Ghana’s First Gold Refinery: Outlook and Expectations
Ghana, the crown jewel of Africa’s gold production, has just flipped the switch on an exciting new chapter in its economic story. The country, known as the continent’s top gold…
Electrification empowers rural communities in The Gambia
With the steadfast backing of the ECOWAS Bank for Investment and Development (EBID), REEP has breathed new life into the heart of rural provinces through the deployment of cutting-edge infrastructure.…
Frustrated Ghanaians brace for more disruptions in power
Exasperated Ghanaians already grappling with frequent, unplanned power outages are steeling themselves for more misery after electricity distributors announced increased disruption to the grid in the coming weeks. The blackouts…
Lagos Ranked Second Cheapest City To Live In Globally
According to Mercer’s latest Cost of Living City Ranking, Lagos has been named the second most affordable city to live in globally, out of 226 cities surveyed across five continents.…
Ghana gets World Bank’s approval for $250 million loan as Nigeria expects $2.25 billion this month
The World Bank has approved a $250 million International Development Association (IDA) credit for Ghana’s Financial Stability Project. According to a statement from the bank on Monday, this initiative is…
AfDB invests $1bn to upgrade 12 hydropower plants
African Development Bank (AfDB) has invested US$1 billion to upgrade 12 hydropower plants. The latest report by the International Hydropower Association(IHA), shows that hydropower capacity in Africa grew this year…
Six Nations Oppose Nigeria’s Bid To Host African Energy Bank
About half a dozen of key African countries have opposed Nigeria’s bid to host the African Energy Bank. The countries include Ghana, South Africa, Egypt, Benin, Ivory Coast, and Algeria,…
Top 10 African Countries Leading the Fastest-Growing Economies in 2024
The African Development Bank’s Macroeconomic Performance and Outlook (MEO) report, released on Friday, predicts that African countries will have the world’s fastest-growing economy. According to the survey, African countries account…
Top 10 busiest seaports in Africa
Seaports in Africa are the lifelines of global trade on the continent. They are hubs that connect producers, suppliers and consumers on the continent and beyond. These ports facilitate the…
Top 10 African Countries With the Largest Gold Reserves in 2023
Africa is home to some of the world’s most substantial gold reserves, with several countries holding over 100 metric tons of this precious metal. These reserves represent a considerable source…