The latest Henley & Partners Africa Wealth Report reveals that the continent holds a total of $2.4 trillion in private wealth, with South Africa, Nigeria, Egypt, Kenya, and Morocco accounting for over 50% of this. Despite this, income inequality remains high, and there’s a significant ‘floating class’ within the middle class facing insecurity.
Subomi Plumptre, the CEO of Volition Cap in Nigeria, aims to address these challenges.
Over a span of three years, her company successfully launched a $30 million fund for agriculture and real estate projects in Africa, resulting in financial independence rates of up to 75% for 3,000 members. Additionally, it’s supporting African filmmakers with $250,000 in funding and have provided financial literacy courses to over 10,000 individuals.
Plumptre also recently toured the United States (US) engaging with the African diaspora through the ‘Celebration of African Prosperity’ roadshow with information on diaspora-focused funds.
Originally, Volition began as a financial education company and investment club. Later, obtaining a Securities and Exchange Commission (SEC) license, it pioneered a novel fund management approach for Africa utilizing investment clubs (cooperatives).
The acquisition of the SEC license validated and institutionalized their model.
Plumptre co-founded Volition Cap, a licensed asset manager, with Kola Oyeneyin in 2018 after facing personal financial challenges.
Diese Geschichte stammt aus der December 2023 - January 2024-Ausgabe von Forbes Africa.
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Diese Geschichte stammt aus der December 2023 - January 2024-Ausgabe von Forbes Africa.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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PLAYING THEIR CARDS RIGHT
THESE UGANDAN GAME DESIGNERS AND FOUNDERS ARE HOLDING UP A MIRROR TO SOCIETY WITH THEIR ART.
THE PLACE TO DO NOTHING
VILANCULOS IS MOZAMBIQUE’S UNTOUCHED GEM WITH ITS MAGNIFICENT SUN, SAND, SURF AND HORSES, AS THIS WRITER DISCOVERED.
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CALL INTO QUESTION
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MICHAEL STRAHAN IS ON THE CLOCK
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KINGDOM CALLING
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SPARKING COMPETITION
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NATURE'S WARRIOR
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TALK AIN'T CHEAP
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