<p><em>Content provided by APO Group. CNBC Africa provides content from APO Group as a service to its readers and does not edit the articles it publishes. CNBC Africa is not responsible for the content provided by APO Group.</em></p>
<p></p>
<p>Today, climate activists marked Africa Day by staging protests at Total’s petrol stations. The protests took place in Benin, Togo, the Democratic Republic of Congo, Uganda, Kenya, Egypt, Ghana and Nigeria. The protests highlighted Total’s human rights violations, greenwashing strategies and climate inaction.</p>
</p>
<p>Total is involved in controversial projects across the continent, notably the East African Crude Oil Pipeline (EACOP) and the Mozambique Liquified Natural Gas (LNG) project that have witnessed displacement of local communities from their ancestral land as well as several human rights abuses other issues that have been called out by activists and frontline communities.</p>
</p>
<p>Vanessa Nakate, a Ugandan activist, said:<br /> “We cannot drink oil. This is why we cannot accept the construction of the East African Crude oil pipeline. It is going to cause massive displacement of people, destruction of ecosystems and wildlife habitats. We have no future in extraction of oil because it only means destroying the livelihoods of the people and the planet. It is time to choose people above pipelines. It is time to rise up for the people and the planet.”</p>
</p>
<p>Andre Moliro, DRC activist, said:<br /> “Total’s fossil fuel developments pose grave risks to protected environments, water sources and wetlands in the Great Lakes and East Africa regions. Communities have been raising concerns on the impact of oil extraction on Lake Albert fisheries and the disastrous consequences of an oil spill in Lake Victoria, that would affect millions of people that rely on the two lakes for their livelihoods, watersheds for drinking water and food production.”</p>
</p>
<p>Landry Ninteretse of 350.org said,<br /> &#8220;At a time when the international scientific community is telling us that the world cannot absorb any new fossil fuel developments if we are to tackle the climate crisis, Total is still pushing for the construction of highly controversial pipelines such as the East African Crude Oil Pipeline and the Mozambique LNG that threaten to destroy the livelihoods of tens of thousands of people, while affecting a great portion of diverse ecosystems and adding millions of tons of carbon emissions yearly.”</p>
</p>
<p>Earlier in the year, more than 260 African and international organisations sent an open letter (https://bit.ly/3fjfi0D) to 25 banks urging them not to finance the construction of the EACOP. Total issued statements on its website describing its environmental and social risk assessment and mitigation strategies for the EACOP and Tilenga oil extraction project as “rigorous” (https://bit.ly/2SrCUr6) and claiming to act “responsibly and transparently” (https://bit.ly/3wwNCuZ) on the social and environmental issues related to the projects.</p>
<p>The #StopEACOP Alliance went ahead to issue a statement (https://bit.ly/3vonX7Q) clarifying several misleading figures presented by Total such as the number of oil wells to be drilled within Murchison Falls National Park, and the number of project-affected people for Tilenga and EACOP.</p>
<p>Total seeks to position itself as a climate leader but chooses to ignore the massive climate risks posed by going ahead with its fossil fuel projects across Africa.</p>
<p>Distributed by APO Group on behalf of 350.org.</p>
<p>For interviews and additional information contact:<br /> 350Africa.org<br /> Christine Mbithi<br /> Email: christine.mbithi@350.org<br /> Telephone: +254725906695</p>
<p>Media files</p>
<p></p>


Hundreds protest against TOTAL across Africa

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>It was a mixed inflow of remittances into West Africa in 2020. While Nigeria recorded a 27.7 per cent decline, Ghana managed a five per cent rise while inflows to Senegal fared better than World Bank projection. Richard Ambrose the CEO of Azimo say they expect growth to continue throughout 2021 as the world recovers from the pandemic, he joins CNBC Africa now for more.</p>


Azimo: Remittance growth will continue throughout 2021

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The Bank of Ghana expects growth in the banking sector to remain strong as the economic recovery process continues this year. Ghana&#8217;s Apex Bank had earlier stated that total banking sector assets rose by 18.5 per cent year-on-year to 152 billion cedis as at the end of February this year. Suleman Mohammed, Founder of Doobia joins CNBC Africa for more.</p>


