Chinese telecoms giant Huawei Technologies said on Tuesday it will hand out 2 billion yuan ($286 million) in cash rewards to staff working to help it weather a U.S. trade blacklisting.
The world’s largest telecoms equipment provider has…
Cal Bank Ghana 2019 third quarter profit increased by 18.1 per cent to GH¢135 million, in-coming Managing Director of the bank, Philip Owiredu has said.
The third quarter 2019 profit after tax of Cal Bank rose to GH¢135 million from G…
There are increasing hopes in Washington and Beijing that an agreement to help resolve the US-China trade war could soon be in sight. But this is a rivalry between two superpowers that is about much more than just trade, it is one that spa…
Ghana has received 300 million Yuan grant and 250 million Yuan debt write-off from the People's Republic of China, as part of efforts to boost the nation's infrastructural development.
Additionally, the rest of the US$649 million being …
Mr Martin Domotiere Bomba-Ire, the Lawra Municipal Chief Executive (MCE), has said the Assembly would continue with its efforts to grow the local economy by creating an enabling environment for local businesses to thrive.
He said, in fu…
The Government of Ghana, through the Exim Bank, has approved an amount of GH?5,444,760.00 as a stimulus package to revive the Astek Company Limited at Nsawam, to give jobs opportunities to the youth in the area.
The capital expenditure …
Orange unveils the winners of the 2019 edition of the Orange Social Venture Prize in Africa and the Middle East
At AfricaCom, the largest technology trade show in Africa, held in Cape Town on 12-14 November, Orange has unveiled the …
Agreements for intended financing signed at African Investment Forum
European Investment Bank supports expanded membership of Africa Trade Insurance Agency (ATI-ACA.org); Availability of investment insurance to strengthen investment and…
UK-JAPAN ENERGY PARTNERSHIP OF AZURI AND MARUBENI WINS AT BRITISH BUSINESS AWARDS
The successful partnership between Azuri Technologies [1], a leading pay-as-you-go solar solutions innovator, and Fortune 500 company Marubeni Corporation…
MTN is set to deploy 5,000 OpenRAN sites across their 21 operations
Parallel Wireless, Inc., the leading U.S.-based OpenRAN company delivering the world's only software-defined end-to-end OpenRAN solution for coverage and capacity, tod…
2019 Africa Investment Forum: Achieving an African economy four times bigger with only a 50% increase in energy demand
Africa has the potential to expand the continental economy fourfold, with energy demands expanding by only 50 p…
The European Investment Bank (EIB) has announced a $1.1 billion lending programme to help women entrepreneurs on the continent.
EIB Vice President, Ambroise Fayolle, also revealed that the bank has signed three further agreements …
Ghana is a key market for both Ford and Tractafric Motors in West Africa
Tractafric Motors already operates Ford dealerships in Cameroon, Democratic Republic of Congo, and the Ivory Coast
Expansion of strategic partnership will supp…
Consumer demand for personalisation drives revenue growth in Africa’s Entertainment & Media industry – PwC’s Africa Outlook
The Outlook is a comprehensive source of analyses and five-year forecasts of consumer and advertising spending a…
A hundred and nine countries are represented at this year’s conference, 61 of which are not African, indicating growing international interest in the annual gathering
The Africa Investment Forum is making phenomenal progress in …
South African cabinet approved the Integrated Resource Plan (IRP 2019) that plotted the path for the nation’s generation technology mix to assuage the current energy crisis
Last month the South African cabinet approved the Integrated Re…
African Development Bank’s African Financial Markets Initiative to hold workshop on domestic bonds and capital markets development
Who: The African Development Bank’s African Financial Markets Initiative
What: Workshop on local curr…
African Development Bank, Credit Suisse, Industrial and Commercial Bank of China and Ghana Cocoa Board ink $600 million loan agreement to boost cocoa production
Agreement is a turning point for scaling up the cocoa value chain …
Sir Richard Branson's Virgin Group has apologised for a "poorly chosen image" he tweeted to mark the launch his new Branson Centre of Entrepreneurship in South Africa.
The entrepreneur tweeted a photo which was criticised for failing to…
Weathering the Storms of the Stock Markets (Part 2)
The term "bear market" is derived from the downward, painful, and vicious decline reminiscent of the swipe made by an attacking bear. In contrast a ‘’bull market’’ depicts how a bull t…
The Ghana Securities Industry Association (GSIA) has advised the investing public to remain calm and eschew panic withdrawals as the remaining companies were liquid, robust and better placed to serve their needs and protect their investm…
Government has signed the Concession Agreement for the construction of the Accra SkyTrain Project.
The deal was signed on the sidelines of the ongoing African Investment Forum, on Monday.
The signing of the SkyTrain agreement means f…
Weekly Highlights
Yields on 364-Day T-bill and 2-Year Note raised.
The equity market halted further declines.
The Ghana cedi advanced against the British pound and the Euro.
