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[Ghana] Genser Energy lands $366m funding package
Genser Energy Ghana has has successfully achieved financial close for a USD366m funding package including a new syndicated senior loan facility of USD230m, a mezzanine loan and preference shares.
[Kenya] PortableVoices signs podcast distribution and production partnership with Afripods
Kenyan based media production and podcast network start-up PortableVoices has announced a podcast distribution partnership with Afripods, an African focused platform for podcasters with head office in Nairobi.
Talia expands satellite services to five African countries
Talia Limited, a communications solutions provider has announced the successful completion of beta testing of its Ka-band High Throughput Satellites (HTS) services in additional African countries.
[Morocco] Royal Air Maroc awarded for its operational and financial performance
Morocco’s flag carrier Royal Air Maroc (RAM) won two prizes as the best company in the categories "Global Operations" and "Best improved financial results" awarded by the African Airlines Association (AFRAA).
[Ghana] Yinson raises USD800m through refinancing deal for FPSO John Agyekum Kufuor
Yinson has sealed a USD800 million refinancing agreement with 13 local and global banks to refinance FPSO John Agyekum Kufuor, Yinson’s vessel which is currently operating in OCTP Block, offshore Ghana.
[Ghana] AirtelTigo names Murthy Chaganti as new Chief Executive Officer
Telecom Operator, AirtelTigo has appointed Murthy Chaganti as the new Chief Executive Officer of the company.
[Ghana] Jack Ma's Africa Netpreneur Prize Initiative top winners announced
The Jack Ma Foundation has hosted its first annual Africa Netpreneur Prize Initiative (ANPI) grand finale awarding $1 million in prize money to 10 entrepreneurs from across Africa.
South African Airways reinstates flights to six destinations in Africa
South African Airways (SAA) announces its intention to resume flights to six destinations on the African continent, namely Accra, Lagos, Lusaka, Maputo, Windhoek and Harare, with effect from Tuesday, 19 November 2019.
[Ghana] MTN, Ecobank, Samsung partner to launch device financing programme
MTN Ghana has partnered with Ecobank Ghana and Samsung for a new Customer Device Financing programme for customers.
The keys to a successful fundraising for SMEs in West Africa
Several reasons explain why SMEs in Ghana and West Africa struggle to raise funding to finance their growth: many entrepreneurs have limited knowledge of fundraising options available to them.
Tizeti partners MainOne to provide unlimited WiFi connectivity in Ghana
Leveraging on the partnership between the companies in Nigeria, Tizeti extends its partnership with MainOne as the company launches in Ghana as GhanaWifi.com.
Paxful announces major milestone, accumulates 3M wallets, 800K in the past 12 months
Paxful now services 3 million wallets with more than 800,000 being added in the last 12 months, predominantly in the USA, Nigeria, and Ghana.
Glo Ghana, Prepay Nation partner in mobile airtime top-up
Glo, the leading mobile service provider in Ghana, is pleased to announce that it has partnered with Prepay Nation, to launch a digital channel for its subscribers for mobile top-ups.
South African Airways launches codeshare agreement with Africa World Airlines
South African Airways is pleased to announce the launch of a codeshare partnership with Africa World Airlines which will apply between Accra (ACC) – Kumasi (KMS), Accra - Lagos (LOS) and Accra – Abuja (ABV).
World Bank approves $150 million to improve Ghana's education quality
The World Bank approved $150 million in financing to support the Government of Ghana to improve the quality of education for over two million children in low performing basic education schools.
[Nigeria] MainOne, Zenlayer partner to expand connections in and out of West Africa
Zenlayer and MainOne have partnered to greatly expand connectivity between international companies and West Africa.
[Ghana] Jack Ma's Africa Netpreneur Prize Initiative top 10 finalists announced
Alibaba founder Jack Ma's Africa Netpreneur Prize Initiative (ANPI) has identified the top 10 finalists entrepreneurs for its grand finale event.
Ghana Airports Company extends airport management contract with SITA
Ghana Airports Company Limited has extended its agreement with SITA to manage and support all airport operations systems across Kotoka International Airport’s newly commissioned Terminal 3.
DBSA teams up with BRD to unlock infrastructure investment in Rwanda
The Development Bank of Southern Africa (DBSA) and the Development Bank of Rwanda (BRD) hosted the DBSA Rwanda Investment Summit last week in Kigali as part of promoting infrastructure development in Africa.
Ghana’s largest private university goes solar
A 401 kWp solar system for Central University in Ghana has been inaugurated, marking an important milestone in Ghana's transition to clean energy.
