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Browsing: Development in Africa
- Ghana and the UK have unveiled an investor group to help identify mutually beneficial investment opportunities.
- Target industries are pharmaceuticals, textiles, and agro-processing.
- The announcement at the 8th UK-Ghana Business Council meeting in London, saw the two countries commit to strengthen trade and increase investment.
The UK and Ghana are looking to further strengthen boost their existing trade partnership with a new investor group. The two countries have launched a new investor group to help identify mutually beneficial investment opportunities boost existing economic partnership.
The announcement at the 8th UK-Ghana Business Council meeting in London, co-chaired by the Minister for Development and Africa, Andrew Mitchell, the Minister for International Trade, Nigel Huddleston, and the Vice-President of Ghana, Dr Mahamudu Bawumia, comes as the two countries committed to strengthen trade and increase investment.
Generate leads on viable projects
The business-led UK-Ghana Investor Group will include UK investors and key …
The countdown to the commencement of trading under the African Continental Free Trade Area is drawing to an end.
The world celebrates the coming of a new year with the hope of a reprieve from the chaos and hardships that 2020 brought. For Africa, the New Year’s Eve celebrations bring hope for a brighter future. A future with Africa no longer the dark forgotten continent left behind by the rest of the world. Neither engulfed by poverty, inefficiency, and negativity nor identified by conflict and hopelessness.
A future where Africa stands shoulder to shoulder with economic giants. Where economies of scale and scope position African manufacturers favorably. Where African economies boast integrated efficiencies and world-class digital infrastructure. Where road networks and physical infrastructure on the continent take a turn for the better. Where Africa means business and has the trade statistics to prove it.
Africa is going for gold and …
Since the turn of the century, Africa’s GDP has grown by 4.6 per cent annually, on average.
Domestic demand has been Africa’s key driver of the growth performance accounting for 69 per cent of annual growth between 2000 and 2018, according to the African Union (AU).
The AU notes that this is reflected in the demand for processed food which is growing 1.5 times faster than the global average. On the other hand, the demand for many other products such as vehicles, manufactured metals and industrial machinery, is expanding faster than the global average.
This makes it a good opportunity for local firms to grow in size and productivity.
Start-ups in Africa
On the tech front, start-ups in Africa have also increasingly emerged with the top three activities relating to information technology and communications (ICT) and internet services; digital applications and software; and the creation of audio-visual content and broadcasting.…