VENTURE CAPITAL POST

Experts of African economy believe that the growing cocoa production will help the West African countries to recover from the flagging economic condition.

When it opened in 1963, Ghana's oil refinery symbolized pride and hope for the first African country to escape colonial rule. Now the plant stands idle in a sign of the economic shadow that has crept over one of the continent's brightest stars.

Oil firms operating on Ghana's disputed maritime border with Ivory Coast can continue working while an arbitration suit filed under a U.N. convention is resolved, Ghana's Attorney General Marrieta Brew Appiah-Oppong told a news conference on Tuesday.

Midrand, South Africa-based innovative business solutions integrator Business Connexion (BCX) is eyeing additional acquisitions in Ghana and investment opportunities in the Kenya and Nigeria to widen its presence in the said markets.

Nigeria-based mobile security startup i.Sec nabbed $10 million in a funding round from private equity group Synergy Capital to prepare for its public launch this May and for other undisclosed purposes.

Johannesburg, South Africa-based banking network Nedbank Capital is looking for new mining investment destinations in Africa, aside from gold explorations in Tanzania, Ghana, and Burkina Faso.

For the past 18 months, small and medium enterprises (SMEs) in Africa bagged $10 million in investment from London, UK-based non-profit business development organization African Private Equity & Venture Capital Association (AVCA).

Vancouver-based gold producer B2Gold Corp said it signed a definitive agreement with Canadian resource company Volta Resources Inc for the business combination of the two companies.

The partnership of Deere Co., DuPont Co., and the Howard G. Buffett Foundation would undergo its first project in Ghana's cocoa production region.

Ghana released information on seven-year bonds valued at around US$98 million.

Minister of Food and Agriculture of Ghana Clement Humaldo urged investors to help cut down the losses from harvesting.