The social enterprise investing in digital literacy in Ghana
Getting Africa’s large and growing youth population ready for active roles in the global digital economy is no small task. But as one innovative social enterprise in Ghana has shown.
Springfield spuds first well in Ghana
Springfield Exploration and Production has spudded the first of its much anticipated new wells off the coast of Ghana.
Increased production sees Ghana raise its hydrocarbon profile
In the past, Ghana has been one of the smaller oil and gas producers on the continent but that production is expected to grow rapidly over the next five years.
UK boosts trade and investment partnership with Ghana
The UK International Development Minister visited Ghana to strengthen trade and investment ties ahead of the UK-Africa Investment Summit in 2020.
Africa Finance Corporation CEO appointed Vice Chairman, Aker Energy
Aker Energy and Africa Finance Corporation (AFC) have announced the appointment of Mr. Samaila Zubairu as Vice Chairman of Aker Energy’s Board of Directors.
Ghana Telecom University to become public
Privately owned Ghana Technology University College is to be absolved by government, according to Emmanuel Afoakwa, President of the University.
Five African countries initiate banking reforms to drive development and tackle climate change, report
Thirty-eight emerging market economies, including five countries in Africa, have initiated key banking reforms to drive development and fight climate change, according to the second Global Progress Report.
[Ghana] AirtelTigo partners with Western Union to allow customers receive money directly in their mobile wallets
Western Union has collaborated with AirtelTigo Money (ATM) to enable Ghanaians to receive international money transfers through Western Union directly into AirtelTigo Money mobile wallets.
Azelio sets up commercial renewable energy project in Sub-Saharan Africa
Azelio has agreed on a Memorandum of Understanding (MoU) with the Swedish sustainable energy solutions company STELLA Futura, to work together on setting up a small-scale commercial project in Sub-Saharan Africa.
IFC partners with CardinalStone to support SMEs in Nigeria and Ghana
IFC is investing $10 million in CardinalStone to expand access to finance for high-growth, underserved small and medium enterprises (SMEs) in Nigeria and Ghana.
[Ghana] Nestlé and GJA partner to promote nutrition Education
Nestlé Ghana and the Ghana Journalists Association (GJA) have entered a partnership to drive nutrition knowledge among Ghanaians.
Ghana commodity exchange partners with WFP to manage warehouse for smallholder farmers
The Ghana Commodity Exchange (GCX) has partnered with the United Nations World Food Programme (WFP) to manage a warehouse WFP constructed for smallholder maize farmers in the Ejura/Sekyedumase Municipality.
[Mozambique] Total closes acquisition of Anadarko’s shareholding at $ 3.9 billion
Total has announced the closing of the acquisition of Anadarko’s 26.5% operated interest in the Mozambique LNG project for a purchase price of $ 3.9 billion.
Siemens invests in young African innovators through its Eskom Expo partnership
Siemens is committed to supporting and developing young, African innovators; Siemens extends its Eskom Expo partnership to schools in Ghana, Kenya, Uganda, Tanzania and Ethiopia.
MainOne expands data center footprint in Ghana
MainOne has announced the expansion of its data center brand, MDXi into Accra Ghana, in line with its ongoing West African expansion plans.
Thales partners with Paycode to support Ghana’s financial inclusion drive
Thales, through its Gemalto expertise, is working in partnership with Paycode to supply dual card technology to GhIPSS (Ghana Interbank Payment and Settlement Systems), supporting plans to enhance the functionality of the e-zwich biometric card.
Ghana Cocoa Board seals deal on USD1.3 billion cocoa syndicated loan agreement
The Ghana Cocoa Board (COCOBOD) has completed a USD 1.3 billion cocoa syndicated loan agreement for the purchase of cocoa beans from local farmers during the 2019/2020 crop season.
Ghana Cocoa Board signs agreement with China company to establish processing factory
The Ghana Cocoa Board (COCOBOD) has signed an agreement with the China General Technology Group for the establishment of a cocoa processing factory in Ghana.
Iflix launches in Ghana
iflix serves as a digital hosting and distribution platform for Western and Asian dramas obtained through partnerships with over 150 studios and content distributors globally.
[Ghana] AirtelTigo bids farewell to CEO Mitwa Kaemba Ng’ambi
Telecom operator AirtelTigo announced today that Mrs. Mitwa Kaemba Ng’ambi, Chief Executive Officer will be leaving the organisation from 13th September 2019 for personal reasons.
Network upgrades, government investment drive Ghana's telecommunication industry, report
Ghana has one of the most vibrant mobile markets in Africa.
United Bank for Africa delivers 21% profit growth, 21.7% average equity return for H1/2019
United Bank for Africa has announced its audited half year financial results for the period ended June 2019, showing growth across key performance indices as well as a significant contribution from its African subsidiaries.
United States of America partnerships with women promote economic growth in Northern Ghana
Since 2014, over 96,000 women in northern Ghana saved USD $7.8 million – or about 42,659,747 cedis - and invested the money to improve the health, education, nutrition, and economic opportunities of their families.
Mastercard Foundation launches Young Africa Works Initiative in Ghana
The Mastercard Foundation has announced Young Africa Works in Ghana, an initiative that aims to enable three million young people to access dignified and fulfilling work by 2030.
[Ghana] AirtelTigo partners with Ministry of Communications to mentor young girls in ICT
Sixty young ‘Girls In ICT’ from different schools in the Western Region were hosted by telecom operator AirtelTigo through a mentorship event as part of activities outlined by the Ministry of Communications.
Facebook celebrates 'Icons of Change' from across Sub-Saharan Africa with a youth gathering in Accra Ghana
Facebook is bringing together 40 young leaders, developers, entrepreneurs and change makers from across Sub-Saharan Africa, to a two day event in Accra, Ghana.
Nestlé, University of Ghana enter agreement for youth development
Nestlé and the University of Ghana have signed a two-year renewable agreement to offer students practical learning opportunities to enhance their skills in the area of nutrition, science and technology.
[Ghana] Clothing manufacturer DTRT announces receives investment from Verod Capital and Red Bull
West Africa's largest clothing manufacturer, DTRT Apparel Ltd (DTRT), has announced a major investment from investment firm Verod Capital Management and Red Bull GmbH.
KT Corp unveils global epidemic prevention platform in Ghana
KT, the Korean telecommunication provider has launched a health platform, GEPP Ghana in the Ghanaian capital.
SAP equips 700 Ghana teachers with digital skills as part of Africa Code Week
Nearly 700 teachers in Ghana completed their digital skills training this month as part of the country’s preparations for SAP Africa Code Week.
South African Airways strengthens its Ghana presence
South African Airways is further strengthening its presence in Ghana by increasing weekly frequencies from 9 to 10 flights between Johannesburg and Accra, and by launching a daily service between Accra and Washington DC.
Ghana-Canada trade hits $264m
The government of Canada has reaffirmed its commitment to improve partnership with Ghana in the mining sector to help realise the “Ghana Beyond Aid” agenda.
Over six million rosewood trees trafficked from Ghana to China in seven years, report
A new report from the Environmental Investigation Agency (EIA) shows that Ghana faces a harrowing rosewood problem of its own.
Four Sub-Saharan female business leaders among 20 in IFC publication
Four women from Sub-Saharan Africa are among 20 female business leaders profiled in a publication by IFC, a member of the World Bank Group, for their professional success, despite facing formidable challenges.
Andersen Global expands into Ghana
Ghana law firm, Sam Okudzeto & Associates, has signed a collaboration agreement with Andersen Global, marking Andersen Global’s presence in 13 African countries and over 51 countries worldwide.
[Ghana] Zeepay targets 150m mobile money subscribers in 20 African countries
Zeepay, a leading African financial technology (fintech) company, is seeking to reach more than 150 million mobile money wallets in 20 African countries.
[Ghana] AirtelTigo launches discount offer for Hajj pilgrims
Ghana telecom operator, AirtelTigo, has launched a discounted offer for its new and existing pre-paid customers travelling to Saudi Arabia for this year’s Hajj pilgrimage.
[Ghana] AirtelTigo invests in 40 young aspiring entrepreneurs
In its continued commitment to youth empowerment through information communication technology, telecom operator, AirtelTigo hosted 40 young aspiring entrepreneurs from Junior Achievement (JA) Ghana.
[Ghana] GSMA, Vodafone and GIFEC partner to deliver connectivity to rural communities
The GSMA has partnered with Vodafone Ghana and the Ghana Investment Fund for Electronic Communications to support internet connectivity solutions for unconnected rural communities.
AFC provides $100 million to Aker Energy’s deep water offshore oil project in Ghana
Africa Finance Corporation, the infrastructure solutions provider in Africa, has financed Aker Energy A.S. a subsidiary of Aker ASA, one of the highest-quality-rated companies in the Norwegian market.
