4Stone Capital to expand investment footprint in The Gambia

The move is inspired by the abundant opportunities the country offers. Dr. Elizabeth Kings-Wali, Managing Director of 4Stone Capital, shared the company’s plans at a press briefing yesterday where she noted that The Gambia was a key focus due to its vast untapped potential.

“We are looking at investing in The Gambia because of the great opportunities the country presents,” Kings-Wali stated. The briefing, which gathered prominent stakeholders from the African property market, included Dr. Fatoumatta Gaye, CEO of Top Solutions; Aikesh Pindoriya, Director at Swami India International; and Nyillan Fye, Business Development and Corporate Relations Manager at Global Properties. Kings-Wali described The Gambia as a “virgin land with great investment opportunities,” emphasizing the country’s hidden potential despite its small population.

Kings-Wali elaborated that 4Stone’s decision to explore The Gambia was part of a larger strategic vision for African expansion rather than focusing solely on Nigeria. “This isn’t about just exploring Nigeria or being everywhere, because Nigeria, with its 36 states, presents its own set of challenges. We can’t be present in all states, but we are starting with Africa, and that’s why we are looking at The Gambia,” she explained.

Although the company has recently ventured into real estate in Nigeria, Kings-Wali sees the sector as a versatile and ever-evolving field. “We’ve entered the real estate sector in Nigeria, starting with Abuja, the Federal Capital Territory.

Regarding The Gambia, it is a well-known tourist destination with beautiful beaches and surrounding waters. We are excited to offer vacation homes in this vibrant market,” she added.

Kings-Wali, with her extensive background in the finance sector, noted that 4Stone Capital also facilitates sector citizenship for individuals, which adds another layer of opportunity for potential investors in The Gambia. “This may be our first international foray, but it won’t be the last. 4Stone is diversifying into the global market,” she affirmed.

Reflecting on Nigeria’s challenging financial environment, Kings-Wali remained hopeful about the nation’s future prospects. “The financial market in Nigeria has faced many challenges recently, but we are optimistic that we will see positive changes before the end of the year. The government’s new policies will have a significant impact, and we expect to see their effects soon,” she stated.

Nyillan Fye, Business Development and Corporate Relations Manager at Global Properties, encouraged Nigerians, both locally and abroad, to consider the Gambian property market. “The Gambia is a small country, but it is full of potential. We invite Nigerians to come and explore the opportunities here. The Gambia offers an ideal location for a weekend getaway or a long-term investment. A one-bedroom apartment could earn up to $10,000 annually in rental income, making it a lucrative investment. With thoughtful planning, the property can pay for itself in five to seven years,” Fye explained.

Fye highlighted the changing lifestyle, convenience, security, and developing infrastructure in The Gambia as key factors that make it an attractive destination for investors. “We have been showcasing The Gambia’s property market to Nigerians, and I believe 4Stone Capital, as a leading investment company, would find real estate to be a valuable entry point into the Gambian market,” she added.

Fye also spoke of the spirit of The Gambia, saying, “Although we have a small population of about 2.6 million people, our country is known for its warmth, joy, and vibrant culture. We are always smiling and making others happy. It’s only natural for 4Stone Capital to invest in a place as welcoming as The Gambia.”