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National Burger Chain Hires McD’s Exec to Supercharge Growth

National Burger Chain Hires McD’s Exec to Supercharge Growth

by | Mar 30, 2025 | business, fast food, fast food industry, news, restaurant chains

Whataburger has recruited former
McDonald’s
executive Todd Ewen to aid in accelerating its ongoing expansion.

The American quick-service restaurant company verified that Ewen will assume the position of senior vice president and chief development officer starting from March 24.

“I am eager to assist the leadership team in achieving the significant growth objectives they have outlined,” Ewen stated.

It is reported that Whataburger lured away the US-native Ewen, boasting two decades of expertise, to aid in their ongoing successful growth across the country.

“We aim to introduce Honey Butter Biscuits along with exceptional hospitality to over 24 million additional customers this year,” stated Whataburger Executive Vice President and Chief Administrative Officer Alexander Ivannikov.

Todd’s extensive knowledge of real estate within the fast-food sector will play a crucial role in assisting Whataburger in implementing their expansion plan. This will ensure that delectable meals and excellent experiences reach additional communities and attract more enthusiasts.

In his new position, Ewen will transition from serving the globe’s leading hamburger company to joining one of the top 100 largest companies in the United States.


The Golden arches has 14,000 locations in the US alone, compared to just over 1,000 Whataburger restaurants.


The company based in Texas is developing its five-year expansion strategy, as President and CEO Debbie Stroud affirmed that they go over this annually.

Stroud mentioned that the review assists them in determining where they can make the most significant difference.

As part of its strategy, it aims to keep growing with intentions to establish new eateries in various locations.
North Carolina
this year.

“For North Carolina particularly, this year it focuses on Charlotte and the nearby regions, while next year it will shift to Raleigh and its surrounding areas,” Stroud explained.
QSR
.

The
Texas
-based chain has already expanded to six additional states, including
Florida
and
Georgia
.

It is also set to launch another site in San Antonio, Texas, via a collaboration with Love’s Travel Shops.

Whataburger has not disclosed its sales forecast for 2025, however, it generated more than $4 billion in revenue last year.

Stroud mentioned that the company intends to broaden its reach to additional states down the line, yet he advised fans to ‘keep an eye out’ for updates.

In 2000, Ewen started his professional journey as a commercial real estate officer at US Bank Corporation.

He was

In 2009, they were appointed as a McDonald’s regional real estate manager, and then took on the role of development director in 2013.


In 2016, the executive departed from the fast-food chain and established L3 Commercial Development in Raleigh, North Carolina, the following year.


In those years, he headed over

$300 million in leasing and buying deals, while also connecting with various brokers, developers, and investors.

Ewen expressed gratitude towards the ‘amazing individuals’ he has collaborated with, and mentioned that he recognized Whataburger as ‘something extraordinary’ in a social media post.
LinkedIn
.

The ex-McDonald’s worker from North Carolina has verified his plans to relocate to San Antonio.

In addition to the expansion, Whataburger is marking its anniversary.
75th birthday
with various offers.

Among its new menu items was the Monterey Melt, a dish that the chain stated had been frequently requested.
Instagram
and
Reddit
.

Whataburger started offering both Mexican Hot Chocolate Coffee and the Mexican Hot Chocolate Shake.

Among the new offerings for its anniversary, the chain introduced a ‘digital home’ feature and also revealed a partnership with well-known clothing label Wrangler.

The firm intends to present an array of additional promotions and competitions as it approaches its birthday on August 8.

Read more

President Mahama Honors Dr. Michael Agyekum Addo in International Tribute

by | Mar 30, 2025 | business, ghana, government, news, politics

By Kamal Ahmed

Koforidua (E/R), March 30, GNA – President John Dramani Mahama, alongside Eastern Regional Minister Mrs. Rita Akosua Adjei Awatey and Chief of Staff Mr. Julius Debrah, attended the funeral of the late Elder Nana Dr. Michael Agyekum Addo to pay their last tributes.

