‘We’re ready to address core infrastructure, operational challenges across global markets’

CapitalSage Technology Group has announced a strategic shift toward tackling infrastructure and operational challenges across its African and global operations. John Alamu, Founder and Group Managing Director, made the declaration during the inauguration of the company's new Board at a ceremony attended by senior executives and directors. Alamu stated the company has evolved from grassroots lending into an integrated financial services platform, with offerings including digital banking through Kolomoni, credit via CreditAssist, payments infrastructure via Ercas, and capital markets under Regius. He emphasized that the new governance structure features a Group-level holding Board alongside subsidiary Boards for key business areas such as payments, banking, credit, investments, and international operations.

Alamu described the move as necessary to align with the scale and complexity of CapitalSage's expanding operations. Samsudeen Opeyemi Oduwole, the newly appointed Board Chairman, said the change marks a significant evolution in governance, enabling stronger oversight and clearer accountability. Yemisi Shittu, Executive Director of Corporate Services, noted the transition reflects a shift from infrastructure development to performance optimisation, following years of investment in licensing and systems. The Group plans to focus on revenue growth, market expansion, and deepening institutional partnerships. A Group CEO is set to be appointed in 2025 to further drive this agenda. Under Nath Ude's leadership, CapitalSage is prioritising disciplined execution and regulatory alignment. The Board will support business development and regulatory engagement as the company enters new markets.