Safaricom PLC, Kenya’s largest telecommunications company, reported a 17.7% drop in its half-year net profit to KSh 28.1 billion from KSh 34.1 billion. The earnings slump is attributed to a steep 106% depreciation of the Ethiopian Birr, which significantly impacted its fledgling Ethiopian operations. This adverse currency shift inflated Safaricom’s expenses in Ethiopia, costing the … Read more
Navigating the mortgage landscape in Ghana is essential for aspiring homeowners and real estate investors looking to make informed financial decisions. Mortgages provide a means of financing home purchases, but for many, understanding the options, processes, and requirements is critical to making wise investments. Here’s a primer on how mortgages work in Ghana, the types … Read more
Tesla (TSLA) saw a significant surge in premarket trading, rising over 12% early Wednesday morning, as investors reacted to Donald Trump’s presidential election victory. Tesla’s CEO, Elon Musk, who supported Trump’s campaign, was prominently mentioned by the president-elect in his victory speech. Trump described Musk as a “super genius,” saying, “We have to protect our … Read more
Ghana recently launched 5G, the fifth generation of mobile network technology, marking a major step forward for connectivity in the country. Promising faster speeds, reduced latency, and the potential for new applications across industries, 5G is set to transform how Ghanaians connect and interact digitally. Here’s a look at what Ghanaians can expect with 5G, … Read more
October proved to be a strong month for several equities on the Ghana Stock Exchange, with notable gains among financial, consumer, and petroleum companies. This article provides a breakdown of top performers, both for October and year-to-date, highlighting key equities that outperformed the market in recent months. Equity Share Price (GH¢) October Returns Full Year … Read more
Building a new home is an exciting venture, and with it comes the intricacies of financing. For many future homeowners, securing the right loan is as crucial as choosing the perfect floor plan. As you embark on a new construction journey estimated to take 5-6 months, understanding when to shop for loan rates is essential … Read more
As housing prices rise, particularly in popular areas like upstate New York, military families and veterans looking to buy homes are feeling the squeeze. For first-time homebuyers in the veteran community, the financial journey can feel daunting, especially with today’s high mortgage rates hovering around 7%. However, the Department of Veterans Affairs (VA) loan program … Read more
Managing personal finances effectively can feel overwhelming, especially with the wealth of information available today. To simplify things, here’s a concise guide that distills a decade’s worth of personal finance wisdom into ten key principles you can implement quickly. 1. Create a Budget 2. Build an Emergency Fund 3. Pay Off High-Interest Debt 4. Invest … Read more
In recent years, the ubiquitous QR code has made a significant resurgence, transforming the way consumers interact with brands and access information. Originally introduced in the late 1990s for tracking automotive parts, QR codes have evolved into powerful marketing tools—especially during the COVID-19 pandemic when contactless interactions became a priority. Today, consumers frequently encounter QR … Read more
Deciding to leave the security of your job to pursue a new venture full-time can feel like standing on the edge of a precipice. The uncertainty, mixed with excitement, can be both exhilarating and nerve-wracking. For many, the dream of turning a passion into a full-time career is tantalizing, yet the practicalities can often lead … Read more