DFIs provide $600mn loan to Ghana’s COCOBOD
By CNBC
27 June 2020 |
8:47 am
The Development Bank of Southern Africa, alongside other development finance Institutions, are co-financing Ghana’s COCOBOD Syndicated Loan Agreement with a total of $600 million in a move aimed at boosting Ghana’s cocoa productivity. Mohan Vivekanandan, Group Executive, Origination and Client Coverage at The Development Bank of South Africa joins CNBC Africa for more.
In this article
Related
13 Dec
As the world marks Breast Cancer Awareness Month, DW examines the rising rates of breast cancer in Nigeria, Uganda and Malawi. Lifesaving information is often scarce, and many patients lack access to adequate treatment.
15 Dec
Debt levels have increased as more sub-Saharan countries look towards borrowing. Zambia's debt now equals its total GDP, while Kenya may be speeding towards its own financial crisis.
16 Dec
Burning crop residue in sugarcane fields is a common and harmful practice among farmers in Ghana. Now Audrey S-Darko is helping them improve their harvests in a natural way without harming the environment.
19 Dec
South Africa is grappling with the fourth wave of the coronavirus, driven by the omicron variant. The country is pushing for more vaccinations — and for its own mRNA vaccine.
15 Dec
The former South African president's medical parole was found to be "unlawful". He was instructed to return to jail to serve out the remainder of his sentence.
16 Dec
Will Jacob Zuma return to prison? South Africa's highest court orders the former president to be re-incarcerated after setting aside an earlier decision to release him on medical parole. Meanwhile, the country records close to 27,000 new Covid-19 cases, an all-time record. Plus, European football clubs say they may not release their African players to take part in the Africa Cup of Nations, amid fears surrounding the tournament's Covid-19 health protocol.
25 Dec
Ghanaians love fashion and the 2021 edition of ‘Rythyms on da Runway" featured the work of hot young designers in the capital Accra, despite the blow that COVID has dealt the industry.
20 Dec
Overgrazing of grasslands on the lower slopes of the Drakensberg escarpment is degrading the land. Two women run a group that promotes measures to restore the ecosystem, which is key to South Africa's water resources.
19 Dec
Overgrazing of grasslands on the lower slopes of the Drakensberg escarpment is degrading the land. Two women run a group that promotes measures to restore the ecosystem, which is key to South Africa's water resources.
18 Dec
Leading Gabon football coach accused of raping young players, president demands probe. A former coach for Gabon's under-17 football team, Patrick Assoumou Eyi, sexually abused young players in his care, according to a report on Thursday in British daily The Guardian.
21 Dec
The High Court in South Africa has ruled that the former president be allowed to appeal a decision setting aside medical parole. Last week it was decided he should return to jail.
Latest
1 day ago
An Alabama ban on the provision of gender-affirming medication for minors has been blocked by a federal judge. Transgender rights have become a bone of contention for right-wing Republicans.
1 day ago
The war in Ukraine is having a drastic impact on Africa. Prices for wheat, gas and gasoline are at record highs. Crisis regions could see things get worse than they already are.
1 day ago
The Ukrainian resistance in Irpin played a key role in holding off the Russian advance on the capital Kyiv during the first few weeks of the war. But the middle-class commuter town paid a heavy price. More than 300 civilians were killed and tens of thousands fled. Now, more than a month after the Russian withdrawal, residents are beginning to return to try to rebuild their lives. Reconstruction is slowly getting under way, but an estimated €800 million is needed to build new homes. FRANCE 24's Nadia Massih, Bastien Renouil and Raïd Abu Zaideh report from Irpin.
1 day ago
Known as the burial place of Achilles, the barren Black Sea rock has become the site of fierce combat between Ukraine and Russia. Snake Island has strategic and symbolic importance dating to the Soviet era.
1 day ago
Mali's military junta has announced it will be exiting a multi-national military force tackling an insurgency in West Africa's Sahel region.
1 day ago
People in Germany consume an average eleven kilos of chocolate each per year. But few think about the conditions under which cocoa beans are farmed. Child labor has been a problem for decades. But why? And what can be done about it?