Home Global MIIF to list 49% of Agyapa Royalties on London and Ghana bourses

MIIF to list 49% of Agyapa Royalties on London and Ghana bourses

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MIIF to list 49% of Agyapa Royalties on London and Ghana bourses

The Minerals Income Investment Fund has plans to list 49% Agyapa Royalties both on the London Stock Exchange (London) and on the Ghana Stock Exchange.

According to Edward Nana Yaw Koranteng (CEO of MIIF), the listing will generate between $450 millions and $700million, which will go towards infrastructure investment, particularly in mining communities. He stated that Agyapa will be listed in London Stock Exchange and incorporated in UK. This will allow it to access cheaper financing and to invest with [fewer], obstacles in additional royalties companies around the world.

“This is an opportunity for Ghana to take the lead and the world is watching.”

He elaborated: “I am confident that, in view of current geopolitics, current global economic recessionary trends and demand for gold and equities of gold royalty companies, Agyapa’s market value upon listing will surely shoot up.”

By listing on the London Stock Exchange, he stated that that will help Agyapa Royalties achieve the highest levels of transparency and controls required for any listing in the world.

” Listing on Ghana Stock Exchange will allow more Ghanaians to own our mineral wealth,” he said.

“Any revenues realised by Agyapa’s listing go directly to the Minerals Income Investment Fund. Koranteng stated that he is ready to talk to all parties about how to move Agyapa’s listing forward, after having addressed all concerns raised by Parliament.

Although the MIIF boss didn’t give any timeline details, it seems that Agyapa will list on the London Stock Exchange in the fourth quarter 2022..

He spoke to Forbes Monaco following the French-based publication’s award for MIIF as the most reputable financial institution in the sector of mining.

Forbes recognized MIIF’s strategic purchase of more 14million shares and an approximately 4. 65% is a stake in Asante Gold Corporation. This Canadian and Frankfurt-listed, gold-producing company operates in Ghana.

The Forbes Monaco Award is presented to financial institutions that are focused on financing and financial solutions for the mining industry.

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