Major boost for indigenous industrial manufacturing in Ghana with huge equity acquisition

Investor confidence in Ghana’s indigenous industrial manufacturing capacity has received a significant boost following a major equity acquisition on the local stock market. Zagadat Capital GH. Ltd has successfully secured a substantial 17.31 percent stake in Intravenous Infusions PLC, a leading local pharmaceutical manufacturer listed under the ticker symbol IIL on the Ghana Alternative Exchange (GAX).

The transaction was formally made public through a substantial shareholding notification issued on Monday May 18, 2026. The regulatory disclosure revealed that Zagadat Capital, an investment firm which has celebrated Nigerian musician and corporate entrepreneur Oluwatosin “Mr Eazi” Ajibade serving as its Chief Investment Officer, acquired a total of 47,514,775 shares.