Category: INTERNATIONAL
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Aker Energy appoints Svein Liknes as new CEO
Aker Energy revealed Tuesday that its board of directors has named Svein Jakob Liknes as acting chief executive officer following the decision by Jan Arve Haugan to resign. Liknes’ appointment to acting CEO is effective immediately and will remain in effect “until further notice”, Aker Energy revealed. Liknes was previously Aker Energy’s head of operations.…
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Uber loses licence to operate in London
Uber will not be granted a new licence to operate in London after repeated safety failures, Transport for London (TfL) has said. The regulator said the taxi app was not “fit and proper” as a licence holder, despite having made a number of positive changes to its operations. Uber initially lost its licence in 2017…
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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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WhatsApp and Instagram to undergo a Facebook face-lift
While it’s no secret that Facebook owns both WhatsApp and Instagram – it would seem that the social media giant doesn’t want anyone to forget it. In a move that is all part of Facebook’s attempt to (1) create a clear distinction between Facebook the corporation and Facebook the social media platform and (2) to…
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McDonald’s boss Steve Easterbrook fired after dating employee
McDonald’s has fired its chief executive Steve Easterbrook after he had a relationship with an employee. The US fast-food giant said the relationship was consensual, but Mr Easterbrook had “violated company policy” and shown “poor judgment”. The British businessman, who earned nearly $16m (£12.3m) last year, is due to receive 26 weeks of pay. The…
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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…