McDan Group signs MoU with Kenya to facilitate trading under AfCFTA

The Executive Chairman of the McDan Group, Dr. Daniel McKorley, is optimistic that a Memorandum of Understanding (MoU) between McDan Group and the government of Kenya will yield significant results in the implementation of the AfCFTA.
Dr. McKorley believes that this move will result in a financial turnover of about $1 billion as his organisation positions itself as a key player in facilitating the seamless movement of goods across the continent under the free trade pact.

In an interview with CNBC Africa, the McDan Group Chairman explained that they are making strategic investments in port infrastructure and logistics, particularly in Kenya, as part of efforts to bridge trade gaps and overcome existing barriers between West and East Africa, specifically between Ghana and Kenya.

“The MoU is intended to facilitate business between the countries, and it is quite comprehensive. We are moving almost 100 containers with an annual turnover of about US$1 billion. However, it involves more support services for each country, which is why it is bilateral,” he said.He emphasised that infrastructure remains a key component of implementing trade activities under AfCFTA, adding that making these investments is crucial for the successful movement of goods and services across the continent.

As a free trade area connecting 1.3 billion people across 55 countries, with a combined Gross Domestic Product (GDP) of US$3.4 trillion, the AfCFTA, which is headquartered in Ghana, promises immense new markets, accelerated industrialisation, and fresh investment opportunities.

Source : Ghana Web

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Let’s think globally and act locally – Group Chairman of McDan Group posits at AfCFTA meeting

The Group Chairman of the McDan Group of Companies, Daniel McKorley, has strongly made a case at the ongoing AfCFTA meeting in Kigali, on finding ingenious solutions to reducing the cost of cargo and improving intra-African trade on the continent.

He emphasised that improving Intra-African trade hinges on the improvement of logistical support for goods to be moved within the continent with less stress and cost to the customer.

The Group CEO of MacDan Companies made these remarks on Friday while contributing to a plenary discussion on the topic “Leveraging Trading Companies and Strategic Partnerships for Intra-African Trade”, monitored by Nyansa TV at the ongoing AfCFTA meeting being held at the Kigali Convention Centre in Kigali.

In tackling the problems associated with Intra-African trade, Mr. McKorley revealed his company’s intention of starting Black Star Line and the Black Shipping Company by procuring two cargo planes and a vessel.

“Whoever controls the air and controls the sea controls the business. It’s imperative and incumbent on us to start something. That is the solution we’re bringing into the business.

“It’s unthinkable that in the 21st century when cargo is being moved from Ghana to Senegal for example, it has to go through Belgium before coming back to Senegal. These are real problems that increase the cost of cargo, hindering business growth and development in Africa,” he stressed.

Mr. McKorley thought that for the Continental Free Trade to work and be successful, African governments and businesses needed to find logistical solutions to its problems.

To solve this, according to him, “we’re also building warehouses across the continent to make sure goods move at the right cost, customs and also at the right freight rate. Let’s think globally and act locally.”

The second edition of the AfCFTA Business Forum, dubbed “Biashara Afrika 2024 (#BA 2024)” is being held at the Kigali Convention Centre. It was scheduled from 9th to 11th October, 2024, under the patronage of the Rwandan President, H. E. Paul Kagame.This year’s edition, themed “Dare to Invent the Future of the AfCFTA” provided an engaging and dynamic platform for continued dialogue between African public and private sectors, multinationals, and key stakeholders regarding the challenges and opportunities in the process of building regional and continental value chains and establishing reliable supply chain networks, which are essential to unlocking the full potential of intra-African trade.

Source: JoyOnline

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McDan Entrepreneurship Challenge Season 2: Empowering startups and driving innovation

The McDan Entrepreneurship Challenge (MEC) is back for its second season, bringing a high-stakes 13-week reality TV show that aims to propel emerging businesses to new heights.

With a grand prize of $100,000 up for grabs, the competition is set to transform the fortunes of one exceptional startup, offering a life-changing opportunity to scale and grow.

