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Unite and fight for fairer world economic order – President

President Nana Addo Dankwa Akufo-Addo has rallied the African, Caribbean and Pacific (ACP) Group of States to remain united and fight for a fairer world economic order. He said with the wealthier nations not eager to seeing an equitable and fair trade, it was imperative that the Group strengthened their …

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US Army signs $109m contract with FLIR for production of heavy robots

The US Army has signed a contract of up to $109 million with FLIR Systems, an industrial technology company focused on intelligent sensing solutions for defense, industrial, and commercial applications. In a press release copied to ghanabusinessnews.com, FLIR says its Kobra™ robot has been chosen for the United States Army’s Common …

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Germans worried about poverty in old age – Survey

Around half of all Germans are worried that they will be poor in old age, but almost the same proportion believe they lack the means to do something about it, according to a Deutsche Bank survey presented in Frankfurt on Wednesday. According to the survey of 3,200 respondents conducted by …

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Moody’s changes outlook of Nigeria government to negative from stable

The rating agency, Moody’s Investors Service says it has changed the outlook on the government of Nigeria to negative from stable. In a report copied to ghanabusinessnews.com, Moody’s says concurrently, it has affirmed the B2 long-term local and foreign currency issuer ratings, the B2 foreign currency senior unsecured ratings, and …

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Nigeria, Cote d’Ivoire deepen commitment to AfCFTA

Nigeria was one of the countries that took long to sign onto the Africa Continental Free Trade Agreement (AfCFTA). There were even suspicions in some cycles that it wasn’t going to sign, creating fears that the refusal of the largest economy in West Africa to sign to the historical agreement …

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Donors to announce financing package for Africa’s low-income countries

Donor governments would meet on December 4 – 5 in Centurion, South Africa, to conclude the 15th Replenishment of the African Development Fund (ADF) with a financing package for Africa’s low-income countries for the period 2020-2022. A release copied to the Ghana News Agency said representatives of beneficiary countries would …

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AU conference urges rooting out corruption and review of cultural practices that deny women access to land

The issues of land access in many African countries are a matter of life and death. While there are laws and regulations for land, the processes are complicated, manipulated and often to the disadvantage of the poor and marginalized groups including women. At the just ended 2019 Conference on Land …

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Economic outlook for Africa remains challenging as growth picks up

The economic outlook for Africa remains challenging with growth expected to pick-up to close the year and going into 2020, the Economic Commission for Africa Sub Regional Office for West Africa has said. Dr Nadia S. Ouedraogo, Economic Affairs Officer of the Commission who made this known said the region …

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Merkel backs more German arms sales to Africa to counter terrorism

Chancellor Angela Merkel came out in favour of increased sales of German armaments to African countries in order to combat terrorism on the continent, in remarks to the German parliament on Wednesday. German efforts should not be restricted to training the national security forces, Merkel said during the annual debate …

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African governments urged to ratify protocol on free movement of people

The Africa Centre for International Trade and Development (ACINTaD), has called on governments on the continent to sign and ratify the protocol on free movement of people to aid the successful implementation of the African Continental Free Trade Area (AfCFTA). Mr Isaac Hubert Arthur, the Executive Director of the think …

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