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FX Insights

FX Insights

By Mohamed A. El-Erian

Ghana Investment Fund for Electronic Communications (GIFEC), an Implementing Agency of the Ministry of Communications and Digitalisation responsible for programmes to close the Digital Divide, has been commended for its strong operational and financial position by a member of the Public Accounts Committee (PAC) of Parliament –Isaac Yaw Opoku –Member of Parliament for Offinso South Constituency, who led the review of GIFEC's statement of operations and financial position by the PAC, on 3rd February, 2023.

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He observed that GIFEC posted an impressive

CFAO expands Mercedes-Benz distribution network in Africa

CFAO expands Mercedes-Benz distribution network in Africa CFAO is expanding distribution for luxury automaker Mercedes-Benz in four more African countries: Cameroon, Côte d’Ivoire, Ghana and Senegal. These four markets add to the existing CFAO Mobility network of Mercedes-Benz dealerships, established over the course of a 23-year partnership with the German brand, which is cementing its position as a leading manufacturer with a pivotal role to play in shaping future mobility solutions. Distribution network growth in these four African countries dou - bles CFAO Mobility’s coverage and confirms its drive to continue developing this key partnership at the premium end of the market.

Back in 1999, CFAO Mobility acquired a number of Mercedes-Benz dealerships in Kenya and Tanzania, then extended the network to Mauritius and Madagascar in 2016.

Mercedes-Benz vehicles are now sold in eight countries. They include a fully customizable range of sedans, SUVs and vans featuring iconic models like the C-Class, the GLE and the S-Class. CFAO Mobil-

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