Silk Road Finance has launched Africa Asia Capital, a Mozambique-focused corporate finance advisory firm.
The new Mozambique-dedicated venture has a mandate to facilitate both foreign strategic and portfolio investments in Mozambique and advice national institutions and companies on raising capital internationally, primarily in Asia.
Recent discoveries of massive natural gas and coal resources are set to transform Mozambique into an economic powerhouse in Africa. With unprecedented discoveries of natural gas in the offshore Rovuma basin, Mozambique is set to become the major global LNG producer with the first deliveries starting from 2018. Its strategic location in East Africa should allow Mozambique to rival Qatar and Australia in supplying energy to the largest economies in Asia such as China, Japan, India and Korea.
Alisher Ali, founder and chairman of Silk Road Finance, says: “We are very bullish on Mozambique’s massive economic potential and estimate that country’s GDP to rise from current USD14bn to USD150bn by 2025. We are very pleased to establish Africa Asia Capital in order to facilite actively foreign direct and portfolio investments across various sectors in Mozambique. We are particularly keen to invest in Mozambique’s services sectors and contribute to human capital development in the country. We also would like share our frontier market experience in development of local capital markets by attracting global, Asian and Gulf investors into Mozambique’s various asset classes including local bond and public equities markets.”
Africa Asia Capital has published its debut research report titled: “Mozambique Outlook 2013: Growth Outperformer in Africa”. The firm is an exclusive financial adviser to Silk Road Management in raising capital for the first ever Mozambique-focused venture capital and private equity fund.
Silk Road Finance is an investment group with operations in Mongolia, Myanmar, Mozambique and other catalyst-driven frontier markets. The Group provides investment management, merchant banking, strategic advisory and other financial services to a diverse group of international and regional investors.
