DGAP-News: ADC African Development Corporation GmbH & Co. KGaA / Key
word(s): Miscellaneous
ADC publishes March edition of the monthly shareholder letter / Launch
of additional activity: Advisory Services / Banking transaction in
Nigeria expected to close by end of the month / Number of
ATM-transactions at RSwitch grew by 480% last year
20.03.2012 / 18:33
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Frankfurt am Main, 20 March 2012 - ADC African Development Corporation
(ADC), ISIN DE000A1E8NW9, a fast growing financial services group focusing
on the frontier markets in sub-Saharan Africa, is pleased to announce the
publication of its monthly shareholder letter on ADC's website under the
following link:
http://www.african-development.com/files/20120320_adc_sl_march_eng.pdf
Key take-aways
- Banking boom is gaining a foothold in sub-Saharan Africa
- Launch of additional revenue-generating activity: Advisory Services
- Banking transaction in Nigeria expected to close by end of the month
- ADC planning to support BancABC capital increase
- Number of ATM-transactions at RSwitch grew by 480% last year
About ADC
ADC African Development Corporation, ISIN DE000A1E8NW9 (ticker symbol:
AZC.GR), a member of the Angermayer, Brumm & Lange Group, was established
in September 2007 and quickly positioned itself as one of the leading
investors for banks and insurance companies in the above-average growth
markets of sub-Saharan Africa. The company's success is primarily due to
its local management team, which follows international best practice
principles to further develop banks and implements conventional
international processes to in-crease their profitability. As the second
international emerging market investor in the world, ADC was integrated
into the insurance solution offered by the Multilateral Investment
Guarantee Agency ('MIGA'), a member of the World Bank Group, primarily due
to its strong operational approach and adherence to the highest ethical
standards. This insurance offers protection against a variety of political
risks, in particular the risk of radical political change.
Contact:
Investor Relations
investor-relations@african-development.com
T +49 69 719 12 80 119
End of Corporate News
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20.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: ADC African Development Corporation GmbH & Co. KGaA
Grüneburgweg 18
60322 Frankfurt/Main
Germany
Phone: +49 69 719 12 80 00
Fax: +49 69 719 12 80 011
E-mail: info@african-development.com
Internet: www.african-development.com
ISIN: DE000A1E8NW9
WKN: A1E8NW
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf
End of News DGAP News-Service
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161471 20.03.2012
DGAP-News: ADC publishes March edition of the monthly shareholder letter / Launch of additional activity: Advisory Services / Banking transaction in Nigeria expected to close by end of the month / Number of ATM-transactions at RSwitch grew by 480% last year
| Source: EQS Group AG