News from African stock market traded companies
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Sep 4, 2024 –
What is one significant insight about the bank’s risk management strategy? One significant insight about the bank’s risk management strategy is that all risks are qualitatively and quantitatively evaluated on a recurring basis, and once identified, various mitigating measures are implemented to manage the degree of associated risk. Furthermore, the […]
Articles | Ghana | Banking
Sep 3, 2024 –
What is the projected profitability potential of the Ewoyaa Lithium Project according to the Mining Lease terms? The terms of the Mining Lease project a strong commercial viability and exceptional profitability potential for a 2.7Mtpa steady-state operation, producing a total of 3.6Mt of spodumene concentrate over a 12-year mine life.
Articles | Ghana | Mining
Aug 19, 2024 –
What are the key financial highlights of the Total Petroleum Ghana Limited’s 2023 Annual Report? The key financial highlights include a revenue of GH¢6,059 million, a consolidated profit after tax of GH¢172 million, and the Company’s profit after tax standing at GH¢169 million. In addition, an interim dividend payment of […]
Articles | Ghana | Energy
Aug 1, 2024 –
What are the key takeaways from AngloGold Ashanti’s Q1 2024 interim report? The key takeaways from AngloGold Ashanti’s Q1 2024 interim report include a 2% increase in Q1 gold production, improvements in safety measures, and confirmation of the 2024 full-year gold production guidance. Despite challenges such as floods in Western […]
Articles | Ghana | Mining
Benso Oil Palm Plantation Limited Reports 3% Revenue Growth Despite 37% Decrease in Operating Profit
Jul 5, 2024 –
What were some of the challenges faced by Benso Oil Palm Plantation Limited in 2023 and how did they address them? In 2023, Benso Oil Palm Plantation Limited faced challenges such as global economic uncertainties, an overall decrease in the world market price of Crude Palm Oil (CPO) and Palm […]
Articles | Ghana | Agricultural
Jul 2, 2024 –
Question: What are Dannex Ayrton Starwin’s key focus areas for the upcoming year? Answer: Dannex Ayrton Starwin’s key focus areas for the upcoming year include halting the decline in sales volumes, continuing cost optimization to drive operational efficiency, investing in brand equity, renewing key assets, improving employee skills, and ensuring […]
Articles | Ghana | Pharmaceuticals
Jul 2, 2024 –
What was Societe Generale Ghana’s focus in terms of corporate social responsibility in 2023? In terms of corporate social responsibility, Societe Generale Ghana focused on sustainable development and Environmental and Social governance, with a goal to reduce its direct carbon footprint by half by 2030.
Articles | Ghana | Financial
Jun 7, 2024 –
What strategy does MTN Ghana aim to pursue despite challenging macroeconomic conditions? MTN Ghana aims to execute its Ambition 2025 strategy which focuses on cost efficiency to safeguard margins and preserve liquidity, investing in infrastructure to improve the quality of connectivity and related services, expanding mobile money ecosystem in partnership […]
Articles | Ghana | Technology
May 30, 2024 –
What were the key factors behind MTN Ghana’s 39.4% growth in profit after tax in 2023? The growth in profit was driven by focused efforts on operational efficiency, commercial strategies, and investments in high network quality, coverage, customer experience, and pricing initiatives across the business. These measures, along with a […]
Articles | Ghana | Technology
May 27, 2024 –
What were some of the major strategic milestones achieved by Tullow Oil Plc in 2023? In 2023, Tullow Oil Plc’s major strategic milestones included the on-time and within-budget launch of the Jubilee South East development, the reduction of net debt to $1.6 billion, enhanced safety performance, and progress towards sustainability […]
Articles | Ghana | Energy
May 13, 2024 –
What were some key milestones for Tullow in 2023? Key milestones for Tullow in 2023 included the start-up of Jubilee South East which improved production rates, the generation of $170 million of free cash flow, and the reduction of net debt by over $250 million. Tullow also executed a $400 […]
Articles | Ghana | Energy
Mar 26, 2024 –
What were the strategies employed by MTN Ghana to handle the challenging economic situation in the country in 2023? MTN Ghana remained focused on its Ambition 2025 priorities which involved growth, cost efficiency, and stakeholder value creation. The company successfully grew its service revenue by 34.6% YoY despite the challenging […]
Articles | Ghana | Technology