Matthew's Feed
Sep 16, 2014

Ghana starts talks with IMF with public sector reform on agenda

ACCRA, Sept 16 (Reuters) – Ghana opened talks with the
International Monetary Fund (IMF) on Tuesday, hoping to secure
financial assistance to restore its fiscal balance but knowing
the road to success runs through painful public sector reform.

The government is in a stronger position than when it
announced the talks in August because it launched a $1 billion
Eurobond at a rate that surprised the market last week. It has
also secured a record $1.7 billion loan to fund cocoa purchases.

Sep 11, 2014

Ghana sells $1 bln Eurobond at less-than-expected rate of 8.125 pct

ACCRA, Sept 11 (Reuters) – Ghana sold a $1 billion Eurobond
on Thursday at a coupon rate of 8.125 percent, lower than
analysts had expected given the fiscal difficulties faced by the
West African producer of cocoa, gold and oil.

The country is a rarity in West Africa due to its record of
political stability and sustained strong economic growth, but it
is wrestling with escalating inflation, a falling currency and a
stubbornly high budget deficit.

Jul 4, 2014

In Africa, a Cube and a Parachute test consumer demand

LONDON/ACCRA, July 4 (Reuters) – Tucked in a corner of a
Guinness brewery in a run-down part of Ghana’s capital, flanked
by industrial silos and crates of bottles, stands the Cube, a
gleaming mini-factory that may point the way forward for global
consumer goods companies in Africa.

The tiny blending and bottling plant for Gilbey’s gin,
housed inside five connected shipping containers, gives Diageo
, the world’s largest spirits maker, a way to test demand
for new drinks while minimising capital deployment.

Jun 23, 2014

West African Ebola epidemic “out of control” – aid group

ACCRA/DAKAR, June 23 (Reuters) – An Ebola epidemic in
Guinea, Liberia and Sierra Leone is out of control and requires
massive resources from governments and aid agencies to prevent
it spreading further, medical charity Médecins Sans Frontières
said on Monday.

In its latest report on the crisis, the U.N. World Health
Organisation said the regional death toll had reached 350 since
February. The crisis is already the deadliest outbreak since
Ebola first emerged in central Africa in 1976.

Jun 13, 2014

Once a model for Africa, Ghana’s economy loses its shine

ACCRA (Reuters) – Rising bond yields, mounting inflation and a weakening currency have taken the shine off Ghana, a country until recently hailed as a model for African growth.

An oil boom helped fuel five years of GDP growth above 8 percent making Ghana an emerging market star, a stable democracy whose population of 25 million was moving steadily into middle income status.

May 16, 2014

Abductions seen as just one factor in coming Nigeria election

ABUJA (Reuters) – Nigerian President Goodluck Jonathan’s last-minute decision to cancel his first visit to the village where Islamist rebels abducted more than 200 schoolgirls has sharpened criticism of his handling of the crisis.

Yet the government’s performance since last month’s kidnappings is unlikely to prove decisive for Nigeria’s polarized electorate if Jonathan decides to stand for re-election next February, analysts and voters said on Friday.

May 15, 2014

Hunt for abducted Nigerian girls ‘unlikely to have happy ending’

ABUJA (Reuters) – Nigeria’s hunt for more than 200 abducted schoolgirls is not all that it seems. In public, an international operation is gathering pace while behind the scenes, officials say it is unlikely to deliver the success that global opinion demands.

The United States and Britain are helping Nigerian forces in the effort to liberate the girls taken from their school in Borno state a month ago by Boko Haram Islamist militants.

May 12, 2014

Nigeria’s Boko Haram offers to swap kidnapped girls for prisoners

ABUJA (Reuters) – The leader of the Nigerian Islamist rebel group Boko Haram has said he will release more than 200 schoolgirls abducted by his fighters last month in exchange for prisoners, according to a video seen by Agence France-Presse on Monday.

Around 100 girls wearing full veils and praying are shown in an undisclosed location in the 17-minute video in which Boko Haram leader Abubakar Shekau speaks, according to the French news agency.

May 11, 2014

Nigeria president optimistic over finding abducted schoolgirls

ABUJA (Reuters) – Nigerian President Goodluck Jonathan said on Sunday international military and intelligence assistance made him optimistic about finding 200 schoolgirls abducted last month by Islamic militants in an attack condemned globally.

Israel became the latest country to offer help to Nigeria since April 14 when militants from Boko Haram stormed a secondary school in the northeastern village of Chibok and seized 276 girls who were taking exams. Some managed to escape but around 200 remain missing.

May 11, 2014

Nigerian army posts two divisions to hunt for missing girls

ABUJA (Reuters) – Nigeria’s army has posted two divisions to hunt for 200 schoolgirls abducted last month by Islamist rebels in an attack condemned globally, including by U.S. first lady Michelle Obama on Saturday.

The soldiers are stationed in the border region close to Chad, Cameroon and Niger to work with other security agencies, said General Chris Olukolade, spokesman for the Defense Headquarters.