The world’s 69 poorest countries need an extra $436 billion over five years to address the aftermath of Covid-19, rebuild external buffers and grow incomes, the International Monetary Fund said. …
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News
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Electric car maker Tesla is starting production of its Semi lorry, chief executive Elon Musk has announced. Mr Musk confirmed via Twitter that deliveries of the lorry would commence on …
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AfricaAFRICA NEWSEconomyGhanaNewsWestern Africa
World Bank classifies Ghana as high debt distressed country, projects debt to GDP of 104%
The World Bank has classified Ghana as a high debt distress country as it projects the nation’s debt to Gross Domestic Product (GDP) of 104.6 per cent by the end …
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AfricaAFRICA NEWSEconomyNewsSouth AfricaSouthern Africa
Judge Bernard Ngoepe bows out as SA’s first Tax Ombud
Judge Bernard Ngoepe has officially ended his time as South Africa’s first Tax Ombud. Ngoepe held the role for three terms, from 2013 until 30 September 2022. The finance ministry said …
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AfricaAFRICA NEWSBusinessEconomyEnergyNewsOil & GasSouth AfricaSouthern Africa
Loss-making PetroSA seeks CEO to lead revamp
PetroSA is taking steps to end a legacy of mismanagement and continuing annual losses as it plans a project with TotalEnergies , according to its interim chairman. The state-owned oil …
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AfricaAFRICA NEWSBusinessEconomyNewsNigeriaWestern Africa
Buhari presents N20.5tr Budget, says it was prepared amid challenging economy
President Muhammadu Buhari on Friday, presented the 2023 appropriation bill to a joint session of the National Assembly in Abuja. According to the president, the 2023 Budget was prepared amidst …
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AfricaAFRICA NEWSAgricultureBanking, Finance & InvestmentBusinessEconomyNewsNigeria
ASA 2022: Sterling Bank, Microsoft others to unlock $1trn
Sterling Bank Plc has announced plans with her partners, Leadway Assurance, Nestle Nigeria Plc, Microsoft Nigeria, Thrive Agric, GIZ, Stears Data among others, to unlock $1trillion in Africa’s agricultural sector, …
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A Delaware judge ordered a halt to Twitter Inc’s lawsuits against Elon Musk on the eve of trial to give the billionaire time to finance his $44 billion takeover of …
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Rating agency, Moody’s has downgraded Ghana’s long-term issuer and senior unsecured debt ratings to Caa2 from Caa1 and placed the ratings on review for downgrade. The rating downgrade to Caa2, …
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AfricaAFRICA NEWSBusinessNewsNigeriaTechnologyWestern Africa
Nigeria poised to improving global competitive index, establishes six tech centres
The Federal Government of Nigeria is focusing on improving the country’s competitive index in the global market following the establishment of six technology centres across the country, according to Mr …