Since our president is currently chairing the regional body ECOWAS, it is appropriate to revisit the lingering tension between Ghanaian traders and their Nigerian counterparts. In today’s edition of the B&FT, a concise feature that dissects the problem and offers irrefutable answers to the nagging problem is published. We entreat...
Participants at a webinar to present the African Development Bank’s African Economic Outlook Supplement to Asian audiences on Monday have endorsed the report as critical for post-COVID-19 Africa. The supplement revises the growth projections and outlook for Africa for 2020 and 2021 and highlights the impact of COVID–19 on Africa’s...
In recent weeks, tens of thousands of people paraded the streets of Bamako in Mali to demand the resignation of President Ibrahim Boubacar Keita. The protesters were believed to have been mobilised by Mr. Mahmoud Dicko, an influential Muslim leader, under the auspices of the June 5 Movement – Rally...
The Senegalese leader urged members of the G20 group of countries to continue helping African nations balance their obligations to creditors with their obligations to their own citizens in the face of a deadly pandemic “Flatten the curve.” Do you remember that phrase? It was on everyone’s lips back in...
African Export-Import Bank (Afreximbank) has disbursed US$200million to Zenith Bank Plc Nigeria under its Pandemic Trade Impact Mitigation Facility (PATIMFA). The funds will assist Zenith Bank to continue maintaining foreign currency trade flows impacted by the COVID-19 pandemic. They will also allow Zenith Bank to on-lend to eligible sub-borrowers involved in...
President Akufo-Addo has been elected as the Chairman of the Economic Community of West African States(ECOWAS). The election was held at the 57th ECOWAS Summit at the Mahatma Gandhi International Conference Centre in the capital of Niger, Niamey. President Akufo-Addo takes over from President Mahamadou Issoufou of Niger. Prior to the election of...
Indeed, COVID-19 has veered the economic activities of most African nations off the progressive development track; almost all African economies, including Ghana are struggling to patch the economic holes created by the menacing COVID-19 pandemic. In the wake of the unexpected outbreak, African countries’ ability to honour their debt obligations...
Africa is becoming a new COVID-19 epicenter. In recent weeks, South Africa reported a 60% increase in natural deaths, suggesting a higher COVID death toll than reported. And the World Health Organization recently warned that cases are proliferating across Sub-Saharan Africa, including my country, The Gambia. Unless the European...
The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, has approved a $400-million revolving global credit facility agreement for the Export Trading Group (ETG). ETG is one of the largest and fastest-growing integrated agricultural conglomerates in Africa. The agreement will enable ETG to keep playing its vital role...
There is a need to focus on fundamentals: producing more of what Africa consumes and consuming more of what Africa produces The COVID-19 pandemic and its health and economic impacts have forced a global rethink of the current multilateral framework and what it means for the future. For Africa, COVID-19...
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