Leasafric Ghana Limited was incorporated in March 1992 and commenced business in April 1994. The Bank of Ghana subsequently licensed it in August 1994 as a non-bank financial institution to carry out the business of finance leasing as its principal business. Leasafric has since then been running an Asset Finance business using the technique of finance leasing.
The company was founded by a Ghanaian entrepreneur who pulled together a team of investors comprising a venture fund, two local banks, an insurance company and three other individuals to provide the start-up equity. The founder, Mr. Seth K. Dei initially held 15% of the shares and was for eleven years the Chief Executive of the company before retiring in March 2005.
The shareholding of the company has evolved over the years. Ghana Venture Capital Fund Ben Gedeon Jersey , which initially held 20% of the shares came to term and sold out in August 2003. In December 2004, another investment fund Aureos West Africa Fund bought into the company to take a 51.28% stake, pushing the founding shareholders into minority position. Some shareholders exercised their share warrants in September, 2006 which brought the Aureos holding to 48.06.
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Hertz Corporation Dalvin Cook Jersey , the world’s #1 Car Rental Company expanded its operations into Ghana through a franchise with LEASAFRIC GHANA LTD. Pioneered in 1918, Hertz is currently represented in over 176 countries, operating a fleet of over 550,000 vehicles from 6 Daniel Carlson Jersey ,300 locations. Its decision to expand into Ghana re-affirms its avowed intent to operate globally in all major markets. We also maintain an International relationship with other Hertz locations worldwide and have across the border relationship with neighboring countries. Our team provides excellent service to our clients comparable to what you will receive from a Hertz brand anywhere in the world.