{"id":42963,"date":"2023-07-19T11:44:14","date_gmt":"2023-07-19T11:44:14","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/angola-gemcorp-to-establish-asset-manager-opportunities-in-mozambique"},"modified":"2023-07-19T12:16:12","modified_gmt":"2023-07-19T12:16:12","slug":"angola-gemcorp-to-establish-asset-manager-opportunities-in-mozambique","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/angola-gemcorp-to-establish-asset-manager-opportunities-in-mozambique","title":{"rendered":"Angola: Gemcorp to establish asset manager, opportunities in Mozambique"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>British fund manager Gemcorp, which has been operating in Angola for almost ten years, wants to manage assets as a local company and is identifying opportunities in other Portuguese-speaking countries, such as Mozambique.<\/p>\n

In an interview with Lusa, Gemcorp CEO Atanas Bostandjiev said he was \u201cvery interested\u201d in investing more in the financial sector in Angola and applied for a licence to manage assets locally.<\/p>\n

\u201cWe are a UK-based asset manager, and we also want to be a local manager to bring foreign funds and contribute to the development of the local capital market,\u201d he said, adding that the administrative procedures for granting the licence are underway.<\/p>\n

With this licence, Gemcorp will be able to conduct the investment activities that are currently being done from London, with a team of local managers \u201cto bring more knowledge and hire local talent\u201d and train people in the investment sector.<\/p>\n

Atanas Bostandjiev emphasised that Angola is Gemcorp\u2019s \u201chub\u201d in Africa, where in addition to investments in energy (Cabinda refinery), they are focused on financing other strategic projects for the government, such as the project to combat drought in Cunene (southern province), agriculture and mining.<\/p>\n

\u201cThese are our main areas of interest\u201d, he emphasised.<\/p>\n

These include a partnership with the state diamond company Endiama to boost the potential of Mulepe, located in Lunda Norte, which contains significant alluvial deposits and kimberlites.<\/p>\n

\u201cWe are finalising the investment plan to start the operation. We will announce it very soon,\u201d said Gemcorp\u2019s founder.<\/p>\n

On Angola\u2019s current economic situation, characterised by rising prices and sharp currency devaluation, he said he has a long-term vision for the country.<\/p>\n

\u201cWe started investing in Angola in 2014, and since then, the Angolan economy has gone through several cycles, some of greater difficulties and others of improvements. Our strategy is to be a long-term strategic partner. We believe in the potential of the Angolan economy. We believe that the country deserves the best, and for Angola to have the best, it needs investors like us to bring capital and knowledge,\u201d he said.<\/p>\n

\u201cWe are not concerned with short-term fluctuations, but rather that the government understands that it has to make the right structural reforms to attract investors and facilitate the coming of foreign investors and capital,\u201d he continued, stressing that Gemcorp wants to \u201ctake advantage of the opportunities that the market creates\u201d.<\/p>\n

Presenting himself as a pan-African investor, the Gemcorp leader says he was aware of other countries in Africa, namely Mozambique.<\/p>\n

\u201cYes, we are interested. We are identifying the right opportunities,\u201d he told Lusa.<\/p>\n

Kenya is another African country where Gemcorp is investing, having recently acquired a minority stake in one of Africa\u2019s largest wind power projects.<\/p>\n

Atanas Bostandjiev said that Africa is one of the central continents, but it is not the only focus of Gemcorp, which also looks to Eastern Europe (where he himself is from) and other emerging markets such as Southeast Asia and Latin America.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. British fund manager Gemcorp, which has been operating in Angola for almost ten years, wants to manage assets as a local company and is identifying opportunities in other Portuguese-speaking countries, such as Mozambique. In an interview with Lusa, Gemcorp CEO Atanas Bostandjiev said he was \u201cvery interested\u201d in investing more in the […]<\/p>\n","protected":false},"author":84,"featured_media":42962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-42963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nAngola: Gemcorp to establish asset manager, opportunities in Mozambique - Mozambique<\/title>\n<meta name=\"description\" content=\"British fund manager Gemcorp, which has been operating in Angola for almost ten years, wants to manage assets as a local ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/angola-gemcorp-to-establish-asset-manager-opportunities-in-mozambique\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Angola: Gemcorp to establish asset manager, opportunities in Mozambique\" \/>\n<meta property=\"og:description\" content=\"British fund manager Gemcorp, which has been operating in Angola for almost ten years, wants to manage assets as a local ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/angola-gemcorp-to-establish-asset-manager-opportunities-in-mozambique\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-19T11:44:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-19T12:16:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1689752726.421825.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/angola-gemcorp-to-establish-asset-manager-opportunities-in-mozambique#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/angola-gemcorp-to-establish-asset-manager-opportunities-in-mozambique\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Angola: Gemcorp to establish asset manager, opportunities in Mozambique\",\"datePublished\":\"2023-07-19T11:44:14+00:00\",\"dateModified\":\"2023-07-19T12:16:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/angola-gemcorp-to-establish-asset-manager-opportunities-in-mozambique\"},\"wordCount\":512,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/angola-gemcorp-to-establish-asset-manager-opportunities-in-mozambique#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1689752726.421825.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/angola-gemcorp-to-establish-asset-manager-opportunities-in-mozambique#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/angola-gemcorp-to-establish-asset-manager-opportunities-in-mozambique\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/angola-gemcorp-to-establish-asset-manager-opportunities-in-mozambique\",\"name\":\"Angola: Gemcorp to establish asset manager, opportunities in Mozambique - 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