ISFIN teams up with AB & David in Ghana - a leading pan African law firm
Ghana poised for strategic investments & partnerships to support new vision.
ISFIN has teamed up with AB & David Africa, a pan Africa law firm which has offices in Ghana, Zambia, Botswana, Zimbabwe and affiliates in Liberia in Rwanda, Sierra Leone and Burundi as well as a network of best friend firms that enable us assist clients and friends in 24 African countries.
AB & David is recognised for its “commercial perspective” and also is the only firm in Africa to secure Lexcel certification, (a recognised international accreditation for law firms and departments, who meet the highest management and customer care standards) from the Law Society of England and Wales'
AB & David was recently privileged to have advised on the refinancing of a $750m oil and gas plant in Ghana and deal won 2016 IFN Africa Deal of the Year.
Prof. Laurent Marliere, CEO of ISFIN, says, “Africa and particularly Ghana is an attractive country for investors due to its stability and natural resources. The vision of the new government is to create a business friendly environment, accelerate industrialisation, modernise agriculture, improve infrastructure and enhance human capital. This new vision provides opportunities for private sector investment and partnerships particularly from the Middle East, Singapore and Malaysia.
“Ghana Muslim population is projected to reach 5.3 million by 2020. A recent survey suggests that considerable number of Ghanaian Muslims would prefer to invest in non-interest bearing instruments or products or donate the interest from interest-bearing accounts to charity. There is therefore an opportunity for Islamic financial institutions to attract funds.
“We believe various opportunities exist in Ghana, not only in Islamic finance but in other halal sectors also. ” Adds Marlière.
As the country is trying to close its infrastructural funding gap, Ghana will follow the lead of Malaysia or Indonesia and use Islamic financial products such as Sukuk (long term bond) to fund infrastructure and other sectors. Specifically, Ghana could attract the Middle East’s high investible surplus through Islamic banking and finance.
For partners, David Ofosu-Dorte and Isabel Boaten, “our focus is simple: to ensure businesses and projects succeed in Africa by helping them minimize the risks associated with doing business in Africa. Our extensive experience gained from working with several businesses, public sector agencies, finance houses, multinational lenders, international organisations and individuals is an excellent resource that helps you do business in the complex Africa environment. Our ability to reduce the bureaucracy and minimize your project and investment risk is priceless value we give to our clients“.
ISFIN is the world’s leading advisory for professional firms specializing in Islamic Finance, investments from and to the Muslim world and the Halal industry. The Group covers more than 75 jurisdictions around the world.
ISFIN is composed of the most innovative and highly regarded independent law firms, audit & accounting firms.