The dignified event took place in Suhyen, close to Koforidua, within the boundaries of the New Juaben North Municipality.

Nana Agyekum Addo, an esteemed entrepreneur, celebrated philanthropist, and respected traditional leader, died at the age of 74.

His departure due to visionary leadership and substantial contributions to Ghana’s socioeconomic progress represents a deep-seated sorrow for the country.

The ceremony gathered officials, relatives, and admirers to honor the remarkable journey and heritage of the departed senior.

In his tribute, Ex-President Mahama recognized Dr. Agyekum Addo’s significant influence on Ghanaian society, emphasizing his dedication to strengthening communities via business initiatives and charitable work.

Late Nana Agyekum Addo is revered both for his role in traditional spheres and for his lasting impact on education and economic development in Ghana.

His existence continues to motivate numerous people throughout the country.

Born in 1950, Nana Agyekum Addo established the KAMA Group of Companies, which became a trailblazing force within Ghana’s pharmaceutical sector.

His firm transformed the industry, making high-quality health care items available to people throughout Ghana.

His exceptional entrepreneurship in this sector not only established him as a leading figure in business but also as a pioneer for the local industry.

He acted as the Nkabomhene (Chief of Unity) for the New Juaben Traditional Area, where his significant contribution was instrumental in upholding harmony and solidarity within the region.

He strongly supported education, offering mentorship and direction to young Ghanaians enthusiastic about pursuing business opportunities.

In his tribute, President Mahama praised Nana Agyekum Addo as an exceptional Ghanaian who made significant impacts beyond commerce to the nation’s progress.

“Elder Nana Dr Agyekum Addo stands out for his exceptional entrepreneurship, dedicated public service, and steadfast dedication to fostering local business development,” he stated.

He recognized the significant impact of the elderly statesman, particularly in bolstering Ghana’s commercial landscape and facilitating opportunities for international investments during his tenure at the Ghana Investment Promotion Centre.

The president highlighted that his commitment to guiding aspiring business leaders demonstrated the significant influence he wielded over the country’s financial prospects.

The impact of Nana Dr Agyekum Addo will keep inspiring numerous generations of Ghanaians,” he said additionally. “His efforts towards advancing education and uplifting young people will echo through time for decades.

Mrs Rita Akosua Adjei Awatey, the Eastern Regional Minister, also addressed the lasting impact that the late Elder Nana Dr Agyekum Addo had on Ghana.

She commended his relentless endeavors in enhancing the well-being of numerous individuals, showcasing his impact via entrepreneurial projects as well as his position in customary leadership roles.

As relatives, officials, and attendees assembled to honor him, the funeral for Nana Dr. Michael Agyekum Addo served as more than just a send-off; it provided an opportunity to contemplate the significant impact he had on the country.

She observed that his heritage of foresight, guidance, and dedication to mankind will be a lasting wellspring of motivation for coming ages.

GNA

DL/AD

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).

NESG Reveals Plan to Boost Nigeria’s Economy

by | Mar 30, 2025 | business, economics, energy sector, government, news media


ABUJA

– The Nigerian Economic Summit Group (NESG) has introduced a fresh plan to propel Nigeria’s economic growth.

At the launch of the fresh strategy during a media interaction event in Abuja over the weekend, Dr. Tayo Aduloju, CEO of NESG, highlighted that this plan emphasizes measurable objectives within major economic areas for both the near and intermediate future. It reflects the organization’s dedication to implementing practical measures aimed at stimulating development and wealth creation.

Labeled as part of the “arc of the possible,” he detailed how the updated roadmap emphasizes the adjustment of stabilization approaches to tackle new obstacles, guaranteeing sustained development and improved quality of life.

He pointed out that although the reforms were beneficial on their own, the risk lies in poorly implemented policies or rollback of these reforms, which could result in economic stagnation and increased vulnerabilities.

According to NESG, the fresh approach focuses on establishing structures to support six key reforms: fostering a competitive market, encouraging investments from the private sector, building supportive conditions, ensuring democratic governance aligned with national interests, upholding the rule of law, and laying down solid economic groundwork for long-term growth.

