Afinitas� pan African venture takes shape :: Mmegi Online

Having debuted on the Botswana Stock Exchange (BSE) a little over two years ago, with just no assets under its investment portfolio, Afinitas Limited has now established full presence in Ethiopia and is actively pursuing opportunities in 12 other countries on the continent. As an emerging African investor, domiciled in Botswana, Afinitas is looking to provide seed capital and set up viable Greenfield ventures on the continent. In a wide-ranging interview at the company’s offices in the New CBD, executive director Leutlwetse Tumelo takes BusinessWeek’s BRIAN BENZA through the company’s strategy and long-term vision.

BusinessWeek: Two years after listing, how has the company grown?

Tumelo: You will remember when we listed in 2015, we didn’t have any investments under the company. Soon after listing on the BSE, we bought a 50% stake in Africa Events Limited (AEL), a firm that is involved in organising the Africa Financial Services Investment Conference (AFSIC), held in London every year. We have now added two more companies to Afinitas, which is Ethiopia Investments Limited (EIL) as well as Adventis Limited - an Africa focussed asset management company.

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