[Ghana] Jobhouse Services unveils online career platform to improve job searches, recruitment
Jobhouse Services Limited a company offering temporary staffing and recruitment services in Ghana has launched www.xycareers.com/ghana, a new jobs and career coaching website.
Ghana signs deal with World Bank to cut carbon emissions and reduce deforestation
Ghana has become the third country to sign a landmark agreement with the World Bank that rewards community efforts to reduce carbon emissions from deforestation and forest degradation.
[Ghana] Fidelity Bank unveils new digital branch
Fidelity Bank has opened a digital branch at East Legon to serve residents and surrounding businesses.
Ghana to launch universal QR code for payments
Ghana will this year launch a new payment method using universal QR codes, Vice President Bawumia has announced.
Ghana to introduce nuclear power into the energy mix, project to take 10-15 years
The Government of Ghana has announced plans to introduce nuclear power into the country’s energy mix and will take between 10 to 15 years for the realization of the vision to ensure affordable energy for industrial development.
Operational phase of the African Continental Free Trade Area launches in Niger
The operational phase of the African Continental Free Trade Area, AfCFTA has been launched after a day-long summit of Heads of State and Government of the African Union (AU) in the Nigerien capital.
Huawei brings Ghanaian students to study ICT trends in China
Huawei Technologies has revealed, at the launch of its flagship Corporate Social Responsibility initiative Seeds for the Future 2019, that ten students are being sent to China to study the latest trends in ICT.
World Bank supports Ghana transform and diversify its economy for sustainable jobs
Ghana is to transform and diversify its economy by promoting private investment and firm growth in the non-resource base sectors through an integrated program to build the country’s competitiveness and deliver sustainable jobs.
Eni receives new exploration and production license in offshore Ghana
Eni and its partner, Vitol, have been awarded rights to Block WB03, located in the medium deep waters of the prolific Tano Basin, offshore Ghana.
REDAVIA deploys solar farm for Ghanaian agrofoods business, Movelle Company
REDAVIA has deployed a solar farm for the Movelle Company, one of Ghana's agrofoods businesses at their site in Takoradi, Ghana.
[Ghana] Energy Minister cuts sod for GOIL, SMB Joint Venture project commencement
Ghana Energy minister, Mr. John Peter Amewu, has cut the sod for the commencement of work on the Bitumen plant in Tema.
[Ghana] Telcos record more than 2,000 fibre cuts in first half of 2019
Ghana’s mobile industry experienced over 2,000 incidents of fibre cuts and 600 incidents of theft at base stations, affecting over 18 million subscribers in the first half of 2019.
GISI partners with CISI to combine Ghanaian financial services best practice with global portability
CISI and GISI are working together to enhance the Ghanaian investment and securities profession with a partnership focusing on qualifications, continuing professional development and ethics.
[Ghana] AirtelTigo partners with Huawei on a $30million network modernization project
Telecom operator AirtelTigo is partnering with Huawei Technologies on a $30 million network modernization project aimed to provide faster internet experience to customers.
Ghana can reach universal financial access using innovative technology, World Bank report
With the use of innovative technology and approaches, universal financial access is an attainable target in Ghana, according to the latest World Bank economic update for the country.
African space industry generating over USD 7b annually, to exceed USD 10b by 2024, report
The 2019 African Space Industry Annual Report explains that the industry has already reached over USD 7 billion of annual revenues and is projected to grow at a 7.3% compound annual growth rate to exceed USD 10 billion by 2024.
[Ghana] Smiths Detection to deploy cargo screening technology at Tema Port
Smiths Detection has won a contract with Meridian Port Services Limited (MPS) to provide cargo inspection technology for the major Tema Port Expansion project in Ghana.
WorldRemit launches business payment platform for SMEs in Ghana, Kenya and South Africa
WorldRemit has launched WorldRemit for Business, a new service that enables SMEs to quickly pay their employees and contractors in Kenya, Ghana, and South Africa.
General Electric Healthcare advancing universal health coverage in Ghana
General Electric (GE) Healthcare has kicked-off a two-day “Healthcare Dialogues” event in Ghana, to drive conversations around innovative sustainable healthcare solutions.
DBSA sees Ghana as key in building Africa’s prosperity
Speaking during the Development bank of South Africa (DBSA) Investment Summit in Ghana, the South African High Commissioner to Ghana stated that South Africa regards Ghana as a strategic partner on the continent.
Nestlé and AGRA partner to Support 2,000 agriculture entrepreneurs in Nigeria, Ghana, Côte d’Ivoire
Nestlé Central and West Africa and the Alliance for a Green Revolution in Africa have launched a joint initiative for farmer livelihoods and youth opportunities in agri-food businesses in Ghana, Côte d’Ivoire and Nigeria.
