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If you think that Africa might have some overlooked investment opportunities, but don’t know how to follow up on your hunch, that’s where Cyrille Nkontchou (MBA 1997) can help. His London-based company, LiquidAfrica Holdings, is a one-stop center for securities trading and for corporate and business information in countries across the continent.
Nkontchou (pronounced en-CON-choo) was born in Cameroon and moved to Paris with his diplomat parents when he was 13. Of his decision to earn an MBA from HBS, he told USA Today (February 9, 2004), “I thought it would help me go back to Africa and do something relevant.”
In 2000, Nkontchou, a veteran of Andersen Consulting and Merrill Lynch, started LiquidAfrica with $250,000 of his own money and $2.5 million from Modern Africa, a Washington-based private equity fund. Among his goals are helping to attract more institutional investors to Africa and modernizing its capital markets.
Prospects are intriguing: Last year, of Africa’s twenty stock markets, the indexes of Kenya and Uganda performed in the top ten globally, with Ghana’s stock market finishing number one in the world with a 144 percent gain in dollar terms. Stocks in those countries, and several others, Nkontchou noted, “were so cheap, you had to buy.”
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