Financial Services

Access to Finance: African Century seeks to develop an efficient and inclusive financial sector that supports the local private sector primarily made up of small and medium enterprises (SMEs) – the backbone of the economy -, and that provides affordable and convenient services to the general public and tailored project finance solutions to corporate clients.

In this area, we have a two pronged approach:

  1. Establishment of a Banking Group.
  2. Provision of advisory services to client banks and financial institutions as well as to public entities.

ADVISORY SERVICES

Through African Century Advisory Services (ACAS) our specialized subsidiary, we support our clients’ initiatives and investments in banking, corporate finance and capital markets development through value-added advisory services.

MULTI-FACETED EXPERTISE

African Century’s Team members have extensive practitioner experience – across various banking disciplines including and SME/Retail banking, Corporate Finance, International Trade Finance & Capital Markets and Private Equity investment in Africa/emerging markets and globally.

INTERNATIONAL STANDARDS

African Century’s team has a diverse background and offers the perspective of a global firm with local knowledge and adheres to and applies international best practices.

LOCAL KNOWLEDGE

African Century’s team has intimate knowledge of national, regional and continental legal and regulatory environment and operational and market issues. In addition, our team members have local language capacity and cultural awareness allowing them to interface with our clients, the regulatory agencies and other stakeholders in a very effective way.

EXECUTION CAPACITY

African Century has developed an operational platform for effective execution of our advisory mandates.

GLOBAL PARTNERS

African Century has established strategic alliances with leading partners for the execution of advisory mandates or for the delivery of specialized expertise in banking, capital markets development, insurance and assets & wealth management.

CLIENTS


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Senegal (Private Bank)

Corporate Restructuring, Capital Raising & Regional Expansion

Mandate as lead advisor to establish a new corporate and ownership structure to ensure corporate alignment and adoption of international governance standards.

Lead a capital raising exercise and identify and bring on board new investor(s) trough a private placement.

Lead on design and roll out of a regional expansion plan


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Kenya (Bank of Africa)

SME Banking

Under an IFC-sponsored multi-year and multi-country program, with strategic partner FA, African Century is assisting four Bank of Africa Group subsidiaries in East Africa with expanding and strengthening their SME banking operations. Our technical assistance encompasses issues of corporate alignment, product development, credit and risk management, marketing, IT solutions and training. Team including Resident Advisors and Short Term Specialists are involved in the execution of the advisory mandate.


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Tanzania (Bank of Africa)

SME Banking

Under an IFC-sponsored multi-year and multi-country program, with strategic partner FA, African Century is assisting four Bank of Africa Group subsidiaries in East Africa with expanding and strengthening their SME banking operations. Our technical assistance encompasses issues of corporate alignment, product development, credit and risk management, marketing, IT solutions and training. Team including Resident Advisors and Short Term Specialists are involved in the execution of the advisory mandate.


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Uganda (Bank of Africa)

SME Banking

Under an IFC-sponsored multi-year and multi-country program, with strategic partner FA, African Century is assisting four Bank of Africa Group subsidiaries in East Africa with expanding and strengthening their SME banking operations. Our technical assistance encompasses issues of corporate alignment, product development, credit and risk management, marketing, IT solutions and training. Team including Resident Advisors and Short Term Specialists are involved in the execution of the advisory mandate.


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Burundi (Bank of Credit of Bujumbura – Bank of Africa Group)

SME Banking

Under an IFC-sponsored multi-year and multi-country program, with strategic partner FA, African Century is assisting four Bank of Africa Group subsidiaries in East Africa with expanding and strengthening their SME banking operations. Our technical assistance encompasses issues of corporate alignment, product development, credit and risk management, marketing, IT solutions and training. Team including Resident Advisors and Short Term Specialists are involved in the execution of the advisory mandate.


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Togo (GoT)

Capital Markets and Housing Finance Development Project

Mandate to develop a capital market for long term local currency denominated debt securities and advise on a range of issues associated with the development of the country’s Capital Market infrastructure.  The aim of the project is to support the development of a more efficient and robust bond market and financial sector, which will contribute to the development of housing and infrastructural finance.

