Ghana’s Finance Ministry is targeting to raise $3 billion in funding from its diaspora, through African Sankofa Account to fund economic development in the West African nation. The government will structure the investment vehicle to offer better rates to depositors, Finance Minister Ken Ofori-Atta said. He said the initiative was dictated by government’s quest to […]
The Egyptian parliament will meet Wednesday instead of Feb.17 to vote on the proposed changes to the constitution that would allow incumbent leader Fattah al-Sisi to remain in power beyond his current last term that ends in 2022. Parliament spokesman announced Sunday the rescheduled session in the pro-al-Sisi dominated house. The House last week approved […]
Algeria’s foreign exchange reserves dwindled by $8.72 billion to $88.61 billion in June 2018, the Algerian news agency APS said. The rise in oil prices has not helped Algeria reduce the pace of its dwindling reserves, which dropped from $114.1 billion in 2016 and from $178 billion in 2014. Analysts say that even with oil […]
