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Dangote Announces Plans to Diversify Investments Over Naira Fluctuations

Dangote Announces Plan to Diversify Investments Over Naira Fluctuations

Nigerian industrialist, Aliko Dangote has announced that he will diversify his investments to the United States to avoid the risk of naira fluctuations. The richest man in Africa made this known while speaking on the David Rubenstein Show on Bloomberg, on Thursday. Dangote explained that the diversification will use the […]

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Ghana Economy

Ghana to Become Africa’s Third Fastest Growing Economy At 6.8% in 2020 – World Bank

The World Bank is projecting an economic growth of 6.8% for Ghana in 2020, according to its January 2020 Global Economic prospects Report. The 6.8% growth rate, according to the World Bank, would make Ghana the third fastest growing economy among 42 countries in sub-Saharan Africa. This is against the […]

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Future Africa

Future Africa Launches Investment Fund For Startups to Get $50k Yearly

The Future Africa initiative launched an early-stage investment fund that will provide up to $50,000 to 20 African startups per year. The fund is supposed to serve as an improvement on the initial vision of Future Africa – to be a training ground for African founders and their startups. Future […]

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CBZ Bank Issues Bonds for Zimbabwe's Maize

CBZ Bank Issues Bonds for Zimbabwe’s Maize, Soy Farming Scheme

CBZ Bank, Zimbabwe, has issued bonds to fund Zimbabwe’s Maize and Soy farming scheme in a bid to raise about $80.6 million. The Southern Africa nation is facing another drought that could worsen an already dire economic situation. According to Reuters, the United Nations had cautioned Zimbabwe should prepare for […]

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