Strong growth expected for Ghana’s banking sector in 2021

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Ghana is setting the bar high for revenue collection this year, with a 32 per cent increase in the government&#8217;s target for 2021 at 60 billion cedis. The Ghana Revenue Authority will roll out new tax measures starting from May 1st as part of this renewed drive. Abdallah Ali-Nakyea, Director of Ali-Nakyea and Associates and a Senior Lecturer at the University of Ghana&#8217;s School of Law joins CNBC Africa for more.</p>


Ghana embarks on aggressive revenue drive

Ghana embarks on aggressive revenue drive, targets 60bn cedis in 2021

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Data from the Ghana Statistical Service shows the economy grew by 3.3 per cent in the fourth quarter of 2020, reversing the contraction recorded in the second and third quarters, as the economy officially exits a recession. John Gatsi, Dean of the School of Business at the University of Cape Coast in Ghana joins CNBC Africa for more.</p>


20Ghana exits recession with 3.3% fourth quarter growth

<div style="max-width: 100%;">&nbsp;</div>
<p>&nbsp;</p>
<p>Moody’s says Ghana&#8217;s Credit profile at B3 with negative outlook reflects its elevated debt burden and weak debt affordability, track record of revenue underperformance relative to targets and elevated exposure to international capital flow reversal.</p>


PLKOON

Assessing the fiscal impact of COVID-19 on Ghana’s economy

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The government of Ghana, Bharti Airtel and Millicom International Cellular have announced that they have executed the definitive agreement for the transfer of &#8216;AirtelTigo&#8217; to the Government of Ghana on a going concern basis.  Joining CNBC Africa to discuss this developing story is Femi Banigbe, CEO of Silver Rock Technology Services.</p>


Ghanaian govt to acquire 100% stake in AirtelTigo

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Ghana&#8217;s Minister of Communication and Digitalisation, Ursula Owusu-Ekuful says the move by Twitter to set up their Africa headquarters in Ghana is great for the local tech community. Minister Owusu-Ekuful joins CNBC Africa to discuss the expected impact of this on Ghana’s tech ecosystem.</p>


Owusu-Ekuful: How Twitter’s Africa headquarters will impact Ghana’s tech industry

<div style="max-width: 100%;">&nbsp;</div>
<p>&nbsp;</p>
<p>As Ghana works on its economic recovery, President Nana Akufo-Addo says an additional three hundred thousand vaccines are expected in the course of this week as the country is targeting 20 million vaccinations by the end of the year.</p>


GATSII50

Unpacking Ghana’s economic recovery & vaccination strategy

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Ghana’s 2021 budget is targeting five per cent GDP growth, with a 9.5 per cent fiscal deficit and inflation rate of 8 per cent. Meanwhile, Fitch ratings says there is a significant risk that public finances could fall short of the goals outlined in the budget. John Gatsi, Dean of the School of Business at the University of Cape Coast joins CNBC Africa to assess the budget.</p>


2021 Budget: Ghana pursues economic revitalisation

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Nigeria’s official unemployment rate surged to 33.3 per cent in Q4 2020 and neighbouring Botswana had a slight jump in Inflation with their rate now at 2.4 per cent. Ridle Markus, Africa Strategist at Absa Corporate &#038; Investment Banking joins CNBC Africa for more.</p>


Nigeria’s unemployment rate surges to 33.3%

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Ghana has approved the emergency use of Russia’s Sputnik V Covid-19 vaccine. Ghana has also announced plans to vaccinate about 20 million people against coronavirus from the first week of March this year.</p>


Ghana targets 20mn COVID-19 vaccinations from March

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The number of confirmed active coronavirus cases in Ghana reached 6,938 after Health Services announced 675 new cases. Meanwhile, Ghana’s parliament has suspended most of its activities for three weeks after at least 17 Members of Parliament and 151 staff members were infected by the virus. Wilson Edem Sarbah, Junior Resident of the Department of Child Health at Korle-Bu Teaching Hospital joins CNBC Africa for more.</p>


