Across Africa and beyond, black entrepreneurs continue to face overwhelming obstacles in their pursuit of success, with limited financial support and systemic barriers crushing many promising business ventures before they even take off. Despite Africa being one of the fastest-growing entrepreneurial regions in the world, access to funding remains a major challenge. Many young innovators struggle to secure capital, as banks demand high collateral, investors show reluctance, and government support remains inadequate. Financial Constraints: The Biggest Hurdle Unlike in Europe and North America, where startup ecosystems offer structured funding through venture capital, grants, and angel investors, African…
Author: Ohene Anochie
Ohene Anochie
Senior Reporter with AMN News Agency, known for his insightful journalism and in-depth coverage of current events.
A shocking report has revealed that Ghana’s National Service Scheme (NSS) paid allowances to 81,000 non-existent personnel during the 2023/2024 service year, while thousands of qualified service personnel remained unpaid for months. The revelation has sparked public outrage and renewed scrutiny of financial mismanagement within the Ghana. Many affected personnel struggled to make ends meet, with some resorting to threats for protests and petitions demanding their rightful payments. Massive Payroll Fraud Uncovered According to the report, an internal audit discovered that tens of millions of Ghana cedis were disbursed to fake names, duplicate identities, and individuals who…
South African youth have come out in strong defense of Economic Freedom Fighters (EFF) leader Julius Malema, warning billionaire Elon Musk that any attempt to silence or challenge him will face resistance. The message, which has gone viral on social media under the hashtag #HandsOffMalema, follows Musk’s recent criticism of Malema and his political stance. The tech mogul, who was born in South Africa, has previously expressed concerns over EFF policies, particularly regarding land reform and nationalization. Youth Mobilization Against Musk A coalition of youth organizations, activists, and Malema supporters has condemned Musk’s remarks, accusing him of meddling…
German Chancellor Olaf Scholz has issued a strong warning against the threat punitive US tariffs pose to global trade, emphasizing the need to maintain open markets. Speaking at a meeting with British Prime Minister Sir Keir Starmer at Chequers, Scholz stressed that international trade had been a key driver of prosperity and should not be hindered by customs barriers. “The global exchange of goods and materials has proved a great success which has allowed us all to enjoy prosperity,” Scholz stated. “That’s why we must not divide up the world with customs barriers. Instead, we must make it possible…
The Council of Experts on Climate Change has released its latest biannual report, assessing Germany’s climate policies in 2023 and 2024. The report presents an overall positive outlook, noting that increased climate protection measures by the Federal Government have successfully reduced greenhouse gas emissions. While the energy sector has made significant strides in shifting away from fossil fuels, the report underscores persistent challenges in the transportation and buildings sectors. The Council stresses the need for intensified efforts to meet climate targets across all industries. Reacting to the findings, Climate Action Minister Robert Habeck expressed optimism about Germany’s trajectory.…
The Electricity Company of Ghana (ECG) has expressed deep concerns over the rising cases of meter tampering across the country, which is contributing to significant financial losses and undermining the company’s operations. Speaking at a press conference on Monday, February 3, Acting Managing Director, David Boadi Asamoah, revealed that in Dansoman alone, approximately 10% of the 70,000 installed meters had been tampered with, leading to under-recorded electricity consumption and increased technical losses. He issued a stern warning to individuals involved in illegal power connections, stating that those caught would face legal action. “We will conduct thorough investigations, and…
Ghana’s inflation rate eased to 23.5% in January 2025, marking a slight decline after four consecutive months of rising inflation, according to data released by the Ghana Statistical Service. This follows the government’s failure to meet its 2024 year-end inflation target of 15%, as inflation closed the year at 23.8% in December, up from 23.0% in November. Despite the overall slowdown, food inflation remains a major concern, rising to 28.3% in January 2025, up from 27.8% in December. Meanwhile, non-food inflation continued its downward trend, dropping from 20.3% in December to 19.2% in January. Providing insights into the latest figures,…
Kenya’s Alex Matata and Ethiopia’s Ejgayehu Taye emerged victorious at the Ras Al Khaimah Half Marathon on Saturday, securing wins in the men’s and women’s categories, respectively, in the United Arab Emirates. Matata clinched the men’s title with an impressive time of 59 minutes and 20 seconds, edging out Ethiopia’s Gemechu Dida, who finished second in 59:25. Kenya’s Isaiah Lasoi secured third place, crossing the finish line just a second later in 59:26. In the women’s race, Ethiopia’s Ejgayehu Taye, a bronze medalist in the 10,000 meters at the 2023 World Championships, dominated the field, winning in 1 hour,…
An Italian navy vessel transported a group of migrants back to Italy from asylum processing centers in Albania on Saturday, following a court ruling in Rome that blocked their immediate deportation. This marks the third failed attempt by Prime Minister Giorgia Meloni’s far-right government to process asylum seekers outside European Union borders. The Italian coast guard transferred 43 migrants from Albania’s port of Shengjin, located 66 kilometers northwest of the capital, Tirana. These individuals were among the 49 men initially sent to Albania on Tuesday via an Italian naval ship. However, six of them were returned the same…
Real Madrid will face Manchester City in a high-stakes clash in the Champions League knockout playoffs, pitting the last two title winners against each other. The draw, held on Friday, sets the stage for an epic showdown between the 2023 champions, Manchester City, and Real Madrid, the record 15-time European champions who last won in 2022. The first leg will be hosted by Manchester City on February 11 or 12, with the return leg taking place in Madrid on February 18 or 19. The winner of this two-leg encounter will advance to the Round of 16, where they will…
