Agricultural Project Formako Farms Shows First Returns for Lakewood Asset Management Investors

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Agricultural Project Formako Farms Shows First Returns for Lakewood Asset Management Investors

Lakewood Asset Management is pleased to report the successful progress of one of our African agribusiness investments, headed up by Ghana’s ex Minister of Agriculture Dr Abdel Majeed. The clients have now received the first returns from the Ghana-based agricultural project; an impressive 7% within the first four months of the purchase agreement. The smooth progress of the farm is a testament to the work of the highly experienced management team, and the quality of the land itself. Based in one of Ghana’s primary cocoa-growing regions, the land is ideally placed in terms of soil quality and climate.

Lakewood Asset management is delighted with the way this project has developed so far and look forward to many more bountiful harvests in the coming months and years. On top of the financial success of the project, important headway has been made in improving the infrastructure for local people and in the provision of jobs. As the project matures Formako Farms hopes to see even more social improvements for the local farming community and eventually hope to provide jobs for at least 400 Ghanaians.

Lakewood Asset Management is dedicated to providing exceptional customer service as well as a wide variety of quality investment options that complement individual portfolio requirements. Last year saw Lakewood expand its commitment to contact point service with the opening of a new office in Cape Town, South Africa as well as a new representational office in Accra, Ghana. Presence within the region has allowed Lakewood Asset Management to build on relationships already established in the continent and build up in-depth knowledge of the local markets. This expertise continues to inform all our decisions in the region and has allowed us to hand pick the most exciting new asset opportunities for the clients.

One of our investors who does not want to be named describes his experience with the Ghanaian investment project below:

...My honest opinion on this project is that it was the right decision to invest. I liked the ideology behind the project and its multiple aims of looking after the local and distant (investor) interests.
The surprising factor has been the speed of financial return for me and how it is exceeding my expectations….

The project manager’s achievements have been an inspiration. They embraced the technology available to them to meet the small investor’s expectations for the dividend payments. I am sure the project will grow and be an example to all on maximizing the potential of the area for the benefit of all those involved.

For small investment and steady return I would recommend this project without hesitation to anyone…

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Wiehahn Gerber (Group CEO)
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