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 …
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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 »Kenyans ignore opposition leader’s call to strike over election dispute
Kenyans largely ignored an opposition call to go on strike on Monday, re-opening shops and returning to work as they shrugged off demands for demonstrations against President Uhuru Kenyatta’s re-election and against the killing of protesters. Cars, buses and motorcycles returned to the streets of the capital, Nairobi, and the western town of Kisumu after days of quiet due to …
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THE AFRICAN COURIER. Reporting Africa and its Diaspora! The African Courier is an international magazine published in Germany to report on Africa and the Diaspora African experience. The first issue of the bimonthly magazine appeared on the newsstands on 15 February 1998. The African Courier is a communication forum for European-African political, economic and cultural exchanges, and a voice for Africa in Europe.