ECONOMY Archives - Page 14 of 22

Driving Sustainability in the Hospitality Industry

Oct 17, 2023 Mr Mohammed

In a major stride towards advancing sustainability and ESG integration within the hospitality sector, Omnevue, a leading ESG reporting platform, has launched a partnership with The Energy & Environment Alliance (EEA) and official statement disclosed in London,Tuesday. To mark the beginning of their partnership, they are inviting members of the hospitality industry to a webinar that offers practical advice and tips regarding ESG reporting and the issues surrounding compliance and disclosure. EEA, the global coalition comprising hospitality and lodging investors, developers, operators, and asset managers, is dedicated to guiding hospitality…

At the DRC Agribusiness Forum, Democratic Republic of Congo shares its ambition to feed Africa and announces $6.6 billion in investments in agriculture

Oct 15, 2023 Mr Mohammed

ABIDJAN, Ivory Coast, October 15, 2023/ — The Democratic Republic of Congo aims to invest $6.6 billion over ten years in its Agriculture Transformation Programme (PTA) to fulfil its commitment to becoming Africa’s breadbasket. The announcement was made at the “DRC Agribusiness Forum”, held on 4 and 5 October 2023 in Kinshasa. The investment is evidence of the commitment of Congolese President Félix Antoine Tshisekedi to develop the country’s agricultural potential and ease the economy’s dependence on the extractive sector. “With its 80 million hectares of cultivable land, its four million hectares of…

Inaugural Board Meeting of the African Continental Free Trade Area (AfCFTA) Adjustment Fund Corporation holds in the Republic of Rwanda

Oct 6, 2023 Mr Mohammed

KIGALI, Rwanda, October 6, 2023/ — Following the mandate by the African Union (AU) Summit of Heads of State and Government and the AfCFTA Council of Ministers responsible for Trade , Afreximbank (www.Afreximbank.com) and the AfCFTA Secretariat were mandated to establish and operationalise the AfCFTA Adjustment Fund through a General Partnership – the AfCFTA Adjustment Fund Corporation – with operations of the Fund domiciled in Rwanda. The Fund will support countries and private entities through financing, technical assistance, grants and compensation funding in their transition to the new trading regime…

Harnessing the Combined Talents of Africa and the Caribbean for a Brighter Future

Oct 5, 2023 Mr Mohammed

From December 1 & 2, 2023, the leading London-based Business consulting and investment Firm, Wealth Masters Group, is conveying African and Caribbean Private sector to discuss Business and Investment opportunities among themselves during a 2-day virtual event Going under the theme “find your purpose, potential, business niche and key strategies needed as African/Caribbean from topnotch entrepreneurs and business owners”,the overall idea behind this virtual summit is to build bridges of understanding and fostering meaningful partnerships, that can harness the immense potential of the combined talents of the two regions, resources,…

Africa Business Heroes Spotlight

Sep 28, 2023 Mr Mohammed

INVESTIV-AFRIQUE PHYTO PLUS Join Hands By: Mohammed A. Abu INVESTIV, a pioneer and leader in drone technology in West Africa, recently raised $800,000 (approx. 500 million XOF) from UK impact fund AGDEVCO and RAJ GROUP Holding to set up precision agriculture service centers for rural populations. One of the company’s main challenges is to make its technologies available to small and medium-sized farmers for the production of food crops and perennial crops. To meet this challenge, INVESTIV, in partnership with AFRIQUE PHYTO PLUS, West Africa’s leading distributor of agricultural inputs,…

Ethiopian Delegation to AFSIC – Investing in Africa 2023

Sep 28, 2023 Mr Mohammed

FSD Ethiopia is coordinating a delegation from Ethiopia to attend AFSIC 2023 and will be sponsoring the Ethiopian Investment Summit scheduled for Monday, 9th October 2023. FSD Ethiopia is a development agency that aims to support the development of accessible, inclusive, and sustainable financial markets for economic growth with a vision to contribute to a thriving financial system that delivers real value to the broader economy and to the people of Ethiopia. The Ethiopian delegation includes the key financial sector actors, including the Ministry of Finance, Ethiopian Capital Market Authority,…

Opportunity through adversity: Eighth annual Africa Risk-Reward Index highlights the continent’s outlook amid growing geopolitical fragmentation

Sep 20, 2023 Mr Mohammed

London, 19 September, 2023: Specialist risk consultancy, Control Risks (www.controlrisks.com), and its economics consulting partner, Oxford Economics Africa (https://www.oxfordeconomics.com/), announced the launch of the eighth edition of their Africa Risk-Reward Index today, themed ‘Opportunity through adversity’. The Africa Risk-Reward Index is an authoritative guide for policymakers, business leaders, and investors. The report details developments in the investment landscape in major African markets and delivers a grounded, longer-term outlook of key trends shaping investment in these economies. The eighth edition of the Africa Risk-Reward Index is released at a time of…

About Construction of the Tamale-Yendi-Zabzugu-Tatale Highway

Sep 18, 2023 Mr Mohammed

……As Eastern Corridor Road Stakeholders Meeting ends in Yendi Mohammed A. Abu A stakeholders meeting of the construction of the Tamale-Zabzugu-Tatale road project has successfully ended in Yendi, the seat of Dagbon Kingship in the Northern Region of the West African nation of Ghana. A Ghana Ministry of Roads and Highways project-level grievance mechanism to address emerging grievances and complaints of dwellers of the affected communities in the project catchment area and a collective resolve by all parties with interest in the project, to keep their eyes on the project…

EDITORIAL COMMENT

Sep 16, 2023 Mr Mohammed

To issue international sovereign bonds, financial markets require countries to have a credit rating from at least one or more of the three leading international credit rating agencies (CRAs) namely, Fitch, Moody’s and Standard & Poor’s (S&P). This constitutes a minimum requirement for capital market borrowing by market regulators, as adherence to international best practices of information disclosure and to reach out to a wider base of potential investors. The Financial and economic cost implications for Africa emanating from subjective credit ratings by international rating agencies(CRAs) has since left some…