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Port charges to increase in July

Tema_Harbour

The Ghana Ports and Harbours Authority is proposing an upward review of some tariffs at the country’s ports in July this year. Vessel handling charges and stevedoring charges will see an upward review of 4percent whiles receipt and delivery charges with regards to imports handling will be increased by 20 percent. This implies that importers will have to pay more ...

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Accra floods hit Ghana’s automobile industry

Some automobile companies located on the Graphic road have joined a long list of businesses severely hit by the latest floods that engulfed parts of Accra this dawn June 4th, 2015. Graphic road is home to most automobile companies in the country. Citi Business News has learnt the matainance yard for example of Toyota has been submerged in water. Cars, ...

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Ten things you need to know about South Africa’s new visa rules

southafrica

South Africa’s controversial new visa regulations kicked in on Monday June 1st,2015. The regulations are part of government’s efforts to reduce child trafficking, but people who oppose it say the new rules will have a negative impact on the tourism industry. For those planning trips abroad, here is a list of what you need to know: 1. Foreigners who want ...

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South African Airlines unfazed by Air Namibia’s return to Ghana

South African Airlines has told Citi Business News it is unfazed by Air Namibia’s moves to recommence operations in Ghana. The High Commissioner of the Republic of Namibia to Ghana Charles Josob earlier confirmed to Citi Business News that Air Namibia will recommence operations in Ghana soon. Charles Josob in an exclusive interview with Citi Business News said the High ...

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South African Airways to fly direct from Accra to Washington

South African Airways (SAA) will from August 2, 2015, introduce direct flights from Accra to Washington DC in the United States. The move, according to the airline’s Executive Africa Hub Projects Manager, Kendy Phohleli, was based on sound business principles as there is demand for passengers wanting to fly from Ghana to the United States directly. Presently, majority of customers in ...

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Finance ministry to clear arrears owed contractors

The Department of Feeder Roads, has told Citi Business News it has taken steps to get the finance ministry to pay monies owed some contractors who were contracted to work on some cocoa roads in the country. The Progressive Contractors Association who worked on some road projects for Cocobod are demanding payment of about 95million dollars owed them for work ...

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Nigeria fuel shortages hit telecom, banking & aviation industry

Chronic fuel shortages in Nigeria brought phone firms, banks and flights to a standstill on Monday, May 26,2015 just four days before Muhammadu Buhari’s inauguration as president of Africa’s biggest economy and top oil exporter. Besides airlines, which could not obtain aviation fuel, phone companies such MTN and domestic banks ground to a halt because the private generators that produce ...

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Mazda and Mitsubishi recall cars over Takata airbags

mazda

Two more Japanese car giants – Mazda and Mitsubishi – are recalling 630,000 vehicles to replace faulty air bag inflators made by Takata. The move comes just days after the car parts maker said it was doubling the number of cars it had recalled to 34 million, affecting 11 carmakers. Mazda is recalling 120,000 vehicles including the Atenza sedan, the ...

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Ghana to ban non sea worthy vessels

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Ghana will soon ban non sea worthy vessels that operate on the country’s territorial waters following the adoption of ‘FlagState Implementation’ which allows for a mandatory audit of all vessels operating in the region. The move is parts of efforts by the Ghana Maritime Authority and the International Maritime Organization (IMO) through the IMO Member state audit scheme to rid ...

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Lufthansa faces more cost-cuts despite profits improvement

Lufthansa

German airline Lufthansa, hit by a series of strikes, has warned that more cost-cutting is needed. The carrier posted a net profit of €425m (£312m; $472m) in the last quarter, up from a €252m loss last year, helped by the falling oil price. But Lufthansa said rising pension and other costs remained a burden, and that pilots’ strikes had cost ...

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