Minoil Capital
Minoil Capital is a United Kingdom based holding company comprised of seasoned professionals from the Commodity, Mining, Logistics and Financial Services.
About Minoil Capital
Minoil Capital was founded by a group of experienced professionals from the Commodity, Mining, Logistics and Financial industries.
Leveraging our previous experience, we are focused on trading activities across a wide range of agro-commodities and supply chain investments in targeted African destinations.
Our geographical focus is North Africa and the Horn of Africa – regions where we have cultivated an extensive network of relationships in-country, set-up local teams on the ground and historically accumulated both in-depth operating experience and a deep cultural understanding.
Leveraging our previous experience, we are focused on trading activities across a wide range of agro-commodities and supply chain investments in targeted African destinations.
Our geographical focus is North Africa and the Horn of Africa – regions where we have cultivated an extensive network of relationships in-country, set-up local teams on the ground and historically accumulated both in-depth operating experience and a deep cultural understanding.
Our Track Record
Minoil Capital's commodity team have significant experience in soft commodity trading and have successfully secured and executed large contracts under complex logistical environments.
• We have been originating and handling several million tons of bulk agricultural commodities, mostly grains and edible oil in the North- East African region.
• We have built a solid track record of originating deals, building sustainable infrastructure and providing the highest delivery performance to sovereigns and private corporate clients in a region that has been historically under-served by merchants.
• Minoil's management have strong business and family ties in key African markets, such as Ethiopia, Sudan, Egypt and Djibouti. These deep local connections have been invaluable in understanding the cultural environment and establishing a sustainable operating framework across the region.
• We have built a solid track record of originating deals, building sustainable infrastructure and providing the highest delivery performance to sovereigns and private corporate clients in a region that has been historically under-served by merchants.
• Minoil's management have strong business and family ties in key African markets, such as Ethiopia, Sudan, Egypt and Djibouti. These deep local connections have been invaluable in understanding the cultural environment and establishing a sustainable operating framework across the region.
Our Track Record
Minoil Capital's commodity team have significant experience in soft commodity trading and have successfully secured and executed large contracts under complex logistical environments.
• We have been originating and handling several million tons of bulk agricultural commodities, mostly grains and edible oil in the North- East African region.
• We have built a solid track record of originating deals, building sustainable infrastructure and providing the highest delivery performance to sovereigns and private corporate clients in a region that has been historically under-served by merchants.
• Minoil's management have strong business and family ties in key African markets, such as Ethiopia, Sudan, Egypt and Djibouti. These deep local connections have been invaluable in understanding the cultural environment and establishing a sustainable operating framework across the region.
• We have built a solid track record of originating deals, building sustainable infrastructure and providing the highest delivery performance to sovereigns and private corporate clients in a region that has been historically under-served by merchants.
• Minoil's management have strong business and family ties in key African markets, such as Ethiopia, Sudan, Egypt and Djibouti. These deep local connections have been invaluable in understanding the cultural environment and establishing a sustainable operating framework across the region.
Our in-house finance team has vast knowledge of capital structuring and designing innovative trade finance solutions.
• Minoil Capital's finance team includes professionals with over 50 years of cumulative experience in raising capital and advising companies in the developing world.
• Our partners have raised more than $100 billion over the last 10 years for more than 100 equity and fixed income projects. This total includes more than $40 billion in debt issuance for both sovereign and corporate clients.
• With a background in emerging markets, the team has a track record in mobilizing cross-border capital to deliver growth and create long- term value in targeted opportunities.
• Our partners have raised more than $100 billion over the last 10 years for more than 100 equity and fixed income projects. This total includes more than $40 billion in debt issuance for both sovereign and corporate clients.
• With a background in emerging markets, the team has a track record in mobilizing cross-border capital to deliver growth and create long- term value in targeted opportunities.
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Our Business Segments
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Soft Commodity Trading
Our soft trading business is built around our deep expertise in grains, pulses, edible oil and sugar.
Leveraging our partners hands on experience and longstanding relationships in the target markets, we are focusing on the dual objective of trading directly with the corporate clients and sovereigns.
Our team is capable of designing innovative trade finance solutions for our clients that aim to enhance their working capital utilization together with prompt delivery of products.
Our inhouse chartering team ensures flexibility on delivery schedule and product segmentation.
Leveraging our partners hands on experience and longstanding relationships in the target markets, we are focusing on the dual objective of trading directly with the corporate clients and sovereigns.
