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1 week ago |
financialpost.com | Moses Mozart Dzawu
Advertisement 1African economic growth will accelerate this year, thanks to public investment in agriculture and energy infrastructure seen helping shield it from the global trade war. Article content(Bloomberg) — African economic growth will accelerate this year, thanks to public investment in agriculture and energy infrastructure seen helping shield it from the global trade war. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load.
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1 week ago |
bloomberg.com | Moses Mozart Dzawu
(Bloomberg) -- African economic growth will accelerate this year, thanks to public investment in agriculture and energy infrastructure seen helping shield it from the global trade war. That’s according to the African Development Bank, which sees the region expanding 3.9% this year, up from 3.3% in 2024, and advancing by 4% in 2026.
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2 weeks ago |
bloomberg.com | Ekow Dontoh |Moses Mozart Dzawu
A customer makes a purchase at the Makola market in Accra, Ghana. (Bloomberg) -- Ghana’s central bank kept its key interest rate on hold to maintain downward pressure on inflation, which is expected to get a boost from the West African nation’s world-beating currency. The monetary policy committee kept the policy rate at 28%, Governor Johnson Asiama told reporters on Friday in the capital, Accra. All three economists in a Bloomberg survey correctly predicted the decision.
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2 weeks ago |
bloomberg.com | Moses Mozart Dzawu
Accra, Ghana. (Bloomberg) -- Ghana’s debt burden fell to a threshold required by the International Monetary Fund’s $3 billion program three years ahead of schedule, as the the new government curbed borrowing. The West African nation’s debt-to-gross domestic product ratio declined to 55% at the end of March from 61.8% end-December, the central bank said in a summary of economic and financial data on its website.
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3 weeks ago |
dig-in.com | Moses Mozart Dzawu |Helen Nyambura |Emele Onu
(Bloomberg) --Oko Finance, a Morgan Stanley-backed startup providing disaster insurance to farmers in Africa, was on track to become profitable this year — until US President Donald Trump's funding cuts gutted its biggest customer. The US Agency for International Development accounted for almost 75% of Oko Finance's revenue.
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