Launched by Dr Daniel McKorley, Chairman of McDan Group, the MEC is a testament to his commitment to fostering entrepreneurship and innovation in Ghana.

Dr. McKorley’s vision is clear: to support young entrepreneurs and drive economic development through strategic mentorship, financial backing, and a platform to showcase innovative business ideas.

This season promises even more excitement, as a panel of seasoned judges evaluates the creativity, sustainability, and impact of each competing startup.Throughout the show, participants will face a series of challenges designed to test their business acumen, adaptability, and leadership skills.

They will also benefit from expert mentorship aimed at helping them refine their ideas and navigate the entrepreneurial journey.

More than just a competition, the MEC serves as an inspiring platform for viewers, offering valuable lessons in entrepreneurship, resilience, and strategic thinking.

The show is designed to entertain while educating aspiring business owners, shedding light on the realities of building a successful enterprise in today’s fast-paced market.

As Season 2 progresses, audiences will follow the journeys of these startups as they tackle obstacles, seize opportunities, and innovate their way toward success.

With the McDan Group’s commitment to driving change and fostering sustainable growth, the MEC continues to play a pivotal role in creating a vibrant ecosystem where startups can thrive and reach their full potential.

Source: JoyOnline

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McDan wins CISCM Man of the Year 2023 award

The Group Chairman of McDan Group of Companies, Dr. Daniel Mckorley, has received the Chartered Institute of Supply Chain Management (CISCM) Man of the Year 2023 Award.

The award was conferred on him for winning two prestigious awards at the CISCM Recognition and Dinner Night held on January 13, 2024.

CISCM has recognized the McDan Group as the Best Organization for Projects and the Best Organization for International Trade.

The McDan Group was acknowledged as an organization that has in place an effective Project Management system that applies standard PM principles and practices in executing projects (programs) addressing implementation challenges.

Evidence shows the project’s functional activities and the project outcomes positively impact the strategic objectives of the organization, positively impact the society in which the organization operates, engage in sound and ethical processes, use improved or innovative practices in the process, and employ a sound sustainable relationship approach as a tool in the process. The project employs a sound sustainable relationship approach as a tool in the process.

Also, the Group was awarded as an organization that has effectively developed goods and services locally and operated in Ghana fully and exported globally.

Given these feats, the Chairman of the McDan Group, Dr. Daniel Mckorley, was crowned as the Best Integrated Supply Chain Management Personality of the Year 2023.

A citation in his honour reads: “After intrinsic research and analytical evaluation of your immense contribution to the growth and development of the McDan Group of Companies and Ghana at large, through the application of all CISCM’S Value Streams in your Operations, the Council of the Chartered Institute of Supply Chain Management, (CISCM) in recognition of same has the pleasure to confer on you CISCM Man of The Year, 2023. We trust that you will accept this recognition and commit to collaborate with CISCM to propagate and mainstream the adoption and use of integrated Supply Chain Management principles and practices; to support the agenda of promoting effective, inclusive and sustainable socio-economic growth and development in Ghana.”

In his acceptance speech, Dr. Daniel Mckorley said, right from step one of his journey in Supply Chain operations, he knew he was going to become an “icon of excellence.”

He said the CISCM has indeed added additional value to McDan Group’s strides with the awards and recognition.

Dr. Daniel Mckorley noted that the maiden edition of the CISCM Awards means a lot to the Group and averred that integrated supply chain management is the key to its development.

“We shall continue to partner with CISCM to grow. As a CISCM Man of the Year, I will continue to push for the adoption of the integrated supply chain agenda.”

 

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McDan Foundation distributes GH¢1.2m worth of relief items to 3 communities

The McDan Group of Companies has extended its helping hand to victims of the devastating floods in the parts of the Volta Region.

Through their philanthropic arm, the McDan Foundation, the company donated essential supplies to three affected communities: Ada, Central Tongu, and North Tongu.

The Akosombo dam spillage in recent weeks resulted in severe flooding, leaving many families displaced and struggling to meet their basic needs.

