Ghana’s investment climate most receptive in W-Africa – Mahama
Ghana’s stable investment climate has been described as the most receptive in West-Africa, making it the preferred destination for investments from across the world.
These remarks were made yesterday by Ghana’s President John Dramani Mahama, represented by Douglas Bani, the country’s chief of staff, at the just concluded Ghana Economic Outlook & Business Strategy conference, where BusinessDay Ghana was formally presented.
BusinessDay, West-Africa’s voice of business, will be offering core business news and financial intelligence in the Ghana market.
Orthman plans to expand business in S. Africa
Orthman Manufacturing Inc. has opened a product assembly facility and warehouse in Kempton Park, South Africa.
The Lexington-based manufacturing company, which makes agricultural machinery and implements, announced the opening of the new plant today.
“Orthman’s objective to provide quality tools for the producer to be more efficient and productive applies not only in the U.S., but around the world,” Orthman President John McCoy said. “The facility in South Africa allows us to provide the right machinery and agronomic solutions for the land, ultimately helping the people of this region see greater success.”
Africa’s structural transformation challenge
Long viewed as an economic basket case, Sub-Saharan Africa is experiencing its best growth performance since the immediate post-independence years. Natural-resource windfalls have helped, but the good news extends beyond resource-rich countries. Countries such as Ethiopia, Rwanda, and Uganda, among others, have grown at East Asian rates since the mid-1990’s.
Kenya works to boost agriculture
A national drive to increase food production in Kenya is gathering strength, as the government moves to streamline the regulatory environment and roll out major initiatives aimed at supporting farmers, in line with its long-term vision.
As with many African markets, agriculture plays a key part in Kenya’s economy, representing roughly a quarter of GDP.