Our team is capable of designing innovative trade finance solutions for our clients that aim to enhance their working capital utilization together with prompt delivery of products.
Our inhouse chartering team ensures flexibility on delivery schedule and product segmentation.
Gold Mining
Minoil is engaged in the exploration and development of mineral properties throughout East & West Africa.
Our team's expertise and extensive network of assets allow for closely monitoring and operational execution. Through responsible mining and following OECD supply chain guidelines, we ensure enhanced sustainability and monitoring over the supply chain.
Additionally, through the development of "Mine to Market" ESG program we enhance the robustness of the management systems, source traceability, risk mapping, mitigation programs and periodic reporting.
Our team's expertise and extensive network of assets allow for closely monitoring and operational execution. Through responsible mining and following OECD supply chain guidelines, we ensure enhanced sustainability and monitoring over the supply chain.
Additionally, through the development of "Mine to Market" ESG program we enhance the robustness of the management systems, source traceability, risk mapping, mitigation programs and periodic reporting.
Ports and Terminals
Our port and terminal management unit includes an experienced team of port operators and facility service providers, developing and deploying intelligent systems for the optimization of transport facilities, and investing in young, educated, and local human resources in every new country of opportunity.
We are actively engaged in acquisitions and concession agreements for ports and terminals in the target countries of operation.
Ports and Terminals are of strategic importance, while enhancing supply chain efficiency is critical to sovereigns and corporate clients.
We are actively engaged in acquisitions and concession agreements for ports and terminals in the target countries of operation.
Ports and Terminals are of strategic importance, while enhancing supply chain efficiency is critical to sovereigns and corporate clients.
Advisory Services
We have extensive expertise in advisory of both, sovereigns and private enterprises. The partners of Minoil Capital have been successfully helping with the transactions, business ventures and introductions to capitals in Africa, Eastern Europe, Central Asia and Latin America.
We bring a unique combination of local knowledge and best-in-class access to global markets, largest enterprises and experts. Our partners have been active in these regions for more than 25 years, maintaining the highest transparency and compliance standards..
We bring a unique combination of local knowledge and best-in-class access to global markets, largest enterprises and experts. Our partners have been active in these regions for more than 25 years, maintaining the highest transparency and compliance standards..
Board of Directors
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- Kostas ArmenakisChairman & CEOMr. Armenakis is the chairman and chief executive officer of Minoil Capital.
Mr. Armenakis was previously an Executive Manager for North-East Africa for Gemcorp Group from 2017-2020. During that time, he built the local infrastructure with offices and local teams in Ethiopia, Sudan and Djibouti. In 2019 alone, Mr. Armenakis secured and executed contracts of over 1,500,000 mt in the agro-commodities sector.
Prior to his role at Gemcorp, Mr. Armenakis held various positions in the commodities, mining and shipping sectors, while having a special interest in community based projects under his family office.
Mr. Armenakis acquired his BSc in Finance and Marketing from Essex University in UK and his MSc from Cass Business School in Shipping, Trade and Finance. - Paul SwigartNon Executive Board MemberMr. Swigart is the CEO and a Founding Principal of Xtellus Capital Partners. Mr. Swigart is also the Founding Principal of Steep Rock Capital and Steep Rock Ventures, through which he has extensive experience investing in private equity and venture capital both in the US and internationally.
Previously, Mr. Swigart was the CEO of VTB Capital USA. He also held several investment banking and portfolio management roles in Moscow, London, New York and Mexico City.
Mr. Swigart serves on the Board of Directors of a number of private companies, including Eccentex, AdXcelerant, OnSpot Data, Prescient and Nimbuzz Kuraakani. Mr. Swigart graduated Magna Cum Laude from Princeton University with certificates in Russia and Latin American Studies. - Leonid KouperschmidtNon Executive Board MemberMr. Kouperschmidt is an Executive Director in the Equities group and a Founding Principal of Xtellus Capital Partners. Previously, Mr. Kouperschmidt held a senior role in equity sales for VTB Capital Inc. During his tenure, Mr. Kouperschmidt was instrumental in making VTB Capital one of leading Russian Brokerage firms in the US, assisting with the placement of more than US$ 10 billion of IPOs and SPOs.
