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Malaysia Backs Ghana’s Bid to Lead Africa in Palm Oil Production

Malaysia Backs Ghana’s Bid to Lead Africa in Palm Oil Production

The Malaysia Palm Oil Council (MPOC) has pledged to support Ghana’s ambition to become Africa’s top palm oil producer. In a meeting organised by the Malaysian High Commission in Ghana, representatives from both countries discussed

Business
Japan Motors launches locally assembled Geely Vehicle Brand in Ghana

Japan Motors launches locally assembled Geely Vehicle Brand in Ghana

Japan Motors Trading Co. Ltd. (JMTC) has launched three “Geely” vehicle models in Ghana. The official unveiling on Wednesday November 6, has been described  “a significant expansion” of Japan Motors’ automotive portfolio in the country.

Business
Africa Must End Dollar-Based Crude Oil Pricing – ARDA President

Africa Must End Dollar-Based Crude Oil Pricing – ARDA President

The African Refiners and Distributors Association (ARDA) has asked 54 African countries to end the dollarization of petroleum products. They asked the African countries to build integrated infrastructure to guarantee energy security that is independent

Business
AngloGold Ashanti Reports Strong Q3 Earnings Surge

AngloGold Ashanti Reports Strong Q3 Earnings Surge

AngloGold Ashanti plc, a global gold mining company with a significant presence across four continents, posted a remarkable $236 million in headline earnings for the third quarter of 2024, marking a significant turnaround from a

Business
Petroleum Service Revenue Hits $301.2 Million in H1 2024; Local Firms Earn $27.5 Million

Petroleum Service Revenue Hits $301.2 Million in H1 2024; Local Firms Earn $27.5 Million

The total value of service recorded for the first half of 2024 in the petroleum upstream sector, according to the 2024 semi-annual report by the Public Interest and Accountability Committee (PIAC), amounted to $301.2 million.

Business
Nigeria’s fiscal deficit surpasses budget projections, reaches 7.6% of GDP

Nigeria’s fiscal deficit surpasses budget projections, reaches 7.6% of GDP

Nigeria’s fiscal deficit continues to swell, with recent figures showing a budget deficit of 7.6% of GDP as of August 2024, outpacing the approved 3.8% target for the year. This was revealed in the personal

Business
Gov’t Prepares to Launch $227.5Mn Tree Crop Project Aimed at Creating 20,000 Jobs

Gov’t Prepares to Launch $227.5Mn Tree Crop Project Aimed at Creating 20,000 Jobs

The government is set to launch a $227.5 million initiative on November 14, 2024, in Accra to boost Ghana’s agricultural sector and create 20,000 jobs. The project focuses on diversifying tree crops, improving productivity, and

Business
China’s import from Nigeria reaches N25.7 trillion by September

China’s import from Nigeria reaches N25.7 trillion by September

China’s imports from Nigeria increased by 36.1 percent year-on-year, reaching an all-time high of $15.1 billion (about N25.7 trillion) between January and September 2024. The Acting Consul General of the Consulate-General of China, Mr Jin

Business
Ghana is 6th most attractive investment destination in Africa in 2024 – Report

Ghana is 6th most attractive investment destination in Africa in 2024 – Report

A 2024 Rand Merchant Bank (RMB) “Where to Invest in Africa” report has revealed that Ghana is ranked 6th in Africa as the most attractive investment country. The report said that Ghana represents a substantial

Business
FG urges investors to tap into Nigeria’s $2bn sugar industry

FG urges investors to tap into Nigeria’s $2bn sugar industry

The federal government has called on local and international investors to tap into the country’s sugar market, estimated at $2 billion. Executive Secretary and CEO of the National Sugar Development Council (NSDC), Kamar Bakrin, who made the