Ghana | Africatime
Tuesday 31 March 2015

Ghana

(BBC News Africa 03/31/15)
The elite of Kenya's much-heralded entrepreneurship revolution work in an ultra-modern. co-working space overlooking the bustle of Nairobi. Their businesses are reliant on the high-speed internet available here. The Nairobi Garage is one of a limited number of work spaces in the city boasting a dedicated 25 megabits per second [Mbps] fibre internet connection. Fibre is definitely not the norm in Kenya - a country viewed as a leader in African technology innovation. In financial terms, fibre internet is way beyond the grasp of most entrepreneurs and small businesses.
(Business Day 03/31/15)
Master Drilling, a supplier of drilling services to the mining industry, grew its headline earnings per share 32% in the year to December thanks to strong revenue growth from its specialised services in Africa. The group is benefiting from being diversified across emerging markets. It is listed on the JSE and in the US. On Monday it reported headline earnings per share of $131.5c for the year to last December compared with 99.3c for the year before. Sales revenue from its African business stood out, more than doubling from $9.34m to $19.26m. Sales revenue from its South African operations grew 18% to $44.46m from $37.64m. Master Drilling operates in the raise boring market and provides specialised drilling services to major,...
(Business Day 03/31/15)
It is a truth universally acknowledged that the future of Africa is mobile. And it does seem that the good news for mobile in Africa keeps on rolling in. This month a bullish MTN Group announced a 20% jump in net profit in 2014 from the previous year, with sales growth in Nigeria and other major markets such as Cameroon and Uganda. The company announced that it would invest R30bn this year to grow its infrastructure in the 23 countries...
(Vibe Ghana 03/30/15)
Ghana National Gas Company (Ghana Gas) will today commence the payment of compensation totalling GH¢7.8 million to about 800 project-affected farmers in 23 communities along the Essiama-Prestea Lateral Line in the Western Region. The payment is part of the early phase of the Gas Infrastructure Project from Essiama to Prestea. Corporate Communications Manager of Ghana Gas, Alfred Ogbamey, in a statement, said the ¢7.8 million would be paid as part of the compensation package for crops belonging to farmers. It...
(Ghana Web 03/30/15)
A dollar was selling at GH¢4.01 and buying at GH¢3.77 at the forex bureaux as at Friday, 27 March, 2015. One British Pound was selling at GH¢5.97 and buying at GH¢5.61. The Euro was also selling at GH¢4.40 and buying at GH¢4.13. The cedi maintained a GH¢0.006 buying rate to the CFA and sold at GH¢0.006. At the interbank exchange level, a dollar was buying at GH¢3.7133 and selling at GH¢3.7171. The British Pound was selling at GH¢5.5232 and buying...
(Vibe Ghana 03/30/15)
“There is nothing new in what he (Bawumia) said…what he said have been said over and over again. Dr Bawumia has not said anything new; he has not said anything that is so profound,” asserts the Managing Editor of the Insight newspaper, Kwesi Pratt Jr. Kwesi Pratt was speaking to the recent economic lecture delivered by Dr Mahamudu Bawumia, Vice Presidential Candidate of the opposition New Patriotic Party (NPP) at an event dubbed “The IMF Bailout: Will the Anchor Hold?”...
(Myjoyonline 03/30/15)
From a small alleyway in between the cracked mud houses at Oshiuman, little Oko races to the front of a nearby hut supported on a couple of twisted sticks. The three-year-old boy squats by a bucket of brownish water and thrushes his face into it, drinks for a few seconds and belches noisily. He’s one of over five hundred residents of Oshiuman who are now dealing with a serious water shortage. Oshiuman is an indigenous Ga community in the Ga...
(Ghana Web 03/30/15)
A number of persons holding positions in the opposition New Patriotic Party (NPP) have resigned their posts to contest in the upcoming parliamentary primaries of the party. Nominations would be open today for the contest which is scheduled for May 24, 2015 across the country. By last Friday evening, most of these individuals who were holding various positions at the regional, constituency and polling station levels of the party had tendered their resignation. Key among them was the resignation of...
(Myjoyonline 03/30/15)
Fishermen across the country’s coast have besieged the Ministry of Fisheries and Aquaculture Development in protest against the dissolution of the Premix Committee. According to the fishermen the Minister, Sherry Ayittey has been making unilateral decisions without consulting them and must resign. They also cited for instance the dissolution of the national premix committee and the attempted plan to dissolve the landing beach committee as an unacceptable development. Some of the fishermen who spoke to Adom FM’s Samuel Dowuona also...
(Ghana Web 03/30/15)
Six people including a Police Officer and two toll booth attendants have been arrested at the Senchi ferry site in the Eastern region for collecting tolls without issuing tickets. Three drivers have also been arrested for conniving with the syndicate to evade payment of tolls. The Asuogyaman District Commander of the Police Motor Transport and Traffic Department (MTTD), ASP Akwasi Yeboah told Starr FM’s Eastern regional correspondent Kojo Ansah that the suspects will be prosecuted. “[for] some drivers who are...
(Xinhuanet 03/30/15)
ARUSHA, Tanzania, March (Xinhua) -- The Third Africa-China Young Leaders Forum concluded on Sunday with the call for African countries to make their own policies which will help in promoting regional macroeconomic stability, a very fundamental aspect in improving people's welfare. Wrapping up the forum, Tanzania's Vice President Mohammed Gharib Bilal stressed on the need for African policy makers to produce good investment policies. "While we looking at these opportunities, it is a fact that we cannot run away from the new global development approaches.
(Xinhuanet 03/28/15)
LUSAKA, Mar. (Xinhua) -- Africa's trading bloc said it has resolved about 80 percent of Non-Tariff Barriers (NTBs) restricting trade, a statement emailed to Xinhua on Thursday said. The Common Market for Eastern and Southern Africa (COMESA) said 385 out of 476 NTBs identified as most restrictive to trade in the region through an online reporting system have been resolved while seven were considered non-actionable, according to a statement released by the bloc's public relations officer Mwangi Gakunga. "Currently, eight categories of NTBs have been identified as most restrictive to trade in the region.
(The New York Times 03/28/15)
The faded plaque to the right of the door said “Jochannan, Yosef B.,” but visitors to this nursing home on the northern edge of the Bronx knew the frail 96-year-old inside by another name: Dr. Ben. As a sign of respect, many would also bend down on one knee. The room was covered in mementos from a life spent between continents, weaving together the threads of the African diaspora: honors and awards, photos of Egyptian statues, kente cloth, a mug...
(Xinhuanet 03/27/15)
ADDIS ABABA, March (Xinhua) -- Intra-regional trade in the Common Market for Eastern and Southern Africa (COMESA) has increased dramatically but a lot needs to be done to achieve more with focus on small, medium and micro enterprises (SMEs), noted Officials. Speaking at the 34th session of the Council of Ministers of COMESA on Thursday in Ethiopia's capital Addis Ababa, the officials of the sub-region also underlined the need to ensure value addition of products in member countries for more...
(Xinhuanet 03/27/15)
NEW DELHI, March (Xinhua) -- India will hold a five-day " India-Africa Summit" later this year, where nearly 1,000 delegates will be invited, the Ministry of External Affairs has said. The summit will begin on October 26, and leaders from some 54 countries are expected to attend, the External Affairs Ministry officials said on Wednesday evening. The meeting between the heads of state and government will take place on October 29 and bilateral meetings are being scheduled on October 30,...
