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AY, Metro TV MD, Vice President of Liberia, Togolese Ambassador to Ghana and Dr Ibrahim Bello Dauda attend Africa Advancement Forum Global Summit 2021

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Africa Advancement Forum Global Summit 202110

The Africa Advancement Forum an organization that creates a platform focusing on providing a space for the discussion of key prospects and strategies that aims to influence the growth and advancement of the continent, on Friday, August 20, 2021, held this year’s edition of its global summit in Accra.

Africa Advancement Forum Global Summit 202112

The summit held at the Accra International Conference Center on the theme “The Africa We Want,” brought together captains of industries, academia, civil society and government officials as well as top African business personalities, start-ups, and entrepreneurs from a various sectors and disciplines to exchange ideas on how to develop the continent.Africa Advancement Forum Global Summit 202111

Delivering the opening address for the summit, the Founder of Justina Mutale Foundation, Ambassador Justina Mutale who is also part of the organizers, highlighted some of the things that exist as strength, weaknesses, opportunities and threats to developing Africa.Africa Advancement Forum Global Summit 20219

Among other things she spoke about the Africa Continental Free Trade Area (AfCFTA), the need for a single passport for all Africans, improving the Global Image of Africa, diplomatic relations, leveraging on technology, developing and educating the youth as well as women empowerment.

Africa Advancement Forum Global Summit 20218

“While the rest of the world has an aging population, Africa has the largest and youngest population and about 70% or so of the population are below the age of 30. This is the population that is going to drive the world into the next millennia so we need to empower them. Empower them to have the clout, to have the energy, to have the agility, to have the power to move forward. We need to empower them with the right education, the right information, the right knowledge, tools and of course the right networks. This is where mentoring comes in,” she said.Africa Advancement Forum Global Summit 20217

On the need for Africa to shape its image and promote women empowerment, Ambassador Mutale noted that it is important for the African story to be told from an African perspective.Africa Advancement Forum Global Summit 20216

“It is hard for me to learn that Africa’s heroes are left out of the history books of our children and our children have to depend on movies such as ‘Wakanda’ which has fictional African superheroes and yet we have real African superheroes living among us.,” she stated.Africa Advancement Forum Global Summit 20214

The summit hosted a series of panel discussions which saw several astute and accomplished individuals contribute to various topics on Africa’s development.

The Vice President of Liberia, Her Excellency Jewel Taylor in contributing to a panel discussion on the topic ‘Powerful Women Leveraging Their Network to Develop Africa,’ stressed on the need for African women to be involved in decision making and policy formulation.Africa Advancement Forum Global Summit 20213

“What are we asking for? All that we are asking is equality. To be a part of the discussions that affect our lives whether in peace time or in war. Every decision that is made by the legislature and implemented by the executive, there is something that affects women whether it is education or whether it is access to water. When we went to villages, they still built wells at the end of the village. Women have to walk all the way from their home, sometimes 40 miles. But why, why are the men building the wells at the end of villages?

They say that when women gather, they make noise and they gossip but do they know the harm they are putting their wives and their daughters into? People get raped, people get attacked and all sort of things. So it is important to get women in that space (leadership) because when decisions are being made, a woman looks at it from a totally different level,” she stressed.Africa Advancement Forum Global Summit 20212

On his part, the Managing Director of Metro TV Ghana, Kayode Akintemi who also contributed to a panel discussion on the topic “Changing the Global Perception of Africa,” spoke about why Africa should re-present its image on the global scene and how the media can effectively contribute to such an agenda.

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Let’s stop focusing on what is or what went wrong, let’s start to focus on solutions. When you live in the past you are only sacrificing your present and the feature.Africa Advancement Forum Global Summit 20211

“And words spoken to you will remain words until you give them meaning and attach power to them; that is when they have effect in your lives. Live your lives not based on what others say , but based on what your inner self tells you. Surround  your self with good people” Ibrabim B. Dauda

“Africa must fine a way of putting across its own message, telling the African stories from the African perspective. Like AY said, the name your call your child, if you name your child blessing everyone will call your child blessing. But if you name your child a thief everyone will call your child a theif. The way we have chosen to tell our own story is the way people will help us call. But the worst situation we have on our hands is we are not telling our story.

We have to do that telling, nobody is going to tell it the way we want it. CNN and BBC, the perspective they are putting out there is not going to help us because it is not in their interest.

Other personalities who were on hand to contribute to the panel discussions included award winning Nigerian comedian Ayodeji Richard Makun, also known by his stage name A.Y, Dr Linus Okorie of the COTNI Leadership Institute, Dr Ambassador Utchey Odims and Sara Nana Yeboah a nursing specialist who spoke passionately about the health sector in Africa.

