OSEI KWAME

OSEI KWAME

$142 Million

CHAIRMAN, DESPITE GROUP OF COMPANIES

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Age: 53

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Wealth: SELF MADE, MEDIA

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Known For: PEACE FM

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OVERVIEW

Osei 'Despite' Kwame's conglomerate began from humble beginnings in Kantamanto, where he distributed audio cassettes and later set up the first local language radio media station in Ghana called Peace FM. Peace FM later became the largest radio media in terms of listenership in Ghana. Kwame has ventured into other joint ventures with his business partner and close friend, Ernest Ofori, they set up a micro-finance company called Best Point Savings & Loans Limited.

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NET WORTH SUMMARY

Best Point Savings & Loans Limited had mobilized deposits to the tune of GH¢20.3 million within nine months of its operation in Ghana with over 20,000 clients.

It is believed that both Kwame and Ernest have interests and stakes in any company either of them sets up. Kwame set up the Despite Group and is the majority shareholder. The Group consists of Peace fM, Okay FM, Asomdwie FM, Neat FM, Hello FM, UTV, U2 Company Limited (Iodated Salt Production), Neat Foods Company Limited (which produces and markets NEAT Fufu, NEAT Banku, NEAT Abenkwan, NEAT Hausa Koko, NEAT Diary Products),  Atona Foods (Makers of This Way Chocolate Drink and This Way Motherlac and other products).

Ernest and Osei Kwame jointly purchased a 283 hectare salt mining project in Winneba.The project was developed at a cost of $ 2.3 million in 2003 and packages into the U2 brands of salt which is distributed across West Africa. U2 Salt mines has a potential capacity to produce 30,000 metric tonnes per annum.

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Visibility Ratings: B