Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Investment
Iamgold to sell Ghana mines for $667m to Gold Fields
Iamgold Corporation says it has decided to sell its 18.9% stake in Ghana’s Tarkwa and Damang gold mines to Gold Fields Limited for $667 million in cash.
According to Iamgold, which is a mid-tier gold mining company based in Toronto,…
Africa needs $480b for infrastructural development – Jacob Zuma
South African president Mr Jacob Zuma says Africa will need an amount of $480 billion to develop its infrastructure in the next ten years.
In a speech he delivered at the Third BRICS meeting in Sanya in China on April 14, 2011, President…
$6.5m Norwegian grant for Ghana’s environmental issues
The Norwegian government has provided a-$6.5 million grant to the Ministry of Mines, Environment, Science and Technology, to address the country’s environmental challenges.
The amount would among other issues be used for the protection…
Ecobank Ghana launches first China Desk
Pan-African Bank, Ecobank Transnational Incorporated, formally launched its China Desk on Monday to help facilitate international trade, infrastructure projects and investments between Africa and Asia.
The desk, which is located in Ecobank…
USAID supports BUSAC Fund with $4m
The United States Agency for International Development (USAID) and the Danish International Development Agency (DANIDA) have signed a delegated cooperation agreement under which USAID would contribute $4 million to the Business Sector…
FDIs into Africa rise $32b on oil, metals exports – World Bank
Foreign Direct Investments (FDIs) into Africa as at the end of 2010 were $32 billion, the World Bank says.
According to the World Bank, inflows of FDIs to the continent increased by 6% from 2008 due to price increases of commodities such…
Ghanaians abroad send over $2b home as remittances to Africa reach $40b record high
Ghanaians living abroad have sent remittances or private unrequited transfers (net) in the year 2010 to the tune of $2.12 billion, the World Bank Ghana Country office has told ghanabusinessnews.com in an email response to enquiries.…
African Development Bank approves $40m loan to Ethiopian Airlines
The Board of Directors of the African Development Bank (AfDB) on March 23, 2011 approved a $40 million loan to Ethiopian Airlines to enable the airline to buy five Boeing 777-200LR passenger jets.
The AfDB says the airline will replace old…
Fidelity Bank to cash in on the Asian financial market
Fidelity Bank Limited (FBL) has established an “Asia Desk” within its corporate banking outfit to utilize the growing co-operation and trade activity between Africa and Asia towards accelerated growth.
The move is to provide leverage for…
Ghana stocks dip on Ecobank, Guinness losses
The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, fell 9.95 points to close at 1,059.07 points from 1,069.02 points.
The year-to-date now stands at 5.91 per cent.
The GSE-Financial Stocks…