beige capital
Beige Capital Asset Management Limited (trading as Beige Capital) is a Ghana-incorporated investment and fund management company headquartered in Accra. It operates as the investments subsidiary of The BEIGE Group, a Ghanaian financial-services group founded in 2008 by chartered accountant Michael (Mike) Nyinaku that also built banking, pensions and insurance businesses. The on-file company registry record lists Beige Capital’s status as Active, but no registration number, legal form or incorporation date is currently recorded in that source.
Beige Capital Asset Management was licensed by the Securities and Exchange Commission (SEC) of Ghana as a fund manager, with a stated business of managing mutual funds, private wealth portfolios and pension funds for private individuals, NGOs and corporate clients across a range of asset classes and investment strategies. On 8 November 2019, the SEC revoked the fund-management licences of 53 companies under Section 122(2)(b) of the Securities Industry Act, 2016 (Act 929), and Beige Capital Asset Management Limited was named among the non-operating, revoked licensees. The "Active" company-registry status on file should therefore not be read as evidence that Beige Capital currently carries out licensed fund-management activity.
Beige Capital Asset Management has also featured in Ghanaian criminal proceedings connected to the 2018 collapse of the group’s banking arm, The Beige Bank Limited: prosecution witnesses testified in 2023 that customer deposits were transferred from Beige Bank into a Beige Capital Asset Management account. Former Beige Bank chief executive Michael Nyinaku was acquitted on all 43 charges by an Accra court in July 2025. As of this review, the company’s website, beigecapital.com, displayed only an embedded web form rather than an active corporate site.
Sources: Asaase Radio, list of 53 fund managers with revoked SEC licences (retrieved 2026-09-10); Graphic Online, "Beige Bank collapse: Nyinaku siphoned 10,000 customers deposits — Witness", 22 Feb 2023; MyJoyOnline, "Court acquits Michael Nyinaku, founder of Beige Bank", 24 Jul 2025; BusinessGhana directory profile for The BEIGE Group (retrieved 2026-09-10).
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Shareholders
Shareholders of Beige Capital
Ghana does not require private limited companies to publicly disclose their shareholder registers; only listed companies must do so, and Beige Capital Asset Management Limited is not listed on the Ghana Stock Exchange. No shareholder register or ownership percentage for the company is available through the Ghanaian company registry.
Court testimony given in 2023 during the criminal trial of former Beige Bank chief executive Michael Nyinaku, by an accountant seconded to the bank’s court-appointed Receiver, described Beige Capital Asset Management Limited (referred to in proceedings as "BCAM") as a company "wholly owned by Nyinaku" and as the account into which customer deposits from the collapsed Beige Bank were allegedly diverted. This is reported witness testimony from litigation, not a confirmed shareholder filing, and should be treated as an unverified claim about ownership rather than a registry-confirmed fact. Nyinaku was acquitted of all related charges in July 2025.
Ultimate beneficial ownership
No UBO filing or independently verified beneficial-ownership percentage is available for Beige Capital Asset Management Limited. The only ownership indication located is the court-testimony reference above, which does not establish a percentage interest or ownership chain and cannot support a calculated UBO conclusion.
Data availability
Shareholder and beneficial-ownership information for this company is Not public through Ghana’s company registry. The only ownership indication found is uncorroborated court testimony from litigation that concluded with Michael Nyinaku’s acquittal in July 2025.
Sources
- Graphic Online, "Beige Bank collapse: Nyinaku siphoned 10,000 customers deposits — Witness", 22 Feb 2023, https://www.graphic.com.gh/news/general-news/ghana-news-beige-bank-collapse-nyinaku-siphoned-10-000-customers-deposits-witness.html (retrieved 2026-09-10)
- MyJoyOnline, "Court acquits Michael Nyinaku, founder of Beige Bank", 24 Jul 2025, https://www.myjoyonline.com/court-acquits-michael-nyinaku-founder-of-beige-bank/ (retrieved 2026-09-10)
Group Structure
Group structure of Beige Capital
Beige Capital Asset Management Limited operates as part of The BEIGE Group, a privately held Ghanaian financial-services group founded in 2008 by Michael Nyinaku and headquartered at East Legon, Accra. The Group’s own published profile lists Beige Capital Asset Management Ltd as its investments/fund-management subsidiary alongside sister companies in retail banking, pensions and insurance. No independent shareholder or ownership-percentage filing verifying these corporate links was located; the relationships below are self-reported by the Group rather than confirmed through a registry or ownership filing, so they are classified as possible/affiliate relationships, not verified ones.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| The BEIGE Group | Ghana | Not disclosed | Possible ultimate parent (self-reported) | Ownership percentage not disclosed | Active holding company (self-reported) | Retrieved 2026-09-10 |
| The Beige Bank Limited (formerly Beige Capital Savings & Loans Ltd) | Ghana | Not disclosed | Possible sister company (self-reported) | Ownership percentage not disclosed | Banking licence revoked 1 Aug 2018; absorbed into Consolidated Bank Ghana Limited | 1 Aug 2018 |
| Legacy Pensions Trust Ltd | Ghana | Not disclosed | Possible sister company (self-reported) | Ownership percentage not disclosed | Not independently verified | Retrieved 2026-09-10 |
| Unique Life Insurance (Beige Assure) | Ghana | Not disclosed | Possible sister company (self-reported) | Ownership percentage not disclosed | Not independently verified | Retrieved 2026-09-10 |
Recent structural changes
- 1 August 2018: The Bank of Ghana revoked the banking licence of The Beige Bank Limited (the group’s banking subsidiary) and placed it in receivership; its obligations were absorbed into the newly formed Consolidated Bank Ghana Limited along with four other banks.
- 8 November 2019: Ghana’s SEC revoked the fund-management licence of Beige Capital Asset Management Limited itself, along with 52 other fund managers, under Section 122(2)(b) of the Securities Industry Act, 2016 (Act 929).
Data availability
Corporate-linkage information for this group is Restricted/Not public: no independent registry filing confirming ownership percentages between The BEIGE Group and its named subsidiaries, including Beige Capital Asset Management Limited, was located. The relationships above rely on the Group’s own published materials and on regulatory/news reporting about the 2018-2019 licence revocations affecting two group entities, not on verified ownership filings.
Sources
- The BEIGE Group company profile, BusinessGhana directory, https://businessghana.com/site/directory/financial-services/401780/The-BEIGE-Group (retrieved 2026-09-10)
- Asaase Radio, "Here are the 53 Investment firms whose licenses have been REVOKED by SEC", https://asaaseradio.com/53-investment-management-companies-whose-licenses-have-been-revoked/ (retrieved 2026-09-10)
- Graphic Online / Citinewsroom reporting on the Bank of Ghana revocation of Beige Bank’s licence and its absorption into Consolidated Bank Ghana Limited, 1 Aug 2018
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Frequently Asked Questions
Who is beige capital's UBO (Ultimate Beneficial Owner)?
No UBO filing or independently verified beneficial-ownership percentage is available for Beige Capital Asset Management Limited. The only ownership indication located is the court-testimony reference above, which does not establish a percentage interest or ownership chain and cannot support a calculated UBO conclusion.
Is beige capital still an active company?
beige capital's status on Company Data Enrichment is listed as active.
What is beige capital's registered address?
The registered address on file for beige capital is Ghana.
Can Zavia monitor changes to beige capital's ownership over time?
This profile reflects a point-in-time snapshot from Company Data Enrichment. Zavia's monitoring API can track changes to beige capital's registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access beige capital's data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Ghana, so records like beige capital's registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from Company Data Enrichment and was last synced on 13 August 2026.