The average interest offered by banks on customer deposits has dropped by about 0.4 percent between February and March this year. The figure declined from 11.6 percent as at end of February 2017 to 11.2 percent as at end of March; the latest Annual Percentage Rates (APR) and Average Interest (AI) report by the BoG … Read more
The shareholders of United Bank for Africa (UBA) Plc have approved the payment of N19.9 billion as final dividend for the financial year ended December 2016. This is in addition to N7.3billion interim dividend paid after the audit of its 2016 half year results. The shareholders unanimously approved the N0.55/share final dividend on every ordinary … Read more
Guardians of the Galaxy Vol. 2 isn’t out until 5 May but in an unusual move, Marvel has allowed a group of critics to offer their verdict extra early. The film was unveiled for a group of press on Monday night who have been allowed to offer reaction as long as they don’t give away … Read more
Tech giant Apple is considering backing Hon Hai’s multi-billion dollar bid for Toshiba’s lucrative memory chip business, a report said Saturday. The US firm plans to financially support Taiwan’s Hon Hai, which has reportedly bid some 3 trillion yen ($27.6 billion) in the initial tendering round for the memory chip business, the Mainichi Shimbun said. … Read more
SHAREHOLDERS of the pan-African financial institution, the United Bank for Africa (UBA) Plc, have applauded the board, management and staff at the 55th Annual General Meeting (AGM) of the Bank, held in Lagos on Friday, April 7, 2017. UBA shareholders approved the payment of N19.9 billion as final dividend for the financial year ending 31st December, 2016, in addition … Read more
QUANTUM Oil Terminals Limited has sued International Finance Corporation (IFC) and the OPEC Fund for International Development for damages totaling $41.3million ($41,319,123) as damages for alleged breach of contract. The amount includes fees and charges paid directly paid to IFC and OPEC Fund, fees and charges paid to various consultants at the direction of IFC … Read more
The management of Universal Merchant Bank, (UMB), has strongly refuted every association with businessman, Ibrahim Mahama, younger brother of ex-President John Dramani Mahama. In a four-page letter sent to the The Herald, the bank said in parts, “we state categorically that Mr. Ibrahim Mahama is neither a shareholder of UMB, nor does he have a … Read more
The Bureau of National Investigations (BNI) has recommended to President Akufo-Addo to withdraw George K. Oduro, Member of Parliament (MP) for New Edubiase in the Ashanti Region, who is one of the 54 nominees, who have been designated to various ministerial portfolios. The advice if taken, would avoid any future embarrassment to the government and … Read more
The shareholders of the pan-African financial institution, the United Bank for Africa (UBA) Plc applauded the Board, Management and Staff at the 55th Annual General Meeting of the Bank, held in Lagos on Friday April, 7, 2017. UBA shareholders approved the payment of N19.9 billion as final dividend for the financial year ended 31st December … Read more
On Friday April 7, the president will be three months in office, inching close to hundred days, but it appears Nana Akufo-Addo, is governing only three regions. He is stuck in the Flagstaff House in the Greater Accra Region; the seat of government, from where he visits the Ashanti Region, the New Patriotic Party (NPP) … Read more
Ghana’s Central Bank could slash further its benchmark interest rate to as low as 17.50 per cent by the end of this year, investment firm, InvestCorp is predicting. With inflation trending downwards (13.2 per cent) and expected to drop further, the development should help spur lending and business activity as the cost of doing business … Read more
Chen Yanfen swirls a glass of Burgundy wine, noting its ruby red robe and fruity bouquet before taking her first sip. She is part of a group of Chinese students diligently imbibing the secrets of winemaking in the rolling hills of the central French region. Nearly one-third of the Dijon wine school’s 135 students are … Read more
A landmark concussion lawsuit by a former National Rugby League player has rocked Australia’s sporting community and could have far-reaching consequences for how the condition is diagnosed and treated. While sport often dominates headlines in Australia, experts want more focus on head knocks — an “invisible injury” sometimes dismissed as a badge of honour in … Read more
Some Jewish parents in Umea were said to be too scared to send their children to school A Jewish community association in northern Sweden has decided to close following a series of far-right threats, seven years since it opened. Their centre in the town of Umea was targeted with swastikas and daubed with messages like … Read more
This is the last of a three-week blog series on digital financial services for agriculture. This series showcases mSTAR and the Digital Development for Feed the Future team’s recently released interactive online resource and instructional videos, made to complement The Guide to the Use of Digital Financial Services in Agriculture. The online resource breaks down the steps … Read more
Chinese tech giant Tencent has spent $1.78bn (£1.4bn) on buying a 5% stake in electric carmaker Tesla. Tencent, best known for its WeChat mobile app, has been investing in a number of sectors, including gaming, entertainment, cloud computing and online financing. Tesla said the stake was passive, meaning Tencent would not get a say in … Read more
United Bank for Africa (UBA) Plc, the pan-African financial services group, operating in 19 African countries, has released its audited 2016 full year results, showing significant growth in gross earnings and profits, an attestation to its resilience, enhanced productivity and geographic diversification, evident in the impressive contribution from its African subsidiaries. The Group recorded an … Read more
Former Pimco co-founder and bond guru Bill Gross settled a wrongful termination and breach-of-contract suit against his ex-employer, the two parties said Monday in a joint statement released by Pimco. The terms of the settlement were not released, but a person familiar with the matter said Pimco agreed to pay $81 million. Pimco is owned … Read more
Impeccable information picked up by The Herald, reveals that each of the 275 Member of Parliament (MP), has grabbed a whopping accommodation allowance of GH¢90,000, regardless of whether they have a home in Accra or not. This paper’s information is that, the MPs were paid the money about three weeks ago, by the Akufo-Addo government … Read more
Ghana Export Promotion Authority (GEPA) and the Ghana Chamber of Commerce in partnership with the Trade Facilitation Office (TFO), Canada, has held a day’s technical seminar for exporters of processed cocoa on market opportunities in Canada. Dubbed: ‘Exporting Cocoa Products to Canada,’ the seminar was to provide export ready companies an in-depth knowledge of Canadian … Read more