For countries looking to expand their industries, achieve sustained economic growth, and remain globally competitive, foreign direct investment (FDI) is essential. Business Insider Africa presents the countries with the largest FDI funding in 2023. This list is courtesy of the International Monetary Fund. The United States ranks number 1 on this list. In addition to…
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Ghana will require billions of dollars to restore vast stretches of degraded land and polluted water bodies resulting from years of illegal mining activities. Ghana needs billions of dollars to restore degraded land and polluted water bodies from illegal mining activities The agency plans to enhance monitoring and enforcement mechanisms with the enactment of the…
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Russia has intensified its engagement with Africa following the launch of its editorial center in Ethiopia. Russia launched its first large-scale, multi-functional editorial center in Ethiopia Russia aims to expand its influence in Africa through diplomatic, economic, and military strategies The media center plans to create content in Amharic, English, and establish a network of…
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The tourism industry in Kenya, constituting one of the East African country’s primary sectors, is set for a major boost in the current fiscal year. Kenya’s tourism earnings projected to increase by 24% to $4.33 billion this year Kenya set to receive around 3 million tourists in 2025 based on current trends and government strategies…
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The Office of the Special Prosecutor (OSP) has officially removed Ghana’s former Minister of Finance, Mr Ken Ofori-Atta, from its list of wanted persons. The Office of the Special Prosecutor removed Mr. Ken Ofori-Atta from the list of wanted persons Mr. Ofori-Atta had previously been declared a wanted fugitive from justice by the OSP He…
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Nigeria’s central bank has kept its benchmark interest rate steady at 27.50%, according to Governor Olayemi Cardoso. Nigeria’s central bank maintains benchmark interest rate at 27.50%. Inflation rate reported at 24.48% for January after a rebasing exercise. Investors will watch closely if CBN continues tough stance or starts easing up depending on inflation. Nigeria’s central…
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