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There’s one thing standing between Ghana and a new Eurobond sale: the International Monetary Fund’s concern that the West African country may abandon monetary reforms and budget targets in the run-up to elections scheduled for December. The IMF last week sought a guarantee that Ghana won’t use central-bank funding to sidestep fiscal structures agreed with the Washington-based lender last year, according to people familiar with the matter. Without that assurance, investors probably won’t bite if Ghana tries […]

 Investing in infrastructure and human resource development are crucial for Africa to realize Agenda 2063, a high-level panel during the Sixth Tokyo International Conference on African Development (TICAD VI) heard Saturday in Nairobi. The panel, under the theme “Africa, towards 2063 and beyond”, sought to sought to discuss challenges, opportunities and strategies for development as Africa moves towards 2063, and what Asia and Africa can learn from each other. Agenda 2063 is an African Union-driven action […]

The African Export-Import Bank (Afreximbank) and the Export-Import Bank of China have signed a cooperation agreement to create a $1 billion China-Africa Investment and Industrialization Programme to facilitate the construction and creation of industrial parks and special economic zones on the continent. The agreement, signed by Afreximbank President Dr. Benedict Oramah and Lui Liang, President of Export-Import Bank of China, during the 23rd Annual General Meeting of Shareholders of Afreximbank in Mahe, Seychelles, on Saturday, will […]

Bluestar Capital a UK based project and trade finance provider specializing in sub-Sahara Africa has secured the mandate to assist Ivorian Ministry of Transport to arrange over USD$1billion to support its Road Transport development programme. The funds will be used for the procurement of 50,000 Vehicles of various types to support the national fleet renewal programme.  The key factors of the project are creation of Jobs, wealth in Road Transport and amelioration of safety route with […]