(The Guardian 03/27/15)
African elephants could be extinct in the wild within a few decades, experts have warned at a major conservation summit in Botswana that has highlighted an alarming decline in numbers due to poaching for ivory. The Africa Elephant Summit, held at a tourist resort in Kasane, gathered delegates from about 20 countries across Europe, Africa and Asia, including China – which is accused of fuelling the illegal poaching trade. “This species could be extinct in our lifetime, within one or...
(Bloomberg 03/26/15)
(Bloomberg) -- Japan has invested more in project financing in Africa than China as Asian nations continue to strengthen their economic influence on the continent, according to Linklaters LLP. Japanese investors accounted for $3.5 billion of the $4.2 billion of project funds that Asian nations poured into Africa last year to improve roads, water and sanitation and build oil and gas pipelines, according to the London-based law firm. “Japan now ranks as the most active Asian project finance sponsor in...
(Myjoyonline 03/25/15)
Communications Minister Dr Omane Boamah says the lecture given by the former Deputy Governor of the Bank of Ghana served a better propaganda purpose than an academic exposition. He said Dr Mahamudu Bawumia did not do justice to the institution, the Central University College and to the students who came to listen to him. At best he said the running mate of the New Patriotic Party "embellished the facts to dwarf the monumental achievements made by government." He said the...
(Ghana Web 03/25/15)
USAID Mission Director for Ghana, James A. Bever says Ghanaians should not see financial aid from America as a give-away but treat it with the same radicalism and rigour as the rest of state spending. “The monies we dole out to Ghana belong to American taxpayers and we expect to see dividend anytime such monies are given out to Ghana. We expect the aid to help boost trade, as well as help produce more healthy and educated Ghanaians,” Mr. Bever...
(Spy Ghana 03/25/15)
Nana Akuffo-Addo, flag bearer of the opposition New Patriotic Party (NPP) has denied reports that that he has resigned as the leader of the party. It could be recall that sections of the media carried reports from a letter indicating that Nana Addo had given up on his quest to become President of Ghana. Meanwhile, Nana Addo who also took to Twitter, stated that the claims are false. He said, “I have not resigned and any letter purporting to say...

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(Business Day 03/31/15)
It is a truth universally acknowledged that the future of Africa is mobile. And it does seem that the good news for mobile in Africa keeps on rolling in. This month a bullish MTN Group announced a 20% jump in net profit in 2014 from the previous year, with sales growth in Nigeria and other major markets such as Cameroon and Uganda. The company announced that it would invest R30bn this year to grow its infrastructure in the 23 countries where it operates. In the same week, global payment processor giants Visa and MasterCard both launched new mobile card services in Africa, eager to get a slice of the continent’s growing mobile payment industry. Better...
(Myjoyonline 03/30/15)
From a small alleyway in between the cracked mud houses at Oshiuman, little Oko races to the front of a nearby hut supported on a couple of twisted sticks. The three-year-old boy squats by a bucket of brownish water and thrushes his face into it, drinks for a few seconds and belches noisily. He’s one of over five hundred residents of Oshiuman who are now dealing with a serious water shortage. Oshiuman is an indigenous Ga community in the Ga West Municipality of the Greater Accra Region, now caught up in the urban sprawl – but the lack of potable water in the village seems to have reached a crisis level. On the outskirts of the village is a pond,...
(Ghana Web 03/30/15)
A number of persons holding positions in the opposition New Patriotic Party (NPP) have resigned their posts to contest in the upcoming parliamentary primaries of the party. Nominations would be open today for the contest which is scheduled for May 24, 2015 across the country. By last Friday evening, most of these individuals who were holding various positions at the regional, constituency and polling station levels of the party had tendered their resignation. Key among them was the resignation of...
(Ghana Web 03/30/15)
Six people including a Police Officer and two toll booth attendants have been arrested at the Senchi ferry site in the Eastern region for collecting tolls without issuing tickets. Three drivers have also been arrested for conniving with the syndicate to evade payment of tolls. The Asuogyaman District Commander of the Police Motor Transport and Traffic Department (MTTD), ASP Akwasi Yeboah told Starr FM’s Eastern regional correspondent Kojo Ansah that the suspects will be prosecuted. “[for] some drivers who are...
(The New York Times 03/28/15)
The faded plaque to the right of the door said “Jochannan, Yosef B.,” but visitors to this nursing home on the northern edge of the Bronx knew the frail 96-year-old inside by another name: Dr. Ben. As a sign of respect, many would also bend down on one knee. The room was covered in mementos from a life spent between continents, weaving together the threads of the African diaspora: honors and awards, photos of Egyptian statues, kente cloth, a mug...
(Xinhuanet 03/27/15)
NEW DELHI, March (Xinhua) -- India will hold a five-day " India-Africa Summit" later this year, where nearly 1,000 delegates will be invited, the Ministry of External Affairs has said. The summit will begin on October 26, and leaders from some 54 countries are expected to attend, the External Affairs Ministry officials said on Wednesday evening. The meeting between the heads of state and government will take place on October 29 and bilateral meetings are being scheduled on October 30,...
(The Guardian 03/27/15)
African elephants could be extinct in the wild within a few decades, experts have warned at a major conservation summit in Botswana that has highlighted an alarming decline in numbers due to poaching for ivory. The Africa Elephant Summit, held at a tourist resort in Kasane, gathered delegates from about 20 countries across Europe, Africa and Asia, including China – which is accused of fuelling the illegal poaching trade. “This species could be extinct in our lifetime, within one or...
(Bloomberg 03/26/15)
(Bloomberg) -- Japan has invested more in project financing in Africa than China as Asian nations continue to strengthen their economic influence on the continent, according to Linklaters LLP. Japanese investors accounted for $3.5 billion of the $4.2 billion of project funds that Asian nations poured into Africa last year to improve roads, water and sanitation and build oil and gas pipelines, according to the London-based law firm. “Japan now ranks as the most active Asian project finance sponsor in...
(Spy Ghana 03/25/15)
A Ghanaian Member of Parliament in the Ashanti Region of Ghana, Joe Osei Wusu, has asked mining communities to desist from shielding ‘illegal’ Chinese small-scale miners, local media reported here Tuesday. The Chinese illegal miners at Obuasi - Anwona ready for their pork mealsThe Chinese illegal miners at Obuasi – Anwona ready for their pork meals However, a leading member of the small-scale miners association, Eric Kofi Rivers, told Starr News that the locals would not report their Chinese counterparts,...
(Spy Ghana 03/25/15)
Cardholders of Ghana’s National Health Insurance Scheme (NHIS) have appealed to service providers to rescind their decision to withdraw part of their services to subscribers. nhis logo Health service providers under Ghana’s NHIS have withdrawn a chunk of their services to subscribers as a result of non-payment of claims running into seven months. Beginning from Tuesday, NHIS card holders will be attended to by health care professionals but will have to buy medications and pay cash for other costs that...
