{
}
The Bank of Ghana is overseeing the ongoing sale of shares in Société Générale Ghana, with several prospective buyers showing interest. Governor Johnson Asiama confirmed that the central bank will ensure compliance with regulatory requirements before granting final approval, as negotiations between shareholders continue. This follows a strategic review initiated by the Société Générale Group, which holds a 60.22% stake in the bank.
The Governor of the Bank of Ghana, Dr. Johnson Asiama, confirmed that the sale of shares in Société Générale Ghana is in progress, with potential buyers currently engaging with the central bank. He emphasized the importance of ensuring that all investors meet the necessary fit and proper requirements to uphold the financial sector's integrity. Meanwhile, the Managing Director of Société Générale Ghana, Hakim Ouzzani, addressed rumors about the bank exiting Ghana, clarifying that such claims were unfounded and not issued by the bank or its group.
The Governor of the Bank of Ghana, Dr. Johnson Asiama, announced that the sale of shares in Société Générale is in progress, with multiple prospective buyers showing interest. The central bank is ensuring that any buyer meets the necessary fit and proper requirements before proceeding with the transaction. This follows Société Générale's plans to exit the Ghanaian market, aiming to focus on more strategic locations in Africa.
The sale of shares in Société Générale is currently in progress, with prospective buyers engaging with the Bank of Ghana to ensure they meet regulatory requirements. Governor Dr. Johnson Asiama stated that the central bank is awaiting negotiations and agreements before proceeding further. Meanwhile, Société Générale Ghana's management has clarified that rumors of the bank exiting Ghana are unfounded, emphasizing their commitment to strengthening their capital base.
Paysky, a leading digital fintech solutions provider, has secured $6.75 million to enhance Africa's fintech infrastructure. Recognized among Forbes Middle East’s Top 50 Fintech Companies for the third consecutive year, the company operates in 18 countries and processed over $3.9 billion in transactions in 2024. Its innovative offerings include national payment systems, the Yalla Super App, and various digital payment solutions aimed at driving financial inclusion and digital transformation across the region.
Morgan Stanley has initiated coverage on Hershey with an Equalweight rating and a price target of $183, noting improved top-line growth and stabilization in market share. However, the firm remains cautious due to cocoa price volatility and recent downward revisions in earnings estimates by analysts. In other developments, Hershey appointed Stacy Taffet as Chief Growth Officer and amended its bylaws to enhance corporate governance. The cocoa market is also seeing changes, with Ghana reporting a significant increase in cocoa arrivals, which may influence future pricing dynamics.
Saudi Nayla Finance has raised $4 million to support micro-enterprises, while Paysky, a digital fintech leader, has been recognized among Forbes Middle East’s Top 50 Fintech Companies for the third consecutive year. Founded in 2017, Paysky operates in 18 countries, offering innovative digital payment solutions, including the Yalla Super App, which has processed over 17 million transactions since its 2022 launch. The company continues to focus on expanding financial inclusion and driving digital transformation across emerging markets.
Saudi Nayla Finance has raised $4 million to support micro-enterprises, while Paysky, a digital fintech leader, has been recognized among Forbes Middle East’s Top 50 Fintech Companies for the third consecutive year. Founded in 2017, Paysky operates in 18 countries, offering innovative digital payment solutions, including the Yalla Super App, which has processed over 17 million transactions since its 2022 launch. The company continues to focus on expanding financial inclusion and driving digital transformation across emerging markets.
UAE-based PlaysOut has secured $7 million in a seed funding round led by KBW Ventures to expand its mini-game ecosystem, valuing the company at $70 million. The funding will enhance its blockchain-powered mini-game engine, targeting growth in the US, MENA, and Asia.Meanwhile, ORO Labs raised $1.5 million to transform gold into a yield-generating asset through blockchain technology, allowing users to earn yield and trade gold-backed assets. The startup aims to bridge traditional gold markets with Web3 finance, leveraging the UAE's robust gold trade environment.
UAE-based PlaysOut has secured $7 million in a seed funding round led by KBW Ventures to expand its mini-game ecosystem, valuing the company at $70 million. The funding will enhance its blockchain-powered mini-game engine, targeting growth in the US, MENA, and Asia.Meanwhile, ORO Labs raised $1.5 million to transform gold into a yield-generating asset through blockchain technology, allowing users to earn yield and trade gold-backed assets. The startup aims to bridge traditional gold markets with Web3 finance, leveraging the UAE's robust gold trade environment.
