africa

Africa: Ultimus Holdings Restates Commitment to Harnessing Economic Opportunities in Africa


“We are quite optimistic about African economies given the abundance of available opportunities.”

Ultimus Holdings, a pan-African investment company looking to expand its investment portfolios across Real Estate & Construction, Services, Healthcare, Consumer & Industrial Goods, Financial services & ICT has restated its commitment to ensuring sustainable development in Africa, by investing heavily in different countries within the continent.

This was part of the submission made by the President/CEO of Ultimus Holdings, Dr. Ifeanyi Chukwuma Odii during a media parley by the company held in Lagos on Wednesday, November 25, 2020.

Speaking at the parley, Dr. Odii explained that the company is quite confident that Africa holds great potential for economic growth and as such would continue to play a leading role in harnessing the opportunities that could make the continent an economic superpower.

“We are quite optimistic about African economies given the abundance of available opportunities. As a business, we would continue to explore different areas in the rapidly evolving growing economies, not only to make a statement as a brand, but to contribute to further expansion. Moving forward, we would be making massive investments in sub-Saharan Africa that are targeted at addressing the peculiar needs of the African market”, he added.

He further noted that the company is strategically seeking opportunities for new businesses in strategic sectors, which would guarantee huge returns on investment while also acquiring businesses that visibly deliver solid value for its esteemed customers.

“Currently, Africa remains a strategic market for our business. We cannot afford to relax because we are aware of the impact significant investments would have on business growth and socio-economic development in Africa as a whole. We believe investment in critical sectors of the economy would not only create jobs for the youths but also help to improve the economic prosperity of the continent as a whole,” Dr. Odii said.

He called on the government in different economies within the continent to continue to support its expansion plan by creating the enabling environment for business to thrive.

Also speaking at the media parley; Vice President, Ultimus Holdings, Mr. David Ewemie equally stated he is confident of the company’s prospects in Africa particularly, based on the legacy of growth and a strong brand built over the years. According to him, the company, which is fast becoming a household name in Africa, currently boasts four subsidiaries in its portfolio and these include – The Classroom, Parla Di Lusso, Ultimus Construction and Viarmor.

The Classroom is the retail trading subsidiary of the company that caters to a mix of ambiance fitting solutions which bring interior and exterior spaces to life. In Ewemie’s words, “At the Classroom our brand promise is an appealing natural balance of luxury lifestyle products within your reach”

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