About Africap
Africap LLC was formed for the primary purpose of seeking capital appreciation by investing in small and medium sized enterprises in Africa. Africap focuses on involving itself in Social Oriented Investment, designed to increase Africap’s sphere of influence in Africa and thereby create priority access to other more traditional business opportunities in the region. Read more of the company profile
Information on Africa
The continent of Africa is known for being both a resource-rich area representing the second largest land mass and being populated by approximately 15 percent of the world's citizens many of whom are believed to be members of a growing base of consumers.
Interactive Map of AfricaAfrican Stock Exchanges
More Information on Africa
Transfer and Member Distribution Agent
For membership unit holder's address changes and distribution check replacement, please contact:
Equiniti Shareowner Services
(p) 800-468-9716
Contact Info
Accountant Info
For K-1 information, please contact:
Robert Lea
791 Town & Country Blvd.,
Suite 250
Houston, TX 77024
(p) 713-260-1416
(e) rlea@fcacorp.com
Member Distributions
The company has adopted, subject to change by the managers, a policy of distributing the prior year's annual taxable profits (excluding cumulative capital gains) in the following year.
In 2014 members received units. A 1% owner of Africap LLC received 10,000 units out of 1,000,000 issued. There are currently 921,964.60 units outstanding after the 2014 Redemption.
Distributions have been declared and paid for all years up through December 31, 2010 and for 2012, 2013, 2015, 2016, and 2017 years. Distributions for 2011 and 2014 have not been paid. The board will authorize the payment of distributions for prior years once there is adequate cash to do so. Cash flow has been used to reduce debts of Africap. Debt was incurred in prior years to fund new portfolio acquisitions. In 2014 additional debt was incurred to redeem units. This debt has been repaid in 2018.
Distributions since inception total $3.39 per unit. In addition, foreign withholding income tax credits have also been distributed in some prior years, which can be used by members as a credit against U.S. income taxes.
The prior year earning not distributed as of 10/25/2018 are as follows:
Per Unit
Fiscal Year 2011 $1.3145
Fiscal Year 2014 $1.2202