Wardiere Oakmount has unveiled a $25m acquisition fund to acquire distressed real estate companies and licensed microfinance banks across Nigeria, with plans to strengthen indigenous businesses and expand them across Africa.
The Chairman of Wardiere Oakmount, Kunle Ilori-Diamond, announced the initiative in a statement, describing it as a strategic intervention aimed at reviving struggling businesses, preserving jobs and building stronger institutions capable of competing across the continent.
He said the fund would target distressed real estate firms and licensed Unit, State and National Microfinance Banks, adding that the programme ranks among the most ambitious privately led consolidation efforts in Nigeria’s real estate and financial services sectors.
According to him, many indigenous businesses with strong foundations have suffered setbacks due to limited access to capital, rising operating costs and succession challenges.
“Africa is entering a new era, where institutions, not individuals, will define economic prosperity. Our objective is to identify businesses
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