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Stephen D. Cashin, Chief Executive Officer of Pan African Capital Group speaks with CNN during the Corporate Council on Africa’s US-Africa Business Summit. Please click here to see the interview.
In light of recent developments in the Nigerian banking sector, PACG presents an update to its The Financial Outlook for Nigeria published in December, 2008. Is the Nigerian Financial Sector Set to Reform? provides an overview of the recent push for reforms in Nigeria's banking sector and what these reforms can do for the country's political and economic outlook.
The Corporate Council on Africa's US-Africa Business Summit
for 2009 will take place on Tuesday, September 29th to Thursday, October 1st in Washington, DC. This biennial event is the 7th US-Africa Business Summit and will host numerous Heads of State, African Ministers, US policy makers, corporate executives, and leading financiers. To register for this summit, please click below.
Liberia's commercial debt payment was finalized on April 16, 2009. Negotiations with the holders of the Republic of Liberia's $1.2 billion in commercial debt were successfully concluded, resulting in a payment of $38 million, or 3 cents on the dollar for nearly all of the outstanding commercial loans. For the full story please click here for the PACG Outlook Note, which summarizes the current and future debt payments and explores the implications of this event for Liberia and how the country can build upon this momentum.
Databank Financial Services has released its Quarterly Report on the African markets. Please find the report here. If you have any questions or investment inquiries please feel free to contact us here at Pan African Capital Group.
PACG presents its viewpoints on recent events and future possibilities in key West African markets. Liberia - 2009 and Beyond is a brief outlook note on what 2009 holds for Liberia as it moves into yet another year of rapid redevelopment. While The Financial Outlook for Nigeria research note describes the current Nigerian financial situation and explains the key reasons the country's financial sector is in its current plight. Please contact us if you would like to know more about these notes or other African business issues.
CEO of PACG Delivers Speech to Corporate Council on Africa Forum
Stephen D. Cashin, CEO of Pan African Capital Group spoke at the CCA Africa Breakfast Forum, "The Global Financial Crisis and it's Implications for Africa" on December 4, 2008. The speech provides PACG's forecast for Africa and highlights some of the factors that we believe will help the continent weather the global financial downturn. PACG has produced a research report to accompany Mr. Cashin's speech, PACG Research - The Global Financial Crisis and Africa - December 4, 2008
PACG Partner Provides Op-Ed on Ghanaian Elections
Ken Ofori-Atta, Executive Chairman of the Databank Group has written a guest column for the Pan African news source, AllAfrica.com. Mr. Ofori-Atta emphasizes the need for continuing the political, economic, and social developments achieved under the current New Patriotic Party by supporting his Presidential candidate, Nana Akufo-Addo. The article can be read here.
International Bank Board Member Featured in the "The Economist"
Alexander Cummings, the President and COO of Coca-Cola Africa, and Board Member of the International Bank (Liberia) Limited, was quoted in the magazine in relation to the bell-weather nature of Coca-Cola's business activities in Africa. International Bank is the premier commercial bank in Liberia, a position it is working to maintain through the direction and leadership of eminent business persons, of which Mr. Cummings is a successful example. The article can be seen here.
The Liberia Review
"A New Day," the Liberian Financial Sector and Investment Review for June 2008 was released by International Bank (Liberia) Limited. The Review provides donors, foundations, multi-lateral organizations, and private investors valuable insights into the current economic, social, and political climate, while looking towards the future of the Liberian financial sector and investment possibilities of today and tomorrow. Click here to read the Review.
Databank Highlighted in the Washington Post
Ken Ofori-Atta and Keli Gadzekpo, co-founders of Databank were featured in this Washington Post article from Sunday July 6, 2008, highlighting the positive investment climate in Africa. This follows upon their featured participation in the documentary "African Investment Horizons," which premiered at the NYSE in April of this year. We are especially proud to see our business partners recognized as leaders of the African investment community.
Internet Banking Launch in Liberia
International Bank (Liberia) Limited has launched its internet banking website to much fanfare in the Liberian marketplace. To read the full story, click here.
PACG and Partners Invest in Liberian Financial Sector
A group of American (Pan African Capital Group, LLC), Ghanaian (Databank Group), and Gambian (Trust Bank Ltd), investors have moved into the Liberian financial sector with the purchase of International Bank (Liberia) Limited. Read the announcement here.
Databank Group Achievements Recognized
Databank has been the recipient of multiple awards recently. Databank Financial Services has been named the 'Most Respected Company' in Ghana, and Ken Ofori-Atta was honored as the '2nd Most Respected CEO' for 2007 by the Business and Financial Times and PriceWaterhouseCooper (Ghana). A link to the press release is here. Also in 2007, Databank Group Research won the prestigious Africa Investor Award for providing the market with premium research and insight into the African markets.
Databank Group Research Inflation Update for Ghana, February 17, 2009
Databank Group Research Africa Markets, February 16, 2009
The Economist Magazine Looks to the Ghanaian Presidential Elections
"Evaluating Africa's Equity Markets," November 28, 2008; Databank Group Research
Databank Weekly-The Gambia Financial Review, July 4 2008
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