Prior to joining VTB Capital, Mr. Kouperschmidt held various equity sales roles in New York, London and Moscow with UBS Securities, RenCap Securities, Auerbach Grayson, Uralsib Bank and MDM Bank. Mr. Kouperschmidt is a graduate of Moscow State University for International Relations with a degree in International Finance. - George PatiniotisExecutive Board Member and the Chief Operations OfficerMr. Patiniotis was previously the General Manager & Chief Operating Officer of Coskal Sarl in Djibouti handling an extensive sale & distribution network for liquor products in the Horn of Africa region. Prior to this role he was an independent contractor engaging in supply chain & logistic activities focused in Sudan, Ethiopia & Djibouti. Mr. Patiniotis has successfully executed large transactions, while working for both sovereign and private clients, under complicated operational environments. He has also held similar positions in the UK, Greece, Colombia and Hungary.
Mr Patiniotis holds a BSc degree in Economics from the University of Reading (UK) and an Msc degree in Finance & Investment from the University of Bristol (UK).
Social Responsibility
Our Board of Directors pays a lot of attention to social responsibility and sustainability projects. Some of our core principles include:
London
7-10 Chandos Street, 4 Fl.
London
W1G 9DQ
London
W1G 9DQ
New York
535 Madison Ave, 5 Fl.
New York,
NY 10022
New York,
NY 10022
Dubai
Office 2606 - 2607 X3 tower,
Cluster X , JLT, Dubai,
UAE
Cluster X , JLT, Dubai,
UAE
Addis Ababa
Gerji Mebrat Hayl
Addis Ababa, Ethiopia
PO BOX 100 420
Addis Ababa, Ethiopia
PO BOX 100 420
Djibouti
Batiment Coskal
Salin Quest
Djibouti
Salin Quest
Djibouti
Compliance Policy
Our Compliance Policy is based on the following principles.
Integrity and reputation are our key assets
The Executive Board of Minoil is proud of the integrity of its organization and the reputation for professional and ethical conduct that Minoil's businesses enjoy around the world. It is deeply committed to the preservation of its integrity and reputation, and thus requires of all businesses:
1. good understanding of and strict compliance with applicable laws, regulations and standards in each of the markets and jurisdictions in which Minoil operates;
2. the on-going implementation of and adherence to this Policy.
Management is the owner of Compliance
Management is the owner of Compliance and holds ultimate responsibility for the implementation of and adherence to this Compliance Policy, supported and advised by its Compliance Officers. Management at all levels (i.e. executive, general and senior management) is responsible for adequate staffing and resourcing of their Compliance departments to implement the requirements of this Policy.
Management must set a good example
Management must set a good example and shall at the same time take all appropriate measures to ensure that all employees will conduct their business activities in an ethical manner, consistent with fiduciary and legal/regulatory obligations and with Minoil's Business Principles and (local) Code of Conduct.
Compliance is a responsibility that every employee shares
Compliance is a responsibility that individual employees share, regardless of their position within the company. This implies a strong compliance commitment, good corporate citizenship and responsible corporate behavior on a global basis. Each is expected to play his or her part, under the guidance of their management and Compliance Officer.
Effective Compliance organization is required at all levels
Management is responsible for appointing a Compliance Officer and establishing an effective Compliance function within the unit it is responsible for.
Effective monitoring of compliance risks is required
Each Compliance Officer shall ensure the effectiveness and integrity of the compliance process of their business with appropriate and detailed monitoring of the adherence to the Compliance Policy and its minimum standards and applicable legal and regulatory standards. The Compliance framework is the set of compliance risk management processes and tools which shall be used by Minoil's businesses, Management and Compliance Officers for managing its compliance risks.
All Minoil's businesses shall comply with this Policy
The content of this Policy is mandatory and represents minimum standards which apply throughout Minoil, to all majority owned Minoil businesses (or business units), businesses under Minoil's management control and staff departments.
Integrity and reputation are our key assets
The Executive Board of Minoil is proud of the integrity of its organization and the reputation for professional and ethical conduct that Minoil's businesses enjoy around the world. It is deeply committed to the preservation of its integrity and reputation, and thus requires of all businesses:
1. good understanding of and strict compliance with applicable laws, regulations and standards in each of the markets and jurisdictions in which Minoil operates;
2. the on-going implementation of and adherence to this Policy.
Management is the owner of Compliance
Management is the owner of Compliance and holds ultimate responsibility for the implementation of and adherence to this Compliance Policy, supported and advised by its Compliance Officers. Management at all levels (i.e. executive, general and senior management) is responsible for adequate staffing and resourcing of their Compliance departments to implement the requirements of this Policy.
