Ribbon Cutting: Bosch at The WestPark – Open for Business

During the official groundbreaking event for the WestPark, Bosch Power Tools, part of Robert Bosch Ghana, a leading global supplier of technology and services, cut the ribbon to the Bosch Power Box at the WestPark.

Bosch’s Power Tool division is committed to empowering its users, including electricians, carpenters, welders and plumbers, with locally relevant solutions. Bosch seeks to train thousands of artisans at the WestPark, contributing to the quality and efficiency of workmanship in Ghana’s booming construction industry through onsite training at construction sites, strong after-sales service with quick repairs throughout the country and Bosch’s unique solutions box – offering artisans the right tools and guidance for the job at hand.

The ribbon was formally cut by Nana Kwamina Wienu II, the Chief of Yabiw and Benjamin Ofori, the Director for Bosch Power Tools, West & Central Africa. The Hon. Minister of Trade & Industry, executives from Robert Bosch GmbH, including Dr. Markus Thill, President Region Africa, and members of the Yabiw community, witnessed the occasion alongside representatives from over 20 global companies.

Bosch and three other preeminent German companies, DHL, Grohe and Knauf, along with American company DTRT and Stanbic Bank Ghana, have joined BlackIvy in the Takoradi Industrial Partnership, a consortium of companies committed to collaborating and leveraging their strengths to help build West Africa’s next industrial hub in Takoradi.

The Takoradi Industrial Partnership is poised to accelerate the transformation of Takoradi, Ghana’s third-largest city, which has benefitted from recent multi-billion-dollar investments in gas, power, port and rail infrastructure.  With its diverse consortium of industrial companies committed to the West African market, the Partnership is creating jobs, introducing world-leading technology and adding value to Ghana’s indigenous resources.

Collectively, the Partnership seeks to invest to build a commercial cluster big enough to attract a local supply chain and foster value addition.

 

Press Release: Ground-breaking on New Industrial Park in Ghana – A Platform for Growth in West Africa

BlackIvy, an American company that builds and grows enterprises in East and West Africa, broke ground today on The WestPark, a 405-acre industrial business park in Takoradi, Ghana. The event, which featured remarks by Ghana’s Hon. Minister of Trade & Industry, Alan Kyerematen, was attended by representatives from over 20 international companies, including several Global Fortune 100 companies.

The WestPark offers companies the platform to produce goods in Ghana and do business more easily with West Africa’s growing markets.  Featuring a mix of industrial, commercial and residential zones, the WestPark eliminates many of the challenges – including access to reliable power, water and transport – that often confront companies in Sub-Saharan Africa. Ghana’s stability, strong economic outlook and excellent links to regional and global capitals make it a gateway to West Africa.

Ghana’s President, His Excellency Nana Addo Dankwa Akufo-Addo, said in a statement on the occasion of the ground-breaking:

“Building vibrant industrial clusters like the WestPark that attract global market leaders like Bosch, Knauf and Grohe and offer the operating environment for successful Ghanaian and international companies is what emerging economies in Africa need to thrive and diversify.

I expect the WestPark to accelerate the industrial transformation of Takoradi. This metropolitan area has already benefitted from large, multi-billion-dollar investments in gas, power, port and rail infrastructure.  It is home to Ghana’s main port for exports and the gateway to a region rich in agricultural and mining resources. And with the expansion of the port, the rehabilitation of the rail line and the increase in available natural gas, Takoradi now offers the infrastructure to process and add value to these and other indigenous assets.

We invite other investors to take advantage of this industrial platform and what Ghana has to offer as a gateway to West Africa.  My government and the citizens of this region look forward to championing and participating in this growth.”

Four of Germany’s preeminent companies, Bosch, DHL, Grohe and Knauf, along with American company DTRT and Stanbic Bank Ghana, have joined BlackIvy in the Takoradi Industrial Partnership (see backgrounder), a consortium of companies committed to collaborating and leveraging their strengths to help build West Africa’s next industrial hub in Takoradi.

Companies seeking to learn more about Ghana and the WestPark and connect can do so at westparkghana.com.

