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| 109 |
| Ghana |
| Finance and Insurance |
| Adehyeman Savings and Loans Company Limited is a limited liability company licensed by the Central Bank of Ghana to carry on savings and loans services. It officially opened its doors to customers in November 2005 and focuses on microfinance activities through the mobilization of savings from the retail public (mainly households and small businesses) and the provision of credit largely to its target group (micro and small businesses). The company currently has three branches in Accra and one in another town outside Accra, and has proposed an expansion plan that will enable it increase its branch network. |
| ASL sought assistance from AMSCO to enable it grow into a world class financial services provider by achieving significant growth through innovative products and the development of an exceptional human capital base within the company. AMSCO seconded a Managing Director,who has experience in the financial sector to assist ASL in achieving their goals. The manager has a task to oversee the strategic planning and performance management, HR performance and talent management, transparency and internal control, as well as communication and external affairs. |
| www.adehyeman.com |
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| 13 |
| Nigeria |
| Finance and Insurance |
| ADIC Insurance (formerly African Development Insurance Company Limited) was incorporated on 18th April 1989 to carry on composite (i.e. Life and Non-Life) insurance business in Nigeria. The Company commenced business operations on 1st September of the same year and has been in business for the last 15 years |
| ADIC’s clients cut across the manufacturing sector, telecommunications sector, financial sector, automobile sector, federal parastatals amongst others. Its current re-capitalisation will enable the company service larger and bigger clients that it could not reach. Also, its partnership with Hollard Insurance is expected to improve its business processes which will also enable it to service some of the blue chip companies because of its expected improved service delivery and underwriting capabilities. Presently, there are 2 AMSCO Managers in ADIC Life. A total grant of US$81,000 was allocated to them: $36,000for management and $45,000 for training services |
| www.adicinsurance.com |
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| 5 |
| Senegal |
| Investment vehicles |
| Advanced Finance and Investment Group (AFIG) is a Mauritius fund management company founded in 2005, with offices in Johannesburg, South Africa, Dakar, Senegal, Washington DC and one planned for Lagos, Nigeria. AFIG is in the process of raising US $ 150 million in commitments from institutional and private investors for several specialized funds. AFIG’s partners reached a first closing of US$ 75 million for the Atlantic Coast Regional Fund (ACRF or the Fund) in July 2008. ACRF’s investors include development finance institutions (DFIs) from Africa and Europe, as well as the International Finance Corporation (IFC) and Nigeria’s African Reinsurance Corporation. |
| AFIG seeks to create a new paradigm for African private equity investing in the 3 following manners: (a)By mobilizing significant local private capital alongside international private investors and DFIs (b)By establishing new funds managed by experienced African private equity professionals who combine developed markets investment expertise with local private equity and debt investment experience alongside knowledge, relationships and African office presence (C)By developing an African office presence and formalized complementary relationships with local leaders in debt financing, human resources management, strategic corporate financial advice to enable AFIG to implement an investment philosophy claimed by many private equity firms, but seldom practiced in Africa i.e. to provide AFIG portfolio companies with a full suite of value-added services to leverage the equity investment. |
| www.afigfunds.com |
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| 162 |
| Cameroon |
| Finance and Insurance |
| Horus-Advans Cameroon is a microfinance project that started as an AMSCO project on January 1st 2007 in Douala, Cameroon under the name La Camerounaise de Microfinance (LCM). The company later assumed the name Advans Cameroon. Advans Cameroon is a joint venture between Advans SA, a manager of funds set up by DFIs to promote microfinance projects in Developing World, Société Générale de Banques du Cameroun and two prominent Cameroonian businessmen, Titi Maniaka and Andre Siaka. Its target clientele spans micro enterprises to medium-sized companies and cooperatives. |
| AMSCO seconded three experienced managers to Advans Cameroon to successfully launch the Company, to recruit and train personnel and to establish the Advans brand on the market. The managers seconded were the General Manager, Operations and Credit Manager and the Chief Administrative and Financial Officer. Loan Officers given training in Risk Management will allow Advans Cameroon to extend loans to borrowers who would otherwise be shunned by commercial banks on account of being high risk customers. As of end of October 2008, the total staff strength was 61 employees, including 34 women. The capital was increased to CFA 1 billion (US$ 2 million) in June 2008 with the entry of IFC in the shareholding structure. |
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| 211 |
| Ghana |
| Finance and Insurance |
| The Company is a start-up in Ghana, set up with the view to provide microfinance services to micro-SMEs in Ghana. It currently has six branches, and 2 active AMSCO Managers on board. |
| The Company needed to set up offices in Ghana, recruit staff and commence business and therefore approached AMSCO. A total of 7 AMSCO Managers who are experts in various fields of Microfinance have been seconded to the Company. Advans Ghana has chalked many successes, including a significant increase of 96% in their loan portfolio alone since 2007. |
| www.advansgroup.com |
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| Cote d'Ivoire |
| Finance and Insurance |
| The Company is a microfinance company based in Abidjan, with branches in other smaller towns all over the country. It focuses mainly on SMEs, especially women's income generating activities. It strives to promote gender equality and empower women by giving them basic management skills to enable them to run their businesses. |
| AMSCO seconded an expert to AE&I in 2009 as the Director of Operations to streamline the activities of the Company. The ATMS Foundation also assisted with a total grant of US$85,500. AE&I trains its employees who in turn train the mainly illiterate womenfolk who patronize their services on basic business management skills, as well as offer advisory services. The women are also given access to loans to start their own business. this two-fold approach is aimed at enabling their Clients to rise above abject poverty and enable them to afford basic necessities of life, like healthcare and better nutrition for themselves and their children. |
| www.aei-investissements.com |
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| 117 |
| Ghana |
| Foods and Beverages |
| The Company processes raw cocoa beans into cocoa liquor for export. The Company is within the Free Zones Board enclave. The cocoa liquor can be utilized in the manufacture of chocolate, or further processed into cocoa butter and cocoa powder. |
| A total of five AMSCO Managers were seconded to the Company since 2006 tomanage key functional areas. These areas include production, electrical, IT, shipment and electronics department. They were expected to provide leadership in their respective departments. Since then, the AMSCO Managers have contributed to the installation of state of the art equipment and overall increase in production and employment. The Company moved from producing 15,000 tonnes of cocoa per year in 2006 to more than 50,000 tonnes in 2010. It has made inroads in new international markets, and has received international quality certifications. |
| www.afrotropics.com |
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| 208 |
| Ghana |
| Accomodation and Tourism |
| The Hotel is strategically situated within 1 mile from Ghana’s only international airport (it is however out of the traffic way), and 3 miles from the city centre, government ministries, United Nations offices, all the major embassies and upscale restaurants and entertainment centres. The location affords visitors in the guestrooms a magnificent view of Ghana’s only international airport – Kotoka International Airport and the newly completed Trans-Ecowas highway. |
AMSCO’s role was to assist the company to identify and recruit a General Manager and an Executive Chef. These two key positions would drive the company’s strategy moving forward and are cardinal to the successful implementation of the said strategy. AMSCO would further manage the capacity building aspect of the project by overseeing training and skill transfer to the locals. This is very critical in the light of the long term nature of the debt structure of the company.
