Business

Sat,04Jul2015

Business

Deliberate trade policies for Africa's industrialisation

Photo©ReutersAfrican countries can use deliberate trade policies to achieve growth through industrial development and structural transformation.

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Ghana - China trade surpasses $5 billion

Photo©ReutersThe volume of trade between Ghana and China reached $5.6 billion at the end of 2014, making the Asian country the single biggest trading partner with the West African country.

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Hospitality investments: AccorHotels in Africa expansion with Angola deal

Sebastien Bazin, Chairman and CEO of AccorHotels. Photo©ReutersAccorHotels has sealed a deal with Angolan insurance and investment company AAA Activos to open 50 hotels in the country by 2017, the French company said, as part of its expansion in Africa.

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Banking: National Bank of Kenya sees growth plan delayed three years

‪Munir Ahmed, CEO National Bank‬. Photo©ScreenShot rich.co.keNational Bank of Kenya's (NBK) expansion plan could be delayed by at least three years after its failure to win approval for a rights issue, the bank's chief executive said.

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Ugandan central bank chief says shilling depreciation "unavoidable"

Uganda's central bank governor said it was not sustainable to continue supporting the currency and maintain it at a level not reflective of its market value and that depreciation was "unavoidable" because of weak exports.

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Ghana's price hikes anger workers

Ghana's utilities regulator has increased electricity and water tariffs by between 15 and 52 percent sparking protests from workers who say unrestrained price increases are eroding incomes.

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Rwanda targets $1.2 bn foreign investment in 2015

Rwanda aims to increase foreign direct investment in 2015 to $1.2 billion, a fourfold jump from two years ago, helped by a new investment code that offers tax breaks and other incentives, a senior official said on Thursday.

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