(Business in Cameroon) - Enko Capital, the asset management company specialized in investments in Africa, founded by Cameroonian financier Cyrille Nkontchou and jointly managed with his brother Alain Nkontchou, announced on 28 March 2017 in London, the launch of Enko Africa Debt Fund (EADF). This is, we learned, a debt fund dedicated to Africa, with USD 200 million (over FCfa 120 billion) in assets under management.

This fund, we officially learned, “will only invest in sovereign debt or corporate debt, payable in local currency or in US dollars and throughout Africa, except for South Africa”. “We are very glad to broaden our range of investment products specialized on Africa, which will give investors the opportunity for benefiting from the high yields currently available on African markets. The launch of EADF represents an important step in the Enko Capital group’s ambition to become the African leader in assets management”, commented Alain Nkontchou, managing partner at Enko Capital.

EADF is launched in a context where African States and companies on the continent have increasing needs in funding for their investments, as demonstrated by the number of debenture loans issued by governments and public offerings which have been taking place on the continent for some years.

In addition to offering to States and companies in Africa a new opportunity to access funding, EADF above all enables Enko Capital to diversify its range of products, after Enko Africa Private Equity (EAPEF), through which it is possible to invest in “medium-sized companies potentially capable of being listed on local stock markets a few years after the investment”; and Enko Opportunity Growth (EOGF), a fund dedicated to investments in stock markets throughout Africa except South Africa.

Brice R. Mbodiam