Algae hampers fishing in Ellembelle

Fisher folks in the Ellembelle District and environs have expressed worry over the presence of algae which have taken over the sea for the past 8 months. The situation has stagnated economic activities of fishermen in the area as they find…

Pirated textiles targeted for destruction

Mr Abraham Koomson, General Secretary of the Textile Workers Union, announced on Thursday that the textiles companies in collaboration with the security agencies have stepped up the network to arrest and destroy all pirated fabrics. "As a…

Asante Akim South to fight cocoa smuggling

The Asante Akim South District Assembly is to roll out a programme to monitor activities of cocoa purchasing companies without depots in the district as the new cocoa season approaches. The move is to check the transportation of cocoa…

Kenyan banks set to merge by 2012

Kenyan banks are set for consolidation to meet a deadline to boost minimum core capital and cut costs in a lower interest rate environment. Although banks are on course for good profit growth this year as evinced by first-half results,…

Kidnapped Nigeria children freed

A group of 15 children kidnapped in south-eastern Nigeria earlier this week has been released, say police. They were rescued by security forces from a forest hideout, Commissioner Jonathan Johnson told the BBC. Armed men had seized the…

Gold prices rise to near lifetime high

Gold ticked up on Friday and held near of a lifetime high, but improving U.S. and China data, which suggested growing global economic strength, could curb gains. China's manufacturing sector gathered momentum in September, handily beating…

Oil companies quit Iran

Four major energy companies are pulling out of Iran in order to comply with US sanctions, the state department says. Royal Dutch Shell, Total, Statoil and Italy ENI will now avoid US penalties targeting companies which do business with…