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Charles Kie, NACP |
Charles Kie, formerly of Ecobank, and co-founder Paulo Gomes, formerly of the World Bank, on Wednesday announced their launch of pan-African investment platform NACP.
Its aim is to help grow small and medium-sized enterprises across Africa, as well as larger financial institutions, with funding sourced largely from investors based on the continent.
NACP’s first investment target is a “large” banking group already present in several countries across western and central Africa, Kie tells Euromoney. The potential acquisition of a majority stake in that group, whose identity Kie would not disclose, would likely cost NACP several hundred million dollars, he says.
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