Fairfax Said to Raise About $500 Million for New Africa Fund
Canadian insurer sold stock via IPO on the Toronto bourse
Fairfax had aimed to raise as much as $1 billion for fund
Prem Watsa’s...
‘Death Spiral’ Looms for Zimbabwe Economy as Cash Runs Out
Cash shortage leaves account holders unable to access funds
Bond notes issuance a disaster, economic professor says
Zimbabwe’s crippling cash shortage has left a...
Moody’s Says Ghana Deficit Will Heighten Currency Volatility
Country seeks to finalize audit of budget arrears by Feb. 15
Discovery of unpaid spending is credit negative, Moody’s Says
Ghana’s worse-than-expected budget deficit...
Nigeria Says Will Make Overdue Payments to Ex-militants in Niger Delta
Nigeria will soon pay all the overdue cash stipends it owes former militants who signed up for an amnesty in 2009 in the Niger...
GE Proposes Investing in Nigeria’s ailing Oil Refineries
General Electric Co has proposed investing in Nigeria's oil refineries, potentially convening a consortium of companies to improve capacity at the run-down facilities.
GE's plan...
Ghana Finds a $1.6 Billion Hole in Budget
Amount uncovered in preparing 2017 budget, vice president says
IMF had warned that nation will probably miss deficit target
Ghana’s budget deficit could be...
Ghana Eyes 1.5 Million Jobs in Farming Push for More Food
Country seeks to cut reliance on food imports, says official
Ghana to raise annual cocoa output to more than 1 million tons
Ghana targets...
Cros Agro Invests in Potato, Coffee, Ginger Farms in Kaduna
Cros Agro Allied Ltd, a BlackPace company is making huge strategic investment in potato, oil palm, cocoa and ginger production to create employment opportunities...
Nigeria Tells Shell, Eni to Temporarily Cede Oil Field Control
A Nigerian court has ordered Royal Dutch Shell Plc and Eni SpA to cede control of a jointly owned oil license to the government...
Fitch Downgrades Nigerian Rating Outlook on Dollar Shortages
Lack of foreign currency hampering West African economy
Low government revenue poses risk to debt sustainability
Fitch Ratings Ltd. revised the outlook on Nigeria...
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