Mozambique: Transporters return to operating in KaTembe
Edgebold Mozambique announces appointment of Mrs. Safura da Conceição as board advisor – Press Release
8:17 CAT | 29 May 2020
Photo: Supplied
Edgebold DMCC based in the United Arab Emirates owns the majority of the equity capital of five companies in Mozambique commonly known as ‘Edgebold Mozambique’.
The Board of Edgebold DMCC announced today that Mrs. Safura da Conceição would be joining the Advisory Board of First Base Lda which offers management services and strategic direction to Edgebold Mozambique.
“Safura’s background, proven abilities and management expertise have impressed us enormously” said Edgebold DMCC Chairman of the Board, Charles Davies. “Her talents and experience will be invaluable to Edgebold Mozambique at this challenging time in the Group’s development. Like many companies in Mozambique, Edgebold is reorganising its business as a result of the State of Emergency in due to the COVID outbreak and we welcome her support and involvement as we prepare for business to return post COVID. We are excited to have Safura on our Advisory Board and look forward to working closely with her.”
About Edgebold
Edgebold was founded in Dubai in 2011 with the purpose of growing businesses in Southern Africa by investing in promising existing companies and by establishing new ones. Our companies have great synergy with each other although they are in a diverse range of sectors. The team at Edgebold is committed to the development of its companies over the long term both for its own benefit and for the benefit of the countries in which it operates.
Over the last decade discoveries of significant natural resources in Southern Africa have generated the need and demand for many large-scale infrastructure projects. Although there are number of key economic drivers of Southern Africa Edgebold believes that the addition of these large scale infrastructure projects to the region’s economies will accelerate the growth that has been enjoyed over recent years. Our strategy has been and remains to invest in, build and manage sustainable businesses that support the region’s economies. We believe the recent economic successes of the region are just the beginning of a sustainable, deep-rooted and long-term growth.
To date Edgebold has developed five companies to provide a wide range of products and services to its customers in real estate, the supply of offshore and onshore provisions, transport, construction and quarrying, logistics and storage. Over time Edgebold will develop more. Although we predominantly control the companies we invest in we remain open to supporting other businesses as a minority shareholder and we also pursue joint venture projects that are complementary to other businesses in our portfolio.
Edgebold’s investment capital derives from the proceeds of the sale of a previous business owned by its founders. Being funded with our own private capital enables us to be flexible in our pursuit of interesting opportunities, and to act with greater speed and agility than funds or institutions managing money on behalf of third parties. We have been able to streamline our decision making process so we act in a responsive and dynamic way to changing opportunities in the marketplace.
Source: Edgebold Mozambique / Press Release / edgebold.com
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