Investment Banking and Advisory services firm, PanAfrican Capital Ghana Limited, and a local subsidiary of the PanAfrican Capital Holdings Limited, (a Proprietary Investment Company in Nigeria) with special focus on key sectors across emerging and frontier markets within the continent), has officially launched in Accra.
The company brings to the Ghanaian Capital Market its huge wealth of expertise and knowledge in advisory and fund raising to cushion businesses and support growth aspirations in key economic areas including Power, Aviation, Telecommunications as well as Oil and Gas within the broader interest of pushing national development.
Managing Director of the company, Wencelav Safrega, in his remarks at the launch event, described PanAfrican Capital Ghana Limited’s presence on the local scene as a “significant milestone in the Ghanaian investment market sector”.
“We are positioned to deliver value in the entire financial services value chain in the country; we have the capacity to meet the working capital needs as well as infrastructural and project finance demands of our clients operating within our focal economic areas, leveraging our strong footing in these sectors in the other African countries that we operate,” he indicated.
He added: “With our core product offerings comprising fixed income assets management, facilitating mergers and acquisitions, private placements, corporate restructuring and fundraising arrangements etc., PanAfrican Capital Ghana Limited is positioned to play a significant role in growing the domestic capital market.
The Chairman of the Company’s Board of Directors, Millison Narh, told the B&FT that the firm’s presence on the local front will help push the quest for quality infrastructure and other critical economic needs to improve the livelihoods of the broad masses and ultimately reduce poverty.
He indicated that the company sees numerous opportunities in the local capital market which is largely underpinned by economic stability due to strong growth and fiscal prudence as well as vibrant external factors that has led to a stable forex regime.
According to the former Deputy Governor of the Bank of Ghana (BoG), PanAfrican Capital has strategic partnerships and alliance with multilateral funding firms to help meet the needs of its expanding clientele base in the country.
He said: “Limited fiscal space remains a constraint to the provision of relevant infrastructure to drive socio-economic growth and improved livelihoods for the broad masses which will ultimately reduce poverty. Such hindrances set the agenda for the private sector, including PanAfrican Capital to act.
Fixing infrastructure helps businesses to grow and improve private sector competitiveness. We are here to contribute to the development of the country, the sub-region and the continent as a whole.”
He added: “In the long-term, we anticipate to be the leading fundraising and financial advisor in the country, working collaboratively with other market actors in our quest to create value and offer exemplary financial services.”
A Director of the Company, Chris Oshiafi, highlighted the need for enhanced intra-regional trade as the panacea to the development of various economies within the sub-region and assured of the Company’s backing in that regard.
“Development for Africa can only come through enhanced intra-regional trade; the absence of which is the cause of the rampant currency crisis plaguing the continent.
We took the deliberate step to operate as an African entity to help address economic shakes in the regional economy; we see value being created and we hope to support true champions that can help to transform the continent by providing the needed financial backing,” he said.
He further indicated: “We have developed intense capacity that have been tried and tested in other markets that our firm operates and we hope to offer same in the country.”