• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, October 20, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Nigerian Brokerage Firm Launches in Ghana to Offer Foreign Direct Investment

M.Cby M.C
September 24, 2022
Reading Time: 3 mins read
M.Cby M.C
in Securities/Markets
0
Nigerian Brokerage Firm Launches in Ghana to Offer Foreign Direct Investment

Bamboo, an investment platform that unlocks global markets for Africans, has been launched in Ghana to enable Ghanaians access foreign stocks and invest in foreign companies in the local currency.

The expansion of Bamboo into Ghana makes it the first trans-national west-African brokerage app. The company has partnered with a licensed Ghanaian investment firm, 10th Capital Investments, to help more than 50,000 users on Bamboo Ghana’s waitlist to now be able to buy and invest in stocks from US companies like Apple Inc and Tesla.

According to the Richmond Bassey, Bamboo CEO and co-founder, Bamboo raised a $15 million series A round in January snd its CEO announced that Ghana’s market was the company’s next frontier. Nine months and another $17.4 million raised later, the Ghana plans have become a reality. He noted that it recently received a No Objection Letter from Ghana’s Securities and Exchange Commission (SEC) to operate in the country, enabling it to launch successfully.

RelatedPosts

GSE Ends September with a Bang — Composite Index Climbs Past 8,000 Points in Spectacular Market Comeback

Ghana Stock Exchange Ends Week Strong As GSE Financial Stocks Surge 2.9% in a Week

GSE Dips 12 Points as NewGold ETF, MTN Ghana, and Access Bank Drag Market Down

“We believe strongly that all Africans should earn a return on their investments and build intergenerational wealth. That’s why we created Bamboo. We wanted to create an easy and secure way for everyday Africans to invest in the US stock market, and eventually, in all types of asset classes.”

Richmond Bassey

Bamboo Commits to Work with SEC Ghana

Now in Ghana, Bamboo has committed to working with the country’s SEC on an ongoing basis to develop a standard regulatory framework for the retail investment industry Bamboo is pioneering.

Through Bamboo’s US digital investing partner, DriveWealth LLC, the Nigerian-born company assured users that all accounts can claim insurance of up to $500,000 via the US Securities Investor Protection Corporation (SIPC). With regulations and insurance in place, Bamboo is ready to make retail investment a norm in Ghana.

Albert Asiamah, 10th Capital Investments CEO, was effusive about the performance of Bamboo’s product in Nigeria, describing the investment as ideal and beneficial.

ADVERTISEMENT

“We’re thrilled to work with [the Bamboo team] to bring Ghanaians the opportunity to invest in the US and eventually the local stock market. Their impeccable track record in Nigeria, stellar product and educational tools make them an ideal collaborator.”

Albert Asiamah

John Shammas, Head of Technical Sales at DriveWealth, also indicated that together with Bamboo, they have been able to provide investors across Africa with affordable access to the US markets. “Today, we’re thrilled to extend that same access to the people of Ghana” .

“As we continue our international expansion, we look forward to empowering more customers with the tools they need to improve their financial wellbeing and engage with the markets.”

John Shammas

Since its 2019 launch, Bamboo and other retail investment apps providing access to foreign securities like Chaka, Trove and Rise have had to deal with harsh regulatory conditions in their home country Nigeria.

In April last year, Nigeria’s Securities and Exchange Commission (SEC) labelled this category of companies as illegal and warned operators in the capital market to desist from operating with them. This was followed by Nigeria’s central bank describing Bamboo as unlicensed and freezing its bank accounts for a while. Despite the struggles, Bamboo has maintained its resolve to work “very closely with regulators in Nigeria,” to ensure mutual satisfaction from both parties.

READ ALSO: GIFEC Calls on Ghanaians to Capitalize on Acquired Skills to Enhance their Businesses

Tags: 10th Capital InvestmentsApple IncBambooBrokerageNigeriaSECTesla
Please login to join discussion
Previous Post

National Association of Law Students Calls For Probe In Exam Leakage

Next Post

Fitch Downgrades Ghana further To ‘CC’

Subscription Form

Related Posts

GSE Ends September with a Bang — Composite Index Climbs Past 8,000 Points in Spectacular Market Comeback
Securities/Markets

GSE Ends September with a Bang — Composite Index Climbs Past 8,000 Points in Spectacular Market Comeback

