Royal Bank of Scotland has swung to a loss in the third quarter after taking a hit from the cost of payment protection insurance.
The Edinburgh-based bank, in which the government owns a 62% stake, added its investment bank had a "parti…
THE global chocolate manufacturer, Mars Incorporated, has thrown its weight behind efforts by the Ghana Cocoa Board (COCOBOD) and its counterpart in Cote d'Ivoire, the Coffee and Cocoa Board, to get higher incomes for cocoa farmers.
M…
Barring any unforeseen intervention, shops in Accra Mall will be shut down on Thursday as shop owners in the country’s premier mall protest what they describe as unreasonably high rent and poor services.
The shop owners said they woul…
Industrial bellwether Caterpillar Inc (CAT.N) fell short of Wall Street estimates for quarterly profit on Wednesday and cut its forecast for overall earnings in 2019, as it reported a 13% slide in Asia sales driven by weakening demand in C…
Hardly a month goes by without news of another wave of shops shutting or of stores losing money.
Retailers are holding on to more space than they can pay for, and costs are shooting up, reports suggest. So, what is behind the High Stree…
About 137 individuals and companies have been shortlisted for awards at the Ghana Business Awards scheduled to take place on Friday, October 25, in Accra.
The second edition of the awards is to promote business excellence as well as pro…
Corporate bodies must prioritise their data and put robust security control measures in place to protect them, Joseph Quaye, Cyber Security Analyst at E-Crime Bureau, has said.
That, he said, was very crucial to ensure that the data o…
Unemployed graduates in Tumu in the Sissala East Municipality of the Upper West Region have attended a two-day seminar on soya bean processing to use as an alternative means of livelihood.
The graduates who came together to form groups…
Sunny Verghese, the Co-Founder and Group CEO, Olam International Limited, has cited Ghana's positive business environment and strong governance as major reasons for the company's growth in the country and the region.
He also lauded the …
There were no gainers or losers at the session as the benchmark index closed flat at 2,159.13 with a -16.06% year-to-date return. Market capitalization stayed at GH¢55.62 billion.
Consequently, sector indices remained unchanged, with …
Although 600 million people across sub-Saharan Africa lack access to reliable electricity, nations from East to West Africa risk installing over $180 million worth of unusable electricity capacity by 2023. Simply procuring more power suppl…
The British economy faces another agonising delay and UK financial assets will be further squeezed following the UK government losing another crucial Brexit vote in parliament.
This is the stark warning from the CEO and founder of one o…
New SEforALL Research Shows Africa At A Tipping Point To Meet Global Energy Goals By 2030 Without Urgent Investment
Public and private financial institutions are not responding adequately to meet global energy goals as finance, particu…
The ‘Russian–African Collaboration in the Diamond Industry’ session promises to be a highlight of the Russia-Africa Forum business programme’s Creating Joint Projects track. On 23 October, Russian and international experts will come togeth…
In line with its commitment to boost smartphone adoption, telecom operator AirtelTigo has joined forces with Nokia to rollout smartphone offer with free data and voice package for a year.
The Acting Chief Executive Officer, Murthy Chaga…
Participants in Russia–Africa Economic Forum to Search for Common Ground in Large-Scale Housing Construction Projects
Housing construction is an industry that inevitably develops alongside economic growth. The lack of housing and the qu…
Business Programme Released for Roscongress Foundation’s Innovation Space at Russia–Africa Economic Forum
The Roscongress Foundation has announced the programme of events that will be held at the Innovation Space as part of the Foundati…
How viable are investments in Africa? What kind of future can potential investors on the continent expect? Which countries and sectors of the economy are most attractive to investors? The participants in the session ‘Investing in Africa’, …
TMT Finance interviews the CEO’s of Millicom, SEACOM and Africa Data Centres in advance of TMT Finance Africa 2019 to discuss how diversifying revenue streams through technology is driving investment in Africa
TMT Finance (TMTFinance.co…
Mechanical and design problems with the flight control system were among the causes of last year's Lion Air crash, families of the victims have been told.
Indonesian investigators focused on a system used to improve handling and prevent…
The minerals sector contributed about GH¢2.36 billion in fiscal receipts in 2018, representing 14 per cent of direct domestic receipts and five per cent of government's revenue, the Chief Executive Officer (CEO) of the Ghana Chamber of M…
ABB group, as part of its efforts to remain global leaders in power, heavy electrical equipment and automation technology has unveiled a new ultra-modern showroom at Electroland Ghana at Spintex, Accra.
The landmark event to make Elec…
Vodafone is rebranding its enterprise unit to significantly enhance the way it engages customers in the ever-changing digital age.
As a result, Vodafone Business Solutions would be called Vodafone Business, to underline a belief in work…
Sunday Riley, the founder of the eponymous skincare brand, has been reprimanded for telling staff to write fake product reviews to boost sales.
The US Federal Trade Commission (FTC) found Ms Riley directed staff to post on beauty retail…
Ms Lilian Nekpe, Factory Superintendent of HGL Company, an agro-based and agro-processing entity in Ho on Monday said they are seeking private-public partnerships to operate at full-scale to meet Ghana's food security needs by 2023.
