Express Capital Microfinance, one of the fastestgrowing indigenous microfinance companies in the country, says it’s aiming to be a savings and loans company by 2015. The company, headquartered in Tesano, Accra,is now also in theTemametropolitan area to better serve the needs of its customers. The Temabranch is sited at the Tema Community I market to serve market women, traders, and micro-businesses in the area. The new branch forms part of the company’s strategic plan to meet the needs of the
Starbow’s flight S9100, which took off from the Kotoka International Airport (KIA), in Accra, for Kumasi at 9:00am local time last Saturday, August 9, was forced to return to base due to a malfunction in one of the four engines on the BAe 146 aircraft in mid-air. The incident is said to have occurred during the initial climb-out to about 3,000 feet, raising questions about what really might have gone wrong and the safety measures in place. Eric Antwi, Chief Executive Officer of the airline, in
Insurance penetration in Ghana has gone down marginally for the first time in about a decade amidst the challenges in the economy, B&FT has gathered from its recent survey of the industry. While the total premiums earned by the entire industry (life and general) increased by 23 percent from 2012-2013, rising from GH¢0.84billion to GH¢1.04billion, insurance penetration – which reflects the level of development in the sector – stood at 1.11 percent at the end of last year, falling from 1.13
Kuapa Kokoo Limited (KKL), the licenced cocoa buyer owned by farmers of the crop, says costly bank credit is threatening its profits after its net earnings declined to GH¢203,561 for the 2012/2013 crop season. The company recorded a profit before finance cost of GH¢6,843,434 in the period, but finance costs of GH₵6,570,108 reduced its net profit from a year earlier. Kuapa Kooko, just like most licenced buying companies (LBCs), borrows from commercial banks which charge between 27-30 percent interest
Maersk Line will not stop calling at West African ports stricken by the Ebola virus, but the company will suspend shore-leave -- which is the leave that professional sailors get to spend on dry land -- as well as make some changes to crews in Nigeria, Liberia, Sierra Leone and Guinea, Lloyd’s Loading List reports. The decision coincides with the World Health Organisation (WHO) declaring the outbreak a ‘Public Health Emergency of International Concern’ (PHEIC), affecting trade and travel. The
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