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Friday 20 October 2017

2017-10-12

[N] PURC boss, Samuel Sarpong, sacked
[N] Don’t stampede gov’t into closing fuel stations – OMCs
[N] £350k Scandal: Otumfuo clean – Sacked Bank Official
[N] 245 suspected drug peddlers, prostitutes arrested in Ashanti
[N] Don’t follow ‘malicious’ social media – Rawlings advises Media General
[N] Gov’t withdraws Zongo Development Fund bill

2017-10-11

[B] Ghana woos investors at IMF/World Bank Meetings
[B] Hybrid power stations to add 850MW to grid
[N] Agric College Students Picket At MoFA Today
[N] We don’t need cabinet meeting to solve gas explosions – Namoale
[N] Cost of home loans drop to 30.6 %
[B] Ghana’s exports rise to $ 8.9 billion
[N] Gov’t investigating report of Ghanaian ISIS fighters – Majority
[N] Tension in Bimbila ahead of late chief burial Thursday
[N] Akufo-Addo's 'one achievement, one launch' is new NPP strategy
[N] God is the reason - 13-year-old KNUST student says
[N] Workers on the Kejetia market project to lay down tools following threats
[N] Parliament tasks 3 committees to investigate gas explosions
[N] Mansco Gas must compensate explosion victims – Mahama Ayariga
[N] Police accused in Delta Force 13 case

2017-10-10

[B] Airlines upbeat about boost in business
[N] Earlier charges against Delta Forces dropped
[N] SUNDA Int. & TWYFORD Ceramics donate to gas explosion victims
[N] Operation to ban public smoking in Tamale to be activated after six arrested in
[N] AUCC founder launches book about his life as public servant and private citizen

2017-10-09

[S] Ghana Rugby team beats Mauritius in impressive Sevens campaign
[N] Thieves steal car at Legon after man fled from Atomic gas explosion
[N] Fuel explosions: NPA to employ 200 extra safety auditors – Agyarko
[N] Petrochemical workers opposed gov’t's new policy on gas explosions – Abu Ramadan
[N] Kwadaso Agric. College Students boycott lectures over unpaid allowances
[N] Court grants withdrawal of application against lawyer for EC boss
[N] Nana Addo to personally pay for presidential correspondent’s funeral
[N] NDC financiers, others frustrated our fight against 'illegal' fuel stations - Ay
[N] New Ya-Naa Will Be My 1st Year’s Crowning Achievement – Akufo-Addo

2017-10-08

[N] Kwadaso MP visits flood prone areas after heavy down pour
[I] Ellen Johnson Sirleaf Touts Legacy As She Prepares To Step Down  
[N] Wassa Akropong Shooting; 4 Arrested
[N] Brother Of 13-Year-Old KNUST Student To Break Sister’s Record
[N] Encroachment of Owabi Forest cause of flooding at Atafoa- Assemblyman
[N] Kwadaso: building kills 2, 1 in critical condition
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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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