10-year exclusive strategic bancassurance agreement with one of Ghana’s largest banks, aims for growth in key market
Fidelity Bank Ghana Limited, the largest private indigenous bank in Ghana, and Prudential Life Insurance Ghana, one of …
China's cinemas are reopening after being closed for six months to help slow the spread of the coronavirus.
The China Film Administration said screens in "low-risk" areas could open their doors again from today.
As most of the countr…
The National President of Ghana Electrical Contractors Association (GECA), Nana Addo Tetebo has called on the government to promote investment in the electrical industry as part of the One District One Factory (1D1F) initiative.
He said…
Between ten to 20 selected business proposals from Small and Growing Business (SGB) owners in Ketu South Municipality will receive funding package of between GH¢5,000.
00 to GH¢50,000.00 support their businesses to build the local econo…
"I started my company because my dad received approximately 3p per fleece for his Hebridean wool and I thought, 'We must be able to do better than that,'" says shepherd's daughter Rachel Atkinson.
Rachel manufactures woollen products, b…
Nord Gold SE yesterday offered to buy all shares in Ghana-focused gold miner Cardinal Resources Ltd it does not already own, valuing the Australian-listed company’s equity at A$3c47 million ($243 million).
The UK-headquartered miner’s o…
Netflix has seen a surge in sign-ups due to the coronavirus lockdown, but has warned investors that subscriber growth will slow.
The streaming giant added more than 10 million subscribers in the three months to July, bringing the total …
The coronavirus outbreak has sent a shockwave through the finances of millions of people in the UK.
The effect has not been universal, nor has it been equal. Your age, your job, where you live, and the pre-virus state of your finances w…
Chache Women's Group, which processes shea butter for the local and export markets, is to benefit from a GHC2.5 million initiative to improve and expand its operations.
The group, based in the Bole District of the Savannah Region, would…
The Public Interest and Accountability Committee (PIAC) has urged government to disburse oil revenues earmarked for projects, rather than accumulating it over time.
According to the Committee, which has oversight responsibility over the…
European shares were little changed on Friday, with stocks trading in a narrow range as focus turned to Brussels where European Union leaders are expected to hammer out details of a 750-billion-euro recovery fund.
The pan-European STOXX…
The Organisation of the Petroleum Exporting Countries (OPEC), has revised downward its world oil demand in 2020, to an estimated 8.9 million barrel per day (bpd) adjusting it up by 0.1 million bpd against last month’s projection.
OPEC’s…
The government has reiterated its commitment to improving the livelihood of small and micro business operators, especially among the youth to help minimize unemployment.
Mr Dennis Armah-Frempong, the Agona East District Chief Executive …
Mr. Andrews Teddy Ofori, the Hohoe Municipal Chief Executive (MCE), has commissioned a modern abattoir in the municipality to ensure that animals are slaughtered and processed under hygienic conditions to enhance meat quality for public co…
Team members to join Laureus Sport for Good on two 67-minute Zwift rides to celebrate Mandela Day
Louis Meintjes to don yellow jersey on queen stage of Virtual Tour de France; Team members to join Laureus Sport for Good on two 67-minut…
The benchmark index declined marginally by 7.24 points (-0.39%) as a result of a downward price movement in Ecobank Transnational (-14.29%) to close at 1,874.21 with a -16.97% year-to-date return. The market capitalization was down 0.46% t…
Affirmative Finance Action for Women in Africa, ImpactHER and UN Women Policy Brief exposes disadvantages to women entrepreneurs in post COVID-19 era, offers solutions
The coronavirus pandemic is wreaking economic havoc and hitting wome…
The global COVID-19 storm has transformed the way the world conducts business and, more specifically, what can be accomplished digitally. And while we all long for the human touch and personal interaction, a post-pandemic world of greater …
British Airways has said it will retire all of its Boeing 747s as it suffers from the sharp travel downturn.
The UK airline is the world's largest operator of the jumbo jets, with 31 in the fleet.
"It is with great sadness that we ca…
Ecobank Ghana has partnered Melcom, to bring convenient banking services to the many Ghanaians who patronise Melcom shops.
The collaboration enables Ecobank to provide extended banking services to clients through Melcom’s outlets, comp…
The coronavirus pandemic has brought doom and gloom to many businesses globally, whether big or small, and it looks like there will be more difficult times ahead as governments grapple with the worst economic downturn since the Great Depre…
European shares opened lower on Thursday after Asian stocks faltered overnight, with risk appetite hit by deteriorating U.S.-China relations and worse-than-expected Chinese domestic consumption data.
The White House said on Wednesday it…
A $20 billion fund raising spree may take India’s Reliance (RELI.NS) closer to its dream of becoming a digital giant, further threatening the ambitious plans U.S. companies like Amazon (AMZN.O), Walmart (WMT.N) and Zoom have for India.
…
Ethiopian Airlines, Africa's largest airline, has resumed its service to Duala and Yaoundé in Cameroon.
The service, which started on Monday, July 13, would initially be three times a week - Tuesdays, Thursdays and Saturdays - from Addi…
The illegal trade of Saiko continues unabated specifically at Elmina, with an average of eleven boat landings a week, the Environmental Justice Foundation (EJF), an international Non-Governmental Organisation (NGO) working to protect the e…
Energy Media Group (EMG), a pro-energy media firm, has released a special edition of industry-inspired magazine, a collection of significant oil and gas information, activities and key stakeholders spearheading latest developments in Ghana…
Parliament on Tuesday approved the programme of activities for the Ghana National Petroleum Corporation (GNPC) for 2020, with a call on the state agency to better position itself to be more financially prudent.