A collaborative effort was needed to assist those affected, and McDan Group stepped forward to provide significant support.

The McDan Foundation’s donation comprised an assortment of essential items purchased specifically to meet the immediate needs of the flood victims.

Among the items were a wide range of drinks, clothes, mattresses, and several polytanks filled with portable water to meet the critical need for safe drinking water.

The relief efforts were spread across the three communities, ensuring that each locality would benefit from the donation.

The Group Chairman, Daniel McKorley, in a statement shared, “At McDan, we believe in giving back to communities. We are committed to supporting those affected by natural disasters and working towards their rehabilitation. Our hearts go out to the flood victims in Ada, Central Tongu, and North Tongu, and we hope that our contribution will provide some relief and assist in their recovery.”

“The McDan Foundation’s donation not only provided immediate relief but also highlighted the importance of corporate social responsibility during times of crisis. Their generosity serves as an inspiration for other individuals and organizations to join hands and support the affected communities in their journey towards recovery.”

Residents of the flood-affected areas expressed their gratitude for the timely and much-needed support.

 

Source: JoyOnline

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Vice-President inaugurates McDan Teshie Sports Complex

The Vice-President, Dr Mahamudu Bawumia, has inaugurated a 4,000-seater McDan Teshie Sports Complex for sporting and recreational activities, as well as the development of talents in the Teshie township.

This is the first phase of the GH₵20 million multi-purpose sports complex. Phase two will include the VIP section, a football academy, tennis court, basketball and volleyball courts, table tennis and swimming facilities when completed.

The once grassless pitch, which has now metamorphosed into a 110-metre by 75-metre square astro turf facility, is situated in the heart of Teshie Tsui Bleoo. It was financed by the McDan Foundation and constructed by the Wembley Sports Construction Company Limited.

It was built under the auspices of the former Member of Parliament (MP) for the Ledzokuku Constituency and Chief Executive Officer (CEO) of the National Health Insurance Authority (NHIA), Dr Bernard Oko Boye, who for the past three years had been knocking on the doors of Dr Daniel McKorley, owner of the McDan Foundation, to extend his social responsibility projects to the people of Teshie.

This is the second astro turf pitch funded by the McDan Foundation in the Greater Accra Region after the McDan Park at La, which serves as the home ground for some teams in the Women’s Premier League.

Sod-cutting

Cutting the sod to officially inaugurate the facility last Saturday, Dr Bawumia said: “I thank my good friend Dr Oko Boye for facilitating this sports complex and getting the funding for it. I would like to thank my good friend Mr Coleman for the construction of this beautiful edifice. It just tells us that if we put our minds to it, it is possible; so in the name of God, we commission this facility,” the Vice-President said.

He later performed the ceremonial kick-off for an exhibition match between old Black Stars players (Stephen Appiah XI) and Teshie-based football players (Oko Boye XI) to officially open the stadium for onward use.

The former Black Stars players were former skipper Stephen Appiah, Augustine Ahinful, Laryea Kingston, Sam Johnson, Derek Boateng, Goalkeeper Sammy Adjei, Razak Ibrahim, Godwin Attram, Jerry Akaminko, Emmanuel Armah (Senegal), Charles Taylor, Awudu Issaka, Dan Quaye and Goalkeeper Fatawu Dauda.

In attendance were the Minister of Youth and Sports, Mr Mustapha Ussif; the Greater Accra Regional Minister, Mr Henry Quartey; the CEO of the McDan Group, Dr Daniel McKorley; the MP for Tema East Constituency, Mr Titus Glover; the CEO of the Wembly Sports Construction Limited, Mr Robert Coleman; the Teshie Mantse, Nii Ashitey Akonfra Gbetsorlor III, other traditional leaders, and some queenmothers from Teshie.

Sports development

At the event, Mr Mustapha Ussif noted that the inauguration of the new astro turf was a testament that the government of Nana Addo Dankwa Akufo-Addo was committed to sports development.

