Ghana: Latest News
Dana Sanchez, 5:52 pm
Ghana hasn’t had a national long-haul carrier since Ghana Airways, one of Africa’s oldest airlines, stopped flying in December 2015. Getting one will remove one of the stumbling blocks that prevented Accra from becoming a West African hub for air travel. There is no strong airline and no airport hub in West and Central Africa. Ghana made up for the absence of a strong carrier by issuing other airlines rights to carry passengers from Accra.
Staff, 12:02 am
For New Yorker Starrene Rhett-Rocque, buying fresh flowers or an occasional stroll in the park was about the extent of her interactions with nature. After learning she had Ghanaian ancestral heritage, she booked a trip. Nervous about venturing into the wilderness, she put her fears aside. “I played with mona monkeys at the Tafi Atome Sanctuary, and even attempted to climb Mt. Afadjato. Despite my aversion to nature, I had a good time, even when things got difficult.” You can read her six-part series here.
Peter Pedroncelli, 5:20 am AFKI Original
The French Ligue 1 enjoys a long history of attracting quality soccer players from all over Africa. The 2016-17 season in France is proving to be exciting, with players from the continent determined to contribute quality performances for their French clubs in the top-flight. Here are 12 African players to look out for in the French Ligue 1 this season.
Dana Sanchez, 11:12 am
Africa’s largest lender, Johannesburg-based Standard Bank this year made $2 billion in loan commitments to Chinese-owned development projects in Africa, and it plans to help Chinese entrepreneurs seek African investment opportunities in areas such as retail. Access to credit remains a challenge for many Africans. Standard Bank says its opportunities lie in working “on the yuan’s internationalization and helping Chinese companies transform from … contractors to investors.”
Tom Jackson, 9:29 am AFKI Original
E-commerce in Africa is a very long-term play indeed. Aside from issues with logistics, there are also problems with online payments, which still suffer from a lack of trust, and the sheer fact Africans still prefer to shop online. Moreover, fewer than 30 per cent of Africans have internet access. The Nigerian e-commerce powerhouses, however, have their eyes on a far greater prize, and are prepared to stomach losses for a number of years.
Kurt Davis Jr., 3:41 pm AFKI Original
Sub-Saharan African banks are late to the party. More than 75% of Africans lack access to traditional banking. Fintech offerings with the most potential are the ones that address the unbanked and underserved. Addressing Africa’s poor is impactful and a money maker, but it’s also time-consuming — something to consider if you want a quick return. Africans may be quick to try a mobile app or technology but end users are not always quick adopters. Here are five sub-Saharan markets with the most opportunities in fintech.
Kevin Mwanza, 9:08 am
China is fast becoming the preferred partner for economic development by many African governments that have however, been accused of prioritizing economic development over civil rights and freedoms. The Asian superpower rivals the U.S. and has outmatched it especially in Southern, Central and North Africa, according to a survey by Afrobarometer, a research project in sub-Saharan Africa.
Staff, 7:28 am
It became clear during my exploration of Osu, one of Accra’s fashionable districts, that Oxford Street never sleeps. I saw vendors hawking everything including knockoff Puma soccer jerseys and Rolexes. They can tell who isn’t local, so be prepared to be followed for a few blocks by people aggressively trying to get you to make purchases. That latter is something that I never got used to. Street vendors are a given in Ghana, but one of my favorite things about Osu is that there are also many chic boutiques that offer a calmer shopping adventure.
Dana Sanchez, 12:11 pm
Oil-importing African countries are showing an improved business environment as the continent endures its slowest growth in more than two decades. In contrast, countries that export commodities are under economic pressure due to low oil prices including three of Africa’s largest economies. Some countries that are doing better are predicted to grow at more than 6 percent. IMF predicts average growth will fall to 1.4 percent in 2016, less than half of 2015 growth.
Kevin Mwanza, 8:15 am
Ghana, will offer gas from the Jubilee oil and gas field to the Chinese government from 2018, as part of securing an additional $1.5 billion from a loan deal with China Development Bank. The government said that this part of its self-financing loan strategy initiative to ease the burden on the nation’s tax-payers, and will not plunge the West African nation into power crisis
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