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  • Transfer of tower assets to create expert employment – Airtel Nigeria

    February 5, 2014 2:36 PM 44

    Airtel Nigeria has said the company’s decision to transfer its tower assets to tower management companies will lead to the creation of job opportunities for telecoms engineers and tower management professionals. Speaking at an interactive session with journalists in Lagos, Segun Ogunsanya, chief executive officer (CEO) and managing director (MD) of Airtel

  • With Ivorian Ban Cashew Industry Will Be Hurt

    February 5, 2014 1:37 PM 14

    With the cashew season drawing closer, cashew processors and buyers who import the raw material from Côte d’Ivoire say they are confronting hard times due to the Ivorian authorities’ ban on movement of the commodity through the land borders. Ghana trades [processing and export] between 200-400 thousand metric tonnes of cashew per year. A greater portion

  • A total of $3.7bn was spent on player transfers in 2013

    February 5, 2014 11:19 AM 31

    FIFA Transfer Market System (TMS) has released its third consecutive annual report covering the international transfer of professional players, with Global Transfer Market 2014 showing that transfer activities rose by four per cent of 12,309 transfers last year for a combined transfer compensation value of USD3.7 billion. The report provides a unique

  • VAALCO gets IFC support to boost oil and gas production

    February 5, 2014 9:37 AM 23

    IFC, a member of the World Bank Group, has agreed to provide VAALCO Gabon with a $65 million reserve based loan facility to support the company’s oil exploration and development program in Gabon. The Gabon oil and gas sector, which has seen decreasing output levels, is a critical component of the country’s economy. IFC’s financing, a $50 million senior

  • Andani believes prudent spending can boost cedi’s value

    February 5, 2014 8:51 AM 33

    A seasoned banker and economist, Mr Alhassan Andani, has prescribed permanent interventions such as improvements and expansion of infrastructure and exports that generate forex to address the perennial shortage of foreign exchange and the falling value of the cedi. “What we have to tackle as a country are the sources of foreign exchange. For me, I will spend

  • UCC teachers, if the kitchen is too hot just leave

    February 5, 2014 6:05 AM 31

    Members of the University of Cape Coast (UCC) Branch of the Federation of Universities Senior Staff Associations of Ghana (FUSSAG) on Monday began a five-day strike to protest at the delay in the payment of their January salaries and the 2013 salary arrears owed them by the government. A statement signed by Mr Daniel Egyir Arthur, Branch Chairman and Mr Emmanuel

  • Keep it simple, Barnett tells Africa

    February 5, 2014 6:02 AM 26

    Colin Barnett will tell the world's biggest mining conference that consistent and easily understood regulations between nations are Africa's best hope of attracting global investment. And he will urge African governments to adopt royalty-based systems rather than taxation of profits to ensure communities reap maximum benefit from their natural resources

  • Ghanaian beggars say they are going through hell

    February 5, 2014 5:16 AM 21

    Beggars on the streets of Accra say they are going through hell because of harsh economic conditions in the country. “I am only surviving now by the grace of God, it’s not easy. Getting food to eat now is a serious problem as people who used to give us money here now pass by without even dropping a pesewa,” 80-year-old Alhaji Yusuf, who begs for alms around

  • New Standards for food crop conservation launched

    February 4, 2014 11:40 PM 31

    The publication, Genebank Standards for Plant Genetic Resources for Food and Agriculture, outlines voluntary, international standards for the many repositories — or genebanks — around the world that store seeds and other materials used to reproduce plants, as well as living plants in the field. More than 7 million samples of seeds, tissues and other

  • Telecoms Suffered A Rise In Cable Cuts Of 2,110

    February 4, 2014 11:35 PM 29

    Telecom services in the country have come under attack as the incidence of cable cuts has reached a three-year high, with telecom operators suffering 2,110 cuts last year. Since 2011, the number of cable cuts recorded by operators has risen from 480 to 2,110 – an increase of more than 300 percent. This increase in the rate of damage to underground infrastructure