24 women founders and entrepreneurs, driving economic growth and development for Africa, have been selected as finalists for 2020 AWIEF Awards
The Africa Women Innovation and Entrepreneurship Forum (AWIEF) (AWIEForum.org), a leading pan…
Are African Development Bank (AfDB)’s financing policies climate-friendly? (By Wangeci Migwi, Amy Giliam and Nicole Rodel)
The twin crises, COVID-19 and the climate emergency, have made it clear, even for global financial institutions, …
Market Summary
The GSE Composite Index recorded no gains or losses at the session, closing at 1,827.35 with a -19.04% year-to-date return while the market capitalization stayed at GH¢53.01 billion.
The GSE Financial Index was flat at …
Verityhurst Wants to Fund African Companies that are Interested to be Listed on the Johannesburg Stock Exchange
Verityhurst (Pty) Ltd, a South African based Private Equity firm that has invested in three companies over the past five mo…
Indonesia has fallen into its first recession in 22 years as the coronavirus pandemic continues to take it toll.
South East Asia's biggest economy saw growth fall 3.49% in the third quarter of the year, compared to the same period in 20…
The Bank of England is to pump an extra £150bn into the economy as it warned the resurgence of Covid-19 would lead to a slower, bumpier recovery.
Tighter lockdown rules, including new restrictions in England, are expected to push the UK…
The National Board for Small Scale Industries (NBSSI) has been overwhelmed with fresh applications from businesses seeking opportunity to benefit from the NBSSI and Mastercard Foundation Nkosuo loan scheme.
The Executive Director of NBS…
Hajia Alima Sagito-Saeed, Executive Director of Savannah Women Integrated Development Agency (SWIDA-GH), a women advocacy group, says empowering women economically is critical to helping them realise equal rights, curb issues of gender ine…
FURNITURE and décor company, Orca Deco, has released a 60 seconds commercial to celebrate Ghanaians on how they carried themselves during the peak of the COVID-19 pandemic in the country.
The commercial which is now on major televisio…
Marks & Spencer sank to the first loss in its 94 years as a publicly-listed company as the coronavirus crisis hit trading.
In the six months to 26 September, the retailer made a loss of £87.6m, compared with profits of £158.8m in the sa…
Three-hundred and forty-nine youth have been enrolled into various apprenticeship training programmes under the Okere District Empowerment Fund (OkDEF) to create job opportunities for them.
The OkDEF, initiated by the Okere District Ass…
Members of the Agona East District Assembly have unanimously approved a GHc8.8million budget for 2021 to ensure effective execution of planned developmental policies and programmes.
Out of the figure, GH¢ 421, 328.16 would be from the A…
Vegetable farmers, in the coastal areas of the Volta Region, have commended the government’s for its flagship programme, Planting for Food and Jobs (PFJ), but asked for support to reduce post-harvest losses.
The PFJ is a government’s de…
Elated Robert Ahomka-Lindsay, the Deputy Minister of Trade and Industry, on Tuesday described the passage of the Ghana Enterprises Agency (GEA) Bill, 2020 by Parliament as "momentous."
"We want to extend huge gratitude to both sides of …
The International Air Transport Association (IATA) announced that passenger demand in September remained highly depressed.
Total demand (measured in revenue passenger kilometers or RPKs) was 72.8% below September 2019 levels (only sligh…
The International Air Transport Association (IATA) released September data for global air freight markets showing that air cargo demand, while strengthening, remains depressed compared to 2019 levels.
Global demand, measured in cargo t…
Market Summary
The GSE Composite Index closed today’s session 9.92 points (-0.54%) lower at 1,827.35 with a -19.04% year-to-date return due to two financials while the market capitalization decreased by 0.20% to close at GH¢53.01 billion.…
Director of Technology at Vodafone Ghana, Shoyinka Shodunke, has disclosed that his out outfit is under-going a digital transformational regime to provide Ghanaians with quality services.
According to him, Vodafone has established three…
African Development Bank, Africa Investment Forum Founding partners, announce postponement of the Africa Investment Forum to 2021
The annual three-day investment marketplace was initially scheduled for November 2020 in Johannesburg, Sou…
Understanding Asset Classes and Investment Risk (Part 2).
• Collective Investment Scheme: Collective Investment Scheme (CIS) is an investment type where two or more investors pool funds to invest.
A collective investment scheme is manage…
Vodafone Ghana has been adjudged Telecom Company of the Year and Brand of the Year 2019 at the third edition of the Ghana Business Awards (GBA) held at the Kempinski Hotel in Accra on Friday.
Vodafone Ghana won these prestigious awards…
The Ministry of Finance says it is committed to implementing the directives of the President Nana Addo Dankwa Akufo-Addo on the Agyapa transaction.
A statement signed by the Public Relations Unit of the Ministry of Finance assured the p…
The National Board for Small Scale Industries (NBSSI) has been elevated into a bigger entity to be known as the Ghana Enterprises Agency (GEA).
It will enable the new entity to become more impactful by coordinating the micro, small and …
The Ghana Shippers’ Authority (GSA) has cautioned importers and exporters to stop engaging in illegal activities in their shipping transactions.
Shippers who under-declare the value of their goods to evade taxes, forge documents and eng…
The stock market debut by Chinese tech giant Ant Group has been abruptly halted.
