Relocate factories to Africa – Spio-Garbrah to China

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Ghana’s Trade and Industry minister, Dr. Ekow Spio-Garbrah, has criticized the practice where Chinese industrialists in Africa ship raw materials sourced locally back home...

Gold slumps

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Gold fell, extending the first back-to-back weekly drop since May, as buoyant equity markets and gains in the dollar hurt demand ahead of central...

Huawei sales hit CNY245.5bn

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Huawei has announced its business results for the first half of 2016. In the first six months of this year, Huawei generated sales revenue of...

Govt seeks GHS1.8bn to shore up budget

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The Government of Ghana is seeking an additional GHS1.8billion to supplement the 2016 budget for the second half of the year. Finance Minister Seth Terkper...

Cybercrooks steal N127b annually in Nigeria

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Nigeria’s ComTech Minister, Barr Adebayo Shittu, has said Nigeria loses N127 billion annually to cyber thieves, warning that if it is not addressed, it...

Brexit plunges UK economy to worst level since 2009

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Britain's decision to leave the EU has led to a "dramatic deterioration" in economic activity, not seen since the aftermath of the financial crisis. Data...
IMF forecasts difficult year for Ghana, sub-Saharan Africa

IMF’s Lagarde to face trial over payout, court confirms

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The head of the International Monetary Fund, Christine Lagarde, will stand trial over a state payout to the French tycoon Bernard Tapie, an appeals...

Libya’s PFG to start lifting oil terminals blockade over next 3...

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Libya's Petroleum Facilities Guard (PFG) will start lifting a blockade on eastern oil terminals over the next three days, though a resumption of exports...