So often, announcements of new infrastructure in #African countries sets them out as “biggest” this or “biggest” that. All good - but we also need to bear in mind the level of services we need & are entitled to just as much as all others on this planet… East #Africa is starting.
@moneyacademyKE The main benefit is immediate cash flow. By utilizing future fuel revenues as collateral, the govt has unlocked bridging facilities from local commercial banks to pay off billions in outstanding arrears to developers. It gives relief to local contractors facing bankruptcy.
🚨 Ghana 🇬🇭 will review South Africa's 🇿🇦 Gold Fields’ mining lease under stricter terms as it nears expiry; renewals will no longer be automatic.
Gold Fields must submit detailed plans for technical and ministerialreview before any extension decision.