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Business

Coca Cola to cut 1,200 jobs

The US firm Coca-Cola has said it will cut about 1,200 jobs due to falling demand for its fizzy drinks. Its global carbonated drink sales...

Uber sets ‘flying car’ launch for 2020

Uber says it wants to launch a system of flying cars to move people around cities, with a goal of putting demonstration projects in...

Ghana loses nearly $1 bln in export earnings

Ghana, the world's number two cocoa producer, has missed out on nearly $1 billion in export earnings due to a steep decline in global...

Experts meet in Ghana over illicit financial flows

Experts across Africa on Tuesday gathered in Accra to devise new strategies in tackling illicit financial flows on the continent. For the next  two days...

Kenya’s Safaricom network suffers breakdown, millions affected

Millions of customers of Kenya's leading mobile network operator, Safaricom had challenges making calls on Monday after the network suffered a breakdown. Besides subscribers not able...

Multilateral banks to deepen collaboration with private sector

Leaders of the top multilateral development banks (MDBs) have agreed to deepen their collaboration to encourage private sector investment in vital infrastructure needed to...

IFC Dialogue Highlights Prospects for Improved Business Environment in Ghana

IFC, a member of the World Bank Group on Monday hosted a high level dialogue on opportunities for ambitious reforms of the business environment...

Eskom prevented from paying former CEO farewell package

South Africa's public enterprises minister has blocked power utility Eskom from giving its former chief executive a 30 million rand ($2.3 million) pension payout,...

Philips posts sevenfold jump in profits in Q1

Dutch electronics giant Philips on Monday posted a sevenfold leap in first quarter profits after spinning off its lighting business last year. Net profit soared...

Ghana central bank will not finance budget deficit

Ghana's central bank will not finance the government's budget, its new governor, Ernest Addison, said on Friday as the regulator seeks to keep fiscal...

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