The NESG suggested that from 2025 to 2026, the government should concentrate on fostering a favorable environment for investments, addressing issues of food sovereignty and security. They emphasized that during this timeframe, the administration must also prioritize advancements in areas such as energy, agriculture, technology, infrastructure, and trade.

Between 2025 and 2030, as suggested by NESG, the emphasis ought to be placed on enhancing productivity and efficiency, managing population dynamics, and generating employment opportunities.

The aim is for the ICT sector’s real GDP to grow by at least 20 percent between 2025 and 2026. Additionally, by this period, we expect that at least 40 percent of citizen and business engagements with the government will be digitized, along with achieving a broadband penetration rate of at least 70 percent.

It aims to achieve within the short term that the government reduces post-harvest losses by 50 percent, increases the production of the top five crops by 20 percent, and cuts food imports by 50 percent.

“In the realm of energy, the strategy aims for the near future with three key goals: ensuring that at least 90 percent of qualifying electricity consumers will be equipped with meters; boosting crude oil output to reach 2.5 million barrels daily; and achieving an uptick of at least 40 percent in natural gas production,” stated the NESG.

By 2026, the NESG aims to double the cargo volume carried via rail transport and achieve complete operation of the concessions for the seven major roadways.

“The NESG stated that phasing out trade barriers for crucial intermediary goods would decrease production expenses for companies, allowing them to offer their products at more competitive prices.” They further noted that eliminating these obstacles could not only curb inflation but also boost economic efficiency, resilience, and long-term growth prospects.

According to the NESG’s economic forecast for 2025, an improved economic path is essential for enhancing engagement from the private sector, protecting living conditions, and reducing the effects of growing economic instability.

It acknowledged, however, that attaining strong economic growth poses a significant challenge requiring a reassessment of both present and future reform strategies.

This emphasizes three critical areas of reform for 2025: first, maintaining steady and mild inflation by reinforcing fiscal discipline via increased revenue from progressive taxation measures, cutting unnecessary spending, and channeling savings from reduced subsidies toward specific social programs; second, improving the effectiveness of monetary policies to ensure long-term price stability; third, removing import restrictions and lowering duties on crucial items to tackle bottlenecks in supplies and stabilize pricing.

The alternative approach involves increasing foreign exchange liquidity and stabilizing currency rates by simplifying trade procedures, improving remittances via digitization, and sustaining a trustworthy monetary policy framework to foster investor trust and guarantee exchange rate steadiness.

According to the NESG, enhancing fiscal performance and decreasing debt risks stands as the third key focus for reforms.

This focuses on revenue-driven fiscal consolidation, reallocation of spending, and the utilization of non-debt financing methods like public-private partnerships (PPP) to decrease debt levels and enhance fiscal stability.

Upon taking office, Tinubu’s administration initiated several reform measures. These included eliminating the fuel subsidy, consolidating exchange rates, and implementing tax reforms aimed at enhancing the nation’s revenue streams and bolstering domestic enterprises.

Even though the reforms aimed at fostering a stable economic climate favorable for investment, employment generation, and reducing poverty, they inadvertently led to rising costs of living. This increase has exacerbated poverty levels, causing both families and enterprises to struggle for survival.

During an interaction with reporters, Aduloju voiced his backing for the transformation of the Nigerian National Petroleum Corporation Limited into a publicly traded company.

He indicated that the project would enhance openness and responsibility along with guaranteeing adherence to global standards for corporate governance, thus benefiting every Nigerian.

He stated: “I strongly support making NNPC publicly traded. This would increase transparency. Therefore, any steps taken in that direction are highly appreciated.”

The higher the transparency, the greater the compliance with international standards for corporate governance. This makes it highly probable that NNPC will function more effectively for all Nigerians.

Although recognizing that the path to NNPC’s public offering is intricate and lengthy, he pointed out that Saudi Aramco began its transition several years back with preliminary measures akin to what NNPC is presently contemplating.