GHA
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
bank of ghana oversees sale of societé générale ghana shares
13:26 30.03.2025
bank of ghana oversees ongoing sale of shares in societe generale
13:01 30.03.2025
ongoing sale of shares in société générale attracts multiple prospective buyers
10:34 30.03.2025
ongoing sale of shares in societe generale attracts prospective buyers
16:28 29.03.2025
paysky secures recognition and funding to enhance fintech infrastructure in africa
United States Dollar
Visa Inc.
BHR
MLI
TGO
GHA
BWA
EGY
ARE
SDN
PAK
BEN
QAT
SEN
LBY
UGA
SAU
CIV
CMR
Waleed Sadek
Show more
20:15 24.03.2025
Morgan Stanley assigns equalweight rating to Hershey with price target of 183
Peruvian Sol
United States Dollar
PepsiCo, Inc.
The Hershey Company
GHA
USA
Tricia Brannigan
Arun Sundaram
Stacy Baum Taffet
Show more
09:41 24.03.2025
paysky secures top fintech recognition and expands digital payment solutions in mena
United States Dollar
Visa Inc.
BHR
MLI
TGO
GHA
BWA
EGY
ARE
SDN
PAK
BEN
QAT
SEN
LBY
UGA
SAU
CIV
CMR
Waleed Sadek
Show more
18:42 23.03.2025
paysky secures top fintech recognition and expands digital payment solutions in mena
United States Dollar
Visa Inc.
TGO
QAT
LBY
GHA
MLI
BHR
ARE
CIV
BWA
CMR
SEN
PAK
SAU
SDN
UGA
EGY
BEN
Waleed Sadek
Show more
18:42 23.03.2025
UAE startup PlaysOut secures 7 million dollars to expand mini-game ecosystem
United States Dollar
BHR
MLI
TGO
GHA
BWA
EGY
ARE
SDN
PAK
BEN
QAT
SEN
LBY
UGA
SAU
CIV
CMR
Roberto Colucci
Usman Saleem
Jassem Osseiran
Show more
15:28 23.03.2025
UAE startup PlaysOut secures 7 million dollars to expand mini-game ecosystem
United States Dollar
TGO
QAT
LBY
GHA
MLI
BHR
ARE
CIV
BWA
CMR
SEN
PAK
SAU
SDN
UGA
EGY
BEN
CHN
Roberto Colucci
Usman Saleem
Jassem Osseiran
Show more
15:28 23.03.2025
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Banking Regulations
Retail and Consumer Goods
Finance Mergers & Acquisitions
Global Financial Events
Industry Mergers & Acquisitions
CEO Changes
Workplace Trends
Central Bank Actions
Global Trade Developments
Market Analysis and Predictions
Financial Scams and Security
Government Policies
GDP Growth & Recession Forecasts
Inflation and Monetary Impact
Government Economic Policies
Supply Chain Management
Startups & Entrepreneurship
Countries:
Companies:
JPMorgan Chase & Co.
The Goldman Sachs Group, Inc.
Tesla, Inc.
Barclays PLC
Apple Inc.
Deutsche Bank Money Market PP
Credit Suisse Lux Digital Healt
Bank of America Corporation
Wells Fargo & Company
Citigroup Inc.
BNP Paribas SA
Banco Santander, S.A.
Morgan Stanley
UBS Group AG
Lloyds Banking Group plc
Commerzbank AG
UniCredit S.p.A.
Huawei Technologies CO. Ltd.
SpaceXCoin USD
Berkshire Hathaway Inc.
Currencies:
United States Dollar
Euro
British Pound Sterling
Chinese Yuan
Swiss Franc
Japanese Yen
Indian Rupee
Australian Dollar
Russian Ruble
Danish Krone
Canadian Dollar
Mexican Peso
United Arab Emirates Dirham
Offshore Chinese Yuan
Hong Kong Dollar
Indonesian Rupiah
Saudi Riyal
South Korean Won
Turkish Lira
Malaysian Ringgit
People: