Harouna Foundation

The Prudence Harouna Foundation


 * Leadership: Chairman Conrad Harouna
 * Home Market: ECAS
 * Status: Technically a stand-alone entity, but all stock is in the hands of members of the Harouna Family who also operate as board members or executives in Global Resources Lmt
 * Corporate HQ: Homobonus Plaza, Lagos, Nigerian Commonwealth
 * Business Type: Investment and Asset Management

The most direct expression of the wealth of the Family Harouna, the Harouna Foundation represents the Family's collected wealth and possessions, with the view to increasing them whenever possible through good investments in companies and properties that the Foundation's chair and organizer, Conrad Harouna, believes will thrive in the future. The Foundation by itself is the second largest investment firm in Africa (only eclipsed by investment giant Souk).

Its relationship to Global Resources Lmt is complicated. Legally it is a separate entity, but since stock is limited to Family members, it is unusual when one of its stockholders ISN'T a GR executive of some sort and the Foundation has a number of important deals and contracts with Global Resources that gives the mining and agricultural giant right of first refusal on almost all Foundation projects. A 'subsidiary in all but name'.

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