Creating Shared Value for Sustainable Growth in our Markets

Lagos

Creating Shared Value for Sustainable Growth in our Markets

Accra

Overview

Verod is a leading West-African private equity investor seeking to partner with fast growing companies, led by strong, result driven management teams, and which have the potential to become large, dominant and sustainable enterprises. We are focused on creating economic value, and also resolutely committed to creating jobs, promoting gender equality and supporting environmental sustainability. We are active across various sectors, including but not limited to light manufacturing, consumer goods, business services, agriculture, education, healthcare and financial services.

About Us

History

A firm with a rich, long-standing entrepreneurial culture, Verod was founded in 2008 as an investment boutique operating out of West Africa.  In its infancy, Verod raised capital on a deal-by-deal basis.

In 2014, in response to the growing opportunities in West Africa and conversely, the increased appetite of foreign institutional investors looking to expand into new markets, Verod transitioned into one of the truly indigenous Private Equity firms in West Africa. Following a successful capital raising drive in a particularly challenging macroclimate in Nigeria and West Africa as a whole, the firm exceeded its original target fund size, and Verod Capital Growth Fund II launched as the largest first time fund in Nigeria’s history.

Verod is backed by a rich blend of mainly foreign and institutional investors including pension funds, sovereign wealth funds, insurance companies, asset management firms, fund of funds, family offices and development finance institutions (with extensive experience supporting Fund Managers across emerging markets).

Our Approach

Verod continues to remain true to its original mission of partnering with businesses to harness opportunities within West Africa.

Verod looks to actively drive economic development across key industries; opportunistic by nature, the firm has developed a deep understanding of its local market and its track record to date demonstrates its ability to select high quality deals based on well thought-through investment strategies. Through proprietary research and its deep network of regional industry professionals and financial institutions, Verod is able to source attractive, at times off-market investment opportunities exhibiting strong potential for marked growth in earnings.

Overall, Verod strives to be economically and socially responsible in both its for-profit and non-profit endeavours and at its core strives to generate attractive risk-adjusted returns. One of the firm’s key philosophies is its belief that successful investing is not incompatible with responsible investing; indeed, Verod believes it is simply plain good business.

Brief Overview of Investment Process

Verod consistently follows a transparent and disciplined process in identifying, selecting and pursuing investment opportunities. Once the respective Financial, Commercial, Legal and ESG Due Diligence reviews are finalised, results are presented to Verod’s Investment Committee (which includes an outside, independent member), which makes investment recommendations.

Leveraging its in house transactional advisory expertise, the firm aims to negotiate and structure investments to provide the necessary framework for growth, and typically takes an active role in monitoring and managing portfolio companies to execute on the business plan and position the portfolio company for a successful exit.

Overall, the investment process typically includes deal sourcing, deal screening, rigorous due diligence, structuring and financing. Once an investment is made, the respective deal team stays actively involved in each business to direct, monitor and increase the value of portfolio investments from the period of investment to exit. Verod will typically look to achieve significant capital appreciation within the medium to long-term, and on the whole, will look to:

  • Mitigate risk, in the event the portfolio company underperforms (e.g: ensuring adequate protection in a minority equity holding by negotiating adequate control rights to influence key decisions such as strategy, operating capital budgets and the selection and evaluation of senior managers);
  • Incentivise management to grow the value of the business; and
  • Develop the portfolio company’s overall internal controls and governance towards international best practices.

BRIEF OVERVIEW OF INVESTMENT STRATEGY

As mentioned, a key part of Verod’s core strategy is to develop sector leaders, with a focus on companies with the potential for strong growth.

The firm will seek to invest equity or equity-linked instruments with downside protection typically in high-growth middle market opportunities in Sub-Saharan Africa, primarily West Africa. The firm aims to build a diverse portfolio across several fast-developing industries including but not limited to, Consumer Goods and Services, Financial Services, Light Manufacturing, Agribusiness, Business Services and Education.

The Firm targets investment opportunities in companies that typically possess:

  • Proven business models;
  • High growth market potential;
  • Profitability or ability to quickly reach profitability after funding;
  • Strong and motivated management or the ability to institute such strong management;
  • Strong company governance and ESG standards or the ability to implement such standards after investment;
  • Capacity to generate significant free cash flow for reinvestment or shareholder return; and
  • Potential to become leaders within applicable sectors.

Our team

The firm is led by partners with significant combined experience and expertise in investing and operating businesses in West Africa.

The wider Verod team is composed of a high caliber, diverse group of professionals with complementary strengths and depth of experience in investing and supporting operations of partner companies.

The firm is led by partners with significant combined experience and expertise in investing and operating businesses in West Africa. The wider Verod team is composed of a high caliber, diverse group of professionals with complementary strengths and depth of experience in investing and supporting operations of partner companies.

The wider Verod team is composed of a high caliber, diverse group of professionals with complementary strengths and depth of experience in investing and supporting operations of partner companies.


Danladi Verheijen
Managing Partner & Co-Founder
Danladi is a Co-founder and Managing Partner of Verod. Prior to founding Verod, Danladi held roles at Citibank Nigeria, Ocean and Oil Holdings, and at McKinsey & Company. He is a Director of DTRT Apparel Ghana, Shaldag Limited, and Niyya Farm Group. Danladi also sits on the board of the African Venture Capital Association (AVCA) and the Private Equity and Venture Capital Association of Nigeria (PEVCAN). He was named a Young Global Leader by the World Economic Forum in 2014. He received a B.Sc. in Electrical Engineering from Calvin College, an M.Sc. in Engineering-Economic Systems & Operations Research from Stanford University, and an MBA from Harvard Business School.

Eric Idiahi
Partner & Co-Founder
Eric is a Co-founder and Partner of Verod Capital Management Limited. Prior to founding Verod Capital, Eric was the co founder and managing partner of Fountainhead Media Group, an investment and advisory firm focused on the Technology, Media and Telecoms sector in Nigeria. Eric previously worked at Financial Derivatives Company Limited. He is a Director of Tangerine Life Insurance, Tangerine Pensions, Central Securities Clearing Systems Plc, Emzor Pharmaceutical Industries Limited, Greensprings School Limited and Transnational Academic Group, Ghana. He is also on the Board of Regents of Harris Manchester College, Oxford University. He received a B.Sc in Economics from the University of Houston, Texas and an MBA from Saïd Business School, University of Oxford, Oxford, England.
Nieros Oyegun Soerensen
Partner & Chief Operating Officer
Nieros is a Partner and the Chief Operating Officer of Verod. Prior to joining Verod, Nieros headed up
The Africa List and Nigeria coverage at CDC Group. She was previously the Head of Corporate Finance
and Investor Relations at LADOL and has a background in infrastructure project finance and corporate
strategy from Macquarie, alternative asset management from New Holland Capital, and banking from
Goldman Sachs & Co. She is a director of Tangerine Financial Holdings, Bestseller Foundation, and
Talawa Theatre Company. She received a B.Sc. in Mathematics and Economics from Columbia
University and an M.Sc. in Finance from London Business School, where she serves on the Dean’s
Alumni Council.
At Verod, Nieros is on a mission to build an effective institutional organisation and create an environment
where every team member can succeed.

Daniel Adeoye
Principal & Head of Investments
Daniel Adeoye leads the Investment Team for the Private Equity Group. He spearheads origination efforts; and, collaborating closely with founders, CEOs, and senior management teams, supports partner companies to accelerate growth and execute value creation plans. 

Daniel joined Verod in 2009 from Zenith Capital Management, where he specialized in equity and debt offerings, strategic advisory initiatives, and M&A. He works with the firm’s investments in Greensprings School, Rainbow Educational Services and Central Securities Clearing Systems Plc (NASD: SDCSCSPLC) and sits on several Boards, including: the Boards of Daystar Power group, Tangerine Pensions, APT Pensions and Rotoprint. He was actively involved in Verod’s investments in GZI, Rotoprint, Sac Oil (JSE: SCL), HFP Industries, African Lifestyle, and Transnationals Academic group. 

Daniel holds a BA (Hons) in Economics from Ahmadu Bello University and an MBA from Kellogg School of Management, Northwestern University. Daniel is a member of the Institute of Directors.
Wale Odusanya
Senior Vice President, Investments
Wale is a Senior Vice President on the Investment Team. Prior to joining Verod, Wale was the Head of the Financial Advisory Team at Stanbic IBTC Capital Limited, where he spent more than a decade participating in some of the most groundbreaking deals in the Nigerian market. Wale has significant experience in originating, structuring, executing and negotiating mergers, acquisitions, divestitures and corporate restructurings. His experience spans across industry segments including financial services, consumer products and consumer services. He received a B.Sc. (First Class) in Accounting from the University of Lagos and is a charter holder of the Chartered Financial Analyst (CFA) program.
Trish Amoah-Ntim
Senior Vice President, Investments
Trish is a Senior Vice President on the Investment Team leading the Ghana office. Prior to this, Trish was a Manager in Financial Advisory at Deloitte and Touche (Ghana) where she managed engagements across Corporate Finance, Transaction Services and Valuation & Modelling. Prior to Deloitte, she worked with Verod as a Manager in Lagos and before that, in London with Deutsche Bank, HSBC and Lehman Brothers. She received an MBA from Harvard Business School, an MSc in Finance and Private Equity from The London School of Economics and a BSc (Hons) in Applied Business Management from Imperial College London. Trish is also a CFA Charterholder.

Olawunmi Abiodun
Vice President & General Counsel, Corporate
Olawunmi is a Vice President and the Head of the Legal Team. She is General Counsel, Corporate; and also the Company Secretary. Prior to joining Verod, she was an Associate Legal Officer with the UN International Criminal Tribunal for the Former Yugoslavia in The Hague where she advised on international law, diplomacy and policy matters. Prior to that, she worked as an Associate with Matrix-Solicitors, where she advised clients on a wide range of corporate and commercial transactions. She received an LLB degree from Obafemi Awolowo University and an LLM in International and European Law, with specialization in International Trade & Investment Law from the University of Amsterdam. She was admitted to the Nigerian Bar as a Barrister and Solicitor of the Supreme Court of Nigeria in 2004, and is a member of the Chartered Institute for Securities and Investment (UK).
Malvika Kapoor
Vice President, Investments
Malvika is a Vice President on the Investments Team. Prior to joining Verod she was Managing Director of Vital Products Plc, where she re-structured the business, established systematic and technological processes for recruitment and other key business activities and led the transformation of major existing brands and built a range of new brand. She remains on the board of directors of Vital Products Plc.

