Established as a pure non-public fairness business in 1998, Fortress has transitioned right into a highly diversified, international investment supervisor.
Before this calendar year the cellular penetration price in Ghana surpassed one hundred pc. This doesn't essentially imply that each Ghanaian contains a cell phone. Accounting for several sim cards or possession of various cell phones, telecom insiders estimate that cellphone ownership is simply approaching 16 million.
Its track record as among the continent’s most secure democracies Just about looks like an added reward. For these motives, Ghana is now more and more appealing to overseas traders.
Common buyout and sector-unique cash focused on Command-oriented investments in money-stream creating assets and asset-based mostly corporations in North America, the Caribbean and Western Europe
Halting in Accra is among my favourite matters to do, by no means a lot more so now than just before. Landing in a country exactly where immigration claims “Welcome Household†(as an easy way to tell me of my meant Ghanaian attributes) is usually endearing.
Intercontinental trade thrives with no satisfactory trade financing. Bank managers know this and try to fast strengthen the standard of service. But, as being the story Usually goes, capital investment is needed to maintain expansion and meet the at any time-escalating desires of buyers.
Oil manufacturing progress from the United States, Brazil, Canada and Norway can maintain the earth well provided, a lot more than Conference world oil demand why not find out more development through 2020, but more investment will be needed to boost output following that, in accordance with the Worldwide Energy Agency’s hottest once-a-year report on oil marketplaces.
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But Ghana has shown much more assure than other countries inside the region. Choose Cameroon for instance. It's got an identical standard of money, nevertheless Ghana has much more than double the number of ATMs for every head in the Grownup population. Benin, also with the same level of cash flow, only has one-third of your banking institutions for every head of adult inhabitants as compared to Ghana.
A booming oil and fuel sector is pushing for far better all-all over service to guidance their expansion when telecom firms go on to develop infrastructure as a way to make improvements to quality and security.
Major Thoughts and minimal cash will be the story of most Ghanaian banks. They're just unable to meet the growing need in the his comment is here Power, mining, oil & gas, and telecommunications sectors. Corporate banking and finance units are understaffed and inefficiently utilized.
Ahead of signing up for Fortress in February 2005, Mr. McKnight was the trader for Fir Tree Associates where by he was answerable for examining and trading substantial yield and convertible bonds, bank personal debt, derivatives and equities for that $two.
Investment effectiveness is our cornerstone - we attempt to generate robust danger adjusted returns for our buyers above the long term.
Just before joining Fortress in June 2002, Ms. Cowen was for the Baupost Group, where by she was involved in the acquisition of public and private distressed debt and equity securities, as well as non-accomplishing personal loan portfolios.
Downtown Accra and neighboring suburbs are seeing a surge in design as developers see a rising inflow of cash from overseas buyers. Enhancements why not find out more in customer financing and home loans while in the banking sector will even incorporate to The chance for residential and industrial real estate.