Chams Holding Company Plc, a prominent player in Nigeria’s technology and financial technology (fintech) landscape, has unveiled ambitious growth plans, projecting a substantial 245% surge in operations and a remarkable N32 billion profit margin by December 2025. This announcement, made during a recent investor roadshow in Lagos, underscores the company’s commitment to solidifying its market position and capitalizing on the burgeoning opportunities within the Nigerian tech ecosystem. The roadshow served as a platform to showcase Chams’ ongoing rights issue and private placement offer, a strategic initiative aimed at raising N7.65 billion to bolster its financial foundation and drive long-term value creation for its shareholders.
The capital raise comprises two key components: a rights issue of 2,348,030,000 ordinary shares at N1.70 per share, and a private placement directed towards select investors. This dual approach allows existing shareholders to maintain their proportional ownership while simultaneously attracting new capital from strategic partners. The influx of funds will be instrumental in fueling Chams’ expansion plans, enabling the company to invest in innovative technologies, enhance its product offerings, and expand its market reach. The management team emphasized that this capital injection will lay the groundwork for sustained growth and pave the way for more frequent and substantial dividend payouts to shareholders in the coming years.
Mayowa Olaniyan, the Group Managing Director of Chams, expressed confidence in the company’s trajectory, citing its strong performance and growth potential as key drivers of future success. The investor roadshow, she explained, served as a testament to Chams’ commitment to transparency, innovation, and strategic growth. By engaging directly with investors, the company aims to foster a strong relationship built on trust and mutual understanding. Olaniyan reiterated Chams’ dedication to delivering value to its shareholders and partners, emphasizing the company’s belief in collaborative growth and shared prosperity.
The investor community responded positively to Chams’ presentation, with many expressing optimism about the company’s future prospects. One investor, highlighting the company’s strategic positioning within Nigeria’s rapidly evolving tech sector, described Chams as “the next best opportunity for investors interested in Nigeria’s tech-driven innovation revolution.” The attractive share price further solidified investor confidence, signaling a potentially lucrative investment opportunity. This positive sentiment reflects the growing recognition of Chams’ potential to capitalize on the transformative power of technology in Nigeria’s dynamic economic landscape.
Charles Sanni, Executive Director of Cowry Asset Management, the lead issuing house for the capital raise, emphasized the strategic timing of the rights issue. He noted that Chams’ consistent ascent within the African fintech market creates an opportune moment to secure additional capital, enabling the company to accelerate its growth trajectory and capitalize on emerging market opportunities. This strategic move aligns with Chams’ vision of becoming a leading force in the African fintech space, leveraging its innovative solutions and strong market presence to drive financial inclusion and empower businesses across the continent.
The successful completion of the rights issue and private placement will mark a significant milestone in Chams’ journey, providing the company with the necessary resources to realize its ambitious growth plans. With a focus on innovation, strategic partnerships, and a customer-centric approach, Chams is poised to solidify its position as a key player in Nigeria’s technology and fintech ecosystem. The company’s commitment to transparency, coupled with its strong track record and ambitious vision, positions it for continued success in the years to come, creating value for its shareholders and contributing to the growth of the Nigerian economy.
