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Investment
IFC pumps $4b into sub-Saharan Africa’s economy in 2012 fiscal year
The International Finance Corporation (IFC) a member of the World Bank Group recorded $4 billion as investments it made in sub-Saharan Africa during the 2012 fiscal year, it announced August 28, 2012.
The amount from both IFC’s advisory…
NEPAD seeks private sector investment for Africa’s bioenergy sector
Government officials, Private Sector, finance and technology providers as well as development experts convened a meeting in Dakar last week, under the New Partnership for Africa Development (NEPAD) Agency’s African Bioenergy Investment…
SSNIT awaits regulatory approvals for Merchant Bank sale to FirstRand
The Social Security and National Insurance Trust (SSNIT) is awaiting regulatory approvals from the Bank of Ghana and the South Africa Reserve Bank to consummate the sale of part of its stake in Merchant Bank of Ghana (MBG).
SSNIT is…
Ghana’s GH¢300m five-year bond receives 257% over-subscription
Ghana Government five-year bond to raise money to fund a number of infrastructural projects was oversubscribed by more than 200 percent, a statement from the Ministry of Finance and Economic Planning has announced on Thursday.
The issuance…
Fidelity Capital turns Jacana Partners
Fidelity Capital Partners, a private equity fund manager and originally a member of the Fidelity Group, has announced that it has rebranded to Jacana Partners, a leading pan-African SME private equity firm and long-term partner of Fidelity…
West African Stock Exchanges revive capital markets integration move
The four Stock exchanges in West Africa on Thursday began a two-day stakeholder’s forum aimed at reviving efforts to promote the integration of the capital markets in the sub-region.
Officials of the Ghana Stock Exchange, the Nigerian…
Northern Ghana now safe haven for investment – Consultant
Mr Philip Assibit Akpeena, Chief Executive Officer (CEO) of the Discovery Group of Companies (DGC), has described the north as a safe haven for business investment, which would alleviate the plight of the people.
He said, “A gloomy picture…
Pre-trading on bourse not bad practice – GSE
Pre-trading on the Ghana Stock Exchange (GSE) before the official trading on the bourse is not an illegality, contrary to some speculations in a section of the media.
Mrs Elizabeth Mate-Kole, General Manager of Operations at the GSE, who…
Ghana to list first commodity backed Exchange Traded Funds on bourse
The Ghana Stock Exchange (GSE) will see the listing of its first commodity backed Exchange Traded Funds on Wednesday, following the decision of South African group Absa Capital to list its gold-backed ETFs to help broaden the range of…
Ghana to issue GH¢300m five-year bond
The government of Ghana through the central bank will on August 23, 2012 issue a GH¢300 million five year bond to both resident and non-resident investors, a statement by the Bank of Ghana (BoG) has said.
The purpose of the bond issuance,…