Skip to main content

CBG secures historic GHS350M capital raise for Kasapreko PLC

 


After 6 years of being in the market, Consolidated Bank Ghana Ltd. (CBG) has proven to be the SME bank of choice, exemplified by its landmark GHS 350 million capital raise for Kasapreko Company PLC. This achievement underscores the bank’s mission to empower local enterprises and drive economic resilience in Ghana.

Indeed, since its inception, CBG has disbursed over GHS 1.6 billion in loans to more than 5,600 businesses across sectors such as energy, tourism, and agriculture, reflecting its dedication to providing meaningful financial solutions to Ghanaian enterprises.

CBG’s Corporate and Institutional Banking (CIB) division plays a central role in supporting local businesses, offering customized financial solutions through its specialized Syndications and Capital Markets (SCM) department. The SCM department has spearheaded substantial transactions, including a GHS 1 billion syndication for the power sector, a USD 29.6 million financing for Ghanaian-owned hotels, and the GHS 7.93 billion Cocobod exchange program, solidifying CBG’s role as a key financial partner.

The success of the Kasapreko capital raise can be traced back to the strategic vision and dedicated efforts of CBG’s CIB division, particularly its SCM department. Established as a specialized unit within CIB, the SCM team conducted a thorough analysis that identified the benefits of capital market financing for the leading indigenous beverage manufacturer, Kasapreko. After conducting a detailed financial assessment, the SCM team proposed this alternative to traditional funding methods, recognizing the potential to secure more affordable and patient capital for Kasapreko’s operations.

Kasapreko, a longtime client of CBG, responded positively to the SCM team’s proposal. As a Co-Lead Arranger for the transactions, CBG’s SCM department played a pivotal role in the successful execution of the deal. The financing programme, which commenced in February 2024, was structured as a GHS 600 million Note Programme, with the first series raising GHS 150 million. The second series, completed in September 2024, secured an additional GHS 200 million, also oversubscribed.

This landmark transaction not only set a new benchmark for capital raising in Ghana but also demonstrated the growing sophistication of the country’s capital market in supporting indigenous businesses. The total program size provides Kasapreko with substantial financial flexibility for its operations and expansion plans, particularly within the African Continental Free Trade Area (AfCFTA).

CBG’s achievement in raising GHS 350 million for Kasapreko reinforces its leadership in structuring innovative financial solutions for local companies. This success story is a testament to the Bank’s unwavering commitment to empowering Ghanaian enterprises and driving economic development across the country.

Looking ahead, CBG’s CIB division remains focused on exemplifying the Bank as a financially resilient Ghanaian institution driven by a vision to support the growth and resilience of local businesses. This accomplishment solidifies CBG’s position as a trusted partner for Ghanaian enterprises seeking transformative financial solutions.

Comments

Popular posts from this blog

Nestlé Ghana Limited Wins Overall Best Industrial Company Of The Year at 13th AGI Industry & Quality Awards

  Nestlé Ghana Limited has been honored with four prestigious awards at the 13th Association of Ghana Industry and Quality Awards ceremony. The event, held in an esteemed setting, gathered prominent figures from Ghana’s industrial sector. Amidst the anticipation, Nestlé Ghana emerged as one of the evening’s notable winners, securing accolades in several key categories. This recognition underscores Nestlé Ghana’s relentless pursuit of excellence and innovation, marking a significant milestone that highlights the company’s substantial contributions to the manufacturing industry in Ghana. Nestlé Ghana's exceptional performance was acknowledged with the following awards: Overall Best National Quality Award, Diamond Category (Food) Overall Best Practices in Sustainable Manufacturing Best Company (Food Sector) Overall Industrial Company of the Year, affirming its status as a leader not only within the food sector but also across Ghana's entire industrial landscape. This success is a ...

Anglogold Ashanti Obuasi Mine tops 2024 Sustainability & Social Investment Awards

 AngloGold Ashanti Obuasi Mine has confirmed its status as sustainability champions by sweeping nine awards, the most won by a company at the 2024 Sustainability & Social Investment Awards (SSI) held at Movenpick Ambassador Hotel in Accra. The feat comes on the heels of a dominant performance in last year's event where AngloGold Ashanti Obuasi Mine swept seven awards. The SSI Awards organised by Ianmatsun Global Services recognizes the most outstanding sustainability, Corporate Social Responsibility (CSR), Environmental, social, and governance (ESG) initiatives in the country and beyond as well as the best teams and individuals who brought them to life. This year's event, which was the 8th edition, was under the theme "Climate Action Now: Accelerating Decarbonization and Building Resilience". The awards won by AngloGold Ashanti on the night include SSI Company of the Year, Best Company in Women Empowerment (project), SSI Company of the Year ( Environment), Best Co...

Zoomlion Advocates Community & Gender inclusive waste management for Climate Action at COP 29

 Africa's waste management giant, Zoomlion Ghana Limited has advocated for an integrated approach to waste management that considers the interest of community members, women and vulnerable groups. James Deku, a Communications Officer of Zoomlion Ghana Limited made this call at the 29th session of the Conference Of Parties (COP 29) of the United Nations Framework Convention for Climate Change (UNFCCC) at Azerbaijan, Baku whiles speaking on the topic "Community-Driven and Gender Inclusive approaches to waste management for Climate Action ". He said the waste sector is a major contributor of methane emissions which is a potent greenhouse gas causing climate change hence the need to manage waste in a manner that considers the interest of all stakeholders. Zoomlion's waste management model is designed and operated in a manner that considers the interest of all stakeholders. Through a Public Private Partnership (PPP) model, local authorities engage community members in clea...