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Fragile growth, fiscal challenges drive negative outlook for sub-Saharan Africa economies in 2018 – Moody’s

The World Bank projects economic growth in sub-Saharan Africa to continue to rise to 3.2 per cent in 2018 and to 3.5 in 2019, on the back of firming commodity prices and gradually strengthening domestic demand. However, it adds that growth will remain below pre-crisis averages, partly reflecting a struggle …

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Sudan authorities release six detained journalists

The Sudanese authorities have released all the six journalists who were arrested and detained Friday January 19, 2018 for covering protests over the price of bread. Information reaching ghanabusinessnews.com, says all the six were released Sunday.  While the conditions and terms of their release are not known, some of the …

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African Editors Forum condemns arrest and detention of journalists by Sudanese authorities

The African Editors Forum (TAEF) has condemned the arrest of journalists by the Sudanese authorities for merely reporting on protests about the price of bread and some other reasons. TAEF in a press statement copied to ghanabusinessnews.com, says it is shocked and also concerned about the safety of the journalists …

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Global aviation industry expected to make $38.4b net profit – IATA

The International Air Transport Association (IATA) says the global aviation industry net profit will rise to $38.4billion in 2018, an improvement from the $34.5 billion expected net profit in 2017.  A statement issued by IATA and copied to the Ghana News Agency in Accra on Tuesday, said the performance for …

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African airlines expected to lose $100m in 2018

The International Air Transport Association (IATA) has predicted that African Airlines will lose about $100 million in 2018 based on a collective net loss of $100 million in 2017. The IATA statement copied to the Ghana News Agency in Accra, on Tuesday, said stronger forecast economic growth in the region …

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AfDB bans Belgian firm, GH Management Consultants for fraud and conflict of interest

The African Development Bank (AfDB) says it has banned a Belgian management firm, GH Management Consultants, and its managing Partner, Georges Hanin from bidding for projects within the organization for a period of 15 months. The AfDB said today that after an investigation undertaken by its Office of Integrity and …

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Ethiopian Airlines, Zambia agree to re-launch national carrier

The Management of Ethiopian Airlines says it has finalized an agreement with the Zambian government to jointly re-launch that country’s national carrier. In a press release issued today, January 16, 2018 and copied to ghanabusinessnews.com, Ethiopian says it has signed a shareholders agreement with the Zambian authorities for the re-launch …

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African countries told to prioritise entrepreneurship

The Passionate Africa Leadership Institute (PALI) for Leadership and People Development, says for Africa to experience a turnaround in its economic fortunes and industrialisation drive, it must prioritise entrepreneurship and innovation among the youth. In a statement issued by the Institute and signed by Sir Frank Paa Kumi, the Director …

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World Bank expects global economic growth of 3.1% in 2018

The World Bank’s Global Economic Prospects (GEP) forecasts a 3.1 per cent growth in the world’s economy in 2018, and it will be the first time since the economic crisis of 2008 that all major regions of the world are experiencing an uptick in economic growth. “The current broad-based growth …

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