NIK AMARTEIFIO

NIK AMARTEIFIO

$163 Million

CHAIRMAN, EQUATORIAL CROSS ACQUISITION 

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Wealth: SELF MADE, INVESTMENTS

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Education: WESLEYAN UNIVERSITY, BACHELOR’S DEGREE, ECONOMICS, HARVARD UNIVERSITY, MASTER’S DEGREE, BUSINESS ADMINISTRATION, FINANCE & MARKETING

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Known For: DANNEX, CITI FM, STARWIN

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OVERVIEW

Nik Amarteifio is a co-founder and promoter of a host of business ventures spanning a cross-section of sectors in Ghana and across Africa. The sectors include mining, telecommunications, pharmaceuticals, and agribusiness.

Nik is the chairman and majority shareholder of Equatorial Cross Acquisition Limited (ECA), an investment holding firm and principal shareholder of Dannex Limited, a Ghanaian pharmaceutical manufacturing company and Omni Media, Owners of Citi FM and the Globe News Paper. He is also currently the Vice Chairman of Ghana Agro Foods Company (GAFCO). Nik's business portfolio has included being the local partner with Telenor Managing Partners which managed Ghana Telecom from 2002-2007; He has also invested for initial private placement of shares in Zenith Bank Ghana Limited, presently one of the fastest growing banks in Ghana.

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NET WORTH SUMMARY

Nik Amarteifio is known for being the owner of Citi FM, one of Ghana’s leading radio media broadcasters in Ghana. Citi FM is the third largest radio station in Ghana.

Nik is a seasoned entrepreneur who has been involved in many domestic and international transactions within different industries like mining, real estate, telecommunication, oil and gas. Through his investment vehicle, ECA, he has invested in many companies including International Gold Resources, Magnesium Alloy Company Limited and African Selection Company. 

In 2000 ECA Investment Holdings, took over the ailing Dannex Limited by buying 80% of the shareholding, with the remaining 20% held by the Government of Ghana. The strategic takeover was followed by a restructuring of the company’s operations in 2005. With annual revenue of US$4 million (2011), Dannex employs 170 people.

Dannex became DannexStarwin when the former acquired majority shares in Starwin Products, another pharmaceuticals giant in Ghana at a cost of GHC 5,566,802.16 million. Dannex owns 68.64% stake in Starwin Products.

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Visibility Ratings: B