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Africa eyes diaspora investments for industrialization

Remittances from the diaspora are one of the sources officials are considering for the financing of Africa’s industrialization. An issues paper presented at the 2013 Joint African Union-Economic Commission for Africa (ECA) Joint Meeting in Abidjan indicated that remittances have recently become a very important source of external financing. According …

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Government to put GIHOC Distilleries on Ghana Stock Exchange

Government will soon list part of its shares in the GIHOC Distilleries Company Limited on the Ghana Stock Exchange, Haruna Iddrisu, Minister of Trade said on Monday. He said government was also looking for private partners to buy shares in the company as well as other sources to support its …

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PBC’s share consolidation plan approved

…company to raise GH¢200 million as working capital Shareholders of PBC Limited have approved management plans to consolidate the company’s existing shares to boost their chances of seeking additional funding from investors. Shares consolidation is a process where a company replaces existing shares with fewer shares without changing the composition …

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Zenith Bank officially trades on London bourse

Nigeria’s Zenith Bank with operations in some African countries has officially listed on the London Stock Exchange (LSE). The bank traded on the London bourse March 21, 2013 and the LSE says it is delighted to welcome Zenith Bank to the main market. Zenith Bank successfully listed up to 125,000,000 …

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Investors asked to promote local participation

Mr Stephen Kumadoh, Principal Valuer, Land Commission, has called on investors to design innovative business models that promote local participation in economic activities in areas they acquire lands. He also recommended that before investors acquire land from its owners, they should engage in inter-generational equity, transparency, mutual benefit for all …

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Finance Minister urges private sector to invest in public infrastructure

Finance Minister, Mr Seth Terpker, on Tuesday urged the private sector to invest in public infrastructure projects, especially those that can generate income to pay for the investment overtime. He said government’s investment strategy was lessen public debt through encouraging the private sector to engage in commercially viable and self-financing …

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Germany’s HeidelbergCement invests $30m for expansion programme in Ghana

German company, HeidelbergCement says it has started constructing a $30 million cement mill at Ghana’s port city, Takoradi. The new cement mill when completed by 2014, will have an annual capacity of 0.8 million tonnes at its grinding plant, said the company March 11, 2013. The $30 million investment will …

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Incoming Upper East Regional Minister urged to woo more investors

Mr Mark Woyongo, outgoing Upper East Regional Minister,  at a handing over ceremony held in Bolgatanga, charged his successor, Dr Ephraim  Avea  Nsoh, to woo more investors in the region. The outgoing Regional Minister, now the Minister of Defence and Member of Parliament for Navrongo Central, told his successor that …

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Accra Bourse Index rises on PBC, StanChart gains

The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, rose 22.7 points to 1,555.23 points from 1,532.53 points on Tuesday with a year-to-date return of 29.63 per cent. The GSE-Financial Stocks Index (GSE-FSI), which tracks the performance of listed financial stocks, also advanced by 27.68 …

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