Hey folks! Exciting news for us tech-savvy people in Accra and across Ghana – Starlink has just received approval from Ghana’s National Communications Authority (NCA). If you’ve been following the developments in satellite-based internet technology, you’ll know this is a game-changer for our local tech scene. The approval of Starlink by Ghana’s National Communications Authority … Read more
The financial report for the first quarter of 2024 by Unilever Nigeria Plc reveals significant changes in the company’s foreign exchange revaluation, influenced by the volatile foreign exchange market in Nigeria. Key highlights from the financial report include: Read Also: Ghanaian Stocks November 2023 Insights and Year-End Strategies In summary, Unilever Nigeria Plc navigated the … Read more
The survey conducted by Nairametrics highlights the significant demand for sachet water, commonly known as pure water, in the micro-business sector in Nigeria. Pure water appears to be the fastest-selling commodity across Lagos, Port Harcourt, and Abuja, with shop owners reporting high turnover rates and substantial profit margins. Key findings from the survey include: In … Read more
The Ghanaian government is exploring alternative revenue-generating measures following the abandonment of its value-added tax (VAT) on electricity earlier this year. One of the proposed solutions is to tax the foreign incomes of resident Ghanaians. In this post, we’ll delve into the details, implications, and significance of this proposed tax measure. Details of the Revenue … Read more
Vodacom Tanzania’s recent acquisition of Smile Communications Tanzania has stirred discussions in the telecom industry. This deal marks a significant move for both companies and is expected to influence the telecom landscape in Tanzania. In this post, we’ll delve into the details, implications, and data insights surrounding this acquisition. Details of the Acquisition: Vodacom Tanzania … Read more
In a significant move aimed at stabilizing the country’s monetary system, the Zimbabwe Stock Exchange (ZSE) has initiated trading in Zimbabwe Gold (ZiG), the nation’s new gold-backed currency. This development follows the recent decision by the country’s central bank to demonetize the Zimbabwean dollar as part of broader monetary policy measures announced on April 5th. … Read more
Kingsley Abrokwah, the founder of Ghanaian fintech startup KudiGo, has announced his decision to step down from the role of CEO of the company. The announcement was made via a LinkedIn post where Mr. Abrokwah expressed his intentions to transition to a non-executive director role within KudiGo. In his post, Mr. Abrokwah assured that despite … Read more
Spotify, the popular audio streaming platform, has announced a price increase for its “Premium Individual” service in Ghana. This premium service, which allows users to enjoy Spotify without any advertising interruptions, will see a change in pricing from GHS 17.00 per month to GHS 22.00 per month. In an email sent to subscribers, Spotify explained … Read more
The Nigerian Stock Exchange (NSE) serves as a vital platform for investors to participate in the country’s economy. March witnessed a blend of movements among various stocks listed on the NSE. Here, we explore the performances of some notable stocks during the month: Top Performers: Stable Performers: Challenges Faced: Read Also: March 2024 Performance of … Read more
In March, the GSE witnessed varied movements among its listed stocks. Let’s enter into the notable performances of some key stocks on the exchange during the month. AngloGold Ashanti Limited (AGA) and AngloGold Ashanti Depositary Shares (AADS):AngloGold Ashanti, a renowned gold mining company, experienced a stable performance during March. Both its ordinary shares (AGA) and … Read more