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| Dr. Kwabena Adjei |
Dr. Kwabena Adjei is an industrialist and entrepreneur, he founded Kasapreko in 1989. The company was one of several new companies, including Kantamanto, Ravico and Macbell, that set up liquor distillation businesses at about the same time in Nungua, a suburb of Accra.
Before setting up Kasapreko, Dr Adjei was involved in general trading and imported a wide range of products for sale in Ghana. He was also a licensed gold buyer. During their early years, all the companies that produced distilled products sourced inputs from the same supplier and were using the same blend to produce a generic gin. Kasapreko broke away from this tradition and sourced inputs from a different supplier to produce gin, brandy and whisky of different blends from those of its rivals. This set the company apart and enabled it to build a niche market, the company that time operated in the informal sector.
After 10 years of operation, Dr Adjei decided to formalize his operations by hiring professionals to review the business and put in place structures including a board, a professional management and technical team as well as a good operational, human resources and financial management systems.
The company’s brands include Alomo Bitters, brandy, Cardinal liqueur, Cocoa liqueur, dry gin, Kasapak, lime cordial, Kalahari, Ogidigidi bitters, Opeimu bitters, tonic wine and Kasa Vino. The company uses 25 million litres of ethanol per annum. Kasapreko is the company that commercialized the operations of the informal alcoholic beverage industry in Ghana. Investment in technology has kept the company at the forefront of the sector.
Dr. Kwabena acquired his fortune from Kasapreko which currently has staff strength of about 130 and is the largest producer of alcoholic beverages in Ghana ahead of brands like Guinness and STAR Beer. The company installed two new state-of-the-art liquor producing lines, at the cost of US$30 million, with the capacity to produce 70,000 bottles per hour. Kasapreko has key distributors and retailers in 8 of Ghana’s 10 regions and also has about 6 distributors in Nigeria. Kasapreko currently export to all West African countries with Nigeria being the main destination.
He is a product of Empretec who imbibed his industrial vision by his work association with the Aluminum Producing Giant, VALCO in Ghana.In addition to being the Managing Director for Kasapreko Company Limited and its sister company KasaGlobal Ventures Limited, he holds the alternate directorship of Midland International (Ghana Limited.). He is also an Advisor/National Executive Member of the Chartered Institute of Administration of Ghana and a fellow of the Chartered Institute of Administrators.
Dr. Kwabena Adjei's net worth is estimated to be $400 million according to a report by Goodman AMC. Dr. Kwabena is an alumni of the prestigious Harvard Business School. He won the 'Marketing Man Of The Year, 2000 Award' by the American Biographical Institute. He was recently awarded 'Master Entrepreneur Of The Year' in the West African Edition Of The Ernst & Young (EY) World Entrepreneur Of The Year Awards.
source; Goodman Amc
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