An investment firm, Emerging Africa, has said that it plans to be listed on the Nigerian Exchange Limited to enhance its credibility in the Nigerian capital market and boost offerings to customers.
The company’s Founder/Chief Executive Officer, Mrs Toyin Sanni, disclosed this as the firm marked its 5th anniversary in Lagos.
Sanni stated that in addition to the goal of getting listed on the NGX, the firm was set to launch the Emerging Africa Technology Limited Mauritius and Emerging Africa Technology Fund Mauritius, which as expected to manage a $50m technology fund, positioning the firm at the forefront of technological innovation in Africa.
“These milestones represent our unwavering commitment to driving positive change in Africa, embracing innovation, and delivering exceptional financial solutions. We remain steadfast in our determination to foster sustainable economic growth, create opportunities, and empower communities across the continent.
“We set out to make a significant impact in the financial landscape of the great continent, and I’m proud to say that we have made remarkable strides towards achieving this purpose. Over the past five years, Emerging Africa Group has grown from strength to strength, expanding from two companies in 2018 to 10 as of date,” Sanni said.
She also noted that the financial position of Emerging Africa had been exceptional over the years, stressing that the firm had experienced phenomenal growth across all key financial metrics between 2019 and 2022.
“Our revenue has achieved an average annual growth of 193 per cent, while our profit before tax has grown at an astounding rate of 338 per cent. Total assets, managed funds, share capital, shareholders funds, earnings per share, return on equity and return on assets.