Category: TECHNOLOGY
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Absa Group reports increase in 2018 earnings
Absa Group Limited, one of Africa’s largest financial services providers, reported an increase in revenue and earnings for 2018, a year of almost unprecedented corporate activity as the group repositioned itself for delivery against a new growth strategy as an independent African bank. Normalised headline earnings increased 3% to R16.1 billion compared with 2017 and…
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GNPC’s ‘backstabbing’ stopped Ghanaians from owning 40% of MTN – Yusif Ibrahim
Chief Executive Officer (CEO) of the Dara Salaam Group of Companies, Alhaji Yusif Ibrahim, has stated that but for an act of bad faith by the Ghana National Petroleum Corporation (GNPC), telecommunications giant, MTN would have been 40 percent Ghanaian-owned. Until its recent Initial Public Offering (IPO), MTN was wholly-owned by South African nationals. Speaking…
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Gov’t must enforce strict anti-money laundering cyber rules-Analyst
Some cyber security analysts are calling on government to ensure that there is strict adherence to cyber security and anti-money laundering regulations in the country. The call comes as the European Union has rejected a proposal by the EU Executive Commission to include Ghana and 22 other countries to its dirty money list. Ghana was…
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Vodafone Ghana appoints first Ghanaian CEO
Vodafone Ghana has appointed Mrs. Patricia Obo-Nai as its new Chief Executive Officer (CEO) with effect from 1st April 2019. Patricia is a member of Vodafone Ghana’s Executive Committee and is the first Ghanaian to be appointed CEO of Vodafone Ghana. An Engineer by profession, she comes into her new role with 22 years of…
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Communications Ministry, other parties to sign MoU on MoMo data to Kelni GVG
The Communications Ministry says it has reached an agreement with the Finance Ministry, Bank of Ghana and the National Communications Authority on which aspects of mobile money data will be released to Private Contractor, Kelni GVG. The Communications Ministry last year requested that the BoG released volumes and values of mobile money transactions to Kelni…
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Dubai to contribute US$269 billion to UAE through 5G technology
Dubai to contribute US$269 billion to UAE through 5G technology. Dubai’s aim of rolling out 5G network is to give the region revenue to the tune of 269 billion dollars.I According to tech giant Huawei, the money will rake in over the next ten years. The revenue will also benefit the entire Middle East’s ICT…
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We’re not mandated to list on stock market –Vodafone
Vodafone Ghana says it is not mandated to list on the Ghana Stock Exchange following the acquisition of the 4G license. The company in a statement stressed that the bid documents for the license nor the license condition do not make reference to listing on the bourse hence its decision. The comments is in response…
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Value of Mobile Money transactions grow significantly—BoG report
The latest figures released by the Bank of Ghana (BoG) indicate that the value of mobile money transactions grew significantly in 2018. The data also showed an increase in the number of transactions Ghanaians made on the mobile money platform last year. According to the data, the total value of mobile money transaction from 2017…
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Telecoms Chamber seeks stay of execution over NCA fines
The Electronic Communications Tribunal will next week, give its ruling on a stay of execution filed by the Chamber of Telecommunications. It follows the latter’s dissatisfaction over a fine for failing to provide quality services as required. The Chamber of Telecommunications last week, petitioned the Electronic Communications Tribunal over fines imposed on them by the…
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4 telcos seek redress over NCA fine at Electronic Communications Tribunal
Four telecommunication operators, Airtel-Tigo, Glo, MTN and Vodafone which were fined by the National Communications Authority’s (NCA) for poor service delivery, have decided to seek redress from the Electronic Communications Tribunal. The independent tribunal allows telecos to appeal against decisions or orders made by the regulator, the National Communications Authority (NCA). The four telecos are seeking…