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Uber PICKS Expedia boss as NEW CEO

Uber has chosen Expedia boss Dara Khosrowshahi to be its chief executive, ending months of speculation in the firm's search for a new leader. The decision was made by Uber's board late on Sunday, a source told the BBC, but the company has made no official announcement. Mr Khosrowshahi would replace Travis Kalanick, who resigned in June following pressure from shareholders. The firm is battling to repair its ...

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Invest in 1D1F: Duncan to Ghanaians abroad

The Central Regional Minister, Kwamena Duncan, has called on Ghanaians living abroad who hail from the region to take advantage of government’s One-District, One-Factory programme to invest in the region. “I call on our brothers and sisters from the Central Region living abroad to take advantage of this policy and to invest in the factories here to help in the overall development of the region,” Mr Duncan s ...

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GCB, UMB, EXIM banks to ‘power’ 1D1Fs

The National Coordinator of the One-District, One-Factory programme, Gifty Ohene Konadu, has revealed that several banks including the Universal Merchant Bank (UMB), the GCB and EXIM Bank will be providing financial support to the factories that will be set up under the programme throughout the 216 districts across the country. Speaking during the launch of the first factory – a pineapple processing factory ...

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1D1F: Exim Bank injects $7.7m in Ekumfi factory

Lawrence Agyinsam, Chief Executive Officer for the Ghana Export Import (EXIM) Bank, has revealed that the bank is investing US$ 7.7 million into the pineapple processing factory at Ekumfi in the Central Region. The factory is the first to be established under the One-District, One-Factory programme of the Akufo-Addo-led government. Speaking during the launch of the factory on Friday August 25, Mr Agyinsan s ...

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Sierra Leone: Elumelu donates $500k to support victims

Tony Elumelu, Founder of Tony Elumelu Foundation and Chairman of United Bank for Africa (UBA), has made a donation of USD$250,000 on behalf of the Tony Elumelu Foundation and another USD$250,000 on behalf of staff, management and Directors of United Bank for Africa (UBA) as emergency aid grants for victims of the Sierra Leone mudslides. Mr Elumelu’s donation will support the victims, some of whom are in hos ...

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We’re losing $40K daily due to seizure – Exton Cubic

The Exton Cubic Group Limited has revealed that the seizure of their equipment by government has resulted in a halt of the company’s operations, resulting in losses of over $40,000 daily. Addressing a press conference in Accra, Communications Director of Exton Cubic, Sammy Gyamfi, described the action to impound their equipment as an illegality. He said they are in talks with their lawyers to take legal act ...

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885 SMEs lost GHS250m to ‘dumsor’

A study on the impact of the four-year power crisis that hit Ghana has established that 885 small- and medium-sized manufacturing firms in Accra, Tema, Kumasi and Sekondi-Takoradi lost GH¢250 million within the period. Additionally, the power outages, to a large extent, led to a 10 per cent fall in monthly productivity of those firms, with as many as 55 of such businesses folding up in the four locations of ...

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EPA’s statement without merit – E&P defends Exton Cubic

The Management of Engineers and Planners has said a statement issued by the Environmental Protection Agency indicating that Exton Cubic Group Limited has no permit to mine bauxite at Nyinahini in the Ashanti Region is erroneous. The EPA, on Wednesday, 23 August said: “As a result of the public interest in the matter, the EPA would like to clarify the position of Exton Cubic Group Limited’s environmental per ...

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Air Namibia to fly Windhoek-Lagos-Accra route

Air Namibia has announced that in line with “our strategic plan, we will add Lagos and Accra to our route network effective 25 March 2018.” “This fits in with growing the business and increasing our footprint on the African Continent,” the airline said Wednesday, 23 August 2017. The routing for the two new destinations will be Windhoek-Lagos-Accra, and the return will be Accra-Lagos-Windhoek four times per ...

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1D1F: Mahama govt got Ekumfi land – Murtala

Former Deputy Minister of Trade under the Mahama administration, Murtala Mohammed has revealed that the land on which the Akufo-Addo-led government will be citing the first factory under the One-District, One-Factory programme was acquired by the previous government. To that end, he said credit must be given to the previous administration for the role played. Government has announced that the president will ...

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