Phoenix Africa

Commercialising development in frontier Africa

Phoenix Africa Development Company is dedicated to the reconstruction and development of frontier countries in Africa.

 

We are building a series of development businesses in the agriculture sector in the most neglected places on the continent. By mobilising international capital for seizing business opportunities in these frontier states, Phoenix Africa aims to become a major force for investing in stability in Africa whilst generating superior returns for our shareholders.

 

Our first business is Lion Mountains Agrico Ltd, in Sierra Leone. The rest of our pipeline will be announced in due course, please contact us if you wish to be kept informed.

 

52 Tottenham Street, London W1T 4RN, United Kingdom

+44 (0)20 7637 7655  -  contact@phoenixafrica.co.uk

Phoenix Africa Press Releases

10 June 2016

Phoenix Africa Development Company

(“Phoenix Africa” or “the Company”)

Lion Mountains Delegation received by President Koroma

 

Lion Mountains Agrico Limited (“Lion Mountains”), a subsidiary of Phoenix Africa, which develops large-scale commercial agriculture and is engaged in the farming, production and processing of rice and other crops in Sierra Leone, was received this week by the Sierra Leonean President, Dr Ernest Bai Koroma (“the President”), at the State House in Freetown.

The high-powered delegation was led by the Minister of Agriculture, Forestry and Food Security, Professor Monty Jones and consisted of: the former British High Commissioner to Sierra Leone, Paramount Chief Komrabai Peter Penfold; the Chairman of Phoenix Africa, the Hon Omobola Johnson; the Managing Director of Lion Mountains, Mike Gericke; and the Chief Executive of Phoenix Africa, Paddy Docherty.

The President assured Lion Mountains that it can expect to receive support from the Government in its business aspirations to grow and urged the Agriculture Minister to fast track the signing of the Memorandum of Understanding (“MOU”) between the Government and the company, in order for Lion Mountains to operate fully. 

During the assembly, the Minister of Agriculture, Forestry and Food Security, declared Lion Mountains to be a success story for Sierra Leone, and described the company’s marketing of small-pack rice as being of great value for ordinary people.

President Koroma, speaking about Lion Mountains’ efforts in Sierra Leone, commented:

“I am delighted that Lion Mountains has chosen to produce and process rice, a core food for the country, in Sierra Leone itself. This will help to establish a market which will provide easier access for the country’s citizens.

“We cannot fight poverty if we cannot get it right in the agricultural sector, particularly in rice farming.”

Mike Gericke, Managing Director of Lion Mountains, commented:

“Lion Mountains has big aspirations for the country.

“Our operations in Bo District and in Moyamba District have been developing very well, and we are looking forward to expanding across the country over the next few years.

“We want to thank the President for taking the time to speak with us and to welcoming Lion Mountains to Sierra Leone.”

The visit ended with the presentation to President Koroma of several bags of Lion Mountains rice, produced organically in Sierra Leone itself.

 

For further information, please contact:

Phoenix Africa

Paddy McK Docherty

Tel +44 (0)20 7637 7655

paddy@phoenixafrica.co.uk

Blytheweigh (Public Relations)

Tim Blythe/ Camilla Horsfall

Tel: +44 20 7138 3204

Camilla.horsfall@blytheweigh.com

 

23 May 2016

Phoenix Africa Development Company

(“Phoenix Africa” or “the Company”)

Phoenix Africa Secures Preferred Supplier Status from the World Food Programme

Phoenix Africa, the development Company which is dedicated to the reconstruction and development of post-conflict countries in Africa, focusing on Lion Mountains Agrico Ltd, in Sierra Leone, today announces that its Sierra Leone rice business Lion Mountains Agrico Ltd has secured preferred supplier status from the World Food Programme (WFP) of the United Nations.

This status, conferring the right to bid for WFP tenders in the country, cements the position of Lion Mountains as the largest rice milling operation in Sierra Leone, with an outgrower network of over 3,000 smallholder farmers. Lion Mountains is currently raising finance to expand into large-scale commercial rice production, and aims eventually to make Sierra Leone independent in food.

Paddy Docherty, Chief Executive of Phoenix Africa, commented:

“This is an exciting development for Lion Mountains, and gives us an excellent platform for building the business. We believe that there is a truly exceptional opportunity in the agriculture sector in Sierra Leone, and we are very pleased to be leading the charge in developing commercial food production in the country.

“Our rapid rise to the top position in rice milling demonstrates the value of the Phoenix Africa model – great opportunities are found in unexpected places.

