Search results for Ghana
Crypto
Mastercard teams up with Yellow Card to pilot stablecoin payments in Africa and Middle East
Mastercard will work with Africa-based stablecoin operator Yellow Card to examine ways to use stablecoins in key financial areas such as remittances and corporate payments in the Eastern Europe, Middle East and Africa region. The partners will initially focus on cross-border remittances, business-to-business settlements, digital loyalty ecosystems and treasury management. Pilot markets include Ghana, Kenya, Nigeria, South Africa and the United Arab Emirates, with a focus on safety and regulatory compliance.
Industry
Profit divide for Orion and Lotte Wellfood hinges on chocolate dependence
Orion and Lotte Wellfood posted higher consolidated sales last year from a year earlier, but their operating profit results diverged, industry officials said. Orion’s operating profit rose 2.7 percent, while Lotte Wellfood’s fell 30.3 percent. Both cited higher raw material costs, particularly a surge in cocoa prices. Orion’s core products are snacks, biscuits and pies, while Lotte Wellfood relies more on chocolate products such as Ghana and Pepero.
Games & Commerce
Lotte Wellfood starts up new cocoa processing equipment at Yangsan plant
Lotte Wellfood said on Tuesday it has started operating newly installed cocoa bean processing equipment on the BTC line at its Yangsan plant in South Gyeongsang Province. The company invested about 15 billion won to improve process efficiency and raise output capacity. It said the number of process steps fell 25 percent and cocoa mass output rose to 2.5 tons per hour from 1 ton. The cocoa mass is used across its chocolate products.