Malvika has a background in Corporate Social Responsibility at Sedex Global (UK) and Private Wealth Management at Deutsche Bank; Alfred Herrhausen Gessellschaft (AHG) in Berlin. At Sedex, she engaged with SMEs/FTSE 350 companies to provide technology solutions on their requirements around supply chain risk, sustainability, and brand risk. At the AHG Malvika focused on new forms of governance as a response to the challenges of the 21st century. She worked closely with LSE Cities, an international investigation service of social dynamics of cities centered on research initiative and Policy-Network a leading think-tank promoting solutions for developing economies partnering with the UK.

Malvika has a masters degree in Town and Country Planning from New York University, a second Masters in Psychology from the University of Westminster UK and a Bachelor’s degree in Urban Planning, Design & Management from University College London. She has attended multiple next generation courses at Credit Suisse, Deutsche Bank and Citibank, PWC, becoming a member of the Young Investors Organization and an active member of the alumni.
Yanish Bondahjagalu
Chief Financial Officer
Yanish is a Vice President and the Chief Financial Officer at Verod. Prior to joining Verod, he was the Chief Operating Officer (Mauritius) at LeapFrog Investments Group Ltd. He had also served as Chief Operating Officer at Omega Global Mauritius Ltd, Yanish has held various senior leadership roles and directorships on the boards of global investment firms. He holds a Bachelor Degree in Management with Finance and an MBA with specialization in International Business both from the University of Mauritius. He is a member of the Mauritius Institute of Professional Accountants (MIPA) and a Fellow of the Association of Chartered Certified Accountants.

Dipo Okuribido
Vice President & General Counsel, Commercial
Dipo is a Vice President within the Legal Department, and the General Counsel, Commercial. Prior to joining Verod, he was a Senior Associate at Banwo & Ighodalo, where he worked in the Energy, Tax, Capital Markets and Finance Practices. He has more than seven years experience advising a wide range of clients on M&As in breweries, oil and gas, manufacturing, and fast-moving consumer goods sectors. He received an LLB from the University of Lagos, and is currently studying part-time for an MBA at Gies College, University of Illinois, Urbana-Champaign. He is an Alumnus of the International Lawyers for Africa Programme.
Chigozie Ejimogu
Manager, Sustainability
Chigozie is a Manager on the Sustainability team. He leads ESG efforts in Verod and partner companies. Prior to joining Verod, he was the Country Environment Manager at Coca-Cola Hellenic (CCH) Nigeria. He had previously worked within the Oil & Gas servicing sector - Laser Engineering, Fugro Nigeria Limited and Tilone Subsea Limited; where he held various Environmetal roles. Chigozie obtained his first degree in Environmental Technology from the Federal University of Technology, Owerri and has a post-graduate Diploma in International Environmental Law from the United Nations Institute for Training and Research. He is a Certified professional in Environment & Social Risk Analysis (ESRA) and Process Systems (ISO 14001, 45001, 5001, 9001). He is an IRCA Certified Lead Auditor and has earned the NEBOSH International Technical Certificate, NEBOSH IGC and Advanced Environmental Management Certificates.
Anuoluwa Ife-Olatunji
Manager, Human Resources
Anuoluwa is Lead: Human Resources Value Creation, where she drives the provision of strategic HR support and value creation to Verod and its partner companies. Prior to joining Verod, Anuoluwa was the Head: Organisation Design and Strategy at Bridge Clinic, where she was responsible for strategic HR Advisory, Organisation Design, and Project Management at a group level across Bridge Clinic and its associated operating companies. Prior to the Bridge Clinic, Anuoluwa was a senior management consultant at KPMG Nigeria where she led and participated in People and Change engagements for various organisations. Prior to KPMG, she was a brand management executive at Skye Bank (now Polaris Bank).

Anuoluwa received a B.Sc. in Public Relations from Covenant University and an M.Sc. in Marketing and Strategy from Warwick Business School (University of Warwick). She is an Associate Member of Chartered Institute of Personnel Management of Nigeria (CIPM) and is a certified HR Practitioner.

Kehinde Osileye
Manager, External Liaison
Kehinde is the Lead, External Liaison where she is responsible for effective management of relationships with external agencies and strategic stakeholders on behalf of Verod and partner companies. Prior to joining Verod, Kehinde was Personal Assistant to the Managing Director of Woodstock Electronics, where she managed the director’s day to day activities including administration of the office and project sites. Prior to that, Kehinde worked with Adeen Properties as an Administrator where she was accountable for overall office management and employee matters. She received a B.Sc in Biochemistry from Lagos State University and a Senior Professional in Human Resources – SPHRi certification from HR Certification Institute®
Karabo Maelane
Manager, Investor Relations and Communications
Karabo is the Head of Investor Relations and Communications. Prior to joining Verod, he worked in the Investor Relations, Compliance, Risk and Operations team at PAPE Fund Managers, a mid-market-focused Private Equity firm in South Africa and held various roles at Spinnaker Growth Partners, Wesgro and Investec Specialist Bank…
Bolarinwa Agbola
Manager, Finance
Bolarinwa is a Finance Manager at Verod. Prior to joining Verod, he was a Financial Manager at Resilient Africa (a subsidiary of Resilient REIT), where he covered the finance and compliance functions for their Nigerian operations. Prior to that, he was a senior associate with KPMG Professional Services, where he participated in and led audit and assurance engagements for various leading financial services companies in Nigeria. He received a BSc in Economics from Babcock University. Bolarinwa is a member of the Institute of Chartered Accountants of Nigeria (ICAN), Chartered Institute of Management Accountants (CIMA), and a Chartered Alternative Investment Analyst (CAIA) Level II candidate.

Kayode Akinbowale
Senior Associate, Finance
Kayode is a Senior Associate in the Finance team. Prior to joining Verod, he worked with Starmark Nigeria Limited as an Account Officer, and as an Auditor at Olumuyiwa Erinle and Co. (Chartered Accountants). He received an M.Sc. in Finance and a B.Sc. in Accounting from the University of Lagos. He is a registered (student) member of The Association of Chartered Certified Accountants.

Cindy Opeyemi
Head, Administration
Cindy heads the Administration Department and is the Executive Secretary of Verod Foundation. Prior to joining Verod, she was an Executive Assistant at Living Templates. Prior to that, she worked with LEAP Africa as an Administrative and Human Resource Officer. She has a Mini-MBA from Eudoracity Business School and holds a Bachelor's Degree in Agricultural Economics from the Federal University of Agriculture, Abeokuta. She is an Associate Member of the Chartered Institute of Personnel Management (CIPM) and is a certified Human Resource Practitioner.
Gbenga Abogan
Manager, Investments
Gbenga is a Manager on the Investment team. Prior to joining Verod, he worked in the Deal Advisory Team of KPMG Advisory Services where he provided support on a wide variety of engagements, including business valuation, financial and commercial due diligence, financial advisory, M&A and investment exits. He received a B.Sc. in Economics from Obafemi Awolowo University, is a qualified member of the Institute of Chartered Accountants of Nigeria (ICAN) and is a CFA Level III candidate.
Dumbili Ofili-Okonkwo
Senior Associate, Legal
Dumbili is a Senior Associate on the Legal Team.  Prior to joining Verod, she worked in the Legal & Company Secretariat Group at FMDQ Holdings PLC where she provided legal and compliance support to the various subsidiaries under the FMDQ Group. Prior to that, she worked as an Associate with Templars Law Firm in the Banking and Finance team, where she advised clients on a wide range of corporate and finance transactions. She received a B.A degree from the London School of Economics and Political Sciences (LSE) in Law and Anthropology and an LLM from the University of California, Los Angeles (UCLA). She was admitted to the Nigerian Bar as a Barrister and Solicitor of the Supreme Court of Nigeria in 2016, and the New York Bar as an Attorney and Counselor of the State of New York Supreme Court in 2018.

Chinedu Adiele
Associate, HR
Chinedu is an Associate on the HR Team. Prior to joining Verod, he was a HR Business Partner at Oilserv, where he was responsible for providing strategic HR support to the business. Prior to Oliserv, Chinedu also worked as a Compensation and Benefits Supervisor with KPMG Nigeria from 2016 – 2021 where he was directly managing compensation, benefits, and welfare administration for the firm. He also worked as an Executive Assistant within KPMG from 2013 – 2016. Chinedu started his career at First Equity Securities Ltd as a HR Associate. Chinedu graduated from Madonna University with a BSc in Economics. He is an Associate, Chartered Institute of Personnel Management (ACIPM), a certified Professional in Human Resources International (PHRi) and a Certified HR Business Partner (CHRBP).

Danladi Verheijen
Managing Partner & Co-Founder
Danladi is a Co-founder and Managing Partner of Verod. Prior to founding Verod, Danladi held roles at Citibank Nigeria, Ocean and Oil Holdings, and at McKinsey & Company. He is a Director of DTRT Apparel Ghana, Shaldag Limited, and Niyya Farm Group. Danladi also sits on the board of the African Venture Capital Association (AVCA) and the Private Equity and Venture Capital Association of Nigeria (PEVCAN). He was named a Young Global Leader by the World Economic Forum in 2014. He received a B.Sc. in Electrical Engineering from Calvin College, an M.Sc. in Engineering-Economic Systems & Operations Research from Stanford University, and an MBA from Harvard Business School.

