Bob ROCO Romeo

Keli Gadzekpo Mr. Keli Gadzekpo, Chief Executive Officer of Enterprise Group Limited has announced plans to explore new business opportunity in other West African countries. Toward this move, the company has secured US$50 million to undertake strategic initiatives, including an entry into the health insurance business and also complete its process to enter the Nigerian financial service market with life insurance products. “Our expansion into other West African countries will continue to be a top of the agenda item for 2019. With right issues successfully concluded and funds made available for expansion, we are confident that sooner than later, these objectives will be achieved,” Gadzekpo announced at the company’s Annual General Meeting last week. Business and financial performance Enterprise Insurance becomes the market leader with 14.6% share of the general insurance market. Enterprise Life maintain its leadership with 26.6% of the Life Insurance market and Enter...

Ghana Reinsurance Company Limited paid dividends to its sole shareholder, government of Ghana, to the tune of GH¢9 million for the 2018 financial year. The payment took place at its 16 th Annual General Meeting held in Accra, last week. Composite gross premium income for 2018 stood at GH¢205.66 million, up from GH¢193.01 million recorded in 2017. General business, premium income increased from GH¢181.70 recorded in 2017 to GH¢187.16m for the year under review. Premium income for life business also increased from GH¢11.31m in 2017 to GH¢18.50m for 2018. George Otoo, Board Chair Ghana Re, noted that the board was committed to ensuring sustainable growth and profitability to enable the reinsurer continue to support the country’s development. He added that the board will pursue its strategy of expansion of the company’s international operation in selected markets to position Ghana Re’s brand among the top ten African reinsurers. Accordingly, Ghana Re will seek to ...

Mr. Gustav Siale, Chief Executive Officer of Visal Re has indicated that the reinsurance broker believes in training and equipping its clientele as a means of providing excellent services to its insured and reinsured. “It is this belief of ours that informed the organisation of this maiden programme and we promise that counting on your support, this seminar will become a yearly invent,” he said.   Gustav Siale revealed this when he opened a two-day seminar on the topic, “Bonds and Guarantees” for market players in Accra last weekend, organized by the company as part of its one year anniversary. He said there has been a sharp increase in the demand of various types of bond of late and considering bitter experience in the industry regarding, Visal Re thought it prudent to organise such an event as to equip underwriters of insurance companies with the necessary skills to enable them do proper writing. “It is important to draw the attention of underwriters on the ...

Automobile dealer Silver Star Auto Ltd (SSAL) is organising a week-long free inspection of its flagship Mercedes-Benz for its customers and the general public at its branches across the country. The event, according to the company, aims at boosting after-sales service by ensuring the safe use of Mercedes-Benz vehicles.  A German expert from Mercedes-Benz-Daimler, Markus Fecht, is being hosted by SSAL to engage Mercedes-Benz users on free inspections and checking safety features of the vehicle, such as the braking systems, airbags, seat-belts, steering etc. Mr. Ahmed Farouk, General Manager - After-Sales of SSAL, informed that the service week is being organised in collaboration with Mercedes-Benz-Daimler, Germany, to examine Mercedes-Benz vehicles for customers to ensure they are safe to use. “This, we believe, will strengthen our relationship with customers by giving them free advice on their vehicles as well. “The German expert is here to provide on the job training...

The quest for a more advanced automation, safety and comfort has been the preference of most vehicle owners and clients looking forward to buy an automobile, which is often juxtaposed with cost. Stallion Motors Ghana Limited, seems to be providing a lasting solution to th is challenge of people looking for a one stop shop in automobile with the introduction of Changan brand of vehicles to the Ghanaian market. Launched onto the Ghanaian market at the head office of Stallion Motors on Monday, is Changan CS95, but also available on the market are Changan CS75, CS55, CS35 and CS15. The all new middle-large SUV, Changan CS95 has unique automatic features, slick exterior design and a 2.0 Turbo Intellectual Elite engine capacity.

Kasapreko Company Limited has donated one of its latest innovations, Smart Choice flavoured water, and other brands including Awake Purified Drinking Water, Storm Energy drink, Chocomalt, and Kiddy Pack drinks to the National Chief Imam, Sheikh Dr. Usamanu Nuhu Sharabutu, to mark this year’s Eid-UI-Fitr. Presenting the donation at the office of the National Chief Imam in Accra, Mr. Chris Addo-Sarkodie, Marketing Manager at Kasapreko, said the donation is in line with their social responsibility, and given the reverence and stature of the National Chief Imam the company felt it proper to undertake this exercise. He also maintained that they look forward to a stronger relationship with the Office of the Chief Imam in the ensuing years. National Chief Imam Sheik Dr. Osmanu Nuhu Sharubutu applauded Kasapreko Company Limited for the kind gesture, and used the opportunity to pray for the entire nation – appealing to Muslims to bridge the gap between rich and poor by way of...

Kasapreko Company Limited (KCL), leading indigenous beverage manufacturing entity in Ghana,  has been adjudged the Outstanding Alcoholic Beverage Company of the Year at the 2nd edition of West Africa Business Excellence Awards (WABEA). The awards event held in Accra over the weekend saw Kasapreko beat competition from other giants in the alcoholic beverage manufacturing category in the sub-region. The West Africa Business Excellence Awards (WABEA) provides a platform to recognise individuals and companies that play a significant role in the development of various sectors in the West Africa region to attract investors into West Africa. The Managing Director, Kasapreko Company Limited, Richard Adjei, commenting on the awards, expressed his gratitude to WABEA for recognising the great work that has been done over the years as a company to promote business growth and expand the economy. "We at Kasapreko, this award stands as another landmark and a testimony that ...