Business News of Thursday, 27 July 2017
EEAR Private Equity (EEAR P.E), an emerging private equity firm has secured rights to manage a USD $500 billion funds for government developmental and infrastructure projects in Ghana and across the West African sub-region.
According to the privately owned Ghanaian firm, EEAR P.E has completed and signed all the needed agreements to represent African Communications Resources Ltd (ACR) and Genco Agro (GA), fund owners and administrators in West Africa.
ACR is an international privately owned organisation based in Mauritius whose core mandate is to develop various projects under Private and Public Partnership (PPP). It provides infrastructure development projects in power generation, housing and real estate, agriculture, oil and gas, and the mining industry.
In a statement released by EEAR P.E, the Group President of EEAR Holdings, Mr Richard Dugan said “We look forward to working with governments across the region particularly in Ghana to facilitate plans on development. This fund will in no doubt support infrastructure and developmental projects in West Africa and we are excited to be engineering this change.”
McOttley Capital, an investment bank in Ghana has been appointed by EEAR P.E as facilitators to assist with this project. McOttley Capital is Ghana’s fastest growing new investment bank which provides services in investment Banking, Asset Management, Professional Retirement and Pension Fund management.
Mr Iddrisu Mahama, managing partner of EEAR Private Equity said “with this agreement, EEAR Private Equity will originate, structure and execute sovereign funding and governmental projects that meet funding criteria on behalf of Africa Communication Resources (ACR).”
EEAR Private Equity is a limited liability company in Ghana set up to raise funds and capital for start-ups and existing businesses with viable intents for profitability. It is a subsidiary of the EEAR Holdings, the mother company for an impressive number of subsidiaries operating in non-banking ¬financial services, healthcare, insurance brokerage beverages and multimedia.