Eric Idiahi
Partner & Co-Founder
Eric is a Co-founder and Partner of Verod Capital Management Limited. Prior to founding Verod Capital, Eric was the co founder and managing partner of Fountainhead Media Group, an investment and advisory firm focused on the Technology, Media and Telecoms sector in Nigeria. Eric previously worked at Financial Derivatives Company Limited. He is a Director of Tangerine Life Insurance, Tangerine Pensions, Central Securities Clearing Systems Plc, Emzor Pharmaceutical Industries Limited, Greensprings School Limited and Transnational Academic Group, Ghana. He is also on the Board of Regents of Harris Manchester College, Oxford University. He received a B.Sc in Economics from the University of Houston, Texas and an MBA from Saïd Business School, University of Oxford, Oxford, England.
Nieros Oyegun Soerensen
Partner & Chief Operating Officer
Nieros is a Partner and the Chief Operating Officer of Verod. Prior to joining Verod, Nieros headed up
The Africa List and Nigeria coverage at CDC Group. She was previously the Head of Corporate Finance
and Investor Relations at LADOL and has a background in infrastructure project finance and corporate
strategy from Macquarie, alternative asset management from New Holland Capital, and banking from
Goldman Sachs & Co. She is a director of Tangerine Financial Holdings, Bestseller Foundation, and
Talawa Theatre Company. She received a B.Sc. in Mathematics and Economics from Columbia
University and an M.Sc. in Finance from London Business School, where she serves on the Dean’s
Alumni Council.
At Verod, Nieros is on a mission to build an effective institutional organisation and create an environment
where every team member can succeed.

Daniel Adeoye
Principal & Head of Investments
Daniel Adeoye leads the Investment Team for the Private Equity Group. He spearheads origination efforts; and, collaborating closely with founders, CEOs, and senior management teams, supports partner companies to accelerate growth and execute value creation plans. 

Daniel joined Verod in 2009 from Zenith Capital Management, where he specialized in equity and debt offerings, strategic advisory initiatives, and M&A. He works with the firm’s investments in Greensprings School, Rainbow Educational Services and Central Securities Clearing Systems Plc (NASD: SDCSCSPLC) and sits on several Boards, including: the Boards of Daystar Power group, Tangerine Pensions, APT Pensions and Rotoprint. He was actively involved in Verod’s investments in GZI, Rotoprint, Sac Oil (JSE: SCL), HFP Industries, African Lifestyle, and Transnationals Academic group. 

Daniel holds a BA (Hons) in Economics from Ahmadu Bello University and an MBA from Kellogg School of Management, Northwestern University. Daniel is a member of the Institute of Directors.
Wale Odusanya
Senior Vice President, Investments
Wale is a Senior Vice President on the Investment Team. Prior to joining Verod, Wale was the Head of the Financial Advisory Team at Stanbic IBTC Capital Limited, where he spent more than a decade participating in some of the most groundbreaking deals in the Nigerian market. Wale has significant experience in originating, structuring, executing and negotiating mergers, acquisitions, divestitures and corporate restructurings. His experience spans across industry segments including financial services, consumer products and consumer services. He received a B.Sc. (First Class) in Accounting from the University of Lagos and is a charter holder of the Chartered Financial Analyst (CFA) program.
Trish Amoah-Ntim
Senior Vice President, Investments
Trish is a Senior Vice President on the Investment Team leading the Ghana office. Prior to this, Trish was a Manager in Financial Advisory at Deloitte and Touche (Ghana) where she managed engagements across Corporate Finance, Transaction Services and Valuation & Modelling. Prior to Deloitte, she worked with Verod as a Manager in Lagos and before that, in London with Deutsche Bank, HSBC and Lehman Brothers. She received an MBA from Harvard Business School, an MSc in Finance and Private Equity from The London School of Economics and a BSc (Hons) in Applied Business Management from Imperial College London. Trish is also a CFA Charterholder.

Olawunmi Abiodun
Vice President & General Counsel, Corporate
Olawunmi is a Vice President and the Head of the Legal Team. She is General Counsel, Corporate; and also the Company Secretary. Prior to joining Verod, she was an Associate Legal Officer with the UN International Criminal Tribunal for the Former Yugoslavia in The Hague where she advised on international law, diplomacy and policy matters. Prior to that, she worked as an Associate with Matrix-Solicitors, where she advised clients on a wide range of corporate and commercial transactions. She received an LLB degree from Obafemi Awolowo University and an LLM in International and European Law, with specialization in International Trade & Investment Law from the University of Amsterdam. She was admitted to the Nigerian Bar as a Barrister and Solicitor of the Supreme Court of Nigeria in 2004, and is a member of the Chartered Institute for Securities and Investment (UK).
Malvika Kapoor
Vice President, Investments
Malvika is a Vice President on the Investments Team. Prior to joining Verod she was Managing Director of Vital Products Plc, where she re-structured the business, established systematic and technological processes for recruitment and other key business activities and led the transformation of major existing brands and built a range of new brand. She remains on the board of directors of Vital Products Plc.

Malvika has a background in Corporate Social Responsibility at Sedex Global (UK) and Private Wealth Management at Deutsche Bank; Alfred Herrhausen Gessellschaft (AHG) in Berlin. At Sedex, she engaged with SMEs/FTSE 350 companies to provide technology solutions on their requirements around supply chain risk, sustainability, and brand risk. At the AHG Malvika focused on new forms of governance as a response to the challenges of the 21st century. She worked closely with LSE Cities, an international investigation service of social dynamics of cities centered on research initiative and Policy-Network a leading think-tank promoting solutions for developing economies partnering with the UK.

Malvika has a masters degree in Town and Country Planning from New York University, a second Masters in Psychology from the University of Westminster UK and a Bachelor’s degree in Urban Planning, Design & Management from University College London. She has attended multiple next generation courses at Credit Suisse, Deutsche Bank and Citibank, PWC, becoming a member of the Young Investors Organization and an active member of the alumni.
Yanish Bondahjagalu
Chief Financial Officer
Yanish is a Vice President and the Chief Financial Officer at Verod. Prior to joining Verod, he was the Chief Operating Officer (Mauritius) at LeapFrog Investments Group Ltd. He had also served as Chief Operating Officer at Omega Global Mauritius Ltd, Yanish has held various senior leadership roles and directorships on the boards of global investment firms. He holds a Bachelor Degree in Management with Finance and an MBA with specialization in International Business both from the University of Mauritius. He is a member of the Mauritius Institute of Professional Accountants (MIPA) and a Fellow of the Association of Chartered Certified Accountants.

Dipo Okuribido
Vice President & General Counsel, Commercial
Dipo is a Vice President within the Legal Department, and the General Counsel, Commercial. Prior to joining Verod, he was a Senior Associate at Banwo & Ighodalo, where he worked in the Energy, Tax, Capital Markets and Finance Practices. He has more than seven years experience advising a wide range of clients on M&As in breweries, oil and gas, manufacturing, and fast-moving consumer goods sectors. He received an LLB from the University of Lagos, and is currently studying part-time for an MBA at Gies College, University of Illinois, Urbana-Champaign. He is an Alumnus of the International Lawyers for Africa Programme.
Chigozie Ejimogu
Manager, Sustainability
Chigozie is a Manager on the Sustainability team. He leads ESG efforts in Verod and partner companies. Prior to joining Verod, he was the Country Environment Manager at Coca-Cola Hellenic (CCH) Nigeria. He had previously worked within the Oil & Gas servicing sector - Laser Engineering, Fugro Nigeria Limited and Tilone Subsea Limited; where he held various Environmetal roles. Chigozie obtained his first degree in Environmental Technology from the Federal University of Technology, Owerri and has a post-graduate Diploma in International Environmental Law from the United Nations Institute for Training and Research. He is a Certified professional in Environment & Social Risk Analysis (ESRA) and Process Systems (ISO 14001, 45001, 5001, 9001). He is an IRCA Certified Lead Auditor and has earned the NEBOSH International Technical Certificate, NEBOSH IGC and Advanced Environmental Management Certificates.
Anuoluwa Ife-Olatunji
Manager, Human Resources
Anuoluwa is Lead: Human Resources Value Creation, where she drives the provision of strategic HR support and value creation to Verod and its partner companies. Prior to joining Verod, Anuoluwa was the Head: Organisation Design and Strategy at Bridge Clinic, where she was responsible for strategic HR Advisory, Organisation Design, and Project Management at a group level across Bridge Clinic and its associated operating companies. Prior to the Bridge Clinic, Anuoluwa was a senior management consultant at KPMG Nigeria where she led and participated in People and Change engagements for various organisations. Prior to KPMG, she was a brand management executive at Skye Bank (now Polaris Bank).

Anuoluwa received a B.Sc. in Public Relations from Covenant University and an M.Sc. in Marketing and Strategy from Warwick Business School (University of Warwick). She is an Associate Member of Chartered Institute of Personnel Management of Nigeria (CIPM) and is a certified HR Practitioner.

Kehinde Osileye
Manager, External Liaison
Kehinde is the Lead, External Liaison where she is responsible for effective management of relationships with external agencies and strategic stakeholders on behalf of Verod and partner companies. Prior to joining Verod, Kehinde was Personal Assistant to the Managing Director of Woodstock Electronics, where she managed the director’s day to day activities including administration of the office and project sites. Prior to that, Kehinde worked with Adeen Properties as an Administrator where she was accountable for overall office management and employee matters. She received a B.Sc in Biochemistry from Lagos State University and a Senior Professional in Human Resources – SPHRi certification from HR Certification Institute®
Karabo Maelane
Manager, Investor Relations and Communications
Karabo is the Head of Investor Relations and Communications. Prior to joining Verod, he worked in the Investor Relations, Compliance, Risk and Operations team at PAPE Fund Managers, a mid-market-focused Private Equity firm in South Africa and held various roles at Spinnaker Growth Partners, Wesgro and Investec Specialist Bank…
Bolarinwa Agbola
Manager, Finance
Bolarinwa is a Finance Manager at Verod. Prior to joining Verod, he was a Financial Manager at Resilient Africa (a subsidiary of Resilient REIT), where he covered the finance and compliance functions for their Nigerian operations. Prior to that, he was a senior associate with KPMG Professional Services, where he participated in and led audit and assurance engagements for various leading financial services companies in Nigeria. He received a BSc in Economics from Babcock University. Bolarinwa is a member of the Institute of Chartered Accountants of Nigeria (ICAN), Chartered Institute of Management Accountants (CIMA), and a Chartered Alternative Investment Analyst (CAIA) Level II candidate.