Management must set a good example
Management must set a good example and shall at the same time take all appropriate measures to ensure that all employees will conduct their business activities in an ethical manner, consistent with fiduciary and legal/regulatory obligations and with Minoil's Business Principles and (local) Code of Conduct.
Compliance is a responsibility that every employee shares
Compliance is a responsibility that individual employees share, regardless of their position within the company. This implies a strong compliance commitment, good corporate citizenship and responsible corporate behavior on a global basis. Each is expected to play his or her part, under the guidance of their management and Compliance Officer.
Effective Compliance organization is required at all levels
Management is responsible for appointing a Compliance Officer and establishing an effective Compliance function within the unit it is responsible for.
Effective monitoring of compliance risks is required
Each Compliance Officer shall ensure the effectiveness and integrity of the compliance process of their business with appropriate and detailed monitoring of the adherence to the Compliance Policy and its minimum standards and applicable legal and regulatory standards. The Compliance framework is the set of compliance risk management processes and tools which shall be used by Minoil's businesses, Management and Compliance Officers for managing its compliance risks.
All Minoil's businesses shall comply with this Policy
The content of this Policy is mandatory and represents minimum standards which apply throughout Minoil, to all majority owned Minoil businesses (or business units), businesses under Minoil's management control and staff departments.
Privacy Notice
We are committed to providing our clients with quality service. While collecting information about you is essential to meet your needs, we recognize the importance of handling your personal information with care. Accordingly, we have established this Notice of Privacy and related policies.
Confidentiality and Security of Your Information
We maintain appropriate physical, electronic, and procedural safeguards to protect the security and confidentiality of your nonpublic personal information. We educate our employees about the terms of this Notice and the importance of customer privacy. We restrict access to nonpublic personal information about you to those employees and others who need to know that information to provide services to you, to maintain your accounts, or conduct our business.
Information We Collect About You
Collecting information from you is essential to our ability to offer quality services. As part of that process, we may collect nonpublic information about you from the following sources: Information we receive from you on applications and other forms; Information about your transactions with us; Based upon the services provided, information we receive from consumer reporting agencies, government agencies and from your agent banks and prime brokers where applicable; and Information that is used to facilitate emails from you.
Categories of Information We Disclose and to Whom
We do not disclose any information about our clients or former clients to anyone, except as permitted or required by law. We may disclose the types of information listed below to companies that help us conduct our business, that perform administrative or others services on our behalf, or other financial institutions with which we now or may have joint marketing agreements: Information we receive from you on applications and other forms, such as your name, address, Social Security number (if an individual), assets, income and beneficiaries; Information about your transactions with us, or others; and Information we receive from a consumer reporting agency, government agencies and from your agent banks and prime brokers where applicable, and from other sources, such as information concerning credit worthiness and history, and certain information requested pursuant to US Patriot Act anti-money laundering prevention rules and regulations.
Confidentiality and Security of Your Information
We maintain appropriate physical, electronic, and procedural safeguards to protect the security and confidentiality of your nonpublic personal information. We educate our employees about the terms of this Notice and the importance of customer privacy. We restrict access to nonpublic personal information about you to those employees and others who need to know that information to provide services to you, to maintain your accounts, or conduct our business.
Information We Collect About You
Collecting information from you is essential to our ability to offer quality services. As part of that process, we may collect nonpublic information about you from the following sources: Information we receive from you on applications and other forms; Information about your transactions with us; Based upon the services provided, information we receive from consumer reporting agencies, government agencies and from your agent banks and prime brokers where applicable; and Information that is used to facilitate emails from you.
Categories of Information We Disclose and to Whom
We do not disclose any information about our clients or former clients to anyone, except as permitted or required by law. We may disclose the types of information listed below to companies that help us conduct our business, that perform administrative or others services on our behalf, or other financial institutions with which we now or may have joint marketing agreements: Information we receive from you on applications and other forms, such as your name, address, Social Security number (if an individual), assets, income and beneficiaries; Information about your transactions with us, or others; and Information we receive from a consumer reporting agency, government agencies and from your agent banks and prime brokers where applicable, and from other sources, such as information concerning credit worthiness and history, and certain information requested pursuant to US Patriot Act anti-money laundering prevention rules and regulations.