Business Affairss

Ghana : Central Bank maintains key rate at 30%

The Central Bank (BoG) announced that it had kept its key rate unchanged at 30%. Ghana had recorded an inflationary increase of 54.1% in December 2022 and fell significantly to stand at 40.1% in August 2023, a reduction of 14%. The pressure on pric…

Corruption : the ADB suspends a company for 15 months

The ADB had excluded the company Joycot General Contractors Limited from its calls for tenders for a period of fifteen months, for fraudulent practices. An investigation by the Bank Group Integrity and Anti-Corruption Office (PIAC) has established …

Financial market : Togo raises 110 billion FCfa

Togo raised 110 billion CFA francs on Monday during a new operation on the regional market. Investors had the choice between Treasury Bonds and Assimilable Bonds (BAT and OAT). The initial amount sought was 100 billion CFA francs. The coverage rate…

Copper and cobalt : DRC plans $350 million factory for processing

The world’s third largest producer of copper, the DRC also supplies 70% of the world’s cobalt supply. Thus, it will launch the construction of a $350 million factory to transform copper and cobalt from artisanal mining. The objective is to produce …

Nearly 200 stock theft cases reported in Oshikoto this year

A total of 783 livestock, with an estimated value of N.dollars 2.8 million, was reportedly stolen in the Oshikoto Region between January and September 2023.

According to a crime report issued by the Namibian Police Force’s Oshikoto Deputy Commissi…

Mali: finance law 2024 crosses the mark of 3,000 billion FCFA

The state budget of Mali has crossed the 3,000 billion FCFA mark for the first time in the history of the country’s public finances. Budget revenue forecasts amount to 2,377.111 billion CFA francs compared to 2,304.475 billion CFA francs in the 20…