Afrinvest

Afrinvest (West Africa) Ltd. is an independent investment banking firm with a focus on West Africa and active in four principal areas: investment banking, securities trading, asset management, and investment research.

Afrinvest (West Africa) Ltd.
TypePrivate
IndustryFinancial services
Founded1994 (1994)
FounderGodwin Obaseki
Headquarters
Lagos, Nigeria
Area served
Sub-Saharan Africa
Key people
Dr. Fidelis Ndeh-Che
(Chairman)
Ike Chioke
(Group Managing Director)
ProductsSecurities Trading, Asset Management, Investment Banking, Investment Research
SubsidiariesAfrinvest Securities Limited, Afrinvest Asset Management Limited
Websitewww.afrinvest.com

Afrinvest is both a provider of research content on the Nigerian market and an adviser to companies across West Africa on M&A and international capital market transactions

Regulated by the Securities and Exchange Commission (“SEC”) as an Issuing House and Underwriter, Afrinvest provides financial advisory services as well as capital raising solutions to High Net-worth Individuals (“HNIs”), corporations, and governments

The Company is also licensed by the Nigerian SEC, through its subsidiary, Afrinvest Securities Limited (“ASL”), as a broker-dealer and authorized by the Nigerian Stock Exchange as a dealing member. ASL acts as a distribution channel for a variety of investment products and houses the Company’s research franchise.

Afrinvest Asset Management Limited (“AAML”) is licensed by the Nigerian SEC as a portfolio manager.

Afrinvest maintains established offices in Lagos, Abuja and Port-Harcourt

History

Afrinvest was founded in 1994 as Securities Transactions & Trust Company (Nigeria) Limited (“SecTrust”) which grew to become Nigeria’s leading integrated research, brokerage and asset management firm. Over the years, SecTrust established a close relationship with its London-based partners (“Afrinvest Limited”), an investment banking firm regulated by the United Kingdom Financial Services Authority (“FSA”). Following commencement of its business restructuring in 2005, SecTrust combined with the Nigeria-based corporate finance business of Afrinvest (UK) Limited.

This phase of business restructuring was concluded in December 2005 and culminated in the renaming of SecTrust as Afrinvest (West Africa) Limited. Afrinvest has emerged as a full-service investment banking firm, engaged in investment banking, investment research, securities trading and asset management. The Company has participated actively in a number of corporate finance transactions in Nigeria to date.

In 2012 the company restructured its businesses by establishing two wholly owned subsidiaries namely;

  • Afrinvest Securities Limited (ASL)
  • Afrinvest Asset Management Limited (AAML)

The company is registered as an Issuing House by the SEC while its other two subsidiaries, Afrinvest Securities Limited and Afrinvest Asset Management Limited, house the company’s broker-dealer and fund manager licenses respectively. "LIST OF CAPITAL MARKET OPERATORS (CMO)". Retrieved April 4, 2016.

  • The first ever listing of a dollar-denominated fixed income fund in Nigeria—The Nigeria International Debt Fund [1]
  • The first ever issue of global depository receipts by a Sub-Saharan Africa corporate – United Bank for Africa Plc (UBA) [2]
  • The first Eurobond issue by a Sub-Saharan Africa corporate outside South Africa – Guaranty Trust Bank Plc [2]
  • The first listing of an African bank’s global depositary receipts on the London Stock Exchange - Guaranty Trust Bank Plc [2]
  • Financial adviser and broker on the largest listing on the Nigerian Stock Exchange (2.095 trillion) – Dangote Cement Plc [2]
  • The first Nigerian asset manager to be rated A+ [3]

Subsidiaries

Afrinvest Asset Management Limited

Afrinvest Asset Management Limited (AAML) is licensed by the Nigerian SEC as a portfolio manager. AAML has a range of retail, mass affluent and HNI clients.

Afrinvest Securities Limited

Afrinvest Securities Limited (“ASL”) is the licensed broker dealer and subsidiary of Afrinvest (West Africa) Limited (“AWA”). ASL acts as a distribution channel for a variety of investment products and houses the company’s research franchise.

Corporate governance

Board of Directors
  • Donald Lawson – Ag. Chairman
  • Ike Chioke – Group Managing Director
  • Victor Ndukauba – Deputy Managing Director
  • Onoise Onaghinon – Executive Director
  • Dr. Abdulrahman Sambo – Non-Executive Director
  • Elkin Pianim – Non-Executive Director

As of May 31, 2017[4]

References
  1. Komolafe, Babajide (December 17, 2009). "Afrinvest restructures Nigeria International Debt Fund". Vanguard (Nigeria). Retrieved April 4, 2016.
  2. Nelson, Chijioke (September 16, 2015). "Afrinvest brokers over seven major deals in 20 years". The Guardian (Nigeria). Retrieved April 4, 2016.
  3. Osundolire, Tonia (July 29, 2008). "Afrinvest floats N5 billion mutual fund". The Nation (Nigeria). Retrieved April 4, 2016.
  4. "Board of Directors". Retrieved April 4, 2016.

5. ↑ "Afrinvest launches Plutus Fund". Retrieved November 22, 2017.

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