Business

Tue,24Jan2017

Business

Telecoms: A new ring for heavyweights

Ghana telecomsThe arrival of new international telecoms companies is generating innovation and cutting costs

 

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Pressure on interest and exchange rates

After the 12 May meeting of the Bank of Ghana’s monetary policy committee, bank governor Paul Acquah announced that the prime lending rate would remain at 18.5%.

 

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Banks: Lucky escape, only minor damage

Ghana banksThe Bank of Ghana is trying to strengthen the financial sector amid the global crisis

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Finding value in land and crops

 

Agribiz private equityPrivate equity firms which used to stay away from anything to do with agriculture, are flocking to buy land and add value to agricultural output.

 

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'Agrologistics' at home and abroad

 

AgribusinessFocusing on satisfying local markets rather than foreign demand may be the best way to start the virtuous circle that farmers need in order to expand.

 

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Who's Who in Mozambique


Armando Guebuza - President of Mozambique 

 

A party insider, Guebuza won battles within Frelimo in 2002 to win the candidacy for the 2004 presidential elections. More out-and-out politician than his predecessor, Joaquim Chissano, he won 63% of the vote and is expected to take the October 2009 poll comfortably. A keen believer in the power of business, he built up strong interests in fishing, construction and export industries before taking office. Results-oriented, he has also been behind a shift towards greater decentralisation and has helped focus education on the needs of the country.

 

Afonso Dhlakama - Leader of Renamo

 

Having failed to hold a single serious conference of Renamo militants despite running as candidate for each of the post-war elections, Dhlakama has not created an organised and disciplined opposition party. His frequent complaints of electoral fraud may be in part true, but the party has cried wolf too often. Renamo, created by Rhodesia then supported by apartheid South Africa and the US, was conciliated by Chissano, who knew peace depended on burying enmity, but Dhlakama has kept missing opportunities to reinvent both himself and his party.

 

Daviz Simango - Mayor of Beira

 

Replaced as the Renamo candidate for the mayorship of Beira in November 2008, the son of former Frelimo vice president Urias Simango went on to run as an independent, beating both main parties to be re-elected with more than 60% of the vote. A section of the Renamo membership of the area deserted to join him. His unofficial spokesman Geraldo Carvalho says he will run for the presidency in October; some suggest, however, that he would be wiser to stand first for a seat in parliament, and so take his time to move up from the local level in Beira.

 

Back to Mozambique, The Rising Tide

 

Mines, Transport and power needed

Mozambique exploration licences graphThe mining industry is a major earner of foreign exchange, but energy and transport constraints will hold the sector back. 


 

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