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Business News of Wednesday, 22 May 2019


Afro-Arab boss named Outstanding Young Entrepreneur of 2018

The Chief Executive Officer (CEO) and Executive Chairman of the Afro-Arab Group of Companies, Alhaji Salamu Amadu has been adjudged the Outstanding Young Entrepreneur of the Year 2018 at the 9th Entrepreneur and Corporate Executive Awards in Accra.

A citation accompanying the award commended him for business acumen and described him as a motivation to all Ghanaian youth.

The citation also acknowledged the success and profitability of his businesses including the Afro-Arab Microfinance Company Limited, a tier-2 microfinance company licensed by the Bank of Ghana

Other winners at the awards held on May 4 included the Board Chairman of GOIL, Mr Kwamena Bartels who was named the “Outstanding Board Chairman of the Year 2018 as well as Dr John Ofori Tenkorang, the Director General of SSNIT, and Mr Santokh Singh, the Managing Director of Multi TV, who won in other categories.

Speaking at the event, Minister for Business Development, Mohammed Awal, advised private sector players to share their business ideas with young entrepreneurs so that they will learn to grow beyond the borders of the country to survive shocks from the Continental Free Trade Agreement.

"Many of the businesses that have been created some 20 years ago, are no more because the owners are not alive.

“Very soon the whole of Africa is going to be integrated, we have signed the Continental Free Trade Agreement and the only way Ghana can become competitive in the market is to have successful business ideas that can go beyond their owners," he stressed.