Chairman King » Ghana

Millicom Ghana (Tigo) Sells 750 Towers to Helios Towers Ghana (HTG)

Staff Writer — Wed, 27 Jan 2010 15:16:49 +0000

Millicom Ghana (trading as Tigo) has agreed to sell approximately 750 towers to Helios Towers Ghana (HTG), a direct subsidiary of Helios Towers Africa. As a result of the transaction, Tigo Ghana will retain a minority interest in Helios Towers Ghana (HTG). Additionally, Tigo Ghana and Helios Towers have entered into a long term leasing agreement [...]

United Bank for Africa (UBA) Appoints Phillips Oduoza as MD/CEO Designate

Staff Writer — Mon, 25 Jan 2010 17:28:25 +0000

he Board of United Bank for Africa Plc has announced the appointment of Mr. Phillips Oduoza as Group Chief Executive Designate of UBA. Phillips Oduoza has over 22 years experience in Banking and Financial Services spanning Banking Operations, Relationship Management, Credit/Marketing, Technology Implementation, Risk Management, Lean Banking Methods, and Brand Management. Prior to this appointment, Phillips Oduoza [...]

United Bank for Africa (UBA) Opens in Zambia – First Southern African Market Entry

Staff Writer — Wed, 20 Jan 2010 20:58:59 +0000

United Bank for Africa Plc (UBA), the pan African banking group, has announced the opening of its Zambian operations – the first Southern African business unit for the group. The establishment of a full banking presence in Zambia further emphasizes the group’s vision of bringing world class banking services to all regions of sub-Saharan Africa [...]

Ghana: Can One of Africa’s Best-Governed Countries Beat the Curse of Black Gold?

Staff Writer — Mon, 11 Jan 2010 16:16:02 +0000

As Ghana prepares to pump oil in the second half of 2010, hopes are rising, both among hard-pressed market traders at home and in the far-flung Diaspora, where Ghanaians are quitting jobs in American banks to head back to an optimistic homeland. Oil was found off Ghana’s coast in 2007 and, even without further discoveries, is [...]

Nigeria’s Economic and Financial Crimes Commission (EFCC) Confiscates Assets Belonging To Erastus Akingbola, Former MD/CEO of Intercontinental Bank

Staff Writer — Sat, 09 Jan 2010 13:03:58 +0000

igeria’s Economic and Financial Crimes Commission (EFCC) has begun the process of seizing properties belonging to ex-Vice Chairman and Managing Director of Intercontinental Bank and ‘Church Elder’, Erastus Akingbola. Erastus Akingbola was among the first batch of CEOs sacked by the Central Bank of Nigeria (CBN) in August last year. The agency on January 7th, 2010 [...]

South Korea’s STX Wins Major Ghana Housing Deal to Build 200,000 Units; Ghana’s HFC Bank to Finance Project

Staff Writer — Mon, 14 Dec 2009 12:50:36 +0000

South Korea’s STX Group said it signed a $10 billion deal Wednesday to build 200,000 homes in Ghana over the next six years. The construction group said in a statement it signed the agreement with the Ghanaian government in Seoul on the housing project, which would extend to 10 cities including the capital Accra from 2010 [...]

African Exchanges Attract Emerging Markets Investors: TradeInvestAfrica Interview with Andre DeSimone, Executive Director, Kestrel Capital

Staff Writer — Tue, 08 Dec 2009 15:54:08 +0000

Sub-Saharan African markets are attracting interest from foreign fund managers seeking to diversify risks in their global portfolio. Andre DeSimone, Executive Director at Kestrel Capital tells us why Africa’s stock markets continue to perform remarkably well despite their small size and low liquidity. The global financial crisis affected African markets resulting in, among other problems, the [...]

VIDEO: CNBC Interview with Funke Opeke, CEO, Main One Cable; Main One Cable is the Second Competitive Cable Planned to Give Broadband Access to West Africa by 2010

Staff Writer — Sat, 05 Dec 2009 17:56:48 +0000

Bourse Africa to Set Up African Commodities Exchange

Staff Writer — Thu, 26 Nov 2009 04:03:38 +0000

Bourse Africa, a unit of Financial Technologies, plans to set up an electronic exchange to trade African commodities futures by the second half of next year, Director of Strategy Adam Gross said. The Gaborone-based company is in talks with regulators in Botswana, Kenya, Tanzania, Uganda, Nigeria, Ghana, Ivory Coast, South Africa and Zambia for approval [...]

VIDEO: Ghanian Emigrant Returns Home from Los Angeles to Become an Entrepreneur

Staff Writer — Mon, 23 Nov 2009 19:16:06 +0000