With Amethis Finance having taken a 33% stake in Velogic, Rogers’ logistics activity sector now aims to create a regional platform integrating the trade routes between Europe, the Indian Ocean region and East Africa. As Luc Rigouzzo reveals, the European capital investment company intends to be a long-term partner, contributing to Velogic’s local and regional development.
photos : deeneshen sabapathee
Our strategy is to enter into long-term associations with African companies enjoying strong growth, having proved themselves and needing long-term financing. Above and beyond financial backing, we support them in defining their strategies and help them build strategic and financial partnerships, thereby creating value for our partners and investors. Our proposition is not limited to capital investment as we also offer long-term debt arrangements, thereby overcoming the difficulties a large number of African businesses still encounter in obtaining access to loans.
Our investment policy is highly diversified by geography and sector, which is essential in a continent where countries and sectors remain subject to strong volatility. This long-term strategy goes hand in hand with our high expectations in terms of profitability. It continues to attract a substantial number of investors because Amethis Finance – which closed its most recent fundraising offer in June – has an equity and debt investment capacity of more than US$500 million.
A specialist in project funding
With degrees in both Agronomy and Finance, Luc Rigouzzo began his career in Mexico. He then held leading posts in the French Development Agency (AFD), PROPARCO (a development financial institution partly owned by the AFD), and the International Finance Corporation. He has also served on the boards of several agribusiness companies and on the AFD’s executive committee, as well as chairing European Development Financial Institutions (EDFI). He is also on the board of Danone Communities, a social businesses network.
Luc Rigouzzo was CEO of PROPARCO from June 2006 to December 2010 and then chief of staff of the French Ministry for Development until 2011, when he founded Amethis Finance.