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Press Releases from ADC African Development Corporation (3 total)

ADC accelerates execution of its strategy to build a leading pan-African Banking

ADC accelerates execution of its strategy to build a leading pan-African Banking Group within the next 3-5 years - Investment focus shifting from minorities to majorities - Management strengthened • ADC accelerates execution of its strategy to build a leading pan-African Banking Group within the next 3-5 years • Investment focus shifting from minorities to majorities • Management strengthened: Jyrki Koskelo, former IFC Vice President Global and George Manyere,

ADC African Development Corporation announces capital increase from authorized c …

ADC African Development Corporation GmbH & Co. KGaA, a rapidly growing financial services group focusing on the frontier markets of sub-Saharan Africa, announces an increase in its share capital. With the approval of the Supervisory Board, the management of the General Partner has today decided to nominally increase the share capital of currently EUR 7,646,150.00 through a partial utilization of the existing authorized capital up to EUR 8,410,764.00 by issuing up

ADC publishes stable results for the quarter and Q3 Report

++ Net profit of EUR ++ 2.9 million in Q3 ++ First dividend payments by bank in Equatorial Guinea in its history ++ Investment in BancABC main contributor to quarterly profits • ADC publishes stable results for the quarter and Q3 Report • Net profit of EUR 2.9 million in Q3 • First dividend payments by bank in Equatorial Guinea in its history Investment in BancABC main contributor to quarterly profits Frankfurt am Main, 18 November