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Welcome to FCP

WE INVEST IN THE REAL ASSETS
THAT ARE DRIVING AFRICA'S
URBAN FUTURE

WE INVEST IN THE REAL ASSETS THAT ARE DRIVING AFRICA'S URBAN FUTURE

01
OUR FIRM
Frontier Capital Partners is an Africa-focused private investment vehicle primarily focused on three strategic sectors:
  • Real Estate
  • Agriculture
  • Utilities
We believe that these three sectors are well-positioned to benefit from three key sectorial trends we see driving Africa’s economic future:
  • Urbanisation
  • Population Growth
  • Economic Growth
We are long-term value-oriented investors who seek to deploy capital into real assets via three main strategies:
  • Acquisitions: we acquire existing real assets with unique market positioning and value-add potential.
  • Joint ventures/partnerships: we partner with real estate owners and/or corporate operators in our sectors of focus as capital partners and developers.
  • Greenfield and owned developments: we develop assets from conception phase through to construction phase with a focus on unique positioning and long-term growth potential.
02
OUR THESIS
URBANIZATION: we are betting on increasing numbers of people living in African cities with an increasing demand for social services and consumption
  • From 2018 to 2035, the UN predicts that the world’s 10 fastest growing cities will be African
  • By 2040, Africa's urban population will more than double to one billion
  • Of the 30 fastest growing cities, 21 are in Africa
  • Urban areas in Africa comprise 472 million people. That number will double over the next 25 years
POPULATION GROWTH: we believe that Africa’s high fertility rates and young population will continue to create economic opportunity through a growing labor force with growing needs for social services and consumption
  • Africa’s population grew at an average 2.6 per cent a year in 1990–2015, more than twice the world average
  • Between 2017 and 2050, the populations of 26 African countries are projected to expand to at least double their current size
  • Africa’s population growth rates have remained remarkably stable over the past 50 years at about 2.6 percent per year (2.7 percent in sub-Saharan Africa and 2.1 percent in North Africa)
INCOME GROWTH: we believe that this increasing urbanization and population will elicit more economically productive citizens due to increased access to information and economic opportunity. Overall GDP growth will be matched by an increase in purchasing power
  • Africa’s GDP growth is forecast to average approximately 4.0% from 2018
03
OUR VALUES
  1. INTEGRITY: We believe in conducting honest and transparent business.
  2. FOCUS: We focus on our competencies and we partner with expert operators for the rest.
  3. DISCIPLINE: We believe in focusing on opportunities we understand. Investment discipline is important to us.
  4. EXCELLENCE: We believe in conducting the most thoughtful and rigorous diligence, rooted heavily in data and analysis.
  5. PASSION: We possess a burning commitment to the communities and people we work with.

"Be fearful when others are greedy and greedy when others are fearful."

- Warren Buffett

04
OUR LEADERSHIP

Carl
Mbao

Managing Partner
Carl Mbao is a Managing Partner and Co-founder at Frontier Capital Partners. Prior to FCP, Carl worked as Manager – Strategy at Bayport Financial Services, a mass market credit provider with over $800mm in loans and advances in 9 countries and backed by institutions such as Kinnevik, Helios Investment Partners and the Overseas Private Investment Corporation. At Bayport, he focused on analyzing, developing and implementing new business and product lines as well as evaluating financing alternatives for the company. His work included the greenfield implementation of a retail deposit mobilization business in Zambia, which subsequently grew to over $30mm in deposits during Mr. Mbao’s tenure. Prior to Bayport, Carl worked in investment banking and private equity in the United States. Carl received a BSBA with Honors from the University of Miami.

Mwiya
Musokotwane

Managing Partner
Mwiya is a Managing Partner and Co-founder at Frontier Capital Partners. Mwiya is also Co-founder and CEO at Thebe Investment Management. Prior to Thebe, Mwiya was responsible for helping manage over US$400 million in assets under management at African Life Financial Services, specifically the management of capital allocation across fixed income, equity, property and private equity asset classes. Whilst there, he developed new credit risk management systems and equity portfolio management tools. Mwiya has a BA in Finance from Richmond the American International University in London, as well as an MSc in International Business Management from The University of Surrey; both in the United Kingdom. Mwiya brings a firm understanding of African asset management as well as a discerning understanding of strategy, marketing and consumer behaviour.

Spencer
Morris

Managing Partner
Spencer is a Managing Partner and Co-founder at FCP. Spencer is also Executive Vice President at The Allen Morris Company, a leading property development and investment company based in Miami, Florida. The Allen Morris Company presently has business volume in excess of US$5 billion. Spencer is a member of its management and investment committees, and previously worked at the Related Group; the largest developer of condominiums in Florida. He is a graduate of the University of Boston.