Afrinvest brokers over seven major deals in 20 years

Set to unveil 2015 banking sector report Oct. 6
A wealth advisory firm- Afrinvest (West Africa) Limited, said it has executed major deals worth trillions of naira for the country’s corporate organisations in its 20 years of existence.

Besides, the company affirmed its readiness to unveil the yearly banking sector report titled: “Looking Ahead: Nigerian Banking in the Next Decade,” on October 6, which also coincides with the 20th anniversary celebration of the firm.
The Managing Director, Ike Chioke, said this year’s launch is significant as not only that the company is unveiling the 10th edition of the yearly banking sector report, but also celebrating 20 years of the firm’s corporate existence and achievements.

The Nigerian Banking Sector Report has come to be recognized as the leading and most incisive report on Nigeria’s banking industry, and a valuable reference for local and international investors in the Nigerian economy.

According to him, since the business combination of the Nigerian affiliate of Afrinvest (UK) Limited with SecTrust in 2005, which birthed Afrinvest (West Africa) Limited, it has become the toast of the country’s financial services and capital markets industry.

Some of the firm’s innovation and groundbreaking transactions, Chioke noted, include the first ever Eurobond issue by a sub-Saharan Africa corporate outside South Africa– a $350 million five-year Eurobond by Guaranty Trust Bank Plc (GTBank) in 2007; the first ever listing of Global Depositary Receipts by a sub-Saharan corporate– $750 million issue by GTBank in 2008; and financial adviser/broker for the largest ever listing on the Nigerian Stock Exchange– ₦2.1 trillion listing of Dangote Cement Plc in 2010.

Others, he said, were “the 2012 restructuring/reorganisation of United Bank for Africa Plc, from a bank holding company to a pure play commercial bank resulting in the spinoff of Afriland Properties Plc, African Prudential Registrars Plc and United Capital Plc; Advisory to Asset Management Company of Nigeria on the ₦126.6 billion divestment of its 100 per cent stake in Mainstreet Bank to Skye Bank Plc in 2014; and introduction of online, real-time trade execution on the Nigerian Stock Exchange via www.afrinvestor.com in 2014.”