$80m steel company inaugurated at Prampram
An $80 million steel manufacturing company under the One District One Factory (1D1F) initiative, was Tuesday commissioned by President Nana Addo Dankwa Akufo-Addo at Pampram, in the Greater Accra Region.Owned…
Hair Care Brand Raises $100 Million in Funding
Founded in 2014, Mielle Organics, the #1 fast-growing Black-owned and community-focused natural hair care company, has secured a $100 million investment from Berkshire Partners, a Boston-based firm. The financing will…
Zimbabwe: Women Urged to Venture Into Mining
Young women in Zimbabwe have been urged to take up mining seriously to empower themselves. Speaking during a tour of small-scale gold mining in the Makaha area in Mudzi by…
GREDA pushes for law to regulate ownership of compound houses
Stakeholders in Ghana’s real estate sector are asking for a law to regulate the ownership of condominiums, popularly known as compound houses in the country. Currently, there are no dedicated…
Ivory Coast’s energy leap
This week Business Africa devotes itself entirely to the energy and banking sectors in Côte d’Ivoire. In this West African country, several banks including Standard Chartered and the National Investment…
Mom Launches Vegan Nail Polish Line and Makes Her 4-Year Old Daughter Co-CEO
Jasmine Phinex, a mother and entrepreneur, founded Serenity Nail Polish with her husband James and 4-year old daughter Serenity last year. Since then, they have created one of the fastest-growing…
BPR reports Rwf3.8bn after tax profit for 2020
Banque Populaire du Rwanda Plc (BPR) recorded an after-tax profit of Rwf 3.8 B in 2020 amid the global pandemic that has slowed down local and international economic activity. This…
‘Africa will still trade with the world under AfCFTA’
The Implementation of the African Continental Free Trade Area (AfCFTA) agreement does not mean the continent will close itself in and trade among itself only, Director, Trade and Services at…
GSS begins training for 2021 Population and Housing Census national trainers
The final phase of training of National Trainers for the 2021 Population and Housing Census (PHC) commences today, Thursday 8th April 2021. The residential training workshop will end on Friday,…
Couple That Turned Down $400K on Shark Tank Makes History, Raises $1.7M in a Day
In 2019, entrepreneurs Tim and Kim Lewis, the founders and owners of CurlMix, appeared on ABC’s Shark Tank and turned down a $400K offer for a 20% equity in their…
Zimbabwe dollar remains stable
THE Zimbabwe dollar continues to maintain stability on the official weekly foreign currency exchange auction system with marginal fluctuations against the greenback exhibiting market confidence in the local currency. This…
NPA launches fuel monitoring system to seal revenue leakages
As part of efforts aimed at eliminating illicit activities associated with the transportation and effective distribution of petroleum products across the country, government has introduced the National Retail Outlet Fuel…
Nigeria: International Flights Resume in Kano Airport After 13 Months
Activities gradually picking up at the Malam Aminu Kano International Airport, MAKIA, as international flights operations restarted after 13 months closure. An Ethiopian flight with 11 passengers on board landed…
Replacing TIN with Ghana card won’t automatically increase revenue – Tax Analyst
A tax analyst, Francis Timore Boi says the replacement of the TIN with the Ghana Card for tax identification purposes by the Ghana Revenue Authority, will not immediately or necessarily…
Profits of leading banks increased in 2020 despite COVID-19 outbreak
Data from the financial statements of some leading banks in the country for the year ended 2020, shows increases in profits for some and some declines for others. This can…
FirstBank Disburses N58bn to 81,000 Female-owned Businesses
FirstBank Nigeria Limited has disclosed that it disbursed a total of N58 billion to female-owned businesses in 2020. The Chief Executive Officer FirstBank Nigeria Limited, Dr. Adesola Adeduntan said this…
Ghana Card, TIN merger: GRA eyes significant increase in revenue as taxpayers quadruple in 2 years
The Ghana Revenue Authority (GRA) has devised a strategy to translate the increased Tax Identification Numbers (TIN) into revenue in the short term, the Commissioner-General Ammishaddai Owusu-Amoah has told the…
Nigeria: MTN Airtime Sales Resume As Nigerian Govt Intervenes in Bank Feud
MTN reverted to the old rate as banks backed off. MTN resumed airtime sales on banking channels Sunday after banks lifted a ban on the telco following an intervention by…
BoG releases list of approved e-money issuers, payment service providers
The Bank of Ghana (BoG) has released the list of regulated companies approved to operate as electronic money issuers and payment service providers for business transactions in the country. They…
Nigeria: Ethiopian Airlines Named ‘Best International Airline in Nigeria
Ethiopian Airlines has disclosed that it was recently was honoured with the Best International Award at the just concluded Abuja Jabamah Wonders of Nigeria Expo. Receiving the award from the…