Two Ghanaians have been named in Forbes Magazine’s 30 best young entrepreneurs under age 30 in Africa.
23 year old Sandra Appiah and 28 year old Isaac Boateng are co-founders of a New York city-based new media company called Face2Face Africa.
Forbes enlisted an independent panel of 12 judges to identify Africans below 30 years who are making the most dramatic impact across the continent and Sandra Appiah and Isaac Boateng’s company made the cut.
Apart from the Ghanaians, the list included about 7 South Africans, 7 Kenyan’s, and 4 Nigerians.
Malawi, Tanzania, Congo, Uganda and Cameroon and Zimbabwe all had one each.
The activities of these young African entrepreneurs cut across Real Estate, Financial Services, Manufacturing, Media, Tech, Green tech, Healthcare, Agriculture and Fashion.
Face2Face Africa, run by Sandra Appiah and Isaac Boateng has three divisions: an outfit that publishes a magazine which explores African development, culture, entertainment and fashion, an events business and a thriving website.
By: Nana Boakye-Yiadom/citifmonline.com/Ghana
banks.
The banking sector regulatory body said this in a letter with reference number:
"BSD/DIR/GEN/LAB/06/003," dated January 31; a copy of which was posted on its website.
The letter titled: "Review of Risk Weights on Certain Exposures in the Computation of Capital Adequacy," was approved by the Director of Banking Supervision of the Central Bank, Tokunbo Martins.
The regulatory body raised risk weighting on loans to the public sector from 100 per cent to 200 per cent – effectively discouraging states and local governments from crowding out private sector credit growth.
It also raised risk weighting of sectors which account for more than 20 per cent of the loan book from 100 per cent to 150 per cent.
The Central Bank said the recent crisis in the Nigerian banking industry highlighted several weaknesses in the system, key of which was the excessive concentration of credit in the asset portfolios of banks.