Okey Enelamah
Okechukwu (“Okey”) Enelamah is a founder and the Chairman of African Capital Alliance. Okey has over 30 years of experience in the private equity, investment banking and consulting industries. Okey began his private equity career in New York and Johannesburg working with Zephyr Management, L.P. and South Africa Capital Growth Fund (predecessor to Brait), respectively. Prior to beginning a career in private equity, he gained experience at Goldman Sachs in New York and London and Arthur Andersen in Nigeria. Okey has served on or chaired the boards of several companies including Cornerstone Insurance Plc, UAC of Nigeria Plc and Landmark Property Development Company Limited. He has also served on the boards of industry groups including Emerging Markets Private Equity Association (EMPEA) and Africa Venture Capital Association (AVCA). Okey served as Minister of Industry, Trade and Investment for the Federal Government of Nigeria between and
Source: African Capital Alliance on 04/25/
Okechukwu ‘Okey’ Enelamah emerged as a surprise addition to President Buhari’s list of ministers.
His emergence has sent waves of enthusiasm and a sense of renewed goodwill for the President among the investor and analyst community.
Professionals see him as one of the very bright spots in the cabinet and are excited about the prospects of having his invaluable insight and global financial expertise in Nigeria’s government. Some have tipped him to bag the position of finance minister.
Here is what we know about him:
1. He was nominated by VP Osinbajo:
Among the 37 nominees put forward by the various interests groups within the presidency, he was the only candidate nominated by Vice President Osinbajo.
2. He is a pastor
Just like the Vice President Osinbajo, Okey Enelamah is active in his local church, serving his congregation in a pastoral capacity.
3. He is one of the first few to hold the CFA certification in Nigeria
Okey was one of the first few people in the country to bag the designation of a Chartered Financial Analyst.
He was awarded his CFA charter as far back as September
4. He is a luminary in the world of finance and investment
With five funds a
Okechukwu “Okey” Enelamah is a former Nigerian Minister of Industry, Trade, and Investment () and founder of African Capital Alliance, a pan-African private equity firm based in Nigeria. Enelamah opens his interview by reflecting on his formative experiences at Government College Umuahia, a secondary school in Umuahia in Nigeria. He went on to undertake a training as a medical doctor. In this interview, Enelamah explains that after working a few brief years in medicine, he was drawn towards business and finance. In , he joined the local affiliate of Arthur Andersen where he retrained as an accountant, and in , he joined the MBA program at Harvard Business School. After graduating in , Enelamah returned to Africa and began a career in private equity.
In , just as South Africa was transitioning out of the apartheid system, Enelamah joined forces with Thomas Barry, the former President and CEO of Rockefeller & Co. (an investment management firm owned by the Rockefeller family) and a pioneer of emerging markets private equity. They formed a major regional private equity fund.
Enelamah moved back to Nigeria where he founded African Capital Alliance in At this time, the concept of
In Profile: Okechukwu Enelamah, chairman and founder of African Capital Alliance
Published: October 25,
Okechukwu (“Okey”) Enelamah is the chairman and founder of African Capital Alliance, a private equity firm founded in After more than 30 years in the industry, including a term in government, he is looking forward to the next chapter of Africa’s transformation.
Back in , when Okechukwu (“Okey”) Enelamah founded African Capital Alliance (ACA), Africa’s private equity landscape was not what it is today. Although there had been a smattering of private equity funds, focused on South Africa, they were a relatively new idea and large parts of the continent were untouched by them.
“You need to give investors a good macro story in order to raise private equity,” Enelamah tells EMEA Finance. “When we decided to go for Nigeria and West Africa – which was what African Capital Alliance was founded to do originally – Nigeria had a military head of state, and it wasn’t a country that investors were pouring into. The question was, how would you be able to raise capital at this time?”
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