Economics

South Africa's Sanlam sells stake in Ghana's Enterprise insurance business

Photo: 2ent_sanlam.jpg
Photo: 2ent_sanlam.jpg

South Africa's largest insurer Sanlam Ltd has sold its stake in Ghanaian holding company Enterprise Group's insurance business for $130 million but will retain a presence in the country, Sanlam said on Friday.

Sanlam Emerging Markets (SEM), a subsidiary of the Sanlam Group, acquired the 40 percent stake in Enterprise Insurance in 2014.


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Brexit talks 'will not consume EU', Angela Merkel warns Britain

Theresa May at the EU summit in Brussels. Photograph: Leon Neal/Getty Images

EU leaders dismiss Theresa May’s offer on citizens’ rights as inadequate while summit seeks to focus on terrorism and defence

The German chancellor, Angela Merkel, has warned Theresa May that the EU will not allow itself to be consumed by the Brexit negotiations, as the British prime minister’s offer on citizens’ rights was dismissed by Europe’s leaders as vague and inadequate.


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NEW EVIDENCE: This is The True Reason Gaddafi Was Murdered, Not For Humanitarian Reasons

Maummar Gaddafi

Maummar Gaddafi

Maummar Gaddafi

Photo: mum1459957214188_aspR_1.600_w800_h500_e.jpg
Photo: mum1459957214188_aspR_1.600_w800_h500_e.jpg
Photo: mum1459957214188_aspR_1.600_w800_h500_e.jpg

The recent Hillary Clinton email leaks have opened a can of worms everywhere including in Africa. Wikileaks released an unclassified U.S. Department of State document emailed to Clinton, dated April 2, 2011.

Sidney Blumenthal, the sender of the email confirmed what the world already suspected, Gaddafi was not killed for humanitarian purposes but for the oil and for money. His ideas of an African gold-backed currency were his major undoing.


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Ghana Gas denies reports of ‘missing’ $47.4m gas funds

Ghana Gas

The Ghana National Gas Company has dismissed reports suggesting that it is unable to account for some $47.4 million accrued from the sale of raw gas to the Ghana National Petroleum Company (GNPC).

Ghana Gas, in a statement signed by the Corporate Communications Manager of Ghana Gas, Ernest Owusu Bempah, described such reports as “untrue and misleading.”


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Ghana is still a success story for Africa - German Ambassador

German Ambassador to Ghana, HE Christoph Retzlaff

Accra June 19, GNA - The German Ambassador, Mr Christoph Retzlaff says Ghana’ democratic credentials and stable economic growth continued to make it a success story in Africa, and attractive to many foreign partnerships.

“It’s a kind of a model case for many African countries and we see a lot of potential in Ghana, and we think the idea of the G20 Compact with Africa in fostering private business is just matching the priorities of the new government here”, he noted in an interview with the GNA in Accra.


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Inviting Ofori-Atta over $2.25bn was needless - Kwarteng

Deputy Minister of Finance, Mr Kwaku Kwarteng

A Deputy Minister for Finance, Mr Kwaku Kwarteng, thinks that it was needles for the minority members of parliament to have invited the Minister of Finance, Mr Ken Ofori-Atta to the House over the $2.25 bond issue.

To him, the minority from the National Democratic Congress (NDC) side who orchestrated the minister’s invitation, did not read well, the documents relating to the bonds and that, if they had read the bonds document well, they would not have invited Mr Ofori-Atta to the House.


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UK general election 2017 live: voting opens with final polls pointing to Tory win

Britain’s Prime Minister Theresa May arrives to vote Photograph: Alastair Grant/AP

All the news as the snap election gets under way, with last-minute polls still putting Theresa May’s Tories ahead of Jeremy Corbyn’s Labour

* The Snap: sign up for our daily election email – and read today’s

* Election night: your hour-by-hour guide

* Get live results updates on Android devices

* Share your photos and stories of polling day


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London attack: Seven killed in vehicle and stabbing incidents

London area

Six people have been killed and at least 48 injured in a terror incident in London in which three male attackers were shot dead by police.

A white van hit pedestrians on London Bridge at about 22:00 BST on Saturday, then three men got out and stabbed people in nearby Borough Market.

Police said the three men were wearing fake bomb vests.

One of those hurt is a police officer who was stabbed after going to help. His injuries are not life-threatening.


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Mahama’s Interview on BBC: Global Warming Org. commends him for condemning Trump

Ex-President John Mahama

Former President John Dramani Mahama’s interview with BBC Focus on Africa has strengthened responses from global warming organisation to President Trump’s decision to opt out of the Paris Climate Agreement signed by his predecessor Barack Obama.

President Mahama prior to the interview, reacted to President Trump’s decision on his tweeter handle, describing it as a decision made from a “truly misinformed position”. The Paris Agreement was agreed upon by member nations including America to check pollution in the world and the worst polluters would be made to pay for the pollution.


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So Interesting!! How The World’s Most Interesting Man Befriended The World’s Most Powerful Man!!

A lager business icon turned into a far-fetched buddy tto the president of the United States.. It remained intriguing.

I could hear President Obama as he strolled up the way behind me and saw the numerous arrows I had set, undetected, in the bull’s-eye. I held up until I could detect him close by. At that point, with the easygoing swagger that had turned into my calling card, I turned, and pretending irritation, delivered the line I had prepared:

“What took you so long?”


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