Category archives for: Business

Africa: AGOA Boosts Trade, Supports Shared Growth With Africa

Washington — The African Growth and Opportunity Act (AGOA) has boosted exponentially the United States’ trade with sub-Saharan Africa and remains the “centerpiece” of U.S. economic engagement with the region, according to Assistant Secretary of State for African Affairs Johnnie Carson. Speaking ahead of the annual AGOA forum, scheduled to take place in Washington June […]

Nigeria: Airports – Achieving Safety, Security Through Facility Upgrade

The Federal Government is hoping to use the ongoing restructuring of airport infrastructure to reinforce security at the nation’s airports. It is providing modern, technology based security equipment and training of personnel as part of the pre-emptive security measures in view of the security threats in the country. By the time the rehabilitation and expansion […]

Ghana: Northern smock to be promoted by UN

  The United Nation’s Joint Program on Human Security (UNJHS) has nurtured an innovative idea of promoting, marketing and rebranding the Northern smock for the local and the international markets so as to increase income for weavers and create jobs for the youth. Mr. Kwame Asante, National Programs Coordinator for the United Nations Industrial Development […]

Nigeria: Salvaging Economic Risks Through Insurance

By Rosemary Onuoha   The actions of the Boko Haram sect have led to economic paralysis in some Northern states of the country. However, experts are of the opinion that collaboration between the government and the insurance industry can salvage the situation. As terrorism daily assumes a widening dimension, international reinsurance companies no longer extend […]

Africa: Sambo Wants 40 Percent of Islamic Bank Budget for Africa’s Devt

Vice-President Namadi Sambo on Monday in Khartoum urged the Islamic Development Bank (IDB) to assist in developing Africa. He challenged the bank to set aside 40 per cent of its operational budget for the implementation of the second phase of its Special Program for the Development of Africa (SPDA-II). Sambo gave the charge in a […]

Kenya: New NHIF Plan to Ease Pressure At Referral Hospitals

By Catherine Karongo Kenyans should be prepared to pay more for medical insurance starting from the first of May after the High Court threw out a petition by the Central … ( Resource: Kenya: New Medical Insurance Rates Nairobi, Kenya — A new scheme by the National Hospital Insurance Fund (NHIF) is set to streamline […]

Nigeria: Cashless Lagos – Penalty on Cash Limits Starts Today

By Chima Akwaja and Anthony Uko Starting today, banks in the nation’s commercial nerve center, Lagos State, would start charging penalty from customers who withdraw or deposit cash above the limits stipulated by the Central Bank of Nigeria (CBN) in the Cashless Economy System. This is as the CBN and the Electronic Payment Providers Association […]

Ministers Launch Appeal for Strong Support of West Africa Industrial Policy

Lome – Togo — Ministers in charge of Industry in the ECOWAS region ended a one-day Symposium in Lome, Togo, on Friday 30th March 2012, by launching a special appeal to regional financial banks and institutions, technical and financial partners, the private sector and Member States, to support the speedy implementation of the West Africa […]

US-Ghana bilateral trade rises 56% to $1.9b in 2011 – White House

The total value of trade between the United States and Ghana recorded a significant growth of 56% over the 2010 figures to $1.9 billion in 2011, according to a White House fact sheet obtained by ghanabusinessnews.com March 9, 2012. The fact sheet indicated that US exports to Ghana were valued at $1.2 billion in 2011, […]

Vodafone Ghana Unveils Largest Wi-Fi Zone in Ghana

Vodafone Ghana has launched the largest Wi-Fi zone in the country at the Ghana Hostels on the University of Ghana campus. This is the largest internet access point in the country with the capacity to serve over 5,000 students at any given time. Students on campus can now connect and access Vodafone’s internet service through […]

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