tagresults
Hotpack grows its foothold in Morocco
Hotpack Global announced a regional expansion in Morocco, joining hands with the retail leader of the African nation, Retail Holding through its investment arm, Best Financiers.
Meta launches its Africa Day campaign spotlighting and celebrating Africans making a global impact
As part of its Africa Day celebrations on 25 May, Meta announced the return of its global campaign ‘Made by Africa, Loved by the World’, which was first launched in 2021.
[Ghana] Smart Africa Digital Academy (SADA) launches its national digital academy
The Smart Africa Digital Academy (SADA) in partnership with Ghana’s Ministry of Communications and Digitalisation have launched a national digital academy in the country.
Kuramo Capital s'engage à verser 10 millions de dollars à Uhuru Fund I
L'aide apportée au Uhuru Growth Fund offre aux GP et aux entrepreneurs la possibilité d'accéder à des capitaux institutionnels, ainsi que de développer une empreinte mondiale et une connaissance approfondie de la région ouest-africaine.
Kuramo Capital makes US$10 million commitment to Uhuru Fund I
The support to Uhuru Growth Fund includes opportunities for GPs and entrepreneurs to access institutional capital, as well as develop a global footprint and deep understanding of the west African region.
[Ghana] Tales of the Cocktail Foundation announces the 2022 Cocktail Apprentice Program Class
The Cocktail Apprentice Program (CAP) has hosted more than 400 apprentices who have gained valuable experience working and managing large-scale, high-volume events during the annual Tales of The Cocktail Conference (TOTC).
Ghana's BigPay goes live with Azentio's Amlock Financial Crime Detection and Management Solution
Azentio Software (Azentio), a Singapore-headquartered technology firm, announced that BigPay, a Ghana-based global digital payment solutions company, has gone live with Amlock, Azentio's Financial Crime Detection and Management Solution.
[Ghana] GEA partners with IE University’s Africa Center to promote women entrepreneurship
GEA and IE Africa Center have announced a partnership to promote the economic empowerment of women in Ghana by focusing on providing leadership and development training for women entrepreneurs.
Social Enterprise Ghana with Moringa School and Brighter Investment to promote digital skills for jobs
Ghana’s network of high-impact social entrepreneurs and hubs, Social Enterprise Ghana, has signed an Agreement with Moringa School and Brighter Investment to promote training in digital skills amongst the youth that leads to impactful job creation.
[Ghana] Tecnotree launches total digital transformation suite for enterprises and customers of MTN
Tecnotree announced the launch of its digital transformation stack, for enterprise and consumer businesses with MTN Ghana.
[Colonne] Alex Pierre-Arnaud Assanvo: La Cacaoculture durable, une Solution
Grâce au DRD, 516 milliards de FCFA ont été payés aux planteurs ivoiriens au titre de la campagne 2020-2021 pour une production de 2,225 millions de tonnes de cacao
[Ghana] Le président soutient le BAD pour accélérer le programme de transformation du continent
Le président Akufo-Addo a exprimé son soutien ferme à une reconstitution significative du Fonds africain de développement, le guichet de financement concessionnel du Groupe de la Banque africaine de développement.
[Ghana] President support AfDB’s Quest for more resources to accelerate continent’s transformation agenda
Ghana’s President Nana Akufo-Addo has backed calls for more resources for the African Development Bank Group to accelerate its transformative role across the continent.
Google Translate learns 24 new languages
Google translate have added 24 languages to Translate, now supporting a total of 133 used around the globe.
Fidelity Bank Ghana appoints Atta Yeboah Gyan as Deputy Managing Director
Fidelity Bank Ghana has appointed Atta Yeboah Gyan as the Deputy Managing Director in charge of Operations and Support functions.
MYFIG wins at Innolab Insuretech Accelerator Programme
Figtech Limited has built an innovative Customer First Life Insurance APP (MYFIG) by integrating innovative technology with traditional methods within the sector.
Fidelity Bank Ghana opens new branch in Sampa
Fidelity Bank Ghana has opened a new full-service branch in Sampa in the Bono Region to provide comprehensive financial services to residents in Sampa and its environs.
