VENTURES AFRICA – Ghana is drafting a law under which 30 percent of foreign investments must be ceded to Ghanaians under the revised Ghana Investment Promotion Center (GIPC) Bill currently before parliament. The Chairman of the country’s parliamentary Trade and Industry Committee, Alhaji Amadu Sorogo disclosed this. The revised GIPC bill partly seeks to empower [...]

VENTURES AFRICA – The Western Union Company (NYSE: WU), a leader in global payments services, on Tuesday said that Nigeria is at the forefront of the company’s expansion plans in Africa – facilitating reliable cross-border payments with a growing retail agent network and expansion into new channels with mobile payments and account-based money transfers. On [...]

VENTURES AFRICA – United Bank for Africa Liberia (UBAL) and three other banks have syndicated a medium-term loan deal worth $25 million for Liberia’s premier GSM Company, Lone Star Communications Company, also known as Lonestar Cell MTN. The three other investing parties were Ecobank Liberia Limited, Liberia Bank for Development & Investment and Guaranty Trust [...]

VENTURES AFRICA – Nigeria’s Finance Minister, Dr Ngozi Okonjo-Iweala is to lead the country’s $1 billion Eurobond road show which commences today. The time table of the event shows that it will commence on Wednesday 19 June in London and continue on the 20th of June in Germany, then move to New York and Boston, [...]