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Société Générale Decides to Exit the Ghanaian Market after 20 years of Operation

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Société Générale has decided to exit the Ghanaian market after operating there for about 20 years. The bank initially entered Ghana in 2003 by acquiring a 51 percent stake in the then Social Security Bank. Alongside Ghana, the French bank has also chosen to leave operations in two other African countries, specifically Tunisia and Cameroon.

This decision is part of the bank’s strategy to concentrate its resources on markets where it can establish itself as a leading bank, aligning with its overall strategy. Sources close to the bank have mentioned that Société Générale has engaged the services of investment bank Lazard to seek potential buyers for its operations in these three countries.

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Hamster Kombat Daily Cipher Code

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On July 25, 2024, the Hamster Kombat community engaged in discussions about the daily cipher code and mini-game puzzle. The daily cipher code for that day was ‘FLASH’, with each letter represented by a specific Morse code sequence.

F • • – •

L • – • •

A • –

S • • •

H • • • •

Participants were encouraged to solve the puzzle within a limited time frame to receive a Cryptic Key as a reward. The community actively shared and discussed the cipher code and puzzle solutions across various social media platforms, highlighting the interactive and community-driven nature of the Hamster Kombat game.

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Germany’s government sells off all of its #Bitcoin  holdings, totaling $2.9 billion

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The German government has sold all of its Bitcoin holdings, totaling $2.9 billion, sparking a range of reactions from the cryptocurrency community. Some see this as a positive development, suggesting that the selling pressure from the government is over and anticipating a potential market recovery.

Despite the significant sell-off, Bitcoin’s price remained stable, indicating strong buying interest from other market participants.

The event has been a topic of discussion among cryptocurrency enthusiasts and analysts, with some expressing relief and others criticizing the decision as a missed opportunity.

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The increasing popularity of Airbnb is causing a drop in traditional hotel bookings; Dr. Nyamike, President of the Ghana Hotels Association

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Dr. Nyamike, President of the Ghana Hotels Association
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Dr. Nyamike, President of the Ghana Hotels Association, has expressed concerns about the impact of Airbnb on the hotel industry in Ghana.

He points out that while tourism is on the rise, there is a noticeable shift towards Airbnb, which is leading to a decline in traditional hotel bookings.

This trend is attributed to the Ghana Tourism Authority’s lack of regulation over the Airbnb system.

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