Also present at the summit was the High Commissioner of Seirra Leone to Ghana, Burkina Faso and Togo, Her Excellency Virginia Henderson and Dr Ibrahim Bello Dauda.

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The 2021 Africa Advancement Forum Global Summit concluded with an Africa Business Forum later in the day where top African business personalities, start-ups, and entrepreneurs from a various sectors and disciplines met to discuss ideas as well as an Award Dinner Gala held in the evening at the Kempinski hotel in Accra.

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OldSwat features Unsigned and Talented artist; Quame Rhymz on “Obrefour”

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Obrefour

Ghana-born Belgian music producer known as OldSwat has started an initiative to give unheard, talented and unsigned artists the platform to share their stories with the world. “Obrefour” featuring Quame Rhymz is the first single off this project. The 14-track project titled “The Discovery” album features 14 talented up-and-coming artists from Ghana. (more…)

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Consolidated Bank Ghana LTD Leads GHS 600 million Note Programme Listing for Kasapreko Co. PLC on Ghana Fixed Income Market

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Consolidated Bank Ghana LTD (CBG) in a strategic partnership as a joint lead arranger has lauded Kasapreko Co. Plc, an indigenous beverage manufacturer, for its ambitious growth plans following the official listing of the Series 1 GHS 600 million Note Programme on the Ghana Fixed Income Market (GFIM).

The funds raised will bolster Kasapreko Co. Plc’s working capital, financing capital expenditures such as operational expansion, and refinancing short-term debts.

Speaking at a joint press briefing in Accra, the Managing Director of CBG, Mr. Daniel Wilson Addo, emphasized the significance of the transaction, indicating that this is the first time an indigenous Ghanaian Bank has worked with an indigenous manufacturing company to raise funding from local pension funds in the public market. This signifies fostering strong partnerships among indigenous companies to overcome financing challenges innovatively. 

He added that the funding which is at a cost significantly lower than the Ghana Reference Rate (GRR) for borrowing will cushion Kasapreko Co. Plc’s operations significantly.

He underlined the importance of addressing risks associated with Small and Medium-sized Enterprises (SMEs) while encouraging financial institutions and industries to develop financial structures that meet the evolving risks effectively.

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Mr. Addo stated, “This transaction is a testament to our overriding ambition to make an impact in the communities in which we operate. We stand with you in good times or in bad times”.

According to Mr. Addo, the support for Kasapreko Co. Plc highlights the economic impact of CBG’s lending philosophy.

The Managing Director of Kasapreko Co. Plc, Mr. Richard Adjei, welcomed the innovative financing source, describing it as a relatively cheaper capital and sustainable solution for business growth.

Mr. Adjei expressed his gratitude towards CBG for enabling them to explore alternatives beyond traditional Banks. With the infusion, Kasapreko Co. Plc aims to expand production capacity and enhance its participation in the African Continental Free Trade Area (AfCFTA), having already exported products to Kenya and South Africa.

In attendance were Management members of the Consolidated Bank Ghana LTD (CBG) including the Deputy Managing Director of Operations and Technology, Mr. Thairu Ndungu; Deputy Managing Director of Corporate Resources, Madam Nana Ama Poku and Director of Finance and Strategy, Mr. Charles Appiah and other senior executives of the Bank.

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Mr. Gregg Pitt, Deputy Managing Director; Mr. Humphrey Hessel-Appiah, Finance Director; Mr. Gerald Bonsu, Commercial Director; and Mr. Isaac Adjei, a Board Member, all of Kasapreko Co. Plc were also present.

Consolidated Bank Ghana LTD (CBG) is wholly owned by the Government of Ghana and operates as a universal Bank with 114 branches in 13 regions of Ghana. The Bank has strong government support, a large SME client network, and a pool of diverse talent.

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Telecel Ghana Network Update

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Telecel Launch

Telecel Ghana has multiple sources of internet services through SAT3, WACS, ACE, and submarine fibre links to other international providers.

On the 12th of March 2024, Telecel Ghana lost internet capacity provided by WACS subsea cable, and immediately switched to ACE to maintain service.

On 14th March 2024, Telecel Ghana lost internet connectivity from its remaining providers SAT3 and ACE due to a cut in their undersea cables. This resulted in the disruption of data services on Mobile and Fixed networks.

Telecel Ghana has now secured new internet capacity and is progressively adding more capacities through local and international partners, including other Telecel subsidiaries. This, is in addition to local caching solutions which are enabling access to some content services such as YouTube, Facebook, Netflix etc.

Telecel Ghana sincerely appreciates the patience and understanding of its customers during this period. All customers will be refunded accordingly. 

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Please note that information circulating on social media platforms about the disconnection of Telecel Ghana due to debts owed is false and should be disregarded.

