Sunon Asogli Power to deploy 200MW solar power plants in Sierra Leonne

SIERRA LEONNE – Sunon Asogli Power Ghana Limited, Ghana’s biggest Independent Power Producer, has announced plans to expand to Sierra Leonne with a solar power plant in Freetown. The giant power producer is planning deploy toa 20MWp-50MWp [megawatt power] Solar PV in one year and another 160MW to be known as Benkongor Hydro plant in four years. According to Business Development Manager of the Company, Elikplim Apetorgbor, the expected total investment cost for the two projects is about US$700million. According to him, the 20MWp – 50MWp Solar PV plant deployment…

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Accelerex Ghana hits new milestone with Payment Service Provider form BoG

GHANA – Accelerex Ghana, pan-African fintech company, has been granted an enhanced Payment Service Provider (PSP) licence from the Bank of Ghana (BoG), under the Payment Systems and Services Act, 2019 (Act 987). This makes Accelerex Ghana the only fintech organization currently within the enhanced PSP category that provides physical e-payment devices, merchant acquiring, and agency banking solutions in the country. The move followed on the heels of the ISO 27001:2013 and PCI-DSS certifications recently obtained by the company and will open the Ghanaian market to more electronic payment and…

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Online auto marketplace Autocheck launches online truck loans marketplace

WEST AFRICA – Autocheck, an online auto marketplace, has launched a truck loans marketplace in Nigeria and Ghana, as it seeks to provide a structured market for truck loans and services. With hundreds of truck dealers across Nigeria and Ghana on its platform, the fleet ranges from Flatbeds, Semi-trailers, Tankers as well as Heavy, Garbage and Panel trucks. As part of the rollout, Autochek is partnering with key logistics stakeholders in Nigeria and Ghana, including Kobo360, to finance trucks for African e-logistics transporters and truck owners. This means that customers…

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Healthtech startup Redbird secures US$1.5m investment for expansion to new market

GHANA – Redbird, an Accra-based healthtech startup, has secured US$1.5 million in a Seed Round of investment with participation from Johnson & Johnson Foundation and Newtown Partners via the Imperial Venture Fund. According to the startup, the funding will be used to expand Redbird’s business model, operations and to enter new markets. “We’re thrilled to work with Johnson & Johnson Impact Ventures and Newtown Partners. Newtown and Imperial’s expertise in African supply chains, coupled with Johnson & Johnson’s long-standing commitment to improving care for the most vulnerable populations through technology,…

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Digital farming platform Complete Farmer raises funding, launches new offering

GHANA – Complete Farmer, an end-to-end digital farming platform, has raised an undisclosed amount of funding from Ingressive Capital as it plans to expand into other markets. Desmond Koney, chief executive officer (CEO) of Complete Farmer, said he was excited about the next chapter and the startup’s partnership with Ingressive Capital. “Together, we believe we are going to transform agriculture using technology and innovations to realise Africa’s potential to feed the world. With the network within the Ingressive capital family and the synergies with the existing portfolio companies, this partnership…

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Ghana to have new national airline by Egypt Air in couple of months’ time

GHANA – Ghana is set to get a new national airline, Air Ghana, which will be operated by Egypt Air with an expected commencement in a couple of months’ time.  According to Roshdy Zakaria, chief executive officer of EgyptAir Holding Co., EgyptAir will provide four Boeing Co. 737-800 aircraft to the Accra-based airline in which it will have a 75 percent share, Zakaria told reporters in Ras Al Khaimah, one of the emirates of the UAE. The airline will be based in the capital of Ghana, Accra, and 75 percent…

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Fidelity Bank Ghana launches young entrepreneurs fund to support existing businesses

GHANA – Fidelity Bank Ghana has launched the Fidelity Young Entrepreneurs Fund (FYEF) to support existing businesses and startups of young entrepreneurs with financial and non-financial resources to harness social impact potential, build capacity and guide youth-related businesses to grow and scale up their businesses. The Fidelity Young Entrepreneurs Fund is a project which will provide both financial and non-financial support to enable youth-related businesses to survive and thrive. The focus of the fund is on businesses that are solving a problem in society, employing climate smart adaptation or mitigation…

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AIIG partners Invest In Africa, widening access to protection schemes for SMEs

GHANA – Activa International Insurance Company Ghana Limited (AIIG) and Invest ln Africa (IIA) Ghana, have signed a cooperation agreement to widen access to protection schemes for multiple SMEs. With direct access to IIA Ghana’s membership network with over 2,000 cross-sector businesses, AIIG aims at providing an innovative and effective model to enhance knowledge of risk management and commercial protection solutions. A joint statement issued in Accra and signed by Madam Belinda Ofori and Madam Tina Boadi Representatives of the companies, said, “This is in line with IIA’s objective of…

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Oil & Gas company Tullow Oil is set to drill four wells in Ghana by the close of the year

GHANA – Tullow Oil, a multinational oil and gas exploration company, is targeting to drill four wells in Ghana by the close of the year in an effort to increase production from its Jubilee and TEN fields to offset anticipated near-term output declines. The Maersk Venturer drillship has been contracted to start a multi‐well drilling programme for a minimum period of four years. The rig has arrived in Ghanaian waters and is scheduled to commence drilling in April. It is expected to drill and complete four wells this year, consisting…

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EWN partners TheBoardroom Africa to improve gender balance in Africa’s boardrooms

GHANA – The Executive Women Network (EWN) and TheBoardroom Africa (TBR Africa) have signed a partnership agreement to enable more senior executive women in Ghana to access opportunities and advance their professional development objectives. A statement from EWN said TheBoardroom Africa had curated a unique pool of peer-endorsed female leaders and worked with organisations across the region to improve gender balance in Africa’s boardrooms. The pipeline of talent, combined with a uniquely collaborative and objective approach, was driving a fundamental shift in gender balance among leadership teams in businesses in…

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