ACCRA, Nov 19 (Reuters) – Ghana will target economic growth
of 8 percent in 2014 and will seek to trim its budget deficit to
8.5 percent of gross domestic product, Finance Minister Seth
Terkper announced in an annual budget speech to parliament on
The government of President John Mahama is under pressure to
rein in its budget deficit, which has cast a shadow over an
economy growing rapidly thanks to oil exports in addition to
gold and cocoa production.
DAKAR (Reuters) – When Abasiama Idaresit started a digital marketing firm in Nigeria’s bustling economic capital three years ago, he quickly learned how brutal life can be in a market where tech startups are in their infancy.
No-one would lend him money to hire staff or pay for office space, so Idaresit spent eight months hustling the streets of Lagos, trying to convince clients his plan to help them develop online campaigns was a winner.
DAKAR, Nov 11 (Reuters) – When Abasiama Idaresit started a
digital marketing firm in Nigeria’s bustling economic capital
three years ago, he quickly learned how brutal life can be in a
market where tech startups are in their infancy.
No-one would lend him money to hire staff or pay for office
space, so Idaresit spent eight months hustling the streets of
Lagos, trying to convince clients his plan to help them develop
online campaigns was a winner.
LAGOS/ACCRA, Oct 30 (Reuters) – Pan-African lender Ecobank
announced the departure of chairman Kolapo
Lawson on Wednesday in an attempt to restore confidence after a
series of blows to its reputation.
Ecobank has often been touted as a pan-African success story
due to its strong growth and aggressive expansion strategy,
which have made it attractive to foreign investors. But
allegations of mismanagement have tarnished its image in recent
ABIDJAN/ACCRA (Reuters) – This year’s drop in world gold prices has been deeply sobering for West African countries, from established producer Ghana to promising newcomer Ivory Coast, whose prospects of mineral wealth are being snatched away.
As miners’ stock prices plummet and they have to consider suspending or halting new projects, many fear the dream that inspired West Africa’s gold rush may be gone for good and regional economies may be in for an abrupt awakening.
ACCRA, Oct 17 (Reuters) – Fitch ratings agency downgraded
Ghana’s sovereign rating on Thursday saying the government of
the gold, cocoa and oil producing country wasn’t keeping tight
enough control of its spending.
Ghana is considered one of Africa’s brightest economic
prospects with a stable democracy and an economy expected to
keep growing at 8 percent in 2013.
NAIROBI (Reuters) – Kenya rebuked the United States on Sunday for warning its citizens over travel to the east African country after the September 21 Nairobi mall attack, calling the alert “unfriendly” and asking Washington to lift it.
Interior Minister Joseph Ole Lenku delivered the diplomatic slap when he updated reporters on a government investigation into the assault carried out eight days ago by Islamist militants on the crowded upmarket Westgate centre.
NAIROBI (Reuters) – Kenya is “at war” with Islamist militants who attacked a Nairobi shopping mall, the government said on Saturday as it faced questions about whether it had received advance intelligence warnings of the deadly strike.
A week after the raid on the Westgate shopping centre that killed 67 civilians and police and was claimed by the Somali militant group al Shabaab, the government has been trying to reassure Kenyans that it can protect them from further attacks.
NAIROBI (Reuters) – Kenyan authorities are holding eight people in connection with an attack by Islamist militants on a Nairobi shopping mall and have released three others after the assault that killed 67 civilians and soldiers, the interior minister said on Friday.
Somali Islamist group al Shabaab said Saturday’s attack, which ended after a four-day siege by soldiers and police, was “just the premiere of Act 1″ and suggested it would be followed by other actions by its “warriors”.
NAIROBI, Sept 26 (Reuters) – Interpol issued a wanted
persons alert at Kenya’s request on Thursday for a British woman
who has been cited by British police as a possible suspect in
the attack on a Nairobi shopping mall that killed at least 72
The alert was issued as Kenyan police broadened the
investigation into the weekend raid by the al Qaeda-aligned
Somali al Shabaab group, the worst such assault since the U.S.
Embassy was bombed in the capital by al Qaeda in 1998.