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ExxonMobil Pledges $1.5 Billion for Major Deepwater Oil Field Expansion
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ExxonMobil has confirmed plans to invest $1.5 billion in Nigeria’s deepwater exploration and development for the next two years. The planned investment, which will be executed between Q2 2025 and 2027, will focus primarily on revitalising production at the Usan deepwater oil field. The oil major also indicated that a Final Investment Decision is…
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Kenyan woman returns from Saudi hoping for fresh start, loses all savings in farming scam
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Wawira Ngungu worked in Saudi Arabia for seven years and finally came back to Kenya in November 2024, looking forward to relishing the rewards of her hard work. After her mother passed away from cancer even though substantial funds were spent on treatments, she utilized her remaining savings to venture into agriculture. When it…
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Almighty Motion Picture Snags Film Rights for Nandini Vijayaraghavan’s “Unfinished Business”
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PNN New Delhi [India], May 7: “Capitalism in Transition” World’s Largest Democracy ” published by Penguin Random House . The book extensively explores policies and businesses, making it highly valuable as a resource for understanding business history. Thoroughly researched and well-documented business history, a relatively nascent field when concerning Indian enterprises, is admirably addressed…
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Derrick Bundi: Kenyan Innovator Leading His Company Across 7 Countries
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Derrick Bundi’s enterprising nature emerged during his high school days when he made profits by reselling bread, and this eventually led to him establishing Pretium. He pursued his studies in Business Information Technology at Taita Taveta University and accumulated practical knowledge as a software engineer prior to co-establishing Pretium. Pretium currently functions across seven…
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Shanghai’s Gold Rush: Crowds Flock to First-Ever Gold ATM as Prices Soar to Record Highs
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The first “gold recycling ATM” in Shanghai has attracted significant attention, particularly from elderly residents who wish to sell their longstanding jewelry collections amid rising international gold prices. Located within the Global Harbor shopping center in Shanghai, this facility has been attracting lengthy queues recently, necessitating reservations several days ahead of time for those…
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Colab Platforms Sets May 21 as Record Date for Major 1:2 Stock Split
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PNN Mumbai (Maharashtra) [India], May 7: Board of Directors of Colab Platforms Limited (BSE: 542866), a rising star in the nation’s sports-tech industry, has set and resolved Wednesday, May 21, 2025, as the date. Record Date To determine the eligibility of shareholders for the 1:2 stock split (division of equity shares) of the company,…
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Global dollar weakness: A window of opportunity for emerging markets like Ghana
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By Kofi Busia KYEI By 2025, the worldwide economic scene is witnessing substantial changes with the U.S. dollar (USD) facing one of its steepest downturns in many years. This period marks roughly a 9% decline from the previous year, making it the worst beginning for the currency since 1989. This devaluation, spurred by a…
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Republic Bank Boosts Pledge to Empower the Volta Region
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Republic Bank Ghana, a prominent financial entity known for its innovative strategies and customer-centric philosophy, remains dedicated to fostering comprehensive national progress through significant interactions in the Volta Region. These efforts are specifically targeted towards catalyzing changes in agriculture, boosting economic expansion, and enhancing access to financial services. Dr. Benjamin Dzoboku, the Managing Director…
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Growth Investment Partners and Maagrace Join Forces to Supercharge the Garment Industry
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…investment will unlock job opportunities for over 1,000 Ghanaians Growth Investment Partners (GIP) Ghana Ltd, an investment platform established by British International Investment (BII), has announced an investment in Maagrace Garments Industries Limited (MGIL), a leading Ghanaian garment manufacturing company. The investment will finance the construction of a new production facility at MGIL’s premises…