CBG secures landmark GH¢350m capital raise for Kasapreko PLC

 After 6 years of being in the mar­ket, Consolidated Bank Ghana Ltd. (CBG) has se­cured a landmark GH¢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.

Since its inception, CBG has disbursed over GH¢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.

A statement issued by the Bank in Accra on Friday disclosed that the success of the Kasapreko capital raise could be traced back to the strategic vision and dedi­cated efforts of CBG’s Corporate and Institutional Banking (CIB) division, particularly its SCM department.

Established as a specialised unit within CIB, the SCM team, the statement said conducted a thorough analysis that identified

the benefits of capital market fi­nancing for the leading indigenous beverage manufacturer, Kasapreko.

The statement further stated that, after conducting a detailed financial assessment, the SCM team proposed this alternative to traditional funding methods, recog­nising 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 GH¢600 million Note Programme, with the first series raising GH¢150 million,” the statement said.

It also noted that the second series, completed in Septem­ber 2024, secured an additional GH¢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 programme size provides Kasapreko with substantial financial flexibility for its operations and expansion plans, particularly within the African Continental Free Trade Area (Af­CFTA),” it explained.

CBG’s achievement in raising GH¢350 million for Kasapreko, the statement said, reinforced 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. CBG’s Corporate and Institutional Banking (CIB) division plays a central role in supporting local businesses, offer­ing customised financial solutions through its specialised Syndica­tions and Capital Markets (SCM) department,” it underlined.

The SCM department has spearheaded substantial transac­tions, including a GH¢1 billion syndication for the power sector, a USD29.6 million financing for Ghanaian-owned hotels, and the GH¢7.93 billion Cocobod exchange programme, solidify­ing CBG’s role as a key financial partner.

“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,” the statement stated.

 BY TIMES REPORTER