Operations are now efficient, excellent and profitable and the capacity of the locals is expected to be built at the end of AMSCOs intervention. The General Manager has been seconded to the Project, and additional ATMS grants have just been approved for the project.
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| 43 |
| Cote d'Ivoire |
| Agric and Forestry |
| AKWACAO SARL is established as an agricultural service provider for the Ivorian cocoa sector. It employs agronomists and cooperative administrators who provide training and services to cocoa farmers and their cooperatives. It runs projects to create access to inputs, to credit, and to novel approaches to improve the performance and incomes of cocoa farmers. |
| Ecom Agro industrial Corp., Ltd. (Ecom) is a Swiss company and also a leader in providing agronomy services to farmers to achieve certification and higher yields. AKWACAO, the new subsidiary in Cote d’Ivoire will employ a staff of agronomists and administrators who will help farmers improve yields and create a growing supply of certified cocoa. AKWACAO’s services will include agronomy training as well as access to finance, inputs, and other support to their cooperatives and communities. The primary focus of AKWACAO’s work is to provide training to farmers. This training leads to certification against the leading international standards (Rainforest Alliance, UTZ Certified) as a first step on an improvement path. AMSCO seconded a General Manager to Akwacao, responsible for the successful implementation and execution of Akwacao's business plan, training activities, coordination and training of local staff to ensure his succession. |
| www.ecomtrading.com |
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| 42 |
| Nigeria |
| Finance Leasing |
| Aquila leasing started operations on July 1st 2008 after the company was carved out of Aquila Capital which now stands as the holding company. Aquila Capital Ltd owns 99.9% of the Leasing company. |
| Aquila Leasing strives to create superior value to its various stakeholders through innovative leasing products and services offered to clients. The Client has just received a total grant of US$ 71,550. $43,200 for management services and $28,350 for training services. AMSCO seconded 1 manager as the ChiefOperating Officer. |
| www.aquilacapitalltd.com |
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| 142 |
| Nigeria |
| Vehicle Leasing/Tourism |
| A.V.I. Services Ltd was established in 1985 as a business travel and tourism company which runs car rental & vehicle lease services to support the 3 major hotels in Nigeria at that time (Lagos Sheraton Hotel & Towers, Federal Palace Hotel, Lagos and Sheraton Hotel, Abuja) as well as travel advisory services such as providing travel information, packaged tours and travel gift shops to local and international hotel guests. |
| As the company plans for expansion into other locations (Port Harcourt, Kano & Kaduna) and tourism sectors (travel advisory services and tour operations), AVI hopes to improve on its current operational levels in order to be more competitive. Through the help of AMSCO, a manager in the Capacity of Chief Operating Officer was seconded in 2009. |
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| 5 |
| Ghana |
| Professsional and Technical Services |
| A business technology provider dedicated to using the Microsoft platform and Cisco technologies to provide cutting-edge business solutions. Axxend Ghana is a startup business technology services provider dedicated to help enterprises achieve profitable growth. |
| Axxend partners with its customers to create new products and services, serve their customers better, streamline operations, and optimize collaboration across all groups and boundaries. So far, AMSCO has seconded two Managers, and the ATMS Foundation has given assistance to the Company worth US$54,550 for management and training services. |
| www.axxend.com |
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| Senegal |
| Professsional and Technical Services |
| Axxend S.A is a business information technology service provider based in Dakar, Senegal. It has offices in 2 other sub-Saharan African countries - Ghana and Cameroon. it is a Business technology provider dedicated to using the Microsoft platform and Cisco technologies |
Axxend SA offers four type of services to its customers which include consulting, training, support and licensing and is currently in 11 African countries (Senegal, Mauritania, Cote d’Ivoire, Benin, Togo, Burkina Faso, Cameroon, Congo, Gabon, Niger and Ghana) through 4 country offices which are located in Senegal, Cameroon, Ghana and Cote d’Ivoire. The role of AMSCO was to assist the company achieve its objective through the secondment of a Corporate General Manager. His responsibilities are to manage and develop Axxend’s business in the sub region and in Africa, manage the operations and define the ‘Go to market’ strategy. The ATMS Foundation provided Management and Training support amounting to US$65,000.
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| www.axxend.com |
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