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Monday 27 February 2017

2017-02-27

[N] Chiefs deny writing to presidency to select Tahidu as DCE
[N] KNUST student didn’t fail her exams – PRO
[N] PNC, PPP, CPP in merger talks - Bernard Mornah
[N] Ghana and Czech Republic strengthen ties
[N] Ghana@60: Truth has no partisan colour - Rawlings
[N] Brong Ahafo Region: Strong winds wreak havoc in Amangoase
[N] Ashaiman gas explosion: 8 dead, 4 vehicles burnt, dozens injured

2017-02-26

[N] Stop poisoning 'Koobi' - Prof Frimpong-Boateng
[N] Several persons dead in Tema gas explosion
[N] 18 Ghanaians rescued as SA Xenophobic attacks worsen
[N] ECG kick starts mass disconnection exercise in Ashanti Region
[N] SA Xenophobic attacks: Five Ghanaians rescued
[N] Woman, 34, appeals for support to fund 6 months dialysis bills
[N] Tanker yard at Ashaiman on fire
[N] Bawku hospital records 20 maternal deaths in two years
[N] Akufo-Addo urges Police to be neutral
[N] Man stabbed to death over ‘banku’ in Gushegu
[N] Man, 57, kills wife over sex

2017-02-25

[N] Don’t turn school worships into deliverance services - GES
[N] Fix dumsor - Kweku Baako to Akufo-Addo
[N] Paul Ansah is new GPHA boss
[N] KNUST police to question roommate of suicide student
[N] Eleven injured during rainstorm at Akyem Asene
[N] Information Minister visits Ghana Publishing
[N] 35-year-old man defiles girl, 5

2017-02-24

[N] MP’s daughter allegedly commits suicide on KNUST Campus
[N] Opuni will be vindicated – Sam George
[N] Too many people flooding Flagstaff House - K.B Asante
[N] 2 mobile money robbers nabbed
[N] Parliament bans placards on budget day
[N] We are not aware teachers are impregnating school girls - GES PRO
[N] Be serious about the president’s security – Analyst tells security operatives
[N] Police hunt for 16-year-old student for attempted murder
[N] John Mahama's keynote address at 2016 African Leadership Magazine Person of the
[N] 'Bad policies' cause of Ghana's dependency on donors - KB Asante
[N] Work on Pokuase interchange to begin in September
[N] 22 suspected assailants of Kumasi ‘naked woman’ bailed
[N] You're a homosexual & disgrace to your family - Foh-Amoaning fires Amnesty Board

2017-02-22

[N] ‘Planting for Food and Jobs’ to begin with GHc 560m cost
[N] Parliament’s image dips due to bribery allegation - Report
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General News

[ 2017-02-15 ]

Norfund’s Arise acquires 27.7% of CAL Bank
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 assets in excess
of US$1 billion under management.

DPI had worked with CAL Bank for four years.
Arise, which is a collaborative partnership
between international companies, Norfund, FMO and
Rabobank is a strategic investor in minority
stakes in Sub-Saharan African Financial Service
Providers (FSPs)

In addition, Arise Investment has a core aim of
building strong and stable institutions that serve
retail, Small and Medium Enterprises (SMEs), the
rural sector, and clients who have not previously
had access to financial services.

Speaking to Citi Business News, the Head of
Investor Relations at CAL Bank Miss Dzifa
Amegashie was optimistic the bank will continue to
post growth in profit, asset, and returns on
equity.

“The most important thing is that the new investor
is fully approved by the board of CAL Bank and the
new investor fully fits in with our plans for
growing a leading bank in Ghana. We believe our
growth in profit, assets and returns on equity
will continue like we saw under the former
investor,” she said.

She stated that the bank has posted good
performance in almost all the areas of its
operations.

Explaining how the new investors will contribute
to the management of the bank, Miss Amegashie
stated that the new shareholder will aid the bank
to grow it retail franchise.

She stated that the bank will use technology and
innovative means to expand it operations

Source - citibsinessnews.com



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