AFRICA TERTIARY ENTREPRENEUR'S AWARDS 18 SCHEDULE

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B.O.G approves the merger of Sahel Sahara and Omni banks

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Source: Graphic Business           The Bank of Ghana has approved the proposal by Sahel Sahara and Omni Bank to consolidate their operations into one entity to help meet the new minimum capital requirement of GHS400 million. The approval was communicated to the two banks on August 14, paving the way for the board and management of Sahel Sahara Bank and Omni Bank to announce their merger deal later this month. Sources say the boards of the two banks had been locked in meetings to finalise the plan and allow for actual integration of their respective operations to start. While Omni Bank is owned by Dr Joseph Siaw Agyepong and his wife, Sahel Bank is owned by 13 Sahelian countries and has been operating in the country since March 2009. Sahel Sahara's merger with Omni follows its decision to exit an earlier merger deal with GN Bank and Premium Bank. Reason for merger The consolidation of the two banks is to create a stronger ban...
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In pictures: Hurricane Florence strikes the eastern US

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SOURCED: BBC NEWS Image copyright REUTERS Image caption Hurricane Florence seen off the US east coast, over the Atlantic Ocean Hurricane Florence made landfall in North Carolina on Friday, drenching the East Coast area of the United States. Five deaths have been linked to the storm and thousands of people spent the night in emergency shelters. Originally categorised as a hurricane, Florence has since been downgraded to a tropical storm. Evacuation warnings have been issued for 1.7 million people as it moves across North Carolina, South Carolina and Virginia. Here is a selection of striking images from when it hit. Image copyright REUTERS Image caption Many residents in affected areas boarded up their homes and businesses before the storm hit Image copyright REUTERS Image caption The storm caused many roads, towns, and cities to be flooded Image copyright GETTY IMAGES Image caption Some North Carolina residents had to be evacuated by emergency teams Image copyright JOJO TUR...
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INDEPENDENCE DAY IN LIBERIA

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Every 26th July is Independence Day in Liberia, commemorating the 1847 declaration of independence by the US colony of Liberia Beginning in 1822, freed slaves from the US began colonising what today is the nation of Liberia on the west African coast. The colonists ultimately set up a government modeled on the US Constitution and declared their independence in 1847. The US did not oppose and try to put down the “rebellion”. However, there was long tension in Liberia between the descendants of settlers and those of the original tribes inhabiting the region. This tension played a big role in the civil war that raged in Liberia for 14 years, beginning in 1989. Finally, a free election put Charles Taylor in office as president in 1997, and democratic rule was reaffirmed. On 26 July, Liberia remembers its declaration of independence and its establishment as the first free black republic on the continent. There are parades, parties, a grand ball for the nation’s leaders in Mo...
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