(Xinhuanet 03/25/15)
ARUSHA, Tanzania, March (Xinhua) -- African nations on Tuesday were urged to strengthen their national regulatory infrastructures for the nuclear energy to benefit the continent and its people. The call came at the time when a number of African countries are embarking into harnessing uranium energy to promote nuclear technologies for peaceful use.
(Reuters (Eng) 03/25/15)
JOHANNESBURG (Reuters) - Google and Facebook are at the forefront of a scramble to win over new African Internet users, offering freebies they say give a leg-up to the poor but which critics argue is a plan to lock in customers on a continent of 1 billion people. Africa's Internet penetration will reach 50 percent by 2025 and there are expected to be 360 million smartphones on the continent by then, roughly double the number in the United States currently,...
(Spy Ghana 03/24/15)
Dead men they say don’t talk. Prof John Evans Fiifi Atta Mills is not alive to clear the air on the raging controversy on what led to the ousting of former Attorney General and Minister of Justice, Martin Alamisi Amidu from his government. However, I am wondering if my friend, brother and mentor, Hon Martin Amidu will deny ever uttering the above excerpts or ‘something to that effect’ before His Excellency the late President Mills in that crucial meeting on...
(Spy Ghana 03/24/15)
FAKS Investigative Services, a research and background investigative company is organizing the first every Diaspora Radio Stations Awards, to award online Ghanaian radio stations toward their contribution to educate, inform and entertain Ghanaian online radio listeners based in abroad. The Chief Executive Officer(CEO) of FAKS Investigative Service, Mr. Fred Yaw Sarpong mentioned that, the contribution of Ghanaian online radio stations based outside Ghana must be recognise and awarded for their quest to serve Ghanaians based outside the motherland, with Ghanaian...
(Xinhuanet 03/24/15)
MURANG'A, Kenya, March 24 (Xinhua) -- Seated round the table and with chopsticks in their hands, Kenyan students living in suburb slums chatted animatedly while enjoying breakfast before Chinese class. The students are from the Mathare slums in Nairobi, and like many other poor kids living in slums of the capital Nairobi, they had to struggle for a chance of education. "But that was before the Chinese came," said Sharon Mwangi, a pioneer student at Beijing MCEDO School and will...
(Xinhuanet 03/24/15)
KASANE, Botswana, March 24 (Xinhua) -- A Chinese official has said that China will make more efforts on the fields of management, law enforcement, education and capacity building to help African countries battle elephant poaching. Meng Xianlin, executive director-general of Endangered Species of Wild Fauna and Flora Import and Export Management Office of China, made the remarks Monday after the African Elephant Summit in Kasane, Northern Botswana. China has also strengthened law enforcement, Meng said after the meeting, adding that...
(The Independent 03/21/15)
For all the reports of war and famine, Africa is booming. Jim Armitage speaks to some of its CEOs at their annual get-together in Geneva. It’s easy to fall into the age-old narrative that Africa is a land hidebound by corruption. But, at the annual Africa CEO Forum in Geneva this week, corporate leaders were pushing a very different theme. In fact, the C-word was one that few delegates wanted to talk about, preferring instead to discuss the same kinds...
(Myjoyonline 03/20/15)
It is likely the district level elections would be held in October this year as the Local Government and Rural Development Ministry lays a Constitutional Instrument (CI 89) in Parliament on Friday. The district level elections initially planned for March 3 were declared null and void by the Supreme Court because the Electoral Commission failed to follow due legal process. The CI 89 which would guide the district level elections would have to wait till July before it can travel...
(Myjoyonline 03/20/15)
To ensure regional balance in his cabinet, President John Dramani Mahama has replaced Transport Minister Dzifa Ativor with Water Resources, Works and Housing Minister Dr. Kwaku Agyeman Mensah. A statement to the Speaker of Parliament Friday by the Secretary to Cabinet, Roger Kwesi Angsomwine announced the president’s decision to recall the Water Resources Ministry back to Cabinet. The ministry was removed from cabinet barely a month ago when Dr. Kwabena Donkor's Power Ministry was added. Ghana’s Constitution enjoins the President...
(Ghana Web 03/20/15)
Executive Director of the Global Dynamic Consult, Gabby Asare Otchere-Darko, has denied reports he blamed former President John Agyekum Kufuor for his uncle, Nana Addo Dankwa Akufo-Addo’s 2008 election defeat. According to the New Patriotic Party chief strategist, although he has openly criticized certain ‘strange’ decisions the former President took in the dying embers of the 2008 elections, he has never accused him of plotting his uncle’s defeat. In a reaction to The aL-hAJJ’s recent publication which in parts mentioned...

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(BBC News Africa 03/31/15)
The elite of Kenya's much-heralded entrepreneurship revolution work in an ultra-modern. co-working space overlooking the bustle of Nairobi. Their businesses are reliant on the high-speed internet available here. The Nairobi Garage is one of a limited number of work spaces in the city boasting a dedicated 25 megabits per second [Mbps] fibre internet connection. Fibre is definitely not the norm in Kenya - a country viewed as a leader in African technology innovation. In financial terms, fibre internet is way beyond the grasp of most entrepreneurs and small businesses.
(Business Day 03/31/15)
Master Drilling, a supplier of drilling services to the mining industry, grew its headline earnings per share 32% in the year to December thanks to strong revenue growth from its specialised services in Africa. The group is benefiting from being diversified across emerging markets. It is listed on the JSE and in the US. On Monday it reported headline earnings per share of $131.5c for the year to last December compared with 99.3c for the year before. Sales revenue from its African business stood out, more than doubling from $9.34m to $19.26m. Sales revenue from its South African operations grew 18% to $44.46m from $37.64m. Master Drilling operates in the raise boring market and provides specialised drilling services to major,...
(Vibe Ghana 03/30/15)
Ghana National Gas Company (Ghana Gas) will today commence the payment of compensation totalling GH¢7.8 million to about 800 project-affected farmers in 23 communities along the Essiama-Prestea Lateral Line in the Western Region. The payment is part of the early phase of the Gas Infrastructure Project from Essiama to Prestea. Corporate Communications Manager of Ghana Gas, Alfred Ogbamey, in a statement, said the ¢7.8 million would be paid as part of the compensation package for crops belonging to farmers. It...
(Ghana Web 03/30/15)
A dollar was selling at GH¢4.01 and buying at GH¢3.77 at the forex bureaux as at Friday, 27 March, 2015. One British Pound was selling at GH¢5.97 and buying at GH¢5.61. The Euro was also selling at GH¢4.40 and buying at GH¢4.13. The cedi maintained a GH¢0.006 buying rate to the CFA and sold at GH¢0.006. At the interbank exchange level, a dollar was buying at GH¢3.7133 and selling at GH¢3.7171. The British Pound was selling at GH¢5.5232 and buying...
(Vibe Ghana 03/30/15)
“There is nothing new in what he (Bawumia) said…what he said have been said over and over again. Dr Bawumia has not said anything new; he has not said anything that is so profound,” asserts the Managing Editor of the Insight newspaper, Kwesi Pratt Jr. Kwesi Pratt was speaking to the recent economic lecture delivered by Dr Mahamudu Bawumia, Vice Presidential Candidate of the opposition New Patriotic Party (NPP) at an event dubbed “The IMF Bailout: Will the Anchor Hold?”...
