Africa Business World 

Two iconic women to help scale Africa’s best startup firms

– Advertisement – Telecel Group’s Africa Startup Initiative Program (ASIP) Accelerator powered by Startupbootcamp AfriTech today announced the creation of an industry advisory board to attract highly-regarded executives with a passion for supporting African startups. The founding members of the board are two accomplished female leaders who bring 55 years of combined experience – Eleanor Azar and Dale Mathias have been appointed as Director and Advisor to the Board respectively. ASIP offers several programs to support earlier stage African startups whose innovative ideas are making a profound difference in their communities, with the aim of helping…

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Africa Business China Ghana West Africa World 

Ghana panics after China begins exporting cocoa beans

– – Some Ghanaians are panicking over reports of the Chinese entry into the cocoa industry. The Chinese Academy of Tropical Agricultural Sciences recently reported that the Chinese island of Hainan has exported cocoa beans to Belgium. The first consignment of 500 kg of cocoa beans amounted to some $3,600. Ghana’s COCOBOD, the agency that handles issues related to cocoa farming and export in Ghana is assessing the impact of the impact of cocoa beans by China. Although COCOBOD appears concerned, it maintains that the quantity of the Chinese cocoa export is…

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Africa Business Ghana West Africa World 

Ghanaians sign petition to stop government from borrowing

– – Ghanaians have been signing an online petition that seeks to stop their government from taking loans from European Fund managers. The petition which was started by a renowned economist and businessman, Dr. Kofi Amoah said “Ghana is presently overburdened with loans.” Ghana’s Debt Load is akin to “We are the World” moment when MichaelJackson with top musicians composed the humanitarian song of a century! Can Ghana’s Men n Women of influence reach out to their followers to sign the Loan Petition Show some LOVE for Gh!https://t.co/FLVPT4LQ7e — citizen…

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Africa Business Ghana West Africa World 

Hyundai, KIA to set up assembly plants in Ghana by 2022

– – Global carmakers, Hyundai and KIA are to set up their assembly plants in Ghana by the end of 2022, according to government officials. Ghana’s minister for trade, Alan Kyerematen said when these firms set up, they would be joining firms like “Toyota-Suzuki, Nissan, Kantanka, Volkswagen & Sinotruck” that are already operating in the country. “The Ghana Auto Development programme” will create “6,600 manufacturing parts jobs in Ghana,” the minister said. Pleased to announce that Hyundai & KIA are set to establish assembly plants in Ghana by the end…

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Africa Business Ghana West Africa World 

Mechanical Lloyd Plc delists from Ghana Stock Exchange

– – Mechanical Lloyd Plc has announced the company’s delisting from the Ghana Stock Exchange. The offer results and delisting was approved by the Ghana Stock Exchange and took effect last Friday, 16 April 2021. The shares of Mechanical Lloyd Plc will no longer be traded on the stock exchange after successfully delisting. So far about three firms namely PZ Cussons, Sam-Woode ltd and Pioneer Kitchenware Limited have all delisted on the Ghana Stock Exchange in the past two years. Fourth worst stock exchange in Africa – – Meanwhile the Ghana…

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Africa Business Ghana Nigeria West Africa World 

Twitter office in Ghana sparks anger among Nigerians

– – Some Nigerians have not been happy with the decision to pick Ghana as host of the Africa headquarters of social media giant Twitter. Making the announcement on Monday, the US based social media company cited Ghana’s role as a champion for democracy, a supporter of free speech and online freedom, and the Open Internet, of which Twitter is also an advocate as reasons for choosing Ghana. The company also said Ghana’s recent appointment to host the Secretariat of the African Continental Free Trade Area aligns with its overarching goal…

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Africa Business Ghana West Africa World 

Why Twitter picked Ghana as its head quarters in Africa

– – Social media giant, Twitter has announced that Ghana will host its Africa head quarters. The company’s co-founder Jack Dorsey made the announcement on Twitter on Monday. In a statement the company said “in line with our growth strategy, we’re excited to announce that we are now actively building a team in Ghana. To truly serve the public conversation, we must be more immersed in the rich and vibrant communities that drive the conversations taking place every day across the African continent.” According to Twitter it decided to settle…

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Africa Business East Africa World 

Uganda, Tanzania sign $3.5bn deal with global oil firms

– – The governments of Tanzania and Uganda on Sunday signed a long awaited oil deal with international oil firms—French Total E&P, and China’s Cnooc. The deal worth some $3.5 billion gives way for the commercialization of an East African Crude Oil Pipeline (EACOP). Officials of both countries and the oil firms have been engaged in years of protracted negotiations. This new deal now allows for the oil project for the next phases of development and production by earliest 2025. The 1440km export pipeline stretches from Western Uganda to the…

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Africa Business World 

The African Union’s digital Covid-19 passport for travelers

– – The African Union has developed a common continental Covid-19 digital passport for travelers and airlines. It is an initiative by African Union’s lead health agency, the Africa Centre for Disease Control and Prevention (Africa CDC). The technology is known as Trusted Travel, a platform that will enable passengers across Africa to securely and easily verify compliance with Covid-19 test or vaccine travel requirements issued by their destinations of choice. The platform has been made available to airlines since March 2021 as the continent continues to battle the pandemic.…

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Africa Business East Africa World 

Kenyans petition IMF not to give the government loans

– – Kenyans are signing an online petition to ask the International Monetary Fund (IMF) not to give the government any more loans. Through the hashtag #StopLoaningKenya, Kenyans have circulated the online petition link which cites corruption and other reasons why no more lending should occur. The development follows the IMF’s approval of 257bn Kenyan shillings ($2.4bn) loan for Kenya to aid in Covid-19 response. The IMF Executive Board has approved a three-year financing package of US$2.34 billion to support Kenya’s pandemic response and economic reform program. More here: https://t.co/zsMzCe2szY #IMFAfrica…

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