Browsing: Ghana

• The annual meeting for the African Development Bank Group will be held in Accra, Ghana, from May 23-27, 2022
• The theme for the AfDB 2022 meeting is Achieving Climate Resilience and a Just Energy Transition for Africa
• This year marks the 57th AfDB Annual Meeting of the Bank Group’s Board of Governors and the 48th Meeting of the African Development Fund (ADF), the concessional arm of the Bank Group
• The Bank will launch the 2022 report for the African Development Bank’s African Economic Outlook during the annual meeting

The annual meeting for the African Development Bank Group will be held in Accra, Ghana, from May 23-27, 2022.

This is the first meeting in two years to be held in person since the COVID-19 pandemic hit Africa. The previous two meetings have been held virtually. This year, however, will be both physical, which will take place at the Accra International Conference …

• Nissan has opened a new state-of-the-art Navara assembly plant in Ghana
• This marks the second Nissan assembly plant after the Nissan plant in Rosslyn, South Africa
• Ghana imports over 100,000 vehicles yearly; 90 per cent of these are used vehicles, with an estimated value of US$1.14 billion annually

Nissan and Japan Motors have grown a keen interest in the automotive industry in countries among the largest economies in Africa.

The president of Ghana, Nana Addo Danquah Akufo-Addo, officially opened the brand-new state-of-the-art Nissan Navara assembly plant in Tema, Accra, on March 31, 2022.

This marks the second Nissan assembly plant after the Nissan plant in Rosslyn, South Africa.

Ghana and Nissan started their partnership together in 2018 when the latter became the first mover in the West African country to sign an MoU with the state to work towards creating the Ghana Automotive Development Policy.

Read: Faze Banks Net Worth …

There are twenty-two irrigations projects under GIDA, covering 6,505 hectares. Additionally, there are twenty-two schemes constructed under the Small Scale Irrigation Development Project (SSIDP) and six schemes under the (Small Farms Irrigation Project) SFIP.

The SSIDP and the SFIP projects are all less than 1,000 hectares in size, except for the Tono and Kpong Irrigation Projects, which have about 2,500 hectares and are overdeveloped.

The primary beneficiaries of the irrigation projects have been indigenous small-scale farmers. However, the outputs have not been very encouraging, and the lack of maintenance of the projects has rendered most of the schemes unproductive.

Moreover, 14 companies have been enlisted and have taken up more than 3,000 hectares of land to cultivate commercial farming operations.…

Thomas James, Agritech West Africa’s project director, said that the rising demand for food and the targeted food growth in Ghana and West Africa requires innovation and mechanization in agriculture patterns. This could be done by adopting new and modern agriculture technologies, machines, crop care practices, irrigation, warehousing and storage facilities.

Ghana has invested heavily in mechanisation in agriculture, importing Tractors, Spares, Implements, Agrochemicals and Irrigation setups worth US$1 billion. Annually, Ghana imports over 10,000 tractors and their associated implements and parts.

The seminars, pre-fixed meetings and conferences in the exhibition will help Ghanaian and West African agriculture-based companies an opportunity to network with manufacturers and suppliers from across the globe.…

There were more than 3,000 delegates that participated in the conference this year, boosting trade and investment ties between the continent and the UK.

The UK government is also mobilizing support from the United Kingdom Export Finance (UKEF) to boost exports to Africa. Prime minister Boris Johnson’s administration, provided support worth US$3.04 billion in 2021.

In West Africa, the support has been directed towards a range of significant infrastructural projects, construction of major roads, environmental and social work, medical services and technological equipment.…

The Vienna World Conference on Human Rights in 1993 was forced to address women’s rights as a human rights issues because of the violence and sexual abuse against women occurring in Yugoslavia at the time.

The Fourth International Women’s Conference was held in Beijing in 1995 made human rights and women’s participation in decision making at all levels key. One of the recommendations was for the countries to have gender desks in the Ministries, Departments and Agencies including Security Services. It cautioned against the specific establishment of Women’s Ministries as these would take gender issues to the periphery as that ministry would be saddled with all matters gender-related.

The conference also discussed the eradication of poverty, women in armed conflict and violence against women. …

Norrsken22 plans on capitalizing on its general partners’ years of experience and investment philosophies to back startups in fintech, MedTech, Edtech, and market-enabling solutions such as B2B marketplaces and inventory management businesses.

Kolbe, whose previous firm Actis backed Egyptian fintech giant Fawry in 2019 as it prepared to go public, said Norrsken would look at Egypt ‘opportunistically.’ 

Deals from the country that may be of interest to the firm will be those planning an expansion into the four markets Norrsken22 is currently keen on, including Nigeria, Ghana, Kenya and South Africa.…

The programme will facilitate access to the Royal Academy’s global network of experienced, high-profile and business experts, in addition to access to the alumni network upon completion of the programme.

Moreover, 2022 is the programme’s second consecutive year to render a digital experience, with rigorous support provided through person-to-person and group discussions.

Four finalists will pitch their revised and improved innovations and business plans to the judges in the presence of a live audience.…

West Africa’s largest market, the huge Kumasi Market in Ghana has more than 12,000 shops and stalls and with the traffic it receives, upgrades are inevitable.

Up to 800,000 people visit the Kumasi Market in Ghana, which neighbours Benin and Togo, each day.

There have been numerous fires in the area because of its size and unplanned development, which has caused the destruction of many stalls and the loss of jobs.

To avoid this, the Deutsche Bank together with the UK Export Finance Agency and the African Export-Import Bank have signed a financing agreement for the second phase of the Kumasi Market reconstruction project.…

The main objective of the bloc is to promote economic interdependence and cooperation among member states to raise the living standards and encourage economic development.

Exportation in Mali is already feeling the pressure of the political instability in the country. Exports reduced from CFA552.39 billion in the first quarter of 2021 to CFA495.87 billion in the second quarter.

Mali lists among the poorest nations in the world. According to the 2021 Index of Economic Freedom, absence of property protection rights and a transparent and honest judicial system, and the higher degree of corruption tolerance makes it impossible to achieve greater economic freedom in the country.…