Kayode Akinbowale
Senior Associate, Finance
Kayode is a Senior Associate in the Finance team. Prior to joining Verod, he worked with Starmark Nigeria Limited as an Account Officer, and as an Auditor at Olumuyiwa Erinle and Co. (Chartered Accountants). He received an M.Sc. in Finance and a B.Sc. in Accounting from the University of Lagos. He is a registered (student) member of The Association of Chartered Certified Accountants.

Cindy Opeyemi
Head, Administration
Cindy heads the Administration Department and is the Executive Secretary of Verod Foundation. Prior to joining Verod, she was an Executive Assistant at Living Templates. Prior to that, she worked with LEAP Africa as an Administrative and Human Resource Officer. She has a Mini-MBA from Eudoracity Business School and holds a Bachelor's Degree in Agricultural Economics from the Federal University of Agriculture, Abeokuta. She is an Associate Member of the Chartered Institute of Personnel Management (CIPM) and is a certified Human Resource Practitioner.
Gbenga Abogan
Manager, Investments
Gbenga is a Manager on the Investment team. Prior to joining Verod, he worked in the Deal Advisory Team of KPMG Advisory Services where he provided support on a wide variety of engagements, including business valuation, financial and commercial due diligence, financial advisory, M&A and investment exits. He received a B.Sc. in Economics from Obafemi Awolowo University, is a qualified member of the Institute of Chartered Accountants of Nigeria (ICAN) and is a CFA Level III candidate.
Dumbili Ofili-Okonkwo
Senior Associate, Legal
Dumbili is a Senior Associate on the Legal Team.  Prior to joining Verod, she worked in the Legal & Company Secretariat Group at FMDQ Holdings PLC where she provided legal and compliance support to the various subsidiaries under the FMDQ Group. Prior to that, she worked as an Associate with Templars Law Firm in the Banking and Finance team, where she advised clients on a wide range of corporate and finance transactions. She received a B.A degree from the London School of Economics and Political Sciences (LSE) in Law and Anthropology and an LLM from the University of California, Los Angeles (UCLA). She was admitted to the Nigerian Bar as a Barrister and Solicitor of the Supreme Court of Nigeria in 2016, and the New York Bar as an Attorney and Counselor of the State of New York Supreme Court in 2018.

Chinedu Adiele
Associate, HR
Chinedu is an Associate on the HR Team. Prior to joining Verod, he was a HR Business Partner at Oilserv, where he was responsible for providing strategic HR support to the business. Prior to Oliserv, Chinedu also worked as a Compensation and Benefits Supervisor with KPMG Nigeria from 2016 – 2021 where he was directly managing compensation, benefits, and welfare administration for the firm. He also worked as an Executive Assistant within KPMG from 2013 – 2016. Chinedu started his career at First Equity Securities Ltd as a HR Associate. Chinedu graduated from Madonna University with a BSc in Economics. He is an Associate, Chartered Institute of Personnel Management (ACIPM), a certified Professional in Human Resources International (PHRi) and a Certified HR Business Partner (CHRBP).
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Partner Companies

Africa Lifestyle Limited (ALL) is a retail platform for branded apparel, accessories and beauty products across West Africa. ALL currently holds franchises from several international fashion brands including Estee Lauder’s M.A.C. and Bobbi Brown brands of make-up, L’Oreal’s Maybelline (Cosmetics) and Levi’s Jeans. It is rolling out stores in malls and airports across Ghana, Nigeria and several other African countries.

Visit Website

Central Securities Clearing System Plc (CSCS) CSCS is licensed by the Nigerian Securities and Exchange Commission and currently operates a computerized depository, clearing, settlement and delivery system for transactions in securities in the Nigerian Capital Market. It is currently responsible for settlement of all transactions on the Nigerian Stock Exchange as well as all equity and fixed income transactions on the two existing OTC platforms in Nigeria.

Visit Website

DTRT Apparel (DTRT) is West Africa’s largest apparel manufacturer that produces goods from its modern factories in Ghana for large clients in the US and Europe. The business has about 4,200 employees, with over 70% of them being women, and is committed to operating in an environmentally sustainable manner, creating local employment and positively impacting the communities it operates in.

Emzor Pharmaceutical Industries Limited (Emzor) is the leading manufacturer of branded generic pharmaceutical products in Nigeria, ranked as across #1, #2 and #3 the consumer health, OTC sales, and dietary supplements segments of the market, as well as a growing portfolio of ethical products. The company operates three factories in Lagos State, Nigeria, including one WHO-certifiable facility, and a recently completed state-of-the-art manufacturing complex in Ogun State, Nigeria. The group is expanding its footprint across the ethical segments of the drug market and exports products to several West African countries.

Visit Website

Medplus is the largest Nigerian retail pharmaceutical business, with about three decades of successful operations and with a broad coverage in the key urban centres. Medplus has a robust portfolio of drugs, and non-drugs comprising beauty and consumer products. As part of its holistic approach to healthcare, Medplus also provides other complementary services including medicine use review, expert counselling, prescription management, free health screenings and chronic disease management.

Visit Website

Niyya Food and Drinks Company Limited is an agri-business with 10 million liters fresh fruit production capacity and 5 million liters Yogurt production capacity. Niyya currently manages a sizable orchard for fruit cultivation and manufactures and distributes fresh fruit juice and dairy products across Nigeria.

Visit Website

Oreon Education Limited (Oreon) was established in 2017. Oreon Education is an education investment vehicle set up to take advantage of the continued growth in demand for quality education in Africa and to partner with family-owned schools to achieve world class standards and enduring growth.

Oreon has invested in the following schools:

Greensprings educational services Nigeria (Greensprings) is an educational service provider offering well-rounded contemporary education from grade 0 to 12 in pre-primary, preparatory, secondary and post-secondary school. The school offers a blend of British and Nigerian curricula and also provides boarding facilities. Established in 1987 the Greensprings has grown from about 15 to 2,670 students in two campuses.

Visit Website

Rainbow College (RC) is a co-education day and boarding school offering secondary and post-secondary educational services. RC was established in 1996 as an all-boys private college. Rainbow College for girls followed suit in 1998, after which both schools were merged in 2005. Rainbow College offers a blend of British and Nigerian curricula to the secondary segment and the A-level programme to the post-secondary segment. The college operates two campuses; a day school at Surulere, Lagos and a Boarding school at Maba, Ogun state Nigeria. The latter houses the college’s post-secondary segment.

Visit Website

Pampers Private School (PPS) is a co-education day school established first as a nursery school in 1983. The primary school was included the following year; PPS has since grown to become a leader in the provision of elementary education in Nigeria; The school uses the British Early Years Foundation approach in the nursery section whilst operating a blend of the Nigerian and British curricula in the primary section. Currently the school operates two campuses, its first in Alaka, Surulere and another in Lekki, both in Lagos state, Nigeria.

Visit Website

Shaldag Limited (Shaldag) is a greenfield aquaculture production company with a state-of-art intensive aquaculture facility comprising hatcheries, nurseries, and on-growing sections that will be able to produce up to 10,000MT of catfish and tilapia per annum upon completion.

Transnational Academic Group (TAG) provides private education and training services across West and East Africa. The group operates in two major divisions: University partnerships and Corporate / Professional Programs. The Corporate / Professional Programs division offers bespoke training and professional education programs to businesses and government agencies. TAG operates Lancaster University, Ghana and is looking to setup another university in East Africa.

Visit Website

Our Tangerine Financial portfolio is made up of:
Tangerine Pensions
Tangerine Life
Tangerine General
 

Africa Lifestyle Limited (ALL) is a retail platform for branded apparel, accessories and beauty products across West Africa. ALL currently holds franchises from several international fashion brands including Estee Lauder’s M.A.C. and Bobbi Brown brands of make-up, L’Oreal’s Maybelline (Cosmetics) and Levi’s Jeans. It is rolling out stores in malls and airports across Ghana, Nigeria and several other African countries.

Visit Website

Central Securities Clearing System Plc (CSCS) CSCS is licensed by the Nigerian Securities and Exchange Commission and currently operates a computerized depository, clearing, settlement and delivery system for transactions in securities in the Nigerian Capital Market. It is currently responsible for settlement of all transactions on the Nigerian Stock Exchange as well as all equity and fixed income transactions on the two existing OTC platforms in Nigeria.

Visit Website

DTRT Apparel (DTRT) is West Africa’s largest apparel manufacturer that produces goods from its modern factories in Ghana for large clients in the US and Europe. The business has about 4,200 employees, with over 70% of them being women, and is committed to operating in an environmentally sustainable manner, creating local employment and positively impacting the communities it operates in.

Emzor Pharmaceutical Industries Limited (Emzor) is the leading manufacturer of branded generic pharmaceutical products in Nigeria, ranked as across #1, #2 and #3 the consumer health, OTC sales, and dietary supplements segments of the market, as well as a growing portfolio of ethical products. The company operates three factories in Lagos State, Nigeria, including one WHO-certifiable facility, and a recently completed state-of-the-art manufacturing complex in Ogun State, Nigeria. The group is expanding its footprint across the ethical segments of the drug market and exports products to several West African countries.

Visit Website

Medplus is the largest Nigerian retail pharmaceutical business, with about three decades of successful operations and with a broad coverage in the key urban centres. Medplus has a robust portfolio of drugs, and non-drugs comprising beauty and consumer products. As part of its holistic approach to healthcare, Medplus also provides other complementary services including medicine use review, expert counselling, prescription management, free health screenings and chronic disease management.

Visit Website

Niyya Food and Drinks Company Limited is an agri-business with 10 million liters fresh fruit production capacity and 5 million liters Yogurt production capacity. Niyya currently manages a sizable orchard for fruit cultivation and manufactures and distributes fresh fruit juice and dairy products across Nigeria.

Visit Website

Oreon Education Limited (Oreon) was established in 2017. Oreon Education is an education investment vehicle set up to take advantage of the continued growth in demand for quality education in Africa and to partner with family-owned schools to achieve world class standards and enduring growth.

Oreon has invested in the following schools:

Greensprings educational services Nigeria (Greensprings) is an educational service provider offering well-rounded contemporary education from grade 0 to 12 in pre-primary, preparatory, secondary and post-secondary school. The school offers a blend of British and Nigerian curricula and also provides boarding facilities. Established in 1987 the Greensprings has grown from about 15 to 2,670 students in two campuses.

