Africa/International

The African Development Bank (AfDB) and the Asian Development Bank (ADB) have signed an agreement which will boost African trade. A statement from the AfDB on June 27, 2011 says the ADB will cooperate and help the AfDB set up a “trade…

The Ministry of Foreign Affairs and Regional Integration will convene a three-day Conference of Heads of Ghana Missions in Accra from Monday, July 4-6. It is on the theme, “Enhancing our Diplomacy for a Better Ghana”. A statement issued…

The African Press Organization (APO), a global leader in media relations related to Africa, on Wednesday opened offices in Mumbai, India, according to a statement received in Accra. The statement noted that India had been actively…

Alcatel Lucent, the Paris-based telecoms solution provider has announced an innovative product that it says would revolutionise the Internet. In a press release issued June 28, 2011 and copied to ghanabusinessnews.com, the company says it…

The global cocaine trade, which is estimated at $85 million, is exacerbating money laundering in West Africa, Mr. Ban Ki Moon, United Nations Secretary-General has indicated. Whiles every $1 billion of pure cocaine trafficked through…

Bank of America Corp is close to a deal to pay $8.5 billion to settle claims from a group of powerful investors that lost money on mortgage-backed securities, a person familiar with the matter said on Tuesday. The deal could embolden…

Squeezed household incomes mean one in eight Britons has no savings while a third have been left with too little cash to cope with an emergency, new research claims. Some 13% or six million people have no savings, according to research by…

The African Development Bank (AfDB) has hinted that it intends to invest billions of dollars into Africa’s energy sector in the next three years. According to a statement on its website on June 24, 2011, the bank said “Over the next three…

Madelyn Antoncic has been appointed the new Treasurer of the World Bank, a press release from the Bank has said. She will also double as a Vice President of the Bank. Antoncic, whose appointment was announced on June 23, 2011 by the Bank,…

As the African continent becomes one of the attractive places for doing business and some countries on the continent are emerging as giant economies, African governments have been urged to embrace new economic giants. The African Economic…