NABIL EDMOND MOURKAZEL
$900 Million
EXECUTIVE CHAIRMAN, FINATRADE GROUP
Wealth: SELF MADE, COMMODITIES
Known For: RICEMASTERS, SULTANA
OVERVIEW
Nabil Moukarzel owns the most shares by value in The Finatrade Group which is one of the largest food manufacturing and food distribution companies in West Africa. Moukarzel’s company is Ghana’s largest distributor of food and importer of rice with its Rice Master and Sultana rice brands.
Finatrade, through its subsidiaries, distributes and markets raw commodities and frozen foods. It offers vegetable oil, sugar, rice, cocoa, meat, ice cream, dairy products, beverages, powdered milk, animal feed, tiles, granite, marble, false ceilings, sanitary and kitchen ware. Additionally, the company provides warehousing and logistics services. Finatrade is the largest commodity and distribution company in Ghana, with presence in seven West African countries. Moukarzel employs over 2,000 Ghanaians.
NET WORTH SUMMARY
Ghana Market Direct Ltd, a subsidiary of Finatrade Group, is an FMCG company which distributes well known international branded soft commodities and a range of own brands which includes Sultana, Rice Master, Bella, Delicio. Finatrade controls 50 percent out of the 70 percent of rice imports in Ghana.
Market Direct Limited directly services 8,675 customers from a fully integrated logistics operation comprising 16 warehouse with combined space of 20,000 sq. meters.
Finatrade is the largest importer of Ceres, AMARULA, CARLBERG, Countre Milk, Heinz and household care items from renowned suppliers and popular long-standing international brands like NIVEA and FAULTLESS.
Akuafo Adamfo a subsidiary of Finatrade is a licensed cocoa buyer and the second largest cocoa buying company in Ghana with a market share of 13 percent.
Davenport Developers has been a pioneering force in the real estate landscape since its inception in 1997. Davenport Developers owns and manages a high-quality investment portfolio of 60,000 square meters that include large residential communities, office buildings, retail centres, and warehousing facilities in West Africa.
SUCATRADE, a subsidiary of Finatrade are importers of chicken. Finatrade’s frozen foods division boasts a storage capacity of over 10,000 metric tons and a fleet of dedicated reefer vehicles.
Continental Commodity Trading Company (CCTC) another subsidiary signed a GH¢17 billion contract with House of Rhema, a local rice agent based in Afife to produce made in Ghana perfumed rice for local consumption. It further signed a GH¢2.5 billion contract with Messers O, another local rice agent to supply long grain non perfumed rice from Asutuare in the Eastern Region. CCTC's total capital contribution to local rice development in 2007 reached GHC1.95 million, the first in a kind by a soft commodity marketing company in Ghana.
The Group also own a $13 million state of the art pasta processing plant. The plant was built by Dry Foods Processing Limited; a member of Finatrade Group of Companies. This Company exports about 50% of its products to West African countries including Cote d'Ivoire, Togo, Benin and Sierra Leone.
A partnership between Finatrade Group and Distell Group based in South Africa has built and commissioned a GHC 16 million bottling plant to produce locally Hunters Gold, Savanna Dry cider, Knight Whisky.
The Finatrade Group has since 2003 initiated a GHC 9.4 million Agricultural Sector Student Scholarship scheme to assist brilliant but needy students to undertake undergraduate courses at the various state universities.
Finatrade's love for Information Communication Technology has led to the signing of a GHC 120000 deal with the Kofi Annan International ICT Centre of Excellence. All these form part of its corporate social responsibility towards economic and human life development.
Visibility Ratings: B
Nabil and his fellow Lebanese countrymen treat their Ghanaian employees like disposable objects. They don't respect them. They don't pay them well either.
ReplyDeleteThey especially don't pay their junior staff well, so some of their companies like CCTC and Market Direct have very high employee turnover. Workers quit all the time, and since they don't care for them, they just replace them with new workers...
Who also quit within few months ...
All their monies go to their Expats. They are given normal salaries, but very huge allowances...to avoid paying tax to Ghana, obviously.
Nabil and his fellow Lebanese countrymen treat their Ghanaian employees like disposable objects. They don't respect them. They don't pay them well either.
ReplyDeleteThey especially don't pay their junior staff well, so some of their companies like CCTC and Market Direct have very high employee turnover. Workers quit all the time, and since they don't care for them, they just replace them with new workers...
Who also quit within few months ...
All their monies go to their Expats. They are given normal salaries, but very huge allowances...to avoid paying tax to Ghana, obviously.
This is a very detailed post on Nabil that guy is so rich.
ReplyDeleteHe is amongst the people channeling Ghana economy.
This is very Nice Post
ReplyDeleteHello,
If you want to start making money on rice farming business, you can use this website company to generate steady money incomes of over $500 daily to backup your rice farming business online.
You can start making incomes profits of $100, $500, $1000 from virta stock trading http://www.virtatrade.com/index.php. to backup your rice farming business without you risking your money online and it is 100% profits making guarantee.
BELOW IS HOW THE MONEY MAKING FROM VIRTA STOCK TRADING WORK:
You buy your virta stock from this modern company platform at virta stock current market price and You will receive the next sales price you will use to sell your virta stock when the virta stock market price have risen up to meetup with your selling price in your trading account.
Once the virta stock market price have rise up to meetup with your selling sales price in your trading account, you will sell your virta stock at the market price and make your instant profit.
No RISK TRADING.
You can withdraw your profit daily from a minimum of $1 and above.
THE BUYING AND THE SELLING OF A VIRTA STOCK IS 100% PROFIT MAKING GUARANTEE
NO RISK
Virta stock trading does not involve risk trading where traders need to trade with either to loss or gain.
All you do is to sell your virta stock and make your instant profits.
I make my every day profits incomes of $100 from the buying and the selling of virta stock as my extra source of incomes to my bitcoin wallet every day as a sport stake.
I recommend this trading platform for you as your alternative source of incomes making.
Visit and register with the company website here http://www.virtatrade.com/index.php and test their platform with just $1 and see how it work great for profits incomes making online.