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Investors Send France-Based $50B Fund In Search Of Opportunities In Ghana

Investors Send France-Based $50B Fund In Search Of Opportunities In Ghana

From Graphic Business

Investment facilitation company, Naseba, is upbeat about enormous potentials in Africa, especially West Africa, where it wants to direct a portion of a large pool of funds it manages on behalf of high net worth clients.

The Chairman of the France-headquartered investment facilitation firm, Mr Scott Ragsdale, told the GRAPHIC BUSINESS in an exclusive interview during a two-day fact-finding visit to Ghana that for the next two years, Africa would be his personal focus, as it tried to help its clients access good returns on their investments.

“We already have four clients who want us to organise meetings for them. So I came to Ghana to see some clients and see the opportunities for myself. I need to personally see, because if we introduce one bad opportunity to our investors, they will never work with us again,” Mr Ragsdale said.

Areas in focus

His visit to Ghana was around a real estate investment opportunity. But the company is also interested in aviation, health care, infrastructure, telecommunications, hospitality and many more. He will be going on to Sierra Leone and Nigeria on a similar mission.

Creating a platform for great business opportunities to meet ready capital in excess of US$50 billion, Naseba believes the future is Africa, an environment which currently offers 20 per cent plus returns to investor, higher than any other investment destination in the world.

The company has investors from Saudi Arabia, Kuwait, Abu Dhabi, Qatar, India as well as in China, with individuals and corporates which together bring on board excess of US$50 billion investment-hungry financing, be they debt or equity.

A lot of investors are divesting from the Middle East, particularly due to impending interest rate United States hikes there. This leaves a lot of floating funds to the attraction of good investments opportunities in emerging markets and frontier economies such as Ghana.

Read more at Graphic Business