Africa’s Business Leaders: To Promote “Common Good, Capitalism”

By Richard Adorsu- NEW AFRICA DAILY NEWS (NADN), Accra, Ghana- The need to boost the impact of African business operators for common good of the people, regional growth, and continental development has been advanced. Experts, who ahead of the Africa business leaders’ forum to be hosted in Ivory Coast, expressed concerns about growing inequality, advent of climate risk, technological revolutions and resurgent protectionism, which are the four major disruptions turning the global private sector upside down and pointing to urgency for capitalism’s fundamental transformation worldwide. Besides, they said focus must be shifted to a well-functioning market that offers lower prices and higher quality products for the people. The Executive Chairman, BUA Group, Abdul Samad Rabiu, said the...

South Africa: US $300 Million Asset Sale Enclosed by AngloGold

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS ( NADN ), Freetown, Sierra Leone- AngloGold Ashanti Limited has sold its own remaining South African properties to Harmony Gold Mining Company, as the corporation quits the gold industry that established as Africa’s biggest economy. Harmony will amass the Mponeng mine and ground assets for about US $300 million, according to Johannesburg based on Wednesday, February, 12th 2020 that’s tinier than half the book importance of the assets, according to Harmony, which will become South Africa’s number one gold producer. The contract captions the duct from South Africa of AngloGold – a company that arose from a mining empire invented by Ernest Oppenheimer a century back. Heretofore, adopting the helm in September 2018, Chief Executive...

South African Trade Baron Vusi Thembekwayo: Select to Commit with Uganda’s Business Constituency

By Abdul Rahman Suagibu – NEW AFRICA DAILY NEWS, Freetown, Sierra Leone- Celebrated investment moneybags, multinational speaker, columnist and career tycoon – Vusi Thembekwayo will be in Uganda from 4th to 7th March of 2020 for a sequel of deluxe betrothals with Uganda’s business institution. Vusi, who is being hosted by Capital One Group – a marketing communications agency operating in Uganda and Kenya, will talk to the business community in two sessions; ‘Breakfast With Vusi’ to be held at Kampala Serena hotel and ‘Cocktails With Vusi’ which will be held at Naguru Skyz Hotel. Paul Mwirigi Muriungi – Capital One Group’s Managing Director, illustrated fervor at this once in a lifetime relief for Ugandan corporates and entrepreneurs saying, “We are proud to host Vusi...

Bank of Ghana: Named Central Bank of the Year

By Richard Adorsu- NEW AFRICA DAILY NEWS, Accra, Ghana- The Bank of Ghana has been recognized by the Central Banking Awards as the Central Bank of the Year following series of reforms it implemented over the past couple of years to strengthen the financial sector. The awards, which will be held on March 19, 2020, in Brussels, Belgium, said the bank had an impressive record of achievement, but the most notable, is its reform of a seriously undercapitalized and poorly managed banking sector. By this award, the Bank of Ghana takes over from the Monetary Authority of Singapore (MAS) which was the overall winner last year. “The central bank has dealt with this complex set of risks, which could have caused serious damage to the country’s economy,” the Central Banking Awards said...