Ghana: Kleeve & Tove acquires NDK Capital
Monday, 16 November 2020 16:58
The investment and consulting firm Kleeve & Tove acquired a 100% stake in Ghanaian asset manager NDK Capital Limited for an undisclosed amount.
According to Citi Business News, which reported the news following this operation, the top management of Kleeve & Tove has reorganized the management and the board of directors of the newly acquired company. Senyo Hosi (pictured) who heads Kleeve & Tove says his firm will focus on major companies and brands in Ghana and beyond.
“We are guided by prudence, service, and excellence in the pursuit of our goal to win with our current and future clients,” he commented. The management of the divested company did not discuss the motives for the sale let alone the details of the sale.
As a reminder, last October, the financial market regulator in Ghana called on fund managers and other market operators to strengthen their equity capital by December 31, 2021, at the latest.
Chamberline MOKO
Live News
-
India-Based Husk Seeks $400 Million to Expand AI-Driven Decentralised Energy Across Africa.
16:34
-
develoPPP Ventures Opens Applications for €100,000 Funding Round in Kenya
16:28
-
Nigeria’s Konnadex Gets $20,000 Lisk Grant to Develop Stablecoin Payment Portal
16:24
-
M-KOPA Kenya Tops $1.6 Billion in Credit After Serving 4.8 Million Customers
16:21
-
Côte d’Ivoire Approves $47M Fisheries Budget for 2026, Up 24% as Output Lags
16:20
-
Mozambique Grants State Firms 30-Year Concession for LNG Infrastructure
16:18
-
AfDB Advises That Regional Power Integration Is Africa’s True Energy Game-Changer
16:13
-
Japanese chocolatiers show growing interest in Cameroon’s cocoa
12:17
-
Government, African Development Bank Accelerate 21-Billion-Franc Project Targeting Modern Agriculture
12:15
-
Cameroon holds 1.1% share of African exports and ranks 19th in 2024
12:12
(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing...
S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...
MTN Innovation Lab hosts Africa HealthTech Export 2025 Bootcamp in Cotonou Event targets s...
Attack risks internet disruptions; investigation launched near Massakory EU-funded project aims ...
Public Eye claims over 90% of Cerelac samples in Africa contain added sugar, averaging 6 g per por...
Husk Power Systems plans to deploy one gigawatt of decentralised energy assets in Africa by 2030 using an artificial intelligence platform. The chief...
Côte d’Ivoire approves $46.9M animal and fisheries budget for 2026, up 24% 42% allocated to fisheries resource development under national policy...
Mozambique grants 30-year LNG concession to state-owned company consortium Project includes LNG terminal in Beira, pipeline to South Africa, and...
The African Development Bank states that regional power integration is essential for reliable, affordable, and scalable electricity in Africa. Mission...
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...