HOUSTON, TEXAS & MONROVIA, LIBERIA- Africap LLC, an FCA Corp advised entity, announced its investment into Liberia Merchant Capital (“Liberia Merchant Capital”, “LMC”, or the “Company”), a startup financial institution in Monrovia, Liberia. The investment is a joint-venture with Trans-Africa Holdings, incorporated in 1996 with the objective of building an Africa-wide network of specialized financial service institutions.
Liberia Merchant Capital, licensed through the Central Bank of Liberia (CBL), is the first discount house in Monrovia, Liberia providing a secondary liquidity market through trading of various short-term securities and instruments. The Company will be Africap’s fifth investment into the financial services industry, with previous investments in Malawi, Senegal, and Rwanda.
In its twenty-first year of operation, Africap continues to diversify its geographic exposure. “Liberia represents an amazing opportunity to bridge financial returns with local economic impact. Markets like Liberia generate less than half of a percent of the continent’s total FDI, so this investment in LMC is a great platform to begin closing that gap,” said Garrett Gish, Director at FCA Corp. “Additionally, through LMC, we are able to address markets and market segments that are largely ignored by existing banking and financial institutions and play a significant role in the growth of the Liberian financial system.”
Killen & Dennis served as legal counsel to FCA Corp.
About Liberia Merchant Capital
Liberia Merchant Capital, licensed through the Central Bank of Liberia (CBL), is the first discount house in Monrovia, Liberia providing a secondary liquidity market through trading of various short-term securities and instruments.
About FCA Corp
FCA Corp is a leading global investment management and financial advisory firm, delivering differentiated long-term performance on behalf of clients around the world. FCA Corp manages Africap LLC, a leading African private equity fund established in 1999 for the primary purpose of capital appreciation through growth equity investments in small and midsize enterprises in the African market. Africap LLC focuses on Impact Investment across a range of industries including natural gas production, healthcare, insurance, QSR’s, hotels, mining, logistics, real estate, and technology where financial performance and societal impact are intrinsically aligned.
About Trans-Africa Holdings
Trans-Africa Holdings is a Financial Services Investment Holding Company. It is not Directly involved in the management of the companies it invests in. It seeks to operate according to private equity principles, and to keep its overheads and operating costs to a minimum. Its primary role is in establishing or acquiring new companies within the overall strategy of the firm. Through TAH Capital, its wholly owned services company where resource center is situated in Johannesburg, South Africa, TAH provides technical support services to its investee companies in the areas of strategy, financial control, recruitment of senior executives, training, business, internal and compliance reviews, and development of operating manuals, procedures, and processes.
Cautionary Statement Regarding Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “aims”, “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond our control, and may cause actual results to differ significantly from those expressed in any forward-looking statement. All forward-looking statements reflect the Company’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance.