Logo Year 1 | Edition 2 | 16 June 2015
Africa Business Communities Networking Event | Amsterdam - 23 June 2015. The Amstel Hotel, located at the Amstel River in the heart of Amsterdam, is the perfect location to meet with top business professionals operating in Africa... read more
Fuel prices go up by 4%

Prices of the various petroleum products have gone up by 4 percent today, with the exception of Premix fuel and residual fuel oil.

The price hikes have been influenced by the rising prices of petroleum products on the world market and the cedi’s depreciation against major trading currencies...

[ Read More ]
Tigo records impressive subscriber growth
  Through value-added offers and targeted consumer campaigns to encourage Ghanaians adopt to smartphones, Tigo, the third largest mobile network operator in Ghana continues to record impressive growth in its subscriber base.

With the country’s data penetration reaching a peak of 59.78 per cent as of March 2015...

[ Read More ]
Newmont Ghana delivers $360 million added value to the Ghanaian economy study reveals

Newmont Ghana has released findings of its second socio-economic impact assessment of the Ahafo Mine in the Brong Ahafo Region.

The study reveals that Newmont Ghana’s Ahafo Mine through linkages with other sectors of the Ghanaian economy supports value added, in terms of household income, profits & savings and tax payments...

[ Read More ]
[Africa CEO Forum] Are African Banks ready for the Future of Africa?

On a regular basis we consult African CEO's about their views on business. This is Today's Question: Are African Banks ready for the Future of Africa?

Harriman Oyofo, CEO of Mann Safety | Nigeria: "Are African Banks contributing actively to the development of the continent? I would say yes and no because it is a two-fold question from my perspective. Taken from the domestic front, the answer is an unhesitant NO for the simple fact that accessing business growth funding from any Nigerian bank is like the proverbial head of the camel through the eye of a needle... read more

Herbert Rajula,  CEO, Poraeh Investments | Kenya: "There are issues that make this a tricky question. First, that the African bank can truly hold its position in the region’s progress, where we have seen only a few jumping ahead of others e.g. Equity bank. Secondly, the failure to realize the huge opportunities presented by the region's diversification demonstrated (M-Pesa, Kenya) and MTN, Nigeria) gap to tap into and customize solution... read more

Franklyn Jumu, Country Representative Inigmah | Sierra Leone: "The Banking industry across Africa needs to be working towards three interrelated objectives to be ‘future ready’ for Africa: Creating wealth through economic growth, trade and investment | Steadily reducing reliance on foreign aid by tapping into the global markets for capital and making Africa attractive for investments... read more

Read the full forum here ]

Inflation edges up to 16.9% in May; Boosted by rising prices of non-food items

flation edged up to 16.9 percent year- on- year in May, from the 16.8 percent recorded in April.

This means that the rate of increase in the general prices of goods and services was marginally higher in May compared with April...

[ Read More ]

Ghanaian exporters can win market information worth 5000 GHS

Until the end of June, a campaign billboard in Tema Port calls out to Ghanaian companies to participate in the ‘Export Hero’ contest, by sharing their business story.

Participants can win a personalized factsheet with valuable market information - worth 5.000 GHS - that can help them export their products to Europe, and grow their business...

[ Read More ]
Vivo Energy and KFC bring quick service restaurant to Kumasi
  Vivo Energy Ghana, the company that distributes and markets Shell branded fuels and lubricants, in partnership with Kentucky Fried Chicken (KFC), a fast food restaurant chain that specialises in fried chicken has opened its first drive-through outlet in Kumasi.

[ Read More ]
Robert Nii Arday Clegg: Africans Must Step Up To The Plate!

It was a very cold afternoon in January of 2014. Our International Commercial Arbitration class had ended barely ten minutes earlier. 

I stood by the exit doors, occasionally peering through the thick transparent glass, as though such a ritual would make the outside temperature warmer when I finally stepped out into the wintry conditions...

