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CHANGAN DEEPAL Marks One Year in Egypt with the Launch of the Flagship DEEPAL S09, Advancing the Vast Ocean Plan

27Oct

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Business

CHANGAN DEEPAL Marks One Year in Egypt with the Launch of the Flagship DEEPAL S09, Advancing the Vast Ocean Plan

CAIRO, Egypt, Oct. 26, 2026 (GLOBE NEWSWIRE) -- CHANGAN DEEPAL marked its first anniversary in Egypt by showcasing its full lineup on sale in the country, including the popular CHANGAN DEEPAL S05, CHANGAN DEEPAL S07 and CHANGAN DEEPAL G318. At the ceremony, it launched the CHANGAN DEEPAL S09, a large six-seat flagship SUV designed for bigger families. The DEEPAL Egypt First Anniversary and New Model Launch marked the latest milestone in Changan Automobile's Vast Ocean Plan. The event was attended by Zhu Huarong, Chairman of China ChanganGroup; Di Zhirui, Vice President of Changan Automobile; Xiao Feng, General Manager of the Changan Automobile Middle East and Africa Business Unit; Zhao Liuqing, Minister Counsellor of the Chinese Embassy in ...

ACMC Partners with AI Resource Intelligence Company Scepter to Evaluate Critical Minerals Projects

26Oct

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Business

ACMC Partners with AI Resource Intelligence Company Scepter to Evaluate Critical Minerals Projects

HOUSTON & SAN FRANCISCO--(BUSINESS WIRE)--Africa Critical Minerals Corporation (ACMC) and Scepter, Inc. signed an MOU to use Scepter’s AI to evaluate African critical minerals projects for ACMC’s development platform. ACMC is building a portfolio of critical minerals projects with local African partners. It originates opportunities, secures rights, invests, and assembles the technical, development, and capital partners to advance each project. Development partners build and operate the mines. Local content, skilled jobs, and knowledge transfer are built into every project. ScepterAir™, Scepter’s sensor-fusion and AI anomaly detection platform, has been used in methane monitoring with ExxonMobil. The companies will integrate satellite, geological, and geospatial data to identify m...

12Oct

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Business

Best’s Market Segment Report: MENA Reinsurers Focus on Profitable Growth Opportunities Despite Geopolitical and Economic Uncertainties

LONDON--(BUSINESS WIRE/AETOSWire)-- Although geopolitical tensions have intensified in the region, the Middle East and North Africa markets present good topline growth potential for reinsurers, and continue to attract international interest, according to a new AM Best report. In its Best’s Market Segment Report, "MENA Reinsurers are Focused on Profitable Growth Opportunities Despite Heightened Geopolitical and Economic Uncertainties", AM Best states that the growth potential for reinsurers is supported by adequate reinsurance pricing and emerging business opportunities, particularly in specialised risks. Fleur Ngassa, financial analyst at AM Best and one of the report’s authors, said, “Despite uncertain times, some growth opportunities have emerged for reinsurers in the region. Addre...

Mahama rings Nasdaq closing bell, declares Ghana open for business

24Sep

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Business

Mahama rings Nasdaq closing bell, declares Ghana open for business

President John Dramani Mahama has used a ceremonial ringing of the Nasdaq Stock Market closing bell in New York to promote Ghana as an investment destination and signal the government’s renewed push to attract global capital. The ceremony, held in New York, featured President Mahama on the iconic Nasdaq billboard in Times Square alongside the message, “Ghana Is Open for Business.” The high-profile event formed part of Ghana’s efforts to strengthen its engagement with international investors and create opportunities for increased foreign investment into the Ghanaian economy. President Mahama’s appearance at Nasdaq placed Ghana’s investment message before a global financial audience at one of the world’s major financial centres. The President’s participation in the closing-bell c...

Invest Ghana Summit 2026 set for November as Ghana targets investors and business partnerships

14Sep

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Business

Invest Ghana Summit 2026 set for November as Ghana targets investors and business partnerships

By Ghana News Express Ghana’s investment and business community is set for a major gathering in November as the Invest Ghana Summit 2026 brings investors, business leaders, policymakers and development partners together to explore investment opportunities and build new partnerships. The two-day Invest Ghana Summit 2026 is scheduled for November 16 and 17, with participants expected to engage in high-level discussions on business, investment and opportunities available in Ghana. The summit is expected to provide a platform for local and international investors to connect with key stakeholders, explore potential investments and hold business-to-business (B2B) meetings. It is being organised in partnership with the Presidency of the Republic of Ghana, the Ministry of Trade, Agrib...

