(Ecofin Agency) - The investment and consulting firm Kleeve & Tove acquired a 100% stake in Ghanaian asset manager NDK Capital Limited for an undisclosed amount.

According to Citi Business News, which reported the news following this operation, the top management of Kleeve & Tove has reorganized the management and the board of directors of the newly acquired company. Senyo Hosi (pictured) who heads Kleeve & Tove says his firm will focus on major companies and brands in Ghana and beyond.

“We are guided by prudence, service, and excellence in the pursuit of our goal to win with our current and future clients,” he commented. The management of the divested company did not discuss the motives for the sale let alone the details of the sale.

As a reminder, last October, the financial market regulator in Ghana called on fund managers and other market operators to strengthen their equity capital by December 31, 2021, at the latest.

Chamberline MOKO