Ghana and Morocco are in talks to harmonize operations in the two countries’ stock markets allowing easier trading.
Bank of Ghana has announced that it will unveil new bank notes in five cedi denominations from March as the regulator celebrates its 60th anniversary.
Ghana is a country that does not have a coherent policy for education infrastructure. At the same time, rising rates of mobile phone use among the population make this country ripe for an m-learning revolution.
The AfroChampions Initiative, an innovative project designed to promote African private sector champions, and its partners have honoured on that occasion Founder of Ecobank and Asky Airlines Gervais Koffi Djondo. Mr. Djondo received a special lifetime award for his remarkable contribution to economic exchanges within the continent.
The Pan African Ban, ,Ecobank, has launched its new ‘Move On Up ‘consumer campaign that will enable customers to do banking transactions electronically, using mobile phones, internet,ATMS and point of sales(POSs) across the country and beyond.
An ECOWAS supported telecommunication project has been handed over to Sierra Leone for further implementation as the country seeks to build its telecommunication network after the civil strife.
Solom Lartey has been appointed the new Managing Director and Chief Executive Officer of Activa International Insurance.
United Bank of Africa has introduced its first merchant-focused app in Africa with the aim of creating a SMART (secure, mobile, accessible, reliable, transparent) network of 100,000 micro merchants and driving financial inclusion.
UT Bank has resumed trading at the Ghana Stock Exchange following a temporary halt. The bank trading activities was halted by the Ghana Stock Exchange after UT failed to publish its quarterly audited accounts to shareholders
Nigerian National Petroleum Corporation releases list of official oil suppliers for the year 2017/2018
The Nigerian National Petroleum Corporation (NNPC), has released the names of 39 bidders for the sale and purchase of Nigerian crude for 2017/2018.
Sierra Leone is on course for an upgraded electricity network thanks to an $11 million project which concentrated on transmission, distribution and generation.
The number of foreign direct investments (FDI) projects into Africa increased by 6% in 2015, according to the FDI report 2016. Africa also recorded 156 more FDI projects than the Middle East in 2015, a figure that has widened by 98% compared with 2014.
Edelman, a global communications marketing firm, has announced that it has signed on Chain Reactions Nigeria, one of Nigeria’s most vibrant PR firms, as its exclusive affiliate in the country following a one-year strategic partnership.
Education, it has been said, is the key to success. One easy to access education tool are online courses. Online courses are available for nearly every topic.
Med-View Airline, a private Nigerian aviation firm, has launched its maiden flight from Lagos, Nigeria to the Roberts International Airport (RIA), Liberia.
Digital disruption is shifting the balance stay of power in financial services and influencing the way millions of people bank their money, make payments, remittances and more.
Fintech startup, Paystack has announced it has closed on Seed Investment of $1.3M from several international investors.
State pension fund manager Social Security and National Insurance Trust (SSNIT) has acquired a stake in Nigerian Bank, Access bank Ghana.
Benin is a country on the rise led by a newly appointed businessman-come President, H.E. Patrice Talon. The President recently launched a five-year program that is aligned to Benin’s Vision 2030 that places Public Private Partnerships (PPPs) at the core.
Fintech startup, Paystack, has announced it has closed on Seed Investment of $1.3 million from international investors Tencent, Comcast Ventures and Singularity Investments, with participation from Spark, M&S Partners, Tokyo Founders Fund,
Competition law in Africa is becoming increasingly active and, in certain respects, complex. The number of competition regimes, and the relationships between them, is on the increas
[Column] Partnering for impact: How government and the private sector can advance skills development in Africa
Private sector participation needs to be viewed as not only valuable to education and skills development but as integral to it. At a national level, the private sector should be considered an essential partner in education planning and as advisors to Ministries of Education.
MasterCard Foundation and The West African Research Association announce recipients of 'Ideas Matter' Research Fellowships for West African Scholars
The West African Research Association and The MasterCard Foundation are pleased to announce the recipients of the Ideas Matter Fellowship Program, a new fellowship which supports the research of young academics in the region focusing on women, technology and entrepreneurship.
The Ghana Revenue Authority has recorded an increase in tax mobilisation through the deployment of Total Revenue Integrated Processing System (TRIPS).
The turning on of Mount Coffee Hydro project for the first time in 26 years has been billed as the biggest milestone accelerating Liberia’s economic gains and bringing life back to the streets of Monrovia.
