The talks with Chinese President Xi Jinping focused on boosting investment and trade between the two countries.
By: Reuters.
Power Ship Steams Into Ghana Port To Help End Blackouts.
Power has become a political issue, and anger over the blackouts, which can last for 24 hours at a time, threatens President John Mahama's chances of re-election next year. He has vowed to end the power cuts by Dec. 31.
The government contracted the ship from independent Turkish producer Karpowership to generate 235 megawatts of electricity daily to help offset a national supply deficit of around 500 megawatts.
"This is only one element in our solution, but it is a very useful element," Donkor told Reuters in the port of Tema, east of the capital Accra.
"It is a strong signal that we are on course to ending the blackouts and to restoring investor confidence in our economy."
Traditional chiefs welcomed the ship on Sunday by pouring alcoholic spirits onto the ground.
The power blackouts, which have been going on for three years, stem from insufficient rain to operate hydro facilities, obsolete equipment, inefficiency and a long-term failure to add capacity to the grid.
Irregular power has compounded a slowdown in economic growth in a country that until recently was a favourite with investors.
Ghana's economy grew strongly for years through its exports of gold, cocoa and oil, but lower global commodity prices have blunted that expansion and the government began an International Monetary Fund aid programme in April.
The generating ship, Aysegul Sultan, should be plugged into the national grid by mid-December and is the first of two plants that will provide a total of 450 megawatts of power under a 10-year contract, Donkor said.
Donkor said an additional supply of up to 250 megawatts was coming next month from the Dubai-based independent producer Africa and Middle East Resource Investment.
Other projects should deliver about 1,000 megawatts starting next year that will give Ghana a power reserve, Donkor said.
By: Reuters.
What Mark Zuckerberg Has Left After Giving Away 99% Of His Facebook Shares.
Mark Zuckerberg has joined the list of the world's $1billion donors.The giveaway will take place in Zuckerberg's lifetime. He's starting early -- most billionaires, from Bill Gates to Warren Buffett, wait until their later years to start giving away their fortune.
Even if he were to give away the whole 99% today, he could still sell the remaining 1% for $450 million.
The value of that 1% holding is expected to grow. Shares in Facebook have climbed more than 180% since their market value in 2012 and most analysts have a "buy" on the stock, meaning they expect further gains.
What about cash? Zuckerberg gets paid a $1 dollar a year basic salary, like other big tech CEOs. He'll get a few hundred thousand dollars a year more in company benefits.He's also made some money cashing in Facebook shares.
When Facebook went public in 2012, Zuckerberg sold 30.2 million shares for a total of $1.13 billion. Then in 2013, Zuckerberg cashed in some of his share options to the value of $3.3 billion (£1.9 billion). At the time, Facebook said the cash would go on private jets needed for security reasons and to pay his tax bills.
Then there's property. Zuckerberg spent $10 million on a house in the Dolores Heights part of San Francisco. Last year, he was rumoured to have spent $200 million or more on land in Kauai, the smallest of the Haiwaiian Islands.
By: Indiatimes.com.
Review: Emerging Market Formulations & Research Unit, Flagship Records.
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