Company News
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Minister defends ExxonMobil oil exploration deal (Ghana)
Mr. Boakye Agyarko, the Minister of Energy, says government has signed an oil exploration contract with the ExxonMobil Company to explore for oil in the Deeperwater Cape Three Points Oilfield because it has the capacity to deliver. He said government’s policy for the upstream oil industry is to undertake aggressive...[READ MORE]
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NEDCo receives US$65.7 million to bolster power distribution
Martin Eson-Benjamin, CEO of MiDA signed an Agreement with NEDCo for the disbursement of US$65.7m The Millennium Development Authority (MiDA) has signed an Implementing Entity Agreement (IEA) with the Northern Electricity Distribution Company (NEDCo) under the Power Compact II, for the disbursement of US$65.7 million into NEDCo’s...[READ MORE]
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COCOBOD assures lenders it will repay $1.3bn loan despite setbacks
CEO of COCOBOD, Joseph Boahen Aidoo Chief Executive Officer of Ghana Cocoa Board (Cocobod), Joseph Boahen Aidoo, has assured lenders that the company is on course to meet its financial obligations in respect of the $1.3billion syndicated loan, in spite of a dwindling crop harvest caused by dry weather and plant...[READ MORE]
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PURC tariff reduction takes effect today - ECG
According to ECG, the average percentage reduction starting March 15, is on energy consumption only Mr Samuel Boakye-Appiah, the Managing Director of Electricity Company of Ghana (ECG), has said the Public Utility and Regulatory Commission (PURC) tariff review would be implemented effective today, March...[READ MORE]
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Oil companies need licences to operate in Ghana – Senyo Hosi wades into BOST saga
Ghana Chamber of Bulk Oil Distributors (CBOD) CEO, Senyo Hosi The Ghana Chamber of Bulk Oil Distributors (CBOD) CEO has expressed surprise at a transaction between the Bulk Oil Storage and Transportation Company (BOST) and an unlicensed foreign company, BB Energy. Stating the position of the law, Senyo Hosi said any company that wants to...[READ MORE]
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UK Department of International Trade to invest billions in African infrastructure
The United Kingdom’s Department for International Trade (DIT) has pledged billions of Pounds Sterling in lending and guarantees to African countries to help them address a chronic infrastructure backlog. “Africa’s infrastructure challenges not only inhibit its ability to trade with the rest...[READ MORE]
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NLA agents call for increased commission
The Northern Region Lotto Marketing Companies and Retailers Association has appealed to the National Lotteries Authority (NLA) to increase the commission it paid to its agents from the current 20 percent to 30 percent. Nana Kofi Asabere, Vice Chairman of Northern Region Lotto Marketing Companies and Retailers Association, who made the...[READ MORE]
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International Womans day - All-female crew for historic Argentina flight Ethiopian Airlines
Ethiopian Airlines scores another all-female flight crew feat as it expands its global footprint to the Argentine capital, Buenos Aires – its first such flight.The flight takes off on the occasion of the International Women’s Day and according to the Addis Standard news portal the crew will be operating the B787 Dreamliner from Addis Ababa to Buenos...[READ MORE]
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Ghana Gov. lossing 30% in revenue due to dubious’ vehicle registrations
About 70% of private vehicles are registered without going through the due...[READ MORE]
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Rwanda hotel brings 5 star elegance to city
There is a new five star hotel in Rwanda that is filled with luxury, opulence and elegance.Dubbed as one of the new hotels to visit in Africa this year, Kigali Marriott Hotel is located along KN3 Avenue in the city centre, near the financial district and Kigali City Hall.For those visiting Rwanda’s capital, the hotel is perfect...[READ MORE]
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