Business

Thu,17Apr2014

Business

Energy: Ghana's gas processing plant at the end of the rainbow

The Kwame Nkrumah FSPO unit reflects high hopes at Jubilee. Photo©TullowAfter a series of delays and technical problems affecting the whole value chain, the state-owned petroleum company's new chief executive promises lift-off in July.

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Licensing: More for governments, less for companies

The latest rounds of oil exploration licences have greater strings attached. Photo©Peter Langer/Design Pics/Corbis Analysts worry that Africa will become less attractive for exploration as states try to get more from the oil and gas sectors.

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Money Transfer: Are Africans getting ripped off?

Migrant workers from some African countries pay charges as high as 20 percent to send savings home, the ODI report said. Photo©ReutersAfricans in the Diaspora are charged twice the global average in taxes to send money to relatives back home, a recent study has revealed.

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Finance: Ghana's smaller fistful of dollars

The cedi’s exchange rate with the dollar slipped from ¢0.90 in 2007 to ¢2.56 in February 2014. Photo©ReutersThe government has restricted forex transactions and raised interest rates to protect the value of the cedi, which has been in decline for several years.

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Transport: East African nations seek funding adviser for $4 bn railway

Photo©ReutersTanzania, Rwanda and Burundi are looking for an adviser to help them secure financing for a $4.13 billion railway project aimed at boosting cross-border trade in the region.

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Nigeria beefs up security in Abuja for World Economic Forum

Nigerian Finance minister Ngozi Okonjo-Iweala says the tragic events [Monday bombing] will not stop Nigeria from delivering on their promise to host a world-class meeting. Photo©ReutersNigeria says it is prepared to host the World Economic Forum on Africa in May, despite growing insecurity, as the threat posed by extreme Islamist group, Boko Haram continues to grow.

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Zimbabwe: Synthetic hair manufacturing thrives despite bleak business environment

If there's one business in Zimbabwe that is bouncy despite economic decline, it is the production of synthetic hair products.

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