Klapton mining assistance program – strong flows in 2017

Publications, Shay Reches

Gold mines in 6 countries have benefitted from Klapton Insurance assistance Over the course of 2017 Klapton has generated significantly increased activity in its mining assistance guarantee program, primarily in Africa sub-saharan countries. 15 gold mines in 6 countries have benefitted from Klapton’s assistance in arranged heavy yellow equipment purchase and offtake pre-funding agreements with […]

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Ghana: Hopeful month, Shaky season

Publications, Shay Reches

Resolution of border dispute with Ivory Coast is a boost for Ghana. Image courtesy of TULLOW OIL PLC The good news is that Tullow Oil will resume drilling in Ghana after the resolution of the border dispute with Ivory Coast that has halted expansion of an important new field for two years. An international tribunal […]

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Egyptian Economy: Cautious Optimism

Publications, Shay Reches

Egypt’s economic situation continues to improve since flotation of Egyptian pound. Egypt’s economic situation has significantly improved since the flotation of the Egyptian pound in late 2016 and continues to show signs of vigour. Improvement was mainly noticed in external accounts and foreign currency liquidity and a 60% increase in the Central Bank currency reserves […]

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Ivory Coast Financial Markets

Publications, Shay Reches

Ivory Coast: Financial markets unrest following mutiny. In May 2017, several Ivorian troops, who were loyalists to president Ouatara, conducted a mutiny after the scrapping of a deal agreed in January to give them back pay and bonuses. The issue was resolved when the government agreed to the rebels demands and made an immediate part […]

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Ghana: The Struggle Continues

Publications, Shay Reches

Ghana growth expected after economic uncertainty. Growth is expected to accelerate this year, following an increase in oil output. The government’s deficit reduction plan, together with IMF support, may result with greater business confidence, and increased investment. Growth is expected to hit 5.6% in 2017, and 6.1% in 2018. Fiscal deficit continues to trouble Ghana. […]

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