[Ghana] Nsano unveils fraud management Centre
Nsano has unveiled its high-level fraud management center as part of key initiatives to boost security as well as standardisation of its Information Security Management (ISMS) processes.
Bedrock Insurance launches operations in Ghana
Bedrock Insurance Company Limited, a wholly owned Ghanaian insurance firm has officially launched with the aim of being the most people-centred risk solutions provider in Ghana.
[Ghana] GOIL Company increases profit by 26 percent, approves Exxon Mobil partnership deal
GOIL, made a consolidated profit after tax of GH₵81.9 million. The company has also, by resolution at its Annual General Meeting in Accra, changed its name from Ghana Oil Company Limited to GOIL Company Limited.
[Ghana] GCB Bank trains eyes on internet banking, expansion to bolster earnings
The Managing Director of GCB Bank Ltd, Mr Anselm Ray Sowah, has announced initiatives aimed at repositioning the Bank as the gold standard for banking in the country.
Boreal Light expands further with new water desalination systems in Kenya and Yemen
Boreal Light has completed the installation of a water desalination system to Yemen as well as the furthering growth of its WaterKiosk Project in Africa.
[Ghana] Samuel Sarpong appointed as National Investment Bank Managing Director
Samuel Sarpong has been appointed as Managing Director of the National Investment Bank Ghana (NIB).
[Ghana] ARB Apex Bank extends partnership with Temenos to provide digital banking to rural customers
ARB Apex Bank has chosen to renew its contract with Temenos to continue its mission to provide banking and non-banking services for Ghana’s Rural and Community Banks.
[Ghana] AirtelTigo inks deal with Huawei to boost smartphone usage with free data packages
Ghana Telecom operator AirtelTigo and Huawei have announced a strategic partnership to enable more Ghanaians to get access to smartphone experience they aspire for with reliable internet.
[Ghana] Goil increases profit by 26%, approves Exxon Mobil partnership deal
GOIL made a consolidated profit of GH₵81.9 million after tax and during its AGM Accra, the company, by resolution, changed its name from Ghana Oil Company Limited to GOIL Company Limited.
FBN Bank Ghana launches mobile app to grow reach
As part of its strategy to bring financial services closer than ever to customers, FBN Bank Ghana Limited has unveiled FBN Mobile, the bank’s mobile app.
[Ghana] National Lottery Authority partners with Nation Builders Corps to train youth on solar panels installation
Ghana’s National Lottery Authority (NLA) has joined forces with the Nation Builders Corps (NABCo) Secretariat to train graduates under the Solar Panels Installation and Maintenance project.
[Ghana] appsNmobile launches virtual point of sale service targeting merchants
Ghana’s fintech company appsNmobile has launched a Virtual Point of Sale service, a USSD enabled application that merchants can use to receive mobile money payments from their customers for goods and services
[Ghana] appsNmobile Solutions receives Payment Card Industry Data Security Standard certification
Ghana’s fintech company appsNmobile Solutions has received the Payment Card Industry Data Security Standard certification having gone through and complied with all the standard requirements.
[Nigeria] IDHS mulls African expansion to increase healthcare access
Nigerian e-health start-up iDHS HealthWise is looking to expand operations across Ghana, Kenya, Rwanda and South Africa as it seeks to increase access to various healthcare service
AirTelTigo Ghana commits one percent of sales to boosting education
AirtelTigo Ghana has announced it is deepening its long-standing commitment to communities in the Ashanti, Bono, Bono East and Ahafo regions.
[Column] Forster Boateng: Ghana intensifies bid for eradication of aflatoxin-related losses from agricultural value chains
In sub-Saharan Africa, grains, tubers, nuts and oilseeds are key food items, representing the dietary basis for most of the population.
China Trade Week to attract more investors to Ghana
Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC)- Yofi Grant, says his outfit is seeking to use the China Trade Week to attract more investments to Ghana.
GODAN high level agricultural policy meetings conducted in Ghana
The Executive Director of the GODAN Initiative was in Ghana holding a series of meetings with Ministers and representatives as part of GODAN's efforts to support common Open Data and Agricultural policy in Western Africa.
Glo Mobile Ghana targets subscribers with new products to improve communication experience
Glo Mobile Ghana has introduced a set of innovative products aimed at giving telecommunications subscribers in Ghana additional value to significantly improve their communication experience.
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