologies, about 106 megawatts (MW) of solar power generation capacity and a 41 MW increase in hydroelectric capacity will be financed. The nations...
Ghana ranks ninth out of 26 nations in the most recent Finder.com Cryptocurrency Adoption Index, which measures the adoption of cryptocurrencies. According to the survey, which included individuals from 27 countries, Vietnam has the highest rate of adult cryptocurrency ownership at 29%. Ghana is included on the same list, with 17% of adults there reporting...
In order to increase intra-African trade, Ghana and TradeMark Africa (TMA) have signed a Memorandum of Understanding (MoU) for the construction of trading infrastructure along the Abidjan-Lagos corridor. Following the recently concluded Africa Prosperity Summit, an agreement on the commercial corridor, which connects Côte d’Ivoire, Ghana, Togo, Benin, and Nigeria and accounts for more than...
Despite the nation’s problems, the economy of South Africa is anticipated to recover during the next two years. According to the most recent global economic forecast report from the International Monetary Fund (IMF), Mzansi will continue to be the second-largest economy in sub-Saharan Africa. In 2023 and 2024, respectively, the economy is predicted to grow...
To ensure that Africa can provide universal internet service by 2030, MTN CEO Ralph Mupita has called for the modernization and harmonization of legislative frameworks throughout the continent. He has also urged a concerted effort from all stakeholders. According to a release from MTN, Mupita spoke at the Africa Prosperity Dialogue over the weekend in...
