Hot!
UK-Africa Heritage Conference set to bring culture and royalty to UK
In support of the Coronation of King Charles III, the British African Business Forum, warmly invites you to the UK African Heritage Conference. The conference is significant in more ways than one, as the Heritage Conference is bringing onboard Africa’s own royalty with rich cultural heritage and beauty from different countries across Africa whilst celebrating the establishment of Monarchy. There will be an unlimited display of Royalty and culture from Ghana, South Africa, Nigeria, Niger, Kenya, Zimbabwe, Uganda and many more, the stage is simply set for the Royals.
Empirical evidence gathered since the 1970s shows that most sub-Saharan businesses and entrepreneurs struggle to grow their businesses and are more likely to fail, due to the high levels of uncertainty and risk in their local environments. This instability is brought about by many factors including political and economic instability, changes in global commodity prices and regulations.
Thus, the UK African Heritage Conference seeks to increase trade, support and create investment and business opportunities between the UK and Africa to help these businesses. The conference will provide a forum to discuss entrepreneurship, banking, finance, infrastructure development, healthcare, education, energy, Agri-tech, legal services, pharmaceuticals, ICT, Agriculture and many more with the aim of strengthening relations between continents and helping businesses grow.
The conference will have investors and businesspeople from top global brands both in the UK and Africa who will be present to network and share insightful knowledge, tips and strategies.
Highlights of the UK African Heritage Conference
v There will be company exhibitions and high-level networking opportunities with royalty and investors.
v There will be a fantastic gala night hosted at the House of Lords, with presentations by the Kings and Queens of Africa with a keynote address from Baroness Udin, a Member of the House of Lords, of the All Party Parliamentary of Africa.
v A grand tour of Westminster, home to the United Kingdom’s Houses of Parliament and much of the British government.
v An exciting tour of London including exciting sites of cultural and historical importance such as Buckingham palace, home to the royal monarchy, The London eye, across the Thames River and many more.
v Awards Exhibitions and Performances at the Royal Horse Guards Hotel.
Hot!
GEXIM deepens relations with US EXIM Bank
A management team of the Ghana Export – Import Bank (GEXIM) led by the Acting Chief Executive, Sylvester Mensah met with the leadership of the Export–Import Bank of the United States (US EXIM) on Wednesday April 23, 2025 in Washington DC, United States of America.
The Acting President and Chairman of US EXIM, Mr. James C. Cruse and Vice President, International Relations, Ms. Isabel Galdiz received the GEXIM delegation, which included Deputy CEO for Banking, Mr. Moses Klu Mensah and Head of International Cooperation, Mr. Jonathan Christopher Koney at the headquarters of US EXIM.
The meeting offered the GEXIM team the opportunity to share the strategic direction of the Bank in line with the resetting agenda of the President of the Republic, His Excellency John Dramani Mahama for the repositioning of the Ghanaian economy into an export-led one by providing the requisite investment to Ghanaian businesses.
Mr. James C. Cruse expressed US EXIM’s eagerness to deepen its existing relations with GEXIM and proposed the signing of a new Cooperative Framework Agreement following the expiration of a Memorandum of Understanding signed in 2019 to utilize US EXIM’s medium term loan guarantees to procure machinery by GEXIM for qualified Ghanaian Small and Medium-sized Enterprises (SMEs).
Mr.Sylvester Mensah thanked the Acting President and Chairman of US EXIM for hosting the GEXIM delegation and reaffirmed the Ghanaian government’s commitment to strengthening trade and investment between Ghana and its global partners for economic transformation of Ghana with GEXIM playing a pivotal role.
The two teams will be meeting on the sidelines of the 2025 US EXIM Annual Conference on 29th and April 30, 2025 to explore possible areas of collaboration and matching Ghanaian businesses to American companies. The meeting ended with an exchange of gifts.
Hot!
Many SOEs have been used as mere instruments for personal wealth accumulation –Pres.Mahama
President John Dramani Mahama has expressed concern over the misuse of State-Owned Enterprises (SOEs) for personal financial gain by individuals in leadership positions.
Speaking during a meeting with Chief Executives of specified entities under the State Interest and Governance Authority (SIGA) on Thursday, March 13, the President directly attributed the dire state of SOEs to their leadership, accusing chief executives, management teams, and governing boards of prioritising personal enrichment over organisational efficiency.
He pointed to bloated budgets, unjustified allowances, and unnecessary expenditures as factors draining public funds while SOEs continue to rely on government bailouts.
“Many SOEs have been used as mere instruments for personal wealth accumulation by appointees. The chief executives, management, and boards of these enterprises are responsible for this situation. Some SOEs have become perennial loss-makers, draining public funds with bloated budgets, unjustified allowances, and unnecessary expenditures while relying on government bailouts as if entitled to them. Many of these entities are at their lowest point in the entire history of the Fourth Republic,” he said.
President Mahama further noted that many SOEs have been plagued by inefficiencies, corruption, and mismanagement, leading to consistent financial losses. He cited the 2023 State Ownership Report by the State Interests and Governance Authority (SIGA), which highlighted systemic inefficiencies and wasteful expenditures within these entities.
He therefore reaffirmed his commitment to reforming under-performing SOEs and ensuring they serve national interests.
He warned that loss-making SOEs will no longer be tolerated and will either be merged, privatised, or closed.
“I will assess you based on your performance. If you do not align with the pace of the reset agenda, you may be asked to step aside. If that adds to the horror movie, so be it,” he added.
Source: Myjoyonline.com
