Ferngroove BC, a Lusaka based investment advisory firm is targeting to raise up to USD 150 million through international fund managers for local investment projects in Zambia.
Ferngroove is working with US-based consulting firm Nova Vista Capital Advisors to attract US investors and raise millions of foreign direct investment into the Zambian economy.
Ferngroove which offers corporate finance and financial advisory services has in the past successfully raised investment funds for its clients from local and international financial markets.
“We want to play an active role in contributing to the economic growth of our country by attracting foreign direct investment that will be able to help in creating jobs for Zambians,” says Conrad Gomani, Ferngroove Group Chairman.
He said the USD 150 million deal is expected to be sealed during October 2015 meetings with fund managers in New York.
We don’t want to sit on the bench, we want to work with the Government in raising more funds to be channeled towards high impact investment ventures in Zambia, said Gomani.
And Nova Vista Capital Advisors Managing Director, Anthony Presley Richard commented that: “we are always ready and willing to facilitate investment meetings that can generate foreign investment into Africa and tap into its existing potential.”
Recently, Ferngroove BC facilitated an investment tour involving a French Pharmaceutical giant which announced intentions to start distributing its range of drugs and health care products on the Zambian market immediately.