BlackIvy and Industry Leaders Visit with H.E. Nana Akufo-Addo, President of Ghana

Executives from BlackIvy, Knauf, Bosch and Sae-A visit with His Excellency Nana Akufo-Addo, President of Ghana, before his departure to the EU-Africa Heads of State Summit in Abidjan to discuss the progress on the WestPark industrial & business park and other strategic investments.

The President said in a statement that “building vibrant industrial clusters like the WestPark that attract global market leaders like Bosch, Knauf and Grohe and offer the operating environment for successful Ghanaian and international companies is what emerging economies in Africa need to thrive and diversify“.

 

Construction Underway at the WestPark

Early works construction is underway at the WestPark. A few days ago, members of BlackIvy’s leadership team had opportunity to visit with local community leaders to tour the progress at the site and outline next steps in the building of the 405-acre industrial and business park.

We are excited to be part of Takoradi’s growth and development. Takoradi’s ongoing transformation is expected to be bolstered further by the recent ruling in Ghana’s favor in in the maritime dispute with Côte d’Ivoire. Tullow Oil already announced to drill additional wells off the shore of Takoradi this year. The ruling means that the TEN fields, which hold an estimated 2 billion barrels of oil and 1.2 trillion cubic feet of natural gas, will remain with Ghana.

We continue to offer attractive packages to early-movers for the last remaining plots in the WestPark’s Launch Phase. Join leading Ghanaian and German companies and leverage the WestPark’s competitive operating environment for the expansion of your business. Email leasing@westparkghana.com or call +1 202 796 3836 to learn more and schedule a visit.

To learn more about our other activities in Ghana, see the launch of our residential real estate development in Accra here.

Be Part of Ghana’s Growth Story

Ghana is on track to be one of the world’s fastest growing economies over the next two years. Its stock market is already the best performing globally, having gained 32% by July this year according to Bloomberg. At the WestPark, we broke ground this month to deliver a platform for companies to grow and expand their reach to be part of this emerging market.

The WestPark has committed 75% of its available commercial and industrial space in the first phase. Now that road and other early construction works have started, we are offering attractive packages to early-movers for the last remaining plots. Join leading Ghanaian and German companies in benefiting from the WestPark’s competitive operating environment. Email leasing@westparkghana.com or call +1 202 796 3836 to learn more and schedule a visit.

Press Release: New Industrial Park in Ghana to Create Platform for Growth in West Africa

BlackIvy announced the development of a 405-acre industrial business park – The WestPark – in Ghana at the G20 Africa Partnership Conference in Berlin. BlackIvy was joined by its tenants and strategic partners, including Germany’s Robert Bosch GmbH and Kärcher GmbH & Co. KG, America’s sports apparel manufacturer DTRT Apparel Ltd. and Ghana’s Quantum Group. Ghana’s stability, strong economic outlook and excellent links to regional and global capitals make it an ideal gateway to West Africa.

The WestPark is breaking new ground for companies to produce goods locally and do business more easily with West Africa’s growing markets. The new enclave, featuring a mix of industrial, commercial and residential zones, eliminates many of the challenges – including access to reliable power, water and transport – that often confront companies in Sub-Saharan Africa, so tenants can focus on creating jobs, increasing production and growing their revenues.

The development is poised to accelerate the transformation of Takoradi, Ghana’s third-largest city, which benefitted from recent multi-billion dollar investments in gas, power, port and rail infrastructure.  The WestPark’s first mover tenants reflect a diverse group of industrial companies committed to the West African market, creating good jobs, introducing world-leading technology and adding value to Ghana’s vast resources.