[ Read More ]

IFC Partners with Quantum Oil Terminal to Increase Petroleum Storage Capacity in Ghana
  IFC has signed an $8 million loan agreement with Quantum Oil Terminal Limited, a leading player in the oil and gas sector in Ghana.  

Quantum Oil Terminal Limited is developing a 55,000 metric ton petroleum products storage facility near the port of Tema, 29 km east of Accra...

[ Read More ]
Samsung Revolutionises Washing In Ghana
  Samsung Electronics, leader in innovative technology has launched the ActivDual Wash washing machine which is set to revolutionize how laundry is done in Ghana.

The conventional way of doing laundry is very strenuous to the body; it involves standing, reaching, hauling, bending and twisting...

[ Read More ]
Ecobank Names Ade Ayeyemi as New Group CEO
  Ecobank Transnational Incorporated, parent company of the Ecobank Group, the leading pan-African bank with operations in 36 countries across the continent, is pleased to announce the appointment of Ade Ayeyemi as its new Group Chief Executive Officer. His appointment is effective from 1 September 2015...

[ Read More ]
Francis Nutsuego: The Booming Real Estate Vs The Ailing Furniture Industry In Ghana

As the real estate industry is booming in Ghana we expect the same thing in the furniture industry because they go hand in hand. Whenever you build or buy a house the next thing is to furnish it . Unfortunately, the furniture industry is not well developed in this country.

The challenges faced by the furniture sector are  enormous...

[ Read More ]
Africa Business Communities launches Platform for Business Bloggers
  Africa Business Communities is looking for bloggers in or operating in the continent of Africa who are writing about business.

We are currently building a team of business bloggers in Africa. Are you a blogger in Africa with insight into the African business climate? Then we might be looking for you...

[ Read More ]

We need You to help us to improve African Business Data!
  As we all know the lack of reliable data on African economies is one of the major constraints for the economic growth and foreign direct investment on the continent.

In order to improve African Business Data we have launched the Africa Business Panel.

Over 14,000 people have joined the Africa Business Panel, making it the largest Online Pan-African B2B Market Research Panel...

[ Read More ]
Wanted: Headhunters in Africa

Africa is rising! Our members at Africa Business Communities recognize the growth, but also say that it is difficult to find the right high-level candidates to match the rise. Here is where ABC wants to help. Are we getting engaged in executive recruitment?

No, but we would like to help effectively connecting companies in need for highly qualified talents with the executive search firms that are best equipped to find them...

[ Read More ]

Africa Business Communities is launching Africa Germany Business Communities

Africa Business Communities is launching the LinkedIn group Africa Germany Businsess Communities.

You are more than welcome to join this LinkedIn group.

You can join by clicking here.

You are also welcome to join:

Accra Business Club

Kumasi Business Club

Ghana CEO Network

Ghana Oil & Gas Industry

Ghana Import Export Trading

Ghana Banking Network

Ghana ICT Network

Ghana Media Network

Ghana Food & Retail

Ghana Job Brokers

Click here for a complete overview of our 180 LinkedIn groups and join your favorites
Do you want to advertise in this newsletter?

Advertising in this newsletter makes you reach over 10,000 business professionals in Ghana.

Publishing your content in our Ghana related LinkedIn Group will give you access to over 30,000 business professionals in Ghana.

If you think this might be interesting to your company, just drop me a line...

Bas Vlugt
Founder Africa Business Communities

And dont forget to send us your press releases!

OK, you don't send press releases but you want to. Now what?

In that case, drop me a line too. We are good (promise):

Africa Business Communities Networking Event | Amsterdam - 23 June 2015
  The Amstel Hotel, located at the Amstel River in the heart of Amsterdam, is the perfect location to meet with top business professionals operating in Africa.

[ Click here for more information - the participants list and registration ]


Ghana Business Communities NEWS is a publication of Africa Business Communities


Publisher/Editor in Chief: Bas Vlugt

Editors: Linda Larbie, Afia Owusu-Nyantakyi, Andrea Ayemoba

Send your press releases to: info@africabusinesscommunities.com

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