Source: Africa Publicity A pioneering green business initiative in Ghana has achieved remarkable success, creating 104 new jobs and generating over GHȼ4.35 million in revenue within its first six months. The Green Business Competitions for micro, small, and medium-sized enterprises (MSMEs) is a collaborative effort between the German Development Corporation and the Ashesi University’s…
Source: Africa Publicity In a shocking turn of events, South Africa’s Finance Minister Enoch Godongwana has been forced to postpone the presentation of the national budget due to sharp disagreements within the coalition government. The contentious issue: a proposed 2% increase in value-added-tax (VAT) that would have raised prices of goods, exacerbating the…
UBA Group Chairman, Tony O. Elumelu (seated right) signing the African Union Peace Fund agreement in Addis Ababa, Ethiopia Source: Africa Publicity The United Bank for Africa (UBA) Group has announced its commitment to supporting the African Union Peace Fund with a $500,000 donation. This pledge underscores the bank’s recognition of peace and security…
John Dramani Mahama (left) submitting his assets declaration forms to Auditor-General Johnson Akuamoah on Monday, February 18, 2025 Source: Africa Publicity In a move aimed at promoting transparency and accountability in governance, President John Dramani Mahama of Ghana has publicly submitted his completed Asset Declaration forms to the Auditor General. This action is in…
The Ghana Export Promotion Authority (GEPA) has officially signed off as a sponsor for the fifth edition of the CFO & Public Finance Conference scheduled to take place on April 3rd -4th , 2025, at the luxurious Labadi Beach Hotel in Accra, Ghana. The Conference will bring together Africas foremost finance executives from across…
Source: Africa Publicity Ghana is set to make a comeback to the domestic bond market in the second quarter of 2025. This move is likely a strategic effort to tap into local investments and boost the country’s economic growth. The domestic bond market has shown signs of rebounding, with investor confidence increasing after the successful…
President William Ruto speaking at the AU Side event in Addis Ababa, Ethiopia on February 14, 2025 Souece: Africa Publicity In a bold move, Kenya’s President William Ruto has declared that Africa will no longer tolerate being misjudged by global credit rating agencies that overlook the continent’s reality. Speaking at the African Union side event…
Source: Africa Publicity The Africa Energy Bank, a groundbreaking initiative to fund oil and gas projects and support the continent’s energy transition goals, is poised to launch in the first quarter of 2025. Nigeria’s junior oil minister, Heineken Lokpobiri, announced that the bank aims to reach an impressive asset base of $120 billion. The…
Source: Africa Publicity Dutch brewer Heineken reported a modest decline in sales for 2024, primarily due to currency fluctuations, despite a 1.6% increase in overall beer volumes. The world’s second-largest brewer, after AB InBev, announced revenue of 36 billion euros ($37.3 billion) for 2024, a slight decrease from the 36.4 billion euros reported in…
Source: Africa Publicity A comprehensive 2024 audit of the Electricity Company of Ghana (ECG) conducted by PricewaterhouseCoopers (PwC) has uncovered a staggering GH¢5.3 billion revenue discrepancy. The audit revealed that ECG continued to under-declare revenues to the regulator, with its accounts showing a collection of GH¢15.8 billion, while it declared only GH¢10.4 billion. The report…
H.E. Myriam Montrat (left) and Hon. Emmanuel Armah-Kofi Buah (right) The Canadian High Commissioner to Ghana, H.E. Myriam Montrat, paid a courtesy call on Ghana’s Minister for Lands and Natural Resources, Hon. Emmanuel Armah-Kofi Buah, MP, on Tuesday, February 11, 2025. The meeting highlighted the commitment of both countries to combat illegal mining and explore…
Source: Africa Publicity The Government of Grenada and the African Export-Import Bank (Afreximbank) have signed a historic agreement to host the fourth AfriCaribbean Trade and Investment Forum. The highly anticipated event is scheduled to take place on July 10-11, 2025, in St. George, Grenada. The signing ceremony, which coincided with Grenada’s 51st Independence Day,…
Harriet Thompson (3rd left) and Sam Nartey George (4th right) The Minister for Communication, Digital Technology and Innovations, Sam Nartey George (MP), has emphasized the importance of data synchronization in Ghana. This move is expected to drive the country’s digital transformation and foster economic growth. Data synchronization is the process of ensuring that multiple copies…
The fashion world is abuzz with the sudden departure of Sabato De Sarno, the creative director of Gucci, leaving the luxury brand’s future hanging in the balance. De Sarno’s abrupt exit has raised questions over who will replace him and how long it will take to get Kering’s anchor brand back on track. As the…
Source: John Awuni The Africa Center for Democracy and Socioeconomic Development, CDS Africa expresses deep concern over the lack of progress in the investigations surrounding the tragic incident at the AngloGold Ashanti mine in Obuasi, which resulted in the deaths of eight individuals. It has been over three weeks since President John Mahama directed…
Barely a week after he officially took office, the Minister for Lands and Natural Resources, Hon. Emmanuel Armah-Kofi Buah, MP, has hit the ground running, courting the support of the Western Regional House of Chiefs in government’s renewed fight against illegal mining, also known as galamsey. On Thursday, February 6, 2025, a Durbar was…
