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Business

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,...

Pick n Pay expands super app with clothing launch on asap

Pick n Pay Clothing is now available to millions more customers across South Africa following its official launch on the Pick n Pay asap...

New location, exceptional customer experience: OmniBSIC relocates Kejetia branch in Kumasi

OmniBSIC Bank, Ghana’s fastest-growing financial institution, has officially relocated its Kejetia branch to a state-of-the-art facility within the Osons Chemist Building. This strategic move...

EU banks’ euro-pegged stablecoin in talks with crypto exchanges to boost liquidity

A consortium of European banks behind a new euro-pegged stablecoin is in discussions with major cryptocurrency exchanges as it seeks to secure sufficient liquidity...

Paramount and HBO Max to merge into single streaming platform after Warner Bros Discovery acquisition

Paramount Global plans to merge HBO Max and Paramount+ into a single streaming service, according to an announcement by chief executive David Ellison, made...

TVS Motor Company expands into South Africa with new distribution partnership

TVS Motor Company, one of the world’s largest manufacturers of two‑wheelers, has officially entered the South African market, marking a major expansion of its...

Polymarket sees record $529 million in U.S.-Iran bets

The crypto prediction market platform Polymarket has attracted unprecedented trading activity as global tensions between the United States and Iran surged into open conflict,...