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The latest edition of The Top10 Magazine has released the list of the top ten international private investors in the Nigerian economy.
Lebanese investors seemed to be on the high side as the Magazine named the Chagoury brothers, Gilbert and Ronald of the Chagoury Group of companies, owners of the popular Eko hotels in Lagos and Eko Atlantic, a real estate company, Sunil Vaswani, Chairman of Stallion Group of companies, with investment interest across major sectors of the Nigeria economy, the Mahtani brothers, Mr. B. Mahtani and Mr. Vinay Mahtani, owners of the Churchgate Group of companies, Mr. Ramesh Hathiramani, Chairman Dana Group of companies, and Mr. Anwar Jarmakani, Chairman of Jagal Group of companies. Others are the Tung brothers, Mr. Lewis Tung and his brother Robert Tung, Chairman and Managing Director respectively of WEMPCO Group of companies, Mr. Haresh G. Aswani, the Country Managing Director of Tolaram Group of companies, the parent company of Dufil Prima, makers of the popular Indomie noodles among other investments, Mr. C.G. Vink, Chairman, Tropical General Investment (TGI) conglomerate, parent company of CHI Limited, producers of popular Chivita drinks, Mr. Ramesh Valechha, Chairman of Milan Group of companies, owners of the prestigious intercontinental hotel on Victoria Island Lagos and Mr. Haresh Keswani, the Chief Executive officer of Artee Group of companies, owners of SPAR Park n Shop, which operates in the hypermarket and supermarket retail format, operating in Nigeria’s three major cities of Lagos, Abuja and Port Harcourt.
A statement issued said “the role of these investors in the growth and development of the Nigerian economy is immense, being a major stimulatory force to the nation’s economic engine, hence our decision to beam special searchlight on their investment portfolios in the country and celebrate them as worthy partners in Nigeria’s quest for economy Eldorado”.
The list is contained in the latest edition of The Top10 Magazine which focuses on international private-family investors transforming the Nigerian economy. In a release signed by the publishers of the magazine, it stated that, “ Unlike portfolio traders that play a game of hit and run, these investors have held firm in this country for many years unshaken by the vicissitudes of economic growth and declines. With such a high level of commitment and consistency, they now constitute a formidable force in several aspects of the nation’s economic function. These crops of international private investors have looked beyond Nigeria’s institutional rankings to discover the great opportunities that its economy offers and have become major partners in the nation’s economic development effort”.
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