The Emmanuel Akwasi Gyamf…
The year-on-year inflation rate was 11.2 percent in June 2020, which is 0.1 percentage points lower than the May record of 11.3 percent.
The monthly change rate for June 2020 was, however, 1.0 percent.
"Even though year-on-year infla…
Regulators from across the African continent reported employing similar relief efforts to mitigate the impacts of COVID-19 on Savings and Credit Cooperative Societies (SACCOs), while expressing concerns about the future on a July 15 webina…
The company has acquired the Pampo & Enchova clusters from state-run Petrobras
Trident Energy, the independent company operating the Ceiba and Okume fields in Equatorial Guinea since 2017, has just made its official entry into Brazil’s …
M&A in Africa - African economies batten down the hatches as COVID-19 hits, but medium-term forecast looks brighter
Mergers and acquisitions (M&A) have decreased across Africa in the first half of 2020 in terms of both volume and value,…
Invest in Africa (IIA) and the Mastercard Foundation join forces for the survival of COVID-hit companies in Ghana, Kenya, and Senegal
Invest in Africa and Mastercard Foundation Help Companies IIA and MF Help Companies Survive COVID-19
…
Executive Chairman, NJ Ayuk; Senior Vice President, Verner Ayukegba; Sergio Pugliese, President for Angola; Leoncio Amada Nze, Executive President, CEMAC region and Eng. Elizabeth Rogo, Executive President for East Africa will provide thei…
RS Components has analysed data to reveal which countries have the highest percentage of female entrepreneurs. You can see the full piece here.
Here are some of the key stats your readers may be interested in:
African countries lead …
Factors like wide-ranging availability of financing and reduced interest rate in the last few years have led to a booming merger and acquisition market. However, the 2020 economic crisis has impacted many mergers but some mergers have rema…
Banks must resolve explainability and “black box” risk governance challenges to succeed with AI post-pandemic, says Economist Intelligence Unit report supported by Temenos
The Economist Intelligence Unit report identifies data bias, “bl…
The local bourse closed flat for the second straight session as the benchmark index stayed at 1,881.45 with a -16.64% year-to-date return while market capitalization remained at GH¢52.93 billion.
Consequently, the GSE Financial Index an…
After shrinking by nearly 7% in the first three months of the year, the Chinese economy grew by more than 3% as the economy emerged from the lockdown.
All the stimulus measures announced by the authorities seem to be working, with factori…
The Public Interest and Accountability Committee (PIAC) has called on Parliament to compel the Ministry of Finance to account for a GH?1.
5 billion unutilised funds in the Annual Budget Funding Amount (ABFA) for 2019.
The ABFA is the…
The Council of the Ghana Stock Exchange has appointed Ms. Abena Amoah as the Deputy Managing Director of the Exchange.
She will be responsible for the operational activities of the Exchange, namely, Trading and Surveillance, Listings an…
The UK's inflation rate rose to 0.6% in June as the coronavirus lockdown began to ease.
The Consumer Prices Index (CPI) picked up slightly from May's four-year low of 0.5%, the Office for National Statistics (ONS) said.
Food and alco…
The Public Interest and Accountability Committee (PIAC) has called on the Ghana National Petroleum Commission (GNPC) to make determinations to decommission the Saltpond Oil Field (SOF) in the Mfantseman Municipality of the Central Region.
…
Parliament is considering the report of the Finance Committee on the Revenue Administration (Amendment) Bill, 2020.
The Bill seeks to amend the Revenue Administration Act, 2016 (Act 915) to establish an Independent Tax Appeals Board (IT…
Mr Myles Ongoh, Assistant Director, Livelihood Empowerment Against Poverty (LEAP) programme has said internal auditing is a game-changer to strengthening the social accountability processes to safeguard the public purse.
He said interna…
The Tema Zone of GOIL Ghana Limited has supported NNEKA Foundation, a Non-Governmental Organisation to reach out to communities in the Afadjato South District of the Volta Region with coronavirus education.
The Company supported the NGO…
Ghana's annual petroleum revenue dropped in 2019, though production of crude oil in the country's three major fields witnessed sharp increment.
The 386,460,893 barrels of crude oil produced from the three oil fields - Jubilee, TEN and S…
The fintech sector has witnessed growth in recent years in regards to funds raised in different series of funding. However, the situation changed early this year due to the economic impact of the coronavirus pandemic, and it seems fintech …
Socioeconomic stability, social inclusion and human capital development are prerequisites for resilience and emerging from the crisis
In 2020, the region will face an economic contraction forecast between 0.8 and 2.3%; Socioeconomic st…
Cloud, Artificial Intelligence (AI), and 5G are already reshaping the Oil and Gas Industry — Huawei drives the intelligent transformation of the sector
Undoubtedly, the oil and gas industry has entered an extremely difficult period and …
The cybersecurity industry continues to grow, surpassing the most popular applications or services. According to data analyzed by Atlas VPN, the total cybersecurity revenue hit 10.4 billion US dollars during the first quarter of 2020. The …
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