Google Appoints Alex Okosi as Managing Director for Africa

Google has made a significant appointment in its leadership team, with Alex Okosi assuming the role of Managing Director for Google in Africa. This strategic decision is expected to further enhance Google’s presence and impact across the continent. Here are the key details: A Respected Industry Veteran Alex Okosi brings a wealth of experience and … Read more

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Ghanaian Stocks’ Performance in August 2023

Ghana Stocks

In the month of August, we observed a concerted effort by certain financial stocks, such as Societe Generale, Standard Chartered, GCB Bank, and SIC, to counteract the prevailing negative returns that have cast a shadow over the equity sector this year. This collective endeavour resulted in a noteworthy reduction in losses for the GSE Financial … Read more

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Britam Holdings Reports Impressive Half-Year Profit Surge

Britam Holdings Plc has announced remarkable financial results for the first half of 2023, reporting a substantial increase in net profit. The company’s net profit surged to KSh 1.6 billion, representing a remarkable 300% increase compared to KSh 377.9 million recorded in the same period in 2022. Exceptional Growth in Pre-Tax Profit Britam also witnessed … Read more

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African Development Bank Launches $1 Billion Youth Adapt Initiative

The African Development Bank has unveiled a groundbreaking initiative aimed at empowering young entrepreneurs across the continent. The $1 billion Youth Adapt initiative seeks to provide crucial seed financing and growth capital to small and medium-sized businesses led by Africa’s youth. Investing in Africa’s Youth-Led Businesses The African Development Bank, in partnership with the Global … Read more

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Ghana’s Quest for a New Oil Reserve: GNPC’s Ambitious Exploration in Voltaian Basin

Creative artwork decoration. Oil pump and oil refining factory at sunset. Energy industrial concept. Selective focus.

In a strategic move aimed at bolstering Ghana’s petroleum reserves, the Ghana National Petroleum Corporation (GNPC) has embarked on an exploratory mission in the vast inland sedimentary basin that encompasses approximately 40% of the country’s continental landmass. This ambitious endeavour, situated in the Voltaian basin, holds tremendous potential for replenishing Ghana’s petroleum resources and is … Read more

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Kenya Shilling Faces Challenges as It Slips in Currency Rankings

Kenya Shilling money banknotes pack 3d illustration

The Kenya Shilling has found itself in a tough spot, securing the sixth position among the worst-performing African currencies this year. Its value has plummeted by over 15% against the US Dollar, reflecting a complex economic landscape. At the close of the latest forex trading session, the Kenya Shilling landed at KSh 145.15 against the … Read more

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Ghana Achieves Remarkable 95% Participation in Debt Exchange Initiatives

Kenya

Pension Funds Embrace Change In a remarkable achievement, Ghana’s government has successfully garnered a 95% participation rate in its recent debt exchange programs. The Finance Ministry’s announcement sheds light on the success of these initiatives and their impact on the country’s debt portfolio management and financial goals. Pension Funds’ Resounding Confidence The initial debt exchange … Read more

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Dangote Sugar Refinery Announces Merger Strategy via “Scheme of Consideration”

Aliko Dangote, president and chief executive officer of Dangote Sugar Refinery Plc, listens during the U.S. Africa Business Forum in New York, U.S., on Wednesday, Sept. 21, 2016. The forum focuses on trade and investment opportunities on the continent for African heads of government and American business leaders. Photographer: Michael Nagle/Bloomberg via Getty Images

Dangote Sugar Refinery Plc has unveiled a strategic merger plan that involves NASCON Allied Industries Plc and Dangote Rice Limited. The merger will be executed through a “scheme of consideration,” as highlighted in a press release authored by the Company Secretary, Mrs. Temitope Hassan. The intention to merge was initially announced on July 31, 2023. … Read more

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Kenya’s Blue Economy Strategy Aims to Transform Livelihoods Through Restocking and Development

Lake victoria fishermen go to work

The Kenyan government is rolling out a comprehensive strategy to harness the potential of the blue economy, aiming to transform the lives of its citizens through restocking initiatives and the construction of fish landing sites. The strategy focuses on tapping into the vast resources of Lake Victoria and other water bodies, which hold the promise … Read more

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