Category: Business

Ghana hopes ‘Year of Return’ will boost tourism. But caution is needed

Ghana has designated 2019 as the Year of Return to commemorate 400 years since the first enslaved Africans arrived in Jamestown, Virginia in the United States. The government has been running a massive marketing campaign targeting African Americans and the diaspora, and various events have been arranged. The focus has been on memorialising the liberation from slavery. But it has also served as a marketing exercise to popularise Ghana as a tourism destination with Trans-Atlantic trade appeal.

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China’s tobacco industry is building schools and no one is watching

Would you send your child to a school named after a cigarette brand? What if it was one of only two schools in your area and boasting far better infrastructure? What if the school also had an inspirational slogan such as “genius is from hard work, tobacco helps you excel” on a sign or its walls, and a tobacco company’s logo on its building? Would you care if the school was built by a tobacco company?

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How giving young people basic financial skills helps them find jobs

The picture in South Africa is a bleak one for the average 15 – 24 year old. Many have finished their schooling with a qualification of little value in the eyes of employers. And they lack the basic skills that employers now need. The result is that a staggering 39,6% (narrow definition) or 55,2% (expanded definition which includes those who have stopped actively looking for work) are unemployed.

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Why we hate making financial decisions – and what to do about it

The advice to use your head, not your heart, might not be helpful after all.
We all make tough decisions, but choices relating to money send many of us running in the other direction. Unfortunately, ample evidence indicates that aversion toward financial decisions leads many of us to put off things like funding a 401(k), saving at a sufficient rate, or just doing a better job managing our credit card debt. All of these things can hurt our long-term financial health.

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Boeing 737 MAX: how much could the grounded fleet cost the company?

Boeing’s 737 MAX fleet has been grounded by airlines around the world for the last three weeks. First flown commercially in 2017, the 737 MAX is the fourth generation of Boeing’s 737 series and it is actually not unusual for new aircraft to go through technical issues in the early years of operation. Both Airbus’ A380 airliner and Boeing’s Dreamliner were grounded in the past due to technical problems (the A380 had engine trouble in 2010 and the Dreamliner had battery issues in 2014). But the current situation is different on several fronts and could prove costly for Boeing.

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How roadblocks, not just minerals, fund rebels and conflict in the Congo

For over a decade it’s been widely recognised that rebel financing in the Democratic Republic of Congo is firmly linked to mining.
First discovered by the Belgians in 1904, the Congolese soil harbours a huge amount of precious minerals. Subsequent industrial exploitation of copper and gold became the backbone of first Belgian colonialism and later Mobutu Sese Seko’s kleptocracy.

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