Africa Financial Services 

Ghana Cocoa Board, African Development Bank and financial partners celebrate first $200 million disbursement of loan to boost cocoa productivity in Ghana

Ghana Cocoa Board (COCOBOD) and lenders have welcomed the first disbursement of $200 million of a syndicated loan facility to boost cocoa productivity in the world’s second-largest producer. The occasion was marked by a ceremony held in Accra, Ghana on Tuesday 23 June, followed online by hundreds of observers across the globe. In attendance were COCOBOD and government representatives and participating lenders, which included development finance institutions: the African Development Bank (https://www.AfDB.org/), the Japan International Cooperation Agency (JICA), the Development Bank of Southern Africa and Cassa Depositi e Prestiti Spa.…

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Africa Agriculture 

Delta government seeks N8Bn loan to boost agriculture

The Delta Government has granted its approval for the state to access eight billion naira loan from the Central Bank of Nigeria (CBN), to develop agriculture in the state. The state’s Commissioner for Information, Mr Charles Aniagwu, who made the disclosure while briefing newsmen in Asaba, said that accessing the loan was part of the decisions reached at the State’s Executive Council meeting. He said that the State Government had approved a review of the state’s 2020 budget to reflect the reality on ground because of the fall in crude…

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Africa Financial Services 

MONEY, PEOPLE & POWER: The 10 bank CEOs who control 80% of Uganda’s banking sector – CEO East Africa

1. Anne Juuko Chief Executive, Stanbic Bank 2019 Asset Value: UGX6.6 trillion Market Share: 20.2 per cent Industry Rank: 1 Stanbic Bank has maintained the top spot in the banking sector ever since the acquisition of a majority stake (80per cent) in Uganda Commercial Bank (UCB) back in 2001. Getting to the top spot was the easy bit – despite the politics around the acquisition. Remaining at the top, ahead of the chasing pack is where all credit is due to the bank shareholders and management that have given the…

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Africa Covid19 

Post-COVID-19: Nigeria Needs to Design and Improve its Current Business Continuity Strategy – Abdullahi Haske

Abdullahi Bashir Haske is the founder and Chief Executive Officer of AA&R Investments, an indigenous oil exploration company. In this interview, he highlighted how the oil and Gas has faires and how it would survive and importance of creating an enabling environment for the non-oil sector to thrive. Excerpts: • How would you access the oil and gas industry in the heat of global crude oil prices crises? Normally when there is price crash of crude, investments in the oil and gas sector will be affected especially the capital projects.…

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Africa Agriculture 

Is Technological Innovation in Agriculture Enough to Secure Food Security in Ghana?

Innovation in agricultural technology is instrumental in achieving broad-based social and economic growth in developing countries. In Ghana and the wider region, the sector employs more people than any other industry. It is, however, much more than a source of employment and economic growth. Ghana’s agriculture sector has proven to be the nation’s route towards achieving food security. For a country to be self-sufficient and able to feed itself is a basic requirement – and, it is the only feasibly sustainable way to realise the United Nation’s 2nd Sustainable Development…

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