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  • Ivory Coast increases electricity output with new hydro plant

    November 2, 2017 4:00 PM 63

    IVORYCOAST-ELECTRICITY/:Ivory Coast increases electricity output with new hydro plant SOUBRE, Ivory Coast, Nov 2 (Reuters) - Ivory Coast started producing power on Thursday at a 275 megawatt (MW) hydroelectric plant that will boost the country's electricity output by more than 10 percent. Ivory Coast, the world's top cocoa grower, has emerged from a decade-long

  • Qatar Airways to Fly Airbus A350 to the Maldives

    November 2, 2017 10:10 AM 48

    The airline has upgraded its current double-daily A330 service to an A350, beginning with its first A350 flight on October 31 and the second service with the airbus joining on November 03. H.E. Akbar Al Baker, group CEO, Qatar Airways, said, “We are proud to be the first airline to fly our Airbus A350 to the Maldives. As one of the airline’s most in-demand

  • Banks Record Significant Profit Margins

    November 2, 2017 7:43 AM 40

    The sterling performance of some banks per their unaudited third-quarter financial statements is indicative of efforts towards meeting the new capital requirement from the Bank of Ghana (BoG). The banks have adequate reserves, income surplus among others, enough to secure them firmly against unexpected contingencies. HFC Bank, which will soon rebrand

  • Total assets of Atwima-Kwanwoma Bank hit GH¢ 118,020,418.98

    November 1, 2017 4:08 PM 51

    Pakyi Number Two (Ash), Nov 01, GNA – Total assets of the Atwima Kwanwoma Rural Bank hit GH¢ 118,020,418.98, last year, the Board Chairman, Mr. Patrick Owusu, has announced. The bank’s investment portfolio also grew from GH¢ 63,358,605.60 to GH¢ 79,302,811.52 during the period. He was speaking at the 34th annual general meeting of the shareholders at Pakyi

  • November issue of African Business Review is now live!

    November 1, 2017 4:04 PM 50

    This month’s cover feature is an interview with Bassari Resources, discussing its flagship project in Senegal. Executive Chairman of the Australian company, Alex Mackenzie, talks abou the Makabingui gold project and how it aims to serve as a corporate citizen in the area. Another mining focus comes from an exclusive insight into Grande Cote Operation

  • 2017 Global Probiotic Capsules Market: BioGaia, Chr. Hansen and Danisco (Dupont)

    October 31, 2017 11:12 AM 26

    Global Probiotic Capsules Market: This market research report focuses on Past-Current Size, Shares, trends & Forecast to 2022. Global Probiotic Capsules Market Report illustrates the present development status of Probiotic Capsules along with the growth of Probiotic Capsules expected during the forecast period during 2017-2022. Probiotic Capsules Market

  • The Premier Oil PLC (PMO) Receives “Overweight” Rating from Barclays PLC

    October 30, 2017 10:39 PM 21

    Barclays PLC reissued their overweight rating on shares of Premier Oil PLC (LON:PMO) in a research note released on Tuesday. Barclays PLC currently has a GBX 100 ($1.24) price objective on the oil producer’s stock. A number of other research firms also recently weighed in on PMO. Credit Suisse Group AG boosted their price target on shares of Premier

  • Ivory Coast rains boost cocoa crop ahead of the dry season

    October 30, 2017 2:15 PM 19

    ABIDJAN (Reuters) - High temperatures and light rain helped the start of the cocoa crop in the world’s top exporter Ivory Coast last week after heavy rains in recent months, farmers said on Monday. The dry season runs from mid-November to March, ahead of which farmers say they need rain to maintain soil moisture and boost yields. “If the dry season is not too strong

  • Rising consumption of palm oil in Ghana

    October 30, 2017 12:02 PM 41

    There has been a rising consumption of palm oil in Ghana, leading to increase in importation of the oil into the country. Palm oil imports into Ghana increased from 163,000 tonnes in 2015 to 203,000 tonnes in 2016, an increase of about 23.9 per cent. Within the first nine months of this year, Malaysian palm oil imports into Ghana totaled 213,000 tonnes

  • Ghana won’t pay Google for address system after 2017 – Andah

    October 29, 2017 8:57 AM 25

    Government does not intend to make any more license payments to Google, beyond 2017, for embedding the company’s online map into the country’s newly designed National Digital Property Addressing System, Ghana Post GPS. The management of Ghana Post had announced that Ghana is to pay Google an amount of $400,000 as a licensing fee annually, for making