Articles from the ‘Business’ category
Posted by News Desk Report on May 16, 2012 at 9:01 am in Business
It has been six years since MTN boldly pioneered and committed over US$ 100 million into Africa’s largest capacity submarine fibre optic cable. Last Friday marked the commercial launch of the much-anticipated ultra high-capacity West Africa Cable System (WACS) linking Southern and Western Africa to Europe. The 17,200km fibre optic submarine cable system [...]
Read the rest of this story »
Posted by Contributor on at 8:59 am in Business, Other Top Stories
Ghana is working assiduously to explore the feasibility of nuclear energy in its power mix, as it strives to become a major net exporter of energy to other West Africa States. Thus, government’s intervention geared towards increasing the total installation capacity of electricity generation, currently at 2000 megawatt, to 5000 megawatt in 2015, has targeted [...]
Read the rest of this story »
Posted by BBC on at 8:47 am in Business, International
2> Telecoms giant Bharti Airtel is being investigated by Indian authorities for money laundering and breaking foreign exchange rules, a minister has said. Junior Finance Minister S Palanimanickam said the Directorate of Enforcement was investigating the case, but gave no further details. Bharti Airtel shares fell 5% in early trading but recovered quickly to end [...]
Read the rest of this story »
Posted by Daily Graphic on May 15, 2012 at 10:09 am in Business, Other Top Stories
The government has reclaimed 60 per cent of its shares which were sold to Penang Shipbuilding and Construction Company of Malaysia under a joint venture for the management of the Tema Shipyard and Drydock Corporation (TSDC). With its new business status, the government now has 100 per cent shareholding in the TSDC, which is a [...]
Read the rest of this story »
Posted by BBC on at 9:48 am in Business, Financial Institutions
JPMorgan Chase says its chief investment officer is to leave after a $2bn (£1.2bn) trading blunder. The Wall Street firm said Ina Drew, who oversaw the London-based division responsible for the trading mistake, will leave after more than 30 years. Matt Zames, the bank’s co-chief of global fixed income in its investment bank, will take [...]
Read the rest of this story »
Posted by BBC on at 9:48 am in Business, International
Marketwatch ticker European shares have fallen as the continuing political uncertainty in Greece undermines investor confidence. Greek President Karolos Papoulias failed to form a coalition government through talks on Sunday and will continue discussions with political leaders on Monday evening. Bank shares are worst hit, particularly in Spain and France, with Madrid’s Ibex index down [...]
Read the rest of this story »
Posted by selorm on at 9:46 am in Business
The accounts of the Nigerian Embassy in Washington DC and the Nigerian Mission in New York might have been frozen by the Bank of America and Wells Fargo, two leading financial institutions in the United States of America over alleged money laundering activities. Sources informed African Examiner that the action of the banks was [...]
Read the rest of this story »
Posted by News Desk Report on at 9:45 am in Audio, Business, Business
Vodafone Ghana has launched a music portal which allows Ghanaians to buy and download music on their network. Vodafonelive.com.gh was launched by award winning artistes Sarkodie and D’Banj who have recorded a collaboration exclusively for the music portal. Vodafonelive.com.gh allows customers to download music tracks and videos straight onto their mobile phones, [...]
Read the rest of this story »