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MGG Financial Services Group
MGG Financial Services Group, registered and located in Sao Tome, is the Financial Services Subsidiary of MGG Holdings. MGG Financial provides integrated, one-stop financial services including banking, insurance, securities trading, micro credit, and asset management. The company has applied for banking licenses in two African countries and it is hoped that these licenses would enable the company to widen the scope of its services.
The companies in the MGG Financial Services Group are:
- MGG Bank
- MGG Securities & Asset Management
- Diaspora Credit
- Life of Africa Insurance
MGG Holdings is a holding company with interests in the food production and processing, aviation, energy, finance, real estate development, telecommunications, trading and manufacturing sectors.
Additional subsidiary companies of MGG Holdings are:
- MGG Energy
- MGG Energy is a diversified Energy conglomerate involved in energy production, transmission, conversion, distribution, and trading. The company is incorporated in the Democratic Republic of Sao Tome and Principe, and is present all over the African Continent. The company also has an office in the USA.
- MGG Foods
- MGG Foods, registered and located in Sao Tome, is an integrated food production, storage, and processing company. The company is currently setting up an integrated Poultry Complex in Nigeria and an Integrated Sea Food Complex in Sao Tome. The company is also exploring the feasibility of Orange and Mango Plantations in Nigeria, and a Coffee Venture in the Great Lakes Region of Africa. The company is currently negotiating a 40,000-acre farm joint venture in Zimbabwe.
- MGG Industries
- MGG Industries, registered and located in Sao Tome, is currently developing a number of medium scale industrial projects. These include a Cement production industry and a Brewery. The company is also evaluating core-investor opportunities in the on-going privatization process in a number of African countries, including a glass manufacturing company in the Great Lakes region.
- MGG Pharmaceuticals
- MGG Pharmaceuticals, registered and located in Nigeria, is involved in new drug development research, drug manufacturing, and drug marketing. The company operates a state of the art drug research and development laboratory in Akwa Ibom State, Nigeria. The company is currently in the process of setting up a drug manufacturing complex in the Great Lakes Region which would concentrate on HIV antiviral drugs.
- MGG Entertainment
- MGG Entertainment, registered and located in Atlanta, Georgia, USA; is an integrated entertainment company involved in talent development, talent management, record production, movie production, theatre ownership and management, and entertainment promotion.
- MGG Telecommunications
- MGG Telecommunications, registered and located in Sao Tome, is an integrated telecommunications services provider. The company is in the process of entering into an alliance with a leading telecommunications equipment manufacturer. It is envisaged that this alliance would enable the company to bid for integrated telecommunications licenses in various emerging markets.
- MGG Aviation
- MGG Aviation, registered and located in Sao Tome, provides aircraft charter, leasing, and maintenance services. The company is investing in a million dollar aircraft maintenance facility in Sao Tome. The company is capable of providing air charter services and can arrange for the long term leasing of aircraft. The company also provides airport management services.
- MGG Development
- MGG Development, registered and located in Atlanta, Georgia, USA, is a property development and management firm. The company develops and manages commercial and residential real estate. The company also manages tourist resorts and hotels. The company is currently developing a 1200-Unit housing project in a joint venture with the Government of an African country.
MGG Holdings has a corporate mission of recognizing global business possibilities, creating global business opportunities from such possibilities, and utilizing such opportunities to make a positive global business difference.
MGG currently has operational presence in 10 Countries on 4 Continents.
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