Kenya, Nigeria and Morocco are the fastest growing reinsurance markets in Africa, driven by the size and diversity of their economies, a young and growing population and advanced regulatory regimes, Dr. Schanz, Alms & Company said in its yearly survey
Premium Bank, formerly known as City Investment Company (CIC), has officially begun operations with the focus on utilizing technology to drive growth, boost customer base and become a dominant player in the banking space in half a decade.
M-learning is particularly useful in countries where literacy rates are low, and where school children struggle to complete their education - whether due to poor school facilities, the prevalence of child labour or poor transport infrastructure making it hard for children physically to reach the classroom.
The global community for climate action was spooked by the November 8 election of Donald Trump as the next President of the United States. The US President-elect had earned the sobriquet of “climate denier,” for his claim that climate change is a hoax.
Macro-economic instability fueled by low oil prices and global economic sentiment will continue to be the main driver of business risks across West Africa in 2017.
Sheraton Hotels & Resorts, part of Marriott International has announced the debut of Sheraton Grand in Africa with opening of Sheraton Grand Conakry, welcoming it to the brand’s premier tier of hotels recognized for their exciting destinations, distinguished designs, and excellence in service and guest experiences.
Chongqing Construction Engineering, Oilserv, Tianjin Energy, Alpha Group sign MoAs to develop Nigeria’s Oil and Gas Infrastructure
Four companies have signed eight MOAs today in Abuja for the development of several multi-billion dollar investment and infrastructure projects in Nigeria.
Ghana has commissioned a new cement producing company that will produce one million tonnes yearly as demand from construction and government project soars.
The International Monetary Fund has resumed payments to Guinea-Bissau, which were suspended in June over the government's loan bailouts for two private banks.
Ethiopian Airlines is set to resume services to Conakry, capital of the Republic of Guinea, starting February 1st next year.
The Central Bank of Liberia (CBL) has issued a new regulation governing inward personal remittances received via money transfer institutions from abroad.
The party that emerges as the winner of Ghana’s general election, to be held on 7 December, should seize the opportunity to drive economic growth by creating policies and a legislative environment where business builders can thrive.
FBNBank Ghana has introduced TransFast Money, a global remittance service as it seeks to increase its customer base and foothold.
A global online payment service provider “PayU” has been introduced in Nigeria with innovations that will continue to make the market more competitive.
Economies around the world continue to make progress in simplifying and reducing the burden of tax compliance on business, according to the latest edition of Paying Taxes 2017, a report by the World Bank Group and PwC.
Institute of Chartered Shipbrokers prepares launch of new Nigeria Chapter at Multimodal West Africa in Lagos
The Institute of Chartered Shipbrokers (ICS) is preparing for a “big launch” of its new Nigeria Chapter of the West Africa Branch of the Institute at the upcoming Multimodal West Africa exhibition and conference in Lagos in January 2017.
MTN Ghana has announced it will be launching the first sponsored data service in Ghana in partnership with Datami and Viotech.
ASKY, the Pan-African Airline with the largest network in West and Central Africa, has the pleasure to announce that it is the recipient of the African Airlines Association (AFRAA) Airline of the Year Award for Regional Operations at the AFRAA 48th Annual General Assembly.
Ghana has launched Exim Bank, an export development finance institution, as it seeks to bolster government’s quest for an aggressive and sustainable export led economy.
Ghana’s front runner in supply of natural stones and ceramics tiles, Marbelino has launched a modern showroom in the capital as it targets a growing list of middle class population keen on modern décor in housing.
The African Petroleum Producers' Association (APPA) has expressed their support to the Organization of Petroleum Exporting Countries (OPEC) efforts to stabilize the oil markets, ahead of the cartel meeting scheduled next Wednesday in Vienna to implement Algiers Agreement.
Sierra Leone is set to have a new passenger terminal building and a rehabilitated runaway at the Roberts International Airport following a groundbreaking ceremony by the country’s president Ellen Johnson Sirleaf.
The AfDB Group appoints Marie Laure Akin-Olugbade Country Manager, West Africa Regional Development and Business Delivery Office
The African Development Bank is pleased to announce the appointment of Ms. Marie-Laure Akin-Olugbade as the Country Manager for the West Africa Regional Development and Business Delivery Office.
African Travel Spend expected to rise 24 Percent with Introduction of African Union Passport Introduction in 2018
Travellers from four countries – South Africa, Nigeria, Kenya and Egypt were surveyed, with those having flown in the past 24 months saying they would spend 24 percent more with the introduction of the passport.
[Nigeria] Sheraton Lagos Unveils 107 Renovated Club Rooms and Suites and an All New Sheraton Club Lounge
The Sheraton Lagos Hotel unveiled 107 newly renovated club rooms and suites, all refreshed and elegantly furnished with modern interiors and enhanced amenities.
The upcoming Ghana elections are causing anxiety forcing traders at major markets in the city to reduce prices of their products as they await the outcome of the 7 December election.
SAP's ambitious goal of equipping 5 million African youth with basic coding skills by 2025 took a bold step forward following the release of the results of this year's Africa Code Week.
Dutch airline Koninklijke Luchtvaart Maatschappij (KLM) has confirmed that it will start operating its flights to Freetown, Sierra Leone and Monrovia in Liberia at the start of the new 2017 summer schedule.
French multinational banking and financial services company Societe Generale has signed a merchant acquiring partnership with American Express in eight countries in Sub-Saharan Africa where the bank operates.
Ghana’s mobile financial platform Airtel Money has secured the ISO/IEC 27001:2013 certification to make the service the most secured for mobile financial services.
Nestlé Nigeria, organised this week, a factory tour with key stakeholders to celebrate 150 years of nutrition, marked by the creation of Farine lactée (Cerelac) which saved the life of an infant.
Ghana’s total public debt now stands at $30 billion as at September 2016 which translates into about 67.4 percent of GDP, according to data released by the central bank ahead of its 73rd regular Monetary Policy Committee (MPC) meeting.
The Nigerian National Petroleum Corporation (NNPC) has commenced work on a scheme to improve the quality of diesel in the Nigerian market for efficient and optimal performance of diesel-powered engines.
AESA, with Bill & Melinda Gates Foundation, commits US$7m grants to fund innovation, research science in Africa
The African Academy of Sciences and the NEPAD Agency's Alliance for Accelerating Excellence in Science in Africa (AESA) has committed US$7 million to fund innovative ideas and research through the Grand Challenges Africa program to accelerate scientific breakthroughs.
Mortgage company, Ghana Home Loans intends to offer banking services in the first quarter of next year according to its CEO.
Networking and telecommunications equipment and services company Ericsson has trained its eyes on the burgeoning demand for mobile internet services with the hope that it will also boost its sales.
Shell Nigeria Exploration and Production Company and it co-venturers (ExxonMobil, TOTAL and ENI) have donated facilities including a modern test laboratory to the Nigerian Institute of Welding (NIW) at Imasabor-Ologbo, Benin City,
German-based multinational, Bosch Group, is set to bring the BPB concept to African artisans, the informal sector, often the driving force of African economies.
Wa airstrip in the upper west Ghana which has been under renovation is set for reopening at the end of the month, as Ghana looks to increased domestic flights to boost its economy.
The Cummings Foundation Africa has opened a handicraft showroom allowing Liberian paintings, textile and handicrafts to be purchased by the public as it looks to boost the earnings of artisans.
The Africa Technology Investment Roundtable is part of a series organised by the Africa Technology Business Network (ATBN) with the goal of driving sustainable investment from the UK into the African Technology sector.
Imagine you live in a small village in rural Kenya. Your daughter attends university in Nairobi and needs financial support to buy textbooks and pay her rent. How do you send her money if you, like many Kenyans, don’t have a bank account or internet access?(a)
The Employment & Benefits team at pan-African law firm, Bowmans, has put together a Guide covering the employment consequences in business transfers in Botswana, Cameroon, Kenya, Madagascar, Nigeria, Senegal, South Africa, Uganda, Tanzania and Zambia.
The Made-in-Nigeria Project, organisers of the Made-in-Nigeria Conference & Exhibition has announced the third edition of its annual event, which is slated to hold in Lagos on November 29th, 2016.
Ghana’s Central Securities Depository Limited has appointed Millison K. Narh as the Chairman of the Board of Directors.
The African Development Bank has committed to support Burkina Faso’s national development plan that seeks to transform the country’s economy and address the welfare of its people through the National Plan for Economic and Social Development (PNDES) 2016-2020.
Connectivity and data center solutions provider, MainOne, has announced a service partnership between its Tier III Data Center, MDXi and SAP, leader in enterprise applications for software and software-related service to deliver high-quality cloud and infrastructure operations services for customers running SAP solutions in West Africa.
Every Breath Counts declared November Pneumonia Month. Nigeria has the second highest pneumonia mortality in the world and primarily affects children under five.
Internet company, Opera, has released its State of the Mobile Web Africa 2016 Report, highlighting mobile internet trends across the continent, including consumer browsing behaviour and app usage.
Banks, offering mortgage loans, have blamed the general slowdown in economic activities and a weak purchasing power among Ghanaians, as reasons accounting for the decline in the demand for mortgage loans.
Gold Fields, a South African mining company has said it intends to extend the life of its Damang mine in Ghana by eight years, investing $1.4 billion to facilitate this.
German sport shoes and clothing multinational Adidas has unveiled its flagship store in Accra as it seeks to exert its relevance in West Africa.
Off Grid Electric, a leading distributed solar company in Africa, and EDF, a global leader in low-carbon energies, today announced a partnership to supply competitive off-grid solar energy in Africa.
The first forum that has brought up Algeria and Mali economists has come up with a resolution to set up first of its kind joint business council to spearhead the interests of both countries.
Bank of Ghana is set to unveil a new corporate governance guideline that that will ensure financial soundness in the banking sector and improve economic efficiency and growth is in the works and expected to be introduced by January next year.
International Monetary Fund (IMF) says despite its projection that Liberia’s GDP growth is poised to recover to about 3 percent in 2017, the post-war, Ebola virus-hit nation is yet to recover from effects of the outbreak that kills scores in 2014.
Forget bootstraps, Africa is a continent dragging itself up by its code strings to become a global player - but it needs more software developers.
Moody's Investors Service, (Moody's) has assigned national scale ratings (NSRs) to seven Nigerian banks. The banks include Sterling Bank Plc, Zenith Bank Plc, Guaranty Trust Bank Plc(GTBank), Access Bank Plc, United Bank for Africa Plc (UBA), First Bank of Nigeria Limited (FBN) and the Bank of Industry (BOI).
Economic transformation can revive Africa’s growth rates while promoting development and climate goals, according to a new report from the New Climate Economy.
A total of 238.889 million payments valued at about N18.156 trillion were conducted through the electronic channels in the third quarter of this year, says the National Bureau of Statistics.
Logistic services providers Van den Bosch and MTG have opened a tank cleaning station in the port of Tema, Ghana. The cleaning station was built according to Western European quality standards and is the first of its kind in West Africa.
Ghana Revenue Authority in partnership with Ecobank and West Blue Consulting has launched an electronic card for the payment of customs duty as it seeks to seal loopholes for tax evasion.
[Mali] Dr.Madani Diallohas extends his contract at Oklo Resources guaranteeing consistency in operations
Gold exploration company Oklo Resources Ltd has confirmed that its technical director Dr Madani Diallohas agreed to extend his contract for a further two year term effective immediately.
Pan African lender Ecobank Ghana is the best place for businesses and individuals to seek credit, the Bank of Ghana has said in a new report.
The government of Sierra Leone is contemplating removing subsidies on all petroleum products according to the National Petroleum Regulatory Agency.
Airtel Money and United Bank for Africa (UBA) have partnered to allow UBA customers seamlessly link their accounts to their Airtel Money wallets.
The Ghana Community Network Services (GCNet), a public private ICT initiative, in a bid to improve its customer service and sate growing demand for bespoke services has invested in a high tech and modern data center.
Pan African bank, EcoBank Liberia has launched ‘Ecobank Omni Electronic Banking Platform,’ a new internet based cash management product to the Liberian market, which will ease money transactions from different parts of the world.
Minkels, part of the publicly traded company Legrand, has been chosen as data center supplier for West African connectivity and data center solutions company, MainOne.
Diversified producer of precious metal Gold Fields has announced it is investing $ 1.4 billion to extend the lifespan of the Damang mine in Ghana from 2017 to 2024.
The Ecobank Group has signed a Memorandum of Understanding (MoU) with Mastercard to roll-out Masterpass QR, a mobile payment solution, across 33 African countries.
West African Gaming Expo 2016 (WAGE 16), the technology conference and exhibition in West Africa focusing on animation, video, mobile games comes to Lagos on November 9th.
ROK, the award-winning Nigerian film studio and entertainment brand, will launch across Africa on the DStv platform on 1 November 2016.
World’s largest publicly traded oil company Exxon Mobil Corp has set November as the month it will start drilling its first exploratory well off the coast of Liberia.
Ghana’s telcos have implored the Bank of Ghana to review the maximum amount it allows for mobile financial service transactions in the country. The telcos argue that they are sometimes constrained over the current $1200 maximum and moved to request an upward review.