Uber has revealed that it is seeking a valuation of $90bn (£70bn) in its much anticipated stock market flotation.
The taxi-app firm has said that its shares will be priced at between $44 and $50 each, with the share issue set to raise a…
RBS has reported a drop in profits for the first three months of the year and warned of the continuing impact of Brexit uncertainty on near-term growth.
The bank, which is 62% government-owned, reported £707m profit, down from £808m for…
Dr John Ofori-Tenkorang, the Director-General of the Social Security and National Insurance Trust (SSNIT), on Wednesday said low pension payment is the reflection of members contribution to the Trust during active service.
He said 25 pe…
Scandinavian airline SAS has cancelled hundreds of flights globally leaving thousands of passengers stranded after pilots in Norway, Sweden and Denmark went on strike.
SAS said 673 flights would be cancelled on Friday affecting 72,000 p…
China's President Xi Jinping has sought to ease concerns about its Belt and Road project at a summit in Beijing.
Speaking at the forum, Mr Xi vowed to ensure transparency and the "fiscal sustainability" of all projects.
The initiativ…
MTN Ghana Limited on Thursday launched its "Smart Feature Device" in Accra to offer low income earners the opportunity to access affordable mobile phone with internet services and social media applications.
The Device has features such …
The New Juaben Municipal Office of the Business Advisory Centre is training 300 youth in various skills to enable them to start their own businesses.
The six-months training started in December, last year, and will end in May, this year…
Nana Appiagyei Dankawoso I, the President of the Ghana National Chamber of Commerce and Industries (GNCCI), has pledged the Chamber's preparedness to help Unilever Ghana Limited and steel manufacturing company; B5 Plus Limited, to address…
Leading P&G Brands Including Pampers, Ariel and Herbal Essences Expand Leadership in Responsible Consumption
The Procter & Gamble Company (NYSE:PG) today detailed the roadmap and actions its leadership brands are taking to increase posi…
Samsung Electronics West Africa, subsidiary of the global technology giant Samsung Electronics has officially unveiled Ghanaian dancehall and reggae superstar Stonebwoy as its new brand ambassador at launching of the all new Galaxy A Serie…
Group identifies opportunities to innovate in new and existing markets as it consolidates its presence across the continent
Accor (www.AccorHotels.com), a world-leading augmented hospitality group, is fast-tracking its development plans…
At the end of March 2019, the Bank’s active portfolio in Nigeria comprises 60 operations with total commitments of US$4.5 billion
At a meeting with the African Development Bank (www.AfDB.org) President in Abuja, Nigeria’s President Muha…
Two workers suffered burns in an early hours explosion at Tata's biggest steelworks plant in the UK.
Residents living near the Port Talbot plant spoke of hearing a "massive" blast shortly after 03:30 BST.
Images posted on social medi…
The Chief Executive Officer of Tullow Oil PLC, Paul McDade has disclosed that the board of the company will today ask shareholders to approve the Group’s first dividend payment since 2014.
In a statement issued in advance of the Group’s…
Acting US Defence Secretary Patrick Shanahan has been cleared of allegations that he showed favouritism towards Boeing, his ex-employer.
The defence department's inspector general had been investigating him over a complaint filed in Mar…
A project that seeks to facilitate business partnerships between Dutch entrepreneurs and Ghanaian and Ethiopian diasporans residing in the Netherlands for the development of the private sector in the two African countries has been launched…
Who: The African Development Bank
What: Investment Forum on Special Agro-Industrial Processing Zones
Date: Tuesday, 30 April 2019
Venue: African Development Bank, Central…
Former Nissan boss Carlos Ghosn has left his Tokyo jail, with conditions attached.
Earlier, a court set bail at 500 million yen ($4.5m; £3.5m), paving the way for this latest release.
Mr Ghosn faces four charges in Japan over allegat…
The benchmark index edged lower due to downward price movement in two financial stocks. The GSE-CI shed 10.77 points (-0.45%) to close at 2,384.59 with a -7.29% year-to-date return while market capitalization declined by 0.86% to settle …
Microsoft has seen its stock market value top $1 trillion (£774bn) after reporting better-than-expected sales and profits.
The US software giant passed the mark briefly on Thursday, before its share price fell back.
It makes it one o…
Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) (Newmont Goldcorp or the Company) today announced the successful conclusion of its transaction combining Newmont Mining Corporation and Goldcorp Inc. to form the world’s leading gold busin…
Aptorum Group Establishes Smart Pharma to Focus on Computational Repurposed Drug Discovery for Orphan and Unmet Diseases
Aptorum Group Limited (Nasdaq: APM) today announced the establishment of a new subsidiary group, Smart Pharma (“Sma…
Eastern Libya commander Khalifa Haftar has thrown much of his military forces into attacking Tripoli, but the outcome of the offensive could be determined by a separate battle — to keep open the parallel finance system that funds his soldi…
Canada’s Bombardier Inc cut its full-year profit and revenue forecast on Thursday, as delays in some large projects hit its dominant transportation unit that makes rail cars.
The plane-and-train maker is nearing the end of a five-year t…
World leaders are gathering in Beijing from Thursday for a summit on China's Belt and Road initiative amid growing criticism of the project.