Visit Website

Rainbow College (RC) is a co-education day and boarding school offering secondary and post-secondary educational services. RC was established in 1996 as an all-boys private college. Rainbow College for girls followed suit in 1998, after which both schools were merged in 2005. Rainbow College offers a blend of British and Nigerian curricula to the secondary segment and the A-level programme to the post-secondary segment. The college operates two campuses; a day school at Surulere, Lagos and a Boarding school at Maba, Ogun state Nigeria. The latter houses the college’s post-secondary segment.

Visit Website

Pampers Private School (PPS) is a co-education day school established first as a nursery school in 1983. The primary school was included the following year; PPS has since grown to become a leader in the provision of elementary education in Nigeria; The school uses the British Early Years Foundation approach in the nursery section whilst operating a blend of the Nigerian and British curricula in the primary section. Currently the school operates two campuses, its first in Alaka, Surulere and another in Lekki, both in Lagos state, Nigeria.

Visit Website

Shaldag Limited (Shaldag) is a greenfield aquaculture production company with a state-of-art intensive aquaculture facility comprising hatcheries, nurseries, and on-growing sections that will be able to produce up to 10,000MT of catfish and tilapia per annum upon completion.

Transnational Academic Group (TAG) provides private education and training services across West and East Africa. The group operates in two major divisions: University partnerships and Corporate / Professional Programs. The Corporate / Professional Programs division offers bespoke training and professional education programs to businesses and government agencies. TAG operates Lancaster University, Ghana and is looking to setup another university in East Africa.

Visit Website

Our Tangerine Financial portfolio is made up of:
Tangerine Pensions
Tangerine Life
Tangerine General
 

Africa Lifestyle
Pan-African
Consumer Retail
Africa Lifestyle Limited (ALL) is a retail platform for branded apparel, accessories and beauty products across West Africa. ALL currently holds franchises from several international fashion brands including Estee Lauder’s M.A.C. and Bobbi Brown brands of make-up, L’Oreal’s Maybelline (Cosmetics) and Levi’s Jeans. It is rolling out stores in malls and airports across Ghana, Nigeria and several other African countries.

Visit Website

CSCS
Nigeria
Business Services
Central Securities Clearing System Plc (CSCS) CSCS is licensed by the Nigerian Securities and Exchange Commission and currently operates a computerized depository, clearing, settlement and delivery system for transactions in securities in the Nigerian Capital Market. It is currently responsible for settlement of all transactions on the Nigerian Stock Exchange as well as all equity and fixed income transactions on the two existing OTC platforms in Nigeria.

Visit Website

DTRT
Ghana
Apparel
DTRT Apparel (DTRT) is West Africa’s largest apparel manufacturer that produces goods from its modern factories in Ghana for large clients in the US and Europe. The business has about 4,200 employees, with over 70% of them being women, and is committed to operating in an environmentally sustainable manner, creating local employment and positively impacting the communities it operates in.

Emzor
Nigeria
Pharmaceutical
Emzor Pharmaceutical Industries Limited (Emzor) is the leading manufacturer of branded generic pharmaceutical products in Nigeria, ranked as across #1, #2 and #3 the consumer health, OTC sales, and dietary supplements segments of the market, as well as a growing portfolio of ethical products. The company operates three factories in Lagos State, Nigeria, including one WHO-certifiable facility, and a recently completed state-of-the-art manufacturing complex in Ogun State, Nigeria. The group is expanding its footprint across the ethical segments of the drug market and exports products to several West African countries.

Visit Website

Medplus
Nigeria
Pharmaceutical
Medplus is the largest Nigerian retail pharmaceutical business, with about three decades of successful operations and with a broad coverage in the key urban centres. Medplus has a robust portfolio of drugs, and non-drugs comprising beauty and consumer products. As part of its holistic approach to healthcare, Medplus also provides other complementary services including medicine use review, expert counselling, prescription management, free health screenings and chronic disease management.

Visit Website

Niyya Food and Drinks
Nigeria
Agri-business
Niyya Food and Drinks Company Limited is an agri-business with 10 million liters fresh fruit production capacity and 5 million liters Yogurt production capacity. Niyya currently manages a sizable orchard for fruit cultivation and manufactures and distributes fresh fruit juice and dairy products across Nigeria.

Visit Website

Oreon Education
Nigeria
Education
Oreon Education Limited (Oreon) was established in 2017. Oreon Education is an education investment vehicle set up to take advantage of the continued growth in demand for quality education in Africa and to partner with family-owned schools to achieve world class standards and enduring growth.

Oreon has invested in the following schools:

Greensprings educational services Nigeria (Greensprings) is an educational service provider offering well-rounded contemporary education from grade 0 to 12 in pre-primary, preparatory, secondary and post-secondary school. The school offers a blend of British and Nigerian curricula and also provides boarding facilities. Established in 1987 the Greensprings has grown from about 15 to 2,670 students in two campuses.

Visit Website

Rainbow College (RC) is a co-education day and boarding school offering secondary and post-secondary educational services. RC was established in 1996 as an all-boys private college. Rainbow College for girls followed suit in 1998, after which both schools were merged in 2005. Rainbow College offers a blend of British and Nigerian curricula to the secondary segment and the A-level programme to the post-secondary segment. The college operates two campuses; a day school at Surulere, Lagos and a Boarding school at Maba, Ogun state Nigeria. The latter houses the college’s post-secondary segment.

Visit Website

Pampers Private School (PPS) is a co-education day school established first as a nursery school in 1983. The primary school was included the following year; PPS has since grown to become a leader in the provision of elementary education in Nigeria; The school uses the British Early Years Foundation approach in the nursery section whilst operating a blend of the Nigerian and British curricula in the primary section. Currently the school operates two campuses, its first in Alaka, Surulere and another in Lekki, both in Lagos state, Nigeria.

Visit Website

Shaldag
Nigeria
Agriculture
Shaldag Limited (Shaldag) is a greenfield aquaculture production company with a state-of-art intensive aquaculture facility comprising hatcheries, nurseries, and on-growing sections that will be able to produce up to 10,000MT of catfish and tilapia per annum upon completion.

Tag
Accra, Ghana
Education
Transnational Academic Group (TAG) provides private education and training services across West and East Africa. The group operates in two major divisions: University partnerships and Corporate / Professional Programs. The Corporate / Professional Programs division offers bespoke training and professional education programs to businesses and government agencies. TAG operates Lancaster University, Ghana and is looking to setup another university in East Africa.

Visit Website

Tangerine Financial
Nigeria
Insurance
Our Tangerine Financial portfolio is made up of:
Tangerine Pensions
Tangerine Life
Tangerine General
 

Daystar provides Africa’s industrial and commercial sector with clean and reliable solar power. The company installs and operates captive power solutions, that can integrate solar power, battery storage and back-up generators for commercial, industrial and agricultural clients. Through its technology and systems, the company is able to reduce diesel consumption and energy costs for businesses with no upfront capital expenditure. Daystar is active in Nigeria and Ghana.

Visit Website

GZ Industries Limited is West Africa’s first and leading Aluminum beverage can manufacturing company. GZI currently runs two state-of-art manufacturing plants in Nigeria (Lagos and Aba) with a combined production capacity of 1.8 billion cans per annum and has facilities at various stages of development across other African countries including Kenya.

Visit Website

H.F.P. Engineering Limited (HFP) s a building and civil engineering company, which specializes in conventional building construction techniques, prefabrication systems and infrastructure construction and development.

Visit Website

Rotoprint Limited (Rotoprint) is a leading manufacturer and printer of polyvinyl chloride (PVC) shrink labels which serve over 300 customers in Nigeria’s consumer goods sector, comprising mostly cosmetics, pharmaceuticals, and bottled water companies.

SacOil Holdings Limited (SacOil) is a South African based independent oil and gas company, with a diverse portfolio of exploration, appraisal and production assets across a number of African countries. SacOil also participates in several midstream and downstream projects across Africa. The company is dual-listed on the Johannesburg Stock Exchange and the Alternative Investment Market of the London Stock Exchange.

Visit Website

Spinlet Limited (Spinlet) is a mobile media distribution platform positioned specifically for the African market, which allows users to download and stream music to their mobile devices.

Visit Website

UTL Trust Management Services Ltd (formerly Union Trustees Limited) (UTL) is a leading provider of trusteeship services, fund management, and nominee services to its clients, which include state governments, corporations and individuals.

Visit Website

Daystar provides Africa’s industrial and commercial sector with clean and reliable solar power. The company installs and operates captive power solutions, that can integrate solar power, battery storage and back-up generators for commercial, industrial and agricultural clients. Through its technology and systems, the company is able to reduce diesel consumption and energy costs for businesses with no upfront capital expenditure. Daystar is active in Nigeria and Ghana.

Visit Website

GZ Industries Limited is West Africa’s first and leading Aluminum beverage can manufacturing company. GZI currently runs two state-of-art manufacturing plants in Nigeria (Lagos and Aba) with a combined production capacity of 1.8 billion cans per annum and has facilities at various stages of development across other African countries including Kenya.

Visit Website

H.F.P. Engineering Limited (HFP) s a building and civil engineering company, which specializes in conventional building construction techniques, prefabrication systems and infrastructure construction and development.

Visit Website

Rotoprint Limited (Rotoprint) is a leading manufacturer and printer of polyvinyl chloride (PVC) shrink labels which serve over 300 customers in Nigeria’s consumer goods sector, comprising mostly cosmetics, pharmaceuticals, and bottled water companies.

SacOil Holdings Limited (SacOil) is a South African based independent oil and gas company, with a diverse portfolio of exploration, appraisal and production assets across a number of African countries. SacOil also participates in several midstream and downstream projects across Africa. The company is dual-listed on the Johannesburg Stock Exchange and the Alternative Investment Market of the London Stock Exchange.

Visit Website

Spinlet Limited (Spinlet) is a mobile media distribution platform positioned specifically for the African market, which allows users to download and stream music to their mobile devices.

