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Investment

Ghana Stock Exchange suspends Pioneer Kitchenware’s listing status

The Listing Status of aluminium household items manufacturer, Pioneer Kitchenware Limited (PKL), has been suspended, the Ghana Stock Exchange (GSE) announced March 21, 2012. “The suspension of PKL has become necessary due to failure to observe the continuing listing obligations including failure to hold annual general meetings,” the GSE said …

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African Dev’t Bank issues Aus $500m bond on Kangaroo market

The African Development Bank (“AfDB”) rated (Aaa/AAA) on March 19, 2012 priced a new benchmark Australian Dollar transaction, marking the return of AfDB to the Kangaroo market in over a year. The A$500 million 10-year fixed rate note due on March 23, 2022, according to the Bank, offers a semi-annual …

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AfDB provides $336m financing for clean energy, road infrastructure development in Kenya

The African Development Bank (AfDB) and the Kenyan government have signed loan and grant agreements totaling $336 million in support of clean energy and road infrastructure development in Kenya. A statement from the Bank March 16, 2012 said the financial package includes a “$186.7 million loan for the Mombasa-Nairobi-Addis Ababa …

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Ecobank Transnational gains to push Ghana stocks up

The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, jumped 7.46 points to 1,035.68 points to end two days of losses up from 1,028.22 points on Wednesday bringing the year-to-date return to6.88 per cent. The GSE-Financial Stocks Index (GSE-FSI), which tracks the performance of listed …

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Ghana Stock Exchange records another fall in second session

The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, slipped 0.8 points to 1,028.22 points for the second straight session down from 1,029.02 points on Tuesday with a year-to-date return of 6.11 per cent. The GSE-Financial Stocks Index (GSE-FSI), which tracks the performance of listed …

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Accra Bourse Index slips on losses in four equities

The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, slipped 2.1 points to 1,029.02 points from 1,031.12 points at the previous close with a year-to-date return of 6.19 per cent. The GSE-Financial Stocks Index (GSE-FSI), which tracks the performance of listed financial stocks, also fell …

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Ghana to start corporate bond market

Ghana is making a fresh bid to develop a corporate bond market, reports the Reuters news agency March 1, 2012 citing an adviser to a new government bond development panel. The panel aims to achieve five listings in the next three years. Mr. Sam Mensah, a technical adviser to the …

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Ghana to partake in Forest Investment Programme pilot country talks in Brazil

Ghana will join Burkina Faso and the DR Congo as well as other countries across the world to participate in the Climate Investment Funds’ (CIF) Forest Investment Programme (FIP) in Brasilia, Brazil, for their third annual pilot country meeting. The meeting will be held from April 2-3, 2012. Ghana will …

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African Dev’t Bank to issue Education Support Bond to Japanese investors in Africa

The African Development Bank (AfDB), on February 29, 2012 announced that it will offer an Education Support Bond to Japanese retail investors. According to the Bank, the bond will be distributed by Tokai Tokyo Securities, Nishimura Securities, Banyo Securities and Rakuten Securities. “The issuance of a 3-year TRY fixed rate …

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