14 | Wealth & Finance Q4 2024 Most Trusted Investment Solutions Advisory Firm 2024 - Nigeria Based in Nigeria, Blackpace Group is a well-established firm boasting significant investments and projects across Africa. Whilst BlackPace Group is primarily located in Lagos, the firm has additional offices in Paris, France, as well as a liaison in Geneva, Switzerland. The firm is wellpositioned in key sectors of the African economy, lending its expertise and outstanding offerings to numerous fields. BlackPace Group was founded by Olusegun Paul Andrew, who also serves as the Executive Chairman of the firm. Olusegun Paul has more than 25 years of consulting practice in Investment Management, Private Wealth Management, and Global Strategy, and has led world class consortium for oil and gas deals in Nigeria valued at $2 billion as an investment strategist. For more than two decades, Olusegun Paul has been at the forefront of supporting developmental initiatives and directing investments to Africa. With a successful business and consulting practice, he has initiated, managed, and directed world-class projects for key global institutions, governments, and individuals. Leveraging his invaluable gained experiences and in-depth understanding of market dynamics, Olusegun Paul has driven BlackPace Group to elevated success. His endeavours, driven by his entrepreneurial spirit, have significantly supported Africa’s economic development and growth. One of the ways in which BlackPace Group supports the African economy is through several agricultural investments, primarily focused on the potato value chain. Cros Agro Allied, a BlackPace Group company, aims to boost the economic and social value of the agribusiness sphere in Nigeria. The company focuses on the potato value chain, oil palm plantation, ginger, banana, coffee, soya, and beans, boasting more than 3,000 hectares of which 50% is already cultivated. Ultimately, Cros Agro Allied strives to change the agribusiness landscape of Africa and support the socio-economic development of the African population. Cros Agro Allied is in partnership with Plateau State Government under a Joint Development initiative. BlackPace Group owns 51% and Plateau State Government owns 49% in the partnership that provides BlackPace Group access to the growing potato economy in Nigeria, valued at over $3.5 billion. The Joint Development programme will process 60,000 tons of potatoes for local consumption and export through its processing facility, to be located in Jos. BlackPace Group has also contributed to the potato chain in Rwanda, after signing a multimillion-dollar deal with the Rwandan government to revamp and develop the country’s potato industry and position Rwanda as a key producer and exporter of potato products. Over five years, the firm plans to build two processing plants with the goal of producing ten million tonnes of potatoes by the fifth year. One plant will be for frozen French fries in Kigali, and the other focused on potato flakes and crisps in Nyabihu. Further supporting development across Africa, BlackPace Group is involved in several energy and infrastructure projects across Africa. The energy sector within Africa is increasingly competitive, with many global energy companies seeking to enter the market. African governments are implementing reforms and policies to create fair competition, however current global events in North Africa, the Middle East, and the Eurozone pose challenges to the growth of Africa’s energy economy, particularly its hydrocarbon sector. In order to succeed, the sector must diversify its energy sources and foster a well-nurtured, competitive environment. In response to this dynamic, BlackPace Group has focused on developing infrastructure that supports economic growth and development, including projects in transportation and utilities. The firm is active in Africa’s energy sector, working on its diversification and creating a competitive environment to support its growth. By investing in sustainable and efficient energy and infrastructure solutions, BlackPace Group is effectively contributing towards the socio-economic development of the region. Not only does BlackPace Group invest in agriculture, energy, and infrastructure to support socio-economic development, but the firm is also a leader in art asset management. The demand for art collection and the investment that goes with it is increasing, with sales having soared to over $85 billion in the last decade. The art market is now dominated by High Net Worth Individuals and Ultra High Net Worth Individuals, collecting pieces for both personal admiration and for investment. Many, now recognising the value of the sector, are now employing the services of experienced wealth advisors with core knowledge in art as an investment to assist with building collections. BlackPace Group’s Art Advisory Desk is well-versed in the sphere of art collection, preservation, and optimisation. It offers expert guidance and wealth advisory services for art collections, helping clients to invest in, manage, and optimise their art and collectables. The desk ensures that clients can make informed decisions and maximise the value of their collections by providing services related to the acquisition, preservation, and enhancement of art assets. Across all of its endeavours, BlackPace Group has demonstrated an unwavering commitment to driving human capital development, focusing on improving skills and education to support Africa’s socio-economic growth. By investing in the various sectors of agriculture, energy and infrastructure, and art asset management, the firm has created numerous new job opportunities, enhancing both the economy and quality of life for its local communities. The potato-chain projects being undertaken in Nigeria and Rwanda are shining examples of this work, which not only boost agricultural productivity but also provide training and employment for many local workers. Investing in these areas enables BlackPace Group to build a more skilled and capable workforce, which in turn contributes significantly to the overall development of the regions. Since its inception, BlackPace Group has remained at the very cuttingedge of innovative investment, continually seeking out new opportunities and avenues to explore. The firm has demonstrated a firm dedication to developing the socio-economic growth of various countries across Africa and has made great progress in fulfilling this mission. For its tireless pursuit of growth, and significant contributions to numerous sectors, BlackPace Group has been recognised as the Most Trusted Investment Solutions Advisory Firm 2024 – Nigeria. Contact: O’Paul Andrew Company: Blackpace Web Address: https://www.blackpace.net/ Sep24229 BlackPace Group is a diversified enterprise management, investment solutions, and an advisory firm with a focus on Africa. A leading multidisciplinary firm, BlackPace Group delivers innovative investment solutions across various sectors, including natural resources, agriculture, technology, infrastructure, human capital development, and the creative sectors. As BlackPace Group is named in the Fund Awards 2024, we take a closer look at the firm’s outstanding offerings.
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