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Thinking Outside The box (Overseas Investment Series)
Rank: Chief Joined: 1/13/2011 Posts: 5,964
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I admire Ecobank. A true definition of a Pan-african investment.
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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DATABANK BFUND 2010 ANNUAL REPORT http://www.databankgroup...UND%20REPORT%202010.pdf
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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REAL ESTATE THINGS ARE LOOKING UP IN GHANA Discerning investors have long discovered that if one can get an acre of land in a prime location in Accra, and pay even US$500,000 to US$1 million for it, one can put up between 6-10 single-family homes on it, sell them for more than US$2 million and make a tidy profit in less than two years. And this practice has placed excessive demand pressure on prime lands in Accra, and also increased the rents of ordinary people in most suburbs of Accra. Ghana’s upmarket housing sector continues to grow quickly and keeps attracting more investment from both local and foreign companies. The recent signing of a US$10 billion housing deal between the government and the South Korea-based real estate developer STX, is seen as the needed catalyst to open up more business opportunities at the lower end of the property market, for flats or apartments priced in the US$30,000 to US$60,000 range, and bring more vibrancy and growth to the housing sector. The government’s active involvement in the housing sector in 2010 has already started motivating the private sector to show interest. Even some labour unions are considering putting their member dues into real estate investments. The Ghana Real Estate Developers Association (GREDA) is planning a massive housing project and has asked government for some concessions. GREDA wants the government to grant it a sovereign guarantee for securing the funding to construct 300,000 units of housing estimated at a total cost of US$7billion over the next decade. In addition, the association wants tax exemptions on imported materials for construction. Before the government had the time to consider GREDA’s proposal, the National Association of Graduate Teachers (NAGRAT) announced plans to build a housing project for its members and has called on the government to grant it similar concessions as requested by GREDA. If the government heeds calls by these groups, granting tax waivers and specific construction concessions, the floodgates will open. Members of various labour unions and other entities currently bear the brunt of exorbitant rent charges from landlords who take advantage of the supply shortfall to charge usurious fees for their heavily sought-after accommodations. According to Kojo Addo-Kuffour, CEO of a local mortgage company, Ghana Home Loans, even if these new developments planned across the country came to fruition, they would hardly meet the growing demand, a significant part of which comes from the increasing number of middle income earners in the country and Ghanaians resident abroad who are returning home or want second homes in Ghana. Various experts, including GREDA and the Ministry of Water Resources, Works and Housing, put annual demand for home units at about 100,000 units. On the supply side, all efforts by developers put together hardly add up to 70,000 units annually on average, leaving an annual shortfall of about 30,000 units. With Ghana's GDP destined to cross the 10% per annum bar in 2011 for the first time in the country's history, the economic performance that is spurring that growth can only keep the housing sector continuing to boil for the foreseeable future. Presenting the government’s budget for 2011 to parliament last November for debate and approval, the Finance and Economic Planning Minister, Dr. Kwabena Duffour, told the nation that “Ghana faces an acute housing deficit of one million units especially in the urban centres. The cost of housing and other infrastructural development is excessively high as most of the materials used are imported. However, there exist abundant raw materials which can be used in the construction industry to reduce import content.” Duffour added that the government was seeking to ensure that by the year 2015 at least 60% of the raw materials used in the construction industry would be indigenous to reduce the nation’s import bill. According to him, a housing policy programme on the utilisation of local building materials such as clay brick and tiles, pozzolana cement and bamboo in the building industry has already been prepared on the initiative of government. All previous governments of Ghana have recognised housing as one of the important infrastructural developments necessary for economic growth. But it is also widely known that the heart of the challenge of reducing Ghana’s housing deficit is issues related to land acquisition and the price of land. A study by the International Housing Coalition presented at the World Urban Forum held in Vancouver, Canada in June 2006, sheds more light on the issue of land in Ghana: “Land prices in Accra prohibit about 65% of the population from entering the housing market. Land values, for instance, in East Legon, a suburb in the capital, are between $40,000 and $60,000 per residential plot with serviced lands in Tema selling for about $15,000 to $18,000 per plot.” “In Kumasi, the second largest city, urban land prices range from $20,000 to $40,000 for un-serviced land close to major road networks,” the report said. “You also have to remember that there are land title problems in Ghana, especially in Accra. And outside Accra, the challenge you would face as a developer is the infrastructure that will allow the people (who buy the property) to commute,” says Oko Omaboe, CEO of Nowak, a private developer, famous for delivering 10 executive houses in nine months to accommodate African heads of states who attended the 2007 African Union (AU) summit in Accra. “So it is not just about being able to put a large number of houses up. There is also infrastructure that goes with it and that is not going to be borne by any developer. That lies at the doorstep of the government,” Omoboe adds. Despite the challenges private developers face, many remain buoyant about the sector and continue to invest more. The figures for the first half of 2010 from the Ghana Investment Promotion Centre (GIPC) show significant increases in investments targeted at the upper middle class population. Notable among them, is a US$3.5 million investment by Soroma Ghana Funds for the construction of luxury apartment-style residences. Omoboe shares his excitement about the market: “We have sold quite well, off-plan (before completion). Our customer target is anybody who wants to buy good quality property in Accra. Out of the number we have sold so far, I would say about 87% were bought by Ghanaians living here in Ghana.” Given the apparent willingness of the government to give appetising incentives to foreign property developers in order to attract external capital, should local developers succeed in getting the same or similar sweeteners, there could be a property development explosion in Ghana which would certainly increase the housing stock. That, in turn, would lead to a cooling of the price appreciation in property values in the last ten years. As foreign investors continue to flock to Ghana in search of high returns, and more airlines ferry them to Ghana, many are deciding to stay and begin exploring accommodation options. If even 5% of the estimated 2 million Ghanaians resident overseas decide to return permanently to Ghana, that would mean an immediate need for up to 50,000 new homes. With Ghana’s GDP destined to cross the 10% per annum bar in 2011 for the first time in the country’s history, the economic performance that is spurring that growth can only keep the housing sector continuing to boil for the foreseeable future. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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Ghana BourseFour advancers caused a 23bps gain in the level of the GSE Composite Index. On its first day of listing on the local bourse, Tullow Oil inched up by 26bps (Tullow Oil Plc. listed 3.531m newly issued shares on the Ghana Stock Exchange); the other gainers were UT Bank (+278bps), Cocoa Processing Co. (confectionaries, +50%) and SG-SSB (+204bps). CAL Bank and HFC Bank were however in the red with a loss of 357bps and 286bps respectively. UT Bank and Cocoa Processing Co. traded high volumes representing 79% of total executed trades (1.33m shades); turnover was GHø636,099. The Index was quoted at 1,180.56 points and has returned 18.06% (13.77% in dollar terms). In company news, Benso Oil Palm Plantation (agribusiness) and Ecobank Ghana released their earnings for the period ended The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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KASOA (GHANA) REAL ESTATE BOOM IN THE OFFINGKasoa is a confluence town in Ghana that connects the Central Region (Capital Cape Coast) to Accra. Kasoa Accra route has the highest vehicular traffic (4,100 vehicles per hour) in Ghana. The road is extremely bad a bumpy two lane road. It takes 4 hours to commute from Kasoa to central accra a distance of 60 Kilometers. It is really a nightmare !!!. The journey follows this path :- Kasoa ---->Mallam------>Accra. Two things will make sleepy Kasoa real estate to explode in years ahead. (i) The completion of Mallam-Accra (tetter Quarshie interchange) 6 lane expressway which is to be officially declared open today 15th Feb 2012 by President Mills:- www.ghana.gov.gh/.../110...-mallam-road-opens-todayhttp://gbcghana.com/index.php?id=1.772729
(ii) The Commencement of BRT (Bus Rapid Transport System) from Accra to Kasoa, the first pilot scheme in Ghana a world bank project partly funded by Ghana government :- www.modernghana.com/.../...issions-us90m-brt-pro... This project commenced in Feb 2011 and it is expected to be completed in Q1 2013. DERIVERABLESKasoa to Accra will take only 25 minutes rather than the usual 4 hours. With this infrastructure in place there will be upward spiral swing effect in Kasoa real estate. The biggest and the most reliable real estate agent that has positioned in Kasoa is 21st Century Construction limited the developers of Kasoa Millenium City. At the moment a 100ft X 80 ft plot costs cost 6,000 ghana cedis about 285K Ksh PAYABLE BY INSTALLMENTS OVER 30 MONTHS. The smallest house is a 2 bedroom bungalow costs 47,000 Ghana Cedis about 2.2 Million Ksh payable over one year. Last year (early 2011) a plot cost 4,800 Ghana Cedis and two bedroom bungalow was 37,000 Ghana Cedis. For more info check out :- http://www.milleniumcitygh.com/
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Member Joined: 11/24/2011 Posts: 833
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@young would you do a post on the 101 of investing in North American markets?
