Establishment of Partner Companies Network
15 May 2018
APQ Global Limited
("APQ Global" or the "Company")
Establishment of APQ Global's Partner Companies Network
APQ Global, the emerging markets income company, is pleased to announce that it has established an emerging markets Partner Companies Network. The partner companies represent some of the most exciting growth and innovation SME opportunities evident to APQ in emerging markets and are sourced from the contacts of the Company and its International Advisory Council 'IAC'*.
The partner companies represent an additional growth opportunity for APQ Global, which has the right of first refusal to participate in any of their future capital raises.
The Company is delighted to announce the inaugural two members of the Partner Companies Network, DW Agriculture and Alluvial.
DW Agriculture, based in Nigeria's Cross River State, takes an innovative approach to agribusiness in West Africa. The central strategy is to mobilise local populations in Nigeria and the wider region to produce important goods that are otherwise imported at higher costs. For example, 90% of dairy products in Nigeria are imported at an annual cost of $1.2bn. DW Agriculture and Alluvial are focused on resolving major gaps in investment that can lead to attractive margins in the meat, poultry, fish and dairy sectors in view of increased protein demand and low production capacity.
As another example, Nigeria spends $700m annually on imports of fish. DW Agriculture's flagship aquaculture farm at Songhai in Bunu Tai Rivers State produces 1,000 tons of catfish annually after only its third year of operation. Additionally, the gradual move from staple production towards high-value horticulture crops is an important contributor to employment opportunities in Africa. DW Agriculture's Dimieari Von Kemedi and Wesley Davis are both APQ Global IAC members.
For more information, please visit www.dwagriculture.com
Alluvial is an integrated farm business based in Nigeria that uses the best of modern technology and traditional methods to deliver environmentally and socially sustainable farming that enriches the environment and supports smallholder farming communities. It is an innovative and highly scalable private sector response to the challenge of food security focused initially on the Niger Delta region of the world's seventh largest country. Managing Director, Dimieari Von Kemedi is an APQ Global IAC member.
Alluvial last month signed a major cooperation agreement with India's biggest conglomerate, Tata Group, to supply up to 300 John Deere tractors through self-financing lease agreements with individual farmers. Over the next two years these tractors could be used by as many as 100,000 smallholder farmers across 463 square miles. The tractor lease agreement includes both the tractor and a driver as part of an overall package that also covers collective agreements to reduce the cost of seeds and fertilisers and increase the sale price of crops, improving the output and efficiency of small farmers.
For more information, please visit www.alluvialtrade.com
Bart Turtelboom, Chief Executive Officer of APQ Global commented: "We are delighted to take a central role in the development of a number of carefully chosen partner companies. We welcome DW Agriculture and Alluvial as founding members to this group of leading emerging market SMEs. We aim to identify many more members to grow this exciting new venture for the Company."
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Enquiries:
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APQ Global Limited |
020 3478 9708 |
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N+1 Singer - Nominated Adviser and Broker |
020 7496 3000 |
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Carey Group - TISE sponsor |
01481 737 279 |
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Buchanan Communication - Financial PR |
020 7466 5000 |
Notes to Editors
APQ Global Limited
APQ Global (ticker: APQ LN) is a global emerging markets income company with interests across Asia, Latin America, Eastern Europe, the Middle East and Africa. The Company's objective is to steadily grow earnings to deliver attractive returns and capital growth to shareholders. This objective is achieved through a combination of revenue generating operating activities and investing in growing businesses across emerging markets. APQ Global run a well-diversified and liquid portfolio, take strategic stakes in selected businesses and plan to take operational control of companies through the acquisition of minority and majority stakes in companies with a focus on emerging markets.
For more information, please visit apqglobal.com.
*International Advisory Council (IAC)
Established in February 2017, the IAC assists in locating the best investment opportunities across the globe. The panel of advisors, chaired by Tania Rotherwick, contribute insights from their own areas of geographical and sector expertise to support APQ Global's business strategy.
This information is provided by RNS
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