AWCA Investment Holdings Supports inaugural project costs for a property alleviation rural development Initiative.
WEKESA AFRI-FARMING was first established with the mission to develop agricultural projects in rural South Africa
and to address the critical issue of food insecurity in our
We are a women-owned organisation whose roots are planted
firmly in the hills and plains of Mtingwevu, a village in the
former Transkei region. Our ethnically diverse founders have pioneered the world with their strong bank marketing skills and
extensive rural development experience. We are passionate about the upliftment of rural communities
and we believe subsistence farming is the foundation on which this vision can evolve.
Developing Rural Communities
AIH got involved in the La’Kheka initiative to provide funding
support on the project. Women empowerment is key to AIH
which is why one of the requirements was that Lakheka had
strong female leadership.
AIH has made it possible for this project to find its footing and
will be central to the expansion of this project. Additionally,
the diverse experience of the AIH board will be critical in
finding partnerships and funding for this rural development
-Sindi Mabaso- Koyana (AIH Cahirperson)
Phase 1 is about encouraging Subsistence Farming. On September 28th, 2022, in
Mtingwevu, Cala we launched the LaKheka project by giving people a kick-start,
providing them with vegetable seedlings, fruit trees, agricultural tools and water
For Any Information on Wekesa for any donations Please contact below:
Email: [email protected]
or you can contact AWCA Investment Holdings Directly.
Please see full article in the link below: https://www.usdailyledger.com/article/588495866-aih-capital-a-100-black-women-owned-and-operated-south-african-private-equity-fund-secures-25-million-usd-investments
Moody’s Acquires Majority Stake in GCR Ratings, AIH Confirmed as Empowerment Partner
Mauritius, May 18th, 2022 – Global Credit Rating Company Limited (GCR) is pleased to announce that Moody’s Corporation (NYSE: MCO) has acquired a majority (51%) stake in GCR. GCR is a leading credit rating agency in Africa with a broad geographic footprint that includes South Africa, Nigeria, Senegal, Kenya, and Mauritius.
GCR’s 25 year proven track record and successful domestic operations across the African continent, together with Moody’s international expertise represents a unique opportunity to contribute to the development of capital markets and the wider economies across Africa. GCR expect this acquisition will further solidify its position as a leading provider of quality, objective and independent credit opinions on African markets.
As part of the broader GCR acquisition, African Women Chartered Accountants Investment Holdings (AIH) has acquired a 20% stake in GCR South Africa. AIH is a 100% black women-owned investment company. AIH will provide local strategic support through its equity participation and representation on the GCR South Africa board.
Following the acquisition, GCR will continue to develop its own ratings methodologies and issue its own credit ratings and will maintain a separate management team.
With a 25-year track record, GCR has developed a very substantial, market leading pan African credit ratings business, encompassing over 600 credit ratings across 25 countries in Africa. GCR is licensed as a rating agency in a number of markets, including Mauritius with the Financial Services Commission, South Africa with the Financial Sector Conduct Authority, Kenya with the Capital Markets Authority, Nigeria with the Securities and Exchange Commission, and CREMPF in the West African Monetary Union. GCR is also recognised as an eligible External Credit Assessment Institution (ECAI) by the Bank of Mauritius and the South African Reserve Bank.
THE AIH AND AIH CAPITAL TEAMS ARE PROUD OF OUR ACQUISITION OF A SIGNIFICAT MINORITY STAKE IN FUTUREGROWTH ASSET MANAGEMENT.
On the 3rd of March 2022, Futuregrowth Asset Management (Pty) Ltd (Futuregrowth) and Old Mutual Investments Holdco has announced the signing of a Share Sale Agreement for the acquisition of 21.2% of Futuregrowth shares by AWCA Investment Holdings (Pty) Ltd (AIH)
The Transaction – which is subject to some conditions precedent, including the receipt of regulatory approval – will see a special purpose vehicle owned by AIH and AIH Capital (Pty) Ltd purchasing the Futuregrowth shares from Old Mutual Investments Holdco.
“We are truly honoured to be partnering with an asset manager that made its mark as a responsible investor many years before the recent emergence of the ESG movement. We look forward to continuously making a positive impact in our country as we together serve Futuregrowth’s clients and grow the business.” Say Sindisiwe Mabaso- Koyana who is the founder and chairperson of AIH, as well as Managing Partner of AIH Capital
AWCA has been instrumental in helping to transform the sector, particularly by supporting aspiring black female CA candidates with the added aim of creating the next generation of leaders and captains of industry. Like Futuregrowth, AWCA believes that investing in education and skills development will reap the long-term benefits of an increase in scarce skills, as the beneficiaries of this investment will ultimately contribute to increased productivity – either as employees or business owners
Futuregrowth Asset Management is a leading fixed interest investment company that manages around R193 billion (+/- US$12 billion) * of assets on behalf of its investors, which are predominantly South African retirement insurance and retail funds. Futuregrowth has been part of the South African asset management landscape since 1995 and is an affiliate of the Old Mutual Investments Holdco (OMI). OMI has been the majority shareholder of Futuregrowth since 2008.
Ms Jesmane Boggenpoel who is director at AIH and Managing Partner at AIH Capital had this to says: “The AIH/ Futuregrowth deal is a flagship deal for us, as our first deal for our new Private equity fund and as an acquisition in a leading & well-respected asset manager.”