Visit Website

UTL Trust Management Services Ltd (formerly Union Trustees Limited) (UTL) is a leading provider of trusteeship services, fund management, and nominee services to its clients, which include state governments, corporations and individuals.

Visit Website

Daystar
Nigeria and Ghana
Daystar provides Africa’s industrial and commercial sector with clean and reliable solar power. The company installs and operates captive power solutions, that can integrate solar power, battery storage and back-up generators for commercial, industrial and agricultural clients. Through its technology and systems, the company is able to reduce diesel consumption and energy costs for businesses with no upfront capital expenditure. Daystar is active in Nigeria and Ghana.

Visit Website

GZI Industries
Nigeria and Kenya
Manufacturing
GZ Industries Limited is West Africa’s first and leading Aluminum beverage can manufacturing company. GZI currently runs two state-of-art manufacturing plants in Nigeria (Lagos and Aba) with a combined production capacity of 1.8 billion cans per annum and has facilities at various stages of development across other African countries including Kenya.

Visit Website

HFP Engineering
Nigeria
Engineering
H.F.P. Engineering Limited (HFP) s a building and civil engineering company, which specializes in conventional building construction techniques, prefabrication systems and infrastructure construction and development.

Visit Website

Rotoprint
Nigeria
Manufacturing
Rotoprint Limited (Rotoprint) is a leading manufacturer and printer of polyvinyl chloride (PVC) shrink labels which serve over 300 customers in Nigeria’s consumer goods sector, comprising mostly cosmetics, pharmaceuticals, and bottled water companies.

SacOil
Pan Africa
Oil and Gas
SacOil Holdings Limited (SacOil) is a South African based independent oil and gas company, with a diverse portfolio of exploration, appraisal and production assets across a number of African countries. SacOil also participates in several midstream and downstream projects across Africa. The company is dual-listed on the Johannesburg Stock Exchange and the Alternative Investment Market of the London Stock Exchange.

Visit Website

Spinlet
Pan Africa
Media and Technology
Spinlet Limited (Spinlet) is a mobile media distribution platform positioned specifically for the African market, which allows users to download and stream music to their mobile devices.

Visit Website

UTL Trust Management
Nigeria
Financial Services
UTL Trust Management Services Ltd (formerly Union Trustees Limited) (UTL) is a leading provider of trusteeship services, fund management, and nominee services to its clients, which include state governments, corporations and individuals.

Visit Website

Africa Lifestyle Limited (ALL) is a retail platform for branded apparel, accessories and beauty products across West Africa. ALL currently holds franchises from several international fashion brands including Estee Lauder’s M.A.C. and Bobbi Brown brands of make-up, L’Oreal’s Maybelline (Cosmetics) and Levi’s Jeans. It is rolling out stores in malls and airports across Ghana, Nigeria and several other African countries.

Visit Website

Central Securities Clearing System Plc (CSCS) CSCS is licensed by the Nigerian Securities and Exchange Commission and currently operates a computerized depository, clearing, settlement and delivery system for transactions in securities in the Nigerian Capital Market. It is currently responsible for settlement of all transactions on the Nigerian Stock Exchange as well as all equity and fixed income transactions on the two existing OTC platforms in Nigeria.

Visit Website

Daystar provides Africa’s industrial and commercial sector with clean and reliable solar power. The company installs and operates captive power solutions, that can integrate solar power, battery storage and back-up generators for commercial, industrial and agricultural clients. Through its technology and systems, the company is able to reduce diesel consumption and energy costs for businesses with no upfront capital expenditure. Daystar is active in Nigeria and Ghana.

Visit Website

DTRT Apparel (DTRT) is West Africa’s largest apparel manufacturer that produces goods from its modern factories in Ghana for large clients in the US and Europe. The business has about 4,200 employees, with over 70% of them being women, and is committed to operating in an environmentally sustainable manner, creating local employment and positively impacting the communities it operates in.

Emzor Pharmaceutical Industries Limited (Emzor) is the leading manufacturer of branded generic pharmaceutical products in Nigeria, ranked as across #1, #2 and #3 the consumer health, OTC sales, and dietary supplements segments of the market, as well as a growing portfolio of ethical products. The company operates three factories in Lagos State, Nigeria, including one WHO-certifiable facility, and a recently completed state-of-the-art manufacturing complex in Ogun State, Nigeria. The group is expanding its footprint across the ethical segments of the drug market and exports products to several West African countries.

Visit Website

GZ Industries Limited is West Africa’s first and leading Aluminum beverage can manufacturing company. GZI currently runs two state-of-art manufacturing plants in Nigeria (Lagos and Aba) with a combined production capacity of 1.8 billion cans per annum and has facilities at various stages of development across other African countries including Kenya.

Visit Website

H.F.P. Engineering Limited (HFP) s a building and civil engineering company, which specializes in conventional building construction techniques, prefabrication systems and infrastructure construction and development.

Visit Website

Medplus is the largest Nigerian retail pharmaceutical business, with about three decades of successful operations and with a broad coverage in the key urban centres. Medplus has a robust portfolio of drugs, and non-drugs comprising beauty and consumer products. As part of its holistic approach to healthcare, Medplus also provides other complementary services including medicine use review, expert counselling, prescription management, free health screenings and chronic disease management.

Visit Website

Niyya Food and Drinks Company Limited is an agri-business with 10 million liters fresh fruit production capacity and 5 million liters Yogurt production capacity. Niyya currently manages a sizable orchard for fruit cultivation and manufactures and distributes fresh fruit juice and dairy products across Nigeria.

Visit Website

Oreon Education Limited (Oreon) was established in 2017. Oreon Education is an education investment vehicle set up to take advantage of the continued growth in demand for quality education in Africa and to partner with family-owned schools to achieve world class standards and enduring growth.

Oreon has invested in the following schools:

Greensprings educational services Nigeria (Greensprings) is an educational service provider offering well-rounded contemporary education from grade 0 to 12 in pre-primary, preparatory, secondary and post-secondary school. The school offers a blend of British and Nigerian curricula and also provides boarding facilities. Established in 1987 the Greensprings has grown from about 15 to 2,670 students in two campuses.

Visit Website

Rainbow College (RC) is a co-education day and boarding school offering secondary and post-secondary educational services. RC was established in 1996 as an all-boys private college. Rainbow College for girls followed suit in 1998, after which both schools were merged in 2005. Rainbow College offers a blend of British and Nigerian curricula to the secondary segment and the A-level programme to the post-secondary segment. The college operates two campuses; a day school at Surulere, Lagos and a Boarding school at Maba, Ogun state Nigeria. The latter houses the college’s post-secondary segment.

Visit Website

Pampers Private School (PPS) is a co-education day school established first as a nursery school in 1983. The primary school was included the following year; PPS has since grown to become a leader in the provision of elementary education in Nigeria; The school uses the British Early Years Foundation approach in the nursery section whilst operating a blend of the Nigerian and British curricula in the primary section. Currently the school operates two campuses, its first in Alaka, Surulere and another in Lekki, both in Lagos state, Nigeria.

Visit Website

Rotoprint Limited (Rotoprint) is a leading manufacturer and printer of polyvinyl chloride (PVC) shrink labels which serve over 300 customers in Nigeria’s consumer goods sector, comprising mostly cosmetics, pharmaceuticals, and bottled water companies.

SacOil Holdings Limited (SacOil) is a South African based independent oil and gas company, with a diverse portfolio of exploration, appraisal and production assets across a number of African countries. SacOil also participates in several midstream and downstream projects across Africa. The company is dual-listed on the Johannesburg Stock Exchange and the Alternative Investment Market of the London Stock Exchange.

Visit Website

Shaldag Limited (Shaldag) is a greenfield aquaculture production company with a state-of-art intensive aquaculture facility comprising hatcheries, nurseries, and on-growing sections that will be able to produce up to 10,000MT of catfish and tilapia per annum upon completion.

Spinlet Limited (Spinlet) is a mobile media distribution platform positioned specifically for the African market, which allows users to download and stream music to their mobile devices.

Visit Website

Transnational Academic Group (TAG) provides private education and training services across West and East Africa. The group operates in two major divisions: University partnerships and Corporate / Professional Programs. The Corporate / Professional Programs division offers bespoke training and professional education programs to businesses and government agencies. TAG operates Lancaster University, Ghana and is looking to setup another university in East Africa.

Visit Website

Our Tangerine Financial portfolio is made up of:
Tangerine Pensions
Tangerine Life
Tangerine General
 

UTL Trust Management Services Ltd (formerly Union Trustees Limited) (UTL) is a leading provider of trusteeship services, fund management, and nominee services to its clients, which include state governments, corporations and individuals.

Visit Website

Africa Lifestyle Limited (ALL) is a retail platform for branded apparel, accessories and beauty products across West Africa. ALL currently holds franchises from several international fashion brands including Estee Lauder’s M.A.C. and Bobbi Brown brands of make-up, L’Oreal’s Maybelline (Cosmetics) and Levi’s Jeans. It is rolling out stores in malls and airports across Ghana, Nigeria and several other African countries.

Visit Website

Central Securities Clearing System Plc (CSCS) CSCS is licensed by the Nigerian Securities and Exchange Commission and currently operates a computerized depository, clearing, settlement and delivery system for transactions in securities in the Nigerian Capital Market. It is currently responsible for settlement of all transactions on the Nigerian Stock Exchange as well as all equity and fixed income transactions on the two existing OTC platforms in Nigeria.

Visit Website

Daystar provides Africa’s industrial and commercial sector with clean and reliable solar power. The company installs and operates captive power solutions, that can integrate solar power, battery storage and back-up generators for commercial, industrial and agricultural clients. Through its technology and systems, the company is able to reduce diesel consumption and energy costs for businesses with no upfront capital expenditure. Daystar is active in Nigeria and Ghana.

Visit Website

DTRT Apparel (DTRT) is West Africa’s largest apparel manufacturer that produces goods from its modern factories in Ghana for large clients in the US and Europe. The business has about 4,200 employees, with over 70% of them being women, and is committed to operating in an environmentally sustainable manner, creating local employment and positively impacting the communities it operates in.

