Business

Transforming the African insurance sector through digital innovations

Innovation through technology has been a major driver of transformation in financial sectors across the world. In the last couple of decades, technology has been transforming the African insurance industry albeit at a slower pace compared to other industries such as banking and retail.Within the insurance industry, the transformation has been prevalent, mainly in internal process automation to drive efficiencies …

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China’s Ant explores ways for Jack Ma to exit as Beijing piles pressure

Jack Ma

Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signaled to the company that the move could help draw a line under Beijing’s scrutiny of its business, according to a source familiar with regulators’ thinking and two people with close ties to …

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Africa World Airlines seeks to take over the Ghanaian Skies

Africa World Airlines (AWA) is a privately owned airline incorporated on the 15th of November 2010 in Ghana. It commenced its first revenue flight on the 21st of September 2012. The airline has consistently seen growth in both frequencies of flights and route network making it profitable. This is a great achievement for an airline that has been operating for …

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Gambia Real Estate Mogul Mustapha Njie to build 1 million homes in Africa

Mustapha Njie is a Gambian real estate mogul, with over 30 years proven experience in real estate. He is the founder and CEO of TAF Africa Global, a pan African real estate company that has built homes across eight African countries with dominance in Nigeria and The Gambia. Growing up from a small and humble background, Njie Founded Taf Africa …

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Nigerian banks block MTN from banking channels

Nigerian banks have blocked MTN from their banking channels following a feud over fees charged for the service. MTN had reduced the banks’ commission from an average of 3.5 per cent to 2.5 per cent using USSD for banking services. The feud has left millions of subscribers unable to recharge their phones using the USSD services on MTN lines on …

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Ghana and Côte d’Ivoire to collaborate on Cocoa security

Ghana and Côte d’Ivoire have agreed to form a joint committee to find a lasting solution to security challenges faced by cocoa farmers along the southern parts of the shared border of the two countries.Ghanaian cocoa farmers who farm across the Tano river are often accosted by irregular Ivorian Para-military forces when they are ferrying their harvest inland. Cocoa farmers …

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Ngozi Okonjo-Iweala is the first African and Woman WTO Director-General

WTO members made history today (15 February) when the General Council agreed by consensus to select Ngozi Okonjo-Iweala of Nigeria as the organization’s seventh Director-General. When she takes office on 1 March, Dr Okonjo-Iweala will become the first woman and the first African to be chosen as Director-General. Her term, renewable, will expire on 31 August 2025.  Dr. Okonjo-Iweala “This is …

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Israel’s tech envoys in Ghana and Colombia ready for post-Covid world

The Covid-19 pandemic has forced the Foreign Trade Administrations (FTA) at the Israeli Ministry of Economy and Industry, and its economic attachés across the globe to completely rethink their role in the world of economic diplomacy. While facing an unprecedented financial crisis and a fog of uncertainty, the attachés discovered that many of their previous strategic tools became almost irrelevant. …

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Here are 20 of Africa’s best countries to do business

The World Bank Group has a major flagship publication which it publishes every year called the Doing Business report. The 2020 publication is the 17th in a series of annual studies measuring the regulations that enhance business activity and those that constrain it. Doing Business, according to World Bank “presents quantitative indicators on business regulations and the protection of property rights that can be …

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AfCFTA will be a game-changer for African countries – Nana Addo

President Akufo-Addo says the African Continental Free Trade Area (AfCFTA), will help African countries revive their economies after the devastating effects of the coronavirus pandemic. He believes trade among African countries will be a game-changer due to the implementation of the agreement. Speaking at the first African Continental Free Trade Area start trading webinar, President Akufo-Addo said, Africa is poised for …

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