Ghana
SUBSIDIAIRY NAME | COUNTRY | SECTOR/INDUSTRY | OWNERSHIP % | ACQUISITION DATE | ACQUISITION VALUATION | TOTAL ASSET VALUATION |
---|---|---|---|---|---|---|
AFUM QUALITY LIMITED | GHANA | PORT | 51% IIB-DG | MAR 19,2021 | 330 MILLION USD | 3.3 BILLION USD |
TAIN WATER GHANA LIMITED | GHANA | INFRASTRUCTURE | 70% IIB-DG | APR 26, 2022 | 500 MILLION USD | 5 BILLION USD |
TRADEZONE INTERNATIONAL FOODS LIMITED | GHANA | AGRICULTURE | 70% IIB-DG | MAR 12, 2022 | 130 MILLION USD | 1.3 BILLION USD |
FRECOM | GHANA | TELECOMMUNICATION | 70% IIB-DG | MAY 13, 2022 | 30 BILLION USD | 300 BILLION USD |
ENERGY, OIL REFINERY, and GAS
TAIN WATER GHANA LIMITED: IIB acquired TAIN WATER GHANA LIMITED on April 26, 2022, to Construction of a Weir Dam on the Black Volta River at New Longoro, Bamboi, downstream of the Bui Hydro-Electric Power Dam in Ghana; Water sourced will be piped and transmitted to Sekondi-Takoradi through Bamboi-Wenchi –Sunyani-Kumasi-Cape Coast and Sekondi-Takoradi, about 600km route. Water Treatment Plants and boosters shall be provided along the transmitting Pipeline to treat water and sell it to Ghana Water Company for local distribution and also bottled for export. Part of the raw water will be used for irrigation and livestock farms sited on acquired lands along the Pipeline. The road will be constructed on the side of the Pipeline to protect and maintain the Pipeline. Gas Powered Electricity Generating Plant shall be constructed to service the system to avoid reliance on the National electricity grid.
FOOD
TRADE ZONE INTERNATIONAL FOODS LIMITED: Tradezone International Foods Limited (TIF) is desirous of setting up a vertically integrated commercial broiler raising and processing plant located on two (2) sites in the Akuapem area of the Eastern Region of Ghana. The plant will have a maximum capacity of 200,000 dressed broilers per week to help close up the identified deficit between national production and consumption. TIF recognizes importers of these processed, low-cost chicken products as its main competitors. TIF intends to compete against the importers of chicken by selling at competitive prices (considering the cost factors of production, overheads, contingencies, market trends, and demand) and emphasizing the freshness and tastiness of its products, and highlighting its superior customer service.