1. Home
  2. West Africa

Tag: West Africa

Business
Stanbic Bank Champions SME Growth through Digital Technology

Stanbic Bank Champions SME Growth through Digital Technology

Head of Business Enablement at Stanbic Bank Ghana, Marian Amartey, has reaffirmed the bank’s dedication to fostering growth for small and medium-sized enterprises (SMEs) via digital technology. Speaking at the recent Stanbic X-Space event on

Business
Tanzania-Uganda Oil Project Faces Financing Hurdles

Tanzania-Uganda Oil Project Faces Financing Hurdles

It was recently revealed that the EACOP project is currently facing debt financing issues, prompting its stakeholders, including TotalEnergies and CNOOC, to infuse more cash into the oil venture. The East African Crude Oil Pipeline

Business
Oil Majors Return to Libya After a Decade Away

Oil Majors Return to Libya After a Decade Away

BP and Eni have returned to Libya after ten years of avoiding the country amid its civil war. Per a statement by the National Oil Corporation of Libya, Italy’s Eni resumed exploratory drilling in the Ghadames Basin

Business
IMF Chief Commends Ghana’s Progress on Debt Restructuring

IMF Chief Commends Ghana’s Progress on Debt Restructuring

The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has praised Ghana’s headway in restructuring its debt and its achievement of a Staff-Level Agreement on the third review of the ongoing US$3 billion

Business
Nigeria Lost $8 Billion to Forex Subsidy in Three Years – World Bank

Nigeria Lost $8 Billion to Forex Subsidy in Three Years – World Bank

The World Bank says Nigeria’s government lost N13.2 trillion because of how it managed foreign exchange between 2021 and 2023. The losses broke down like this: N2 trillion in 2021, N6.2 trillion in 2022, and

Business
$17 Billion in Concessional Loans and Grants Extended to Ghana, 3 Other African Countries in 3 Years – World Bank Says

$17 Billion in Concessional Loans and Grants Extended to Ghana, 3 Other African Countries in 3 Years – World Bank Says

The World Bank has extended $17 billion in financial support to Ghana, Chad, Ethiopia, and Zambia, all of which are part of the G20 Common Framework for Debt Treatments. The funds, distributed via the International

Business
Togo suspends Russian ride-hailing app Yango

Togo suspends Russian ride-hailing app Yango

Togo’s transport ministry suspended the ride-hailing app Yango owned by Russia’s tech giant Yandex, over security concerns just months after it began operating in the West African nation. In a statement on Thursday, the ministry

Business
National Association of Rural Banks call for release of GHS500million locked-up funds

National Association of Rural Banks call for release of GHS500million locked-up funds

The President of the National Association of Rural Banks, Ghana, His Worship Eric Danning, is strongly advocating for the release of the locked-up funds of Rural and Community Banks (RCBs), which currently total approximately GH₵500

Business
Ghanaians urged to invest in coconut business

Ghanaians urged to invest in coconut business

The President of the African Coconut Group (ACG), Davies Korboe, has called on business leaders to explore opportunities in Ghana's coconut industry, citing its vast potential as a sustainable investment option and future leading export

Business
Absa Bank, GCTU to champion ethical business practices across Africa

Absa Bank, GCTU to champion ethical business practices across Africa

Director of Compliance at Absa Bank Ghana LTD, Judith Haizel, has stressed the importance of promoting ethics, integrity and transparency within sustainable businesses across Africa. She explained that in today's rapidly evolving business landscape, complying