Doubts emerge over Ghana’s creditworthiness

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Doubts emerge over Ghana’s creditworthiness(0)

High-flying Ghana was dealt a serious blow as Fitch Ratings cut the country’s credit rating by one level on concerns that the authorities may not be able to curb the budget deficit and rein in debt. CONTINUE READING

: Felix Krohn / Foter.com / CC BY-NC-SA

UN watchdog says USD1trn needed to electrify Africa(0)

Africa is expected to spend more than a trillion dollars on electricity generation over the next 40 years, but it may still not be enough to meet the continent’s need. CONTINUE READING

Mauritius leads Africa’s governance ranking(0)

Island states emerged as Africa’s leading lights in terms of governance and rule of law. CONTINUE READING

: timparkinson / Foter / CC BY

Weak gov’t spending offers dim outlook for S. Africa(0)

South Africa will remain an economic laggard in Africa, as the government has few answers to the structural challenges facing the country, according to analysts. CONTINUE READING

: arthurjspring / Foter / CC BY-NC

Algeria’s presidential polls raise reforms optimism(0)

The Algerian economy is cruising along in low gear, but investors are hoping that presidential elections in April 2014 will speed up economic and social reforms. CONTINUE READING

: azza-bazoo / Foter / CC BY-SA

Sub-Saharan Africa’s GDP to expand 5% in 2013(0)

While Sub-Saharan Africa has growing trade ties with the rest of the world, many of the African countries remains largely disconnected and that may benefit the region as it posts sterling growth this year and the next. CONTINUE READING

: Lawrence Whittemore / Foter / CC BY-NC-ND

Oil majors wake up to South Africa’s shale potential(0)

Companies are buying stakes in the country’s natural gas sector after the government relaxed its exploration policy. CONTINUE READING

African tourism poised to create 4m jobs in 10 years(0)

Africa’s tourism industry could create nearly 4 million new direct jobs in the next 10 years with the right investment and planning policy, according to a new report by the World Bank. CONTINUE READING