The sweeping infrastructure project aims to expand global trade links.
The initiative has fu…
African Development Bank boosts cyclone response with emergency relief package and measures to combat climate change
The Bank’s Climate Fund will also release $150,000.00 to Malawi to enable authorities to assist communities and interna…
Mr Dennis Armah-Frempong, District Chief Executive (DCE) for Agona East has cautioned market women and private business operators in the district to refrain from conniving with revenue collectors to dupe the Assembly.
He said some cor…
E-commerce is booming and is fast becoming the preferred means for most shoppers across the globe due to the convenience it offers and the unlimited access it provides to millions of products for shoppers. But with this boom has come a som…
Professor Peter Quartey, the Head of Economic Division at the Institute for Statistical, Social and Economic Research on Tuesday called on the Bank of Ghana to regulate the Foreign Currency Black-market Transactions.
He said the measure…
The Security and Exchange Commission (SEC) says it will pursue the interest of licensed asset management firms with legally proven locked up funds in some microfinance and savings and loans firms, which have run into financial difficulty.
…
The Chief Executive of the National Petroleum Authority, NPA, Mr Hassan Tampuli, has said his outfit would seek for the amendment of the ACT establishing the Authority to enable it to apply tougher sanctions on those caught in petroleum th…
The benchmark index was bullish today, recording upward price movement in three counters in the consumer goods, banking and petroleum marketing sectors. The 3.40 points (+0.14%) gain translates to a week high of 2,395.37 with a -6.88% ye…
Brightline Initiative and Duke Corporate Education Collaborate to Advance People-centric Strategy Execution
The Brightline™ Initiative announced a new research collaboration with Duke Corporate Education (Duke CE), part of Duke Univer…
Deutsche Bank and Commerzbank have abandoned merger talks, saying the deal would have been too risky.
Both banks said the deal would not have generated "sufficient benefits" to offset the costs of the deal.
The German banks only ente…
The Director of Research at the Bank of Ghana, Mr Philip Abradu-Otoo has debunked reports that the central bank was injecting dollars into Ghana's economy to help stabilize the cedi.
He said though the central bank supplies dollars to s…
The Director General of the Social Security and National Insurance Trust (SSNIT), Dr John Ofori-Tenkorang, says the value of pensions received by pensioners is better than any form of personal investments they can undertake.
Using examp…
Visa, the global payments technology company and PalmPay, a new player in Africa’s Fintech industry, today announced a partnership to advance financial inclusion across Africa through access to digital payment services.
As part of the p…
BIMA Ghana, pioneers of mobile delivered health and insurance services has unveiled two new products in partnership with Allianz Life Ghana at a ceremony held at their office in Alajo, Accra.
Explaining the products to participants, Mr …
Emissions reduction in cement production and capture of CO2, equal to 24% of cement mass during concrete curing, reduces carbon footprint up to 70%
The carbon impact of Solidia Technologies® cement and concrete has surpassed four millio…
The Western Regional Command of the Customs Division of the Ghana Revenue Authority says the Region has made good strides since the implementation of the paperless system of coordinating import and export transactions initiated in 2014.
…
Caterpillar Inc spooked investors for a second straight quarter on Wednesday with a 4 percent drop in Asia-Pacific construction equipment sales that pointed to more weakness in China, its key growth market.
Shares of the heavy-duty equi…
Hollywood has a new suitor in Silicon Valley.
Airbnb Inc, the high-flying startup for booking home rentals around the world, has ambitions to develop a slate of original shows to whet customers’ appetite for travel, four people famili…
Virgin Trains has proposed an end to standing on long-distance journeys by managing rail services like flights.
The firm argues seats should be sold as reservation-only, as part of a broader break-up of the rail franchise system.
The…
Mr Bakary Dosso, the Acting Director of Economic Commission for Africa (ECA) Sub-Regional Office for West Africa, has reiterated the Office's readiness to working with major actors to successfully implement the demographic dynamics for dev…
The Bank of Ghana (BoG) says it will crack the whip on recalcitrant forex bureau operators who fail to comply with the laws governing forex trading in the country.
The clampdown, which will start by the end of the year, forms part of a …
Vice President Dr Mahamudu Bawumia has stated that a well-harnessed entrepreneurship model is a vital driver of a country's socio-economic growth.
He said entrepreneurship resulted in the creation of new businesses, which were essential…
There were no gainers or losers at the session as trade activity slowed because of the just ended Easter holidays. Consequently, the benchmark index closed at the previous level of 2,391.97 with a -7.01% year-to-date return while market …
The Managing Director of Stanbic Bank Ghana Limited, Mr Alhassan Andani, says the country has reached a crossroads where it has to choose between imports and exports in its attempts to find lasting solutions to the perennial depreciation o…
Freshworks integrates with the WhatsApp Business solution to empower brands to offer scalable online support to 1.5 billion messaging users
WhatsApp Business API Added to Freshworks Omniroute™, its patent-pending routing technology, all…
Kenya is poised to be a global success story because of its motivated youth, a dynamic private sector and improving infrastructure
Arrow Electronics (FiveYearsOut.com) and social enterprise Close the Gap launched its third DigiTruck in …