Ghana has announced it is embarking on aggressive oil exploration in the upstream petroleum sector as part of its strategy to revive the country’s industry. In line with the strategy, Vice President Alhaji Mahammudu Bawumia, said on Monday that the government will later this year initiate a bidding process “to allocate oil blocs to competent … Read more
CAL Bank has assured that an acquisition of 27.7 percent stake in the bank by Arise Investment will further grow the company to entrench its position as one of the leading banks in Ghana. Arise Investment, which is based in the Netherlands acquired the 27.7 percent shares of DPI — a private equity firm with … Read more
CAL Bank Limited has announced that its second largest shareholder DPI has successfully sold its 27.7 percent stake in CAL Bank to Arise BV of Netherlands. Since 2012, when DPI, a leading Africa-focused private equity firm with $1.1 billion in assets under management invested in CAL, the bank has reported a 16 percent increase in … Read more
Norfund – the Norwegian investment fund for developing countries, is to set up its West Africa office in Ghana in the first quarter of this year. The office is expected to focus on investing in the food and agribusiness value chain in the country. The Chief Executive Officer of Norfund, Mr Kjell Roland, said the … Read more
Norwegian and African leaders across industries are expected to meet once again at the Radisson Blu Scandinavian Hotel in Oslo to discuss trends, issues and great potentials for rising cities of Africa under the ever growing annual Norwegian-African summit. The summit will be hosted by the Norwegian-African Business Association (NABA). The 2016 summit, the 6th … Read more