Tech takeoff
With Africa set to be the next global tech hub, here’s what itcould mean for industries across the board Pg 3
MONDAY 30 January 2023 Issue No. 8
A NEW THINKING
2023 Responsible Business and Leadership Excellence Summit and Awards Pg 3 launched
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Tullow plans to invest $300m in Ghana’s operations 2
The Central Bank of Zambia has granted Zeepay Zambia approval to operate a revolutionary new remittance outbound service directly from its Zeepay Mobile Money Wallet. This groundbreaking service will empower Zambians to easily and securely transfer money directly from their mobile money wallets to over 150 countries around the world. This innovative service is the first of its kind for mobile money in the world, and is made possible through a strategic partnership with MoneyGram International. With operations in over 25 countries globally, including countries in Europe, the Caribbean, North America, and Africa, Zeepay is the largest cross-border payment platform with collection capabilities across over 20 countries. "We are thrilled to make it possible for Zambians to send money abroad via mobile money to over 150 countries in a real-time manner," said Andrew Takyi-Appiah, Co-Founder and Managing Director of Zeepay. "Our partnership with MoneyGram is helping to make Africa borderless day by day, and we are excited to be at the forefront of this revolutionary change." About Zeepay Zeepay is the fastest growing mobile financial services company across Africa with operations in Ghana and the United Kingdom and terminating to 20 countries across Africa with termination agreements in over 90 jurisdictions globally. We specialize in remittance termination into mobile wallets and are completely network and partner agnostic. 2
Ghana's balance of payments deficit worsens to US$3.64 bn Ghana's balance of payments further deteriorated to a deficit of $3.64 billion in December from a $3.4 billion deficit the previous quarter, central bank data showed on Saturday. The West African nation is 2
facing an economic crisis that saw consumer inflation rise to 54.1% last month. The cedi currency has depreciated around 50% annually, and interest payments on government debt have swelled to between 70% and 100% of GDP. Recent balance of payments woes have been largely driven
Helping middle-income energy exporters kick the fossil-fuel habit reduce inequalities and vulnerabilities By Carlos Lopes
The ongoing volatility in oil and gas markets has come as a shock to many people across the developed world. But its impact on developing countries that rely on pro-
ducing fossil fuels has been far worse. Over time, as the world increasingly shifts to cheaper and cleaner energy sources,
Integrated effort key to unleashing prospects in maritime sector -Transport Minister By Eugene Davies
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Panelists at the Africa Prosperity Summit in the Eastern Region, Ghana, have pushed for the ratification of the African Union (AU) protocol on free movement of persons. 2
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The Minister of Transport, Kwaku Ofori Asiamah, has asked players in the maritime space to
by a sharp reversal in capital flows, with Ghana's capital account deficit having worsened to $2.18 billion in December from $1.64 billion in September. At the same time last year, Ghana had a capital account surplus of more than $3.3 billion.
collaborate effectively in the development of relevant strategies for the operations, extraction and utilization of
Ghana secured a $3 billion staff level bailout from the International Monetary Fund late last year, but must restructure its debts in order to obtain executive board approval. The country has requested to restructure its bilateral debt under the Common Frame-
The ratification of the protocol, together with the implementation of the policy on trade in goods and services, investment, intellectual property rights and competition,
work platform supported by the Group of 20 major economies, and is currently negotiating terms for a domestic debt exchange programme with local bond holders. (Reporting by Cooper Inveen Editing by Robert Birsel and Frances Kerry) Reuters
under the African Continental Free Trade Area (AfCFTA), they said would accelerate intra-trade and ensure the prosperity of the continent and its