Year after year, Spencon continues on its growth trajectory, supported by clearly stated fundamentals: a strategy known to all, expertise covering the full range of construction business lines, a management system that fosters creativity in individuals and responsiveness in organizations, strong values that give our culturally diverse teams a shared passion of building and common entrepreneurial drive.
Spencon has continued to experience phenomenal expansion as a result of organic growth as well as venture capital injection and is now expanding its presence into new markets. Future growth will be driven by a resurgence of infrastructural spend in Africa.
The company's economic goals tie in with our responsible approach to customers, our employees and the community at large. As a major player in creating the quality of life regional development, Spencon aims to set and example in the conduct of its business.
Our financial and accounting practices align with the International Accounting Standards, and we have retained an international firm (Ernst & Young) as our company auditors. We ascribe to good corporate governance frameworks as a means of attracting and retaining long-term capital from investors as well as maintaining high credibility. We respect and subscribe to enhancing a full set of relationships between management, the board of directors, shareholders, employees and stakeholder community.
Spencon has evolved from a founder managed business to a broad based corporate with diverse share holding and stronger governance structures. Some of the notable investors in Spencon:
i) Emerging Capital Partners- A washington based private equity fund, holds 37% stake in Spencon.
ii) FMO and DEG- Development Finance Institutions that continue to provide fund support.
iii) Leading commercial banks-provide working capital and ancillary facilities enabling Spencon to sustain her growth momentum.
The participation of these reputable institutions is an indication of their confidence in our strategic direction and management team.