(Myjoyonline 03/30/15)
Fishermen across the country’s coast have besieged the Ministry of Fisheries and Aquaculture Development in protest against the dissolution of the Premix Committee. According to the fishermen the Minister, Sherry Ayittey has been making unilateral decisions without consulting them and must resign. They also cited for instance the dissolution of the national premix committee and the attempted plan to dissolve the landing beach committee as an unacceptable development. Some of the fishermen who spoke to Adom FM’s Samuel Dowuona also...
(Xinhuanet 03/30/15)
ARUSHA, Tanzania, March (Xinhua) -- The Third Africa-China Young Leaders Forum concluded on Sunday with the call for African countries to make their own policies which will help in promoting regional macroeconomic stability, a very fundamental aspect in improving people's welfare. Wrapping up the forum, Tanzania's Vice President Mohammed Gharib Bilal stressed on the need for African policy makers to produce good investment policies. "While we looking at these opportunities, it is a fact that we cannot run away from the new global development approaches.
(Xinhuanet 03/28/15)
LUSAKA, Mar. (Xinhua) -- Africa's trading bloc said it has resolved about 80 percent of Non-Tariff Barriers (NTBs) restricting trade, a statement emailed to Xinhua on Thursday said. The Common Market for Eastern and Southern Africa (COMESA) said 385 out of 476 NTBs identified as most restrictive to trade in the region through an online reporting system have been resolved while seven were considered non-actionable, according to a statement released by the bloc's public relations officer Mwangi Gakunga. "Currently, eight categories of NTBs have been identified as most restrictive to trade in the region.
(Xinhuanet 03/27/15)
ADDIS ABABA, March (Xinhua) -- Intra-regional trade in the Common Market for Eastern and Southern Africa (COMESA) has increased dramatically but a lot needs to be done to achieve more with focus on small, medium and micro enterprises (SMEs), noted Officials. Speaking at the 34th session of the Council of Ministers of COMESA on Thursday in Ethiopia's capital Addis Ababa, the officials of the sub-region also underlined the need to ensure value addition of products in member countries for more...
(Myjoyonline 03/25/15)
Communications Minister Dr Omane Boamah says the lecture given by the former Deputy Governor of the Bank of Ghana served a better propaganda purpose than an academic exposition. He said Dr Mahamudu Bawumia did not do justice to the institution, the Central University College and to the students who came to listen to him. At best he said the running mate of the New Patriotic Party "embellished the facts to dwarf the monumental achievements made by government." He said the...
(Ghana Web 03/25/15)
USAID Mission Director for Ghana, James A. Bever says Ghanaians should not see financial aid from America as a give-away but treat it with the same radicalism and rigour as the rest of state spending. “The monies we dole out to Ghana belong to American taxpayers and we expect to see dividend anytime such monies are given out to Ghana. We expect the aid to help boost trade, as well as help produce more healthy and educated Ghanaians,” Mr. Bever...
(Spy Ghana 03/25/15)
An accomplished Ghanaian entrepreneur, Dr Kofi Amoah, is not in favour of the Ghana government’s decision to resort to the International Monetary Fund (IMF) for a bailout to salvage the ailing economy. The West African nation is expecting about $940 million from the IMF over a three-year period to inject life into a careworn economy. According to the accredited African partner for the Western Union Money transfer business, “going to the IMF was a mistake” and the programme may not...
(Myjoyonline 03/25/15)
Flagbearer of the New Patriotic Party (NPP) says a future Nana Akufo-Addo led government will respect a binding agreement with the International Monetary Fund but will not hesitate to renegotiate part of the agreement if it becomes necessary. Nana Akufo-Addo made the comment in an exclusive interview with Joy Business' George Wiafe shortly after a presentation by his running mate Dr Mahamudu Bawumia. The former Deputy Governor of the Bank of Ghana who was making his second appearance on the...
(Ghana Web 03/24/15)
The Ministry of Finance has withdrawn the $1 billion dollar Eurobond facility agreement from Parliament, citifmonline.com has gathered. The Ministry said it has noticed some “mistakes” in the Memorandum accompanying the agreement. There are also indications that the Finance Ministry could lay a new agreement on the Eurobond before close of today’s [Tuesday] sitting. Government early this month announced plans to issue the Eurobond to settle government’s debt that will mature in 2017. Last year it issued another Eurobond which was to be used to finance government expenditure and infrastructure.
(Ghana Web 03/24/15)
Government owes the bulk distribution companies (BDCs) approximately GH¢2 billion, the Chief Executive Officer of the Ghana Chamber of Bulk Oil Distributors (CBOD) has told TV3. The levels of debt have arisen as a result of government’s inability to clear them. Senyo Hosi disclosed this in an interview with TV3’s Sandra Amarquaye on Tuesday, March 24. The situation could result in acute shortage of petroleum products in the country. “It is important that our issues are addressed and I have...
(Spy Ghana 03/24/15)
Over the years mobile technology has flourished throughout the developing world faster than any other technology in history. With that growth comes an equally impressive surge in mobile money services, providing not just a broadly used means of doing business, but also a means of encouraging a cashless means of transaction. Indeed, the latest phenomenon generated by mobile technology is Mobile Money. This trend is providing money transfer services to millions of previously under-served people in the developing world, allowing...
(Spy Ghana 03/24/15)
The Securities and Exchange Commission (SEC) has finally given Agricultural Development Bank (ADB) the green light to go ahead and offer its shares to the public. ADBThe approval was given when the Commission met to review developments in the banking industry. This opens the gate ADB to begin the processes to possibly list on the local bourse. The bank is expected to offload a little over 50% stake in the institution to the public. The Bank of Ghana holds majB...
(Spy Ghana 03/24/15)
The RSE Share Index declined marginally to 234.36 points on weekly basis, down from 234.63 points last Monday. It however went up by 1.33 points to close at 234.36 compared to Friday, while the All Share Index went up slightly by 0.16 points to close at 137.30. The Bralirwa counter was unchanged at Rwf380 yesterday, same as most of the past week. On a weekly basis, the total turnover for the week at the end of trading on Friday stood...
(This Day Live 03/24/15)
The Tony Elumelu Foundation (TEF) on Monday announced its first 1,000 African entrepreneurs for the Tony Elumelu Entrepreneurship Programme (TEEP). The top five countries in terms of the number of winners in the $100 million entrepreneurship programme were Nigeria, Kenya, Uganda, South Africa and Ghana. The winners, according to the board of the TEF emerged from 52 African countries and territories, as well as a multitude of value adding sectors ranging from agriculture, education, fashion and information and communication technology...
(Independent Online 03/23/15)
Direct marketing retailer HomeChoice seems to be making headway with growing business in Africa with plans to open its Pan-African office in Mauritius this year. The group which sells homeware merchandise, personal electronics and loan products, said on Friday that it planned to offer innovative retail and financial services products to the growing African middle class. “Expansion into the rest of Africa presents a major growth opportunity for the business in the medium to long term. “A solid platform for...

