Billionaire Castel to Acquire Diageo’s Unit, Expanding Beverage Empire in Ghana

In a significant move within the beverage industry, billionaire entrepreneur Alain Castel is set to acquire Diageo's subsidiary, Guinness Ghana Breweries Limited. This acquisition marks a critical expansion strategy for Castel as he aims to strengthen his footprint in the rapidly growing Ghanaian market. The deal, which is valued at approximately $500 million, emphasizes the increasing competition in Africa's beverage sector, particularly in the alcoholic drinks segment.

Continue reading

Ghana Celebrates Historic Trade Surge as Gold Exports Propel $5 Billion Surplus

In a remarkable shift for its economy, Ghana has achieved its first trade surplus in over a decade, reaching an impressive $5 billion. This new economic milestone has been primarily fueled by a significant increase in gold exports, highlighting the country's pivotal role in the global gold market.

Continue reading