Finance
UMB’s Overview of Ghana’s Extended Credit Facility with the International Monetary Fund.
As part of Ghana’s economic recovery process, the Government of Ghana sought the assistance of the International Monetary Fund (IMF) on September 26, 2022, for a 36-month Extended Credit Facility Program worth USD 3 billion. Following extensive stakeholder engagements, the IMF board approved the disbursement of the first tranche amounting to USD 600 million on…
GHANA’S ECONOMY SHOWS RESILIENCE DESPITE SETBACKS FROM THE COVID-19 PANDEMIC AND INCREASING CORRUPTION
Ghana’s economy has been experiencing steady growth over the past decade, with an average growth rate of around 7% per year. However, the COVID-19 pandemic has caused setbacks in the country’s growth trajectory. Alongside the pandemic, significant corruption by the current heads of state and the inability to keep the central bank separate from the…
RWANDA REPAYS $400 MILLION EUROBOND DESPITE ECONOMIC PRESSURES
Rwanda has faced multiple pressures on her finances brought on by ongoing global shocks linked to the prolonged impact of the Covid-19 pandemic, the war in Ukraine, and the appreciation of the US dollar. However, this did not deter the East African Nation from successfully repaying its $400 million Eurobond. According to information obtained by…
Tanzania to construct Africa’s longest bridge- spanning 50 kilometers
Tanzania plans to construct the first bridge in Africa, spanning 50 kilometers, to connect the mainland to the Zanzibar Islands to in a bid to make the movement of people and commerce less strenuous. Geofrey Kasekenya, the deputy minister of Works and Transport, stated this in his address to Parliament on April 28. He went…
INVESTMENT IN TANZANIA HAS INCREASED BY 173% UNDER PRESIDENT SAMIA SULUHU HASSAN’S ADMINISTRATION
According to Tanzania Investment Centre (TIC), investments in Tanzania under Samia Suluhu Hassan’s administration increased from $3.16 billion (roughly Sh7.27 trillion) to $8.64 billion (about Sh19.87 trillion), which is a 173% growth in just two years. Tanzanians hold 32% of the projects listed as being owned by the present administration, followed by international investors at…
TANZANIA ON PACE TO BECOME EAST AFRICA’S SECOND LARGEST ECONOMY
Kenya currently stands as East Africa’s second largest economy in terms of overall GDP, second only to Ethiopia. However, the economic number two spot of the subcontinent could change holders within the next decade owing to the rate at which East Africa’s 3rd largest economy, Tanzania is growing. A report issued by the International Monetary…
Speculating And Hedging: The Strategies Used By Professional Investors
In this article, we take a closer look at how professionals manage risk through hedging and how they increase output with leverage. This is a beginner guide. The stock market is not always a safe place. Sure, it’s seemingly safe on the outside, but it is quickly becoming a dangerous realm where you risk losing everything…
Simplified: How Even Starting With A Small Amount Will Get You Good Returns
With the propensity to compound your wealth over time, a SIP can gradually grow your wealth, aligned with your regular growth in income. Thus, over a long span, you get good returns, even if you invest small amounts initially. The fact is, your gains can be reinvested and you get the effect of compounding which…
- 1
- 2