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Rank: Veteran Joined: 12/21/2011 Posts: 1,010
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@young,would give mi u r email address,got a question for u in lagos. thxs
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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pariah wrote:@young would you do a post on the 101 of investing in North American markets? Investment concept is universal my friend. But when investing in North American Market avoid penny stocks. In general have no business with penny stocks in any market. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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wilyum wrote:@young,would give mi u r email address,got a question for u in lagos. thxs Let me have your email rather and I will send mine to you. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Veteran Joined: 12/21/2011 Posts: 1,010
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young wrote: Quote:wilyum wrote: Quote:
@young,would give mi u r email address,got a question for u in lagos. thxs
Let me have your email rather and I will send mine to you. wilyumv at gmail, thxs
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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Ok @wilyumv The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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FREE FALL OF GHANA CEDI SINCE JANUARY 2012 !!!It appears the end to the depreciation of the cedi, which has since January this year hit over 20 per cent, will last a little longer. Samuel Doe Ablordepprey reports. It appears the end to the decepreciation of the cedi, which has since January this year hit over 20 per cent, will last a little longer. Samuel Doe Ablordeppey reports Economic and financial experts have predicted more troubles for the Ghana cedi in the coming months as a result of several factors, including rising imports in the face of declining exports. As of the end of May this year, total merchandise exports grew by 24.6 per cent year-on-year, against total merchandise imports growth of 27.9 per cent year-on-year with the balance of trade recording a deficit of US$937.3 million by end May 2012, compared with a deficit of US$597.2 million recorded in the same period a year ago. Analysts from Absa Capital, a member of the Barclays Group, see the cedi closing the year at around GH¢1.98 to the dollar, rising thereafter to about GH¢2 before receding at the back of higher inflows from oil exports and commodity price hikes. The team of experts from Absa Capital, led by Mr Jeff Gable, an authority on emerging markets, said at a Barclays Bank of Ghana forum in Accra that continued import demands and high consumption at infrastructure level, against liturgic remittances out of Europe because of the crisis in the euro zone, would combine to put more pressure on the local currency. As a direct result of the euro zone slowdown, cumulative inward remittances through the banking system grew only by 7.5 per cent year-on-year out, Bank of Ghana figures indicate. Remittances that accrued to individuals recorded a growth of 6.6 per cent of over the same period in 2011. “We expect the pace of depreciation to slow mainly because interest rates are on the rise, while the measures introduced to check the forex exchange depreciation would also yield positive dividend,” the Foreign Exchange Strategist at Absa Capital, Mr Mike Keenan, said. However, the Governor of the Bank of Ghana, Paa Kwesi Amissah-Arthur, believes measures introduced by the central bank to check the weakening of the cedi should enable it to stabilise within the next six months. The governor said the 14 per cent growth in the gross domestic product (GDP) had brought about nearly 80 per cent rise in imports, and wants banks which financed such transactions to do so prudently in order not to burn their fingers. Total merchandise exports were US$6.6 billion over the first five months of 2012, representing a year-on-year growth of 24.6 per cent. On the other side, total imports reached US$7.5 billion during the five months, indicating a growth of 27.9 per cent on a year-on-year basis. The balance on the trade account, therefore, registered a deficit of US$937.3 million by end May 2012, compared with a deficit of US$597.2 million recorded in the same period a year ago. For the first quarter of 2012, the Balance of Payments recorded a deficit of US$1.3 billion, compared to a deficit of only US$154.2 million in the same period of 2011, while gross international reserves of the Bank of Ghana declined to US$4.3 billion as at June 8, from U$5.4 billion in December 2011. This is equivalent to 2.5 months imports cover of goods and services. Mr Keenan said the cedi had underperformed its peers in the Sub-Saharan Africa basket, weakening by almost negative 16 per cent against the dollar. “Even though the cedi has already weakened dramatically this year, we expect the local unit to maintain a weakening bias over the coming months. We continue to see scope for the BoG to hike