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Investment
IFC invests $5.5m in hotel project in Ghana
The International Finance Corporation (IFC) a member of the World Bank Group says it is providing a loan of $5.45 million to Alliance Estates Limited, to build the first Protea Hotel in Takoradi, Ghana. Takoradi is in the Western region of…
Fear of major risks by international investors mostly unfounded – Study
A new study by Roland Berger Strategy Consultants (RBSC) has urged private international investors to overcome their fear of major risks and get more involved in major infrastructure projects in emerging nations.
"We urgently need…
IFC invests $7m into Kenya’s horticulture firm Vegpro to expand Ghana operations
The International Finance Corporation (IFC) on June 15, 2012 announced an investment of $7 million to support the expansion of Vegpro Group into Ghana.
The funds will help the Kenyan firm to expand into its new Ghana market allowing…
Standard Bank secures $250m loan for Export Trading Group for West Africa expansion
The Standard Bank Group announced June 25, 2012 that it has successfully secured a syndicated loan of $250 million for Export Trading Group (ETG), one of Africa's largest soft commodities companies.
The Group, which is the mandated lead…
IFC, MIGA collaborate to boost investment in fragile and conflict-affected areas
The International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) has announced a collaboration between the two to mobilize investment into fragile and conflict-affected areas of the world.
In a joint…
AfDB invests $18m to help fill Africa’s infrastructure financing gap
The Board of Directors of the African Development Bank (AfDB) has approved an $18 million private equity investment to be used to finance infrastructure projects in sub-Saharan Africa.
The recipient of the investment is the InfraCo…
Stanbic Income Fund beats benchmark indices
Stanbic Income Fund (SIF), a public assets fund, outperformed the market in the asset management sector up by 20.2% in 2011, the Fund managers said at its maiden annual general meeting (AGM) held in Accra.
The Fund, which started operating…
Don’t frustrate investors with man-made bottlenecks – Minister
Mr Victor Smith, the Eastern Regional Minister, on Tuesday expressed worry about bottlenecks and frustrations investors have to endure before establishing their businesses.
He said if those man-made bottlenecks were not tackled, a…
Guinness, Tullow Oil lead Ghana Stock Exchange Composite Index Higher
The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, rose 8.49 points to 1,027.33 points from 1,018.84 points on Friday with a year-to-date return of 6.02 per cent.
The GSE-Financial Stocks…
MIGA, Korea sign pacts to up investment into developing countries
The Multilateral Investment Guarantee Agency (MIGA) and two Korean government agencies have teamed up to promote investment in developing countries by Korean firms.
To this end, the political risk insurance arm of the World Bank Group on…