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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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Georgina Wood makes history, fills 22-yr-old Council of State vacancy

Former CJ, Georgina Theodora Wood and President Akufo-Addo

Former Chief Justice, Georgina Theodora Wood has been sworn in as the last of the 25-Member Council of State.

The 1992 Constitution reserves a seat for a retired Chief Justice, but for 22 years the vacancy has not been filled. The last time it was filled was in 1995 by former CJ Philip Edward Archer.

Since then three other Chief Justices have died in office or retired on health grounds. The three are Isaac Kobina Abban was expected to retire in May 2001 on health grounds but he died in the same month.


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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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Fare thee well Major Maxwell Adam Mahama

Fare thee well Major Maxwell Adam Mahama

Hundreds of mourners have converged on the Forecourt of the State House in Accra to bid farewell to the late Major Maxwell Adam Mahama, the military officer who was murdered in a mob action at Denkyira-Obuasi in the Central Region.

The funeral, expected to be heavily steeped in military tradition, is the difficult end to the short but decorated career of the rising military officer who was lynched at Denkyira-Obuasi while leading a military detachment providing security for Alaska C & G Mining Company at Diaso in the Upper Denkyira West District in the Central Region.


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