Finance

LVMH boss Bernard Arnault overtakes Bill Gates as world’s second-richest person

It’s the first time since the index was created seven years ago that Gates has dropped out of the top two. Arnault has a net worth of around $108 billion, according to the index, having added $39 billion to his fortune in the past year. Microsoft (MSFT) founder Gates is worth $107 billion.  The two men have also traded …

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Dubai court upholds ruling in favour of NAM1, orders Royal Horison to pay $39m

The Dubai high court hearing the case involving Menzgold CEO, Nana Appiah Mensah and his Arabian debtors, Royal Horison, has upheld its earlier ruling ordering the United Arab Emirates-based company to pay up $39 million owed the Ghanaian. The court at its sitting on Tuesday over an appeal filed by Royal Horison also ordered the …

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Supermarkets in Ghana sell only 18% local goods – Report

Only 18 percent of consumable goods sold in Ghana’s leading supermarkets originate from the country.  This was captured in a report produced by a diversified international advisory firm known as Konfidants.  The report is the first in a series of Africa-wide surveys aimed at monitoring local content to help adopt a periodic framework to track …

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