Friday , December 15 2017
Home / BUSINESS & DEVELOPMENT

BUSINESS & DEVELOPMENT

African presidents reach strong consensus for inclusive growth at Africa 2017

African presidents have reached a strong consensus to focus on regional integration, inclusive growth and youth empowerment in order to achieve continued and sustained growth on the continent at the Africa 2017 Forum in Sharm El Sheikh, Egypt. President Abdel Fattah Al Sisi of Egypt hosted African heads of state and business leaders including President Alpha Condé of the Republic …

Read More »

Sierra Leone’s ‘Peace diamond’ sold for $6.5m in New York auction

A 709 carat uncut diamond discovered in March 2017 in Sierra Leone fetched a lower-than-expected $6.5m at a New York auction on Monday (4 December). The stone was found by diggers working for Pastor Emmanuel Momoh in Koryardu, located in the country’s eastern Kono district. It is one of the largest ever discovered in Sierra Leone and the 14th largest …

Read More »

Thousands of Togolese to enjoy electricity as solar programme takes off

Awagomè, 4 December 2017 – The Government of Togo’s “CIZO” initiative has made a significant stride forward as BBOXX, a new generation utility which provides reliable energy access to communities with its solar home systems, officially launched its operations in Togo today. President Faure Gnassingbé, President of the Republic of Togo, visited one of BBOXX’s first customers in the rural …

Read More »

EU sugar-coats Swazi absolute monarchy’s bitter pill

EU-support for Swaziland’s monarchy-controlled sugar industry undermines the fight for democracy, even though it nominally benefits smallholders, says new report from Danish solidarity organization, reports Peter Kenworthy. A new report from Afrika Kontakt commends the EU for supporting Swaziland’s sugar industry, which benefits thousands of smallholder growers of sugar cane. The problem is, however, that the smallholder growers are also …

Read More »

Open for business: How South Africa is delivering on its potential

A trip to South Africa can be life-changing. Every year, millions of people visit the vibrant country to enjoy its unique natural beauty and experience its rich cultural diversity. South Africa’s reputation as a world-leading tourist destination is firmly established, and the nation is increasingly an exciting proposition for investors from across the globe. In the 21st century, South Africa …

Read More »

Business conference to market Ghana and Ethiopia to Bavarian Investors

Investment potential in the African nations of Ghana and Ethiopia will be key focal points during the Germany African Business Forum, to be held on 28 November in Munich. Hon. Ibrahim Mohammed Awal, Minister for Business Development for Ghana, and H.E. Dr. Mebrahtu Meles, State Minister for Industry of Ethiopia, will be delivering key presentations to attending investors at the …

Read More »

Start-up Night! brings German and African businesses together in Berlin

German Minister for Economic Affairs and Energy Brigitte Zypries opened the Start-up Night! Africa on 26 October in Berlin. The Start-up Night! Africa is the latest event to take place as part of the successful series of Start-up Nights!, a string of business-matching events hosted by the Federal Ministry for Economic Affairs designed to bring young businesses and established companies …

Read More »

African leaders discuss challenges to continent’s industrialisation  

Unemployment and poverty are serious concerns for the continent, where more than 70% of the working age population is unemployed or has no job security, prompting the UN to declare 2016-2025 as the Third Industrial Development Decade for Africa (IDDA III). African leaders deliberated in New York on how to industrialise the continent in a socially inclusive, environmentally sustainable manner to …

Read More »

West Africa to introduce single currency by 2020

Four West African presidents said on Tuesday they planned to accelerate the creation of a shared currency for the 15-country ECOWAS bloc by 2020, according to a joint statement. The future currency, whose name is yet to be determined, would replace the dominant CFA Franc introduced by former colonial power France in 1945 and whose treasury still backs it. “Our …

Read More »