“It takes a considerable time for NNPC to reach the level of Saudi Aramco. However, Saudi Aramco embarked on their journey several years back. They initiated a similar process,” he stated.

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Syndigate.info
).

MTN Ghana Sees 34.5% Revenue Surge in 2024: Data and Mobile Money Lead the Way

by | Mar 30, 2025 | business, financial markets, mobile technology, money, news

By Stanley Senya

Accra, March 30, GNA – MTN Ghana reported a significant increase of 34.5 percent in their service revenue. This growth was fueled by higher mobile data consumption, an extended reach of 4G and 5G networks, as well as a surge in mobile money activities.

At the 7th Annual General Meeting, CEO Mr. Stephen Blewett unveiled MTN Ghana’s 2024 Annual Report, underscoring the key strategies that drove the company’s success.

He stated, “Our service revenue rose by 34.5 percent compared to the previous year, surpassing projections. This achievement can be attributed to the expansion of our data services, the success of Mobile Money (MoMo), and ongoing digital innovations.”

“By aggressively investing in our network growth, especially in 4G technology, we have notably boosted customer acquisition and engagement,” Mr Blewett noted.

MTN Ghana experienced a significant rise of 53.8 percent year-over-year in their data revenue, amounting to GHS9.0 billion, thanks to enhanced network facilities and an increasing number of customers. Additionally, Mobile Money revenue saw a growth of 54.4%, totaling GHS4.4 billion, highlighting the essential part this service plays within Ghana’s evolving digital finance landscape.

In spite of its robust financial performance, MTN Ghana continued to approach the broader economic environment with caution.

The CEO admitted that inflationary pressures and currency devaluation might pose challenges in 2025.

“We expect ongoing economic hurdles such as inflationary pressures and exchange rate volatility, which could affect consumer expenditure and overall economic expansion. Nonetheless, we are dedicated to maintaining cost efficiencies and making strategic investments to uphold our growth path,” he stated firmly.

Mr. Ishmael Yamson, the Chair of the Board at MTN Ghana, declared a final dividend of 24 pesewas per share, scheduled for payment on April 16, 2025, acknowledging the firm’s strong financial standing.

Considering our robust performance, Mr. Yamson announced that the Board of Directors has approved recommending a final dividend of 24 pesewas per share for shareholder approval.

The aggregate dividend for the fiscal year 2024 amounts to 30.5 pesewas per share, which includes an earlier interim distribution of 6.5 pesewas per share back in September 2024.

This equates to a dividend payout of GH₵4.0 billion, which constitutes 80 percent of MTN Ghana’s GH₵5.0 billion post-tax profit, indicating a significant 35.6% rise in dividends per share compared to 2023.

MTN Ghana committed to maintaining its progress by investing in digital strategies, improving financial services, and expanding its network further.

GNA

GRB

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Syndigate.info
).

SONABHY Set to Harness BOST’s Fuel Supply Chain

by | Mar 30, 2025 | business, commerce, energy sector, petroleum, transportation

By Stanley Senya

Accra, March 30, GNA – In an effort to boost its fuel security, Burkina Faso’s National Hydrocarbons Company (SONABHY) plans to leverage the robust petroleum distribution network of Ghana’s Bulk Energy Storage and Transportation Company Limited (BOST).

The collaboration intends to simplify the transportation of petroleum goods from Ghana to Burkina Faso through BOST’s efficiently connected logistical infrastructure, which encompasses pipelines, waterways, large-scale trucks, and purposefully placed storage facilities.

During a recent top-tier gathering in Accra, both State-Owned Enterprises reiterated their dedication to strengthening collaboration, emphasizing the use of BOST’s facilities to achieve more efficient and economical fuel distribution.

A combined technical group will evaluate BOST’s operational capabilities to enhance the ease of petroleum trading and minimize disruptions in the supply chain.

BOST’s fuel distribution network relies on a multifaceted logistical approach designed to enhance both efficiency and dependability.

