How this CEO started a multi-million dollar company with GH¢250

CEO of Rigworld Group, Kofi Amoa-Abban

Sat, 26 Oct 2024 Source: www.ghanaweb.com

CEO of Rigworld Group, Kofi Amoa-Abban, has shared a heartfelt tribute to his late mother, Letitia Amoa-Abban, revealing that the initial capital for his now multi-million dollar company, Rigworld Oil, came from a loan of GH¢250 provided by his her.

Amoa-Abban made this revelation during her burial service on October 26, 2024, where he recounted a pivotal evening when he approached his mother at Tema with only GH¢50 cedis and a dream of starting his own company.

“I told my mom that ‘Mom, I have a dream of establishing a company but I don't have money. I need a favour. I want you to loan me capital will turn up with your planet to incorporate the company,’” he said.

Despite her limited resources, he said his sought help from a friend and managed to lend him the necessary funds.

“So, my mom told me to just be in the neighbourhood and that I should come back after 6 pm. When I went back, lo and behold my mom had GH¢250 cedis for me. The following day, I went to incorporate a company called RigWorld.

“This company was born with seed money from my mother. God bless you, Maame,” he narrated.

Rigworld International has since grown from a small startup to a significant enterprise with numerous subsidiaries across various sectors and countries.

Amoa-Abban attributes this success to his mother's unwavering belief, faith and support of his vision.

Watch the video below:

The CEO of Rigworld Group, Kofi Amoa-Abban, shared that his mother lent him the Gh¢250 he used to incorporate his Rigworld Oil Company.

During the burial service of his mother, Mrs. Letitia Amoa-Abban, he praised her memory and her tremendous support in the development of his… pic.twitter.com/p2X7yAlOeR
— SIKAOFFICIAL🦍 (@SIKAOFFICIAL1) October 26, 2024