FinTechs KoinKoin and SR FINANZMANN, have closed a $2 million private funding round in major boost to their corporate over-the-counter (OTC) business for foreign exchange and digital assets.
The funding will support the growth and expansion of the technical FX across both businesses, especially in Africa, facilitate technical upgrades and...
MTN Ghana has announced the reintroduction of the ‘Allow Cash-Out’ feature on its Mobile Money Platform to enhance customer security for withdrawal transactions.
Starting November 4, 2017, customers will see the “Allow Cash-Out” feature on their Mobile Money Menu and this will enable only the customer to initiate and authorize...
Old Mutual Life Assurance Company, a major player in the financial and insurance industry in Ghana, has rewarded its top performing financial advisors, sales managers and branch managers. Due to the COVID-19 restrictions, the annual Sales Awards was held virtually on 3rd February 2021 with all sales representatives across...
Dalex Finance presented a cheque of GH¢20,000 towards the 20-for-20 campaign, a fund-raising initiative instituted by the Office of Institutional Advancement. The campaign is aimed at raising funds for the UG@70 endowment fund and other projects.
Richard Obeng Dwamena, Head of Finance, Dalex Finance presented the cheque to the university....
In Greek mythology, the warrior Achilles was believed to be invulnerable except for his heel, which was his one weakness. Similarly, in the world of cybersecurity companies may have robust defences in place; but one vulnerable point or weakness can lead to a devastating breach. One such vulnerability is...
Mr David Kwateng Darkwa, the Managing Director of Westrafo Ghana Limited, has said Sustainable Peak Load (SPL) transformers with ‘FR3 fluid’ will be the solution for many problems within the distribution and transmission system.
He said the quality of the insulation system influences the expected lifetime of the transformer, as...
The Advertising Association of Ghana (AAG) has called for fresh ideas and a new communication strategy to effectively get the message across to the public, in order to curb the new wave of COVID-19 infections currently sweeping across the country.
The association has described as “unfortunate” the “generic communication style” adopted by...
Softest rise in output in 2021 so far
Joint-fastest increase in charges since November 2018
Business sentiment at 14-month low
The final month of the second quarter of 2021 saw further growth in the private sector, with output, new orders and employment all increasing in June. That said, rates...
Mukesh Thakwani, CEO of B5 Plus Limited - West Africa's largest steel manufacturing company, is urging government to impose a ban, with immediate effect, on cheap imported finish metal fabrication products that are already being produced in the country to protect the local steel industry.
The ban, in his opinion,...
Ghana local currency bonds (GHGBs) have had a spectacular start to the year, compressing by 125bp, outperforming North and East African peers such as Egypt and Kenya whose bonds have ticked up by c. 20bp.
“Offshore appetite for local currency debt in addition to consistent BOG interventions via the spot...