Investing in social good for impact is the driving objective of the newly launched PAC Foundation. The Foundation was launched by the Deputy Governor, Lagos State, Dr. Obafemi Hamzat at the PAC Forum 2019 which held on Wednesday 3 July.
The Deputy Governor of Lagos state whilst launching the Foundation commended the Board and Management of PanAfrican Capital Holdings, stating that its activities will ultimately be beneficial to the Lagos economy.
The PAC Foundation will support different government agencies across the four focus areas – Education, Health, Environment and Economic Empowerment. On Education, the rationale behind the foundation is to connect young enthusiastic Nigerians with educational opportunities at various tiers and also motivate innovation to unearth talented future professionals through Innovation Challenge, sponsoring competitions, amenities, and career fairs. With increasing climate stress and environmental pollution, the Foundation will support “Green” projects in Nigeria such as recycling and tree planting initiatives, community sanitation and the likes. It will also engage in neighbourhood hunger & health drives whilst fostering economic empowerment through vocational training and subsidizing vocational tools.
In response, CEO, PanAfrican Capital Holdings, Chris Oshiafi said, “PAC Holdings is a company with huge commitment to social investments, willing and able to dedicate time, expertise and resources towards social causes for the good of all”.
The PAC Foundation is the Corporate Social Responsibility (CSR) arm of PanAfrican Capital Holdings, a proprietary investment company with special focus on key sectors across emerging and frontier markets in Africa.