AfricInvest acquires minority stake in Fidelity Bank Ghana
AfricInvest, Pan-African mid-cap-focused private equity firm, announced the acquisition of a minority stake in Fidelity Bank Ghana.
OPEC Fund approves $100m for operations in developing countries
The OPEC Fund for International Development (the OPEC Fund) approved $100 million in new funding to support development operations in Burundi, Nicaragua and Ghana.
First National Bank Ghana secures $85m funding from DEG
DEG has given a total of $85 million long-term loan facility to First National Bank Ghana. This is part of its support for financial institutions to widen the access to credit for SMEs and businesses within the real estate value chain.
Stella Oye elected chairperson of The Chartered Institute of Management Accountants Ghana branch
The Chartered Institute of Management Accountants (CIMA), has recently announced that Stella Oye has been elected as the first female chairperson of its Ghana branch.
Ghana women thrive in Village Savings and Loan Associations
The Upper East Region is a less traditional alcove of Ghana where communities are more open to women taking part in commercial activities. Its neighboring Northern Region is more conservative.
Ghana's Universal Merchant Bank appoints Nana Dwemoh as new CEO
The Universal Merchant Bank (UMB) Ghana appointed Nana Dwemoh Benneh as the bank’s new Chief Executive Officer, following the approval of the Central Bank.
[Ghana] Emmanuel Odartey appointed new Deputy Managing Director for GCB Bank
The Board of GCB Bank announced the appointment of Emmanuel Odartey Lamptey as the new Deputy Managing Director.
AM Best affirms credit ratings of Ghana Reinsurance Company
AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” of Ghana Reinsurance Company Limited (Ghana Re).
Talent 4 Startups teams with Moringa to offer scholarships in Software Engineering
Talent 4 Startups is offering fully funded scholarships to study Software Engineering at Moringa.
Ecobank launches Leadership Training Programme to support women-owned businesses across Africa
Ecobank Commercial Banking has launched its Ellevate Leadership Training Programme in partnership with the Global Business School Network (GBSN).
Fidelity Bank, Ghana Post to launch 33 new agent points
Fidelity Bank Ghana and the Ghana Post Company have agreed to roll out 33 new Fidelity Agent Points at key Ghana Post outlets across the country.
Farmerline secures $6.4 million Pre-Series A investment
Farmerline secures $6.4 million Pre-Series A investment & $6.5 million debt to help African farmers and agribusinesses make more.
Agritech Farmerline lève 12,9 millions $ pour étendre ses activités en Côte d’Ivoire
En dix ans d’existence, l’entreprise technologique agricole Farmerline obtient sa première augmentation de capital significative, qui soutiendra ses opérations auprès des PME agricoles et agroalimentaires.
[Nigeria] OnePort 365 secures $5 million Seed Funding to Digitize Freight Management in Africa
Nigeria's digital freight forwarding company OnePort 365 has raised $5 million in seed funding to drive the end-to-end digitisation of freight management in Africa.
UBA Ghana records 46% deposits increase in 2021
United Bank for Africa Ghana increased its deposits in 2021, recording a 46 per cent increment in deposits.
Ghana crude oil production declines by 17%
Ghana’s annual crude oil production has declined from 66.9 million barrels in 2020 to 55.05 million bbl in 2021, representing a 17.7 per cent decrease.
Investment in cement manufacturing to create jobs and reduce carbon emissions
An investment of 7.5 million USD in a cement producer in Ghana will contribute to creating jobs while reducing emissions.
Radisson Individuals debuts in Ghana
Radisson Hotel Group has announced its first Radisson Individuals property in Ghana in partnership with Belfast City Management.
[Ghana] Government restricts export of soyabeans and maize to ensure food security
The Ghanaian Government has restricted the exportation of two commodities, soya bean, and maize from the country.
Norfund invests $7.5m in Continental Blue Investments to create jobs, reduce emissions in Ghana
Norfund, a development finance institution has invested $7.5 million in Continental Blue Investments Ghana (CBI) to create jobs and reduce emissions in the country.
African payments company Cellulant expands its business platform into Ghana
Cellulant has debuted a new digital pay platform, Tingg, which will help businesses and customers to make seamless payments.
