Blackmorellc

Catalyzing Private Sector Growth

At BlackMore, we act as a venture capital engine, supporting local entrepreneurs and small to medium-sized enterprises (SMEs). By joining BlackMore, you help create a new generation of African companies that drive innovation, job creation, and wealth generation.

Alternative Asset-backed Investments: Diversifying for Long-Term Wealth

Diversification is key to preserving and growing wealth. At BlackMore, we focus on alternative investments in technology and commodities like gold. These asset classes offer lower correlation to traditional markets and provide opportunities for long-term growth and wealth preservation. We use alternative assets to strengthen investment portfolios, mitigate risks, and ensure financial stability for the future.

Investing in technology and commodities like gold
Providing diversification with low market correlation
Wealth preservation through alternative assets

How We Help: We offer clients diversified investment options that align with their long-term wealth goals, helping to safeguard against market volatility.

Real Estate: Unlocking Opportunities in Africa’s Urban Growth

Africa’s commercial real estate market offers substantial investment opportunities, particularly in sectors such as tourism, retail, logistics, and office spaces. With rapid urbanization, infrastructure growth, and an expanding middle class, BlackMore capitalizes on real estate projects that support Africa’s economic development. We focus on high-potential urban centers across the continent, offering investments that meet the growing demand for modern infrastructure and sustainable spaces.

Investing in commercial real estate across high-growth sectors like tourism, retail, logistics, and office spaces
Capitalizing on Africa’s urbanization and infrastructure development
Fostering sustainable, high-yield real estate projects

How We Help: We seek strategic investments that contribute to Africa’s urban development, providing innovative, sustainable real estate solutions while generating attractive returns.

Venture Capital: Fostering Innovation & Economic Inclusion

With a rapidly growing startup ecosystem, Africa is a hub for innovation. BlackMore focuses on investing in startups that drive technological advancement and promote economic inclusion. Our investments are centered in high-growth sectors like FinTech, AgriTech, HealthTech, and EdTech. By supporting startups with funding and strategic guidance, we help them scale and positively impact local communities.

Investing in high-growth startups in FinTech, AgriTech, HealthTech, and EdTech
Promoting economic inclusion and technological innovation
Building businesses that address local challenges and create scalable solutions

How We Help: We provide both capital and mentorship to high-potential startups, helping them grow, innovate, and build a lasting legacy.

Private Equity: Empowering Local Industries

At BlackMore, we see Africa’s industrial transformation as key to long-term wealth creation. Our private equity strategy focuses on local businesses that process raw commodities, helping them scale, transform, and add significant value. From agriculture and energy to manufacturing, we seek to invest in companies that contribute to Africa’s diversification, fostering sustainable economic growth.

Investing in value-added exports to process raw materials locally
Supporting growth in agriculture, manufacturing, and energy sectors
Creating jobs and contributing to Africa’s industrialization

How We Help: We partner with businesses to scale operations, develop innovative solutions, and drive positive social and economic impact.

Trade Finance: Bridging the Gap

Africa’s trade finance gap stands at a staggering $91 billion annually, and BlackMore is committed to bridging this gap. Our tailored trade finance solutions empower businesses to access the necessary capital to thrive in the global marketplace. From optimizing supply chains to enhancing cash flow, we provide strategic financing that drives intra-African trade, reduces risks, and unlocks economic potential.

Tailored trade finance solutions for importers and exporters
Boosting working capital and improving cash flow
Fostering regional economic integration and connecting Africa to global markets

How We Help: We work with businesses to develop financing structures that increase liquidity, streamline operations, and open doors to new markets.

A New Era – Establishing BlackMore as the Family Office

In 2021, BlackMore was formally established as our family office, bringing together other high-net-worth families to create a collaborative platform for growth and legacy-building. This milestone marked the culmination of our journey, reinforcing our commitment to creating lasting impact and generational wealth.

Reinvention and Resilience – Corporate Restructuring, Strategic Divestment, and New Ventures

Between 2016 and 2017, we underwent significant transformation. Movelle Co. Ltd. underwent a corporate restructuring, divesting several non-core business units, including logistics, agro-processing, and real estate, to streamline operations and focus on high-growth sectors. During this time, we also launched Veridian Holdings, a new company dedicated to exploring strategic investment opportunities, further diversifying our family’s portfolio and enhancing financial resilience for the future.

A Moment of Crisis – The Impact of Geopolitical Changes

In 2013, the company faced a major setback due to an unexpected shift in government policy, leading to substantial financial losses and a decade-long legal battle. This crisis tested our resilience but ultimately highlighted the importance of adopting more robust and resilient strategies to safeguard the family’s wealth and ensure long-term stability in an unpredictable environment.

Product Diversification – Expanding Our Portfolio

Between 2006 and 2008, we continued to diversify our product offerings, bringing in new categories such as cashews, rice, and other dry goods. Our strong logistical capacity and infrastructure allowed us to expand into these new markets, meeting the growing demand for diverse food products across West Africa.

A Major Infrastructure Investment – Expanding Our Capabilities

By 2005, Movelle had outgrown its initial facilities. We completed a significant expansion, increasing cold storage capacity to 42,000 MT and adding substantial dry warehousing space. This expansion strengthened our logistics and distribution network, transforming us from a local player into a regional leader in food importation and distribution.

