Published: October 23, 2013
Private-equity firm takes majority stake in Ghana Home Loans.
The Abraaj Group, a private-equity firm, has bought a majority stake in Ghana Home Loans (GHL), a provider of residential mortgages in Ghana.
Abraaj has made several investments in Ghanaian companies since the mid-1990s. Earlier this year the firm bought Fan Milk International, a dairy retailer, in the largest private-equity investment in an African consumer-goods company outside of South Africa.