While COVID-19 continues to hit the global economy, governments are looking to infrastructure as a way to create future employment and sustain the eventual economic recovery
While COVID-19 continues to hit the global economy, governments are looking to infrastructure as a way to create future employment and sustain the eventual economic recovery.
This includes the UK, where the government is promising to invest £100bn (€112bn) in new infrastructure by 2025, taking its public investment as a share of GDP from 2% up to 3%, in line with the OECD average. The UK’s National Infrastructure Strategy (NIS) plans for £640bn in capital investment across the economy by 2025. The government is expecting the new National Investment Bank (NIB) to be key in ‘crowding in’ private capital.
David Neal
This is easier said than done. Globally, private infrastructure investment has been declining for a decade. The G20-affiliated Global Infrastructure Hub calculates that annual private investment in primary infrastructure globally – greenfield projects or asset recycling – has dropped from $155bn (€128bn) a decade ago, to $106bn in 2019, with the greenfi
By Reuters Staff
1 Min Read
CAIRO (Reuters) - Egypt’s state-owned National Investment Bank (NIB) slashed yields on its investment certificates by up to 3.75% over the weekend, bankers said on Sunday.
The surprise yield reduction could indicate the central bank is preparing to lower its overnight interest rates when its monetary policy committee meets on Thursday, two analysts told Reuters.
Yields on certificates with a maturity of one year were now 6%, on two years 6.5%, on three years 9% and on 10 years 9.5%, according to the website of the state-owned National Bank of Egypt (NBE), which markets the instruments for NIB.
Previously, the certificates bore a yield of 9.75% for one year, 9.5% for two years, 9.25% for three years and 9.75% for 10 years, an NBE official told Reuters.
Mensah Datsa’s Verdict Ought to Be Reviewed Listen to article
My concern here is not to hold brief for Mr. Ernest Owusu-Bempah, the close Konadu Agyeman-Rawlings’ political associate in the case regarding Mr. Owusu-Bempah’s alleged defamation of Mr. Ibrahim Mahama, the businessman and younger brother of former President John Dramani Mahama, the Akonfem-Kanazoe man, that is. Rather, it has to do with the patently unprofessional conduct of Justice Georgina Mensah Datsa, the presiding Accra High Court judge who handed down the verdict of GHȻ 300, 000 (Three-Hundred-Thousand Cedis) in damages awarded in favor of Mr. Ibrahim Mahama, with an order for the aforesaid money to be withdrawn from the National Investment Bank (NIB) personal account of the respondent and paid directly to the plaintiff (See “Court Orders NIB to Transfer GHȻ 310K from Owusu-Bempah’s Account to Ibrahim Mahama” MyNewsGH.com / Ghanaweb.com 1/21/21).
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