Finance Minister Cassiel Ato Forson says Ghana’s economy could reach $140B by 2026, having surpassed $100B. Cassiel Ato Forson highlighted that Ghana’s economy has surpassed the $100 billion mark, a milestone he attributed to broad-based macroeconomic recovery across all major sectors in recent months. He recalled that the government inherited an economy valued at under… Continue reading Finance Minister projects Ghana’s economy at $140B by 2026.
Category: Where to Invest in Africa
Egypt plans a $4 billion refinery upgrade to slash fuel import costs.
Egypt is committing $4 billion to upgrade and expand its oil refining industry, aiming to improve energy security, increase domestic economic benefits, and reduce reliance on imported fuel. Karim Badawi, Minister of Petroleum and Mineral Resources, stated that the initiative includes six refinery modernization projects intended to boost national refining capacity and operational efficiency. Badawi… Continue reading Egypt plans a $4 billion refinery upgrade to slash fuel import costs.
Botswana subsidiary put up for sale as African banks show interest.
Several of Africa’s leading banks are positioning themselves for a potential acquisition as Standard Chartered moves to divest its operations in Botswana, reflecting a broader trend of regional lenders expanding while some global players scale back their African presence. According to sources familiar with the matter, the London-based bank has begun engaging prospective buyers and… Continue reading Botswana subsidiary put up for sale as African banks show interest.
Gold production drives growth in Burkina Faso, unlocking $33 million IMF support.
The International Monetary Fund has released approximately $33.2 million to Burkina Faso following the fourth review of the country’s Extended Credit Facility (ECF) programme, reflecting ongoing confidence in the Sahel nation’s economy despite ongoing security and humanitarian challenges. In addition, the IMF approved a new Resilience and Sustainability Facility (RSF) worth around $124.3 million, set… Continue reading Gold production drives growth in Burkina Faso, unlocking $33 million IMF support.
Business magnate Rabiu Abdulsamad regains ground among Africa’s richest individuals.
Latest rankings by the Bloomberg Billionaires Index indicate that Rabiu Abdulsamad has moved ahead of Naguib Sawiris, securing the fourth spot among Africa’s wealthiest figures. Rabiu Abdulsamad has seen his fortune climb to $11.3 billion, reflecting a year-to-date increase of $1.21 billion. Although Naguib Sawiris holds a similar overall net worth, his gains this year… Continue reading Business magnate Rabiu Abdulsamad regains ground among Africa’s richest individuals.
COCOBOD and government consider alternative approach to cut raw cocoa bean exports
COCOBOD and the government are considering a new financing framework to cut back on raw cocoa bean exports and promote local processing, a move aimed at increasing value retention and strengthening Ghana’s cocoa industry.
Nigeria pins Africa’s industrial growth and energy access on gas development
Nigeria is advancing its abundant natural gas resources as a key driver of Africa’s industrial development and energy transition, amid persistent power deficits and broader growth challenges across the continent. Addressing participants at the opening of the Nigeria International Energy Summit 2026 in Abuja, the Group Chief Executive Officer of Nigerian National Petroleum Corporation (NNPC)… Continue reading Nigeria pins Africa’s industrial growth and energy access on gas development
As of December 2025, Two Banks Remain Undercapitalized – BoG
The Bank of Ghana has confirmed that two banks UMB and Prudential Bank Ghana remained undercapitalised as of December 2025. Governor Dr. Johnson Asiamah said measures are underway to ensure the institutions receive the required capital promptly. For UMB, he noted that the recapitalisation timeline has been extended to the end of March 2026 to… Continue reading As of December 2025, Two Banks Remain Undercapitalized – BoG
Iran Ready to Enter Fair Negotiations with the United States
Iran’s President Masoud Pezeshkian said the country will negotiate with the US under conditions that protect its national interests, amid rising tensions over its nuclear program and deadly domestic protests.
Ghana retains 6th position in RMBs “Where to Invest in Africa” 2025/26 rankings
Ghana maintained its 6th position on the African continent to invest in 2025 and 2026, according to Rand Merchant Bank. In its report titled “Where to Invest in Africa in 2025/26”, Ghana is the number one best place to do business in West Africa. Seychelles retained its number one position on the continent in investing.… Continue reading Ghana retains 6th position in RMBs “Where to Invest in Africa” 2025/26 rankings