Nexans Kabelmetal Gh Ltd, a cable and cabling solutions producer in the country, and its partner, National Investment Bank (NIB) PLC, have reaffirmed their commitment to driving sustainable industrial growth and infrastructure.

They said the recent commissioning of a solar plant at Nexans Kablemetal factory in Tema was a pioneering step to their commitment to net-zero emission by 2050.

The relationship between the two institutions, which has lasted for over five decades, was built on shared values of excellence, innovation and national development as a testament to the power of collaboration between industry and finance.

Equity stake

NIB acquired a 25 per cent equity stake in the company from its inception in 1968. In 2016, NIB PLC increased its stake to 29 per cent, becoming the second largest shareholder after the Nexans Group.

In a statement, the bank said that demonstrated unwavering commitment to local industry.

“This longstanding partnership has not only contributed to the sustainability of Nexans Kabelmetal’s operations but also positioned NIB PLC as a key enabler of Ghana’s industrial transformation”.

“With Ghana’s increasing demand for quality locally manufactured electrical cables, the partnership with NIB PLC has enabled Nexans Kabelmetal to invest in modern production technologies, enhance capacity, and maintain high-quality standards,”?the statement said.

The solar power system was a significant step in the cable manufacturer’s commitment to renewable energy and sustainability.

It aligned with Ghana’s broader energy agenda of promoting cleaner, more efficient power sources while enhancing industrial productivity.

The statement said as the country advanced its industrialisation drive under key national policies and initiatives, the continued collaboration between Nexans Kabelmetal Ghana Ltd and NIB PLC stood as a model of how financial and manufacturing sectors could work together to build resilient, self-sufficient economies.

“Together, Nexans Kabelmetal Ghana Ltd and NIB PLC are not only powering our operations but are lighting up communities, energising industries, and laying the foundation for a more sustainable future,” the statement added.

Commendation

Speaking at the inauguration of the solar plant, the Minister of Energy and Green Transition, John Abdulai Jinapor, commended NIB for its consistent and strategic investment in Nexans Kabelmetal.

He described the relationship as a shining example of how public-private collaboration could strengthen local manufacturing and drive innovation in energy and infrastructure.

The event brought together government officials, private sector stakeholders, and industry leaders, all celebrating a milestone that reflects the power of vision, partnership, and responsible investment.