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
-
Google launches WAXAL, an open-source voice dataset for African languages
14:38
-
Egypt’s apparel exports seen reaching $4.4B in 2026 as Chinese, Turkish investment ramps up
14:11
-
Egypt and Sweden sign memorandum to expand health cooperation, focus on technology and research
13:57
-
Ghana Proposes Royalty Hike, Mining Sector Calls for Further Tax Cuts
13:41
-
Cameroon, Equatorial Guinea agree on Yoyo–Yolanda gas unitization deal
10:45
-
Google tests chat-history import to ease switching to Gemini
10:32
-
Dubai-based Avangaz secures gold mining contract in Cameroon
10:24
-
Nigeria’s Paga launches merchant insurance initiative with Leadway Assurance
10:21
-
New CBN Pilot Allows Nigerians to Send Naira to Ghana via Mobile Wallets
10:12
-
Cameroon tightens controls to curb illegal cocoa exports to Nigeria, CFA41.4bn lost in 2024
10:11
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Moniepoint, Opay, Kuda, and others gain national status with tighter oversight A naira 5 billion ...
ECOWAS has provided CFA400 million to support refugee assistance in Togo. The funding targets the...
Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...
Google launches WAXAL open-source African language voice database Dataset offers 11,000 hours across 21 languages, free on Hugging...
Egypt garment exports projected to reach $4.4 billion by 2026 Growth driven by new Chinese, Turkish textile investments Target supports...
Egypt, Sweden sign MoU to expand cooperation in health and medicine Deal targets public health, research collaboration, modern...
Ghana proposes new gold royalty scale to boost state revenue Government offers levy cut to ease miner opposition to reforms Gold exports...
Fela Kuti received a posthumous Lifetime Achievement Award from the Recording Academy He is the first African artist recognized by the Grammys...
Manovo-Gounda-St Floris National Park is one of the largest protected areas in Central Africa. Located in the northeastern part of the Central African...