its lending rates over the coming months,” Mr Keenan said. However, he said, such an action by the central bank would not have the desired impact on the demand for the dollar, especially since such demands were informed by rising consumption and infrastructure financing. The foreign exchange strategist also looked at trending correlations of the cedi with other currencies and happenings in the United States and European economies, while concluding that the cedi was inversely related to the status of the dollar, where a strengthening dollar always gave some value to the cedi, and vice versa. The cedi, however, had a positive relationship with rising prices of commodities such as gold and cocoa, adding that although the cedi traditionally strengthened in the third quarter of the year, such a fate was relatively vulnerable due to factors such as depleting reserves and worsening current account balances. The Africa Strategist at Absa, Mr Rodle Markus, said although Ghana seemed to be going through some challenges, its “bad days are good” considering that they expected commodity prices to rally by the close of the year, and even higher into 2013. Mr Markus, however, pointed out that the weakening currency situation was an emerging economy issue with many African economies suffering the same fate, partly because of the global investor aversion to risk which was squeezing foreign direct investment flows away from frontier markets such as Sub-Saharan Africa. He was optimistic also that the increasing focus on commercial infrastructural development would turn out to serve the economy positively going forward; the very phenomenon which Mr Amissah-Arthur believes would impact positively on the currency in the next six months. “We believe we will see stability of the cedi in the next six months after which the cedi will begin to appreciate as the trend has been,” the central bank governor said, as he commended Barclays Bank for organising the economic update series. The Managing Director of Barclays Bank of Ghana Limited, Mr Benjamin Dabrah, said the rising interest rates on the banking sector was necessitated by several factors but said it could help attract investors to invest in the economy, and thus contribute in halting the decline of the cedi. “I see the decrease in interest rates in the last few months as a direct consequence of the weakening cedi that we saw. One of the things you want to do is to make your currency attractive to the investors. If I make the interest rate a little high, it attracts people to invest in the local currency. This actually accounts for the relative slow down in the value of the cedi,” Mr Dabrah explained and lauded the BoG’s decision to raise its policy rate. Throwing light on the forum, the Barclays Ghana managing director said they carefully chose the topic to reflect the current local economic situation. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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Quick facts on Ghana Cedis. Nov 2008 1 Ghc = 0.95 USD Jan 2012 1 GHC = 1.66 USD July 2012 1 GHC = 1.94 USD For foreigners Ghana Cedi denominated goods cheap an affordable. Serviced plot in Millenium City Kasoa, Accra suburb is GHC 6200 = USD 3,200 = KSH 267,200 = 501,000 Nigerian Naira Plot size = 80ft X 100 Ft http://www.milleniumcity...ets/21ST_Price_List.pdf
Completed house is USD denominated , cheapest 2 bed bungalow is USD 30,000. Payment plan available ie 20% initial deposit, balance spread over one year. Th tis is a good time to invest in Ghana as the local currency will recover considerably after Dec 2012 election. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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GHANA...$600 million modern city projects takeoffRenaissance Group, a leading emerging markets investment firm and developer of Africa’s most exciting urban living solutions, in partnership with two traditional authorities in Ghana, has jointly ushered in Ghana’s urban future with the unveiling of $600 million urban housing projects, to be developed at Kpone-Appolonia-City of Light and the King City, both in the Greater Accra and Western regions. According to the senior managers of the Group, the projects would redefine the country’s urban landscape and see the construction of mixed-use urban development’s for more than 160,000 Ghana. The two projects, which are due to start in 2013, and completed over a period of 10 years, are expected to create new growth points to ease the current congestion in major cities and urban areas in Ghana. The King City will be developed on nearly 2,400 acres (1,000 hectares), while Appolonia, being christened the City of Light, will be constructed on 2,000 acres (800 hectares). Both cities will be designed for a holistic lifestyle, whereby each of their more than 80,000 residents will be able to live, work and play in one geographical location. The senior managers say the land will be developed for residential properties, retail and other commercial centres, as well as schools, healthcare centres and other social