ATAF, ACBF Forge Strategic Partnership to Elevate Africa’s Tax Systems
In a significant development for Africa’s economic future, the African Capacity Building Foundation (ACBF), the leading institution for capacity development in Africa, and the African Tax Administration Forum (ATAF), the continent’s premier authority in tax matters, have signed a Memorandum of Understanding (MoU). This MoU marks a critical step towards strengthening Africa’s tax systems by […]
AUC, GABI strengthen ties to advance trade, investment in Africa
The African Union Commission (AUC) and the Global Africa Business Initiative (GABI), an initiative of the United Nations (UN) Global Compact, have renewed their commitment to advancing development across the African continent. This follows the signing of letters of intent, marking a significant step towards strengthening the bond and realising the mutual goals of the two institutions. […]
Ghana breaks ground on first $12-billion phase of downstream petroleum hub
Ghana’s state-owned Petroleum Hub Development Corp. and a consortium of private-sector partners have broken ground on the first phase of the subregion’s first integrated downstream petroleum hub. Ghana’s state-owned Petroleum Hub Development Corp. (PHDC) and a consortium of private-sector partners have formally broken ground on the previously announced first phase of the West African subregion’s […]
EU Stepping-up Trade, Investments in West Africa
The European Union (EU) is taking steps to enhance its trade and investment engagement with West Africa (WA) countries, a high placed source at the Union told the Ghana News Agency (GNA). The source said the move was of a high priority for the EU explaining that the region had some of the heaviest economies with Nigeria being the biggest on the continent, followed by Ghana and Ivory Coast. Speaking […]
Africa’s Outsourcing Boom: Young Talent Fuels Industry Growth
Africa is forecast to create 1.5 million new BPO jobs over the next six years, with South Africa, Kenya, and Egypt poised to benefit. The business process outsourcing (BPO) sector in Africa – currently employing 1.2 million full-time equivalents across more than 400 contact centres handling international outsourcing contracts – is set for exponential growth. […]
Dig Deep to Aim High: How to use Mining to Unlock Mauritania’s Potential
These are exciting times in Mauritania. This nation connecting West and North Africa is transforming its economy through mining, green hydrogen, and natural gas. During the campaign for presidential elections, held on June 29, President Ould Ghazouani announced he would scale up the mining industry if re-elected. Here is the African Development Bank’s take on […]
GroConsult Crowned as Consulting Firm of the Year at the 10th Business Executive Excellence Awards 2024
We are thrilled to announce that GroConsult Management Consortium has been named the Consulting Firm of the Year at the prestigious 10th Business Executive Excellence Awards 2024. This remarkable achievement is a testament to our unwavering commitment to delivering exceptional services and driving the success of our clients across Africa. The Business Executive Excellence Awards, […]
AfDB President Adesina looks back after eight years at the top
Akinwumi Adesina wants one of the legacies of his tenure at the African Development Bank to be Africa’s own credit rating agency, run from the continent. He tells Chris Bishop why. He’s had his critics over the last eight years, but you could never really fault Akinwumi Adesina for a lack of passion and resilience. […]
Ghana Stock Exchange reaches record GH¢80billion market capitalization
In April 2024, the market capitalization of the Ghana Stock Exchange (GSE) surged to an unprecedented GH¢80.20 billion, marking a significant milestone. This remarkable increase was driven by substantial gains in the share prices of various companies, underscoring the positive market sentiment and bolstered investor confidence. As outlined in the GSE’s April 2024 Summary of […]
Côte D’Ivoire Bounces Back
The West African country looks to sustain growth based on rising productivity. Côte d’Ivoire, the world’s top producer of cocoa and third-largest supplier of cashews, enters the new year with optimistic growth expectations. The World Bank projects a GDP growth rate of 6.5% in 2024 and 2025, while the International Monetary Fund (IMF) anticipates similar […]