Pirates kidnap six crew from German-owned ship off Nigeria

Six crew members from a German-owned container ship, including the captain, have been kidnapped off the coast of southern Nigeria, maritime security analysts said. The Sea Guardian consultancy said the Demeter “was attacked by pirates” at about 7:00 am (0600 GMT) on Saturday south of the Nigerian oil city, Port Harcourt. “Pirates boarded the ship, kidnapped six crew, including (the) …

Read More »

Nigerians to converge on Lisbon for NIDO housing investment summit

Nigerians from across Europe will converge on the Portuguese capital, Lisbon, on 9-11 November for the annual general meeting or AGM of the Nigerians in Diaspora Organisation Europe (NIDOE). The congress will deliberate on the state of the organisation and on issues important to the Nigerian Diaspora generally. Moreover, NIDOE members will discuss developments at home as they affect the …

Read More »

Ghana to give free chocolate to every student daily – President

Ghana’s President Nana Addo Dankwa Akufo-Addo has promised to initiate a programme that will ensure every student receives free chocolate or cocoa products every day. He said the decision is tied with the government’s plans of boosting the local consumption of cocoa products from the world’s second largest producer of the cash crop. “Our target is to provide every Ghanaian …

Read More »

International court favours Ghana in maritime border dispute with Côte d‘Ivoire

Ghana wins three-year case as the International Tribunal of the Law of the Sea rules that it did not violate the rights of its neighbour in oil exploration, report Emma Farge and Kwasi Kpodo. The International Tribunal for the Law of the Sea, sitting in Hamburg, Germany, on Saturday drew an ocean boundary favouring Ghana in a dispute with its …

Read More »

Matching African start-ups with German companies in Berlin – Don’t Miss!!

The Ministry for Economic Affairs and Energy is hosting the Start-up Night! Africa on 26 October in Berlin. This will be a networking and matchmaking event, bringing together digital African start-ups and German start-ups and established companies. Are you interested in broadening your network? If so, do make the most of this opportunity and be a part of the Start-up …

Read More »

MasterCard partners Ghana for a cashless economy

A cashless economy is one in which the purchase of goods and services and the payment of debts and remittances are done through electronic money media, either through credit and debit cards, direct transfers from one account to another, smart cards, mobile payment systems, and other technologies. With aspirations of becoming an African economic powerhouse, Ghana is partnering with organisations …

Read More »

Kenya’s stock market hits 14-month high after Kenyatta’s victory

Kenya’s main stock index rose 2.51 per cent on Monday to a 14-month high, building on gains last week as investors welcomed the re-election of President Uhuru Kenyatta. The NSE-20 index has risen nearly 7 per cent since the election last week’s Tuesday. Kenyatta was declared winner by a clear margin on Friday but his main challenger, Raila Odinga, has …

Read More »

Ghana revokes operating license of two banks

Ghana’s central bank has revoked the operating licenses of two distressed local banks and transferred their deposits and selected assets to state-owned GCB Bank in order to protect financial stability, it said on Monday. The liquidation of UT Bank and Capital Bank became necessary in order to protect depositors funds owing to the “severe impairment” of their capital, the central …

Read More »

15 selected for Africa’s award for young entrepreneurs

Fifteen young African entrepreneurs have emerged as finalists from a field of more than 800 applicants for the seventh annual Anzisha Prize, Africa’s premier award for her youngest entrepreneurs. Supported by African Leadership Academy (ALA) in partnership with the Mastercard Foundation, the Anzisha Prize celebrates and cultivates the next generation of young African entrepreneurial leaders who are creating job opportunities, …

Read More »

Nigeria commissions world’s biggest fertilizer plant

Acting President Yemi Osinbajo on Thursday inaugurated a fertilizer plant built by Indorama Eleme Fertilizer and Chemicals Limited in the southern city of Port Harcourt. The plant, with a production capacity of 1.5 million metric tons of Urea fertilizer, is considered the world’s largest single-train Urea plant. The plant, which has a production capacity of 4,000 metric tons of nitrogenous …

Read More »