Mahama swears in five-member Independent Fiscal Council

10Sep

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Business

Mahama swears in five-member Independent Fiscal Council

President John Dramani Mahama has sworn in a five-member Independent Fiscal Council with a mandate to strengthen fiscal discipline, improve public financial management and help restore confidence in Ghana’s economy. The Council was established under the Public Financial Management (Amendment) Act, 2025 (Act 1136) and was expected to play an independent role in scrutinising government expenditure and monitoring the country’s debt sustainability. The body was also expected to promote transparency and accountability in the management of public resources. Speaking at the swearing-in ceremony, President Mahama said fiscal responsibility went beyond simply complying with laws, stressing that it was a duty to both the present and future generations. “Fiscal responsibility must not be ...

IFAD AND EQUITY GROUP KICK OFF US$200 MILLION MECHANISM TO MAKE CLIMATE ADAPTATION FINANCE REACH EAST AFRICA’S FARMERS

4Sep

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Business

IFAD AND EQUITY GROUP KICK OFF US$200 MILLION MECHANISM TO MAKE CLIMATE ADAPTATION FINANCE REACH EAST AFRICA’S FARMERS

Twelve-year blended finance mechanism to reach 260,000 smallholder producers and 500 rural enterprises across Kenya, Uganda, Tanzania and Rwanda, with Equity Group matching concessional capital from its own balance sheet. KIGALI, Rwanda, 4 September 2026 - Access to climate adaptation finance remains a significant challenge for smallholder farmers and rural businesses across Africa, with available capital often failing to reach those who need it most. To help bridge this financing and delivery gap, the International Fund for Agricultural Development (IFAD) and Equity Group today kicked off the Africa Rural Climate Adaptation Finance Mechanism (ARCAFIM) - a US$200 million, private sector-led mechanism built to close that gap for smallholder farmers and rural businesses across ...

Government Pays GH¢10.8bn DDEP Coupon in Full and in Cash

19Aug

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Business

Government Pays GH¢10.8bn DDEP Coupon in Full and in Cash

The Government of Ghana has paid GH¢10.82 billion to bondholders under the Domestic Debt Exchange Programme (DDEP), marking the third coupon payment made fully in cash. The Ministry of Finance said GH¢10,816,840,318.26 was paid to bondholders in full and on schedule, bringing the total amount paid to DDEP bondholders since 2025 to GH¢41.36 billion. According to the government, the latest payment underscores its commitment to meeting its debt obligations and maintaining discipline in the management of the country’s public finances. The payment is also expected to boost investor confidence and strengthen Ghana’s standing in domestic and international financial markets following the country’s recent debt restructuring. Government said the timely settlement of the coupon would help...

IMF approves final review of Ghana’s US$3bn bailout programme

28Jul

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Business

IMF approves final review of Ghana’s US$3bn bailout programme

The Executive Board of the International Monetary Fund (IMF) has approved the final review of Ghana’s US$3 billion Extended Credit Facility (ECF) programme, marking the successful completion of the country’s three-year economic recovery programme. The approval also unlocks a final disbursement of approximately US$371 million to the Bank of Ghana, bringing total disbursements under the programme to the full US$3 billion. A statement issued by the Government on Monday said the successful completion of the programme reflected the significant progress Ghana had made in restoring macroeconomic stability following the economic crisis of 2022, which necessitated the IMF-supported bailout programme launched in May 2023. It said the Government had maintained fiscal discipline, reduced infl...

GCB Bank and PAPSS deepen partnership to accelerate Africa’s cross-border payments revolution

28Jul

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GCB Bank and PAPSS deepen partnership to accelerate Africa’s cross-border payments revolution

PAPSS hails GCB Bank's leadership in transforming cross-border payments across Africa GCB Bank's leadership in advancing seamless cross-border payments across Africa has earned high praise from the Pan-African Payment and Settlement System (PAPSS), with the Bank being recognised as one of the platform's most strategic partners on the continent. The recognition came during a courtesy call by a PAPSS delegation to GCB Bank's Head Office in Accra, where both institutions reaffirmed their commitment to deepening financial integration and accelerating intra-African trade. The PAPSS delegation, led by Chief Executive Officer Mike Ogbalu III and accompanied by Chief Information Officer and Head of Operations Ositadinma Ugwu, commended GCB Bank for its support since the platform's incepti...