Accra -FIDELITY Bank Ghana Limited has announced the completion of its more than $127 million Capital Raising Exercise to inject more capital into the operations of the bank.

Amid U.S. claims that Egypt and the UAE launched secret airstrikes in Libya, H.A. Hellyer writes that the absence of a strong Libyan state has allowed Mideast powers -- split between supporters and opponents of Islamist groups -- to engage in Libyan affairs.

The Nigerian National Petroleum Corporation (NNPC), Shell Petroleum Development Company (SPDC) and Chevron Nigeria Limited, owners of N-Gas, the main supplier of gas to Ghana's Volta River Authority (VRA), through the West African Gas Pipeline (WAGP) are paying a fine of $20 million for failure to meet their contractual obligations on gas supply to the Ghana's electricity producing company.