Category: TECHNOLOGY
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Nana Addo visits Huawei’s Executive Briefing Center
As part of his visit to China, Ghanaian President Nana Akufo-Addo visited Huawei’s Executive Briefing Center held talks with Yi Xiang, Senior Vice President of Huawei. During the talks, president Akufo-Addo said, Huawei is now working on many ICT projects that are driving development in Ghana. We look forward to working with Huawei to advance…
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Galaxy Note 9: Ghanaians get special pre-order packages
After a successful unboxing of its most flagship smartphone, Samsung Electronics has announced a special package for Ghanaian customers who will pre-order for the super powerful Galaxy Note9. According to the tech manufacturer, pre-order for the device will begin 17th August till 6th September at all authorized Samsung shops across the country with customers having…
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MTN’s presence boosts stock market’s capital to GH¢65bn
The total value of the Ghana Stock Exchange has reached 65 billion cedis. It follows the successful listing of MTN on the stock market, on Wednesday [September 5, 2018]. As a result, the telecom company has started trading its shares on the Ghana Stock Exchange. MTN concluded its IPO in July which allows the public…
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MTN to list on Ghana’s stock market today
MTN is to list proceeds from its Initial Public Offering (IPO) on the Ghana Stock Exchange later today [September 5, 2018]. The company, in July, concluded its IPO which is to allow it cede thirty-five percent of its operations to the public. The IPO targeted 3.5 billion cedis, but it was able to raise 1.146…
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Gov’t demands good working conditions for Ghanaians in Gulf States
The Employment and Labour Relations Minister, Ignatius Baffour Awuah has announced that government is in the process of putting together a bilateral agreement with countries in the Gulf States to ensure good working conditions of Ghanaian workers in the region. Government in 2017 placed a ban on all employment agencies in the country recruiting Ghanaians to…
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Economy, banking crisis affected MTN IPO performance
Investment banker, Alhaji Mahama Iddrisu has cited the current banking crisis as well as what he describes as wrong timing as basis for MTN’s inability to reach its target for the Initial Public Offering (IPO). Though he qualifies the subscription as satisfactory, Mr. Mahama Iddrisu believes the offer had the potential to have performed better.…
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MTN raises GH¢ 1.146 bn from IPO
MTN has raised a total of 1.146 billion cedis from its Initial Public Offering (IPO). The amount realized from the IPO shows that MTN fell short of its target of 3.47 billion cedis by about 2.3 billion cedis. The telecom company however says the performance is highly commendable considering the volume of the offer. The…
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MTN investors anxious over undisclosed IPO results
Investors who purchased MTN shares are anxious over the seeming delay in announcing the results for the Initial Public Offering. The telecom company concluded its IPO in July 2018 and it is expected to list the proceeds on the Ghana Stock Exchange by September 2018. MTN seeks to raise 3.47 billion cedis from the investing…
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MTN finalizes modalities to pay victims of SBI ‘ponzi scheme’
MTN Ghana has announced that it has finalized modalities for the disbursement of funds to victims of Savannah Brokerage Investment(SBI) limited. This decision was taken after management of the mobile money met with the representatives of the victims of the “Ponzi scheme”, the Ghana Police and the Bank of Ghana. According to a release by…
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MTN begins review of IPO applications
MTN has announced that it has commenced collating shares for its Initial Public Offering (IPO). The telecom company on Friday (August 3, 2018) said in a statement that it is currently reviewing the applications. “Following the closure of the IPO, the applications received are currently being reviewed and collated for allotments to commence,” the statement…