Chairman, African Capital Alliance (ACA)
Richard Kramer is a Kansan who schooled in Accountancy at Kansas University, earned his MBA at Harvard Business School and had a 36 year career with Arthur Andersen. His background in petroleum and consulting started in Denver, led to assignments overseas in the Middle East, Latin American, Benelux and Sub-Saharan Africa. He has been based in Lagos since 1978 and followed retirement from Andersen in 1994 with a number of consulting and community service activities, including the Nigerian Economic Summit, Lagos Business School and Vision 2010. This focus on shaping the economic reform agenda for Nigeria led to the founding of African Capital Alliance (ACA) in 1997 as the pioneer private equity management firm based in Nigeria. He remains active in a wide array of community activities in addition to the Chairman role in ACA.
His wife Wanda has pursued her career in teaching throughout their overseas assignments until recently establishing a second home base in Amarillo, Texas. She spends part time in Nigeria but is closely involved with her mother (now 98) and their farming interests in Southwest Kansas. They have two sons and three grandchildren. As a family, they have all lived and travelled extensively abroad; plus philanthropic activities are their primary interests in addition to their careers.
Mr. Kramer's primary interest in private equity has been fostered by a deep belief that responsible private sector investment must be the engine of growth for Africa, particularly for Nigeria. Thus far, the ACA track record and prospective deal flow bear out the soundness of this viewpoint. However, there is much to do and EMPEA can play a key role in helping Africa reach its potential.