infrastructure. Launching the projects in Accra, over the weekend, the Vice President, John Dramani Mahama, expressed the need for proper spatial planning for cities in Ghana, which has become imperative, as the urban population overtakes rural population. In his own words: “In the past, we used to have 70 per cent of our population in the rural areas and 30 per cent in the urban areas, but now the figure has changed to an estimated 53% in the urban areas and 47% in rural areas, due to economic growth, and this means we need to do proper spatial planning in our ‘disorganized’ cities”. He said government did not have a hard time giving its blessing to the projects, because it was a private initiative, which would not be a burden on government’s budget, but promised to yield great benefits for the country, particularly with the oil discovery. Mr. Mahama commended the Renaissance Group for choosing Ghana, and assured them of government’s full support for the projects. The Chief Executive Officer of the Renaissance Group, Mr. Stephen Jennings was happy to say that “the company is proud to join Ghanaian partners to announce King City and Appolonia-City of Light in Ghana and to create a world-class infrastructure and visionary urban solutions to Africa’s economic growth”. The Chief of Takoradi, Osahene Katakyi Busumakura III, said the King City project falls within the Omanhene’s Sustainable Development Programme, which aims to make Takoradiman, an attractive port city and gateway to the sub-region a viable investment centre, a livable and conducive city in Africa and the world by 2025. He thanked the Renaissance Group for coming onboard to make his vision a reality, and urged all Ghanaians to start booking their place in the King City and “be the first to enjoy a peaceful, happy life in the modern environment that will be created by this project.” The Chief of Apolonia, NiiTeiAdumuah II said even though Apolonia is known to be a peaceful, beautiful, serene and refreshing environment, there is very little economic activity in the area, as youth unemployment has been a major challenge, and development is virtually nonexistent. “This is why I am particularly excited about this project because the development that my people and I have long desired will soon become a reality,” he said. The Vice President in charge of West Africa of the Renaissance Group, Mr. DelaWorsonu told journalists earlier at press conference that the projects had already received massive support from government, as well as the chiefs and peoples of the two areas chosen for the projects. He said the company and the chiefs of the two areas had reached separate equity agreements, in which the chiefs invested the land on behalf of their people, and Renaissance Group would also invest the money as the master development planner to demarcate the areas, build the roads, and bring in utilities and other infrastructure and services. Mr. Worsonu, therefore, assured his fellow Ghanaians that both cities would have areas for people of different income levels, saying that they had, for instance, secured a company ready to do mortgage of as low as GH¢18,000 repayable in 15 years. The Head of Real Estates, Africa for the Renaissance Group, Arnold Meyer, said Renaissance would do the master plan for the two cities, and bring in the essential utilities and infrastructure, but the actually buildings would be constructed by private individuals and companies with specifications from Renaissance. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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FRENCH INVESTORS EYE GHANAFrench investors are preparing to swarm the country in an investment tour that is projected to create more than 15,000 jobs. Suleiman Mustapha reports France plans to step up its economic ties with Ghana by encouraging its private sector to double its investments in the country from the current annual figure of US$400 million to about US$700 million by 2013. Consequently, the Mouvement des Entreprises de France (MEDEF) or Movement of the Enterprises of France, the largest union of employers in France, will converge on Ghana next year for a summit to identify investment opportunities in the country. French Ambassador to Ghana, Mr Frederic Clavier, told the GRAPHIC BUSINESS in an exclusive interview that French investors were moved by the level of investment opportunities in the country. MEDEF, which is the highest business lobbying organisation in France, is similar to the CBI of the United Kingdom or Federation of Small Businesses in the United States. “French cooperation with Ghana is deepening at various levels of business and French assistance is expanding in various development projects concerning the economy such as the sovereign concessional loan from our development agency, AFD, granted to the Volta River Authority”, the ambassador said. According to Mr Clavier, Ghana was on top of the list of countries that the French private sector wanted to do more business with, saying, "we want to be a major player in this country". "We see the stability and