“Before his assumption to office, we had only two astro turfs in the entire country. Today, as we commission this one by the Vice-President of the Republic, Dr Alhaji Mahamudu Bawumia, this is the 152nd astroturf in the entire country,” he said.

“This shows that Nana Addo Dankwa Akufo-Addo’s government is committed to sports development at the grassroots because you cannot develop sports without infrastructure and we have started all these beautiful astro turfs across the country,” the Minister said.

He mentioned that aside from constructing astro turfs, the government had renovated the various stadia across the country while investing heavily in the construction of other sporting facilities to ensure that Ghana hosted the 2024 Africa Games in March.

“Aside from that, we are also renovating our sports stadiums. We have renovated Accra Sports Stadium, Baba Yara Sports Stadium and Cape Coast Sports Stadium. As we speak, we have invested heavily in the provision of sports infrastructure to host the African Games next year,” he said.

“We are committed to ensuring that we position sports as a vehicle for development to economic growth and also develop our talents. In other jurisdictions in Europe, football alone is a multi-billion Euro industry and that is how we want to position Ghana,” he added.

He thanked Dr McKorley for his huge investment in collaborating with the government to develop sports facilities across the country and called on other individuals and corporate entities to emulate the gesture.

Economic impact

For his part, Dr McKorley said his outfit was committed to supporting the government to build more sporting facilities across the country to develop talents and create a positive economic impact in the communities.

He added that sports, especially football, was a multi-billion dollar business but the country lacked the facilities and expertise to develop talents; hence, his outfit would continue to build such facilities to create the needed impact in the communities.

“Apart from training the people, there is something called economic impact. There are more than 100 vendors that are selling all kinds of items. This is what we call real economic impact into your pocket. So it is not only about the park, not only training the youth but for the women and hawkers who are also benefiting from this,” he said.

“I believe you all know what the brand McDan stands for. We stand for impact. Anything we do is all about impact. It is not how much we can do but how much impact the brand can create.

“Actually, this is going to be the fifth sports complex that we are putting up. Our next stop will be in Keta, and after Keta, we will be in Oguaa in the Central Region. This is what we are doing to create the needed impact,” Dr McKorley said.

 

Source: Graphic Online

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McDan donates 500 bags of Dzata Cement, cash for Sunyani Zongo Mosque project

The Group Chairman of McDan Group and McDan   Foundation, Dr. Daniel McKorley has donated Five Hundred (500) bags of Dzata cement to Muslims in Sunyani.

The donation is to help them complete their ultra-modern mosque under construction.

Daniel McKorley also assisted the Muslims with a cash donation.

Dr. McKorley said the Mosque is one of the biggest mosques in the Sunyani Munucipality where most of the Muslims worship, one of many reasons for his donation.

“We saw the project when we came here and thought it wise to help speed up the process to a successful end,” he said.

He further thanked the Almighty Allah for protecting him and his family and prayed for good health and prosperity in the years ahead.

Naa Alhaji Sulemana Yusif Gangu, the Dagomba chief of Sunyani who received the items thanked the Chairman of McDan  Group for the gesture.

He said, he was taken aback by the act of generosity displaced by the McDan  and thanked him for his kindness and prayed that Allah would help him throughout life.

He said the expansion of the mosque has been supported by many individuals which include government workers, private workers and philanthropists.

He said he admires McDan’s ’s love for all persons irrespective of their religious or political background and renders untainted service to help bring growth into the country.

He thanked McDan  on behalf of the entire Muslim community and prayed for him.

 

Source: GhanaWeb

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Decades of water problems at Ayalolo schools solved by McDan’s intervention

The students, teachers and other workers at the Ayalolo Cluster of Schools in Accra can now strike the continuous challenge of water they have encountered off their list of To-Dos because a permanent solution has been brought to them.

This is after the Chief Executive Officer of the  McDan  Group,

, brought a permanent solution to their water plight by installing a water tank on the school premises for them.

