The Ghanaian government has taken back full ownership of the Tema shipyard. The government reclaimed the 60% share it sold to the Penang Ship Building Co. of Malaysia.



Koku Anyidoho, director of communications at the Office of the President, told journalists in Accra, "The decision to urgently salvage such a Strategic Asset was taken in the supreme interest of Ghana, especially at a time that oil and gas have been discovered in commercial quantities, and with sea traffic moving…

President Goodluck Jonathan has set out plans to stop the importation of cement by the first quarter of 2012 as Lafarge begins production of 2.5 million metric tons of cement per annum at its new Ewekoro plant in Ogun State.



President Jonathan, speaking at the commissioning ceremony of the new Lafarge Ewekoro plant in Ogun State, said the Federal Government is currently working with cement manufacturers to achieve the aim of self sufficency in cement production by…

Mr. Koome Mwambia, the chief executive of Ogilvy East Africa Ltd, has sold part of the shares he earned in ScanGroup after a share swap deal involving the two firms last August. Regulatory fillings at the Nairobi Securities Exchange (NSE) show that Mr. Mwambia’s stake in the marketing communication agency dropped to 0.99 per cent at the end of October from 1.33 per cent in December last year.



The move earned him more than KES12mn from the more than 300,000 share shares he…

Aliko Dangote, president, Dangote Group, has directed his investment gaze in the direction of Rivers State with initial $7.7 billion (N1.2 trillion) stake in the state’s emerging energy city.



Rivers Energy City is part of the mega city concept known as the Greater Port Harcourt City which cuts across eight local councils including Ogu/Bolo, the host council of the energy city.



Dangote has already made open visits, having inspected the large expanse of land beside the waters…

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