growing economy of Ghana and we have decided to do better in terms of investment in this country," he said, adding that, “Ghana is by far a model business destination in the West African sub-region”. The Movement of French Enterprises, which is made up of more than 800,000 enterprises is expected to see a massive injection of investment flows from France by next year. According to the diplomat, the visit of the French Prime Minister last year indicated “France’s willingness to participate in Ghana’s economic development,” adding that his country was re-orienting its policies toward Africa to further engage non-French-speaking nations. There are at the moment 60 French business establishments in Ghana and France is the 11th on the roll of international investors in Ghana, but fourth on the list of Ghana's overseas clients. “Ghana stands on first place for its comparative advantages. The perspectives are excellent, with a steady economic growth. The numerous projects, in particular in the field of infrastructure, favour the attractiveness of the country”. Top executives of the French business community who will be visiting the country next year will cut across various fields of investments including; energy, electricity, agriculture, information and communication technology, packaging, insurance, shipping, telecommunications, banking, water, transport, engineering and public works. "We intend to capitalise on that and participate even deeper in your economy to ensure that our score on your investment sheet will rise from 11th to a better place soon," he said. “This is expected to contribute directly or indirectly to the employment of 20,000 persons, in particular in agricultural and food-processing industries”, Mr Clavier said. In 2009, trade between France and Ghana reached €535 million, after recording growth in excess of 20 per cent per year since 2005. In addition to the debt cancellation measures for the country implemented under the framework of the Club of Paris, France granted Ghana additional treatment which has taken the form of a debt reduction and development contract (C2D). The first C2D (2005-2007), with €21 million was implemented in the form of a global budgetary assistance through Multi Donor Budget Support (MDBS). The second C2D in favour of Ghana was established for the 2008-2013 period, for a total of €42 million. For the 2008-2010 periods, it has taken the form of global budget assistance in the amount of €21 million, marking the continuity of France’s presence within the MDBS. A second phase with an equivalent sum and according to the same terms will be implemented for 2011-2013. In 2011, France under its development wing, AFD signed three financing agreements total of some 50 million euros with the Ghana Government involving urban development projects. In 2003, a major French bank Société Générale took over SSB Bank and in the agricultural sector Compagnie Fruitière started fruit farming (ananas). These investments represented almost half of the total foreign direct investments recorded in Ghana in 2003. In 2005, Total took over Mobil Ghana and is now the market leader in the distribution of refined petroleum products. The same year, the regional office of L'Air Liquide (industrial and medical gas producer) was transferred to Accra. The other major companies are dealing in petroleum products (Total), hotel activities (Accor – Novotel), shipping (Bolloré, SDV, Antrak), goods inspection (Bureau Veritas), water and electricity infrastructure (Burgeap, Norelec), wholesale/retail (CFAO), agriculture (GREL) and industry (Franpac, l"Air Liquide, Nexans Kabelmetall). Proparco, the subsidiary of AFD which is dedicated to supporting the private sector, has set up a strong partnership with the banking sector by providing medium-term line of credit to finance the investment projects of small and medium sized enterprises. Five commercial and leasing companies have so far benefited from PROPACO’s lines of credit up to US$27 million. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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Ghana Databank Balanced Fund2011 Annual Report http://www.databankgroup...nagement/Bfund-2011.pdf
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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Databank Ghana Fund manager EPACK 2011 annual report http://www.databankgroup...nagement/Epack-2011.pdf
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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Databank Of Ghana Money Market Fund 2011 Annual Report http://www.databankgroup...nagement/Mfund-2011.pdf
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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Ugandans, East Africans that invest in Entebber - Kampala Environment will experience real estate boom in the near future with the commencement of construction of 6 lane 42Km Entebbe - Kampala highway. http://www.monitor.co.ug.../-/kc3b41z/-/index.html
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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