MIGA, a member of the World Bank Group, has issued guarantees of up to US$235million to a wholly-owned subsidiary of South Africa’s FirstRand group for a period of up to 15 years, covering the subsidiaries’ mandatory reserves held as per regulatory requirements in Botswana, Eswatini, Ghana, Lesotho, Mozambique, Nigeria...
Government has over the last three and half years cleared 91% of debt popularly known as ‘legacy arrears’ that it inherited in the education sector from the previous government in 2017, Education Minister Dr. Matthew Opoku Prempeh has said.
According to the minister, part of this debt resulted from the...
Since COVID-19 struck, life has changed for entrepreneurs and businesses around the world. Due to lockdowns and movement restrictions, smallholder farmers and rural businesses have been unable to access markets and sell produce or other products. As they often have little or no access to social security, rural youth...
The following article by Rukayatu Sanusi was written for Kina Advisory’s ‘Step Up, Scale Up, Scale Out’© campaign. The campaign is founded on the belief that African companies – those born and bred on the continent – have the potential to step up, scale up and scale out, both within...
A microfinance company based in the Western Region, Boin Microfinance Limited, has cited the Receiver, Eric Nana Nipah, for abuse of power and disregard for the law as the company’s assets are being confiscated despite court order stopping it from doing so.
According to management of the company, the Accra...
Innovation is the engine that drives contemporary economies. Living standards are determined by productivity growth, which in turn depends on the introduction and dissemination of new technologies that allow an ever-wider variety of goods and services to be produced with fewer and fewer of our planet’s resources.
Policymakers and the...
In a conversation with IMF Country Focus, Rwanda’s Minister of State in Charge of National Treasury Richard Tusabe explains how his government is leveraging technology and grass-roots networks to fight the spread of COVID-19 and ensure financial support for households and businesses.
What has been the impact of COVID-19 on...
As a domestic worker, Amsale Hailemariam knew from the inside out the luxury villas that had grown up around her simple shelter of raw metal and plastic sheeting. And in them, she saw how her country, Ethiopia, had transformed.
The single mother told herself, “Oh God, a day will come...
Mr. Serebour is a wealthy spare parts merchant in Kumasi Suame Magazine, a hub of the automotive industry in Ghana. He started as a heavy -duty truck mechanic. By dint of business acumen he now has investments in real estate and transport businesses. These companies employ several young graduates,...
