Source - LSE Non-Regulatory
RNS Number : 6843E
Prime Africa Trade Pte Ltd
18 September 2024
 

Prime Group Announces $60 Billion Investment Fund for Oil Exploration, Mining, and Agriculture in Africa

 

Singapore, Prime Group, led by CEO Karim Bouhout, is pleased to announce the launch of a $60 billion fund focused on strategic investments in oil exploration, mining, and agriculture across Africa. This landmark initiative aims to drive sustainable economic development by capitalizing on Africa's vast natural resources while advancing responsible investment practices.

 

The fund is designed to propel significant growth in Africa's resource sectors, meeting the rising global demand for energy and agricultural commodities, while also generating employment and fostering economic activity across the continent. Prime Group is committed to balancing profitability with positive environmental and social outcomes by prioritizing responsible and sustainable investment approaches.

 

Prime Group has been advancing African market opportunities to global investors for over a decade now, and with succession of its CEO Karim Bouhout the group is now closer than ever before to empowering African businesses and markets to new heights.



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Photo: With Karim Bouhout

 

"This fund represents a transformative opportunity for both Prime Group and the African continent," said Karim Bouhout, CEO of Prime Group. "Our vision is to unlock the immense potential within Africa's natural resources while empowering local communities and promoting innovation in key sectors. We are dedicated to creating long-term value by driving sustainable practices in oil exploration, mining, and agriculture."

 

Prime Group's $60 billion fund will target projects that adhere to international sustainability standards, focusing on technological advancements in resource extraction and modern agricultural practices. The firm will work closely with African governments, local businesses, and communities to ensure that these investments contribute to meaningful and lasting social and economic benefits.

 

With global demand for energy and food projected to increase, Africa is poised to become a key player in addressing these challenges. Prime Group's investment strategy is designed to position the continent as a leader in the global market while ensuring resources are developed in an environmentally responsible and economically viable manner.

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 Photo: Karim Bouhout

 

About Prime Group

 

Prime Group is a leading investment firm specializing in resource development, with a focus on sustainable investment strategies. The firm is committed to driving economic growth while prioritizing social and environmental responsibility. Through strategic investments, Prime Group aims to make a positive impact on the regions in which it operates.

 

Prime Group works with international investors in commodity trading, industrial and infrastructure development, agriculture, logistics hospitality and art. Prime Group's objective is to manage and deploy capital into the most profitable areas specifically focused within African markets, and extract great long-term returns for its shareholders and investors.

 

To learn more about Prime Group, visit: https://www.primeinvestmentslimited.net.

 

Stankevicius Media Relations Contact

 

For interviews with CEO Karim Bouhout or additional information, please contact business@stankeviciusmgm.com.

 

Stankevicius Pacific Limited "Stankevicius MGM" is a professional media marketing company providing strategic PR and advertising services.

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