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
-
Chad Expands Power Investment but Still Faces a Deep Energy Deficit
19:30
-
South Africa Once Hosted the G20. Now It Is Being Shut Out
19:03
-
BDEAC Backs Feasibility Work for Cameroon’s $1B Minkouma Power Project
18:44
-
As Bank Lending Falls Short, African SMEs Turn to Alternative Finance
18:42
-
BGFIBank Cameroon Signals Expansion With Bigger Payout and Capital Hike
18:40
-
Camtel Explores UK Satellite Option Amid Caution Over Starlink
18:39
-
AfDB Funds Nigeria’s $2 Billion Fiber Plan to Expand Broadband Access
18:30
-
Canadian Miner Montage Strengthens Côte d’Ivoire Bet With $170M Deal
18:26
-
Mixx Togo joins BCEAO payment platform, enabling cross-border transfers across UEMOA
17:06
-
Orange Group Pivots to Africa for Primary Revenue Growth Through 2030
16:57
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...
Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...
Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...
Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...
Parliament approves loans for second phase of electricity reform program Project aims to improve access and strengthen national energy system Severe...
South Africa excluded from 2026 G20 under U.S. presidency Diplomatic tensions with Washington deepen after public disputes Absence risks...
AfDB approves $200 million loan to expand Nigeria’s fiber network Project aims to extend coverage nationwide and boost broadband...
Shareholders approve Montage Gold’s $170 million takeover of African Gold Deal adds the Didievi project to strengthen Montage’s Côte...
MASA 2026 gathers artists and industry professionals from over 28 countries in Abidjan. The event features 99 performances across market and...
French lawmakers approve colonial-era restitution framework unanimously Law enables returns by decree, replacing case-by-case...