Ant, backed by Jack Ma, billionaire founder of e-commerce platform Alibaba, was set to sell shares worth about $34.4bn (£26.5bn) on Thursday.
The listin…
The International Monetary Fund (IMF) has said continuing government support is "essential" for the struggling UK economy to recover.
The UK can afford it, and support is needed to see it through the coronavirus pandemic and the Brexit …
Shop-owners in cities across the US are boarding up windows as they brace for unrest following the US election.
The preparations come just a few months after many businesses were hit by looters in the violent demonstrations that erupted…
MTN Group says it has demonstrated strong performance despite the impact of COVID-19 on lives and livelihoods across its markets.
Mr Ralph Mupita, the MTN Group President and Chief Executive Officer, in a statement, said to meet the inc…
The National Board for Small Scale Industries (NBSSI) says it has not sanctioned the collection of any fee from applicants for processing of NBSSI/Mastercard Foundation's Nkosuo loan applications.
The NBSSI statement followed alleged te…
The National Board for Small Scale Industries (NBSSI)has presented start-up kits to 50 young entrepreneurs in the Bono region to boost their respective businesses.
The support falls under the NBSSI’s Youth Entrepreneurship and Employmen…
Within the framework of the partnership agreement between OCP Africa and Ministry of Food and Agriculture (MoFA), in September 2019 and as part of the agribooster program, OCP Africa has organized a 4-day training programme for 200 Agricul…
Foreign Investment Has A Vital Role to Play in Africa’s Economic Growth: We Must Do What We Can to Encourage It
Despite the COVID-19 pandemic, not all of the economic news in Africa has been negative. We continue to see promising develo…
The GSE Composite Index opened the week flat at 1,837.27 with a -18.60% year-to-date return while the market capitalization stayed at GH¢53.12 billion.
Accordingly, the GSE Financial Index recorded no gains or losses, closing at 1,651.…
Africa’s energy masterplan takes shape as African Development Bank and African Union Development Agency (AUDA-NEPAD) release key report
The study, supported by the European Union, is the first step in an ambitious project to create an e…
Private equity and venture capital to spur Africa’s essential service development and digital transformation
Oxford Business Group and African Private Equity and Venture Capital Association to team up for new Covid-19 Response Report
…
Group revenue up by 7% year-on-year to US$14.5 billion
Q2 pre-tax income (PTI) of US$470 million, up 52% year-on-year
Net income up 53% year-on-year to US$310 million
Group sees significant future growth opportunities well exceeding ana…
Aviation leaders to define the roadmap for the recovery of the African air transport industry at AFRAA’s 52nd AGA
The African Airlines Association (AFRAA) and TAAG Angola will host the 52nd Annual General Assembly in a virtual format on…
• The Aavishkaar Group and Intellecap are hosting the social entrepreneurship global event between November 2-6, 2020 that will be attended by close to 5,000 participants including global delegates from across 35 countries
• This year’s t…
The general Agricultural Workers Union (GAWU) of the Trades Union Congress (TUC)has praised the government for the 28 percentage increase in the cocoa price.
The Union has also commended government for the planting for food and jobs pol…
Government has called on the business community in Ghana and Rwanda to take advantage of their vast economic potentials to explore business opportunities in all sectors of the economy.
Government also encouraged the Rwandan government a…
The economies of the eurozone bounced back in the third quarter of the year, according to new official figures.
Economic activity for the region as a whole was 12.7% higher than in the previous three months.
But the growth was not en…
Ryanair customers will not be refunded for flights in November, according to its boss, despite the UK government banning all but essential travel.
Michael O'Leary said if a flight was operating, passengers would not get their money back…
Businesses borrowing from banks will leap more than fivefold in 2020 compared to last year, according to analysis from the EY Item Club.
The economic forecaster found that net borrowing from banks rose to £43.2bn between January and Aug…
The Ghana Investment Promotion Centre (GIPC) has been adjudged the Best Investment Promotion Agency in West and Central Africa at the 2020 Annual Investment Meeting (AIM).
This is the fifth consecutive year that the Centre has emerged w…
The 4th Ghana Energy Awards (GEA) has honoured deserving personalities and companies in the country's energy sector in Accra.
At the climax of the event, the Chief Executive of the Bui Power Authority, Mr Fred Oware, took home the prest…
Business owners are being urged to make electronic payment services available at their shops and offices to offer customers the opportunity to make payments electronically during the Christmas festivities.
Speaking in an interview, the …
Stock Market Highlights
The benchmark index declined by 0.30% due to losses in MTN Ghana (-1.61%) to close at 1,837.27 with a -18.60% year-to-date return while market capitalization declined by 0.11% to settle at GH¢53.12 billion.
Gain…
Shell and AVEVA Strategically Partner to Deliver Engineering Data Warehouse to Drive Asset Reliability, Enhance Efficiency and Reduce Unplanned Downtime
AVEVA And Shell Align in Digital Transformation Vision to Enable Frontline Workers…
By combining forces, Worldline gets one step closer to our vision of enabling sustainable and profitable economic growth for banks, merchants and the entire payments ecosystem
By combining forces with Ingenico, Worldline (Worldline.com)…
IDEMIA, a global leader in identity and security solutions and the number one provider of driver’s licenses in the U.S., today announced the development of a Converged Card solution in partnership with Mastercard, allowing cardholders to s…
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