Douglas Tait

75 Flips | 7 Magazines | 36 Likes | 8 Following | @DJT885 | Keep up with Douglas Tait on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Douglas Tait”

Bank of Ghana plans to prosecute executives of failed banks

ACCRA, Aug 14 (Reuters) - Ghana’s central bank plans to prosecute executives of failed local lenders suspected of dissipating depositors’ funds and insider dealing, the regulator told Reuters on Tuesday.<p>The Bank of Ghana on Aug. 1 said it had revoked the licenses of Unibank and smaller peers Royal …

Central Banks

Africa's economic outlook is promising for 2018, but there are clouds on the horizon

On the face of it, 2018 is going to be a good year for sub Saharan Africa’s economies. The World Bank forecasts growth of 3.2% for the year, up from 2.4% in 2017. It also predicts slightly higher growth for 2019 of 3.5%.<p>As usual, much of that growth will still rely on improving commodity prices and …

South Africa

Data-Driven Development - Reports - World Economic Forum

By having granular data that captures the experiences of poor communities, along with the analytical techniques needed to decipher that data, …

Big Data

World’s Priciest Precious Metal Set to Blossom as Shortage Looms

The world’s most expensive precious metal is set to get even pricier as a mining retreat in South Africa threatens a supply shortage.<p>Rhodium -- a …

South Africa

US jobs report; CBS under pressure; Turkish lira hits record low

<b>1. Work, work, work:</b> The US unemployment rate fell to 3.9% and the economy added 157,000 jobs in July.<p>Paychecks grew only slightly — up 2.7% compared to the same time last year.<p>The jobs market has continued to grow steadily as the economy expands. The government also revised the previous months' …

Stock Markets

Texas to become world's number 3 oil producer, passing Iran

America is a powerhouse and I mean that literally as well as figuratively. CNN Money reported Wednesday that Texas is set to become the world’s …

Oil

Readiness for Future of Production Report 2018 - Reports - World Economic Forum

Context<p>The Fourth Industrial Revolution1 and emerging technologies—such as the Internet of Things, artificial intelligence, robotics and additive …

Innovation

Copper — a metal with a history of predicting economic trouble — hits 1-year low, nears bear market

Copper prices reached their lowest levels in a year on Thursday, as concerns that a global trade war could strain global supply chains and slow down …

Stock Markets

Ghost Towns Or Boomtowns? What New Cities Really Become

Thirty years ago hardly anybody other than a Shanghai local would have found any reason to mutter the word “Pudong.” At that time, the place where the vibrant financial center that we know today now sits — the iconic skyline of the city – simply didn’t exist. To tell someone back then that the …

Cities

The economist Joseph Stiglitz explains why he thinks the late Milton Friedman's ideas have contributed to rising inequality in the US

At the World Economic Forum's annual meeting in Davos, Switzerland in January, Business Insider CEO Henry Blodget made the case why it's time for a "better capitalism."<p>The current state of inequality in the United States, he explained, is largely linked to a reaction to 1970s stagnation that has …

Economics

Emerging Markets: 3 Key Insights For 2018

<i>By Edward Kerschner, Chief Portfolio Strategist</i><p><i>The risks of emerging markets are different from developed markets. But they also present growth</i> …

19 Books Bill Gates and the CEOs of Microsoft, Google, PayPal, and Wal-Mart Think You Should Read

The book 'Hit Refresh' by Microsoft CEO Satya Nadella makes this list twice as a great read.<p>What I know about successful people is this: They love to devour books to expand their minds. Bill Gates has stated that he reads about 50 books a year. Mark Zuckerberg? About 24 books a year.<p>But the …

Why You Shouldn't Shy Away From That Brilliant Idea

You’ve got a rad new idea for a toy that is sure to be the next must-have. Or you believe you have an entirely new twist on a concept that might just …

Seniors in Emerging Markets Represent Huge Opportunity for Innovative Entrepreneurs

Older adults are one of the world's largest underserved populations. Those who invest now will tap unmet needs and reap the rewards.<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>For years, consumer markets have been obsessed with youth. And as the global population continues to gray, …

