Our Sectors
Energy
The importance of energy in accelerating the economic growth of the African continent makes it a key priority for DFC Holdings Ltd as we work towards a more prosperous continent. Countries that have accelerated their development have done so through massive investment in energy generation and Nigeria and Africa cannot afford to be left behind.
The limited availability of electricity for both commercial and domestic consumption continues to slow down the economic growth of the continent, driving up cost of production and negatively affecting every sector of the economy. With over one billion people, Africa accounts for over a sixth of the world’s population, but generates only 4% of global electricity.
Africa’s dream of speedy industrialization is hinged on efficient electricity supply. At the moment most consumers resort to self-help for their electricity needs and the consequences in business costs are enormous. The World Bank reckons that 500m sub-Saharan Africans are without what it calls “modern energy”. The significant amount of energy requirements in Nigeria and Africa come from natural resources.
Nigeria’s energy deficit is a critical factor militating against the economic development of the country. With a population of about 200 million, Nigeria currently generates about 3879MW of electricity while South Africa with a population of 54 million generates about 58,095MW. The world’s demand for oil and gas is projected to grow from 47.5% to 82% by 2030 respectively and Africa’s proven oil reserves of 101.8 billion barrels or 8.87 per cent of world reserves presents a massive opportunity for investors.
Whether from non-renewable energy like coal and oil and gas or from renewable energy like Solar, Wind or Hydroelectric, the deficit in Nigeria’s energy sector provides massive opportunities for investors willing to partner with us by investing in Nigeria’s energy sector.
With the world gravitating towards clean energy and electric cars becoming the reality of today’s world, DFC Holdings Ltd is committed to providing affordable energy, expanding opportunities for both investors and businesses and making our continent more prosperous. Our goal is to reduce the energy deficit in Africa by increasing the overall energy output in Africa by 5%.
DFC is constantly challenged by these gaps in the energy sector and we see them as huge business opportunity. We have positioned our subsidiary DFC Energy Serve and our affiliate company; Genesis Energy Group
Infrastructure development
Physical infrastructure is often viewed as the “wheel” of economic activity since it provides the environment for productive activities to take place and facilitates the generation of economic growth. Presently, Nigeria and Africa face serious infrastructure gap. Nigeria’s infrastructure deficit is estimated at $100 billion annually. While the financing for African Infrastructure currently falls short by between $68 billion to $108 billion per year, the African Development Bank estimates that Africa’s infrastructure needs are between $130 and $170 billion per year. The massive deficit in this sector has continued to slow down economic growth as no meaningful sustainable growth can be achieved without investment in infrastructural development.
While poor infrastructure funding may be a challenge, the issue many investors in the infrastructural sector face is poor understanding of the unique social, political and economic situations in Africa which often leads to poor implementation of infrastructure projects.
At DFC Holdings, our goal is to leverage on our understanding of the Nigerian and African environment to close up the infrastructural deficit by 5%. In order to reduce the infrastructure deficit in Nigeria and Africa, we believe that Africans must lead the way in creating partnerships and collaborations that enable sustainable investment in infrastructural development.
Through three of our subsidiaries namely Rural Steel Bridging Limited, Site Services Technologies Limited and African Green Projects Limited, we have continued to play a major role in the physical and social infrastructural development in Nigeria and Africa. As we continue to expand, our strategic focus is the development of steel bridging in Nigeria, construction and equipping of hospitals, construction of quality and affordable homes, installation of water and sewage treatment plants, water reticulation and installation and maintenance of smart metering systems.
Our commitment in this sector has created over 5000 direct and indirect jobs through the following associate and subsidiary companies:
Financial Services
Finance is the livewire of every business venture and is a major component for the incubation of small and medium scale industries in any nation. With limited banking penetration in Africa, DFC Holdings through our substantial investments in Fortis Mobile Money, Fintech Inclusion Centre and Microbiz Inclusion Centre have championed the cause of Fintech and mobile money penetration & adoption in the country by servicing customers who were traditionally neglected by commercial banks whilst also creating a way to obtain financial services through cooperatives and development finance.
Our creativity has worked with modern technology platforms to provide financial solutions to those at the base of the economic pyramid in Nigeria.
Given the knowledge base of our Finance Team, led by DFC Capital Ltd a Security and Exchange Commission (SEC) licensed portfolio manager/corporate advisor has been set up as the platform to provide financial advisory services for our principal investments opportunities and fund management.
