A Guinean financial house,
serving an investment-ready economy.
MBM Capital was born in Conakry in 2020 with a simple ambition: to give Guinea a financial infrastructure worthy of its resources and its operators.
A house born from an observation.
In 2020, the observation is simple: Guinea has a solid base of entrepreneurs, considerable natural resources and an active diaspora, yet it lacks the financial infrastructure capable of turning this potential into lasting economic performance. International capital struggles to find investment vehicles structured to its standards; local SMEs struggle to access capital suited to their growth cycle; and structuring real assets — real estate, agro-industry, productive holdings — remain largely outside organized financial circuits.
It is in this context that MBM Capitalwas founded, with a clear purpose: to organize and bring fluidity to local financial markets, connect international capital to Guinea's productive fabric, and design the investment vehicles that are missing.
Early on, MBM Capital structured MOLAM Capital, the first prototype of an equity and quasi-equity vehicle designed and operated by Guinean financiers. This is the first building block: proof that an investment instrument meeting international standards can be structured, operated and governed from Conakry.
In the years that followed, MBM Capital wove a network of institutional partners covering the main funders active in the market: European Union, GIZ, Enabel, Proparco, IFC, AFD, BMZ, Investisseurs & Partenaires, Bond'innov, Azimut Inclusive Finance, Islamic Bank of Guinea. Five investment and capacity-building programs are operated for the benefit of Guinean SMEs: IPAS, Local Champions Initiative, CATAL1.5°T, FARM, and the FIERE program (BOOST and Azimut components).
In 2024, the house reached a new milestone with the creation of its dedicated management company, Gola Capital Partners SAS, which consolidates the management of institutional investment programs; and the rise of the LAMKAbrand, dedicated to structuring securitized real assets.
Six years after its founding, MBM Capital operates for international funders, supports around ten Guinean companies through direct equity, and is steadily extending the country's financial infrastructure.
Three anchors that define us.
What we are, what we do, and how we stand within the Guinean financial landscape.
Guinea's first independent financial house.
MBM Capital is rooted in Conakry, capitalized by Guinean operators, and governed to international standards.
Neither a consulting firm, nor a bank, nor an opportunistic fund: a structuring house that designs, operates and manages its own investment vehicles.
Structuring and mobilizing capital.
Our mission is structural, not transactional. We design the instruments, vehicles and bridges that allow capital to meet, circulate and create value in the Guinean context.
Every program operated, every vehicle structured, every asset securitized adds a building block to the country's financial infrastructure.
A pivot between global and local capital.
We are the counterpart for international funders seeking to deploy capital in Guinea to recognized standards, and the anchor for Guinean economic operators who need financial instruments suited to their reality.
This pivot stance is the condition for effective intermediation between two worlds.
Three complementary business lines.
Each MBM Capital business line meets a specific need of the Guinean market, and feeds the other two to form a coherent, structuring financial system.
Investment programs for international funders
Through its management company Gola Capital Partners SAS, MBM Capital structures and operates the investment programs entrusted by international funders and development finance institutions, for the benefit of Guinean and sub-regional SMEs.
Direct investment in Guinean SMEs
MBM Capital takes direct equity and quasi-equity stakes in high-potential Guinean SMEs, and structures funding rounds by mobilizing its network of business angels, investment banks and partner funds.
Structured real-asset management
MBM Capital structures and securitizes Guinean real assets — real estate, agricultural products, productive holdings — backed by investment vehicles subscribed by Guinean economic operators and the diaspora.
Where we are heading.
Four structuring undertakings for the years ahead, extending the house's purpose and preparing the financial infrastructure of the next decade.
Strengthening Guinea's financial infrastructure.
Designing and operating the missing links between international funders, local banks, guarantee funds and SMEs. The Guinean SME Finance Task Force, currently being structured, will be one of the visible milestones of this groundwork, bringing all stakeholders together around a shared reading of the productive sector's financing needs.
Bringing fluidity to transactions and asset liquidity.
Preparing the technical, legal and institutional conditions that will allow assets structured by MBM Capital — and, more broadly, organized financial instruments in Guinea — to be traded, transferred and valued within a fluid, recognized framework. A long-term effort, built instrument by instrument.
Creating synergy between international and local capital.
Serving as a structured bridge between international funders, investment banks and development finance institutions on one side, and Guinean banks, private economic operators, savers and the diaspora on the other. Bringing these two sources of capital into dialogue is, in our view, the key to sustainably financing the national productive sector.
LAMKA Premium — proof through action.
The delivery of LAMKA Premium will mark the completion of the group's first strategic cycle: concrete proof that a Guinean real asset can be structured, securitized, financed by local savings and delivered to international standards. Proof through action of what Guinean structured finance can now achieve.
The human capital that makes this possible.
MBM Capital's ability to operate to international funders' standards while remaining rooted in the Guinean context rests on the quality and diversity of its human capital. The house brings together permanent teams and a network of associate experts — in-house staff, specialized consultants, independent experts — who have worked within leading institutions of the global financial sector, across several countries in Africa, Europe and North America.
Financial engineering and structuring
- BNP Paribas Cardif France
- Société Générale France
- KPMG Turkey
- Africa Oil & Gas Cyprus
Audit, compliance and governance
- Deloitte Canada Big Four · SOX and 52-109 audits
- PricewaterhouseCoopers Guinea · Big Four
- Grant Thornton Guinea
- Desjardins financial cooperative Canada
Portfolio management and operational support
- 5 structuring programs operated IPAS · Local Champions Initiative · CATAL1.5°T · FARM · FIERE
- ~10 companies supported through equity and quasi-equity
- 12 SMEs assessed under the LCI/IFC program
Strategy, institutional relations and resource mobilization
- African Development Bank
- UNDP Guinea SDG NFCC · policy dialogue
- AFD Guinea
- AIMF
- Spartan Innovations United States
A network of associate experts.
Beyond its permanent teams, MBM Capital draws on a network of associate experts — specialized consultants, analysts, legal counsel, sector specialists — engaged on a project basis, present in Guinea, across the sub-region and in the main international financial centers.
The house is led by Mohamed Mouctar BAH, Chief Executive Officer and founder, whose career spans capital markets, international trading of oil products and derivatives, commodities trading, and the structuring of investment vehicles suited to the African context.
Let's get to know each other.
Would you like to understand how we structure our programs, support our portfolio companies, or carry out our market-infrastructure initiatives? Explore what we do, or get in touch directly.