Afrinvest Expands Operation to Accelerate Economic Growth
Afrinvest West Africa Limited said it will be raising its level of infrastructure investment and commitment to business growth with the opening of its 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 a substantial funding plan for state infrastructure.
Speaking at the inauguration in Kano, the Group managing director of Afrinvest West Africa, 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 the Kano government through infrastructure funding and business support will accelerate the state’s economic growth.
He disclosed that Afrinvest financed the 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 and it 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 the financial market and its other services and make transactions seamless for its clients in different parts of the world.”
He stated that the new branch will provide a range of services on financing, road projects, bridges and power projects for Kano and its neighbours, saying, “We will be able to raise fund to assist the Kano government in delivering its developmental projects.”
Kano State governor, Abba Yusuf, reiterated the state’s readiness to partner with Afrinvest to stimulate businesses and development of infrastructure.
The governor, who was represented by the Permanent Secretary of the 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.
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 a conducive and secure environment for the company to thrive.
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.
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