Category: Africa
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Ghana places second globally in countries with most women entrepreneurs
Ghana has placed second in the global ranking of countries with most women entrepreneurs according to the latest Mastercard Index of Women Entrepreneurs (MIWE). The annual Mastercard Index of Women Entrepreneurs (MIWE) which provides insights into the progress and achievements of women in business found that nearly 4 out of every 10 business owners in…
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Nigerian entrepreneur wins maiden Netpreneur award organized in Ghana
A Nigerian Entrepreneur has won the maiden annual Africa Netpreneur Prize Initiative organized by the Jack Ma Foundation in Accra. Temie Giwa-Tubosun, the founder and CEO, LifeBank from Nigeria won $250,000 while Omar Sakr, founder and CEO, Nawah-Scientific from Egypt placed second with a cash reward of $150,000 Christelle Kwizera, founder, Water Access Rwanda from…
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West African CFA-Franc nations plan to move reserves from France
Francophone nations in West Africa want more control over the management of their currency and plan to move some reserves from France, said Beninese President Patrice Talon. The eight-member nations of the West African Monetary Union “unanimously agree” on ending a decade-old model whereby their foreign-exchange accumulation is kept at the French Treasury, Talon said…
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Allow Ghanaian traders stuck in Nigeria to move out — GUTA
In relation to the recent extension of the border closure by Nigeria to the end of January 2020, The President of Ghana Union of Traders Association (GUTA) Dr. Joseph Obeng is calling on Nigerian authorities to allow Ghanaian traders stuck inside Nigeria to leave with their products back to Ghana. The extension which was approved…
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MTN reveals revenue growth despite drop in subscribers
On Thursday, 31 October 2019, MTN South Africa published its trading update showing mixed results for the last nine months, ending 31 September 2019. The mobile network provider indicated that although there has been a slight growth in service revenue (of 9.6%), there has also been a small drop in subscribers (of 0.3 million). “Service…
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New report attributes rising e-commerce to expanding middle-class, tech savvy young people
A new report on Ghana’s retail industry has shown a steady rise in the volume of e-commerce transactions, thanks to an expanding middle class, the proliferation of smartphones and tech-savvy young people. The report titled “Digitize or Die” warned that only retailers who can keep up with digital trends and understand the changing lifestyles and…
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GUTA seeks inclusion in engagements to resolve Nigeria border closure
The Ghana Union of Traders’ Association (GUTA) says it wants to be part of ongoing stakeholder engagements between the Ghanaian and the Nigerian governments over the closure of the Nigerian border it shares with Benin. According to the group, they believe this will be the best solution to amicable and peaceful trade relations among the…
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Dedicated funding for cyber-security in Africa needed
A dedicated source of funding is needed to boost cyber security in Africa, stakeholders speaking at the 2019 Ghana National Cyber Security Awareness Forum have said. According to them, a permanent and sufficient funding needs to be secured to combat the rise in cyber-crime across the world. They shared the comments at the 2019 National…
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![[Article] Winning Women of Wine](https://citibusinessnews.com/wp-content/uploads/2019/10/red-wine-toast.jpg)
[Article] Winning Women of Wine
The atrocities that women face in their daily lives especially in the world of work have been well documented. According to the United Nations Development Programme (UNDP), in 2014, Africa ‘lost’ up to $105 billion from gender gaps in labour markets alone, almost 6% of all production. From sexual harassment, intimidation, to sheer humiliation, the…
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2019 Africa Investment Forum: African Development Bank, partners gear up for new heights
In just a few weeks, the second edition of the annual Africa Investment Forum will kick off in Johannesburg, South Africa, with development finance institutions determined to tackle the continent’s infrastructure investment challenges and advance Africa’s economic transformation agenda. Africa Investment Forum 2018 broke the mold for regional investments and offered lessons about what can…