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 Accelerates Investment in West Africa for Stronger Economic Ties
EU Accelerates Investment in West Africa for Stronger Economic Ties The European Union is significantly ramping up its trade and investment in West Africa, signaling a transformative phase in the region’s economic landscape. As global markets evolve and strategic partnerships take center stage, the EU’s renewed focus on fostering deeper commercial ties with West African […]
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. […]
How Mining Is Unlocking Mauritania’s Potential
Unlocking Mauritania’s Potential Through Mining Mauritania’s Potential lies in its untapped mining resources, offering a unique opportunity for economic transformation and sustainable development. As global demand for minerals rises, Mauritania is strategically positioned to become a key player in the mining sector. However, realizing this potential requires the right investment, expertise, and partnerships. This blog […]
GroConsult Crowned as Consulting Firm of the Year at the 10th Edition of the 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 with Unstoppable Growth
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 […]
African Countries Reap Highest-ever Fiscal Benefits from Tax Transparency 2024
Launched on Monday 03, 2024 at the 15th Meeting of the Africa Initiative in Lomé, Togo, Tax Transparency in Africa 2024: Africa Initiative Progress Report shows African countries collected more fiscal revenue through tax transparency, exchange of information and related measures in 2023 than over the 13 preceding years combined. With EUR 2.2 billion of additional revenue reported by 7 African […]
Tax Transparency in Africa 2024: Africa Initiative Progress Report
NEW EDITION PUBLISHED ON 3 JUNE 2024 Tax Transparency in Africa is a key output of the Africa Initiative, a programme established in 2014 to ensure that African countries are equipped to exploit the latest improvements in global transparency, to better tackle tax evasion and other illicit financial flows and ultimately improve domestic resource mobilisation to support their […]