Barclays shares fall 11% on results and restructuring
Barclays shares have fallen 11% after reporting a drop in full-year profits, a dividend cut and a restructuring including reducing its stake in Africa.
Underlying...
Tullow Ghana to shut down FPSO Kwame Nkrumah
The FPSO Kwame Nkrumah will be closed down on Sunday, March 20, 2016 for a “planned maintenance work,” an official statement has announced.
The FPSO...
ADB justifies extension of IPO
The Agricultural Development Bank (ADB) has attributed the extension of its Initial Public Offer (IPO) to its quest to allow more retail patronage of...
Ghana gets first Ginseng formulated energy drink
The first ginseng formulated energy drink - Bacchus Energy Drink – has been launched in Ghana.
Bacchus Energy Drink is a premium non-alcoholic beverage produced...
Barclays exit of Africa to do with regulations – Bob Diamond
Barclays’ re-evaluation of its African strategy, and possible scaling back of its operations, has more to do with regulation in the UK than it...
FPSO Prof. JEA Mills to arrive this week
The second Floating Production, Storage and Offloading (FPSO) vessel which was christened FPSO Prof. John Evans Atta Mills, is to arrive this week.
The FPSO...
Private businesses to shut down over taxes, tariff hikes
Business activities are likely to grind to a halt in Accra as members of the Joint Private Sector Business Consultative Forum begin a strike...
45,000 to lose jobs as Barclays Bank exits Africa
Barclays PLC Chief Executive Jes Staley has decided to exit the bank’s operations in Africa, the Financial Times said on Friday, citing sources familiar...