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(Xinhuanet 03/11/15)
ACCRA, March 11 (Xinhua) -- The Ghana Football Association (GFA) has shown its worry about reports that some local players are betting away the fortunes of their clubs. Media reports are rife about the rise in soccer betting by players and some officials of clubs playing in the local league. A premier league club coach Mohammed Gargo has accused his players of involving in sports betting, something which he says has accounted for the poor performance of the club in the league campaign. Speaking at a press conference in Accra on Tuesday, the president of the GFA, Kwesi Nyantakyi, said the association is worried about the canker which has crept into the body fabric of...
(Starrfmonline 03/10/15)
Prominent economist, Dr. Kofi Amoah has kicked against Ghana’s prospective hosting of the 2017 Africa Cup of Nations, describing it as a ‘misplaced priority’. Ghana is one of three shortlisted countries vying for the hosting rights for the next edition of the tournament. The West African giants are going head-to-head against Gabon and Algeria following reports of the withdrawal of Egypt who were originally amongst the shortlisted countries. But Dr. Kofi Amoah, who chaired Ghana’s last hosting of Africa’s flagship competition in 2008, believes it is a waste to bid for the 2017 AFCON especially having failed to make good use of the massive infrastructure put up for the 2008 edition. “Ghana going for the bid in 2017 AFCON is...
(APA 03/06/15)
Week 10 of the Ghana Premier League will be underway this weekend and leaders Ashanti will travel to face Aduana Stars, looking to get back on the winning track after their 2-2 draw with Heart of Lions in last round. However their mission won’t be easy against second-placed Aduana who will be aiming to reduce the gap to three points in case of victory. Heart of Lions will be hosting WAFA and only one point is seperating the two sides...
(Xinhuanet 03/03/15)
ACCRA, Mar. (Xinhua) -- The General Secretary of the Gambia Football Federation (GFF) Abass Bah is in Ghana to study the operations of the Ghanaian FA. The move forms part of the objectives of Gambia's newly elected football executives to develop their human resource and other areas of the game, according to a release by the GFA on Monday. Bah said his two weeks stay in Ghana will offer him the opportunity to study the GFA's administrative systems to understand...
(Xinhuanet 03/03/15)
ACCRA, Mar. (Xinhua) -- The Ghana Football Association (GFA) is in search of new teams to replace Nigeria for its proposed friendly game on March 29 after FIFA canceled the much-anticipated friendly last week. The Nigeria Football Federation (NFF) had earlier announced that the Super Eagles would play Bolivia on March 26 in Uyo, and then take on the Black Stars on March 29 in London. But the friendly has now been stymied. World football governing body FIFA last Friday...
(Xinhuanet 02/27/15)
ACCRA, Feb. 27 (Xinhua) -- Ghana has named its final squad for the 2015 Africa Youth Championship scheduled for Senegal next month. The head coach of the Black Satellites Sellas Tetteh released his final 21-man squad for the tournament which begins from March 8 and ends on March 22 in the West African nation. Ghana is three-time African U-20 champions and will be aiming for a fourth title. The Black Satellites who are currently fine-tuning in Turkey have been paired...
(Ghana Web 02/26/15)
Accra Hearts of Oak have to delay their travel plans to Benin because of non-availability of funds to cater for their trip. A contingent of 23 players, 7 technical team members and other club officials were expected to depart Accra on Thursday, February 26, 2015 to Benin to play AS Police in the return leg of the CAF Confederation Cup. Hearts won the first leg 1-0 in Accra and is expected to play the return encounter on Saturday 28th February...
(BBC News Africa 02/26/15)
Fifa secretary general Jerome Valcke says the 2023 Africa Cup of Nations will be postponed from January to June to help move the 2022 World Cup. A Fifa taskforce has recommended the World Cup is played in November and December to avoid Qatar's hot summer. "The African confederation has automatically and nicely agreed it will not organise the Nations Cup in January 2023," Valcke said. "It will have to postpone the Africa Cup of Nations to June." The 2022 World...
(Spy Ghana 02/24/15)
Information making rounds indicates that Sports Minister Mahama Ayariga has been sacked. Unconfirmed report shows that Mahama Ayariga has been reassigned from the Sports Ministry to another Ministry yet to be known. Reports also indicate that his failure to give a proper account on the expenditure spent by the Black Stars at the just ended AFCON may have called for his dismissal. Mahama Ayariga also accused Ghanaian journalists demanding details about the expenditure incurred for the AFCON of asking him...
(Spy Ghana 02/18/15)
The Ghana Olympic Committee is mourning the passing of an accomplished leader in the Olympic Movement and a former President of the GOC, Dr. Yaw Nkansa-Gyane. Dr. Nkansa-Gyane died on 12th January, 2015 in Accra, aged 87. His final funeral rights will be held on Saturday, 21st February in Accra. He played a fundamental role in promoting sports and the Olympic Movement in Ghana and on the world stage. He served as a Vice President of the International Amateur Boxing...
(Ghana Web 02/18/15)
Andre Dede Ayew is willing to commit his future to boyhood club Olympique Marseille but not to a reduced salary. The 25-year-old is one of the big earners in the books of the cash-strapped Stade Velodrome side. The Ghana international’s future with the club where he has been nurtured from childhood still remains in the balance as he has just three months left on his contract. “In my head, everything is open. If I must leave then I shall. But...
(Myjoyonline 02/11/15)
After weeks of public speculations, the Sports Ministry has eventually revealed that government approved about GH₵17.9million to fund Ghana’s participation in the AFCON 2015 event in Equatorial Guinea. Sports Minister Mahama Ayariga revealed the figures while taking questions on the floor of Parliament Wednesday. The minister had expressed unwillingness to reveal details of the budget before the tournament. He had asked that Ghanaians wait until after the tournament when he would reveal the details of the expenditure. Ghana placed second...
(Spy Ghana 02/11/15)
Many are those who believe that the AFCON finals should not be the recipe of the Black Stars. A lot of football analyst and pundits have voiced their opinions over Ghana’s inability to win the AFCON trophy though they have reached the AFCON finals nine times. Ghana Black Stars is a national team that has a lot of history in Africa since 1920. The Black Stars have played in 19 Africa Cup of nations and the Black Stars has won...
(Xinhuanet 02/10/15)
ACCRA, Feb. (Xinhua) -- Ghana's senior national soccer team the Black Stars arrived home after winning silver at the just- ended 2015 Africa Cup of Nations (AFCON) in Equatorial Guinea. The Black Stars lost 9-8 to Ivory Coast in a dramatic penalty shoot-out Sunday night in the Equatorial Guinea city of Bata. The team, officials and government delegation touched down at the Kotoka International Airport in Accra Monday afternoon, to a rousing welcome by hundreds of soccer fans. They were...
(Reuters (Eng) 02/09/15)
Andre Ayew wasted no time on Saturday rebuffing any talk of revenge on behalf of his father when he plays for Ghana against the Ivory Coast in Sunday’s African Nations Cup final. The storyline of French-based Ayew brothers Andre and Jordan winning the title which eluded their father Abedi Pele when the two countries last met in the final, in 1992, was probed by reporters. But the 25-year-old Andre, the elder of the brothers who plays for Olympique Marseille, scowled...
(AFP (eng) 02/07/15)
Ivory Coast face what is likely to be their sternest test of the 2015 Africa Cup of Nations when they tackle Ghana Sunday in what has been dubbed the 'dream' final. Two of Africa’s football powerhouses are in dire need of a continental trophy after long, frustrating waits. Ghana have won the Cup of Nations four times but their last conquest was 33 years ago, while the Ivorians only triumph was in 1992 and, ironically, it was at the expense of Ghana. Ivory Coast beat their west African neighbours 11-10 on penalties after 120 minutes of action did not produce any goals in Dakar.
