List of all articles filed under “africa-reports” category.
Felix Nyarko-Pong, CEO of uniBank, gives his assessment of the financial and banking sectors in Ghana. He also discusses challenges, in terms of the country’s economy and presents uniBank Ghana.
Libya Top Stories
Libyan economy making slow but steady strides under new government amid political and security threats
Particularly after years of dictatorial control that wasted billions in energy wealth and where the new government and evolving private sector are trying to invest into reconstruction, services, infrastructure and community development while facing heavy challenges to ensure a safe business environment and transition toward an untested political culture of democracy.
Ahmed I. Rajab, General Manager of Jumhouria Bank, the largest bank in Libya
Jumhouria Bank is the largest bank in Libya and was the result of a merger between Al Ummah Bank and Jumhouria Bank. Now we have a total capital of about 1 billion Libyan dinar and total assets for 2012 of 33 billion Libyan dinar on the balance sheet and 12 billion dinar off the balance sheet for a total of about 44 billion Libyan dinar.
Some years ago, Ghana chose the path of democracy and that has paid off as showed in its current economic growth rates. The country is continuing to nurture its democracy, grow political tolerance and shape its internal political wrangling while taking advantage of its stable political atmosphere.
Since the Consultative Assembly drafted Ghana’s current constitution in 1992, politics have evolved a lot. Among other things, the constitution defined the terms and rules for elections and re-elections in the country.
Ghana was colonised by the British around the 1870s and was under colonialism for centuries. The country gained political independence in March 1957, thanks to years of political negotiations, making it the first country in sub-Sahara Africa to be freed from colonialism.
Ghana is a country whose people are almost similar to those living in neighbouring countries. Still, Ghana is noted for a burgeoning democracy, peaceful changes in governments between political parties and a respected constitution.
Investors’ appetite in Ghana is rising following the recent oil discovery. As some of those investors setup businesses to profit from the country’s burgeoning economic growth, demand for housing and office spaces is also growing.
With the changes in population growth, the discovery and exploitation of oil in commercial quantities, huge economic growth, the prospects and their attendant effects on FDIs and tourists arrivals in Ghana, the real estate sector is now a new area to invest in.
Amar Deep S. Hari gives his assessment on the economic situation of Ghana for business companies in commerce and talks about the IT industry. He also presents IPMC (Intercom Programming & Manufacturing Company), mentioning competition, challenges and diversification plans.
