Search results for Ghana
World
Global birth rates fall together; smartphones and social media may be a cause
Falling birth rates are spreading worldwide, and smartphones and social media are emerging as a key variable, a report said. More than two-thirds of countries are below the total fertility rate of 2.1 needed to maintain population. The decline is appearing in both advanced and developing countries, and researchers say economic conditions and housing costs alone cannot explain the simultaneous drop. Studies link earlier and steeper declines to regions where mobile internet spread quickly.
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.
