Ghana Fund Eyes Agriculture as Databank Readies Buyout Deals
This article is for subscribers only.
Ghana’s biggest private money manager plans to start a buyout fund that will invest in agriculture and financial-services companies in the West African nation.
“We’re building the pipeline to get it ready,” Kojo Addae-Mensah, chief executive officer of Databank Group, an investment bank and money manager with the equivalent of $232 million in assets, said in an interview on May 11 in the capital, Accra. The fund will target returns of more than 10 percent over five years, he said.