October 20, 2025
Ghana Stock Exchange Ends Week Strong As GSE Financial Stocks Surge 2.9% in a Week
Securities/Markets

Ghana Stock Exchange Ends Week Strong As GSE Financial Stocks Surge 2.9% in a Week

October 18, 2025
GSE Dips 12 Points as NewGold ETF, MTN Ghana, and Access Bank Drag Market Down
Securities/Markets

GSE Dips 12 Points as NewGold ETF, MTN Ghana, and Access Bank Drag Market Down

October 17, 2025
Fan Milk, Guinness Lead GSE Rally as Market Cap Hits GHS167 Billion Milestone
Securities/Markets

Fan Milk, Guinness Lead GSE Rally as Market Cap Hits GHS167 Billion Milestone

October 16, 2025
GSE Benchmark Index Soars to 8,495 Points, Year-to-Date Gains Near 74%
Securities/Markets

GSE Benchmark Index Soars to 8,495 Points, Year-to-Date Gains Near 74%

October 15, 2025
Ghana Stock Exchange Ends Week Strong As GSE Financial Stocks Surge 2.9% in a Week
Securities/Markets

Ghana Bourse Records Explosive Growth in Trading Activity

October 14, 2025
Azumah Resources
Extractives/Energy

Azumah Resources Ghana Transitions to Full Ghanaian Ownership 

by Prince AgyapongOctober 20, 2025
Ghana Inches Closer to $380 Million IMF Disbursement as Board Review Looms in December
Economy

Ghana Inches Closer to $380 Million IMF Disbursement as Board Review Looms in December

by M.COctober 20, 2025
Ghana-China Zero-Tariff Deal: Ghana in a Weaker Position – Bokpin
Economy

Ghana-China Zero-Tariff Deal: Ghana in a Weaker Position – Bokpin

by Michael Teye-Bio NaduteyOctober 20, 2025
Russia Accuses Ukraine Of Postponing Prisoner Exchange
Europe

Zelenskyy Skeptical Of Budapest As Trump-Putin Meeting Venue

by Comfort AmpomaaOctober 20, 2025
Ursula Owusu-Ekuful Declares Bid to Lead NPP’s Renewal Drive as General Secretary
General News

Ursula Owusu-Ekuful Declares Bid to Lead NPP’s Renewal Drive as General Secretary

by Silas Kafui AssemOctober 20, 2025
UP’s Formation: a Timely Reminder for NPP to Reconnect with its Roots – Boakye-Danquah
General News

UP’s Formation: a Timely Reminder for NPP to Reconnect with its Roots – Boakye-Danquah

by Emmanuel Tibila BoasahOctober 20, 2025
Azumah Resources
Ghana Inches Closer to $380 Million IMF Disbursement as Board Review Looms in December
Ghana-China Zero-Tariff Deal: Ghana in a Weaker Position – Bokpin
Russia Accuses Ukraine Of Postponing Prisoner Exchange
Ursula Owusu-Ekuful Declares Bid to Lead NPP’s Renewal Drive as General Secretary
UP’s Formation: a Timely Reminder for NPP to Reconnect with its Roots – Boakye-Danquah

Recent News

Azumah Resources

Azumah Resources Ghana Transitions to Full Ghanaian Ownership 

October 20, 2025
Ghana Inches Closer to $380 Million IMF Disbursement as Board Review Looms in December

Ghana Inches Closer to $380 Million IMF Disbursement as Board Review Looms in December

October 20, 2025
Ghana-China Zero-Tariff Deal: Ghana in a Weaker Position – Bokpin

Ghana-China Zero-Tariff Deal: Ghana in a Weaker Position – Bokpin

October 20, 2025
Russia Accuses Ukraine Of Postponing Prisoner Exchange

Zelenskyy Skeptical Of Budapest As Trump-Putin Meeting Venue

October 20, 2025
Ursula Owusu-Ekuful Declares Bid to Lead NPP’s Renewal Drive as General Secretary

Ursula Owusu-Ekuful Declares Bid to Lead NPP’s Renewal Drive as General Secretary

October 20, 2025
UP’s Formation: a Timely Reminder for NPP to Reconnect with its Roots – Boakye-Danquah

UP’s Formation: a Timely Reminder for NPP to Reconnect with its Roots – Boakye-Danquah

October 20, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address