“I look forward to further updates of our progress in due course.”

About Phoenix Africa: 

Phoenix Africa Development Company is dedicated to the reconstruction and development of post-conflict countries in Africa, where it is building a series of businesses in the agriculture sector. By mobilising international capital for seizing neglected business opportunities in these fragile states, Phoenix Africa aims to become a major force for investing in stability in Africa whilst generating superior returns for its shareholders.

The Company’s first business is Lion Mountains Agrico Ltd, in Sierra Leone.

 

For further information, please contact:

Phoenix Africa

Paddy McK Docherty

Tel +44 (0)20 7637 7655

paddy@phoenixafrica.co.uk

Blytheweigh (Public Relations)

Tim Blythe/ Camilla Horsfall

Tel: +44 20 7138 3204

Camilla.horsfall@blytheweigh.com

 

28 April 2016

Phoenix Africa Development Company

(“Phoenix Africa” or “the Company”)

Notice of AGM

 

Phoenix Africa, a Company dedicated to building development businesses in post-conflict countries in Africa, today announces that the Company’s AGM will be held on Friday 24 June 2016 at 15:00 in Mayfair. The location will be confirmed at a later date.

About Phoenix Africa: 

Phoenix Africa Development Company is dedicated to the reconstruction and development of post-conflict countries in Africa, where it is building a series of businesses in the agriculture sector. By mobilising international capital for seizing neglected business opportunities in these fragile states, Phoenix Africa aims to become a major force for investing in stability in Africa whilst generating superior returns for its shareholders.

The Company’s first business is Lion Mountains Agrico Ltd, in Sierra Leone

 

For further information, please contact:

Phoenix Africa

Paddy McK Docherty

Tel +44 (0)20 7637 7655

paddy@phoenixafrica.co.uk

Blytheweigh (Public Relations)

Tim Blythe/ Camilla Horsfall

Tel: +44 20 7138 3204

Camilla.horsfall@blytheweigh.com

 

19 April 2016

Phoenix Africa Development Company

(“Phoenix Africa” or “the Company”)

Appointment of Chairperson

 

Phoenix Africa today announces the appointment of Dr Omobola Johnson as Chairperson of the Company, effective immediately. The Company is dedicated to building development businesses in post-conflict countries in Africa, focusing initially on Lion Mountains Agrico Ltd, in Sierra Leone.

Omobola comes with a wealth of governance experience, and her expertise in Africa will strengthen Phoenix Africa’s position as a development company in the region. She will play a significant role in expansion of the Company as it enters its growth phase.

Alongside Phoenix Africa, Omobola will continue as a Partner at TLcom Capital, a venture capital firm with a focus on technology companies in sub-Saharan Africa. She also serves on the Board of several leading Nigerian and multi-national corporations, including FBN Merchant Bank and Guinness Nigeria, as well as being Chairperson of the Alliance for Affordable Internet and the Founding Chairperson and Trustee for Women in Management and Business.

From 2011 to 2015, Omobola was Minister of Communications Technology in Nigeria, focusing on the launch and execution of the National Broadband Plan and supporting the Nigerian technology industry.

Omobola has a strong academic background with a Doctorate in Business Administration from the School of Management, Cranfield University, as well as a Bachelor’s from the University of Manchester and a Master’s in Digital Electronics from King’s College, London.

Paddy Docherty, Chief Executive of Phoenix Africa, commented:

“I am delighted that Omobola has accepted the invitation to become the Chairperson of the Company. She is highly experienced and very well connected within Africa. Her experience on both the government and commercial side means that she brings an extraordinary wealth of experience to the Board and management.

“I believe her ability and expertise will be key in driving the Company into the next stage of development and I am confident that she will make an excellent Chairperson.

“The Board and I are very much looking forward to working with her.”

About Phoenix Africa: 

Phoenix Africa Development Company is dedicated to the reconstruction and development of post-conflict countries in Africa, where it is building a series of businesses in the agriculture sector. By mobilising international capital for seizing neglected business opportunities in these fragile states, Phoenix Africa aims to become a major force for investing in stability in Africa whilst generating superior returns for its shareholders.

The Company’s first business is Lion Mountains Agrico Ltd, in Sierra Leone.

 

For further information, please contact:

Phoenix Africa

Paddy McK Docherty

Tel +44 (0)20 7637 7655

paddy@phoenixafrica.co.uk

Blytheweigh (Public Relations)

Tim Blythe/ Camilla Horsfall

Tel: +44 20 7138 3204

Camilla.horsfall@blytheweigh.com