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World Bank report says subsidies for water and sanitation not benefiting the poor

A new report from the World Bank states that water and sanitation subsidies are disproportionately benefitting the better-off. The study finds that across a number of low and middle-income countries 56 per cent of the subsidies are captured by the richest fifth of the population, while only six percent flow …

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AGRF 2019: Africa Food Prize winner to receive $100,000

The 2019 African Green Revolution Forum (AGRF) which comes off at the Accra International Conference Centre from September 3-6 will witness a $100,000 Africa Food Prize award to a deserving individual or organisation. The award is to recognise the leading role that person or organisation played in shaping Africa’s agriculture …

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Bilateral trade between Ghana and India expected to reach $4b

An eight member delegation from the Ministry of Foreign Affairs and Regional Integration has held bilateral talks in India, and trade between the two countries is expected to reach $4 billion. A statement issued by the Ministry of Foreign Affairs and Regional Integration, which was copied to the Ghana News …

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£30m UK aid aims to empower female entrepreneurs in Africa

Up to 10,000 women entrepreneurs in Africa are to benefit from £30 million UK aid, to help break down barriers, holding them back from starting and growing businesses. “Unleashing the economic potential of women will boost African economies, trade and investment opportunities and increase global prosperity, which is in the …

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Adopt ‘East Asian Magic’ for Africa’s economic success – Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has stated that Africa ought to emulate the successful East Asian economic model, if the potential of the continent is to be realised. He indicated that the pragmatic East Asian economic ‘miracle’ which saw the 23 countries of East Asia registering tremendous growth from 1965 …

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Zimbabwe wants to pull out of CITES due to restrictions in ivory trade

Zimbabwe is considering pulling out of the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) in order to fully benefit from its conservation of natural resources, President Emmerson Mnangagwa has said. Speaking at the ground-breaking ceremony for the upgrading of a 6.5km stretch along Harare-Chirundu …

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Smartphones key to financial services delivery – ACET

A two-year study on financial inclusion of women and youth in sub-Saharan Africa has found that the mobile device is key to accessing financial services. The research, conducted by the African Centre for Economic Transformation (ACET) in Guinea, Sierra Leone and Zambia, showed that more people are using their mobile …

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