The Angolan Ambassador to Ghana, Admiral Augusto Da Silva Cuhna has said his country and Ghana are currently in talks to revitalise bilateral relations to encompass more areas of interest for both countries. “There will be renegotiation of the general agreement on economic, scientific, technical and cultural cooperation and political...
Uber has struck a deal that could lead to a huge investment by a consortium led by Japanese conglomerate Softbank and San Francisco group Dragoneer. The size of the potential investment has not been disclosed, but reports say it could be up to $10bn (£7.6bn). The ride-hailing company said the money...
Egypt has reached a staff-level agreement with the International Monetary Fund for an instalment of about $2 billion more from a three-year, $12 billion loan programme, the IMF said in a statement on Friday. The payment, which is still subject to IMF executive board approval, will bring total disbursements under...
The UK Ghana Chamber of Commerce (UKGCC) has donated a cash amount of US$2,000 towards the 2017 British High Commission’s Remembrance Day celebrations in Accra. The event, organized annually in honour of Ghanaian Veterans is to acknowledge Ghanaian Veteran Soldiers who devoted their time and sacrificed their lives for their...
US President Donald Trump has said he does not blame China for the "unfair" trade relationship between the countries, despite long railing against the economic imbalance. Speaking in Beijing, he gave China "credit" for working to benefit its citizens by taking advantage of the US. He spoke alongside China's president Xi...
Nigeria was among the 10 economies showing the most notable improvement in the World Bank’s Ease of Doing Business list published on Tuesday. It rose 24 places in the ranking of countries to 145th place. Nigeria this year introduced initiatives aimed at improving the business environment, such as new systems...
There has been a call for Dubai to avail itself to support the development of Africa’s entrepreneurial eco-system, by helping the continent’s business leaders and entrepreneurs leapfrog developmental challenges. This was the view of a panel of entrepreneurs who spoke during first day of the 4th Global Business Forum on...
US employers added 261,000 jobs in October, a solid gain that nevertheless fell short of expectations. Analysts had expected a sharp increase in hiring, after hurricanes Irma and Harvey depressed payroll growth in September. Wage growth was also slower than expected, while the number of people not in the labour force...
Cameroon’s economic growth rate is expected to slip to 3.7 percent this year, down from an earlier estimate of around 4 percent, due to falling oil production, the International Monetary Fund said on Friday. The IMF approved a $666 million, three-year extended credit facility in June for Cameroon, which has...
Apple shares have risen to a record high as the tech giant's iPhone X hit shelves around the world. The launch coincided with strong results for Apple, with sales increasing by 12% to $52.6bn (£40bn) for the three months to September. The tenth anniversary iPhone, which retails for £999, is Apple's...