DPI, a leading Africa-focused private equity firm with US$1.1 billion in assets under management, is pleased to announce that its ADP I Fund has successfully sold its 27.7% shareholding in CAL Bank in Ghana to Arise BV, a financial services investment company whose major shareholders are Norfund, Rabobank and FMO. Settlement is to be effected on 14 February 2017.
CAL Bank is one of Ghana’s leading independent banks and is active in corporate, retail and investment banking. CAL Bank is listed on the Ghana Stock Exchange and is the 3rd largest bank in Ghana based on loans advanced. CAL Bank has a strong track record of delivering high growth and solid financial performance and is spearheaded by a highly skilled and experienced management team. With the support of Arise, CAL Bank is well-positioned to deliver future growth in Ghana, one of Africa’s core emerging economies.Read more...
NanaAma Botchway-Dowuona is appointed as a member of the Investment Advisory Committee of the USD 450 million Ghana Petroleum Funds at a ceremony held at the Ministry of Finance on Thursday 5th March 2015 in Accra. The Investment Advisory Committee is responsible for monitoring the management and performance of the petroleum funds.
n. dowuona & company participates in Adinkrahene Leadership Program run by Alpha Beta Christian College designed to expose young leaders to a variety of careers and industries. The firm hosted Miss Maa Adjoa Omari-Mireku a pupil of Alpha Beta for 2 days to gain an insight into the legal profession in Ghana.
n. dowuona & company launches compliance subsidiary, Amoako-Anin & Botchway Limited (“AAB Advisors”), to provide business advisory services and financial regulatory compliance training for corporate entities.
n. dowuona & company celebrates its 3 year anniversary with a Christmas Cocktail Event attended by clients, staff, friends and family at the Mövenpick Ambassador Hotel in Accra.
n. dowuona & company is appointed to provide legal advisory services as part of the IFC technical team, in connection with private sector participation options analysis for Millennium Challenge Corporation’s Compact II.
NanaAma Botchway-Dowuona addresses Africa PPP Investment & Development Summit organised by the Ministry of Finance and the Government of Ghana, at the Labadi Beach Hotel. She presented a paper on the challenges facing PPPs to a gathering of over 120 local and international experts.
Switchback Developers appoint n. dowuona & company as legal advisors in connection with the development of Switchback Park, a 17 acre mixed use development consisting of a 250 room, five star hotel, a 100 room three star hotel; two office and retail buildings offering approximately 70,000 m2 of office, retail space; and 446 units of luxury residential apartments and penthouses in four distinct towers.
n. dowuona & company raises funds for charity in support of the Longevity Project. The staff of n. dowuona & company along with their friends and family participated in the Accra International Marathon, completing 80 kilometers in all.
n. dowuona & company wins ACQ5 Global Awards 2014 for Ghana for PPP Law Firm of the year.
Abla Masoperh appointed to the board of Investcorp, a global provider and manager of alternative investment products serving high net-worth private and institutional clients.
n. dowuona & company appointed to advise Identification Management Systems in connection with its PPP with the National Identification Authority for the issuance of identification cards to foreign nationals.
n. dowuona & company advise on the USD 200 million sale of Fan Milk International a regional West African producer of fresh and frozen juice and milk products.
n. dowuona & company retained to advise on the Volta Lake Transport Company’s USD 350 million Eastern Corridor Multi Modal Transport Project (“ECMMTP”). The project involves the upgrading and development of the Akosombo and Buipe container ports infrastructure, the upgrading and development of 14 landing sites or terminals, upgrading and procuring vessels, other marine works and upgrading 700km of feeder roads to selected ferry stations on the Volta Lake.