(AFP (eng) 02/07/15)
In Equatorial Guinea, Andre Ayew has not only shamed his critics but also moved a step closer to matching the class of his father, the legendary Abedi ‘Pele’ Ayew. In 2008, when he made his Africa Cup of Nations debut on home soil, he was criticised by the fans with some suggesting he was only in the squad because of the influence of his famous father. But a year later he made history when he led his country in Egypt...
(Reuters (Eng) 02/06/15)
Malabo - Ghana have called for stiff action against Nations Cup hosts Equatorial Guinea after several Ghanaian supporters were injured in attacks by home fans during Thursday's semi-final between the two countries. “It's a pity that this dark cloud overshadows our success and we really need to see some stiff action taken by the Confederation of African Football (CAF),” said Kwesi Nyantakyi, president of the Ghana Football Association who is also a senior CAF executive. At least five Ghanaian fans...
(BBC News Africa 02/06/15)
The Africa Cup of Nations semi-final between Ghana and hosts Equatorial Guinea was described as a "war zone" after play was suspended for more than 30 minutes because of crowd trouble. Players ducked bottles thrown from the stands, Ghana fans sought safety behind a goal, riot police used tear gas and a helicopter hovered over the stadium. "It's now like a war zone," the Ghana Football Association (GFA) tweeted, claiming "barbaric acts of vandalism" and "unprovoked violent attacks" had taken...
(Ghana Web 02/04/15)
Guinea Goalkeeper Naby Moussa Yattara has said in plain words that he will not apologise to Ghana captain Asamoah Gyan for injuring him in their quarter-final clash in Malabo last Sunday. The goalkeeper thwarted Gyan’s efforts in the dying minutes of the game, resulting in his eventual sacking, reducing his side to 10 men. To Yattara, apologising to the Black Stars captain suggests his action was deliberate, hence his decision not to apologise. He managed with his sketchy Queens language...

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(Starrfmonline 03/10/15)
Dr. Phil is wading into the fray in the on-going battle between Nick Gordon and the family of Bobbi Kristina Brown. The talk show host recently conducted an emotional, revealing interview with Gordon, and now Dr. Phil is sitting down with ET's Kevin Frazier to talk about the volatile situation. "I went to Atlanta to interview Nick. When I got there, the interview became an intervention," Dr. Phil explained. "When we get to Atlanta, his lawyers, who we were talking to, said, 'Listen, he is out of control. We are afraid that he is going to be dead if something doesn't happen. We can't control him.'" According to Dr. Phil, Gordon's behavior was erratic during...
(AFP (eng) 02/21/15)
Timbuktu, which won seven Cesar awards -- France's version of the Oscars -- on Friday tells the story of northern Mali under the control of jihadists, in a foreshadowing of the rise of the Islamic State group. Among its haul, it scooped the coveted best film and best director gongs for Mauritania's Abderrahmane Sissako. The ancient caravan town of the title, often a by-word for otherworldly remoteness, was seized by armed Islamists who cut a swathe through the west African nation's vast desert for most of 2012. It was liberated in a military intervention led by former colonial power France, but sporadic violence remains a problem and it is still potentially one of the most dangerous parts of the region...
(Ghana Web 02/18/15)
Talent Ghanaian child music star, Esi, has said fondly how much she has missed missing music genius Castro. The Hiplife artist, whose real name is Theophilus Tagoe, went missing, along with friend Janet Bandu in July, 2014. Born Elizabeth Esi Awotwi, the rising star who revealed Castro helped her write her debut single, Dream, is hopeful the musician would “come back soon”. “I don’t know. Uncle Castro was so nice to me and I miss him so much. I want...
(Ghana Web 02/04/15)
The lady with a charming voice on radio, Doreen Andoh, host of Joy Fm’s mid-morning show, Cosmopolitan Mix, has become the latest celebrity to add her voice to the growing complaints over the erratic supply of electricity in the country. Doreen has said the current situation has been giving her “high blood pressure.” She told her listeners on Monday that she had not had electricity for three days with absolutely no explanation from the power suppliers. “…Let’s not deal with...
(The Guardian 01/26/15)
Ghanaian Highlife artiste, Nana Quame visited e.TV’s The Late Nite Celebrity Show to enumerate some of the challenges he is facing after a long hiatus. With seven albums under his belt, Nana Quame revealed “It’s not easy getting artistes to feature on my songs currently. "Many of these artists don’t want to work with me anymore. I want to make myself believe they are busy doing other things or songs. "I called on some artists to feature them and they...
(Ghana Web 01/22/15)
Model, TV Presenter and Singer Deborah Vanessa Owusu, more commonly known in entertainment circles as Sister Debbie, has revealed that she never stated anywhere that she earned $8000 with her nude picture as some media houses have reported. Speaking in an exclusive interview on Neat FM’s “Entertainment Ghana”, Sister Debbie said whoever will believe that story is either ignorant or is up to some mischief. “First of all, the story is a misquotation or misinterpretation. That is not what I...
(Citifmonline 01/08/15)
In 2015, television gets more exciting as a new Nigerian telenovela, Hotel Majestic, births on Africa Magic. The daily telenovela premiered on January 5 on Africa Magic showcase at 7:00PM GMT. Hotel Majestic focuses on the Emeni family as they fight one another and the outside world to protect a hotel that has been in their family for decades. The Hotel, which is situated in a beautiful and flawless riverside community in Nigeria, has been in the family since the...
(Ghana Web 01/08/15)
The President, John Dramani Mahama has jokingly called on ace highlife singer, Charles Kwadwo Ofosu, known in showbiz as Daddy Lumba to grant him the copyright to his hit song, 'Yentie Obiaa'. The President said his call is necessary as his name has become synonymous with the lyrics of the song. “I think Lumba must give me the copyright to the song…,” he joked in an interview Wednesday as part of events marking the two years of his presidency. The...
(Ghana Web 12/30/14)
The organisers of a musical bash dubbed “New Year Bash With Abrantie Amakye Dede”, slated for January 1, 2015 at the Abrantie Spot, have promised music fans that the much awaited event would be full of fun and excitement as there would be hot performances by the highlife legend Abrantie Amakye Dede, Kofi B and Lee Duodu. According to the organisers, music lovers and fans of Abrantie, Kofi B and Lee should expect a fun-packed night at the event which...
(Ghana Web 12/23/14)
Airtel Ghana brand ambassadors, Kalybos, Ahoofe Patricia and DKB will join music giants such as Shatta Wale, M.anifest, Stonebwoy, Guru, Keche, MzVee and Kontihene to thrill fans at the Decemba 2 Rememba concert which will come off at the Accra International Conference Centre (AICC) on December 24. Both Kalybos and Patricia have won the hearts of many Ghanaians with their hilarious comedy series dubbed ‘Boys Kasa’. DKB, born Derrick Kobina Bonney, was Ghana’s representative at the Big Brother Africa Stargame...
