Author: citibusinessnews
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RMG Ghana’s Living Fields Agrichallenge premieres on Citi TV on March 12
The Livingfields AgriChallenge is set to premiere on Citi TV and DStv channel 363 on 12th March 2020. The agricultural reality show will be on Citi TV on Thursdays at 7:30 pm. Livingfields AgriChallenge is a graduate in farming initiative by RMG Ghana Ltd. The program is a corporate social responsibility endeavor that aims to…
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Customer Development – a Founder Institute Mentoring Session notes, for start-ups.
A few weeks ago, I had the opportunity to be part of a mentoring session with a Founder Institute cohort at the Stanbic Bank Incubator in Accra. It was good, very good. Joining us were Foster Awintiti Akugri, the Stanbic Bank Incubator Manager & Founder of Hacklab Foundation, and Kamil Nabong, the CEO at Hub…
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Oil price drop by about 30%; lowest in 4-years as Saudi-Russia ‘crude war’ escalates
Oil prices saw its lowest drop since 1991 on Monday, March 9, 2020, after Saudi Arabia started a price war with Russia by slashing its selling prices and pledging to unleash its pent-up supply onto a market reeling from falling demand because of the coronavirus outbreak. Prior to this huge slash, crude prices had been…
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Customers of defunct fund managers issue 2-week ultimatum over locked up cash
The members of the Coalition of Aggrieved Customers of the defunct 53 Fund Management Companies are calling on government to commence payment of their locked up funds before March 24, 2020. According to the group, the government has sidelined customers of the collapsed fund management companies in the payment of depositors monies following the financial…
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Telcos commend BoG’s efforts in driving digitalization agenda
The Chief Executive Officer of the Ghana Chamber of Telecommunications, Engineer Ken Ashigbey, says the Payment System Advisory Committee recently inaugurated by the Bank of Ghana will contribute significantly to the government’s digitalization agenda. Speaking on the sidelines of the Committee’s inauguration, Ing. Ashigbey touted the efforts by the central bank to provide a leadership…
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We’re positioned to meet NIC’s new minimum capital requirement – Old Mutual
Chief Financial Officer of Old Mutual Ghana, Clara Amarteifio-Taylor, is confident her outfit will meet the new minimum capital requirement set by the National Insurance Commission (NIC). She gave the assurance that her outfit has put in place realistic measures to meet it even before the June 2021 deadline. The NIC increased the minimum capital…
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Ghana Climate Innovation Centre unveils investor portal to boost funding sources for entrepreneurs
As part of efforts to help Ghanaian entrepreneurs have easy access to funds to expand their businesses, the Ghana Climate Innovation Centre Investor Directory, has launched an online portal that creates an avenue for entrepreneurs to examine a number of investors who may have interest in their businesses. In an interview with Citi Business News,…
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Ghanaian women entrepreneurs honoured at maiden FEM-START Start-up Awards
The maiden edition of the FEM-START Start-up Awards has been held in Accra with a call on young women in Ghana to endeavour to venture into entrepreneurship. Addressing business women during the ceremony, the founder of FEM-START Africa, Marian Spier, said the rationale behind the initiative is to stimulate women entrepreneurship in Ghana to attract…
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Electrical dealers give gov’t 2-weeks to vet operating permits of foreign retailers at Opera Square
The Ghana Electrical Dealers Association (GEDA), is calling on the Presidential Committee on Retail Trade to start vetting the business operating documents of foreigners working as dealers in electrical items at the Opera Square in Accra. The group earlier locked up the shops of foreigners, particularly Nigerians, who they claim were trading without permit business…
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Challenges with FPSO Kwame Nkrumah’s turret bearing fully resolved – Tullow Ghana
The Jubilee Offshore Field Manager in-charge of the FPSO Kwame Nkrumah, Bruce Tait, says challenges with the FPSO’s turret bearing have been completely resolved. He said the problem was fixed with an industry groundbreaking innovation, placing it in a safer location after the damaged bearing was replaced. The Jubilee Offshore Field Manager, who was speaking…