Banks wrote-off ¢1.01 billion for the first half of this year, about 25% more than the same period last year. According to the Domestic Money Banks Income Statement Highlights, the bad debt was classified as loan losses, depreciation, amongst others. However, the general size of loans and advances went up. Read more…
Ghanaâs cedi is the eight best performing currency on the African continent despite starting the year as the best performing currency in the first two months. It is, however, second in the ECOWAS sub-region, behind the CFA franc, among currencies tracked by joy Business. It has witnessed both quicker and slow Read more…
World Trade Centre Accra (WTC Accra) and Silent Eight have announced a partnership to enhance the capacity of governments and the financial services industry in Africa. The collaboration with the global RegTech firm with offices in Singapore, London, New York and Warsaw is to combat the âthree illsâ of international Read more…
We dive into Palantir’s finances, Apple fires back against Epic Games and Lambda School raises funding. This is your Daily Crunch for August 21, 2020. The big story: Palantir docs show $579M net loss Danny Crichton got a hold of the confidential S-1 filing for secretive data analytics company Palantir Read more…
The Deputy Director-General of Ghana Education Service in charge of Managerial Services has revealed that pre-tertiary level private owned schools will not be included in the ongoing reforms in the sector. Anthony Boateng at a GES Workshop on Secondary Education Improvement Project, said deliberations are being held to make the Read more…
Flagbearer for the National Democratic Congress (NDC) John Mahama has arrived in the Oti Region for a three-day tour. He was received by enthusiastic members clad in the party paraphernalia amid drumming and dancing. The presidential aspirant has been asking residents in the Nkonya Ahenkro and Ntumda areas to vote Read more…
Koo Fori has taken to social media to post a tribute remembering his late wife who passed away 10 years ago. The actor born Seth Kwabena Kyere Karikari, reminisced the circumstances that led to the death of his wife who at the time had just welcomed their baby girl. “You Read more…
A 32-year-old painter has been dragged to court for sodomising a 14-year old boy. Foster Nyarko Batious has, however, been granted a ¢20,000 bail, with three sureties; one to be justified. Foster Nyarko Batious pleaded not guilty to the charge and would reappear before the Kumasi Circuit Court presided by Read more…
Minister for Interior Ambrose Dery has assured the Ghana Police Service that its personnel would continue to retire under the CAP 30 pension scheme and the Constitutional Instrument 76 (C.I. 76). Speaking on behalf of the Vice President at a ceremony held in Accra to Commission the four-storey Cantonments Divisional Read more…
We are continuing to make progress through Palantirâs leaked S-1 filing, which TechCrunch attained a copy of recently. We have covered the companyâs financials this morning, and this afternoon we talked about the companyâs customer concentration. Now I want to talk a bit about its ownership and stock valuation. First, Read more…
We are still walking through Palantir’s leaked S-1, which as of the time of this writing, hasn’t yet been filed and published by the SEC. This morning, we discussed some of Palantir’s financials, including its revenues, margins, and net losses. Leaked S-1 screenshots show Palantir losing $579M in 2019 The Read more…
Welcome back to Human Capital, where we unpack the latest in diversity, equity and inclusion, and labor issues in the tech industry. In this week’s edition, we’re looking at the latest in Uber and Lyft’s court battle to keep their drivers classified as independent contractors, Pinterest’s well-timed announcement of a Read more…
Rocket Lab has made a remarkable recovery after losing a payload during a mission failure on July 4 — just eight weeks later, the company has set a launch window for its next dedicated commercial mission that spans 12 days beginning August 27 at 3:05 PM local New Zealand time. Read more…
Apple has filed legal documents opposing Epic’s attempt to have itself reinstated in the iOS App Store, after having been kicked out last week for flouting its rules. Apple characterizes the entire thing as a “carefully orchestrated, multi-faceted campaign” aimed at circumventing â perhaps permanently â the 30% cut it Read more…
Charles Yu Contributor Share on Twitter Charles is a principal at Bling Capital and manages his own angel investment vehicle. Previously, he was an investor at TI Platform Management and Manhattan Venture Partners. He has quarterbacked investments in nine unicorns over the course of his career. As a founding member Read more…
So you’re looking for a storage unit to put some stuff in for a few months. Maybe you’re moving and your new place isn’t ready yet — or maybe you’re just looking to declutter and want to tuck some stuff away for a while and see if you’re really ready Read more…
It has been nearly a decade since Anu Duggal, founding partner of Female Founders Fund, started raising money to invest in women-led startups. In 2020, the investor says her thesis — that there will be a generation of successful venture-backed businesses built by women — is one you canât avoid. Read more…
The website for tests in England and Wales crashes on the morning of relaunching following the lockdown. Source: BBC
Founder of the Ghana Freedom Party Akua Donkor has been dragged to court alongside Wontumi Communications for alleging that former President John Mahama is the face behind the controversial phrase ‘Papa No’. The plaintiff, only identified as Mary Awusi is demanding a total of ¢1,000,000 from the defendants for claiming Read more…
At least three people have died and more are feared trapped after a fire broke out at a hydro-electric power plant in the Indian state of Telangana. The bodies were found by rescuers trying to reach nine employees working underground at the Srisailam plant.Local media reports said the fire broke Read more…