Healthcare and Medicals
Every year, tens of thousands of Nigerians travel abroad for medical assistance. According to Nigeria’s Ministry of Health, Medical tourism costs Nigeria an estimated $1 billion dollars annually. The health care sector in Nigeria is in need of quality investment in order to close up the deficit that causes capital flight as people travel overseas in search of quality healthcare.
With a population of about 200 million people, Nigeria’s health sector has an annual deficit running into almost $10 billion dollars in health infrastructure and the current 4.5 percent of the total government budget for health is not enough to cater for the needs. This deficit results in a consequent economic loss of about $1 billion dollars to medical tourism.
At DFC Holdings, we believe that private sector participation can transform the health sector, create opportunities for investors while saving lives in the process. At DFC, we believe that health is wealth and a healthy nation is a wealthy nation hence our investment in the health sector is not entirely driven by profits. We see our investment as corporate social responsibility structured in a sustainable plan that guarantees return on investment.
Our investment so far in the Health sector has been pivotal in creating jobs and quality healthcare services. DFC Holdings through our subsidiary, DFC Health Park Limited, Site Services Technology Limited, DFC Medical and Diagnostics Limited is working with our partners to build a world-class international diagnostic center to be located in 3 cities in Nigeria namely – Abuja, Lagos and Enugu
Transport and Logistics
Nigeria’s transport and logistics sector holds a great opportunity for the country’s growth and development. Movement of people and goods from one place to another is essential to human existence. However, in Nigeria, heavy infrastructure deficit has made the opportunities in the sector largely untapped and currently provides investment opportunities for investors in the sector.
According to Nigeria’s National Integrated Infrastructure Master plan, the transportation sector will require a total investment estimated at about 3 trillion dollars to meet the deficit in the sector by 2043. While many people see the challenges, we at DFC see an incredible opportunity to close this gap.
Through one of our affiliates, BossBus Technologies, we are closing up this deficit by creating a world class transport and logistics company backed by technology that will facilitate the movement of people and goods from one place to another.
With our signature of excellence in the sectors we operate, BossBus is being positioned as a premium brand known for excellence in service delivery. Other exciting investments are also under way in this sector as we strive to create opportunities for profitable investment and growth.
Agro Allied resources
DFC Holdings considers agriculture as the engine of Nigeria’s economic growth and development. With over 70% of Nigerians employed in that sector and an average annual GDP contribution of about 40%, this is a sector that has to be taken seriously. DFC Farms and Resort Limited is interested in entire value chain in the agricultural development.
We are currently exploring opportunities to co-invest with our partners to set up a fertilizer plant in Nigeria.
We are equally finalizing arrangement to establish Hydroponic farms in three geopolitical zones of Nigeria for enhanced vegetable production for retail and industrial use. Our current areas of interest are the management of livestock farms and abattoirs belonging to Government agencies. Other areas of interest for DFC Farms include meat processing and packaging, fruit processing and concentrates.
Technology
In the world of life and business, the emergence of technology has reshaped how we do everything, enabling us to accomplish much more in less time and helping connect the world with a click of a button.
As a forward-thinking company, technology is at the heart of what we do at DFC. We are constantly looking for ways to maximize investment as we leverage on the multiplicity of opportunities in the Nigerian and African business environment.
Nigeria’s Tech ecosystem is robust and is reflective of the opportunities that abound in the Tech sector for the African continent. Today, while Technology is enabling the growth of various sectors, there is still a yearning deficit that technology can fix in terms of creating opportunities for economic growth.
Technology helps us in connecting the dots in our investment in various sectors of the economy. We are using Technology to build profitable businesses that solve real problems in the various sectors we operate.
Our investment culture is connected to our quest towards solving Africa’s business challenges. Our subsidiary, DTH Africa is an innovative company providing technology support services to startups and other companies. Our affiliate company, Bizpotta is Nigeria’s first integrated business solutions portal, while in the transportation sector, BossBus Technologies is creating a world-class transportation system using cutting-edge technology.
As we grow, we would continue to expand our interest in Technology, simplifying processes, solving problems, and leveraging opportunities for profitability.
How We Do It
Leveraging innovators and solutions through business insight, strategic vision, and investments.
Innovation
We drive innovation through inventive thinking.
Investments
We pull investments to help grow and expand our portfolio brands.
Business Development
We provide world class business development and growth services.
Startup Strategy
We’re passionate about spotting and scaling budding ideas in the African space.