Afrinvest anchors in Kano to spur economic prosperity

Business a.m

Afrinvest West Africa Limited, a key player in the Nigerian capital market with subsidiaries that provide holistic wealth management solutions to West African clients, is set to step up its investment in infrastructure and business growth with the opening of a new office in Kano State.

Ike Chioke, group managing director of Afrinvest West Africa, spoke at the inauguration of the new office in Kano State, outlining the company’s focus areas in investment banking, securities trading, asset management, trust services, consultancy and technology services.

Chioke stated that the company’s investment and support for the Kano State government, through infrastructure funding and business support, will accelerate the state’s economic growth. He added that the Ado Bayero Mall, a multi-million naira project funded by Afrinvest, will be a significant economic asset for the state.

“In 2009, Afrinvest focused on technology and capital markets, 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 financial markets and its other services and make transactions seamless for its clients in different parts of the world,” he said.

Chioke said the new branch in Kano will provide a range of services for financing road projects, bridges, and power projects for Kano State and its neighbours, noting that the company’s extensive experience and expertise in raising funds will enable it to provide the Kano State government with the financial support it needs to deliver on its development agenda.

Governor Abba Yusuf, reaffirmed the state’s commitment to collaborating with Afrinvest to spur economic growth and infrastructure development. He emphasised that the presence of the company in the state would generate significant economic value for trade and investment, contributing to the state’s economic growth.

Representing the governor at the event, Kabiru Magami, the permanent secretary of the Kano State Ministry of Finance, outlined the state’s plans to promote trade, modernise and expand public infrastructure to meet global standards.

The governor also praised Afrinvest for its achievements over the past 30 years of operations, saying that the company has been a trailblazer in the industry. He expressed delight that the company chose Kano as part of its expansion strategy and promised to create a conducive and safe environment for it to thrive.

Aminu Ado Bayero, the Emir of Kano, described Kano as a commercial hub and noted that the city is always ready to provide the necessary support for economic development. He also praised Afrinvest’s dedication to providing innovative solutions and services to its clients, noting the company’s focus on pushing boundaries and delivering value.