August 2009

Six regions have so far benefited from 904 infrastructure projects, under the sixth European Union (EU) Micro- Project.      The Central Region, which was one of the project beneficiary, had since July 2006 and June 2009 received 180…

History would be made today Thursday, August 27, 2009 in Ghana when about 80 to 90 people gather at the US Embassy in Accra to discuss a book – “Dreams from my father”, by President Barack Obama. The event is the first by the Embassy in…

The Great Lakes region of Africa reveals the continent’s challenges.  I went there recently to seethe effects of the economic crisis, countries coming out of conflict, and integration.  In the Democratic Republic of Congo, I crossed paths…

State-owned China National Offshore Oil Company (CNOOC) has finally declared its interest in buying the 30% stake of Kosmos Energy in Ghana’s Jubilee oil field. Chairman of CNOOC, Fu Chengyu has told the Reuters news service Wednesday…

An Indian company, Escorts Group Ltd., has expressed its intention to start the production of its agricultural machinery in Ghana. According to a report by the Telegraph, an Indian publication, the company plans to enter into a joint…

Tullow Oil Plc, the U.K. explorer with the most licenses in Africa, said tests at a well in Uganda indicate the possibility of a “significant discovery” as it reported a first-half loss on falling production and prices. Full results from…

Sales of new U.S. homes hit their highest level in 10 months in July and orders for long-lasting manufactured goods surged, offering fresh evidence a modest economic recovery was taking shape. The Commerce Department on Wednesday said…

Crude oil fell for a third day on concern China may cut back on industrial investment, slowing demand for fuels in the world’s second-largest energy user. Oil traded below $72 a barrel after China said it was studying curbs on overcapacity…

John Paulson, the hedge fund billionaire who earned an estimated $2.5 billion last year betting against a recovery in the U.S. housing market, said he supports managers of AngloGold Ashanti Ltd. after becoming the South African mining…

The Federal Reserve argued yesterday that identifying the financial institutions that benefited from its emergency loans would harm the companies and render the central bank’s planned appeal of a court ruling moot. The Fed’s board of…