By Kaveesha Fernando
ABUJA, Nigeria (CWBN)_ Pan-African investment company Ultimus Holdings announced plans to invest $2 billion in Nigeria and other Sub-Saharan countries in the next decade. The funds will be used to expand their investment portfolio across many sectors, including consumer and industrial goods, healthcare and real estate and construction services.
President/CEO of Ultimus Holdings Dr. Ifeanyi Chukwuma Odii stated last week that the company is 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 stated.
He also stated that Africa remains a strategic market for their business, and that the company is 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,” Dr. Odii said.
Odii also called on the government in different economies within the continent to continue to support its expansion plan by creating the enabling environment for business to thrive.
Edited by Elishya Perera