Five hundred and fifteen girls in Kenya, South Africa, Ghana and Nigeria participated in a Mastercard's Girls4TechSTEM curriculum
Mastercard recently hosted its first digital Girls4Tech Connect Marathon in Sub-Saharan Africa to inspire and prepare 515 girls aged 7-12 to pursue careers in Science and Technology.
[Ghana] International air traffic in 2022 to exceed two million people, aviation analyst
Total international air traffic for Ghana through the Kotoka International Airport will exceed 2.1 million people by the end of 2022 as a result of the latest easing of measures announced at the airport by President Akufo-Addo.
[Ghana] Shirley Somuah named partner at African private equity fund manager CardinalStone Capital
African private equity fund manager, CardinalStone Capital Advisers (CCA), has appointed Shirley Somuah as a Partner, as it strengthens its presence in Ghana with a new office opening in Accra in Q2.
Nissan unveils assembly plant in Ghana
The plant is the culmination of a journey that began in 2018 when Nissan became the first mover in the country to sign a memorandum of understanding with the government to work towards creating the Ghana Automotive Development Policy.
Digital marketplace platform IAA announces a new auction center in Ghana
IAA, Inc, a global digital marketplace connecting vehicle buyers and sellers, has announced a new market alliance agreement with Boacon Autos in the country of Ghana.
PGS releases new 3D GeoStreamer data for Tano Basin offshore Ghana
Integrated marine geophysics company, PGS, has added a further 2 000 sq. km of KPSDM processed MultiClient 3D GeoStreamer data offshore Ghana, revealing prolific Cretaceous reservoir targets in sharper detail.
AGRA and AIM for Climate announced partnership to accelerate investments for climate-smart agriculture
The Alliance for a Green Revolution (AGRA) and Agriculture Innovation Mission for Climate (AIM for Climate) announced partnership to accelerate investments and support for climate-smart agriculture and food systems innovation.
Tullow Oil completes pre-emption of Ghana assets for $118m
Tullow Oil reported the completion of its pre-emption of the Deep Water Tano component linked to the sale of Occidental Petroleum’s stake in the Jubilee and TEN fields based in Ghama to Kosmos Energy.
RECOVERY Trial launches in Ghana
The world’s largest clinical trial investigating treatments for COVID-19 RECOVERY Tria has now launched in Ghana.
[Ghana] Fintech startup, Dash, raises $32.8m seed round
Unified payments app, Dash, has today announced that it has raised $32.8 million in an oversubscribed seed round.
Ghana earns $6.55bn from oil in 10 years
Ghana has earned $6.55 billion in total petroleum receipts between 2011 and 2020, an Assessment of the Management and Use of Ghana’s Petroleum Revenues (2011-2020) has revealed.
IFC partners with DTRT to help make west Africa a major textiles manufacturing hub
West Africa has an opportunity to build an integrated textiles value chain, creating thousands of better jobs and introducing innovative sustainable fabric production technologies, thanks to a new partnership announced between IFC and DTRT Apparel Group, the region's largest clothing manufacturer.
[Vacancies] Africa Business Communities wants to work with freelance Business and Tech Journalists, Bloggers
Africa Business Communities is looking for Freelance Business and Tech Journalists, Bloggers in Nigeria | South Africa | Ethiopia | Uganda | Ghana
World Bank injects GH¢28m into Ghana's SME operations
The World Bank has injected GH¢28 million grants into the operations of 400 small and medium enterprises (SMEs) to support their recovery from the COVID-19 pandemic.
IFC nomme M. Kyle Kelhofer au poste de représentant régional senior pour l'Afrique
IFC a nommé M. Kyle Kelhofer au poste de représentant régional senior pour le Bénin, le Ghana, le Libéria, la Sierra Leone et le Togo.
IFC appoints Kyle Kelhofer as Senior Country Manager for Africa
IFC has appointed Kyle Kelhofer as Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo.
Kaspersky reports the anomalous decline of mobile malware in Africa in 2021
While analysing the threat landscape of African countries, Kaspersky experts saw a steady decline in attacks on mobile devices in the region, as cybercriminals consolidated their efforts to focus on more complicated, dangerous and profitable threats instead.
World Bank launches new Country Partnership Framework for Ghana
The World Bank has launched a new five-year Country Partnership Framework (CPF) for Ghana for 2022 - 2026. The CPF prioritizes investments in human capital, job creation, economic diversification and building a resilient health system.
