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Early Christmas for Ghana Stock Exchange as Market Capitalisation Crosses GH¢100 billion Mark

Early Christmas for Ghana Stock Exchange as Market Capitalisation Crosses GH¢100 billion Mark

The Ghana Stock Exchange (GSE) has kicked off November with a spectacular rally, setting the stage for what market watchers are calling an “early Christmas.” A surprising surge in blue-chip stocks has fueled this exceptional

Business
MTN Ghana bags ₵12.7bn service revenue despite economic headwinds

MTN Ghana bags ₵12.7bn service revenue despite economic headwinds

MTN Ghana reported strong third-quarter financials, contributing GHS 6.1 billion in taxes to the Ghanaian government in the nine months ending September 30, 2024, marking a 49.5% increase in year-on-year tax payments and highlighting the

Business
Nigeria, Morocco, ECOWAS Advance Talks on $26 Billion African Gas Pipeline Project

Nigeria, Morocco, ECOWAS Advance Talks on $26 Billion African Gas Pipeline Project

The federal government, alongside the Economic Community of West African States (ECOWAS), Morocco, and Mauritania, have reaffirmed their commitment to advancing the $26 billion African Atlantic Gas Pipeline project. The announcement was made at the

Business
Ghana expects 2024/25 cocoa production resurgence

Ghana expects 2024/25 cocoa production resurgence

Ghana's cocoa production is expected to rebound in the 2024/25 crop season, buoyed by favourable weather conditions, according to local farmers, officials from regulatory body Cocobod, and buyers. However, challenges such as illegal gold mining,

Business
The Pitch Hub and bp Celebrate graduation of 26 Entrepreneurs from bp Innovation Factory Program

The Pitch Hub and bp Celebrate graduation of 26 Entrepreneurs from bp Innovation Factory Program

The Pitch Hub, in partnership with BP, a leading integrated energy company, has celebrated the graduation of 26 promising young entrepreneurs from the BP Innovation Factory program. This milestone marked the culmination of a three-month

Business
Air Peace Abuja-bound flight turns back mid-air over ‘technical snag

Air Peace Abuja-bound flight turns back mid-air over ‘technical snag

Air Peace, a Nigerian airline, says its flight heading to Abuja from Benin could not continue the trip due to a technical snag the aircraft encountered shortly after takeoff. In a notice on Monday, Ejike

Business
MTN Nigeria to issue N50bn commercial paper to support capital requirements

MTN Nigeria to issue N50bn commercial paper to support capital requirements

MTN Nigeria Communications has announced its intention to raise up to N50 billion through commercial paper issuance. Commercial papers are short-term debt securities typically issued by creditworthy corporations looking to raise funds from the public to

Business
Poor maritime connectivity threatens AfCFTA success, Shippers’ Council warns

Poor maritime connectivity threatens AfCFTA success, Shippers’ Council warns

The Nigerian Shippers’ Council (NSC) has lamented that poor connectivity within Africa is responsible for the rerouting of goods through Europe, which drives up shipping costs and makes trade expensive in the region. The Executive

Business
Dollar soars, bitcoin hits record, stocks swing as Trump win seen

Dollar soars, bitcoin hits record, stocks swing as Trump win seen

The dollar surged and bitcoin hit a record high Wednesday as traders bet on a victory for Donald Trump as he picked up key swing states needed to take the White House, ramping up bets

Business
FG sets Jan 2025 for operationalisation of $5bn African Energy Bank

FG sets Jan 2025 for operationalisation of $5bn African Energy Bank

Nigeria’s Federal Government has set January 28, 2025, as the deadline for the operationalisation of the $5 billion African Energy Bank (AEB), which will be domiciled in Abuja. This was disclosed by the Permanent Secretary,