Gathering with some authorities from the schools, plus others from the Ghana Water Company Limited in the area, the students were allowed access to the new source of water, while some authorities heaped praise on the McDan  boss for the kind gesture.

Nii Atsire Agbo, who spoke on behalf of the McDan  boss, told the children that education is as important as having good, reliable drinking water.

“Education is the redemption you need to move from what you didn’t know to the point where you can say that you now know. Education is your life, so guide it well. And to get educated without water, and since you know water is life.

“It is for this reason that we reached out to  McDan  about the challenges we were facing with water here, and so we spoke with McDan , and he came to our aid,” he said in Ga.

Making the presentation, he also told the gathering that Dr. Daniel McKorley, being aware that the school would also need to pay some water bills going forward, had sent them an amount of GH¢3000 to help.

The teachers and the students expressed their thanks to the businessman.

 

Source: GhanaWeb

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McDan to pay medical bills of Ghana’s tallest man

Ghanaian business magnate and founder, chairman, and chief executive officer of the McDan Group of Companies, Dr. Daniel McKorley, has made known his intentions to pay the medical bills of Sulemana Abdul-Samed, the tallest man in Ghana.

Sulemana Abdul Samed, also known as Awuche, is the tallest man in Ghana. He was born in 1994 in the Northern Region of Ghana.

Samed was diagnosed with a rare endocrine disorder called acromegaly, which is caused by an excess of growth hormone in the body.

Aside from struggling with finances, he is also battling with his health.

Recently, Awuche and his family appealed to the public to assist him get medical support.

In a latest development, the McDan CEO said his wife and children encouraged him to pay the entire cost of Awuche’s medical treatment and to ensure that he was going to live a longer, healthier and a happier life when he invited the young man to his home.

He urged parents to step out with their children and offer a helping hand to the community as he always does with his children.

Below is a text by the CEO:

For me, being a parent is priceless. I understand that my kids are going to have certain privileges that I didn’t have, so, I need to teach them values like hard work and respect, and instill in them the desire to help and serve others.

More than anything I could hand to them, I want to teach them about benevolence and charity.

If I raise them to practice the importance of sharing what they have, something I believe will carry them through life, I’ll be a proud father.

This is why I was privileged to invite Sulemana Abdul-Samed [Awuche], the tallest man in Ghana, into my home to meet my family and see how we could help him with his chronic ulcer and excess growth hormone issues.

My wife and kids consistently whispered into my ears to pay the entire cost of Awuche’s medical treatment and to ensure that he was going to live a longer, healthier, and happier life. As I have always known, I’m lucky to have a big, supportive family that is compassionate towards other people. That truly warms my heart.

If you’re a parent, step out with your child and offer a helping hand to the community.

Because, trust me, one of the most satisfying and productive things you can pass on to them is the importance of sharing what they have with others.

 

Source: Ghana Web

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McDan Foundation brings smiles on faces of widows, aged in N/R

The McDan Foundation, the Corporate Social Responsibility (CSR) wing of the McDan Group of Companies has feted over 1,000 aged women and widows in Tamale and its environs. The widows were drawn from Sola and Yendi. The Foundation provided them with food items whilst Daniel McKorley presented thousands of gift packs containing cloth, scarf, sardines and soaps and a crate of eggs each to the widows. In an address, the founder and Chief Executive Officer of McDan Group of Companies, Mr Daniel McKorley urged corporate Ghana to give back to the less privileged in society. He said the McDan Foundation has been feeding widows for over six years but it was a herculean task which can only be undertaken nationwide with the support of all corporate bodies in the country. “Every time, I call on corporate Ghana, I call on corporate individuals. Government cannot do it all, so corporate Ghana must come in so Ghana will be a better place,” Mr McKorley stated. He said “This is not about McDan, but it is about the benefit to the people. I have been doing this not today, and not only for the widows. I believe sincerely that God is blessing me and it is my responsibility to give to others and be a blessing to them.” He also advocated for corporate bodies to come to the aid of street children and homeless people by funding their education and providing them with jobs.

 

Source : GhanaWeb

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