Government debt burdens across sub-Saharan Africa are rising at a faster pace and to higher levels than elsewhere in emerging markets, heightening the risk of further rating downgrades and defaults, ratings agency Fitch warned on Tuesday.
Emerging markets have been battered by the fallout from the coronavirus pandemic, with a...
For more than 50 years, Loiman Letolo, 70, has peddled her colourful beaded necklaces and bracelets to safari-goers at the entrance gates to Kenya’s Maasai Mara National Reserve.
As the annual “Great Migration” of millions of wildebeest, zebras and gazelles into the Mara’s vast savannah gets underway, Letolo would normally...
Will collaborate on commercial vehicles - city van created and built by Volkswagen Commercial Vehicles and later 1-ton cargo van engineered by Ford, plus Volkswagen medium pickup built on Ford Ranger platform - from 2022
During the lifecycles of the products, the companies expect to produce up to...
COVID-19 infections in Africa today surpassed 500,000, and there is concern as a growing number of countries are experiencing a sharp rise in cases. So far, in less than five months, the virus has claimed 11,959 lives, overtaking the 11,308 lives lost in the world’s worst Ebola outbreak in West Africa...
Uber is officially a transport company and not a digital service, the European Court of Justice (ECJ) has ruled.
The ride-hailing firm argued it was an information society service - helping people to make contact with each other electronically - and not a cab firm.
The case arose after Uber was...
Late January, four African countries - South Africa, Eswatini, Angola and Eritrea - officially hosted Russian Foreign Minister Sergey Lavrov. He went visiting these African countries, as part of laying the groundwork and testing the pulse, ahead of the forthcoming second Russia-Africa summit set for late July in St....
African leaders have been cautioned to be circumspect with debt forgiveness calls, as they have a great tendency to not only disturb the bond market but also make it difficult for a successful future bond issuance by African countries.
Calls are rife that with the havoc caused to African countries...
Ghana has enjoyed a truly special relationship with the state of Israel since its independence in 1957, grounded in a shared commitment to trade, security, education, culture and sports.
It is a relationship that has withstood the test of time having survived many years of diplomatic twists and turns. In...
The world is facing massive common challenges which require cooperative solutions. The COVID-19 pandemic has yet to end, and work to prevent another pandemic has only just begun. Rising debt burdens are endangering lower-income countries’ economic prospects and their people’s well-being. Spiking food prices and the disruption of grain...
By Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU
President Nana Akufo-Addo has stressed the importance of embracing technological advancements to drive prosperity across the continent.
In his remarks as the 3i Summit opened in Accra – with policymakers, investors and innovators from across Africa united in their ambition to harness...