Author: citibusinessnews
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UMB Prominence Club holds first seminar
The Private Banking unit of Universal Merchant Bank (UMB), also known as the Prominence Club, has organized its first seminar of 2016 on the topic, “Re-Thinking Performance”. The symposium which was conducted in partnership with IBS Consulting Alliance, is part of UMB’s quarterly seminar series aimed at discussing relevant topics that will enhance the businesses…
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Banking services resume at cedi house
Normal operations at the cedi house have resumed. Business activities was put on hold last week following a disruption to electric power supply. [contextly_sidebar id=”ErQCuPSGWe2qi0dO0ttzg3gHLgzI0L54″]A statement from the Bank of Ghana however said the banking business at the cedi house will resume today 21st March, 2016. ‘The Bank of Ghana wishes to announce for the…
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Kenya’s KCB eyes mid-sized banks but not Barclays Africa
NAIROBI (Reuters) – Kenya’s KCB Group is looking at medium-sized lenders to buy as part of an expansion plan and is building up capital to boost its acquisition war chest, the chief executive of country’s biggest bank by assets said on Friday. With 43 commercial banks, executives say, Kenya’s banking industry is ripe for consolidation that…
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Nigerian oil prices will pick up significantly – Minister of State, Petroleum Resources
Nigeria’s Minister of State, Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation, Emmanuel Kachikwu, is optimistic about the short-term rise in oil prices saying it will pick up significantly. Speaking to CNBC Africa at the 6th African Petroleum congress and exhibition, Kachikwu, says that Nigeria needs to reorganise its administrative systems…
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We’re not sabotaging Spio Garbrah – MP
Member of Parliament for Banda in the Brong Ahafo Region, Ahmed Ibrahim, says it would be wrong for anyone to think that parliamentarians opposed to the ban placed on the exportation of cashew nuts from the country, are only seeking to sabotage the Trade Minister, Dr. Ekow Spio Garbrah. The Ministry placed the ban on cashew…
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Trade Ministry withdraws ban on cashew exportation
The Ministry of Trade has withdrawn the ban on exportation of raw cashew nuts in the country. This follows the massive public outcry that met the earlier directive. Members of Parliament on Thursday criticized the sector Minister, Dr. Ekow Spio-Garbrah, for issuing the directive and threatened to trigger the necessary legislative instruments to have it withdrawn if…
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Canada to help Ghana establish Exim Bank
Finance Minister Seth Tekper says Canada is willing to help Ghana establish an export-import bank, commonly known as an EXIM bank that will help facilitate trade between Ghana and other developed countries. Ghana has been relying on Canada and other developed nations for more than three decades for foreign aid. Speaking in an interview in…
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Gbevlo-Lartey quits Expresso, heads to Africa Union
Lieutenant Colonel (Rtd) Larry Gbevlo-Lartey has parted ways with telecom operator, Expresso, after serving as CEO there for close to two years. The move follows his appointment as Special Representative in charge of Counter Terrorism Cooperation and, the Director of the Algiers based African Centre for the Study and Research on Terrorism (ACSRT) by the…
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Tigo Cash records phenomenal growth for 2015
Telecommunication Company, Tigo, has recorded a quintuple-digit growth in total transactions for its mobile money solution, Tigo cash between 2014 and 2015. Total transactions for the period increased from an estimated 7.9 million to over 35 million. Tigo attributed the massive increase to what it referred to as, “continuous investment in product enhancement and empowerment of…
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Labour expert warns petroleum workers against strike
Labour expert, Mr. Austin Gamey has advised leaders of the Ghana Transport, Petroleum and Chemical Workers Union to use the Labour Commission to address their grievances and not resort to strike. This follows threats issued by the union to go on strike if government does not resolve issues of salary disparities between local and expatriate…