Pan-African bank – Ecobank Liberia Limited – has launched a new banking service in Liberia called Agency Banking which is intended to make banking easy for its clients in Liberia. The new service of the bank will offer deposit and withdrawal services through accredited agents to reach the most remote areas of the country, the […]
Category: West Africa News
Africa’s richest man Aliko Dangote joins Bill Gates to set up Multibillion Dollar Clean-Energy Fund
Bill Gates, the world’s richest man, and fellow philanthropists have revealed details of a fund for clean energy technology to be used in countries that have committed public money to double research and development. Gates, co-founder of Microsoft Corp., will be joined by at least 27 other private investors in the so-called “Breakthrough Energy Coalition,” […]
Interpol seizes $262m of illegal timber in W.Africa, Burkina Faso praised for cooperation
Interpol has announced that it had seized protected and valuable timber species from nine West Africa countries worth more than $262 million. The timber was seized during the “Operation Log” in Benin, Burkina Faso, Cote d’Ivoire, Gambia, Ghana, Mali, Mauritania, Senegal and Togo. The operation was carried out in West Africa, Central and South America […]
MTN Nigeria warns reprisal attacks on S.Africans will plunge Nigeria’s economy
MTN Nigeria has cautioned against reprisal attacks on multinationals that have links with South Africa owing to the xenophobic attacks on Nigerians in South Africa, saying any such occurrence would result in monumental loss and setback for the Nigerian economy. Xenophobic attacks on foreigners in South Africa by some group of South Africans has led […]
Extensive West African rail network planned to connect regional resource rich mines
When it comes to minerals found in our phones, laptops, cars and planes, most are found in the resource-rich mines of West Africa. Mineral exports are a major economic driver of nations such as Nigeria, Burkina Faso and Niger, and are predicted to rise from 109,000 tonnes a year to 3.4 million tonnes a year […]
Sierra Leone Sees ‘Sharp Rise’ in Ebola Cases as Medical Funding Goes Missing
by Frances Martel 17 Feb 2015 48 As the number of Ebola cases begin to rise for the first time in 2015, a new audit has uncovered more than $3 million in funding to fight Ebola in Sierra Leone is wholly unaccounted for. The government has vowed a prompt investigation as it begins to quarantine previously […]
Austerity advice comes back to Ghana
A policy think tank has called for a law to regulate excessive government borrowing, as Ghana’s public debt stock rose from 48.03 per cent in 2012 to 60.8 per cent in September 2014. The Institute of Economic Affairs (IEA) has warned that if a law is not passed to control undue government borrowing, the West […]
Ghana’s manufacturing sector registers negative growth
Photo©Reuters Persistent erratic power supply led to Ghana’s manufacturing sector growth dipping to an unprecedented negative 8% in the fourth quarter of 2014, eroding confidence in the business community, Association of Ghana Industries (AGI) has said. "The manufacturing sector continues to shrink and Ghana risks losing its industrial base if government policies do not quickly […]
Denmark to go after pirates in west Africa
The Danish Foreign Ministry has announced a new three-year strategy for combatting piracy that will see its efforts move to the coast of Nigeria for the first time. Denmark on Thursday announced a new strategy for combating piracy and armed robbery on the high seas that will see the nation expand its into the Gulf […]
