Business

Ghana hits cocoa production target

Ghana, the world's second largest cocoa grower, could reach its target of producing one million tonnes of the main ingredient in chocolate next season, a year ahead of schedule, a senior government official has said. Yaw Effah-Baafi, Deputy Minister for Food and Agriculture (Crops), said the West African country expects to produce around 850,000 tonnes of cocoa this season though much of it will remain off the books due to smuggling

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India pitches for stake in Ghana’s energy sector

India has sought a greater role in Ghana’s energy sector, pitching for more tie-ups between ONGC Videsh (OVL), the overseas exploratory and acquisition arm of the state-run upstream major, and oil companies of the African nation. Commerce and industry minister Anand Sharma, who visited Ghana as part of India’s “Focus Africa” policy, discussed this in his talks with Ghanaian President John Evans Atta Mills and ministers

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Nigeria and China Building Huge Free Trade Zone in Lagos

China and Nigeria are building one of Africa's largest free trade zones in the commercial capital, Lagos. Chinese companies will use the facility to manufacture goods for export throughout Africa. On the tip of the Lekki Peninsula in Lagos, Nigeria and China are building a 16,000 hectare free trade zone to develop local manufacturing and reduce Nigeria's dependence on imported consumer goods

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Apple releases New iPod Music Player

Portable music players have been getting smaller and more sophisticated, a trend started in part by Apple's popular iPods. Now, Apple is hoping to spark new sales around the world with its next generation of players which it says are even smaller, better and more connected than ever before

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Nigeria Granted Highest Air Safety Rating by US

The Federal Aviation Administration (FAA) said Monday that Nigeria had met international air safety standards. Harold Demuren, director of the Nigerian Civil Aviation Authority, said the “category one status” means Nigeria can use its own aircraft and crews to fly direct to the United States

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