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SuperSport to air 13th African Games on DStv & GOtv from March 19

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2023 African Games Logo

SuperSport International have confirmed that the ongoing 13th African Games will telecast on DStv and GOtv from 19th to 23rd March 2024.

The broadcast will cover a wide range of sports disciplines. Given that this is also an Olympics year, the athletics, track, and field which began today may be the most significant sport fans across the continent would love to follow.

Currently Nigeria and South Africa, led by Egypt (first), are ranked second and third, respectively, on the medal standings.

Ahead of the live feed on your DStv and GOtv starting tomorrow 19th March 2024, SuperSport is streaming live the games on the DStv Stream and GOtv Stream apps.  Subsequently from tomorrow the broadcast would be open on DStv 248 (Variety 4) (DStv) and GOtv channel 131 (Select 2).

The 13th African Games are already delivering unforgettable experiences, reconnect your decoder to be part of a celebration of diverse sporting talent and cultural unity live from Accra Ghana.

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Hollard Ghana Empowers Student Entrepreneurs with Second Edition of Streetwise Finance Business Challenge.

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Winner HSBC

Hollard Ghana, the country’s favourite insurer, with subsidiaries Hollard Insurance and Hollard Life, awards Jnelp Innovations, a student entrepreneur, with GHC 40,000 as funding at the just-ended Hollard Streetwise Finance Entrepreneurship Business Challenge held at the University of Cape Coast. 

In collaboration with the University of Ghana Business School and the University of Cape Coast, the grant-based program showcased ten talented student-led businesses that presented their business ideas to a distinguished panel of judges in a bid to secure funding. Zenags Organics won the second-place prize of GHC 20,000, and Career Path won the third-place award of GHC 10,000.

Speaking on the essence of the event, Alexander Osei Mensah, General Manager of Operations at Hollard Insurance, described the initiative as a testament to the insurance group’s efforts to nurture entrepreneurial spirit and innovation among the youth.

“As a company that does well by doing good, our purpose is to bridge the gap between the corporate world and academia. Being an entrepreneurially driven company, Hollard believes in enabling its community to create better futures. Since universities are essential in nation-building and the training ground for business leaders, we focus on engaging tertiary students to ensure they are enabled to succeed in the future with Hollard’s support. In doing so, we aim to inspire more students to explore opportunities that will lead to successful employment upon graduation, particularly through entrepreneurship,” Alex added.GROUP HSBC

Portia Sackey, the founder of Jnelp Innovations, expressed her satisfaction with the event’s outcome, stating, “We are thrilled to be winners of the Hollard Streetwise Finance Business Challenge.   We are grateful to Hollard Ghana for this opportunity to help small businesses thrive. With this funding, we will expand our business by investing in research and development for our skin product and purchasing a tricycle and two extra automatic filling machines to enable us to meet the demanding markets with our products”. 

The success of the second edition of the Streetwise Finance Business Challenge reinforces Hollard Ghana’s commitment to fostering economic growth and empowering the next generation of business leaders. The company remains dedicated to supporting initiatives that contribute to the overall development of Ghana’s entrepreneurial landscape. Student startup businesses participating in the competition include Overseas, Gamkrib, Delsoy Foods, Shuttle Track, Prifrimps Food, Geia Technology, and Firefly I.O.

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Keren Arthur, PhD, the Director of the D-Hub, urged the winners to be strategic in their decisions while remembering that entrepreneurship is an experimental process. 

“Adopt a step-by-step process for using funds and know that entrepreneurship requires a small-scale pilot before major investment. To the other businesses who competed, don’t give up. This event has added to your story, and I hope this will make you stronger and even more committed to taking the ideas forward. The doors of the D-Hub are always open to help you chart the next chapter of your story,” she added.

 

The country’s favourite insurance group is Hollard Ghana, with subsidiaries Hollard Insurance and Hollard Life Assurance. The group combines its deep local knowledge of the market, having previously operated in Ghana for 25 years as Metropolitan Insurance, with the world-class expertise of an international insurance brand in 18 countries worldwide. With feet firmly planted on Ghanaian soil but headquartered in South Africa, Hollard delivers innovative insurance solutions customised to the unique risks Ghanaians face. Hollard offers various life and general insurance products, including funeral, personal accident, motor, business, travel, home, and more, and can be reached via 0307000599. Beyond various nationwide office branches and Hollard 2U franchise shops, Ghanaians can find Hollard at Shell Fuel Station Welcome Shops, Melcom stores and online at www.hollard.com.gh, www.melcom.com/hollard-insurance and www.jumia.com.gh for all their insurance needs.

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Team South Africa withdraws hockey from African Games due to poor pitch conditions

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sa hockey

South Africa’s hockey teams have decided to withdraw from the 2023 African Games hockey competition due to concerns regarding the poor quality of the pitch at Theodosia Okoh stadium in Accra. (more…)

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