BEIGE Capital has participated in the Africa Markets Investment Forum 2014 in London. The event brought together high-profile institutions from Africa and was organised by Old Mutual Securities — a member of Old Mutual Group based in Kenya, in partnership with Ecobank Capital.
Being the only representative firm from Ghana, BEIGE Capital was led by its Chief Executive Officer (CEO) Mr. Mike Nyinaku.
Mr. Nyinaku during his presentation shared the growth story of BEIGE Capital and its current status as the leading Savings and Loans Company in Ghana. He mentioned that as part of its medium-term strategic direction, BEIGE Capital is willing to consider equity partnership with potential investors who are optimistic about the growth prospects in Ghana’s banking and finance industry.
Responding to a question about whether there were not too many banks already in Ghana, he said: “There are indeed a number of banks in Ghana, but most of them are foreign controlled and have their assets largely invested with multi-national and other government-related institutions”.
Thus, there exist opportunities for banks which are willing to concentrate their assets on local Small to Medium-scale Enterprises. In his opinion, these gaps can be filled by local Ghanaian banks, as they best understand the Ghanaian customer.
While answering questions relating to confidence in the Ghanaian economy, Mr. Nyinaku explained that the local currency has started gaining some stability against the US dollar.
He projected that the sharp fall experienced in the early part of this year is not likely to recur if government puts in immediate institutional measures to heighten confidence for incoming private investors and, most especiall, to boost the growth of already existing major firms. He added that “a policy mix of both monetary and fiscal policies, some of which are already in motion, would drive consumer and investor confidence and offer employment to the growing population”.
The purpose of theAfrica Markets Investment Forum — an invitation-only event, was to showcase some of the best listed and non-listed companies across sub-Saharan Africa. It was also meant to offer the investing community other options for creating value and maximising returns in Africa. Senior executives from companies in Kenya, Ghana, Uganda, Nigeria and the BRVM region were in attendance to share investment opportunities in their respective countries and companies.
Some prominent firms at the forum included Dangote Cement of Nigeria, Scan Group and Transcentury of Kenya, Umeme of Uganda, Nedbank of South Africa and a host of Private Equity and Investment Banking Firms.
Opportunities were created for prospective investee companies to make pitches for potential investments from Old Mutual and other invited investment firms.
Incorporated in Ghana, BEIGE Capital is a subsidiary of The BEIGE Group, a Boutique Investment firm with interests in Banking & Finance, Real Estate, Logistics, Tourism and Hospitality.
