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    Gold-for-oil: Govt spent $40m on first consignment – NPA

    Encourage China to support Ghana’s debt restructuring – Akufo-Addo to Germany

    Government to securitize $3.3bn in Central Bank loans

    Ghana withdraws $672m back-tax demand from MTN Group

    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    Deadline for debt exchange program moved to February 7 with new terms

    Government finally makes progress on Debt Exchange Program

    Policy Rate increased by 100 basis points; now at 28%

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    Gold-for-oil: Govt spent $40m on first consignment – NPA

    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

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    Ghana withdraws $672m back-tax demand from MTN Group

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

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    Telcos ready to begin deactivating unregistered SIMs – Chamber of Telecommunications

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

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NIMED Capital Limited launches IPO for NIMED Lifetime Unit Trust

March 3, 2021
in Banking And Finance, Business
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NIMED Capital Limited, a fund management company licensed by the Securities and Exchange Commission (SEC) and the National Pensions Regulatory Authority, NPRA, with specialty in investment banking and fund management, has announced the launch of its new unit trust – The NIMED Lifetime Unit Trust.

The Scheme, which was launched on 3rd March, 2021, will focus on investing in the fixed income market.

On a regional level, 100% of the fund will be invested in securities within Ghana.

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The NIMED Lifetime Unit Trust is an open-ended fund with the aim of investing in investment grade fixed income securities that will provide investors with capital preservation, income and growth in the medium to long-term.

This will enable investors to meet their objectives of retirement, education, buying a home and many more.

“The offer proposes to raise an initial subscription between March 3rd, 2021 and March 23rd, 2021. It also has a minimum subscription of GHS 300 and thereafter in multiples of GHS 50 for investors. As we expect to roll out our first unit trust over the next few weeks, we are targeting an AUM of GHS 10million to GHS 20million in the first 2 years as we advise clients to take hold of their future by investing in the fund. Our focus will be on the fixed income market to generate good returns for the fund,” said Abena Brigidi, the CEO of NIMED Capital Limited.

Abena Brigidi has worked on putting NIMED Lifetime Unit Trust as a good investment vehicle for both retail and institutional clients. This move will deepen the competition in Ghana’s mutual fund industry.

Addressing stakeholders, the Portfolio Manager of the company, Peggy Adoma Denkyi, said the fund is intended to fulfil future goals and thus individuals and organizations who invest in it will be assured of a sustainable source of income for long-term projects.

She entreated the public to have confidence in the financial sector, adding that NIMED Capital has a credible track record, having gone through the recent financial sector cleanup which led to the collapse of 53 similar institutions.

NIMED Capital Limited currently has multiple business lines in the investment banking sector.

It engages in the management of pension funds, institutional funds, private wealth and mutual funds.

It also has a corporate finance department that advises clients on raising funds. Though 2020 was a challenging year, this year has seen some degree of recovery from the negative effects of the pandemic.

Tags: NIMED Capital LimitedNIMED Lifetime Unit Trust
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