A pan-African investment company, Ultimus Holdings, said it will invest $2 billion into Nigeria and other Sub-Saharan countries over the next ten years.
The fund according to the company will be invested to expand its investment portfolios across real estate and construction, services, healthcare, consumer and industrial goods, financial services and Information Communication and Technology.
Speaking during a media parley in Lagos, the President/Chief Executive Officer of Ultimus Holdings, Dr. Ifeanyi Chukwuma Odii said, “We are quite optimistic about African economies given the abundance of available opportunities. As a business, we would continue to explore different areas in the rapidly evolving growing economies, not only to make a statement as a brand, but to contribute to further expansion. Moving forward, we would be making massive investments in sub-Saharan Africa that are targeted at addressing the peculiar needs of the African market”.
He further noted that the company is strategically seeking opportunities for new businesses in strategic sectors, which would guarantee huge returns on investment while also acquiring businesses that visibly deliver solid value for its esteemed customers.
“Currently, Africa remains a strategic market for our business. We cannot afford to relax because we are aware of the impact significant investments would have on business growth and socio-economic development in Africa as a whole. We believe investment in critical sectors of the economy would not only create jobs for the youths but also help to improve the economic prosperity of the continent as a whole,” Odii said.
Vice President, Ultimus Holdings, Mr. David Ewemie equally stated he is confident of the company’s prospects in Africa particularly, based on the legacy of growth and a strong brand built over the years.
According to him, the company, which is fast becoming a household name in Africa, currently boasts four subsidiaries in its portfolio and these include – The Classroom, Parla Di LussoUltimus Construction and Viarmor.
Also speaking at the parley, Colette Amaeshi, the Marketing and Communications Manager, Ultimus Holdings said: “Our people-centric philosophy buttresses our commitment to be a great place to work for employees as we consistently adhere to global workplace practices and standards. Our core values are strategically set to serve as the major tools for us to achieve this”.