Banks in Ghana wrote off GH¢4.33 billion as bad debt in 2023, a 79.2% reduction over that of 2022. In 2022, the total bad debt was estimated at GH¢20.8 billion. The bad debt was classified...
First Atlantic Bank opens 3rd branch in Kumasi
First Atlantic Bank has opened its third branch in Kumasi, located at the Central...
Egypt Central Bank Devalues Currency by 13% at Dollar Sale
The Egyptian central bank devalued the pound by almost 13 percent at an “exceptional”...
Kenya Airways plans US$690m reorganization
Kenya Airways Ltd., sub-Saharan Africa’s third-largest airline, is planning a 70 billion-shilling ($690 million)...
Facebook buys selfie face-swap app Masquerade
Facebook has bought photo-editing app Masquerade, which lets people change their appearance in real-time....
France’s Axereal picks ADM cocoa manager to head grain trading
French cooperative Axereal has appointed Nicolas Poyade, previously head of Archer Daniels Midland Co's cocoa...
Let’s be aggressive in promoting exports – Economist
The promotion of Ghana’s exports sector should not be left solely on the Ministry...
Old Mutual says to split up, asset management sale eyed
Anglo-South African financial services group Old Mutual Plc said on Friday it would split...
South Africa’s MTN offers $1.5 bln to settle Nigeria fine
South African telecoms firm MTN Group has offered $1.5 billion to settle a much larger...
IEA says oil price may have bottomed as High-Cost Producers cut
Oil prices may have passed their lowest point as shrinking supplies outside OPEC and...
Cedi seen strengthening in coming week
Ghana's cedi is expected to remain flat next week on an expected central bank...