Author: citibusinessnews
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SA companies not pulling out of Africa amid xeno threats
SA mining companies in Zimbabwe and several other Africa operations have not been targeted by the wave of retaliatory action over the recent xenophobic attacks in Durban and Johannesburg. [contextly_sidebar id=”YejPiS26QQmkkXMrnuWuWfiEWO4AcgKM”]Officials and sources at most mining companies in Zimbabwe and executives from the chamber of mines said as of Monday, no retaliation action had been…
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Big shots in HFC bank sell shares
Citi Business News has gathered some major individual shareholders of HFC bank have begun selling off their shares in the bank. [contextly_sidebar id=”aYkxMJlSVe1TR0xUi78L3PG2Og1u3aev”]As at March this year at least four significant individual shareholders of the bank had sold some substantial amount of their shares in the bank. HFC bank, made up of both institutional and…
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Call your people to order, Spio Gabrah warns South Africa
Minister of Trade and Industry Dr. Ekow Spio-Garbrah has called on South Africa to call its citizen to order following recent xenophobic attacks there. [contextly_sidebar id=”wyni4GkNEgpvlvgOysclgtcIyzuKKL8L”]Some Ghanaian businesses have been forced to halt operations in areas affected by the attacks. Already the likes of Nigeria have warned they will shut down South African businesses in…
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Ghana /SA biz chamber rubbishes calls to sack SA businesses
The Ghana South African Business Chamber says it will not be prudent economically to ask South African businesses in Ghana to close down as a form of retaliation following ongoing xenophobic attacks in South Africa. [contextly_sidebar id=”2IIXVICQAhHwr14lX0JuQuaUCvAjnhbf”]Nigeria earlier this week threatened to shut down South African businesses in Nigeria if South Africa does not cal…
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BOST workers fight management over new directive
More than 100 workers of the Bulk Oil Storage and Transportation Company Ltd (BOST) have been directed to reapply for their various posts as part of ongoing restructuring of the company’s operations. On December 2, 2014, management directed workers at BOST head office to re -apply for up to three different portfolios. But the Senior…
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Tigo appoints Chief Technical and Information Officer
Tigo has appointed Ron Reddick as its new Chief Technical and Information Officer (CTIO). [contextly_sidebar id=”qY1W2yltkGN8nTDxTpf82lGnu9Gp7DGU”]Ron joins Tigo from Equitel, a startup that he was managing in Kenya. He was previously the Chief Technical Officer (CTO) of Cell C of South Africa, where he led the brand to re-launch and reposition as a 3G data…
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HFC bank MD part ways with the bank
Citi Business News has learnt the Managing Director of HFC Bank Asare Akuffo will part ways with the bank on the 24th of April, 2015. [contextly_sidebar id=”dZtJ4Cg1ERwjcrPAls4xGF0rF53GfjWl”]This is a day after the much anticipated Annual General Meeting (AGM) of the bank which has been scheduled for the 23rd of April, 2015. Sources familiar with the…
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Local airlines resume flights to Tamale
Local airlines have resumed flights to Tamale after halting operations there over poor weather conditions. [contextly_sidebar id=”HTFSrDnezqknSrCQslX8nsZ7d82TcYNG”]Flights to the Tamale were cancelled on Tuesday 14th April, 2015 and Wednesday 15th April, 2015 by local airlines due to the weather. Chief Executive Officer of one of the local airlines that is Starbow Airlines James Eric Antwi…
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Ghanaians takeover luxury housing industry
It has emerged more Ghanaians own most of the luxury houses and apartments that are springing up in Accra contrary to reports that they are mostly owned by foreigners [contextly_sidebar id=”S9hbXfgfTCTgiPKfay17PRYE75GkJgiR”]Despite a high national deficit in housing Accra appears to be home to a number of luxurious houses and apartments a trend that has seen…
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Miners threaten to withdraw services to mining companies
The Ghana Mineworkers Union (GMWU) has threatened to withdraw its services to all mining companies in the country if Newmont Ghana fails to redraw armed police and military men at its Akyem and Ahafo mines. [contextly_sidebar id=”UPBJMeC78dwmoEUmKqjwQQtP7EbACiBp”]Citi Business News has learnt Newmont Ghana on Wednesday, 14th April, 2015 reinforced its security at its Ahafo mines…