Africa Opens its Doors to the World

Durban, South Africa. By Thomas Okbo 2018-08-12 01:55:12 A diverse continent with more than 50 different countries, Africa is blessed with vast natural resources – offshore oil and gas reserves, precious metals and diamonds, iron ore, cocoa, timber and more. That wealth of resources, coupled with an increasingly skilled workforce, key trade hubs and growing […]

African countries take fight to corruption

South Africa is not the only African country with a power utility compromised by dubious business links to Dubai. It has Ghana for company.Even as President Cyril Ramaphosa was shuffling his Cabinet to replace the minister of Energy, his Ghanaian counterpart, Nana Addo Dankwa Akufo-Addo, was pondering his options. He finally fired Minister of Energy […]

AfDB plans to help Nigeria fund its $3 Trillion infrastructure deficit

According to a projection made by the African Development Bank (AfDB), Nigeria’s infrastructure financing needs “will grow to $3 trillion in the next 26 years.” This projection was made in Abuja on Tuesday, July 10th, 2018 during the Africa Investment Forum (AIF) roadshow organized by the Bank. Thus, AfDB plans to help Nigeria bridge its infrastructure gap. The […]

10 African startups for Zambezi prize – BusinessGhana News

MIT Legatum Center and Mastercard Foundation Select 10 African Startups as Finalists of the 2018 Zambezi Prize for Innovation in Financial Inclusion Grand Prize Winner and Runners-Up will be announced during the Open Mic Africa Summit in Nairobi on August 29th, 2018 The Legatum Center for Development and Entrepreneurship (Legatum.MIT.edu) at the Massachusetts Institute of […]

MTN sees H1 revenue increase but Iran issues send profits tumbling

MTN Group has seen its H1 net profit drop by 5% year-on-year despite growth in several of its African markets, including Ghana, Nigeria and South Africa. The group’s total revenue stood at ZAR62.7 billion (US$4.65 billion), with its profit for the first half down to ZAR4.9 billion ($366 million). Profit from its 49% holding in […]

We checked MTN H1 report and here’s how Nigeria performed – Finance

  MTN Group recorded an improved financial report for the first half of 2018. The financial perfomance was led by Nigeria, Ghana and South African markets. Frequent internet shut down and stiff competition affected MTN market in Cameroon and Ivory Coast. African telecommunication giant, MTN Group, has recorded an improved financial report for the first […]

UNODC identifies Ghana as main trafficking and origin point for cannabis

Ghana has emerged as the main origin, transit and departure point for cannabis in Africa, according to the United Nations Office on Drug and Crime (UNODC). The UNODC has cited Ghana together with three other countries; Nigeria, Swaziland and Mozambique, as the main trafficking and origin point of cannabis in Africa. According to the 2018 […]

MTN Nigeria data revenue up 63.7%

Data is powering MTN Nigeria’s revenues to new highs in the country even as … The MTN half year report also shows that the company is increasingly … markets which were led by Nigeria, Ghana and South Africa,” Shuter said. … revenue declined as a result of further optimisation of its VAS business.