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Nabil Moukarzel owns the most shares by value in The Finatrade Group which is one of the largest food manufacturing and food distribution companies in West Africa. Moukarzel’s company is Ghana’s largest distributor of food and importer of rice with its Rice Master and Sultana rice brands.Finatrade, through its subsidiaries, distributes and markets raw commodities and frozen foods. It offers vegetable oil, sugar, rice, cocoa, meat, ice cream, dairy products, beverages, powdered milk, animal feed, tiles, granite, marble, false ceilings, sanitary and kitchen ware. Additionally, the company provides warehousing and logistics services. Finatrade is the largest commodity and distribution company in Ghana, with presence in seven West African countries. Moukarzel employs over 2,000 Ghanaians.
NET WORTH SUMMARY
Ghana Market Direct Ltd, a subsidiary of Finatrade Group, is an FMCG company which distributes well known international branded soft commodities and a range of own brands which includes Sultana, Rice Master, Bella, Delicio. Finatrade controls 50 percent out of the 70 percent of rice imports in Ghana.Market Direct Limited directly services 8,675 customers from a fully integrated logistics operation comprising 16 warehouse with combined space of 20,000 sq. meters.Finatrade is the largest importer of Ceres, AMARULA, CARLBERG, Countre Milk, Heinz and household care items from renowned suppliers and popular long-standing international brands like NIVEA and FAULTLESS.Akuafo Adamfo a subsidiary of Finatrade is a licensed cocoa buyer and the second largest cocoa buying company in Ghana with a market share of 13 percent.Davenport Developers has been a pioneering force in the real estate landscape since its inception in 1997. Davenport Developers owns and manages a high-quality investment portfolio of 60,000 square meters that include large residential communities, office buildings, retail centres, and warehousing facilities in West Africa.
Continental Commodity Trading Company (CCTC) another subsidiary signed a GH¢17 billion contract with House of Rhema, a local rice agent based in Afife to produce made in Ghana perfumed rice for local consumption. It further signed a GH¢2.5 billion contract with Messers O, another local rice agent to supply long grain non perfumed rice from Asutuare in the Eastern Region. CCTC’s total capital contribution to local rice development in 2007 reached GHC1.95 million, the first in a kind by a soft commodity marketing company in Ghana.The Group also own a $13 million state of the art pasta processing plant. The plant was built by Dry Foods Processing Limited; a member of Finatrade Group of Companies. This Company exports about 50% of its products to West African countries including Cote d’Ivoire, Togo, Benin and Sierra Leone.A partnership between Finatrade Group and Distell Group based in South Africa has built and commissioned a GHC 16 million bottling plant to produce locally Hunters Gold, Savanna Dry cider, Knight Whisky.The Finatrade Group has since 2003 initiated a GHC 9.4 million Agricultural Sector Student Scholarship scheme to assist brilliant but needy students to undertake undergraduate courses at the various state universities.
Nabil Moukarzel is estimated to worth $900 Million
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