The following sub projects aim to address the deficiencies in the capital market and financial sector and bridge the gaps in infrastructure financing:

  • 360° degrees diagnostic and strategic SWOT
  • Workshops for Key Decision-Makers
  • Capital Markets Master Plan & Implementation Framework
  • Capital Markets Infrastructure Development
  • Government Issuance Bond Program
  • Small Scale Mortgage Program (Pilot)

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Nigeria

MSME Banking

Mandate as lead advisor under an agreement between perspective shareholders to establish a de novo specialized bank to service the MSME sector. Applied and was granted banking license and established HQ and first branches. Selected and negotiated acquisition of core banking platform. Negotiated service agreement with partner banks. Hired key staff including MD/CEO, COO and managers of critical functions. Implemented policies & procedures in all areas including corporate alignment, strategy, product development, distribution channels, IT, credit & risk management, ALM and HR. Project was supported by the World Bank Group (Members of Leadership Team).


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Ghana

MSME Banking

Mandate as lead advisor under an agreement between perspective shareholders to establish a de novo specialized bank to service the MSME sector. Applied and was granted banking license and established HQ and first branches. Selected and negotiated acquisition of core banking platform. Negotiated service agreements with partner banks. Hired key staff including MD/CEO, COO and managers of critical functions. Implemented policies & procedures in all areas including corporate alignment, strategy, product development, distribution channels, IT, credit & risk management, ALM and HR. Project was supported by the World Bank Group (Members of Leadership Team).


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Cameroon

MSME Banking

Mandate as lead advisor under an agreement between perspective shareholders to establish a de novo specialized bank to service the MSME sector. Applied and was granted banking license and established HQ and first branches. Selected and negotiated acquisition of core banking platform. Negotiated service agreements with partner banks. Hired key staff including MD/CEO, COO and managers of critical functions. Implemented policies & procedures in all areas including corporate alignment, strategy, product development, distribution channels, IT, credit & risk management, ALM and HR. Project was supported by the World Bank Group (Members of Leadership Team).


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Senegal

MSME Banking

Mandate as lead advisor under an agreement between perspective shareholders to establish a de novo specialized bank to service the MSME sector. Applied and was granted banking license and established HQ and first branches. Selected and negotiated acquisition of a core banking platform. Negotiated service agreements with partner banks. Hired key staff including MD/CEO, COO and managers of critical functions. Implemented policies & procedures in all areas including corporate alignment, strategy, product development, distribution channels, IT, credit & risk management, ALM and HR. Project was supported by the World Bank Group (Members of Leadership Team).


Pan-Africa

Private Equity

USD 50 million investment private equity fund established in Mauritius.  One of the pioneer private equity funds in Africa (Launched in 2001).

Mandate to conduct the feasibility study, develop and launch a private equity fund (Pan African).

Developed the fund concept. Raised additional seed capital. Developed investment pipeline. Prepared Offering Memorandum. Conducted a road show. Participated in negotiations of terms and conditions of investment. Identified and recruited the Managing Partner. (Member of Leadership Team).


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Benin (GoB)

Bank Privatization

Mandate for bank privatization as part of Privatization Program sponsored by the World Bank.

Key deliverables included:

  • Restructuring Plan,
  • Negotiations with regulatory agencies
  • Information Memorandum,
  • Conducted road show and investors’ conference.
  • Term Sheet (Member of Leadership Team)

INVESTMENT

Investment activities are conducted under a specialized subsidiary African Century Finance Corporation (ACFC).

African Century is positioning itself to become a leading provider of financial services to the African Private Sector through Enterprise Banking, Trade Finance and Project Finance and housing/mortgage financing through Personal Banking.

ONE BRAND

African Century seeks to integrate its banking subsidiaries under “One brand” to offer consistent customer experience across its network and to benefit from economies of scale.

IT SOLUTIONS

African Century is a technology driven venture seeking to take full advantage of modern IT solutions. We seek to establish a common state-of-the-art core banking and telecom platform anchoring a shared services center to consolidate operations and to consistently deliver high quality, affordable and convenient products & service through a distribution network including channels such as ATMs, POS, Mobile and Internet Banking.

HUMAN RESOURCES

The corner stone of our approach is based a strong personal bond and trust between the staff and the clients. Hence, we consider our human capital as our key competitive advantage.

We are committed to the development of an institutional framework that harnesses it, instills shared policies and values and favors communication and exchange across the group while conveying African Century’s corporate values.

Considerable resources are to be dedicated to training and career development to bring on stream entry, mid and senior level staff in line with expansion needs.