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Somalia plugs 5G into its economic rebound

Somalia plugs 5G into its economic rebound

SOMALIA has received its first 5G installation, cranking up a series of reforms to revamp its economy after joining the East Africa Community (EAC). Hormuud Telecom Somalia Inc., its largest telco, rolled out faster internet speeds last month, signalling budding growth in the country's digital services industry. "As Somalia strides towards stability, the launch of 5G services by Hormuud Telecom emerges as a critical milestone. This initiative is more than just a technological advancement, it's a symbol of our nation's commitment to growth and constant improvement," said Somalia's Telecommunications Minister Jama Hassan Khalif. The immediate benefit of this rollout, according…
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Ghana’s Akufo-Addo sees strong economic recovery in 2021

Ghana’s Akufo-Addo sees strong economic recovery in 2021

GHANA's President Nana Akufo-Addo has predicted a sharp economic rebound this year after a pandemic-induced downturn thanks to new mining projects, increased manufacturing and expanded financial services. Ghana, West Africa's second-largest economy and a major producer of gold, oil and cocoa, saw economic growth slide to an estimated 1.9% in 2020, the lowest in decades. The country's debt-to-GDP ratio rose past 70% and prompted the International Monetary Fund to warn about possible debt distress. In his first state of the nation address since his re-election in December, Akufo-Addo said economic growth would top 5% this year. He touted recent investments…
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