LAGOS — Skymark Partners Limited, a leading Pan-African investment company just concluded its board retreat where key strategic plans were approved. The three day retreat focused on corporate strategy for the next five years with emphasis on funding and capital structure needed to achieve desired outcomes.
The company focus on the short term would be to employ sophisticated funding structures that would allow rapid capital deployment in key high-return opportunities. The nature of business in its key markets requires financial size to attain certain critical mass needed to be a relevant operator in fast growing niches.
Investing across Africa
After a careful review, the board has decided that the percentage of the balance sheet directly exposed to Nigeria needs to be reduced with a long-term target of no more than 50%. This is required to reduce concentration risk and tap into other African economies that offer better medium-term risk adjusted returns and have better macro-economic indices.