(Ventures-Africa 12/23/14)
VENTURES AFRICA – Tourism, the fastest growing economic sector within Africa, serves as one of the core investment opportunities on the continent. But beyond the safari experience, innovative companies offer a look into Africa which is capable of penetrating this global culture. “There is no reason the world shouldn’t experience the environments that breed such dynamic people,” said Cherae Robinson, Founder and CEO of Rare Customs. Cherae is the brilliant mind behind “Tastemakers Africa”, a mobile app and website that allows travellers secure exquisite, adventurous and curated trips across Africa.
(Spy Ghana 12/19/14)
Talented actress Nana Ama Mcbrown has finally reacted to accusations that she snitched her boyfriend Maxwell Mensah from musician Mzbel. The award-winning actress on Pluzz FM in an interview with Sammy Flex on Friday made it clear that she has never in her life snatched any man from her woman but the men rather run after her. The rumour of Nana Ama Mcbrown stealing Mzbel’s boyfriend gained roots after the actress was seen hanging around with Maxwell three months after...
(Ghana Web 12/19/14)
The 3-day Becca Girl Talk Festival officially commenced with the deputy minister of Tourism, Culture and Creative Arts Dzifa Gomashie in attendance. The 3-day festival at the National Theatre started with a workshop yesterday, Thursday 18th December 2014; and continues today with the ultimate show happening on the 20th of December 2014 where musical performances and other entertaining acts will be offered. Becca posed for pictures with students and other patrons.
(Myjoyonline 12/18/14)
Ghanaian actor, Ekow Smith Asante has expressed disappointment at a confession by HIV/AIDS ambassador, Joyce Dzidzor Mensah she lied about her HIV status. In 2013, Ekow Smith Asante starred in a movie about Dzidzor’s real life story of how she contracted HIV and how she did not allow stigmatization, scorn, and molestation to dampen her spirit. The movie, ‘My Cross Roads’, premiered at the National Theatre on Friday, October 4, 2013 and received rave reviews. Apart from Ekow and Dzidzor,...
(Leadership 12/16/14)
Top music acts from across the African continent will dazzle guests, VIPs and members of the football community at the forth-coming 2014 Glo-CAF Awards scheduled to hold in Lagos on January 8, 2015. The top acts expected to do their stuff at the high octane continental event are Congo DRC’s multiple award-winning song writer, singer and guitarist, Fally Ipupa; global Jazz icon, Hugh Masekela from South Africa and Egyptian folk singer and the first person from an Arab country to...
(Xinhuanet 12/15/14)
NAIROBI, Dec. (Xinhua) -- Ghanaian President John Dramani Mahama said Sunday seven bilateral agreements his government inked with Kenya on Saturday will help spur economic growth between the two nations. Speaking at the end of his four-day visit to Kenya, Mahama said agreements which included trade, education, tourism and Information and Communication Technology (ICT) will open up new economic frontiers for mutual benefits. "We can take it (intra-Africa trade) to another level. We have historically cooperated together in the liberation struggle from colonial
(Ghana Web 12/09/14)
Beads are small decorative objects that are formed in a variety of shapes and sizes from materials such as glass, plastic or wood which is pierced together for threading. They are categorised into glass beads, wood beads, base metal beads, mirage beads and gem stones. It is now common knowledge that ladies love to look pretty not sparing any expense in choosing nice clothing, shoes or accessories. Both men and women look amazing with beads especially when worn right, interestingly...
(Spy Ghana 12/08/14)
The 2014 MTN Saminifest, held at the Trade Fair Center last Saturday projected never seen performances from our top musicians. The event was brought to us by MTN Ghana and was supported by Club Beer, Kasapreko Alomo Sankwan, Fiesta Condom and more. It is an event held to celebrate 10 successful music years of BatMan now known as Samini. If you werent at the Trade Fair then you should admit you missed one of the best actions ever. You can...
(Citifmonline 12/05/14)
All is set for the much awaited Citi FM MOGO Dance Party tonight at the plush Alisa Hotel. The legendary Nana Ampadu and the Ramblers International Band will lead the pack of performers; the versatile Okyeame Kwame and the smooth Akwaboah. Highlife, the authentic Ghanaian music genre, has for several decades served the people of the West Africa with timeless melodies. The MOGO Dance Party would see the performers keeping patrons on their feet in a party atmosphere in celebration...
(Citifmonline 12/01/14)
Citi FM’s Music of Ghanaian Origin (MOGO); arguably Ghana’s most authentic highlife musical celebration is set to thrill its numerous patrons once again with a parade of some of the nation’s legendary Highlife musicians. This year’s event, dubbed the MOGO Dance Party, comes off on Friday December 5 – Farmers Day – at the plush Alisa Hotels in Accra. The legendary Nana Ampadu and the Ramblers International Band will lead the pack of performers; the versatile Okyeame Kwame, the smooth...

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(BBC News Africa 03/31/15)
The elite of Kenya's much-heralded entrepreneurship revolution work in an ultra-modern. co-working space overlooking the bustle of Nairobi. Their businesses are reliant on the high-speed internet available here. The Nairobi Garage is one of a limited number of work spaces in the city boasting a dedicated 25 megabits per second [Mbps] fibre internet connection. Fibre is definitely not the norm in Kenya - a country viewed as a leader in African technology innovation. In financial terms, fibre internet is way beyond the grasp of most entrepreneurs and small businesses.
(The New York Times 03/28/15)
The faded plaque to the right of the door said “Jochannan, Yosef B.,” but visitors to this nursing home on the northern edge of the Bronx knew the frail 96-year-old inside by another name: Dr. Ben. As a sign of respect, many would also bend down on one knee. The room was covered in mementos from a life spent between continents, weaving together the threads of the African diaspora: honors and awards, photos of Egyptian statues, kente cloth, a mug decorated with hieroglyphs and piles of letters from admirers and acolytes. Yosef Alfredo Antonio Ben-Jochannan seemed unaware of the shrine that had accumulated around him. His eyes were barely open. He sat hunched in his wheelchair, dressed in baggy pants,...
(Xinhuanet 03/27/15)
NEW DELHI, March (Xinhua) -- India will hold a five-day " India-Africa Summit" later this year, where nearly 1,000 delegates will be invited, the Ministry of External Affairs has said. The summit will begin on October 26, and leaders from some 54 countries are expected to attend, the External Affairs Ministry officials said on Wednesday evening. The meeting between the heads of state and government will take place on October 29 and bilateral meetings are being scheduled on October 30,...
(Bloomberg 03/26/15)
(Bloomberg) -- Japan has invested more in project financing in Africa than China as Asian nations continue to strengthen their economic influence on the continent, according to Linklaters LLP. Japanese investors accounted for $3.5 billion of the $4.2 billion of project funds that Asian nations poured into Africa last year to improve roads, water and sanitation and build oil and gas pipelines, according to the London-based law firm. “Japan now ranks as the most active Asian project finance sponsor in...
(Bloomberg 03/21/15)
(Bloomberg) -- Barclays Plc has started lending to diamond dealers as the British bank seeks to expand in southern Africa, according to people familiar with the situation. The U.K.-based bank is financing buyers of rough stones in Botswana and South Africa, the people said, asking not to be identified as the move hasn’t been made public. Barclays customers include buyers of gems from the Botswana government, the biggest producing country, two of the people said. Barclays Chief Executive Officer Antony...
