Blackthorn Enters SADC Region in Partnership with Amlih Namibia

0
94
3 June 2011 editorial After the swearing in of the President and Governors, attention has shifted to the legislature, especially the National Assembly, which will be inaugurated next week. Shortly after, the leadership of the Senate and House of Representatives will be decided. The sessions may be rowdy because of the unsettled questions of the zoning arrangement of the ruling Peoples Democratic Party, PDP, and the "ranking" procedure in the Senate, which will limit the chances of some becoming principal officers in both chambers


New Era (Windhoek)

25 May 2011


press release

Amlih Investments (Pty) Ltd (Amlih) and Blackthorn Capital Partners Ltd BVI (Blackthorn) are today, on the occasion of the celebration of Africa Day, signing a transformational memorandum of understanding in the field of corporate finance, private investments and asset management in the SADC region and thereby forming a joint venture to be named Blackthorn Amlih Investments Namibia (Blackthorn Amlih Investments).

Amlih is a Namibian investment company solely owned by Ms Hilma Hitula who is a lawyer and a seasoned entrepreneur who serves as the Vice Chair of Communications Regulatory Authority of Namibia (CRAN).

She has a substantial shareholding in the NAAHI Group of companies. NAAHI is a strategic partner of The South Africa Angola Housing Initiative (Pty) Ltd (SAAHI) a partnership which was forged to ensure active participation of Namibian and South African companies in the reconstruction and development of Angola, with the pilot project estimated at USD 6 billion. Amlih has also recently concluded the acquisition of shares in the Walvis Bay Logistics Park, a N$400 million investment.

Blackthorn is a London based African Private Investments and Corporate Finance specialist. The group provides advisory services and innovative financing structure on behalf of institutional investors and Global Family Offices such as LJ Capital Group. LJ Capital, an investment group which supervises more than USD 3.5 Billion of assets, is partly owned by Founders of Guggenheim Investments Advisors in Miami, Geneva and Hong Kong. Guggenheim Investments Advisors is part of Guggenheim Partners, LLC, a global, independent, privately held, diversified financial services firm with more than USD 100 Billion in assets under supervision.

The Blackthorn team has successfully deployed over USD 500 million in Africa over the last few years. Blackthorn seeks to identify on a Pan-African basis the most compelling investment opportunities addressing the core-bottlenecks restraining Africa’s accelerated economic development.

Blackthorn Amlih Investments has identified that the SADC region with a population of 276 million spanning 13 countries, is in dire need of investment instruments that are focused and structured yet innovative and all encompassing. SADC currently has select implementable projects that are valued at USD12 billion and, Amlih and Blackthorn have via this MOU formed this joint venture with the objective to alleviate the financial and structuring impediments experienced by some of these key projects.
Ms Hilma Hitula, the founder and Chairperson of Amlih, shared with us that she was “proud to be instrumental in the birth of the Blackthorn Amlih Investments Namibia joint venture which will specialize in harnessing international and indigenous capital for the benefit of the SADC citizen by channeling resources into the areas which have a high impact on the economic enhancement of the SADC member states. She remarked further that this joint venture brings into SADC the sought after expertise of Blackthorn, a well established and internationally acclaimed and affiliated company.”

Ibrahim Sagna, the Chairman and CEO of Blackthorn indicated that he was “delighted to see Blackthorn establish presence in the SADC region in partnership with AMLIH, a trusted and resourceful partner in the region. We feel that the upcoming surge of the intra-trade activity level in the region will plant the seeds for fabulous investment opportunities. Our collective vision is not only to empower local enterprises but also to actively participate in the region’s next phase of accelerated growth by bringing to bear our respective organizations’ resources and expertise.”

More News on allAfrica.com

AllAfrica – All the Time


Original post:
Blackthorn Enters SADC Region in Partnership with Amlih Namibia