Business
Core Scientific secures up to US$1bn loan facility from Morgan Stanley
Crypto infrastructure firm Core Scientific has secured a loan facility of up to US$1 billion from Morgan Stanley, marking a significant financial boost for...
Weego secures US$1.1m funding to expand mobility platform across Africa
A fast growing African mobility startup has secured fresh investment to accelerate its expansion across the continent’s rapidly evolving transport technology sector. The Moroccan...
Multichoice to shut down Showmax streaming service after 11 years
African pay television giant MultiChoice Group has announced plans to discontinue its streaming platform Showmax after more than a decade of operation, marking a...
Absa launches Global Pay remittance platform with Thunes to simplify cross border payments in Africa
Absa Group has partnered with global payments infrastructure provider Thunes to introduce a new digital remittance platform known as Absa Global Pay, a service...
Ghana faces diplomatic pressure from China and the United States over proposed gold royalty increase
Ghana is facing growing diplomatic pressure from major global powers, including China and the United States, to reconsider a proposed increase in gold royalties...
Red Hat AI Factory with NVIDIA accelerates production AI adoption for enterprises
Red Hat has announced the launch of Red Hat AI Factory with NVIDIA, a co-engineered enterprise AI software platform that aims to enable organisations...
West Africa: China’s trade bureau set to partner West Africa IMT Summit
China’s Trade Development Bureau (TDB) of the Ministry of Commerce has been confirmed as a Strategic Country Partner (China) for the West Africa Industrialisation,...
Eight Sleep raises US$50m at US$1.5bn valuation as sleep tech market heats up
Eight Sleep, a New York‑based sleep technology company, announced that it has raised $50 million in fresh funding at a $1.5 billion valuation, signalling...
Record low inflation reflects prudent economic management – BoG Governor
The Governor of the Bank of Ghana, Dr Johnson Asiama, has attributed Ghana’s historically low inflation levels to disciplined economic management, particularly within the...
Decagon completes first tender offer at US$4.5bn valuation as AI support demand surges
Decagon, a fast‑growing artificial intelligence‑powered customer support company, has completed its first tender offer at a valuation of US$4.5 billion, marking a significant milestone in...
UMB’s transformation journey earns continental leadership and digital banking honours
Universal Merchant Bank (UMB) has secured a series of high-profile recognitions that underscore the Bank’s disciplined execution, bold innovation agenda, and unwavering commitment to...
Ghana Reference Rate(GRR) falls to 11.71 percent, signaling major lending rate reductions
In a significant development for Ghana’s financial sector, the Ghana Reference Rate (GRR) the cornerstone interest rate benchmark used by commercial banks to determine...
Ghana’s inflation falls to 3.3% in February, marking lowest level since CPI rebasing in 2021
Ghana’s headline inflation rate continued its sharp downward trend in February 2026, falling to 3.3 percent year on year. According to the Ghana Statistical...
PawaPay partners with Deriv to support mobile money deposits across african markets
PawaPay, a leading pan‑African payments aggregator, has entered a strategic partnership with Deriv, a global online trading platform, to expand mobile money deposit services...
NPA halts discounted fuel pricing by OMCs effective March 16
Ghana’s downstream petroleum sector is set for a significant regulatory shift as the National Petroleum Authority (NPA) moves to halt discounted fuel pricing by...
British International Investment moves to secure controlling stake in Zambeef to strengthen southern Africa’s food systems
The UK’s development finance institution, British International Investment (BII), is progressing plans to acquire a controlling stake in Zambia’s largest agribusiness, Zambeef Products PLC,...
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