Emzor Pharmaceutical Industries Limited (Emzor) is the leading manufacturer of branded generic pharmaceutical products in Nigeria, ranked as across #1, #2 and #3 the consumer health, OTC sales, and dietary supplements segments of the market, as well as a growing portfolio of ethical products. The company operates three factories in Lagos State, Nigeria, including one WHO-certifiable facility, and a recently completed state-of-the-art manufacturing complex in Ogun State, Nigeria. The group is expanding its footprint across the ethical segments of the drug market and exports products to several West African countries.

Visit Website

GZ Industries Limited is West Africa’s first and leading Aluminum beverage can manufacturing company. GZI currently runs two state-of-art manufacturing plants in Nigeria (Lagos and Aba) with a combined production capacity of 1.8 billion cans per annum and has facilities at various stages of development across other African countries including Kenya.

Visit Website

H.F.P. Engineering Limited (HFP) s a building and civil engineering company, which specializes in conventional building construction techniques, prefabrication systems and infrastructure construction and development.

Visit Website

Medplus is the largest Nigerian retail pharmaceutical business, with about three decades of successful operations and with a broad coverage in the key urban centres. Medplus has a robust portfolio of drugs, and non-drugs comprising beauty and consumer products. As part of its holistic approach to healthcare, Medplus also provides other complementary services including medicine use review, expert counselling, prescription management, free health screenings and chronic disease management.

Visit Website

Niyya Food and Drinks Company Limited is an agri-business with 10 million liters fresh fruit production capacity and 5 million liters Yogurt production capacity. Niyya currently manages a sizable orchard for fruit cultivation and manufactures and distributes fresh fruit juice and dairy products across Nigeria.

Visit Website

Oreon Education Limited (Oreon) was established in 2017. Oreon Education is an education investment vehicle set up to take advantage of the continued growth in demand for quality education in Africa and to partner with family-owned schools to achieve world class standards and enduring growth.

Oreon has invested in the following schools:

Greensprings educational services Nigeria (Greensprings) is an educational service provider offering well-rounded contemporary education from grade 0 to 12 in pre-primary, preparatory, secondary and post-secondary school. The school offers a blend of British and Nigerian curricula and also provides boarding facilities. Established in 1987 the Greensprings has grown from about 15 to 2,670 students in two campuses.

Visit Website

Rainbow College (RC) is a co-education day and boarding school offering secondary and post-secondary educational services. RC was established in 1996 as an all-boys private college. Rainbow College for girls followed suit in 1998, after which both schools were merged in 2005. Rainbow College offers a blend of British and Nigerian curricula to the secondary segment and the A-level programme to the post-secondary segment. The college operates two campuses; a day school at Surulere, Lagos and a Boarding school at Maba, Ogun state Nigeria. The latter houses the college’s post-secondary segment.

Visit Website

Pampers Private School (PPS) is a co-education day school established first as a nursery school in 1983. The primary school was included the following year; PPS has since grown to become a leader in the provision of elementary education in Nigeria; The school uses the British Early Years Foundation approach in the nursery section whilst operating a blend of the Nigerian and British curricula in the primary section. Currently the school operates two campuses, its first in Alaka, Surulere and another in Lekki, both in Lagos state, Nigeria.

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Rotoprint Limited (Rotoprint) is a leading manufacturer and printer of polyvinyl chloride (PVC) shrink labels which serve over 300 customers in Nigeria’s consumer goods sector, comprising mostly cosmetics, pharmaceuticals, and bottled water companies.

SacOil Holdings Limited (SacOil) is a South African based independent oil and gas company, with a diverse portfolio of exploration, appraisal and production assets across a number of African countries. SacOil also participates in several midstream and downstream projects across Africa. The company is dual-listed on the Johannesburg Stock Exchange and the Alternative Investment Market of the London Stock Exchange.

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Shaldag Limited (Shaldag) is a greenfield aquaculture production company with a state-of-art intensive aquaculture facility comprising hatcheries, nurseries, and on-growing sections that will be able to produce up to 10,000MT of catfish and tilapia per annum upon completion.

Spinlet Limited (Spinlet) is a mobile media distribution platform positioned specifically for the African market, which allows users to download and stream music to their mobile devices.

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Transnational Academic Group (TAG) provides private education and training services across West and East Africa. The group operates in two major divisions: University partnerships and Corporate / Professional Programs. The Corporate / Professional Programs division offers bespoke training and professional education programs to businesses and government agencies. TAG operates Lancaster University, Ghana and is looking to setup another university in East Africa.

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Our Tangerine Financial portfolio is made up of:
Tangerine Pensions
Tangerine Life
Tangerine General
 

UTL Trust Management Services Ltd (formerly Union Trustees Limited) (UTL) is a leading provider of trusteeship services, fund management, and nominee services to its clients, which include state governments, corporations and individuals.

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Africa Lifestyle
Pan-African
Consumer Retail
Africa Lifestyle Limited (ALL) is a retail platform for branded apparel, accessories and beauty products across West Africa. ALL currently holds franchises from several international fashion brands including Estee Lauder’s M.A.C. and Bobbi Brown brands of make-up, L’Oreal’s Maybelline (Cosmetics) and Levi’s Jeans. It is rolling out stores in malls and airports across Ghana, Nigeria and several other African countries.

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CSCS
Nigeria
Business Services
Central Securities Clearing System Plc (CSCS) CSCS is licensed by the Nigerian Securities and Exchange Commission and currently operates a computerized depository, clearing, settlement and delivery system for transactions in securities in the Nigerian Capital Market. It is currently responsible for settlement of all transactions on the Nigerian Stock Exchange as well as all equity and fixed income transactions on the two existing OTC platforms in Nigeria.

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Daystar
Nigeria and Ghana
Daystar provides Africa’s industrial and commercial sector with clean and reliable solar power. The company installs and operates captive power solutions, that can integrate solar power, battery storage and back-up generators for commercial, industrial and agricultural clients. Through its technology and systems, the company is able to reduce diesel consumption and energy costs for businesses with no upfront capital expenditure. Daystar is active in Nigeria and Ghana.

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DTRT
Ghana
Apparel
DTRT Apparel (DTRT) is West Africa’s largest apparel manufacturer that produces goods from its modern factories in Ghana for large clients in the US and Europe. The business has about 4,200 employees, with over 70% of them being women, and is committed to operating in an environmentally sustainable manner, creating local employment and positively impacting the communities it operates in.

Emzor
Nigeria
Pharmaceutical
Emzor Pharmaceutical Industries Limited (Emzor) is the leading manufacturer of branded generic pharmaceutical products in Nigeria, ranked as across #1, #2 and #3 the consumer health, OTC sales, and dietary supplements segments of the market, as well as a growing portfolio of ethical products. The company operates three factories in Lagos State, Nigeria, including one WHO-certifiable facility, and a recently completed state-of-the-art manufacturing complex in Ogun State, Nigeria. The group is expanding its footprint across the ethical segments of the drug market and exports products to several West African countries.

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GZI Industries
Nigeria and Kenya
Manufacturing
GZ Industries Limited is West Africa’s first and leading Aluminum beverage can manufacturing company. GZI currently runs two state-of-art manufacturing plants in Nigeria (Lagos and Aba) with a combined production capacity of 1.8 billion cans per annum and has facilities at various stages of development across other African countries including Kenya.

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HFP Engineering
Nigeria
Engineering
H.F.P. Engineering Limited (HFP) s a building and civil engineering company, which specializes in conventional building construction techniques, prefabrication systems and infrastructure construction and development.

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Medplus
Nigeria
Pharmaceutical
Medplus is the largest Nigerian retail pharmaceutical business, with about three decades of successful operations and with a broad coverage in the key urban centres. Medplus has a robust portfolio of drugs, and non-drugs comprising beauty and consumer products. As part of its holistic approach to healthcare, Medplus also provides other complementary services including medicine use review, expert counselling, prescription management, free health screenings and chronic disease management.

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Niyya Food and Drinks
Nigeria
Agri-business
Niyya Food and Drinks Company Limited is an agri-business with 10 million liters fresh fruit production capacity and 5 million liters Yogurt production capacity. Niyya currently manages a sizable orchard for fruit cultivation and manufactures and distributes fresh fruit juice and dairy products across Nigeria.

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Oreon Education
Nigeria
Education
Oreon Education Limited (Oreon) was established in 2017. Oreon Education is an education investment vehicle set up to take advantage of the continued growth in demand for quality education in Africa and to partner with family-owned schools to achieve world class standards and enduring growth.

Oreon has invested in the following schools:

Greensprings educational services Nigeria (Greensprings) is an educational service provider offering well-rounded contemporary education from grade 0 to 12 in pre-primary, preparatory, secondary and post-secondary school. The school offers a blend of British and Nigerian curricula and also provides boarding facilities. Established in 1987 the Greensprings has grown from about 15 to 2,670 students in two campuses.

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Rainbow College (RC) is a co-education day and boarding school offering secondary and post-secondary educational services. RC was established in 1996 as an all-boys private college. Rainbow College for girls followed suit in 1998, after which both schools were merged in 2005. Rainbow College offers a blend of British and Nigerian curricula to the secondary segment and the A-level programme to the post-secondary segment. The college operates two campuses; a day school at Surulere, Lagos and a Boarding school at Maba, Ogun state Nigeria. The latter houses the college’s post-secondary segment.

Visit Website

Pampers Private School (PPS) is a co-education day school established first as a nursery school in 1983. The primary school was included the following year; PPS has since grown to become a leader in the provision of elementary education in Nigeria; The school uses the British Early Years Foundation approach in the nursery section whilst operating a blend of the Nigerian and British curricula in the primary section. Currently the school operates two campuses, its first in Alaka, Surulere and another in Lekki, both in Lagos state, Nigeria.

Visit Website

Rotoprint
Nigeria
Manufacturing
Rotoprint Limited (Rotoprint) is a leading manufacturer and printer of polyvinyl chloride (PVC) shrink labels which serve over 300 customers in Nigeria’s consumer goods sector, comprising mostly cosmetics, pharmaceuticals, and bottled water companies.