Innovation

The Queen of cables in Ghana

Kate Quartey-Papafio, the CEO of Reroy Group explains how she evolved from importing electric cables to becoming a leading manufacturer in her country

Ghana:Fresh German Assistance for Ghana

[Deutsche Welle] German President Frank-Walter Steinmeier signed a multi-million dollar partnership with Ghana on his first trip to Africa since …

Frank-Walter Steinmeier

Saudi Arabia is reportedly planning to hike petrol prices by 80%

LONDON — Saudi Arabia plans to raise petrol and jet fuel prices in January in an effort to reduce energy subsidies and bolster state finances, according to a report by Bloomberg.<p>Petrol prices are set to jump by about 80% while jet fuel prices will be raised to international levels, a person with …

Oil

Rwanda Targets 563MW of Power

Lake Kivu in Karongi power plant.<p>The World Bank Group and the Government of Rwanda have signed a $125 million Financing Agreement for the First …

Pakistan Currency Slides in Effective Devaluation

Rupee falls to near four-year low against the dollar<p>Pakistan’s rupee slumped to a near four-year low against the U.S. dollar Tuesday, the latest move downward in an effective devaluation of the currency that had been kept steady against the greenback for much of the past two years.<p>The rupee’s slide …

Why Hundreds Of Completely New Cities Are Being Built Around The World

“Humans have always built new cities,” spoke Caspar Herzberg, the President of Middle East and Africa Region at Schneider Electric, from a stripped bare boardroom high up in the Northeast Trade Tower.<p>We were looking out through a window at skyscrapers glittering in the morning sun, myriad shops, …

Ghana: 'Most Business-Friendly' Investment Destination Is Our Goal – Trade & Industry's Kyerematen

Alan Kwadwo Kyerematen, Ghana's Minister of Trade & Industry.<p>interview<p>Washington, DC — <i>Ghana received welcome news last week from the IMF: real GDP</i> …

Africa

UPDATED: Malusi Gigaba meets with World Bank to discuss Eskom

<i>JOHANNESBURG — During the recent mid-term budget presentation, Gigaba was widely quoted as saying that South Africa can’t afford nuclear, at least</i> …

Protectionism could hurt Asia: IMF head

TOKYO-Reuters<p>Protectionist sentiment has not yet gone beyond mere words, International Monetary Fund Managing Director Christine Lagarde said on Nov. …

Economy

'India more attractive to do biz than WB ranking suggests'

By Lalit K Jha<p>Washington, Nov 8 (PTI) India is a lot more attractive place for business than what the World Bank's recent ranking suggests, top …

Africa Receives Tips to Meet Paris Agreement Targets

Solar power is just one of many ways Africa is helping to reduce greenhouse gas emissions<p>Johannesburg — AFRICAN countries can meet climate targets …

Southern Africa

NextGen Wealth Driving The Creation Of Single-Family Offices In Asia

Asia is producing a great number of new super-rich families (net worth = $500 million or more). At the same time, those families new and older are establishing single-family offices. With respect to established ultra-wealthy families, the children or grandchildren of the wealth creators, depending …

Nextgen

RBI Hit List Orders India’s Banks to Act on Big Companies’ Bad Debt

Lenders given year-end deadline to either resolve bad debts for 40 companies or refer them to bankruptcy courts<p>By<p>Manju Dalal and<p>Debiprasad Nayak<p>India’s central bank is headed for a collision with some of the country’s largest companies, as it steps up pressure on banks to clean up a chronic …

Bank of India

UBS: 'Inflation is not dead, just sleeping'

LONDON — The days of high global inflation aren't completely over, they're just taking a bit of a breather.<p>That's the opinion of a team of economists from Swiss bank UBS in its latest Global Economic Outlook note, released this week.<p>In the years since the financial crisis, inflation worldwide — …

UBS CEO: Blockchain to Play 'Big Role' in Reshaping Industry

Add the CEO of Swiss banking giant UBS to the "blockchain not bitcoin" crowd.<p>In a new interview with CNBC this week, Sergio Ermotti expressed doubt …

World Economic Forum

Weak agricultural commodities continue to slide

Harare - The weakness in the world’s agricultural commodity prices that began earlier in the year continued into the third quarter, the World Bank's …

Price Index