The key elements of BOST’s fuel distribution infrastructure encompass the Tema-Akosombo Petroleum Pipeline (TAPP), the Buipe-Bolgatanga Petroleum Product Pipeline (B2P3), as well as transportation via river using VLTC-operated barges along the Volta Lake.

Although the TAPP system streamlines the transportation of petroleum products between Tema and Akosombo, acting as an essential component in the logistics network, the B2P3 structure guarantees efficient fuel distribution from Ghana’s central region to the five northern zones and further into countries like Burkina Faso.

Moreover, the VLTC and BOST river barges offer an alternate means for fuel transportation from Akosombo to Buipe, thereby alleviating strain on road transport systems.

Once more, key fuel storage facilities like those at Accra Plains, Akosombo, Buipe, and Bolgatanga, managed by BOST, act as vital centers for both local and international commerce.

Mr. Afetsi Awoonor, the Managing Director of BOST, emphasized the company’s willingness to assist SONABHY in ensuring a consistent supply of petroleum products.

“The effective utilization of our pipelines, storage facilities, river barges, road transportation alliances, and the Blue Ocean terminal creates a more streamlined fuel distribution network, which benefits all involved,” he stated.

Mr. Wendpanga Aimé, the Managing Director of SONABHY, showed optimism about the collaboration, emphasizing its ability to stabilize fuel supplies and manage expenses effectively.

“Boasting a solid capital foundation of 20 billion CFA francs, SONABHY is poised to enter into extended trade pacts with BOST. This partnership is essential for maintaining a steady and economical provision of fuels for Burkina Faso,” he stated.

Apart from petroleum trades, Burkina Faso has sought higher levels of electricity imports from Ghana with the aim of boosting its industry and economy.

During the visit, Burkina Faso’s Energy Minister, Yacouba Zabré Gouba, headed a group that visited BOST’s Bolgatanga Depot and GRIDCo’s Navrongo substation to investigate potential enhancements in energy distribution networks.

The refreshed collaboration between BOST and SONABHY, initiated by President John Dramani Mahama along with his Burkinabe counterpart, boosts inter-country oil commerce. This alliance ensures that Ghana’s sophisticated petro-transport system aids in maintaining energy stability and improving trading effectiveness throughout West Africa.

GNA

GRB

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Syndigate.info
).

New VRA Chief Pledges Bold Moves to Secure Ghana’s Energy Future

by | Mar 30, 2025 | business, electric power, energy sector, government, infrastructure

By D.I. Laary, GNA

Koforidua, March 30, GNA – Mr. Edward Ekow Obeng-Kenzo, who was recently named as the new CEO of Volta River Authority (VRA), has pledged to address billing issues and steer the country’s primary electricity provider towards groundbreaking strategies to ensure Ghana’s energy security.

At the 2024 Biennial National Delegates Congress of the VRA Senior Staff Association (SSA) held in Koforidua, he assured them of his dedication to rejuvenating VRA and safeguarding Ghana’s energy security by supplying necessary resources, conducting training programs, and offering strategic leadership to maintain sustainability.

He emphasized the importance of combining personal efforts with group initiatives to address the significant issues confronting the country in the realm of energy production. He called upon every stakeholder to work together in discovering enduring answers aimed at strengthening Ghana’s energy security, dependability, and cost-effectiveness.

Discussing the topic “The Effect of Receivables Issues on the Functionality of VRA/NEDCo: A Pillar of Ghana’s Energy Stability,” Mr. Obeng-Kenzo highlighted the significance of consistent and dependable power supply for swift economic advancement and progress.

Our services affect various sectors of the economy, including manufacturing, education, healthcare, and security,” he remarked, emphasizing the extensive reach of VRA along with its affiliate, NEDCo.

The CEO pinpointed major reasons for VRA’s difficulties with accounts receivable, such as an inconsistent power supply, believed-to-be elevated production expenses, lags in invoicing, and unauthorized electrical hookups.