[Nigeria] B2B eCommerce platform TradeDepot acquires Green Lion to accelerate expansion across Ghana
TradeDepot, a B2B eCommerce and embedded finance platform in Africa has acquired its competitor from Ghana Green Lion for an undisclosed amount.
[Ghana] AGRA and Kofi Annan Foundation roll out initiative to tackle malnutrition
The Alliance for a Green Revolution in Africa (AGRA) and the Kofi Annan Foundation say an initiative aimed at increasing the consumption of highly nutritious sweet potato varieties will help deal with malnutrition in Ghana.
Ghana Airports Company appoints Pamela Djamson-Tettey as new Managing Director
Pamela Djamson-Tettey has been appointed as the new Managing Director of Ghana Airports Company.
[Ghana] United States supports visually impaired students with braille learning materials
The United States is donating Braille teaching and learning materials for 1,400 visually impaired Ghanaian students.
BioNTech introduces first modular mRNA manufacturing facility to promote scalable vaccine production in Africa
BioNTech has taken a next step to improve vaccine supply in Africa by introducing its approach to establishing scalable vaccine production by developing and delivering turnkey mRNA manufacturing facilities based on a container solution.
[Ghana] Government kicks off $103.4m project to restore landscapes, mining sector
The Ghana Landscape Restoration and Small-Scale Mining Project has been launched by the government to strengthen the integration of the country’s natural resource management.
Moringa School expands to Ghana in new partnership with Impact Hub Accra
Africa technology boot-camp, Moringa School is expanding to Ghana in partnership with Impact Hub Accra.
Experts address the need for inclusivity and smallholder transformation in Ghana and Nigeria
For the West Africa region, discussion addressed cocoa- and agricultural-related issues in Ghana and Nigeria.
Fintech mobility startup Moove and CFAO Motors join forces to support mobility entrepreneurs in Nigeria and Ghana
Moove, the African mobility fintech, has partnered with CFAO Motors and purchased over 5,000 brand-new, fuel-efficient Suzuki vehicles for its mobility entrepreneurs across Ghana and Nigeria.
Pan-African classifieds platform Jiji acquires Tonaton.com, its main competitor in Ghana
Jiji already holds leadership positions in Ghana and Kenya.
CDC appoints Kwabena Asante-Poku as Coverage Director for Ghana
UK’s Development Finance Institution (DFI) CDC announced the appointment of Kwabena Asante-Poku as Coverage Director for Ghana. The new position will amplify the DFI’s presence in West Africa and strengthen its reach across the continent.
AfDB extends $27.39 million grant to support development of mini grid and solar PV net metering in Ghana
The Board of Directors of the African Development Fund has approved a $27.39 million grant to Ghana for the development of renewable energy investments in the mini grid and net metering space.
DPO Group partners with Mastercard to enhance digital payments in Ghana
DPO Group has partnered with Mastercard to enable thousands of businesses in Ghana offer their customers greater choice and convenience by pivoting online and accepting digital payments.
[Ghana] Fintech startup, OZÉ, nets $3m in financing to scale production
OZÉ, a Ghanaian fintech startup that provides digital recordkeeping tools with embedded finance products to medium and small businesses, has raised a $3 million pre-Series A round.
[Ghana] DPO Group partners with Mastercard to help businesses accept digital payments
DPO Group has partnered with Mastercard to enable thousands of businesses in Ghana to offer their customers greater choice and convenience by pivoting online and accepting digital payments.
MTN Group president visits Ghana
MTN Group President and Chief Executive Officer paid a day’s working visit to Ghana to engage with some key stakeholders and reiterate MTN’s commitment to support the further development of the Ghanaian telecommunications sector and work towards greater financial inclusion.
Jumia announces the launch of its second tech center in Egypt
Based on its strategy to provide new tech opportunities for youth and further expand e-commerce, Jumia, the e-commerce leader in Egypt, officially announced the launch of the new Tech Center in Alexandria Governorate.
GhanaWeb TV garners nearly 5 million views in first month of launch
Ghana’s first Advertising-based Video on Demand (AVoD) and free streaming news channel, GhanaWeb TV, has recorded 4.6 million views in the first month of its launch in November 2021.
