Urgent.News

What's breaking now, across thousands of outlets.

World

Wealth Without Access is Stranded Wealth, Says Optiva Chairman

* Nechi urges African families to build global access, impact and legacy The Chairman of Optiva Capital Partners, Franklin Nechi, has called on African entrepreneurs, investors and families to move

Franklin Nechi, Chairman of Optiva Capital Partners, emphasized the importance of global access for African entrepreneurs, investors and families in his recent media panel titled 'From Access to Legacy: Building the African Family’s Global Future.' He urged attendees to move beyond traditional wealth accumulation and embrace global mobility as a strategic tool for business growth, family security, and intergenerational legacy.

This shift in mindset evolved from a theoretical concept to a practical reality in Optiva's 2026 thought-leadership program, which has progressed from 'Global Mobility as the New Wealth' in Q1 to 'Driving Wealth, Access and Social Impact Across Africa' in Q2.

Nechi noted that wealth without access is essentially stranded wealth, as substantial assets can become constrained when individuals lack the ability to engage in international business transactions, address medical emergencies, pursue global education, or fully participate in international markets. He argued that African entrepreneurs are increasingly operating businesses across multiple jurisdictions, making international mobility a vital enabler of commercial relationships, investment, and market expansion.

Nechi emphasized that mobility serves as the operating system for businesses with clients in various global locations, such as Houston, London, and Nairobi.

Addressing concerns that global mobility might lead to capital flight, Nechi clarified that international access actually promotes capital circulation, as clients are not abandoning Africa but instead creating global access to bring funds back into the region through trade, investment, and partnerships. He also highlighted the growing emphasis on compliance-driven global mobility, with governments placing greater importance on transparency, source of funds, and due diligence.

Nechi advised potential investors to work with credible professional advisers and exercise caution around programs or intermediaries offering rapid or inexpensive outcomes, stressing that credibility is the new currency in this evolving landscape.

Optiva's approach focuses on strategic advisory rather than simply selling residency or citizenship programs. Nechi and his team aim to build legacy strategies, positioning themselves as advisors first and service providers second. Looking ahead to 2027, Nechi stressed that the ultimate objective of global mobility should be to create lasting opportunities for future generations, emphasizing that it's essential to build access, impact, and a lasting legacy for African families.

Written by urgent.news from This Day's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at thisdaylive.com →

More in World

More from Tuesday 29 September →