Afrinvest (West Africa) Limited, one of Nigeria’s leading wealth advisory firms, has entered into a partnership agreement with Serengeti Capital Limited of Ghana, aimed at expanding its business portfolio and strengthening its capacity to execute transactions within the West African investment market.
According to a statement released by Afrinvest, the company shall, under the new partnership, act as a Nigerian partner for Serengeti and be responsible for the origination, general coordination, management and implementation of any transactions for Serengeti in Nigeria, and vice versa.
The business relationship involves principal subsidiaries of Afrinvest (West Africa) Limited viz Afrinvest Asset Management Limited and Afrinvest Securities Limited, as well as key subsidiaries of Serengeti Capital viz Serengeti Asset Management and New World Securities, and covers all areas of mutual interest including Investment Banking, Asset Management, Brokerage and Investment Research.
Ike Chioke, managing director/CEO, Afrinvest, described the partnership as a positive development for both companies. In his words: “The partnership with Serengeti portends huge potential for clients and investors of both firms, and we will leverage on our combined experience and deep insight of the Nigerian and Ghanaian financial markets to our clients’ benefit.”
In the same vein, Francis Kalitsi, managing partner at Serengeti Capital Partners, said: “We, at Serengeti, are pleased to enter into a business relationship with Afrinvest and subsidiary firms. We are confident that with our rich experience and track record of excellence within our respective markets, the partnership will offer greater opportunities for our individual clients and investors.”
Serengeti Capital is an Africa-focused investment bank and asset manager, with offices in Accra and London. Its affiliates are licensed by the Securities and Exchange Commission of the Republic of Ghana and by the Financial Services Commission of the Republic of Mauritius.
Afrinvest (West Africa) Limited is a wealth advisory firm involved in investment banking, securities trading, asset management and investment research with a focus on West Africa.
The partnership between both companies is in line with the Nigerian Stock Exchange (NSE) and West African Capital Market Integration Association (WACMIC) objectives to harmonise and regulate investment banking and securities trading activities in the sub-continent.
Hope Moses-Ashike
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