Africa-focused credit investment firm Altica adds new partner

 Africa-focused credit investment firm Altica adds new partner

Altica Partners, an Africa-focused multi-sector investment and advisory firm, has appointed Andrew Ofori as a partner and a member of its investment committee.

Ofori will also lead private credit investments for the firm, Altica said in a statement Monday.

Prior to Altica Partners, Ofori worked at Standard Chartered as the Middle East and Africa head of structured credit and private side structuring. In that role, he led structured financings, private debt and derivative funding transactions.

He previously worked at Goldman Sachs’s emerging market financing and European special situations unit, where he led private capital investments and executed numerous private lending transactions.

Ebele Okeke, managing partner and CEO at Altica, said Ofori’s expertise in structuring, monitoring and risk management of private credit portfolios will be “invaluable” at the firm.

Okeke was previously executive director for Africa at Goldman Sachs in the fixed income, currencies and commodities division in London and Dubai. He joined Altica in 2016 after serving as the head of Middle East and Africa commodities and Sub-Saharan Africa cross-asset origination in the investment banking division of Credit Suisse.

Ofori will work on the flagship Africa Opportunities Fund targeting senior, mezzanine and uni-tranche investments in private businesses to help accelerate their recovery from the coronavirus pandemic.

Altica, which invests in public as well as private credit markets, also announced two new members of its senior advisory board—Andrew Gamble and Nick Tims.

Gamble worked as a lawyer and partner at Hogan Lovells LLP where he headed the Africa and international banking practices. He also advised the governments of Sierra Leone, Mozambique and Ethiopia on their World Bank debt reduction programmes, Nigeria on its Paris Club and London Club debts, and Ghana on the issue of inflation index-linked government bonds.

Tims is the founder of African advisory firm Kivu Capital and a former managing director at Investec Asset Management (now Ninety-One Plc). He had led Investec’s capital raising in African private markets across private debt, private equity, infrastructure credit and private real estate.

Like this post? To read more such news and insights and to get weekly updates, register for our free newsletter. For feedback, write to

Vivek Sinha

error: Content is protected !!
The Capital Quest