SacOil
Pan Africa
Oil and Gas
SacOil Holdings Limited (SacOil) is a South African based independent oil and gas company, with a diverse portfolio of exploration, appraisal and production assets across a number of African countries. SacOil also participates in several midstream and downstream projects across Africa. The company is dual-listed on the Johannesburg Stock Exchange and the Alternative Investment Market of the London Stock Exchange.

Visit Website

Shaldag
Nigeria
Agriculture
Shaldag Limited (Shaldag) is a greenfield aquaculture production company with a state-of-art intensive aquaculture facility comprising hatcheries, nurseries, and on-growing sections that will be able to produce up to 10,000MT of catfish and tilapia per annum upon completion.

Spinlet
Pan Africa
Media and Technology
Spinlet Limited (Spinlet) is a mobile media distribution platform positioned specifically for the African market, which allows users to download and stream music to their mobile devices.

Visit Website

Tag
Accra, Ghana
Education
Transnational Academic Group (TAG) provides private education and training services across West and East Africa. The group operates in two major divisions: University partnerships and Corporate / Professional Programs. The Corporate / Professional Programs division offers bespoke training and professional education programs to businesses and government agencies. TAG operates Lancaster University, Ghana and is looking to setup another university in East Africa.

Visit Website

Tangerine Financial
Nigeria
Insurance
Our Tangerine Financial portfolio is made up of:
Tangerine Pensions
Tangerine Life
Tangerine General
 

UTL Trust Management
Nigeria
Financial Services
UTL Trust Management Services Ltd (formerly Union Trustees Limited) (UTL) is a leading provider of trusteeship services, fund management, and nominee services to its clients, which include state governments, corporations and individuals.

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Commitment

Our Policy

Verod is a responsible investor with a commitment to creating shared value deeply embedded through its operations both on firm and portfolio level. Verod aims to generate economic value in a way that also produces value and sustainability for the communities in which it operates.

Underpinning its corporate philosophy and growth path is an appreciation that its growth objectives cannot be achieved effectively without a committed focus on sustainable development; Verod firmly believes that successful investing and responsible investing are not mutually incompatible.

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Environmental, Social and Governance Policy Summary

This is a summary of Verod Capital Management’s ESG Policy. The information contained here is intended for information purposes only and should not be relied on for completeness.

1. Overview

At Verod, we recognise that it is critical for our investments to contribute to building sustainable societies and environments to achieve a return on investment. To this end, we are committed to developing, implementing and continuously improving management of ESG issues and to structuring investments with the policies, governance structures, targets and reporting systems to effectively manage the risks and opportunities that sustainable development presents.

In line with our ESG commitments, we will strive to ensure that adequate human, technical and financial resources are constantly available to ensure implementation of our ESG Policy.

2. Management Commitment

Verod’s board and executive management are committed to ensuring that adequate human, technical and financial resources are available to ensure implementation of the firm’s ESG Policy and to procuring that all firm, and portfolio company activities are carried out in a socially responsible and environmentally sustainable manner.

3. Principles

In order to meet our ESG objectives, we have set the following ESG operational requirements:

  1. We will conduct induction sessions to educate and inform new Verod personnel of the operational requirements and other aspects of the ESG policy and will continually enlighten and update our team on ESG issues and risks;
  2. We will screen our prospective investee companies for ESG risks, impacts and benefits prior to approving any investment through a well-defined due diligence analyses and decision-making process;
  3. We will strive to ensure that our portfolio companies comply with any agreed Environmental and Social Action Plans (resulting from our screening and due diligence) based on the IFC Performance Standards, AfDB Integrated Safeguard System and Operational Safeguard Standards and other applicable requirements, within an agreed time period;
  4. We will require the adoption of ESG and business integrity Standards by all of our portfolio companies, as well as their business partners and participants in their supply chains;
  5. We will monitor and report on our contribution to ESG development of our portfolio companies in a transparent, credible and timeous manner, based on a “three tier” framework involving a Director of Verod, a designated Fund ESG Manager, Senior Investment Officers, and Portfolio Company ESG Officers.
4. Applicable Codes and Standards

In implementing this ESG Policy, Verod has recourse to internationally recognised standards, national laws, ESG policies and standards of investors, and ESG requirements of side letters executed with investors.

In particular, Verod will have recourse to the International Finance Corporation Performance Standards, the African Development Bank’s Integrated Safeguard System and Operational Safeguard Standards, FMO’s ESG Policy and the World Bank’s General Environment, Health and Safety Guidelines.

Verod strives to ensure compliance and compliance by portfolio companies, with all applicable national laws, rules and regulations of any government, regulatory body, organisation and licensing agency but in the event of an absence of national standards and/or regulations in a relevant country, or a conflict between international standards or investors’ codes & standards, Verod and its portfolio companies comply with the more strict law, rule or regulation.

5. Resources and Capabilities

Financial resources required for implementation of Verod’s ESG Policy are incorporated in our annual budget and deal fees and expenses for potential investments always include estimates of ESG deal fees proposed to be incurred in relation to the relevant investment.

As a rule, external consultants are always engaged to perform, implement and oversee Social and Environmental Due Diligences for all Category A and Category B projects, whilst Social and Environmental Due Diligence studies for all Category C Projects will be conducted internally by the ESG Manager and Senior Investment Officer.

6. Reporting

Verod provides the following categories of reports to its investors:

  1. Major Incidents - The portfolio company ESG Manager is required to provide reports to Verod for further reporting to the Investment Committee and investors on significant incidents including Fires or explosions; Significant fuel/chemical spills; Significant pollution discharges above limits of normal operation; Major work-related injuries (including injured employees, contractors and members of public); Work-related fatalities (including deaths of employees, contractors and members of public); Incidents significantly affecting the health of employees, contractors or members of public); Regulator enforcement actions/notices; Major security breaches etc. Portfolio companies are to notify Verod of these issues as soon as they occur and Verod, in turn is to notify investors within 3 business days after becoming aware.
  2. Quarterly Reporting - The Fund ESG Manager will be responsible for compiling the quarterly reports in partnership with the Portfolio Company ESG Officer, which must detail all ESG policy processes and changes enacted during the period. Reports will include information on the categorisation of investments as well as details of progress with implementation of pre-agreed action plans and any corrective actions for identified noncompliance issues.
  3. Annual Report - Verod will deliver to investors, an Annual ESG Performance Report and Development Impact Report within 60 days of the end of the financial year. The report will afford Verod an opportunity to review or adjust the ESG Policy and identify areas for improving their implementation as necessary. It will include updates on Implementation and operation of ESG policies; ESG performance of the all applicable Portfolio Companies over the last twelve months, illustrating progress and challenges encountered since the last annual ESG report, and Status of Portfolio Companies respective Environmental and Social Action Plans (if applicable).
7. External Engagement

Verod’s ESG Policy reflects the firm’s fundamental beliefs as regards Environmental and Social issues. Verod however also values the opinion of portfolio companies, regulators, business partners and other stakeholders and aims to engage stakeholders continuously. This exchange of ideas provides relevant input for internal discussions and positioning on ESG issues.

To provide feedback as regards any aspects of the ESG policy or in relation to any environmental or social impacts of any Verod financed companies or projects, please contact Chigozie Ejimogu, Sustainability Manager at chigozie.ejimogu@verodcapital.com.

8. Review

Verod’s ESG Policy is reviewed annually unless an earlier review is triggered by recommendations of the Investment Committee and/or the LP Advisory Committee of its Funds.

We are commited to

We are commited to

Health and Safety

Verod is committed to safeguarding the health and safety of its employees, employees of underlying investee companies, and other stakeholders (including members of the host communities), by adhering to stringent policies on working conditions and labor rights. Verod insists on proper PPE for construction or manufacturing, adopts high standards in its food processing and handling, and typically implements processes to deal with waste management (including any hazardous waste), and protection of local resources such as groundwater and where appropriate, will also devise robust biodiversity conservation plans to protect local wildlife and ecosystem.

Job Creation

Verod typically aims to upgrade working conditions for jobs directly created or saved by Verod’s investments by standardizing terms of employment and offering better than minimum wages, including health care, pensions and related benefits. Verod actively supports the creation and expansion of indirect employment opportunities through partnership with local suppliers and service providers.

Developing Local Industries

Verod promotes the use of cutting edge technology in operation of its investees companies. Verod has also developed or supported companies that provide a viable import-substitution which results in technology transfer and development of human capital. This in turn has led to further advancement of local industries through partnership with local providers, knowledge transfer and know-how sharing, which can act as a catalyst for technological advancement within these local industries.

Energy Efficiency

Verod consistently promotes the adoption of energy-efficient technologies and processes in all of its investee companies and where possible, adopts eco-friendly energy sources that reduce environmental degradation, produce lower levels of CO2 emissions and are generally more cost effective.

Community Development

As far as practicable, Verod strives to employ from within the local community in which it operates and is a believer in early engagement with the community by adopting a proactive stakeholder engagement plan. Verod has donated free medical services, participated in youth apprentices, provided support to local schools and built roads that connect rural areas. Verod has found that improving local trading links positively impacts the local economy (and livelihood) of its surrounding communities.

Women Empowerment

Verod is a major advocate of gender equality and women empowerment and strives to ensure that all of its investee companies operate as equal opportunity employers of labor with well-entrenched rules against discrimination. Verod has invested in partner companies that are run by women, or that have predominant female senior management teams.

Signatories

Recognition

  • West Africa Private Equity Deal of the Year 2022

    West Africa Private Equity Deal of the Year 2022

  • GP Awards

    West African Fund Manager of the Year

  • PEA Award 2018

    Small Cap Deal of the Year

  • PEA Award 2016

    Outstanding First-Time GP

  • PEA Award 2016

    Exit of the year Large-cap (GZI)

Head Office

Verod Capital Management
Heritage Place, 6th Floor
21 Lugard Avenue
Ikoyi, Lagos, Nigeria
Telephone
+234 (1) 462 8646
+234 (1) 462 8647

Ghana Office

2nd Floor, Silver Star Tower
Plot 28 & 29, Airport City
Accra, Ghana
Telephone
+233 (302) 947 876

Mauritius Office

Ground Floor, The Axis, 26 Bank Street,
Cyber City Ebene 72201, Mauritius


Email
foundation@verodcapital.com
info@verodcapital.com
hr@verodcapital.com

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