Lessons From Africa’s Business Women
Africa’s women provide a large part of the continent’s entrepreneurial strength and potential. Aspiring entrepreneurs can learn from the powerful tips that five successful business women in...
Tag: economy
CEMAC Heads of State Reject CFA Franc Devaluation
Central African leaders have refused to devalue the CFA franc during an extraordinary CEMAC summit which ended Friday in Cameroon’s capital Yaounde. The summit was held in the presence of IMF...
Iran Allows Free Foreign Exchange At Banks In Move To Unify Rates
Iran authorized some banks on Saturday to deal in foreign exchange trading at a free-market rate, the central bank said, as authorities try to unify exchange rates. Iran operates two exchange rates,...
‘Stop Sleeping In Our Stores’- IKEA
Ikea is urging teenagers to stop creeping into its stores and having illegal sleepovers. About 10 "non-sponsored sleepovers" have been logged across the world by the Swedish furniture giant this...
Eurogroup’s Dijsselbloem Says Greek Debt Relief Talks Can Resume
Eurogroup chief Jeroen Dijsselbloem said on Saturday talks about initial Greek debt relief measures would be resumed after being frozen mid-month over Greece's decision to pay pensioners a Christmas...
Gov’t Releases GHC166 Million To Clear Energy Sector Debts
Government is set to release GH¢166 million to banks as it takes steps to quickly clear all the energy sector debts owed banks. This will represent the third tranche payment to banks, bringing the...
Automile Raises $7.5M For Fleet Vehicle Management Software
Automile, a fleet logistics and management startup, has closed a $7.5 million Series A round led by SaaStr with participation from Salesforce Ventures, Niklas Zennstrom, Dawn Capital and Point Nine...
Halliburton Shareholder Class Action To Settle For $100 Million
Halliburton Co (HAL. N) on Friday said it had reached a $100 million settlement to resolve a long-running securities fraud class action lawsuit against the oilfield services provider that twice...
Anxious Developers Await Scrapping of VAT On Real Estate
Real estate developers say they are eagerly awaiting the scrapping of the five per cent Value Added Tax (VAT) that was imposed on real estate sales by the outgoing administration. After making the...
Don’t Reduce Utility Tariffs – Economist Tells Nana Addo
Daniel Amateye Anim, Chief Executive of the Institute of Certified Economists (ICE), has urged the next government under Nana Addo Dankwa Akufo-Addo not to immediately reduce utility tariffs....
Indians Can Now Order Cash Online
As millions of Indians line up to try and get their hands on cash, an e-commerce company has started delivering it to their doorsteps. It's a response to the Indian government's sudden ban on 500 and...
GTP Sacks 178 Workers In 2016
Ghana Textile Printing (GTP) Limited, has laid off 178 workers over operational challenges. The affected staff comprises 138 permanent and 40 casual workers. The Marketing Director of GTP, Rev....
Retailers Set To Ring Up Sales In 2017
Cooling inflation, positive consumer sentiment and an expected rebound for the economy should underpin a strong performance for Ghana’s retail sector in 2017. In its monetary policy committee (MPC)...
US Alleges Barclays Mortgage Securities Fraud
The US Department of Justice is suing Barclays for alleged mortgage securities fraud. It claims that Barclays misled investors about the quality of loans backing securities in the run-up to the...
Zoomlion—The Conduit For Siphoning The Nation’s Blood
Honest labour is a long uncertain road often appropriately described as serpentine. It is winding with acute corners that are treacherous, least accommodating, and highly uncomfortable, in many...
GTP Sacks 178 Workers In 2016
Ghana Textile Printing (GTP) Limited, has laid off 178 workers over operational challenges. The affected staff comprises 138 permanent and 40 casual workers. The Marketing Director of GTP, Rev....
NPP Gov’t Must Continue Legacy Debt Payments
The Managing Director of HFC bank, Robert Le Hunte is optimistic the incoming Nana Akufo-Addo government will continue with the plans laid down by the Ministry of Finance in paying the legacy debt....
Group Urges NPP To Resuscitate NHIS
The incoming New Patriotic Party (NPP) government has been urged to put in place the necessary mechanisms to resuscitate the National Health Insurance Scheme (NHIS) which some say has not been...
Nimfah-Essuman Appointed Standard Chartered Executive Director
Kweku Nimfah-Essuman is the new Executive Dir and Chief Financial Officer of Standard Chartered Bank Standard Chartered Bank is delighted to announce the appointment of Kweku Nimfah-Essuman as...
U.S. Jobless Claims Rise To Six-Month High Last Week
The number of Americans filing for unemployment benefits rose to a six-month high last week, but remained below a level that is associated with labor market strength. Initial claims for state...