(Bloomberg 03/20/15)
(Bloomberg) -- Ghana had its credit rating cut by Moody’s Investors Service after the West African nation warned that tumbling oil prices will worsen its government budget deficit. The sovereign’s foreign-currency rating was lowered one step to B3, six levels below investment grade, Moody’s said Thursday. The outlook on the grade is negative. Standard and Poor’s assesses Ghana at an equivalent B-, while Fitch Ratings has it one grade higher, at B. The move was the second downgrade by Moody’s...
(Voice of America 03/20/15)
YAOUNDE— The United Nations is calling on African countries affected by terrorism to draw up legislation to facilitate hot pursuit. Jean-Paul Laborde, executive director of United Nations counterterrorism committee, said terrorism suspects are escaping because police are not permitted to cross national boundaries without a warrant. "Of-course there is more to be done not only by the international community but also at the regional level in terms of police cooperation which is already well done among the countries of central...
(Voice of America 03/20/15)
The International Food Policy Research Institute has released its Global Food Policy Report. IFPRI Director- General Shenggen Fan listed some of the accomplishments of last year. “We have achieved some progress. For example, we paid more attention to nutrition. We also think water, hygiene are very important in solving children’s under nutrition. We have also seen new commitments on trade and climate change – and [a] focus on family farming. The year 2014 was a year of family farming. So...
(Bloomberg 03/19/15)
(Bloomberg) -- Doris Acharibia says her new trainees are eager to learn how to make butter from shea nuts in Ghana’s northern savannah. Growing global demand for the product used in food and as a skin moisturizer is attracting companies like Singapore’s Wilmar International Ltd., the world’s biggest trader of edible oils. Retail prices increased 67 percent in 2014 for butter produced by independent sellers in Acharibia’s group. That’s convinced women in northern Ghana, who already grow rice, soybeans and...
(Bloomberg 03/19/15)
(Bloomberg) -- James Wilde has climbed the tallest peaks on every continent, including Mount Everest. Now he’s drilling in Uganda for water to aid refugees fleeing South Sudan’s conflict. Global H20 was founded by Wilde after he caught dysentery from contaminated water on Tibet’s Mount Cho Oyu in 2009. Since then, the charity has won contracts to drill wells and dig latrines for refugee camps accommodating some 80,000 who escaped from South Sudan. A new Angola chapter kicks off operations...
(The New York Times 03/18/15)
NDJAMENA, Chad — Deep in the Sahara, late at night, a Reaper drone silently tracked a six-vehicle convoy crossing the desert into Niger from Libya. Minutes later, French attack planes and helicopter gunships swooped down on the convoy of Qaeda-backed fighters, turning the militant caravan into smoldering wreckage. The raid last October by French combat aircraft and commandos killed or captured 15 Islamist fighters, and recovered nearly three tons of weapons, including Russian-designed SA-7 shoulder-fired missiles and several hundred anti-tank rockets, all bound for guerrilla operations in Mali, French officials said.
(Forbes 03/18/15)
“There is always space for you to play, but approach it with diligence,” - Strive Masiyiwa, founder & Chairman, Econet Wireless Group. According to a research report published by Canadean, total consumption of non-alcoholic beverages in Africa in 2013 was 51,559 million liters (13,473 million gallons). Applying a multiplier to that consumption volume; average price of $1.06 per liter (combination of on and off trade sales values), the value of the non-alcoholic beverage industry in Africa was estimated at $54.6...
(Voice of America 03/14/15)
ABUJA—Few Nigerians are applauding the collapse of oil prices, which has hit the economy of Africa's top crude producer hard and hammered its currency, the naira. But for the currency hawkers hanging around outside Abuja's Sheraton hotel, business has seldom been so good as wealthy Nigerians turn to the black market - sometimes changing up to $200,000 at a time - to dodge increasingly onerous FX regulations. In other African crude producers such as Angola and South Sudan, the sharp...
(Bloomberg 03/13/15)
(Bloomberg) -- Ghana said this year’s budget deficit will be wider than previously projected after a fall in crude oil prices curbed revenue. The target for the gap was revised to 7.5 percent of gross domestic product from 6.5 percent, Minister of Finance Seth Terkper told Parliament Thursday in the capital, Accra. The deficit has averaged about 10 percent in the past three years. The benchmark oil price in the budget was cut to $52.80 per barrel from $99.38, he...
(Bloomberg 03/11/15)
(Bloomberg) -- Ghana plans to block shea exports by companies not registered with the government, tightening control of an industry that largely relies on women to harvest the product used in moisturizers and food. Shippers have to sign on with the Ghana Cocoa Board by the end of the month or face a ban, said Vincent Anchirinah, manager of the regulator’s shea unit. The board is also starting a program to develop higher yielding trees and make harvesting, that currently...
(Bloomberg 03/11/15)
(Bloomberg) -- The U.S. Commercial Service, the export promotion arm of the Department of Commerce, doubled its presence in Africa over the past year to boost trade with some of the world’s fastest growing economies. The agency opened offices in Angola, Ethiopia, Mozambique and Tanzania in the past 12 months and is planning its biggest-ever trade mission to sub-Saharan Africa in September, Donald Nay, a regional senior commercial officer, said in an e-mailed response to questions. U.S. companies have faced increasing competition from China in Africa over the past decade as the Asian nation targeted the continent for oil and other mineral resources.
(The Wall Street Journal 03/11/15)
The latest progress report on African aviation safety features surprisingly good and bad news: jetliner losses dropped precipitously in 2014, but the rate of major turboprop crashes exceeded every other region. Globally, commercial jet safety in 2014 was the best ever, according to data released this week by the leading airline trade group. There was one serious jetliner accident for every 4.4 million flights last year, which the International Air Transport Association said was a historic low—and significantly improved from...
(BBC News Africa 03/10/15)
Over 30 million Africans live in the diaspora. They sent almost $40bn (£26.5bn) home in 2014, a figure that is likely to grow significantly in the coming years. While north African countries such as Morocco, Algeria and Egypt receive the most, east African countries are particularly dependent on remittances. The average per migrant is almost $1,200, representing 5% of GDP on a country-by-country average. Yet the cost of sending this money is high. The Overseas Development Institute (ODI) reports Africans...
(Voice of America 03/09/15)
World Wildlife Day is celebrated annually on March 3. While it is a day to celebrate wildlife, this year international organizations and governments are calling attention to the devastating affects poaching has had on the world’s animal species. The theme is “It’s time to get serious about wildlife crime.” The African Wildlife Foundation has released a downloadable infographic which reveals the scale of what it says is a multi-billion dollar illegal wildlife trade and its impact on many of Africa’s species.
(The Wall Street Journal 03/07/15)
Standard Bank Group Ltd., Africa’s biggest lender by assets, recorded a 12% rise in net profit in 2014 as it continued to dispose of business outside the continent. The Johannesburg-based bank said net profit rose to 15.93 billion South African rand ($1.35 billion) from 14.26 billion rand in 2013, on a 1% rise in group headline earnings to 17.32 billion rand in the year ended Dec. 31. Noninterest revenue climbed 14% from 2013 to 39 billion rand. Shares in the...

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