BUSINESS SPECIAL

Chinese Gold Miner Cardinal Namdini Mining Limited Plans to Construct Airport in Ghana’s Upper East Region

Chinese mining company, Cardinal Namdini Mining Limited, a subsidiary of Shandong Gold, has announced plans to construct an airport in northern Ghana’s Upper East Region. The airport will serve the region and support the company’s gold mining operations. Initially, Cardinal Namdini had proposed building an airstrip exclusively for its own …

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World Bank Urges Urgent Action in Africa to Avoid a Lost Decade of Growth

  In a recent report, the World Bank has sounded the alarm for Sub-Saharan Africa, highlighting the pressing need for stability, economic growth, and job creation to prevent what could become a ‘lost decade’ for the continent. The report, titled “Africa’s Pulse,” paints a somber picture of the region’s economic …

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Lemonade Finance presents John Dumelo in “For Mama”

Lemonade Finance presents John Dumelo in “For Mama”

Lemonade Finance is a cross-border payment solution that enables Africans in the Diaspora to send money to Ghana and other African countries. The App is available on the iOS and Google Play Store.   On October 14th, 2022, Lemonade Finance announced John Dumelo, a veteran actor and entrepreneur alongside Deloris …

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Lemonade Finance presents Delay in “Wo si woyε musician?”

Lemonade Finance presents Delay in “Wo si woyε musician?”

Lemonade Finance is a cross-border payment solution that enables Africans in the Diaspora to send money to Ghana and other African countries. The App is available on the iOS and Google Play Store.   On October 14th, 2022, Lemonade Finance announced seasoned media personality and serial entrepreneur Deloris Frimpong Manso …

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Cedi Records 18.21% Depreciation To Dollar In Quarter 1; Ranked Among “Worst Spot Returns – Bloomberg

Cedi and Dollar

The cedi recorded an 18.21% rate of depreciation to the US dollar in the first quarter of 2022, according to Bloomberg. This still ranked the local currency as the worst among African currencies with the “Worst Spot Returns”. However, for the timely intervention by the Bank of Ghana, the situation …

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New Sachet Water Prices Takes Effect Today

Women selling sachet water

Sachet water price is expected to increase from today, April 1. According to the National Association of Sachet and Packaged Water Producers (NASPAWAP), the new price of packaged water is informed by the increasing cost of raw materials and fuel and the cedi’s depreciation. Barring any hitches, a water sachet …

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GPRTU Set To Increase Transport By 20% After Engaging Government

GPRTU Set To Increase Transport Fares

The Ghana Private Road Transport Union (GPRTU) has revealed that it hopes to adjust transportation fares upwards by 20%. According to the Union, the decision will be finalised after it engages government on its proposal. The Union argues that the adjustment has become necessary following the significant increase in fuel …

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10 African Countries With The Highest Petrol Prices As Of March 2022

10 African Countries With The Highest Petrol Prices As Of March 2022

From Nigeria to Uganda down to Zimbabwe, petrol prices are soaring. This is a major problem that has been exacerbated by a number of factors, including the increasing scarcity of the commodity. In Africa’s most populous country Nigeria, petrol has been scarce for nearly one month. An earlier report by Business …

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Nzuri Cosmetics : From  A Vision To A Million Dollar Cosmetics Brand Breaking Grounds In Africa

Nzuri cosmetics

From  A Vision To A Million Dollar Cosmetics Brand Breaking Grounds In Africa Nzuri Cosmetics is a leading privately owned Cosmetics company in Ghana established in 2018. The Brand’s sole aim is to take over the cosmetics industry in Africa through innovative products. One of the outstanding pillars of the …

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