Home / Investment (page 60)

Investment

PIC to invest $250m in Ecobank

The Public Investment Corporation (PIC) has announced that it will invest $250 million (R1.7 billion) in Ecobank Transnational Inc, a press release from the bank has said. According to the statement, the PIC will do the investment on behalf of Government Employees Pension Fund (GEPF) of South Africa. “This investment …

Read More »

Foreign direct investments from Africa slip to $2.1b in 2011 from $5b – UNCTAD

Foreign direct investments (FDI) from African countries have fallen from $5 billion recorded in 2010 to $2.1 billion at the end of 2011, an investment monitor report released by the UN Conference on Trade and Development (UNCTAD), has disclosed. “The declines in outflows from Egypt and Libya, traditionally important outward …

Read More »

Mergers, acquisitions push global FDI to $1.6 trillion surpassing 2007 pre-crisis levels – UNCTAD

Global foreign direct investment (FDI) outflows rose by 16% in 2011 to an estimated $1.66 trillion, surpassing the pre-crisis levels of 2007, according to the UN Conference on Trade and Development’s (UNCTAD) latest Global Investment Trends Monitor released April 12, 2012. FDI in 2010 recorded an amount of $1.42 trillion. …

Read More »

Ghana’s current political terrain scaring foreign investors – Dr Abbey

Dr Joe Abbey, a renowned economist and the Executive Director of the Centre for Economic Policy Analysis (CEPA), on Wednesday noted that the current political terrain in Ghana is scaring off foreign investors, making them feel insecure about the future of their investments. He said the uncertainties that characterised the …

Read More »

Inaccurate, short-term focus likely to distort long-term investment severely – WEF

Inaccurate measurement of investment values, returns, risks and liabilities can create substantial distortions to long-term investment strategies. It can also drive long-term investors to adopt a short-term orientation, according to the Measurement, Governance and Long-term Investing report, released March 29, 2012 by the World Economic Forum (WEF). The report observes …

Read More »

Ghana Stock Exchange, Venture Capital sign MoU for listing SMEs

The Ghana Stock Exchange (GSE) and Venture Capital Trust Fund on Tuesday signed a Memorandum of Understanding (MoU) to promote the listing of small and medium scale enterprises on the Exchange. Mr Kofi Yamoah, Managing Director of GSE and Mr Daniel Duku, CEO of VCTF signed the MoU that would …

Read More »

Ghana’s Veep calls on African countries to create investment-friendly atmosphere

Ghana’s Vice President John Dramani Mahama on Tuesday appealed to African leaders to create a congenial atmosphere that would attract international investors into their countries. The atmosphere, he said, could be created by coming out with laudable, convincing and attractive investment ideas that would sustain the flourishing and vibrancy of …

Read More »

Over-reliance on foreign investment makes Africa vulnerable – Rawlings

Former President Jerry John Rawlings says the over-reliance on foreign investment by Africa has made it vulnerable to the dictates of the international community to the detriment of African unity and development. A statement from the office of the former president released in Accra on Wednesday said he was speaking …

Read More »

World Bank approves $30m interest-free credit to kick-start Ghana’s new Public Private Partnership project

The World Bank Board of Executive Directors on March 27, 2012 approved an International Development Association (IDA) interest free credit of $30 million to kick-start a new Public Private Partnership (PPP) centered on infrastructure development in Ghana, a statement by the multilateral institution has announced. The Bank’s support is the …

Read More »