Afrinvest Ltd. is an independent investment banking firm with a focus on West Africa and active in four principal areas: investment banking, securities trading, asset management, and investment research. Afrinvest is both a provider of research content on the Nigerian market and an adviser to companies across West Africa on M&A and international capital market transactions Regulated by the Securities and Exchange Commission as an Issuing House and Underwriter, Afrinvest provides financial advisory services as well as capital raising solutions to High Net-worth Individuals, corporations, and governments The Company is also licensed by the Nigerian SEC, through its subsidiary, Afrinvest Securities Limited, as a broker-dealer and authorized by the Nigerian Stock Exchange as a dealing member. ASL acts as a distribution channel for a variety of investment products and houses the Company’s research franchise. Afrinvest Asset Management Limited is licensed by the Nigerian SEC as a portfolio manager. Afrinvest maintains established offices in Lagos, Abuja and Port-Harcourt
History
Afrinvest was founded in 1994 as Securities Transactions & Trust Company Limited which grew to become Nigeria’s leading integrated research, brokerage and asset management firm. Over the years, SecTrust established a close relationship with its London-based partners, an investment banking firm regulated by the United KingdomFinancial Services Authority. Following commencement of its business restructuring in 2005, SecTrust combined with the Nigeria-based corporate finance business of Afrinvest Limited. This phase of business restructuring was concluded in December 2005 and culminated in the renaming of SecTrust as Afrinvest Limited. Afrinvest has emerged as a full-service investment banking firm, engaged in investment banking, investment research, securities trading and asset management. The Company has participated actively in a number of corporate finance transactions in Nigeria to date. In 2012 the company restructured its businesses by establishing two wholly owned subsidiaries namely;
Afrinvest Securities Limited
Afrinvest Asset Management Limited
The company is registered as an Issuing House by the SEC while its other two subsidiaries, Afrinvest Securities Limited and Afrinvest Asset Management Limited, house the company’s broker-dealer and fund manager licenses respectively.
The first ever listing of a dollar-denominated fixed income fund in Nigeria—The Nigeria International Debt Fund
The first Eurobond issue by a Sub-Saharan Africa corporate outside South Africa – Guaranty Trust Bank Plc
The first listing of an African bank’s global depositary receipts on the London Stock Exchange - Guaranty Trust Bank Plc
Financial adviser and broker on the largest listing on the Nigerian Stock Exchange – Dangote Cement Plc
The first Nigerian asset manager to be rated A+
Subsidiaries
Afrinvest Asset Management Limited
Afrinvest Asset Management Limited is licensed by the Nigerian SEC as a portfolio manager. AAML has a range of retail, mass affluent and HNI clients.
Afrinvest Securities Limited
Afrinvest Securities Limited is the licensed broker dealer and subsidiary of Afrinvest Limited. ASL acts as a distribution channel for a variety of investment products and houses the company’s research franchise.
