Why a recent business exodus from Africa should be a wake-up call for multinationals
For the last decade, Africa has tempted businesses with the promise of immense opportunity. The continent’s rapidly growing youthful population, vibrant cultural scenes and wealth of natural resources have drawn significant interest from businesses from around the world. So, with all signs pointing to growth for those entering this market, why are many big corporations […]
African Energy 2024: Surging Investment, Waves of Change
I’ve said for years that African energy is a vital investment. Backers clearly agree — to the tune of USD47 billion. That’s how much capital expenditure (capex) 2024 saw in African oil and gas, showing a 23% increase from last year. Better yet, we expect growth to continue through the end of the decade. This […]
Why Africa and the Middle East are emerging as top travel destinations in 2025
As the world looks to 2025, Africa and the Middle East are stepping into the spotlight as premier travel destinations. With a mix of affordable luxury, diverse cultural experiences and breathtaking landscapes, this dynamic region is preparing to welcome a surge of international travellers. Tony Romer-Lee, Co-founder and Managing Partner of Valor Hospitality AMEA, offers […]
African Energy Chamber (AEC) Urges Ivory Coast To Continue Being A Home Of Oil & Gas (O&G) Investment
Ivory Coast is emerging as a powerhouse in West Africa’s oil and gas industry, driven by a solid regulatory framework, attractive fiscal terms and innovative partnerships. Home to significant hydrocarbon reserves and progressive policies, the country has drawn investments from leading energy companies, cementing its status as a regional hub for energy production and exploration. […]
Ghana’s quest to become financial hub takes a giant leap
Back in 2007, the then government led by President John Agyekum Kufuor established the off-shore banking concept in Ghana with the sole purpose of making Ghana the financial hub in the sub-region and to attract badly needed capital into the country. Within a few months of establishing the off-shore banking concept, the economy attracted huge […]
South Africa’s Telecommunications Landscape: Opportunities and Insights for Investors
South Africa’s telecommunications landscape is rapidly evolving, becoming a crucial component of the economy and connecting an increasingly diverse population. As the country adapts to a growing demand for connectivity, mobile and fixed-line broadband services are expanding at an unprecedented rate. This article explores the current trends, challenges, and opportunities within the South African telecommunications […]
Property taxes and Ghana’s development
At a time when the domestic revenue from the traditional tax sources is fast dwindling, governments in the last two decades have made some attempts to focus on what many have described as ‘low hanging fruit’, property taxes, to shore up domestic revenue. At a time when the domestic revenue from the traditional tax sources […]
Why gold equities are continuing to underperform the gold price
JOHANNESBURG (miningweekly.com) – Why is it that gold equities are continuing to underperform the gold price? That is a question Mining Weekly put to Barrick president and CEO Dr Mark Bristow after he noted the lag of gold equities during the presentation of the third-quarter results of his New York- and Toronto-listed gold and copper mining company. The gold equity underperformance comes amid demand for physical gold putting upward pressure on the gold price as de-dollarisation within […]
Ghana’s Oil Boom: How Groconsult Supports Oil & Gas Companies with Payroll, HR, and Compliance Services
In recent years, Ghana’s petroleum industry has experienced a substantial boost, with new oil wells driving revenue to unprecedented levels. This surge in oil production presents a golden opportunity for companies in the sector to expand operations, increase output, and contribute to the national economy. However, with growth comes the demand for strategic support in […]
New oil wells boost Ghana’s petroleum revenue to record level
The commencement of new oil wells under the Jubilee South East project has significantly boosted Ghana’s crude oil production. This has led to a 10.7 per cent increase in output and a record high for the country’s petroleum receipts. According to the 2024 semi-annual report by the Public Interest and Accountability Committee (PIAC), the total […]