Afrinvest West Africa Limited will be raising its level of infrastructure investment and commitment to business growth with the openi new office in Kano State.
The Nigerian capital market holding company, with specialised subsidiaries focusing on the unique but integrated wealth management needs of clients in West Africa, also has substantial funding plan for state infrastructure.
Speaking at the inauguration on Thursday, in Kano, the Group Managing Director of Afrinvest West Africa Limited, Mr Ike Chioke, said the company “is focused” on investment banking, securities trading, asset management, trust services, consultancy and technology services.
According to him, investment and support of Kano government through infrastructure funding and business support will accelerate the state’s economic growth.
He disclosed that Afrinvest financed construction of the multi-million naira Ado Bayero Mall in the state, which would be of great economic benefit to the state’s economy.
Chioke said, “In 2009, Afrinvest focused on technology and capital market, which made it a leading stockbroker in Nigeria. Afrinvest also engages in foreign exchange business that had been digitised to provide efficiency and transparency via its mobile app. The feat aligns with the firm’s resolve to digitise financial market and its other services and make transactions seamless for its clients in different parts of the world.”
The new branch, the MD added, will provide a range of services on financing, road projects, bridges and power projects for Kano and its neighbours.
“We will be able to raise fund to assist Kano government in delivering its developmental projects,” he said.
Kano State Governor, Abba Yusuf, reiterated the state’s readiness to partner Afrinvest to stimulate businesses and development of infrastructure.
The governor, who was represented by the Permanent Secretary, Ministry of Finance, Kabiru Magami, disclosed that the inauguration of the new unit in Kano would bring immense economic value to trade and investment in the state.
He disclosed the state’s plan to develop trade, as well as engage in modernisation and expansion of public infrastructure into global standards.
Governor Yusuf lauded Afrinvest’s achievements in the last 30 years of operation, expressing delight for its choice of Kano in its expansion drive. He promised to provide conducive and secure environment for the company to thrive.
“We congratulate this company for its achievements in the last 30 years and thank you for choosing Kano. The state government will give every support to you.
“I wish to start by welcoming you to this important event; the opening of your office here, which will definitely add value to trade in Kano. There is no better time for this important decision, as Kano is looking for partners like you. We are going to engage you in enhancing trade in the state.
“Everyone is aware that Kano is known for its commercial activities, even before the advent of colonialism in Nigeria. We plan to develop trade in the state and engage in modernisation as well as expansion to meet global standards.”
Describing Kano as a commercial hub, the Emir of Kano, Alhaji Aminu Ado Bayero, said the city is always ready to provide the necessary support for the development of the economy.
Represented by Magajin Rafin Kano, Alhaji Abdulqadir Mahmud Chigari, the monarch congratulated the company for opening a unit in the state.
He noted that opening a branch in Kano is a wise decision by the company, adding that the company’s office in Kano would attract clients from other states.
Afrinvest has a team of financial and investment advisory professionals that have demonstrated unparalleled dedication across various solutions and key touchpoints. From stock trading to digital investments, they have focused on pushing boundaries and delivering new solutions in support of clients’ aspirations.
The Optimus by Afrinvest, Afrinvest Securities Limited, Afrinvest Capital Limited, Afrinvest Asset Management Limited, Afrinvest Trustees Limited, as well as Afrinvest Research and Consulting, are the units under which the company delivers its services to clients.