Experts meet in Ghana on addressing cybercrime in Sub-Saharan Africa
The growing problem of cybercrime requires countries to build effective laws, policies, and international cooperation frameworks, said Head of the Rule of Law at the Commonwealth Secretariat.
Dangote advocates unity, cooperation among Africans to get global recognition
President of Dangote Group, Aliko Dangote, has charged African leaders and citizens to be united in the promotion of the continent’s intrinsic greatness through improved trade relations amongst African countries.
Proparco and Absa join forces to support SMEs impacted by the Covid-19 crisis
Proparco is collaborating with South Africa's third largest bank by assets, Absa Bank Limited, by granting it a senior loan of $20 million to contribute to its support plan for Corporate SMEs in the context of the continuing Covid-19 crisis.
Ababacar Diaw appointed CEO of Allianz Ghana Non-Life
Ababacar Diaw has been nominated as CEO of Allianz Ghana Non-Life, effective January 17th 2022, subject to necessary approvals.
COVID-19 brings Work-From-Home to Africa; What has been the impact on businesses so far?
The Covid-19 crisis has pierced through the fabric of every layer of society, leaving virtually no country unscathed. The consequences for businesses has been significant and African economies have had to make rapid changes to their way of doing business.
[Ghana] Health-tech startup mPharma secures $35million Series D funding for expansion
Ghanaian health tech startup mPharma has raised $35 million in a Series D round led by Citigroup Inc. The startup intends to use this new funding to hire more engineers to help grow its data infrastructure.
Lotus Ecoculture launches in Ghana
Lotus Ecoculture through its subsidiary Mepe Farms Limited an agricultural development company launched its services seeking to offset $35 billion annual food imports to the African continent.
[Ghana] Hollard and GEA partner to launch Asomdwee insurance policy for MSMEs
Hollard Ghana has partnered with Ghana Enterprises Agency to launch Asomdwee, a tailored insurance product for MSMEs in Ghana aimed at providing security for their business.
[Ghana] Aqua Africa and LMI Logistics enter warehousing agreement
Aqua Africa has signed a logistics and warehousing partnership agreement with LMI Logistics for a 1,880 sqm of storage space lease in Tema-Ghana.
Ghana Oil opens new auto center in Accra
Ghana Oil Company (GOIL) has unveiled its latest one-stop shop Auto and Lube centre in its Dahwenya station, located in the Greater Accra region of Ghana.
Ghana Agriculture sector sees 9% growth in Q3
Ghana’s economy expanded at the fastest pace in more than a year in the third quarter, buoyed by growth in the services industry
[Ghana] Communications Authority gives Celltel green light to launch $300m Ghana Smart Cities Project
The National Communications Authority has granted full nationwide authorization to Celltel, a wholly-owned Ghanaian company, to roll out a $300million Ghana Smart Cities Project.
Nigeria remporte le Ecobank Fintech Challenge 2021
Le Groupe Ecobank, a annoncé que Trove Finance, une application de négociation d'actions internationales basée au Nigéria, a remporté la quatrième édition du concours annuel Ecobank Fintech Challenge.
[Ghana] Zipline receives the 2021 secretary of State’s award
Zipline receives the 2021 U.S. Secretary of State’s award for corporate excellence in Health Security in Ghana.
Huawei and UNESCO to implement project in Africa for digital education systems
UNESCO and Huawei announced the launch of the implementations phase of the Technology-Enabled Open Schools for All (TeOSS) project in Ghana, Ethiopia, and Egypt.
Swire Energy Services partners with Cox & Young Resources to supply offshore containers in Ghana
The multi-year agreement will focus on the supply of offshore containers and supplementary services to support the developing energy market in Ghana.
Golden Star announces receipt of Ghanaian Regulatory approval for Chifeng acquisition transaction
Gold mining company Golden Star Resources Ltd has announced that the Ghanaian Ministry of Lands and Natural Resources has informed Chifeng Jilong Gold Mining Co., Ltd
Spotify launches its self-serve ad platform in Nigeria, Kenya, Tanzania, and Uganda
Spotify’s self-serve ad platform, Ad Studio, launched this week in Nigeria, Ghana, Kenya, Tanzania and Uganda, making this innovative advertising medium available to even more artists around the globe.
