Author: Benjamin Aklama
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GACL wins ‘Best ERM Compliant Institution’ title at IAA’s annual awards
The Ghana Airports Company Limited (GACL) has been named the “Winner” of the “Best Enterprise Risk Management (ERM) Compliant Institution” in the State-Owned Enterprises (SOEs) category at the Internal Audit Agency’s (IAA) Annual Awards ceremony. The award was presented to the GACL at the 2023 Internal Audit Conference held at the University of Professional Studies…
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African Union to launch regional credit rating agency in 2024
The African Union (AU) has announced plans to establish a new African credit rating agency in 2024. This initiative aims to address the AU’s concerns regarding what it perceives as biased assessments of countries on the continent by major global rating agencies, namely Moody’s, Fitch, and S&P Global Ratings. Misheck Mutize, the lead expert for…
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New study reveals alarming food access disparity affecting 650 million Africans
In a stark revelation, the 2022 Africa Agriculture Status Report (AASR23) has brought to light a dire situation where approximately 650 million people, constituting 50 percent of Africa’s population, lack adequate economic or physical access to food. This significant disparity in food access has raised serious concerns and highlights the urgent need to address challenges…
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Genius IT Foundation achieves STEM.org accreditation
In a step toward promoting STEM education across Africa, Genius IT Foundation proudly announces its accreditation from STEM.org, signifying the organization’s dedication to delivering exceptional STEM educational experiences. The STEM.org Accredited™ Trustmark serves as a powerful symbol of excellence and quality assurance, reinforcing Genius IT Foundation’s mission to provide top-notch STEM education to students, educators,…
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African leaders emphasize in-continent processing of mineral wealth at climate summit
At the recently concluded African Climate Summit in Nairobi, Kenya, African leaders were united in their call for the processing of Africa’s extensive mineral wealth to occur within the continent. They emphasized that “decarbonizing the global economy is also an opportunity to contribute to equality and shared prosperity.” Despite Africa’s rich deposit of critical minerals,…
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Indian investors commit $14 billion to Nigeria, to strengthen several Nigerian sectors
Indian investors commit $14 billion to Nigeria, to strengthen several Nigerian sectors According to the Nigerian presidential spokesperson on Wednesday, Nigeria has received offers of about $14 billion from Indian investors and is seeking to sign an economic cooperation agreement with the South Asian country. Ajuri Ngelale, a spokeswoman, said in a statement that India’s…
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Secured loans in Q2 2023 surge to ¢5.9 billion, a 15.5% year-on-year increase
In the second quarter of 2023, the total value of secured loans granted and registered by banks and Specialized Deposit-Taking Institutions in Ghana reached an estimated ¢5.9 billion. This marked a substantial growth of 15.5% compared to the previous year. Meanwhile, Specialized Deposit-Taking Institutions reported a total of ¢971.1 million in secured loans, representing a…
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Ghana Stock Exchange shows robust performance with notable gains in key equities
The Ghana Stock Exchange (GSE) experienced a strong trading session on September 6, 2023, characterized by significant gains in essential equities and a surge in trading activity. This surge in investor participation and increased volume is instilling confidence in the Ghanaian stock market. Out of the 14 GSE-listed equities involved in the trading, optimism prevailed…
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Apple says iPhone and iPad apps will show up on the vision OS App Store from the get-go
While Apple’s famed Vision Pro headset is not available for purchase, the company is making sure that users get plenty of apps to use when they finally get it. The company said today that iPhone and iPad apps will show up on the visionOS’ App Store on the launch day. This means developers won’t have to do…
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China launches $41 billion fund to accelerate semiconductor industry
China is taking significant steps to bolster its semiconductor industry with the launch of a colossal $41 billion fund. This initiative, announced by the China Integrated Circuit Industry Investment Fund, commonly known as the “Big Fund,” marks the largest of three funds introduced by the country. It comes as the United States tightens restrictions on…