Accra, Ghana
HFC Bank (Home Financing Corporation Bank)
Before HFC Bank began writing home financing loans, Ghanaians typically saved their entire lives to purchase a home. HFC Bank changed that. Writing Ghana's first mortgages served as the "big bang" that created a housing industry boom. Fifteen years ago when HFC Bank first opened its doors, the Developers Association of Ghana had 26 members. Today they have 400. With housing loans assured, the market grew for builders, architects, home furnishing stores, and more.
For more information on Ghana's economic potential, visit www.ghana-embassy.org
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Rumblings Outside The Box: Interest In Africa's Security Markets Heat Up
By Rosalind McClymont
I have heard many reasons why Americans should be wary of investing in Africa's stock markets, even though the continent's dozen or so exchanges have outperformed their North American and European counterparts for years. Some of the reasons come from very bright, industry-acclaimed individuals to whose knowledge of U.S. markets I normally defer.
For more information on "Africa: Open For Business" and the DVD, visit www.africaopenforbusiness.com
08: Image & Investment: South Africa Speaks
04: IFC Doing Business Report 2007