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 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,…
Nigeria has been declared officially free of Ebola after six weeks with no new cases, the World Health Organization (WHO) says. WHO representative Rui Gama Vaz, speaking in the capital Abuja, said it was a “spectacular success story”. Nigeria won praise for its swift response after a Liberian diplomat brought…
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…
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…
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.…
The World Bank has placed Nigeria at 131st position out of 183 countries in the world assessed on the basis of ‘ease of doing business’, 2013. The ranking places Nigeria’s neighbouring country, Ghana, at 64th position, which entails 67 places ahead of Nigeria. It is against this backdrop that the…
