Ghana: Latest News

  • Why More African Governments Must Commit To Affordable Internet

    Internet Users - African governments commit to affordable internet By Tom Jackson, 11:52 am AFKI Original

    In most of the developed world, reliable internet costs less than 1% of average monthly income. In Africa, it’s 18%. Governments are vital to drive down internet prices in Africa, stakeholders say. When connectivity costs drop to 2% of monthly income, reaserch shows the internet becomes accessible to all. Just five of 27 African countries surveyed have achieved the 2% affordability target. Free internet access is the simplest way to tackle economic inequality, a stakeholder said. “It allows people to find and apply for jobs, start online businesses, and generally engage with the economy around them.”

  • South African Ratings Downgrade Is Hurting Barclays Africa Exit Plan

    Barclays Africa exit plan By Reuters, 9:48 am

    The pool of potential buyers is shrinking that Barclays’ can sell shares to in its African business. Some institutional investors, including pension funds, do not allow them to hold an asset that’s sliding on credit ratings. Barclays is struggling to find one strategic buyer that will satisfy South African regulators and is looking to sell its remaining 50% stake in chunks. More than 80% of its revenue is in South Africa. “Banks are paying the price for political uncertainty that we’ve seen in the country over the past two weeks,” a fund manager said.

  • Young Entrepreneurs Combine Web Savvy, African Tradition, In Kente-Colored Swimwear Line

    Kente-colored swimwear line By Staff, 4:02 pm

    When their Kickstarter campaign failed, a brother-sister team switched gears and ran a successful social media campaign selling Africa-inspired swimsuits online. Their swimwear prints include the Apremo-Canon pattern, a Kente design symbolic of resisting foreign domination — something Ghanaians fought beginning in the 15th century against English colonizers. The Ashanti Swimwear platform helps women in the diaspora and Africa dominate in the online e-commerce space so they can be location-independent, said British-Ghanaian Yasmeen Opare, co-founder of Ashanti Swimwear.

  • The Top 10 Ranked African National Teams For April

    team of the tournament - Egypt striker Mohamed Salah. Photo: beIN Sports By Peter Pedroncelli, 7:02 am AFKI Original

    African football has become a force to reckon with on the world stage, and an indication of which national teams are the best on the continent comes in the form of the FIFA Ranking, which ranks all members of world football’s governing body. Below are the top 10 ranked African national teams in world football for the month of April, according to the FIFA ranking.

  • Kwesi Appiah Re-Appointed As Ghana National Team Coach

    Ghana national team By Peter Pedroncelli, 5:09 am AFKI Original

    The Ghana national team will see the return of a familiar face, with coach Kwesi Appiah re-appointed to the role he left after the 2014 World Cup. The 56-year-old softly spoken Ghanaian assumes control of the Black Stars following the departure of former coach Avram Grant, who resigned following the 2017 Africa Cup of Nations in Gabon in February. The Ghana Football Association (GFA) made the announcement this week, with a two-year contract that will officially begin on May 1.

  • Uber Fighting On All Fronts In Africa As New Competitors Emerge

    Uber Africa new competition By Tom Jackson, 8:48 am AFKI Original

    Uber says there’s enough room in Africa for all types of taxi and ride-hailing services. The US-based tech company headed off early competition on the continent, but new competitiors are rising. Uber hypes up the competition, saying it means more choices that are affordable, reliable, and produce jobs. One new Uber competitior, Africa Ride, offers drivers a share in the business, saying it empowers them more than Uber does. “Drivers will want to log in on the app which they own and have control over,” said Africa Ride founder Thabo Mashale.

  • FIFA Considers 9 Automatic African World Cup Spots For 2026

    World Cup - Cameroon win the 2017 Africa Cup of Nations title. Photo: Daily Maverick By Peter Pedroncelli, 9:00 am

    World soccer governing body FIFA has proposed that Africa receive nine automatic qualification spots when the World Cup expands to 48 teams at the 2026 competition. The proposal would see four extra places for the continent, as Africa is currently offered five automatic qualifying berths. In addition to the nine places, a tenth African country will be able to take part in a six-nation play-off tournament between all of the global continental confederations to decide two additional spots.

  • The Anglos Are Coming To Francophone Africa With An Appetite For Investment

    Anglos investing in Francophone Africa By Kurt Davis Jr., 10:13 am AFKI Original

    The Anglos have an apparently insatiable investment appetite for the region. Gabon will no longer fly under the radar after Washington, D.C.-based Carlyle Group — the world’s largest private equity fund — purchased Royal Dutch Shell’s onshore assets in Gabon for $587 million. Petroleum services, infrastructure and timber are rising on the radar for crafty investors in Gabon. Financial services and ICT too. Gabon is a stable provider of services and networks to neighboring countries. Here are six other Francophone African countries investors are looking at.

  • 13 African Countries With The Highest Central Bank Interest Rates

    Interest rates in Africa By Peter Pedroncelli, 3:05 am AFKI Original

    Central banks are the national banking institutions that provide financial and banking services for countries’ governing and commercial banking system, including lending money. African countries have some of the highest interest rates in the world, with some even reaching as high as 23 percent. By way of comparison, the U.S. Federal Reserve recently revised the country’s interest rate to 1 percent, while most of Europe’s central banks have interest rates at between 0.25 percent and 2 percent. We take a look at 13 African countries with the highest central bank interest rates.

  • Barclays Launches E. Africa’s First-Ever Gold-Backed Exchange Traded Fund

    first-ever gold-backed exchange traded fund By Dana Sanchez, 5:17 pm

    Each security is equivalent to 100th of an ounce of gold and is backed by physical gold. The Nairobi all-share index hit a 47-month low March 8, driven down by bank stocks and a Safaricom selloff. Having local currency exposure to the spot price of gold is attractive to local pension funds and others restricted in overseas investment. “It makes sense to be adding complexity to the stock exchange… Barclays is ‘pushing at an open door by launching a gold-based ETF,” an investment advisor said. “There’s clearly demand for gold here because people see it as a store of value.”

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