He encouraged employees to be innovative and proactive contributors. “As partners in excellent corporate governance, we must pledge to enhance our effectiveness and output while protecting the VRA brand established over many years.”

Mr. Obeng-Kenzo praised the resilience and commitment of the team, noting that their hard work has guided the organization through its 63-year journey.

He recognized the necessity of adapting to an evolving business environment where private energy firms are advancing, warning; “If we fail to step up to the challenge, we might get left behind.”

He detailed measures for enhancing debt recovery and boosting revenues, stressing teamwork, honesty, and commitment to VRA’s fundamental principles. “Everyone here must contribute to maintaining our fiscal well-being and achieving operational excellence.”

In spite of these difficulties, Mr. Obeng-Kenzo remained optimistic regarding VRA’s future, vowing to allocate resources, provide training, and offer strategic leadership to ensure its sustainability over the coming sixty years.

He encouraged the staff to coordinate their efforts toward achieving the primary objective of providing dependable and cost-effective power for both Ghanaian residents and enterprises.

As VRA gets closer to its 64th

th

anniversary, he also reaffirmed his belief in the collective power of patriotism and unity to drive the authority and the nation forward, saying: “Together, we can make VRA and Ghana great again.”

The 2024 Congress tackled major concerns stemming from the 2022 gathering. Attendees examined reports on how their leaders managed responsibilities. The discussions centered on the financial standing and outcomes of the Association during the second half of 2022 as well as throughout 2023 and into 2024.

This offered a detailed examination of the association’s advancements and regions where enhancements could still be made.

The congress was also an opportunity to brief members about the actions taken by the National Executive Committee following their election in March 2023, encompassing various initiatives and accomplishments through December 2024.

A key area of focus was examining the Association’s slogan, “Partners in Good Corporate Governance.”

Participants discovered creative methods to work alongside management in boosting VRA’s effectiveness and upgrading employee benefits to secure the organization’s continuous development and operational proficiency.

Mr. Theophilus Tetteh Ahia, who serves as the National Chairperson of VRA SSA, highlighted the essential function of the organization in maintaining and enhancing the activities of both VRA and its affiliate, NEDCo.

He highlighted several difficult problems, such as the modified cash waterfall process and significant distribution losses—a result of electricity theft—especially prevalent in the Tamale metropolitan area.

He observed that even though the Boards, management, and employees of VRA and NEDCo were striving towards their ambition of setting “an exemplary standard among African power providers,” they still encountered ongoing issues with operations and financial liquidity.

Mr. Ahia mentioned that VRA’s market share has decreased, falling from 63.8 percent in 2019 to 50.3 percent by March 24, 2025.

He went on to say that NEDCo has been struggling with both commercial and technical losses, these issues have adversely affected its financial health and ability to maintain adequate liquidity.

He stated that tackling these issues necessitated cooperation between management and the SSA to put into action strategic initiatives.

These include challenging the updated cash flow hierarchy, addressing anticompetitive practices within the electricity sector, transforming single-cycle facilities into combined-cycle ones, upgrading the T3 facility through repowering, and implementing technologies aimed at decreasing power distribution losses, with a focus on improvements in Tamale.

Mr. Ahia emphasized the significance of boosting employee motivation, strengthening oversight, increasing efficiency, and protecting the terms of employment for staff members.

Consequently, he advocated for selecting capable leadership and opposing the government’s efforts to enact certain energy-related legislation, including the “Ghana Hydro Authority,” “Ghana Thermal Authority,” and “Ghana Distribution Authority” bills.

He similarly called for an end to attempts at merging NEDCo with ECG through private sector involvement.

The 2024 SSA Congress brought together prominent figures from the electricity sector for a panel discussion aimed at pinpointing key obstacles and developing suggested resolutions.

Mr. Ahia showed optimism that these conversations will contribute to ensuring the longevity and sustainability of VRA and NEDCo, allowing them to take on a more impactful role in shaping Ghana’s energy landscape.

GNA

DL/KOA

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Syndigate.info
).

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