NQ Minerals to IPO 06/05/2015
Entrepreneurial Frank Scolaro, the ex-Regal Petroleum boss now clinching a £3.8 million AIM diamond float for African gem play Paragon Diamonds, has set his sights on different goals in his commercial stamping ground. Not content with selling a big chunk of Kopane Diamond Developments to Firestone Diamonds for a £4.9 million profit, he is poised to become West Africa’s charitable version of Roman Abramovich.
Scolaro has set up the African Football Academy in Kono, Sierra Leone, as part of his game plan to become a respected corporate citizen of the region. He is involving Chelsea’s Didier Drogba and Frank Lampard in the project, part of the Sierra Leone Football League, which aims to produce at least six players suitable to display their prowess for English clubs.
Frank Timis, Scolaro’s fellow West African entrepreneur and controversial predecessor at Regal, is unlikely to be seen in the penalty area.
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