She…
China has the world's largest number of "unicorns," privately-held start-up firms valued at more than $1bn (£771m), according to a new report.
The country has produced 206 unicorns while the US has 203, the China-based Hurun Institute r…
Mr Joe Ghartey, Minister of Railways Development is attending the 2019 International Rail Conference (IRC) and Exhibition at Aerocity in New Delhi, India.
A statement issued by the Ministry of Railway Development and copied to the Ghana…
Tropenbos-Ghana, has called for more collaboration between the government agencies and other actors in the charcoal production value chain, to aid the capturing of adequate data on how all producers in the value chain, maintain or lose acc…
Young entrepreneurs in the culinary industry in Ghana have been advised to take the branding and packaging of their products with seriousness to maintain the loyalty of customers and remain competitive.
Mr Carl Sackey, the Chairman of t…
Mr John Mensah, the Managing Director of the Agricultural Development Bank (ADB) Limited, Dr John has reiterated the Bank's commitment to provide innovative products and services that will make banking fast, safe and conv…
Weekly Highlights
Consumer Price Inflation dropped for the first time after rebasing
Producer Price Inflation dropped to 9.7 percent in September
IMF drops growth forecast for 2019
Yields on 182-Day and 364-Day T-Bills eased.
…
Massey Ferguson offers high performance products & solutions, including mechanization planning across all farming segments in Africa
For three consecutive years emerging farmers throughout South Africa have gathered as members of the Af…
The benchmark index retreated by 2.52 points (-0.12%) to close at 2,159.13 with a -16.06% year-to-date return due to downward price movements in GOIL (-2.86%) and CAL (-1.33%). Both GOIL (GH¢1.70) and CAL (GH¢0.74) hit their year lows at…
New platform for creative change brings thinkers and doers together to catalyze a bright future for SA
The UCT Graduate School of Business (GSB) has partnered with Catalyst Africa to bring the first annual Catalyst Africa Conference to …
Fund Manager Survey: Manager reform hopes
GLOBAL RESEARCH MEDIA RELATIONS
Refer to important disclosures at the end of this report (SEE LINK BELOW). Please note, you may quote directly from this research report solely in your reporti…
The pound will experience a short-term relief rally, but John Bercow's refusal to allow a Meaningful Vote on the new Brexit deal will further weigh on the UK economy.
This is the stark warning from Nigel Green, the CEO and founder of de…
Tomorrow, the Economic Community of West African States (ECOWAS) Centre for Renewable Energy and Energy Efficiency (ECREEE) kicks off its third annual ECOWAS SUSTAINABLE ENERGY FORUM (ESEF), at the Kempinski Hotel in Accra, Ghana. Registra…
In the last 12 months, Revolut has been the fastest-growing challenger bank in Europe. According to a recent report, the company has already reached 6 million customers as of August 2019.
Revolut: The Fastest Growing European Challenger…
The AfCFTA implementation strategy will be amended with the contributions of workshop participants before being submitted to the Togolese authorities
Togo is actively working towards strengthening its institutional mechanisms to ensure …
GCB Bank has organised a breakfast meeting as part of its efforts to deepen its relationship with clients and key partners.
The event which was organized at the plush Labadi Beach Hotel in Accra was attended by top Management, Heads of …
One of the sessions of the Russia–Africa Economic Forum’s business programme will focus on ways for Russia and African countries to develop cooperation in the energy sector. The discussion will be attended by Deputy Minister of Energy of t…
Participants in Russia-Africa International Forum to Discuss Sustainable Partnership in Agricultural Sector
African countries are highly dependent on the agricultural industry, which accounts for more than 30% of their GDP. However, sev…
Airtel Africa announces partnership with Ecobank Group to allow Airtel Money customers to improve their access to mobile financial services
The partnership will also allow Ecobank corporate account holders to make bulk disbursements, su…
Russian experts have been actively involved in the study of Africa’s subsoil resources for a long time. Many African countries are enjoying the results of the work conducted by these experts and the fruits of scientific activity that began…
Focus on “new consumption,” “new business” & “green action”
Alibaba Group Holding Limited (NYSE: BABA) today kicked off its 2019 11.11 Global Shopping Festival, taking the annual celebration into its second decade with a focus on “new c…
Following the signing of an agreement with John Deere as the authorised distributor of John Deere products in Ghana and Nigeria, Tata International in Africa has announced the team of specialists who will be responsible for customer servic…
AZA Group, parent of BitPesa, TransferZero and BFX, Announces Landmark $15M Financing from The Development Bank of Southern Africa
With new funding and blockchain origins, AZA will service frontier markets by focusing on efficiency, opt…
Home rentals site Airbnb has warned a tax inquiry by HM Revenue & Customs could lead to legal proceedings.
A note in newly filed accounts for Airbnb UK said it had been contacted by HMRC over "tax laws or regulations impacting the compa…
The government’s decision to abrogate the power concession agreement with Power Distribution Services (PDS) has elicited strong reactions from some energy sector think tanks and political actors.
The Institute of Energy Security (IES)…