Friday, November 29th, 2013
SEOUL, KOREA - Korea's first consulting company for those interested in investing in Africa has been established. Make Namoo Partners, founded jointly with private equity fund Namoo Corp. and consulting group Make Group, will specialize in dispensing with advice related to African projects in such areas as resource deals, market development, and risk management.
Namoo Corp. is a fund management company established last month by private equity fund firm TStone Corp. in order to focus on global resource development, social overhead capital, and developing country financing deals. TStone Corp. is led by Min Yoo-sung, former KDB Financial Group chairman.
Meanwhile, Make Group has already consulting projects in power plants, road construction, and mobile telecom in West Africa. The group focuses on areas in Africa in the west, including the 15 member nations of the Economic Community of West African States (ECOWAS) as well as South Sudan.