UAE-based firm enters into alliance for expansion

Sajjad Ahmad, Deputy Business Editor

UAE-based Fincasa Ventures, one of the leading investment firms announced that it has entered into a strategic collaboration with Emerging Africa Investments, a financial services firm to accelerate its presence in the Middle East and North Africa (Mena) region.

As part of the new collaboration, both companies aim to improve competitiveness in the region by fostering investment, innovation and entrepreneurship, whilst bolstering human capital and technology capabilities to achieve a sustainable future. In addition, this collaboration will serve as catalyst for Middle East’s emergence to attract global investments.

Commenting on the recent collaboration, Mark Yong, Chairman Emerging Africa Investments, said: “We are delighted to collaborate with Fincasa Ventures and are excited to work together to support their expansion agenda. We have had a long-standing partnership with Fincasa Ventures and this new collaboration will position the company to capitalise on accurate synergies and development opportunities.”

Referring to the collaboration, Varis Sayed, Chief Executive Officer of Fincasa Ventures said, “We are glad to partner with Emerging Africa Investments. The choice to collaborate is strategic, and fits into the wider business goals of Fincasa, supporting the growth and development of our global presence. While Emerging Africa Investments’ will play a major role in strengthening our current relationships in the African market, this partnership will facilitate new business opportunities for Fincasa in the Mena region.”