By Hilary Mare
HANGALAPRESCIENT, formerly known as EMHPrescient was this week formally launched in Windhoek
HangalaPrescient is a joint venture between Hangala Capital, the financial services arm of Hangala Group, and Prescient Holdings.
The shareholders recognised the need to align HangalaPrecient to its established underlying identities and thereby enhance customer brand recognition and loyalty, and reinforce the commitment of the shareholders to provide Namibian customers with home-grown financial and investment solutions, complimented by best practise, international expertise, services and products.
HangalaPrescient has been operating in Namibia since 2011 in investment management and established a private equity business in 2016. The company employs eight people at its Head Office in Windhoek and has been able to distinguish itself from its peers through its unique and specialized investment philosophy and investment offerings.
This is elegantly explained by HangalaPrescient’s Chief Executive Officer, Alfreda Wentworth, who states that: “Our success lie in the strength of our clearly defined investment process, which will remain unchanged. We remain committed to our investment philosophy and process and prioritising our clients’ interests. Our investment philosophy is centred on capital preservation, robust risk management practices and consistently striving for real returns for retail and institutional investors”.
In the private equity offering, HangalaPrescient has established HangalaPrescient Infrastructure Manager (Pty) Ltd which has successfully raised N$500 million for infrastructure financing in the sectors of energy, ICT, water, transport, health and education. This is a debt mandate with a quasi-equity provision.
Herman Steyn, Executive Chairman of the Prescient Group, said that Prescient Holdings remains committed to Namibia. “Since Prescient’s entering of the Namibian investment market in 2011, we have been happy with the progress made thus far with regard to returns to our retail and institutional investors, the management of the financial sector market by the Regulator and the general governance climate of the country by the Namibian Government. Together with our local partners, we are committed to be a sizable player in the Namibian financial sector and thereby contribute to its development and growth as we bring to it modern investment management technology and the associated products and services that will ensure solid returns to our investors”, he stated.
Dr. Leake Hangala, Executive Chairman of Hangala Group explained that the Hangala Group has secured a multinational technical partner with the best global standards and practices. These practices and standards combined with our Namibian expertise ensure that we are able to provide our retail and corporate clients with the best services and innovative products.
“HangalaPrescient became part of the DNA of the country’s financial services anatomy and will thus significantly contribute to the Namibian capital market development, job creation and economic growth. Our objective is to ensure that HangalaPrescient brings appropriate financial solutions to all Namibians across the country. We are excited that the company will continue to play a pioneering role in the private equity sector which will see private capital invested in our country’s much needed infrastructure development, expansion and maintenance.”
HangalaPrescient manages three unit trust funds, the HangalaPrecient Money Market, Income Provider and Absolute Balanced Funds.
“We are inviting Namibian pension funds, medical schemes, companies and individuals to invest with HangalaPrescient. We offer investors the best of both worlds, a real Namibian footprint backed by global expertise, ensuring investment growth with a focus on risk management,” the company said at the launch.
Hangala Group, a diversified Namibian company with interests in agribusiness, financial services, construction and properties, was established is 2009 and has become a recognised and respected Namibian brand. Prescient Holdings, a South African based global financial services business, was established in 1998 and has developed into a global brand.
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