Gold fell to a three-year low as US and China made pr…
HOW TO UNLOCK AFRICA'S $3TN FREE TRADE OPPORTUNITY
New research from global law firm Baker McKenzie and Oxford Economics – AfCFTA's US$ 3 trillion Opportunity: Weighing Existing Barriers against Potential Economic Gains_ - shows that if…
Mary Kay Continues Its Commitment to Advance Skin Science Research at the Japanese Society of Investigative Dermatology
Global Cosmetics Company Sponsored Symposium on Skin Barriers and Skin Redness Among Renowned Dermatologists
As a…
Gozem and Total Togo join forces to offer Togolese drivers payment cards for the cashless purchase of fuel & related services
Gozem, Africa’s transport app, and Total Togo, the leading oil distributor in Togo, are pleased to announce th…
International Air Transport Association (IATA) highlighted three priorities to improve aviation safety in Africa
The International Air Transport Association (IATA) called on governments and industry in Africa to focus on four priorities…
Africa Investment Forum: “Short on talk, heavy on deals”, African Development Bank, South African government and partners affirm
Around 2000 delegates are expected to attend the innovative investment marketplace
The Africa Investment…
Dangote Industries Appoints Halima Aliko Dangote as GED Commercial Operations
Halima Aliko Dangote has been appointed as the Group Executive Director, Commercial Operations of Dangote Industries Limited (DIL) (Dangote.com), one of Afric…
CalBank will in the next three years focus on the digital transformation of its operations to enhance performance and provide access to products and services for customers at their convenience.
The bank would also enhance the bank's dig…
Chinese retailer Alibaba Group Holding Ltd said on Monday that sales for its annual Singles’ Day shopping blitz crossed the $30 billion mark at 4:31 p.m. (0831 GMT), putting the event on track to set a record in its 11th year.
The figur…
President Nana Addo Dankwa Akufo-Addo has described China as a true partner of Ghana.
He said China was Ghana’s biggest trading partner and that many ongoing development projects in the country were taking place with the assistance of…
An Internet service provider, Surfline Communications Limited, has unveiled new data packages for its subscribers.
Dubbed “AlwaysOn Bundle,” the product is to enable new and existing customers subscribe to an unlimited internet package …
Professor Abednego Feehi Okoe Amartey, Vice Chancellor, University of Professional Studies, Accra (UPSA) has advocated for a New Public Sector Management Paradigm in the public sector in Ghana.
He said a quantum leap from an inefficient…
The Leadership of the Entrepreneurs Foundation of Ghana has celebrated some selected business icons and 29 outstanding made in Ghana quality products and businesses establishments at the third Ghana Business Quality and Pride Awards in Acc…
The Upper East Regional Tax Justice Coalition (TJC), an advocacy organization, has called on government to review the current tax system to expand the tax net and collect more revenue for national development.
The Coalition said taxatio…
The Ghana Federation of Labour (GFL) has said that the 2020 budget should tackle the dire situation of the Ghanaian textile manufacturing industry are facing.
Mr Abraham Koomson, GFL Secretary General told the Ghana News Agency in an in…
President Nana Addo Dankwa Akufo-Addo left Ghana on Sunday for Johannesburg, South Africa, to attend the Second Edition of the Africa Investment Forum.
The Forum, organised by the African Development Bank and its partners, is the larges…
By Ken Sackey and Christian Akorlie, GNA Special Correspondents, Johannesburg, South Africa
President Nana Addo Dankwa Akufo-Addo, on Monday underlined the need for an African framework, to pull investments into the different sectors…
Market Performance
Market Indices Trend
Top Trades by Volume
Top Trades by Value
Gainers & Losers
The market, backed by strong showings in the financial sector ended the week in positive territory…
Ogilvy Africa has named Vikas Mehta as its new Chief Executive Officer. He takes over from Mathieu Plassard who is moving to Ogilvy South Africa in a new role.
Until his appointment, Vikas was the CEO of Mullen Lintas, in India. He will…
British Steel is set to announce a rescue deal with China's Jingye Group, which could safeguard up to 4,000 jobs in the UK.
Jingye Group has agreed in principle to buy British Steel for £70m.
It is understood that the government will…
Senior Minister, Yaw Osafo Maafo, has raised concerns about the high levels of importation of goods into the country.
In 2018, a total of USD1.35 billion was spent on the importation of rice into Ghana.
Currently, flowers are being i…
The Securities and Exchange Commission (SEC) has withdrawn the licenses of 53 fund management companies with effect from Friday, November 8, 2019.
The SEC said the affected companies failed to return client funds which remained locked u…
Groupe Nduom Limited has reacted to the Securities and Exchange Commission's revocation of licenses of 53 fund management companies, which includes Blackshield Capital Management (formerly Gold Coast Fund Management).
According to Group…
Consolidated Bank Ghana (CBG) has backed efforts by the government to build a strong partnership with Singapore in order to increase trade and investment between the two countries.
CBG, which is a leading indigenous bank, believes suc…
Depositors of the 347 microfinance companies (MFCs) and the 23 savings and loans institutions whose licences were revoked by the Bank of Ghana (BoG) this year for being insolvent can now access up to GH¢20, 000 of their locked-up funds w…
A number of local businesses could fold up by the end of the year if the issue of the Nigeria border closure is not resolved immediately.
According to the Ghana Chamber of Commerce and Industry (GCCI), local businesses in the Ashanti …
Benjamin Osei Asante, a proud Ghanaian IT expert with rich industry experience is set to bring e-commerce platform to the doorsteps of Ghanaians. He has worked with both local companies and multinationals on various projects with an incre…