🔒 Why Ghana went from hero to zero for investors
Ghana seems to be facing a meltdown with investors – lucrative crude oil production is both its blessing and curse.
Ghana seems to be facing a meltdown with investors – lucrative crude oil production is both its blessing and curse.
MTN is in advanced talks to sell stakes in tower assets in Ghana and Uganda worth as much as R8bn as Africa’s largest wireless carrier looks to accelerate a broader disposal plan.
Woolworths has pulled out of Ghana, the second time in six years the upmarket South African retailer has exited a market elsewhere on the continent.
MTN fell the most in six months after Africa’s biggest mobile-phone company by sales warned that the reinstatement of economic sanctions in Iran had tied up cash in its second-biggest market while debt rose by 22 percent.
RMB has successfully closed a new US$20million letter of credit and performance bond facility for BAM International, the largest construction company in the Netherlands.
The dire need for power in West Africa will be partly met by three power station financings, the last of which reached financial close last year.
West African nations pledged to ensure that Yahya Jammeh keeps his assets and won’t be prosecuted after the former Gambian president relinquished power and left the country.
The way South Africa approaches free speech will determine whether it follows the disaster called Zimbabwe, or manages to arrest the slide and settle into a Kenyan-type future.
IRR policy fellow Rabelani Dagada tracks the development of Malaysia and Ghana and suggests why one is in a far superior position to the other.
Prince Sarpong responds to Michael McWilliams’ article around ‘White Privilege’, which looked at the birth of bling and how he saw it being developed through the African Cargo Cult.