Expanding Horizons – A Strategic Partnership with Marubeni

In 2004, we signed a strategic partnership with Marubeni Corporation, marking a major expansion beyond fish into the distribution of frozen products such as poultry. Leveraging our extensive logistical infrastructure, this partnership enabled us to meet a broader range of consumer needs across the region and diversify our portfolio even further.

Building the Foundations – First Cold Storage Facility

As our business grew, so did the need for advanced storage solutions. In 1997, we built our first cold storage facility with a capacity of 700 metric tons (MT). This facility ensured the freshness of our products and enabled us to meet the increasing demand for temperature-controlled storage in our growing supply chain across West Africa.

A New Chapter – The Creation of Movelle Co. Ltd.

In 1996, we recognized the need to scale our operations to meet the region’s growing demand for food imports. This led to the creation of Movelle Co. Ltd., which upgraded operations by transitioning from traditional wooden boats to metal vessels. This move boosted our operational efficiency and allowed us to tackle more complex logistics challenges, positioning Movelle as a leader in the importation and distribution industry.

Moving Forward – Expanding into New Territory

As the 1990s progressed, the demand for diverse food products grew. In 1994, we formalized our role as a major importer of fish, adapting to the region’s evolving needs. This allowed us to solidify our presence in the market and diversify our portfolio, paving the way for further expansion beyond seafood.

Adapting to Change – Diversification into Fish Importation

By the late 1980s, the abundant fish stocks in West African waters began to deplete. This posed a significant challenge to our operations. In 1989, we adapted by diversifying into fish importation. This shift not only helped address the local shortage but also positioned us to expand our reach, setting the stage for future growth in a broader range of food products.

A Humble Beginning – The Birth of Konadu Fisheries

Our journey began in 1984 with the founding of Konadu Fisheries, a small but ambitious venture focused on local fishing activities. At the time, the demand for seafood in West Africa was on the rise, and we recognized the opportunity to meet this need while supporting the livelihoods of many in Ghana and coastal West Africa. The company started with wooden fishing vessels, providing fresh fish for the growing market.

Attracting Global Partnerships

By joining BlackMore, your business has access to in-house expertise that can help structure your business to
attract global capital and strategic partners, often a critical factor for larger investment opportunities.

Maintain

In the wake of the legal battle and the realization that the family’s long-term success depended on more robust wealth preservation strategies, the leadership initiated a profound inquiry into the financial strategies employed by enduring, highly successful families—such as the Rothschilds and Rockefellers. These families’ ability to preserve and grow wealth across generations became a key area of focus for the family. Drawing on years of experience in international trade and the lessons learned from its own evolution, the finance division began steadily expanding its operations and expertise. This expansion led to the creation of a new business unit focused on wealth management and financial services. In 2015, the finance division was separated and became an independent entity, known as BlackMore. BlackMore was founded with the mission to help African businesses, families, and high-net-worth individuals thrive, while creating a lasting positive impact on the continent. The company takes a holistic approach to wealth management, focusing on both financial growth and sustainable practices to contribute to Africa’s economic development. By combining global financial expertise with deep local knowledge, BlackMore aims to empower clients to build enduring legacies for future generations

Attain

Founded in 1984, the company initially focused on equipping fishing vessels with cutting-edge technology to serve the growing demand in West Africa. In response to the region’s shifting market dynamics, the company expanded its operations to include direct fishing activities, transitioning into a full-fledged fishing enterprise. By the late 1980s, the decline in fish stock in West African waters prompted the family to diversify further. In 1989, it established an import/export division to address the increasing scarcity of local fish, marking the beginning of a new chapter in its business operations. By the early 1990s, seafood importation became the company’s primary focus. To support its expanded operations, the company developed a robust logistics infrastructure, which now includes over 45,000 metric tons of temperature-controlled storage and 23,000 meters of dry warehousing space across the sub-region. This infrastructure has enabled the company to efficiently handle the import, export, and distribution products throughout West Africa.

Retain

While the company’s status as a major protein supplier in the country holds considerable advantages in terms of market dominance and economies of scale, it also exposed the family business to significant risks. These risks include supply chain disruptions, natural disasters, cyber-attacks, regulatory changes, and geopolitical events—any of which could undermine operations. A pivotal moment came in 2013, when sudden and drastic changes in government policy led to substantial financial losses for the company and family by extension. This policy shift triggered a decade-long legal battle, which underscored the vulnerability of the business to unpredictable geopolitical environments. The prolonged legal dispute not only strained resources but also highlighted the need for the company to develop more robust risk mitigation strategies. As a result of these challenges, the family came to the realization that wealth retention and long-term stability require a more structured and strategic approach. In response, it implemented comprehensive measures, including collateralizing transactions, jurisdictional decisions amongst others.These steps were designed to create a more secure and resilient business model, helping the family safeguard its assets and mitigate the impact of future disruptions

Sustainable and Impact Investing

African family offices are increasingly adopting sustainable and impact-driven investment strategies. African families are uniquely positioned to lead in this space on the continent, using both capital and local expertise to deliver financial returns while contributing to Africa’s social and environmental goals.

Pooling Capital and Expertise

BlackMore allows families to pool their financial resources, expertise, and networks in a structured and strategic way. We believe that African families can leverage their collective strength to make more significant investments in sectors they may otherwise not be exposed to.

About us

Attain

Retain

Maintain

Benefits

Pooling Capital and Expertise

Attracting Global Partnerships

Catalyzing Private Sector Growth

Sustainable and Impact Investing

Mission

Vision

Mission

Vision

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