  • The Bosch Power tools entity in Ghana strives to train thousands of artisans at The WestPark, contributing to the quality and efficiency of Ghana’s booming construction industry. Bosch is committed to empowering its users, from electricians and carpenters to welders and plumbers, with locally relevant solutions. This means onsite training at construction sites, strong after sales service with quick repairs throughout the country and Bosch’s unique solutions box – offering artisans the right tools and guidance for the job at hand.
  • Kärcher is leveraging its planned location at The WestPark to support sales of its professional cleaning tools and solutions throughout West Africa, while working with cities and municipalities in Ghana to support the country’s efforts to clean and maintain streets and public spaces.
  • DTRT is expanding its sports apparel manufacturing to The WestPark, adding several thousand jobs to the 1,500 workers DTRT already employs in Ghana.
  • Quantum is investing in a 32,000-metric ton cocoa processing facility to add value to one of Ghana’s most valuable resources, producing cocoa liquor, butter and powder for export.
  • Stanbic Bank Ghana intends to establish a branch at The WestPark to offer the right financial solutions to ease the market entry for new investors and facilitate the growth of businesses in West Africa.

“It is encouraging to see private companies at the heart of Africa’s growth story. Germany’s G20 Presidency with its Compact With Africa initiative focuses on establishing the right frameworks to inspire more firms to invest in fast-growing markets such as Ghana”, said Dr Ludger Schuknecht, the German G20 Deputy.

BlackIvy is continuing its work to attract more companies to Ghana that are committed to the World Bank’s standards for strong social and environmental conduct as they grow their footprint in West Africa. Companies seeking to learn more about Ghana and the WestPark and connect with the team can do so at www.westparkghana.com.

About:

BlackIvy: Anchored in Ghana and Tanzania, BlackIvy is a company that builds and grows logistics and infrastructure solutions for emerging economies and businesses that serve the needs of the growing middle class. BlackIvy is backed by an investor group of successful financiers and entrepreneurs, with offices in Washington D.C., Accra and Dar es Salaam.

Bosch: The Robert Bosch Power Tools GmbH, a division of the Bosch Group, is one of the world’s leading providers for power tools, power tool accessories and measuring tools. In 2016, its roughly 20,000 associates generated sales of €4.5 billion, about 85 percent of which outside of Germany. With brands such as Bosch and Dremel, the division stands for customer focus and great engineering progress. The core success factors are innovative strength and pace of innovation. The division generated about one third of its sales in 2016 with products that have been on the market for less than two years. In 2017, Bosch Power Tools will again launch more than 100 new products onto the German market in its four business segments power tools, accessories, measuring tools and garden tools.

Kärcher: The family-owned company Kärcher is today the world’s leading provider of efficient, resource-conserving cleaning systems. Kärcher makes a difference through top performance, innovation and quality. With €2.33 billion, a plus of more than €100 million over 2015, the company has achieved the highest sales in its history in 2016. The number of employees also grew to 11,862 people in 65 countries worldwide, i.e. over 500 employees more than in the same period of the last year. Growth was supported by product innovation: Kärcher launched more than 100 new products last year.

DTRT Apparel: American DTRT Apparel, together with its Ghanaian joint venture partner Dignity industries, is a sports and sports-lifestyle OEM apparel manufacturer exporting to the United States. DignityDTRT currently employs close to 1,500 people in Accra and plans to expand operations based on customer demand to over 2,000 employees this year. DignityDTRT already ranks as one of Ghana’s largest private employers and provides leading, cost competitive apparel manufacturing services via a unique global supply chain platform spanning three continents. With a goal of becoming the leading sports apparel development and manufacturing company in Africa, DTRT is instituting and promoting a higher sustainability standard that sets an example for how to respectfully treat workers and support communities in an environmentally conscious manner. DTRT’s goal is to employ 5,000 people in Ghana by the end of 2019.

Quantum Group: The Quantum Group is a large Ghanaian-owned conglomerate with 2,500 employees with interests in petroleum trading, LPG processing, petrol stations and power plants and revenues in excess of US$170 million in 2016. As many successful and fast-growing Africa conglomerates have done, Quantum, through its subsidiary Gemstar Company Ltd., is diversifying and expanding into agricultural processing with its $30 million investment at WestPark.

Stanbic Bank Ghana: Stanbic Bank, one of Ghana’s leading banks, earned a well-deserved reputation as a customer oriented, business friendly and socially conscious bank. Stanbic is part of Standard Bank Group, the largest African banking group by assets offering a full range of banking and related financial services.