In a speech to the Aliu Mahama Foundation Minister Ofori-Atta outlined the Administration's plan to transform the Ghanaian economy and free the nation "forever from the rusty by enduring shackles of aid dependency." Ofoi-Atta discussed the need for Ghana to chart its own development path, and broke down the actions that must be taken into 6 distinct priorities: agriculture, banking, oil and gas, bauxite, education and skills training, and entrepreneurship. Read the full speech here.
Stephen D. Cashin, CEO of Pan African Capital Group, has been granted the title of Knight Commander, Most Venerable Order of the Pioneer, by the President of Liberia, Ellen Johnson Sirleaf. Mr. Cashin was honored, in ceremony which took place on July 27th, for his invaluable services rendered to the Liberian people.
At Georgetown University's second annual Africa Business Conference, Steve Cashin joined a panel with Wale Ayeni of the IFC and Bobby Pittman of Kupanda Capital to discuss the future of Private Equity in Africa in the face of weake currencies, dropping commodity prices and slowing economies. Read more about the conference here.
In commemoration of all those who lost their lives during the Liberian Civil War, Pan African Capital, the Cashin family, and the Society of Jesuits supported the building of a bell tower at the Holy Family Church in Caldwell. The tower was commissioned on December 11, 2016 as a symbol of continued peace in Liberia.
The U.S Government's development finance institution, OPIC, today signed a commitment letter for a US$20 million direct loan to International Bank Liberia Limited (IBLL) to support lending in sectors such as construction, services, manufacturing, agribusiness, hospitality, and transportation. The landmark deal is the first of its kind in Liberia and seeks to foster jobs and opportunities by supporting investments in key economic areas and increasing long term lending to the Liberian Private Sector. Find the full report here.
Stephen Cashin, the founder and CEO of Pan African Capital Group, has today been named the Chairman of the Board for Africare, the development organization that has funded over $1 billion worth of projects across 36 countries across Africa since its founding in 1970. Africare is the oldest and largest African-American led organization in the development field, currently focusing on projects affecting agriculture and food security, health, water, women's empowerment, and other crucial areas of need. Find the press release on Mr. Cashin's appointment here, and for more on the work of Africare or to donate, please see their website here.