Nigeria: A Five-Year Exponential Growth is Projected In The Mining Sector. Olamilekan Adegbite, Nigeria’s Minister of Mines and Steel Development, projected a 5-year exponential growth for the country’s mining sector from the current 0.33 percent contribution to Nigeria’s GDP to 3 percent by 2025. This projection was made at the sidelines of the 2020 Investing in African Mining Indaba conference in Cape Town. Adegbite stated that Africa’s giant has secured a . . .
Ghana Gets $14 Billion Orders As It Issues A 40-Year Eurobond: On Tuesday 4th of February, 2020, Ghana sold the largest ever Eurobond in sub-Saharan Africa. The country issued a $750 million tranche, which amortizes and has an average life of 40 years, at about 8.9 percent from an initial 9.4 percent. This makes it the highest-yielding sovereign dollar bond so far in 2020. The bond was sold as part of a $3 billion deal that was almost five times oversubscribed. Premium investors which include . . .
The Nigerian Government Plans Tax Incentives For SMEs In Agriculture And Other Sectors: After ratifying a new law that creates relief for small businesses through tax exemptions, the Nigerian government is considering adding tax incentives for SMEs in prioritized sectors, the trade minister said this week. Under the new Finance Act which came into effect on February 1, small companies – with gross turnovers of not more than N25 million – are to pay . . .
Is Africa The Next Pillar of Global Economic Growth?: When it comes to developing an economic advantage, people often look towards Asia. China and India have been providing many opportunities for companies to achieve sustainable economic growth, this is largely due to the availability of a ready workforce that is affordable and effective. We look at whether the same levels of economic growth make . . .