[Column] Titilayo Adewumi: West Africa’s circular economy efforts at the forefront of fostering a more sustainable future
The vast majority of population growth across the continent will be concentrated in urban areas. WEF data indicates that more than 80% of Africa's population growth between now and 2030 will be in cities, with Lagos growing at a pace of 77 people every hour.
African Development Fund extends $40m grant to establish Development Bank Ghana
The African Development Bank approved a grant of $40 million from the African Development Fund to the Republic of Ghana to further capitalise The Development Bank Ghana (DBG), a newly established development finance institution in Ghana.
Zipline, Pfizer, and Biontech deliver vaccines in Ghana
Zipline, Pfizer and Biontech collaboration paves the way for automated, on-demand delivery of first mRNA covid-19 vaccines in Ghana.
[Ghana] African Development fund extends $40 million grant to establish The Development Bank Ghana
African Development Bank Group approved a grant of $40 million to the Republic of Ghana to further capitalise The Development Bank Ghana (DBG), a newly established development finance institution in Ghana.
Tullow exercises pre-emption right of Deep Water Tano component of Kosmos Energy/Occidental Petroleum Ghana transaction
Tullow Oil announced it has exercised its right of pre-emption related to the sale of Occidental Petroleum’s interests in the Jubilee and TEN fields in Ghana to Kosmos Energy.
Viasat partners with Ghana Space Science and Technology Institute to launch its first real-time earth ground station in Africa
Viasat Inc., a global communications company, has announced the launch of its first Real-Time Earth (RTE) facility in Africa, located in Accra, Ghana.
Spotify appoints Irvine Partners as the PR agency for Sub-Saharan Africa
Irvine Partners, a multi-national public relations and integrated marketing agency, has been awarded the Spotify communications account in Sub-Saharan Africa.
[Ghana] Four startups join the Catalyst Fund Inclusive Digital Commerce accelerator
Four startups from Ghana have joined The Catalyst Fund Inclusive Digital Commerce Accelerator, a programme that supports innovators building digital commerce solutions.
COLUMNS.
[Column] Cathy Smith: Don’t believe the negative hype: tech is a force for good
Is a dysfunctional relationship with technology keeping us from harnessing tech for the greater good? ...read full column here
[Column] Kelly-Ann Mealia: Investment in Africa’s Hydrocarbon projects needed to fund the continent’s energy transition
Bringing reliable and affordable electricity to the over 600 million Africans who lack access to modern energy will require massive investment and holds the potential to drive positive socioeconomic development ...read full column here
INTERVIEWS.
[Interview] Claudia Castellanos, CEO, Black Mamba, Eswatini
Claudia Castellanos will be speaking at the Future Foods Conference on how to build a successful brand based on environmental and social values … read full interview here
[Interview] Janusz Luterek, Partner, Hahn & Hahn Attorneys, South Africa
Janusz Luterek, a partner at South Africa-based law firm Hahn & Hahn Attorneys will be speaking at the Future Foods Conference on the legal impediments to launching novel foodstuffs in South Africa … read full interview here
[Interview] Jerome OWONO, Marketing and Communication, ALM CREATIVE STUDIOS, Cameroon
Jerome OWONO MINBOE is the Marketing and Communication Manager at ALM CREATIVE STUDIOS, a young professional services company in Cameroon … read full interview here
B2B Events
8th African Petroleum Congress and Exhibition | 16th-19th May, in Luanda | Attend the event virtually
Through #CAPEVIII's virtual platform, you will have access to all live conference sessions as well as full access to the event app enabling you to network with all the attendees directly... read full details here
The Africa Trade Expo (TATE) | Virtual Conference and Trade Show | 9 March 2022 - 9 March 2023
The Africa Trade Expo (TATE) presents direct access to African buyers whose main aim is to source the latest products, establish partnerships, and conclude import/export deals ... read full details here
Future Foods | African Food & Beverage Industries Virtual Conference & Trade Show | 9 March 2022 - 9 March 2023
Future Foods is a virtual meeting place for importers, F&B managers, retail category buyers, owner-operators, agents, and distributors from across Africa’s diverse and booming ... read full details here