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Ghana,United States : WAEMGF invests US $5 million in LEASAFRIC GHANA to provide solutions to SMEs

July 3, 2014

The West Africa Emerging Markets Growth Fund (WAEMGF) announced a US $5 million investment in Leasafric Ghana Limited a financial institution that provides finance and operating lease solutions to SMEs and companies in Ghana.

The company established itself as a solid financial service provider offering innovative asset financing solutions to Ghanaian businesses.

This comes at a time when the company s capital base as per minimum capital guidelines set by the Bank of Ghana allows Leasafric to expand its activities into other economic sectors (such as agriculture and oil and gas). The company also acquired the Hertz car rental franchise.

J. Mawuli Ababio, Partner, PCM Capital Partners (PCP) said, the financial services sector is crucial to SME growth and development and our investment gives us an excellent platform to provide growth capital to local companies. We are pleased to partner C&I Leasing together with respected local partners in this investment.

The investment in Leasafric is a testament to the confidence PCM Capital Partners, and others have in Leasafric as the most profitable, fast growing non-bank leasing and ancillary service company in Ghana.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: TendersInfo (India)

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