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Emmanuel Dogbevi

Japan Airlines to file for bankruptcy

Japan Airlines, a once-venerable flag carrier now crippled by massive debts, was expected to file for bankruptcy protection Tuesday in one of the country’s biggest corporate failures in decades. Asia’s biggest airline is set to keep flying with billions of dollars in new official aid, but Japan’s centre-left government has …

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Kraft, Cadbury said to be close to $19b friendly deal

U.S.-based Kraft Foods Inc and Britain’s Cadbury Plc are close to sealing a friendly deal to create the world’s largest confectionery group for up to 11.7 billion pounds ($19 billion), sources familiar with the matter said on Monday. Cadbury had steadfastly rejected Kraft’s previous 10.5 billion pound hostile takeover bid …

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Investors are hostage to politics in Ukraine

The Orange Revolution of 2004 was supposed to usher in new hope for Ukraine. But at the start of 2010, investors are paying more to insure Ukraine’s debt over one year than for any other country, even though default seems virtually impossible with just $400 million of foreign debt falling …

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Researchers find 'least known' bird in Afghanistan

Researchers have found in Afghanistan the first known breeding area of the large-billed reed warbler, which was dubbed in 2007 as “the world’s least known bird species.” Researchers for the Wildlife Conservation Society and Sweden’s Gothenburg University said they had found the breeding area in the remote and rugged Wakhan …

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ProCredit opens first SME Clients’ Business Centre

The management of ProCredit, a microfinance company, on Monday opened a Small and Medium Scale Enterprises (SMEs) Clients’ Business Centre to provide specialized solutions to the demands of players within the sector. The Centre, being manned by staff trained specifically to handle the issues of customers, would operate on client-manager …

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KMA to sponsor five teachers in ICT training in Israel

Mr Samuel Sarpong, Kumasi Metropolitan Chief Executive, has announced the Assembly’s decision to sponsor the training of five teachers in Information Communication Technology (ICT) in Israel. This followed the selection of 18 Junior and Senior High Schools in Nhyiaeso, Oforikrom and Bantama sub-Metropolitan areas to benefit form Internet facilities under …

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Bank of Ghana donates GH¢5,000 to Weija Leprosarium

The Bank of Ghana has made a donation of GH¢5,000 to Lepers Aid Committee, the central bank has said in a press statement copied to ghanabusinessnews.com. The amount will go to support the inmates of the Weija Leprosarium. The presentation was made by the governor, Mr. Kwesi Bekoe Amissah-Arthur who …

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Chinese investors to buy palm oil from Ghana

The Ajumako-Enyan-Essiam District is currently negotiating with some Chinese investors to establish a permanent oil market to purchase palm oil produced in the District. This follows the reactivation of the Onwane Oil Palm factory which is now in active production. The District Chief Executive (DCE), Mr Peter Light Koomson, made …

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Why Ghana’s business environment for 2010 will be stable

The business environment in Ghana is expected to be stable in 2010, a report by a research firm, Companies and Markets has said. The first quarter report on Ghana says the economy will be stable and there will be GDP growth based on some factors, despite investor discomfort following the …

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Ghana's Afari-Gyan leads Nigeria elections committee

The Chairman of Ghana’s Electoral Commission, Dr. Kwadwo Afari-Gyan has been appointed to head a 10-member committee of experts to advice Nigeria on elections. A Nigerian publication, ThisDay reports that the Federal Government of Nigeria had commissioned the experts from Ghana, the UK, US and South Africa to advise on …

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