Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing US$8-billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind’s dramatic downfall.US district judge...
Verdant Capital Hybrid Fund has completed its fourth investment in just over two years since its closing, with a US$3 million preferred equity investment in Zeepay.Zeepay specialises as a Mobile Money Challenger, and is currently the biggest non-telco Mobile...
The Bank of Ghana (BoG) has appointed Dr. Joseph O. France as an Advisor for the management of Universal Merchant Bank LTD (UMB) effective 25th March, 2024.A statement form BoG said the appointment is in accordance with Section 101(1)...
MTN Business has used its 2024 edition of the annual CTIO Roundtable Africa event to highlight the importance of artificial intelligence (AI) and data, with the view to driving adoption and adaptation of same by businesses in Ghana. The theme...
Information reaching Techfocus24 indicates that the 61-year-old newly named Commissioner General (CG) of Ghana Revenue Authority (GRA), Julie Essiam had no formal appointment letter for both her former and current positions.Until she was named CG, Julie Essiam was Head...
The 62-year-old Commissioner General of the Ghana Revenue Authority (GRA), Rev. Dr. Amishaddai Owusu-Amoah has finally been replaced with another retiree, 61-year-old Julie Essiam.The CG was said to have been kept in office, without a contract, two years after...
Broadspectrum Ltd (BSL), a wholly owned indigenous Ghanaian complete ICT service providers, has won a total of nine awards including IT/Tech Firm of the Year at the 3rd edition of the Ghana Fintech Awards.This makes Broadspectrum the winner of...
MTN is making progress with its plan to separate its fibre infrastructure business, having acquired assets in Zambia and moving forward with its $315.881 million building project between East and West Africa. “Our focus is to push ahead with...
Visa and Mastercard credit card swipe fees hit a record high of $100.77 billion in 2023, according to the Merchants Payments Coalition. Swipe fees, on average, are the single biggest expense aside from labor for merchants, like convenience stores, the...
Visa and Mastercard have reached a settlement to cap credit card fees for retailers, resulting in an estimated $30 billion of savings over five years.
The antitrust settlement announced on Tuesday is one of the largest in U.S. history, and...