Delivery company Glovo spread its operations to Kumasi, the third city in Ghana

GHANA – Glovo, a worldwide multi-category delivery player, has spread its operations to Kumasi, the capital city of Ashanti Region in Ghana, in line with the company’s vision to give everyone easy access to anything in their cities. Kumasi is the third city in Ghana to enjoy Glovo’s multi-category delivery services since it started operations in March 2021. Speaking on the expansion in Ghana, General Manager of Glovo Ghana, Pearlyn Budu, said the extension to the Ashanti Region was aimed at providing the fastest and most convenient delivery service to…

Read More

AfDB Group approves US$40m grant to further capitalise Development Bank Ghana

GHANA – The Board of Directors of the African Development Bank Group has approved a grant of US$40 million from the African Development Fund to the Republic of Ghana to further capitalise The Development Bank Ghana (DBG), a newly established development finance institution in Ghana. The Development Bank Ghana is designed to provide financing to micro, small and medium sized enterprises as well as small corporates in agribusiness, manufacturing and information and communication technology (ICT). “The project to support the DBG is aligned with Ghana’s Beyond Aid Vision and supports…

Read More

Meridian Health’s parent company, Africa health Holdings, secures US$18m funding

GHANA – Africa Health Holdings, a healthcare startup running several hospitals, has secured US$18 million in a Series A round, funds that will go towards building its tech-forward healthcare system across Ghana, Kenya and Nigeria. Africa Health Holdings, based in West Africa, will use the new capital to expand its telemedicine service beyond Ghana, to countries like Nigeria and Kenya. This is in line with its plan to grow its portfolio beyond in-person visits and to allow electronic follow-ups through its mobile app, as more people across the continent get…

Read More

Global communications company launches its RTE in Africa

GHANA – Viasat Inc., a global communications company, has announced the launch of its first Real-Time Earth (RTE) facility in Africa, located in Accra, Ghana. Viasat worked in partnership with the Ghana Space Science and Technology Institute (GSSTI), a government-based institution under Ghana Atomic Energy Commission (GAEC), It is focused in coordinating all space, science, technology and related activities in Ghana, to bring new space opportunities and jobs to the region, while expanding Viasat’s ability to deliver critical earth observation and remote sensing data on-demand around the world. With this…

Read More

Four Ghanaian startups set to join the Catalyst Fund Inclusive Digital Commerce accelerator

GHANA – The Catalyst Fund Inclusive Digital Commerce Accelerator has selected four Ghanaian digital commerce companies as its second cohort to receive funding and support. Catalyst Fund had partnered the Mastercard Foundation and the Meltwater Entrepreneurial School of Technology (MEST) in October 2020, to launch its Inclusive Digital Commerce Accelerator in Ghana, the first expansion of its flagship inclusive fintech programme. The selected startups are tackling challenges across the retail sector for Ghana’s informal MSEs. Their focus is on enabling the digital transformation of MSEs through solutions including digital logistics,…

Read More

Kosmos Energy acquires additional Ghana interests for US$550m

GHANA – Kosmos Energy and Ghana National Petroleum Corp. (GNPC) have agreed to acquire interests in Tullow-operated Jubilee and TEN fields offshore Ghana from Occidental Petroleum Corp., Houston for US$750 million. Combined, the assets had a second-quarter 2021 net production of 22,000 boe/d. In a US$550-million deal that closed October 13, 2021, Kosmos gained an additional 18% interest in Jubilee field and an additional 11% interest in TEN fields. The deal increases Kosmos’ interests in Jubilee to 42.1% and in TEN to 28.1%. Consideration due to OXY at completion was…

Read More

Ghanaian Roberta Annan launches US$115m fund for fashion entrepreneur in Africa

GHANA – Ghanaian businesswoman and entrepreneur Roberta Annan launched a €100 million (US$115.59m) fund to channel investment into small and medium African creative and fashion enterprises in Africa. The Impact Fund for African Creatives (IFFAC) will award grants of up to €50,000 (US$57,793) to selected projects to accelerate development of the continent’s creative sector. The fund was launched during Paris Fashion week and was attended by fashion industry experts. The Africa Investment Forum, a flagship initiative of the African Development Bank, aims to channel investment into Africa. Annan, who also…

Read More

GCB Bank Limited launches new branch at Tema Metropolitan Area

GHANA – GCB Bank Limited (GCB), a banking company, has opened a new branch in the Community 25 of Tema Metropolitan Area of the Greater Accra Region. This is in response to the growing business population, opportunities and for the convenience of businesses and customers in the environs. The new branch is located within the Tema Community 25 Shopping Mall and will offer banking services to customers and residents in the area. “We can all heave a heavy sigh of relief as we bring to an end the long and…

Read More

Tullow Ghana, Invest in Africa to empower its SMEs suppliers who were affected by COVID-19

GHANA – Tullow Ghana, an oil and gas explorer and producer, has partnered with Invest in Africa (IIA) to deliver training to a number of its small and medium enterprises (SME)suppliers as part of the Access to Finance programme. The Access to Finance programme is an eight-month long programme, to be delivered in two parts, designed to equip selected suppliers with the requisite knowledge, skills and support to effectively engage with financial institutions in the areas of refinancing, restructuring of existing funding arrangement to improve liquidity. The programme is designed…

Read More

German solar company Ecoligo acquires Namene Solar West Africa

GHANA – Ecoligo, a German solar utility that provides low-cost solar energy to local businesses in emerging markets, has announced the acquisition of the solar power projects for commercial and industrial customers (C&I) of Namene Solar West Africa. The company remains a wholly owned subsidiary of the Namene Group. There is movement around the commercial and industrial (C&I) solar power providers in West Africa. German company Ecoligo is acquiring the C&I division of Namene Solar West Africa, the subsidiary of the Namene Group. The Accra (Ghana) based company is selling…

Read More