How Ghana is responding to the 2nd wave of COVID-19

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>It&#8217;s time to look at the themes that are playing out in Sub-Saharan Africa at the moment. This week, January headline inflation prints are expected for Mauritius, Tanzania and Ghana. Ridle Markus, Africa Strategist at Absa Corporate &#038; Investment Banking joins CNBC Africa for more.</p>


Sub-Saharan Africa market review

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>The Bank of Ghana says the prospect for a sharp fiscal correction in 2021 looks unlikely, as the second wave of the pandemic will require additional spending on testing and vaccines. John Gatsi, Dean of Business at the University of Cape Coast, Ghana joins CNBC Africa for more.</p>


Bank of Ghana: Prospect for sharp fiscal correction unlikely in 2021

<div style="max-width: 100%;"></div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>At his second term inauguration speech, Ghana’s President Nana Akufo-Addo says the mandate of his government will be to establish a strong economy. Courage Kingsley Martey, Senior Economist at Databank Group joins CNBC Africa to discuss Ghana’s path to recovery.</p>


2021: What will it take for Ghana’s economy to bounce back?

<div style="max-width: 100%;">
  <video-js
    data-account="1571595826001"
    data-player="c0AOssA7"
    data-video-id="6214907561001"
    data-embed="default"
    controls=""
    data-application-id=""
    class="vjs-fluid"></video-js>
</div>
<p><script src="//players.brightcove.net/1571595826001/c0AOssA7_default/index.min.js">
</script></p>
<p>Ghana’s Electoral Commission says the collation of election result is on-going across the country. The ECG notes that the winner of the presidential race must obtain more votes than the votes of all the other candidates put together. As Ghanaians await the final result, we’ll look at what a recovery path for Ghana’s economy should look like beyond the elections and the pandemic. Edem Nichola Kporku, Senior Research Analyst at Apakan Securities joins CNBC Africa for more.</p>


Ghana

Hundreds protest against TOTAL across Africa

Azimo: Remittance growth will continue throughout 2021

Strong growth expected for Ghana’s banking sector in 2021

Ghana embarks on aggressive revenue drive, targets 60bn cedis in 2021

20Ghana exits recession with 3.3% fourth quarter growth

Assessing the fiscal impact of COVID-19 on Ghana’s economy

Ghanaian govt to acquire 100% stake in AirtelTigo

Owusu-Ekuful: How Twitter’s Africa headquarters will impact Ghana’s tech industry

Unpacking Ghana’s economic recovery & vaccination strategy

2021 Budget: Ghana pursues economic revitalisation

Nigeria’s unemployment rate surges to 33.3%

Ghana targets 20mn COVID-19 vaccinations from March

How Ghana is responding to the 2nd wave of COVID-19

Sub-Saharan Africa market review

Bank of Ghana: Prospect for sharp fiscal correction unlikely in 2021

2021: What will it take for Ghana’s economy to bounce back?

Apakan Securities on what the path to Ghana’s economic recovery could look like

News Tips

Advertise With Us

Ghana

Hundreds protest against TOTAL across Africa

Azimo: Remittance growth will continue throughout 2021

Strong growth expected for Ghana’s banking sector in 2021

Ghana embarks on aggressive revenue drive, targets 60bn cedis in 2021

20Ghana exits recession with 3.3% fourth quarter growth

Assessing the fiscal impact of COVID-19 on Ghana’s economy

Ghanaian govt to acquire 100% stake in AirtelTigo

Owusu-Ekuful: How Twitter’s Africa headquarters will impact Ghana’s tech industry

Unpacking Ghana’s economic recovery & vaccination strategy

2021 Budget: Ghana pursues economic revitalisation

Nigeria’s unemployment rate surges to 33.3%

Ghana targets 20mn COVID-19 vaccinations from March

How Ghana is responding to the 2nd wave of COVID-19

Sub-Saharan Africa market review

Bank of Ghana: Prospect for sharp fiscal correction unlikely in 2021

2021: What will it take for Ghana’s economy to bounce back?

Apakan Securities on what the path to Ghana’s economic recovery could look like

News Tips

Advertise With Us

Newsletters