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Mastercard to support development of Ghana’s digital payment ecosystem

Mastercard to support development of Ghana’s digital payment ecosystem

In support of Ghana’s Vision 2020 goals, Mastercard has committed its support to helping the country develop a cashless economy, in furtherance of its push to be an economic powerhouse in Africa. This was highlighted during a recent discussion between Mastercard and Ghana’s new Vice President, Alhaji Dr Mahamudu Bawumia.…

Nigerian Fintech Startup Lands $1.3 Million in Investments

Nigerian Fintech Startup Lands $1.3 Million in Investments

Nigerian fintech startup Paystack, announced today that it has closed in on $1.3 million in seed investment. Co-founded by Shola Akinlade and Ezra Olubi, the funds will go to building out its engineering team in Lagos, Nigeria; grow sales and marketing operations; and accelerate product development and customer on boarding,…

Intra-Africa trade and investment to help Ghana reduce its import bill

Intra-Africa trade and investment to help Ghana reduce its import bill

Mauritius sugarcane firm Omnicane (MTMD:MP) is set to invest USD250 million into sugarcane plantations in northern Ghana, creating 2,000 jobs and boosting income in the impoverished region. A factory with an annual production capacity of 100,000 tonnes of refined sugar is expected to be established in the country. Ghana consumes…

Heineken seeks approval for merger of Nigerian Breweries and Consolidated Breweries

Heineken seeks approval for merger of Nigerian Breweries and Consolidated Breweries

AFRICA (Zimbabwe Investor) – Heineken N.V. has filed a pre-merger notification with the Nigerian Securities and Exchange Commission notifying the intention of their majority owned subsidiaries Nigerian Breweries and Consolidated Breweries to merge their two businesses. “The proposed merger is based on a significant and compelling strategic rationale and will…

Africa: Nigeria Ranked Amongst World’s Poorest Competitive Countries

Africa: Nigeria Ranked Amongst World’s Poorest Competitive Countries

Despite the efforts to diversify the economy and attract investors by the Jonathan administration, Nigeria is still lowly ranked  in the Global Competitive Index (GCI) 2013 -2014 released Wednesday by the World Economic Forum. Nigeria dropped five places from last year’s 115th position to 120th among the 148 countries profiled.…